U.S. History

Pages 340-349 in the text, as narrated by Floy Lilley.

Pages 40-42 in the text, as narrated by Floy Lilley. From Part 1 of Conceived in Liberty, Volume IV: “The War Begins.”

The eloquence was chiefly the doing of Goldwater's speechwriter and principal adviser during the 1964 campaign, the journalist and political ghostwriter Karl Hess. As Hess tells it, Senator Goldwater really was a genuine classical liberal.

I did not anticipate writing a favorable review of a book by Garry Wills. He veered fairly early in his career from a quirky form of conservatism to a run-of-the mill leftism.

The paradox is that if Nock had but known it, Columbia College in his day was the nearest approximation to the ideal set forth in his lectures.

The myth of the Great Depression being caused by laissez-faire capitalism — and being solved by either the New Deal, World War II, or both — is so prevalent that in popular-opinion surveys, Franklin Delano Roosevelt routinely appears in the top five of all US presidents, while the name of Herbert Hoover has become synonymous with government inaction during an economic crisis.

"They took care of themselves and recognized that having freedom means the freedom to fail as well as to succeed."

Understanding economics helps you see history better. American workers, although only lightly unionized, were more productive than others. All high standards of living are due to free markets. Governments destroy this.

"The 'two-party system' in the United States now consisted of two conservative parties and no liberal party."

Stolyarov reviews Robert P. Murphy’s The Politically Incorrect Guide to the Great Depression and the New Deal (2009).