The role of ideology in the growth of government is required as intellectual cover for what is done regardless of the government form (e.g. monarchy or socialism). For example, Arthur Schlesinger, Jr. played such an intellectual role.
"There can be no such thing as a nation flourishing alone in commerce: she can only participate; and the destruction of it in any part must necessarily affect all." Thomas Paine.
Allan Meltzer did not set out to encourage Americans to consider the unthinkable: the Fed is so dangerous to our economic and political health that it should go. But maybe, just maybe, his new but flawed book may reignite a debate that goes back to Jacksonian America. Gregory Bresiger is the reviewer.
There are clues and warnings, beyond mere contrarian instincts, that inflation will once again have her day. Inflation is a process that forcefully re-distributes wealth from one group to another. Prices do not change uniformly in this process, and those that get the new dollars before their costs have risen gain at the expense of those whose costs rise first.
Can a few courageous writers like Tom DiLorenzo and his colleagues, using logic, evidence, and moral suasion, negate what their opponents thought they had won with over a million troops on battlefields 138 years ago?
A contributing problem of the 1990s economic boom was ideological, and it is one that still persists in the aftermath, writes Christopher Mayer. It was a cultural error that made a hero out of a Fed Chairman and that put so much faith in the Fed to begin with, at the expense of sound economics.
In deciding whether to wage war against yet another regime that has fallen into disfavor with DC, the United States must make some hard choices. Gregory Bresiger asks: will we follow the traditions of George Washington or those of Woodrow Wilson? "War," wrote Mises, "is harmful not only to the conquered but to the conqueror."
It is natural that liberty and peace go together, writes Lew Rockwell. Liberty makes it possible for people from different religious traditions and cultural backgrounds to find common ground. Commerce is the great mechanism that permits cooperation amidst radical diversity. It is also the basis for the working out of the brotherhood of man. Trade is the key to peace. It allows us to think and act both locally and globally.
The anticipation surrounding the new movie "Gods and Generals" underscores the continuing fascination that Americans (and the world) have with the meaning of the Civil War. What continues to be missed are the economic roots of the North-South conflict—roots which represent deviations from the free-trade ideal.
In tough times, people cling to the words of politicians and the statements of TV's talking heads—the two sources least likely to offer a broad perspective that yields answers. Jeffrey Tucker recommends five books for a clear a historical perspective, a theoretical explanation, a forecast for the future, and an agenda for change.
