U.S. History

John Updike on the Great Depression:

Adding more government intervention in virtually every aspect of our lives because politicians who oppose war call everything else a war, cannot stand up to careful examination.

So long as we are talking about founding documents, the one that really deserves more attention is the Declaration of Independence. Now here is an inspiring document that shows us where we should go in the future!

A new book by NYU Professor William Silber has just come out offering an explanation for

Lebanese Muslims saw aggression, not liberty, and fought back with the only effective weapons that they had at the time. The point is not that Americans deserved to be attacked, but that they would not have been attacked but for being placed in the middle of a distant sectarian conflict. No wonder US policymakers prefer not to talk about the causes of terrorism.

For Rothbard, the Articles of Confederation were not, contrary to most historians, an overly weak arrangement that needed to be replaced by the more centrally focused Constitution. Quite the contrary, the Articles themselves allowed too much central control.

Boom-busts were a feature of markets. Under consumption caused the depression. WWII ended the Great Depression. All three Keynesian beliefs were inaccurate. Only the Austrian Business Cycle Theory got it right.

Joe Kissell at Interesting Thing of the Day does a little investigation to try to piece together

Maybe the authors of the Federalist Papers were liars.

James Wilson (9/4/1742–8/28/1798) was one of the most important of America’s founding fathers, but is now one of the least known.