U.S. History

Another book by Th

But as long as people can be led to believe that running the printing press and issuing fiduciary media can substitute for saving and capital accumulation as a way to achieve prosperity and create wealth — or, yes, prosecute a war — government will continue to get away with this particularly insidious and underhanded form of expropriation.

As of 1790, all original thirteen colonies had ratified the Constitution. Four clauses have caused great trouble ever since: The War Powers Clause; The Commerce Clause; The Necessary and Proper Clause; and, The General Welfare Clause.

Some American History is not covered at all in history books. Four of these ignored stories are: 1) in 1798 a law passed making it a crime to say unkind words about anyone in the US government, other than the vice president, who at the time was Jefferson.

Critics of Roosevelt's New Deal often liken it to fascism. Roosevelt's numerous defenders dismiss this charge as reactionary propaganda; but as Wolfgang Schivelbusch makes clear, it is perfectly true.

Fischer’s book Albion’s Seed described four British folkways into the colonies.  The four were Puritans to New England, aristocrats to Virginia, Quakers to Pennsylvania, and borderland immigrants to Appalachian backcountry.

In many ways, the group has been misnamed. Federalism refers to the system of decentralized government. This group defended states rights — the very essence of federalism — against the Federalists, who would have been more accurately described as Nationalists. Nonetheless, what the so-called Antifederalists predicted would be the results of the Constitution turned out to be true in most every respect.

Expect every government program to fail to achieve its stated aims – domestic and foreign – and you will hit the mark every time.

Presented at the Mises Circle in Manhattan: The Fed and War Finance (16 September 2006, University Club, New York, NY).