The word over time became corrupted, and still is to a great extent, by people who try to enlist their pet cause in the idea. But nothing can take away that great first principle of liberalism: that society can manage itself to bringing dignity to the lives of individuals and communities without overlords scripting and planning.
Outdated intellectual property (IP) laws severely restrict the production of books and material that should be easily accessible to the public.
Apparently nobody, not even the Gray Lady, rigorously fact checks anymore. Or is it that only books reviewed in a few elite outlets count and none happen to critique finance from the non-left? Heck, I can almost hear the editors ask themselves: Only people on the left write the right kind of books, right?
Harwood could not remain silent and still call himself a man of honor. He established AIER in response, an institution dedicated to the fight for integrity, sound money, and free markets. The confrontations with Washington continued over the decades.
By making these lost Spooner treatises available again after more than a century in seclusion, it is my hope that they will both further our historical understanding of the time in which they were written and offer relevant insights to the evolution of economic ideas in the present day.
This remarkable book was published in 1932. E.C. Harwood’s ideas about inflation and the business cycle have relevance for our knowledge and for policy discussions today.