U.S. History

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Yellen Is Wrong. The US Government Doesn't Always Pay its Debts.

Money and BanksU.S. History

Blog09/28/2021

Let's stop pretending default is unprecedented. The US defaulted on debts in 1934 and again in 1979. Today it engages in de facto default through financial repression and monetary inflation.

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The 1787 Constitution Was a Radical Assault on the Spirit of the Revolution

U.S. History

Blog09/28/2021

It was a bloodless coup d’état. The Federalists, by use of countless dirty tricks, had managed to defy the wishes of the majority of the American people and create a new constitution.

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My Time with the FBI

U.S. History

Blog09/25/2021

The FBI’s power and federal legitimacy are far more tenuous than Washington recognizes. Beyond the nation’s big cities, federal authority hinges largely on the consent of local citizens.

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Why the Federalists Hated the Bill of Rights

U.S. History

Blog09/20/2021

The Bill of Rights transformed the Constitution from one of supreme and total national power to a partially mixed polity where the liberal antinationalists at least had a fighting chance. 

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What They Really Mean When They Say "Do the Right Thing"

U.S. History

Blog09/15/2021

When a politician says "do the right thing," what he means is "do what I say, or else." 

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The Water "Shortage"

U.S. History

Blog09/10/2021

All goods and services are scarce, and government intervention has never changed this reality.  The scarcity of water is nothing new, nor is it an impossible conundrum for markets. 

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The Rise of Economic Fascism in America

Cronyism and CorporatismU.S. History

Blog09/03/2021

Virtually all of the specific economic policies advocated by the Italian and German fascists of the 1930s have also been adopted in the United States in some form, and continue to be adopted to this day.

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Native Americans Had a Lot More Private Property than You Think

Property RightsU.S. HistoryPrivate Property

Blog09/02/2021

Many scholars employ excessively narrow notions of homesteading which wrongly suggest that virtually all Indian hunting grounds and food sources were "unowned."  

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As the Political Divide Grows, It Makes Sense to Redraw State Boundaries

U.S. History

Blog08/28/2021

Discarding the starry-eyed fantasy of unity is the first step in acclimating Americans to the idea of radical decentralization. Realistically speaking, this will be a drawn-out process marked by stumbling blocks along the way.

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Happy Hour May Be Getting a Little Happier

U.S. History

Blog08/28/2021

Ten states ban happy hour. These laws restrict the sale of alcohol at discounted prices during specially designated times. Unfortunately, many citizens regard these backdoor price controls as perfectly legit. 

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