“The fear fueling this increase in the demand for gold is that the “unsinkable” ship of state has been so compromised by debt that it now risks slipping under the waves.” ~Clifford F. Thies
READ MORE“Believing that human nature is flawed and selfish, the colony leadership should have known that any system based on voluntary goodness was bound to fail.” ~Will Sellers
READ MORE“Before the 1770s, liberal meant generous, munificent, as in “with a liberal hand,” or tolerant and befitting a free man, as in liberal arts and liberal sciences. Those meanings were not political.” ~Daniel Klein
READ MORE“The Monroe Doctrine sought to express the consensus of American sentiment about its view of its place in the world. Americans wanted to limit involvement with the politics and factious belligerence of Europe.” ~Will Sellers
READ MORE“Given that the first era of globalization is tied in the imagination of many to rising and converging living standards, this argument amounts to saying that living standards could have surged earlier had free trade been more popular.” ~Vincent Geloso
READ MORE“After the First World War in Germany, peace came with hyperinflation, which obliterated all wealth. The bonds of civilization fray during hyperinflation.” ~Barry Brownstein
READ MORE“Wasteful uses of resources necessarily result in some economic opportunities that are possible being rendered impossible. What were these foregone opportunities?” ~Donald J. Boudreaux
READ MORE“Each film contains a large dose of middle-American values magnified time and again against the traps and situations of a complicated impregnable bureaucratic world. And in each case, the little guy wins.” ~Will Sellers
READ MORE“By keeping prices down, and outputs and product varieties up, trade makes every dollar earned go further.” ~Donald J. Boudreaux
READ MORE“US history instruction, including at the college level, is badly out of sync with the scholarly literature on the Great Depression. History textbooks show little cognizance of the leading economic explanations for this famous event.” ~Phil W. Magness
READ MORE“In 1954, Harwood testified in the US Senate about the ‘advantages of returning to the full gold standard with the nation’s currency redeemable in gold coin on demand,’ as it had been throughout most of the nation’s history before the New Deal.” ~Robert E. Wright
READ MOREIn this episode of Liberty Curious, Kate Wand sat down with Phillip W. Magness to discuss the true implications of tariffs and protectionism and how they have shaped America’s economic landscape.
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