U.S. History

With a Republican president running sky-high debts, unleashing wars, imposing protectionist trade edicts, and risking the nation’s financial future, sometimes it feels like the 19th century all over again, specifically the year 1861 and following. The 1860 election of Abraham Lincoln sparked a secession movement in the southern states. In December, South Carolina seceded, and other Deep South states soon followed. Interstate commerce was disrupted, and many northeastern banks suspended specie payments. The atmosphere was one of grave political and economic crisis. Many feared war; many feared the unknown.

Gary Galles on Booker T. Washington: He encouraged business, industry and entrepreneurship, rather than political agitation.

One of the problems of the American Empire is that there is a lot of empire denial going around. You cannot want to rule the world and yet say that what you value is laissez-faire economics (like National Review does).

Thomas Sowell’s book, Civil Rights, lays bare many of the myths of the Great Society. What did ordinary people do before an advanced welfare state? Anti-poverty programs like the 1965 Job Corps did not turn out well. There was less poverty before the programs. Federal aid to education, like Head Start, did not stop any cycle of poverty. There was no difference in performance.

Recorded at the Mises Institute, May 1994.

Recorded at the Mises Institute, May 1994.

Recorded at the Reassessing the Presidency seminar; March 2004. (33:49)

This is a federal constitution. Federalism is the most important idea for liberty. You must maximize your choices and you need meaningful choices, made against a cultural background. Federalism requires such moral correctness that it makes it the most difficult system to maintain. Federalism always fights consolidation.

Albion’s Seed is a great book about the four migration folkways into the colonies from Great Britain during 1629 through 1775. The groups had many characteristics in common which may be what made future union possible, but the groups were also different. Puritans hated Quakers. Everybody hated Catholics. The competing regional cultures created quite a laissez-faire outcome between the community-based groups and more individualistic groups.

Recorded at the Mises Institute, May 1994.