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July 14, 2021 Reading Time: < 1 minute

It’s becoming quite clear that one of the central aims of Critical Race Theory is to delegitimize and diminish the political and moral achievement that is the United States of America.

And with their 1619 Project, the New York Times has weighed in to rewrite American history by deconstructing institutions responsible for our prosperity and our success: free-market capitalism and the United States Constitution.

How? On the grounds that they were deeply interconnected with and irreparably tainted by the institution of slavery in America. To assert their claim, they employ many “big lie” stratagems. Here are some of the biggest:

  • America was founded as a “slavocracy” in 1619 and “anti-black racism runs in the very DNA of this country.”
  • Americans declared their independence from Britain to protect the institution of slavery.
  • Half of antebellum U.S. GDP came from slavery and cotton production.
  • Southern planters and slave owners were champions of capitalism. Abraham Lincoln wanted to move freed slaves to colonies because he was a racist.

None of this is remotely true.

To learn what is true, listen to Bill Walton’s conversation with Phil Magness who devastatingly debunks these claims. Phil, a Senior Research Fellow at AIER, is an economic historian specializing in the 19th century United States, who has written extensively on the political and economic dimensions of slavery and is the author of The 1619 Project: A Critique.

The truth is fascinating.

Reprinted from The Bill Walton Experience

Phillip W. Magness

Phil Magness

Phillip W. Magness is Senior Research Faculty and Director of Research and Education at the American Institute for Economic Research. He is also a Research Fellow at the Independent Institute. He holds a PhD and MPP from George Mason University’s School of Public Policy, and a BA from the University of St. Thomas (Houston). Prior to joining AIER, Dr. Magness spent over a decade teaching public policy, economics, and international trade at institutions including American University, George Mason University, and Berry College. Magness’s work encompasses the economic history of the United States and Atlantic world, with specializations in the economic dimensions of slavery and racial discrimination, the history of taxation, and measurements of economic inequality over time. He also maintains an active research interest in higher education policy and the history of economic thought. In addition to his scholarship, Magness’s popular writings have appeared in numerous venues including the Wall Street Journal, the New York Times, Newsweek, Politico, Reason, National Review, and the Chronicle of Higher Education.

Selected Publications

“How pronounced is the U-curve? Revisiting income inequality in the United States, 1917-1960” Co-authored with Vincent Geloso, Philip Schlosser, and John Moore. The Economic Journal (March 2022) “The Great Overestimation: Tax Data and Inequality Measurements in the United States, 1913-1943.” Co-authored with Vincent Geloso. Economic Inquiry (April 2020). “The anti-discriminatory tradition in Virginia school public choice theory.” Public Choice. James M. Buchanan Centennial Issue. (March 2020). “John Maynard Keynes, H.G. Wells, and a Problematic Utopia.” Co-authored with James Harrigan. History of Political Economy (Spring 2020) “Detecting Historical Inequality Patterns: A Replication of Thomas Piketty’s Wealth Concentration Estimates for the United Kingdom.” Social Science Quarterly (Summer 2019) “James M. Buchanan and the Political Economy of Desegregation,” Co-authored with Art Carden and Vincent Geloso. Southern Economic Journal (January 2019) “Lincoln’s Swing State Strategy: Tariff Surrogates and the Pennsylvania Election of 1860” Pennsylvania Magazine of History and Biography, (January 2019) “Are Adjuncts Exploited?: Some Grounds for Skepticism.” Co-authored with Jason Brennan. Journal of Business Ethics. (Spring 2017). “Estimating the Cost of Adjunct Justice: A Case Study in University Business Ethics.” Co-authored with Jason Brennan. Journal of Business Ethics. (January, 2016) “The American System and the Political Economy of Black Colonization.” Journal of the History of Economic Thought, (June 2015). “The British Honduras Colony: Black Emigrationist Support for Colonization in the Lincoln Presidency.” Slavery & Abolition, 34-1 (March 2013) “Morrill and the Missing Industries: Strategic Lobbying Behavior and the Tariff of 1861.” Journal of the Early Republic, 29 (Summer 2009).  

Books by Phillip W. Magness

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