castro

Castro’s Revolution on Its 60th Anniversary

– December 31, 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.

READ MORE
thegang

AIER, This Year and Next

– December 19, 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.

READ MORE
PM_1210

The Pejorative Origins of the Term “Neoliberalism”

– December 10, 2018

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

READ MORE
marshallplan

The Marshall Plan: Fiction and Facts

– December 7, 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.

READ MORE
Carolina

Paper Money in Colonial North Carolina

– December 5, 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).

READ MORE
mountrushmore

The Imperial Presidency Embodies Political and Economic Hubris

– November 28, 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.

READ MORE
chesscompetition

Play With Competitive Forces at Your Peril

– November 27, 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.

READ MORE
nutcracker

The Reason We Love The Nutcracker

– November 25, 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.  

READ MORE
mapofeurope

Ludwig von Mises on Liberalism, Nationalism, and Self-Determination

– November 21, 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. 

READ MORE
William_Crooks_1912

The Charming Luxury of Train Travel

– November 12, 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.

READ MORE
brettonwoods

What Happened at Bretton Woods?

– November 1, 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.

READ MORE
Vlad the Impaler

The Economics of Dracula

– October 31, 2018

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

READ MORE