Topic: Economic History

The Monroe Doctrine Turns 200

– December 10, 2023

“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


What if the First Great Age of Globalization Began 100 Years Earlier?

– December 9, 2023

“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


Why Ordinary People Enable Totalitarians, Part 1 

– December 7, 2023

“After the First World War in Germany, peace came with hyperinflation, which obliterated all wealth. The bonds of civilization fray during hyperinflation.” ~Barry Brownstein


What Might Have Been

– December 3, 2023

“Wasteful uses of resources necessarily result in some economic opportunities that are possible being rendered impossible. What were these foregone opportunities?” ~Donald J. Boudreaux


Frank Capra’s Timeless Vision of American Exceptionalism

– December 2, 2023

“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


The Jobs You Don’t Want to Be Destroyed By Trade Were Created By Trade

– November 13, 2023

“By keeping prices down, and outputs and product varieties up, trade makes every dollar earned go further.” ~Donald J. Boudreaux


College History Textbooks spread Misinformation about the Great Depression

– November 10, 2023

“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


Gobbledegook! The Bretton Woods System of Fixed Exchange Rates According to E.C. Harwood

– November 6, 2023

“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


The Original MAGA: Tariffs, Trade, and the True Cost of Protectionism

– October 27, 2023

In 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.


What is a Pencil?

– October 15, 2023

“The spontaneous order produced in a market or, in this case, the outcome of a market process that standardizes what a pencil means, is only defined as the process unfolds.” ~Byron B. Carson III


Podcast: Did the 2008 Financial Crisis Ever Really END? 

– October 13, 2023

Paul Mueller recently joined AIER as Senior Research Faculty. He spoke with Kate Wand and Liberty Curious to discuss the 2008 Financial Crisis: “Everything we’re seeing around us is a fallout from that crisis.”


How Little Mound Bayou Became a Powerful Engine for African American Civil Rights and Economic Advancement

– October 9, 2023

“Many African Americans carefully kept track of events in the town, seeing it as a test case for Booker T. Washington’s theory that a prerequisite for political rights was the slow accumulation of economic power.” ~David Beito