U.S. History

Congress is hardly a great steward of financial power, but there are benefits to wrestling control of the money supply away from the Fed and returning it to Congress.

In his Newsweek column, Henry Hazlitt addresses inflation, deflation, and criticisms of capitalism by "democratic socialists." 

Paul Gottfried discusses his recent book, Fascism: The Career of a Concept.

Samuel Bostaph (University of Dallas) discusses his recent book, Andrew Carnegie: An Economic Biography.

Due to over prescription of legal opiates, many patients become addicted and end up turning to illegal opiates like heroin. Overdoses and other tragedies soon follow.

In an unhampered economy, we would measure economic progress by a need for fewer work hours and fewer jobs. In our mixed economy, it's impossible to say whether more jobs reflect an improving or a worsening economy.

Recessions are good for an economy because they involve a resolution process, but a big recession for this boom town could be great for the world economy.

Is government spending on infrastructure less of a misallocation than other spending?

The US government owns immense amounts of dry land, but the US government also owns far larger amounts of ocean floor. Government ownership of such immense amounts of natural resources causes substantial distortions to prices and markets.

Joseph Salerno reviews James Grant's new book The Forgotten Depression — 1921: The Crash That Cured Itself in the spring 2016 issue of The Independent Review.