Money and BanksCapital and Interest TheoryMoney and Banking
Without saving and investment, there can be no material progress — which is necessary for cultural progress and flourishing.
The Dutch Republic transformed the fervor of predestination into faith in personal destiny — and the singularly capitalistic means of getting there.
U.S. HistoryWar and Foreign Policy
Legal SystemU.S. History
Lincoln's disregard for rights of due process was once highly controversial. And the old "we're at war" trick wasn't seen as a convincing excuse.
Money and BanksMoney and Banking
Restrained by both ideology and public sentiment, central banks were once kept from the sort of antics they now regularly indulge in.
Marx was wrong about the basics of value and exchange — and thus was wrong about the relationship between owners and laborers.