Monday, December 31st, 2018

The road not taken by Cuba, that of not having the revolution, is one on which the country would have been healthier and richer than it is now. This denial of human flourishing makes Cuba just like any other Communist regime, and thus the regime deserves only scorn.

Wednesday, December 19th, 2018

The atmosphere at AIER makes for a welcome contrast with the civic culture of division and anger that dominates politics and mainstream news. We are focused on the long term, and on truth and integrity as the desiderata of intellectual value.

Monday, December 10th, 2018

Neoliberalism is one of academia's trendiest boogiemen. Do historians have the wrong origin story?

Friday, December 7th, 2018

The financial part of the Marshall plan was not the decisive factor in the West European recovery. What mattered was economic liberalization, relative monetary and fiscal stability, and the promotion of economic integration.

Thursday, December 6th, 2018

In a new NBER working paper, Cory Cutsail and Farley Grubb offer a novel data set on North Carolina’s paper-money regime (1712-1774).

Wednesday, November 28th, 2018

What is needed is a much smaller government so that free individuals can be freer to make more of their own decisions in guiding their own lives rather than a big government with an “imperial” president arrogantly attempting to command and control them.

Tuesday, November 27th, 2018

In post-war Germany, Ludwig Erhard made the restoration of free trade a top priority. Above all, this meant getting rid of tariff walls.

Sunday, November 25th, 2018

What theatergoers don’t entirely realize is that they are watching something even more wonderful than what they see. In this one ballet, we gain a picture of a prosperous world that emerged in the late nineteenth century, was shortly shattered by war and revolution, and then was nearly killed off by the political and ideological experimentation of the twentieth century.

Wednesday, November 21st, 2018

There is a solution to the rise of nationalism. That solution is self-determination. It would have worked after the First World War, had it been tried, and it will work today. 

Monday, November 12th, 2018

The Hudson train station is especially charming. Indoors features lots of woodwork with a ticket window with iron bars and an old sign above it that says: TICKETS. There are benches around the periphery. You expect to meet an old guy there who is complaining about the policies of President Harding.

Thursday, November 1st, 2018

At the end of the Second World War, the United States assumed the helm of global leadership at the international monetary conference at Bretton Woods in the New Hampshire in 1944. The purpose of this conference was to determine the principles of the postwar currency regime.

Wednesday, October 31st, 2018

Vlad the Impaler and his literary incarnation — Count Dracula — have real historical roots in a dark period of economic nationalism.

Wednesday, October 24th, 2018

Voting may be many things, but the least of them is self-expression. Conceding the sufficiency of multi-billion dollar political contests among highly vetted, meticulously-coached candidates is a guaranteed road to self-negation.

Monday, October 22nd, 2018

Light, as we know it today, is a commodity. That would not have been possible without the institutional prerequisites — freedom to create, own, and exchange — that built the modernity we too often take for granted.

Sunday, September 23rd, 2018

"Without entirely knowing what we were doing, that in the course of a few decades, we replaced a view of the human project that was inspired by choice, personal ambition, and individual achievement with a completely different view that insists that aspiration is utterly pointless and probably even dangerous." ~ Jeffrey Tucker 

Wednesday, September 19th, 2018

If the classical liberals of that earlier time could defeat the prevailing beliefs and vested interests supporting human slavery, after its existence for all of human history, some of us believe the same can be done against the existing system of collectivism, interventionism, and welfare statism in both their authoritarian and democratic forms.

Thursday, September 13th, 2018

The political persecution of Harwood appears to have originated in the highest ranks of the Roosevelt Administration. As Harwood later recounted, an investigator showed him a copy of the Bulletin containing a handwritten directive to “investigate and stop this.” It was signed by Lauchlin Currie, a former Harvard professor who became Roosevelt’s chief adviser on economic affairs in 1939

Tuesday, September 11th, 2018

"While we sit around wondering why blockchain and other technologies aren’t turning the world upside down before our very eyes, it’s instructive to remember that epoch-defining inventions of the past that we now reduce to a sentence or two actually took ages to unfold." ~ Max Gulker

Thursday, September 6th, 2018

The real story of New Deal income tax policy is a revenue grab sustained by the expansion of income tax eligibility and enforcement onto the masses.

Monday, November 24th, 2008

This time of the year is when we gather with our family and friends and enjoy a Thanksgiving meal together. What is less appreciated is that Thanksgiving also is a celebration of the birth of free enterprise in America.