Topic: Economic History

Economic History, Free Markets, Government

Ludwig Erhard: Architect of a Miracle

– September 26, 2022

“Erhard’s legacy was forged in the decade and a half after the war’s end. He forever answered the question ‘What do you do with an economy in ruins?’ with the simple, proven recipe: ‘Free it.’” ~ Lawrence W. Reed

Central Banking, Economic History, Government

Fed Up With the Fed

– September 25, 2022

“The Hamilton-Bagehot rule was superior to the modern Fed practice of flooding the markets with cheap money because it allowed insolvent firms to go bankrupt while supplying emergency loans to troubled but solvent companies.” ~ Robert E. Wright

Economic History, Financial Markets, Video

What Is Financial Literacy and Why Is It Important? (Video)

– September 23, 2022

“On this episode of Liberty Curious, Robert Wright, historian and Senior Research Faculty at AIER, joins Kate Wand to discuss his new book: Fearless: Wilma Soss and America’s Forgotten Investor Movement.” ~ AIER

Economic History, Government, Regulation

4,000 Years of Failed Price Controls

– September 23, 2022

“The people of ancient Eshnunna can be forgiven for not understanding why setting the price of a kor of barley at a shekel of silver was a harmful policy. Today’s policymakers, who have the benefit of history and economics, have no excuse.” ~ Jonathan Miltimore

Economic History, Free Markets, Government

Polycentric Voluntarism Unbound: The Case for Nano Nonprofits

– September 21, 2022

“By restoring the ability of its citizens to solve their own problems in their own ways, the American nation will remain imperfect, but a far better place than it is currently.” ~ Robert E. Wright

Economic History, Free Trade, Government

Mercantilist Follies, Then and Now

– September 21, 2022

“Mercantilism encouraged governments to create and prop up inefficient domestic sectors, and incentivized merchants to curry favor with governments to extract privileges from them.” ~ Samuel Gregg

Economic History, Government, Monetary Policy

Volcker and the Great Inflation: Reflections for 2022

– September 20, 2022

“Volcker’s victory over runaway inflation was not permanent, because the temptation to governments and their central banks of excessive printing, monetization of government deficits, and levying inflation taxes is permanent.” ~ Alex J. Pollock

Crisis, Economic History, Government, Regulation

The Road to Serfdom is Paved by Conservatives

– September 13, 2022

“While once at least paying lip service to limited government, fiscal prudence, and personal responsibility, conservatives now ignore the size of government and fiscal responsibility.” ~ Veronique de Rugy

Crisis, Economic History, Free Markets, Government

The Maldistribution of Wealth

– September 10, 2022

“A system based on voluntary exchange is much more equitable than the system sought by progressives, who want to perpetuate and expand the maldistribution system where a small percentage of the population loots the rest under the guise of law.” ~ Robert E. Wright

Economic History, Government, Inflation

There Is No Such Thing As Wage-Driven Inflation

– August 31, 2022

“Friedman’s pouncing on Heller has, unfortunately, had no effect on American journalists. News shows and economic commentators still repeat variants of the claim made by Heller: Rising wages will contribute to inflation.” ~ Vincent Geloso

Crisis, Economic History, Government, Monetary Policy

Price Stability First

– August 22, 2022

“The best the federal government can do right now is to announce that no major policy changes will be implemented until the Federal Reserve gets inflation under control.” ~ Robert E. Wright

Economic History, Inflation, Monetary Policy

No, This Is Not 1970s Style Stagflation

– August 19, 2022

“The FOMC’s current policy stance has precipitated a recession that may modestly deepen as it tardily-but-effectively pursues its commitment to restraining inflation.” ~ James L. Caton