Topic: Economic History

open vault

Competition Is the Path to Financial Inclusion

– July 8, 2019

Financial regulators appear to fear the creation of a few, small experimental entrants more than they fear the failure of the nation’s many, uber-risky megabanks.

READ MORE
breakfree

How to Do Reparations the Right Way 

– June 26, 2019

What African-Americans, poor whites, and Native Americans want, and what they need, is what Adam Smith called “a tolerable administration of justice.”

READ MORE
Emancipation

The Statistical Errors of the Reparations Agenda

– June 23, 2019

There is a great moral gravity to discussions of slavery. Academics owe the public an honest, accurate, and scientific assessment of slavery’s history, including its economic dimensions. Unfortunately, a key statistic being used in the reparations debate fails that test.

READ MORE
europeancommission

The Failure of Liberal Democracy in Europe

– June 16, 2019

What needs rethinking is not capitalism – much less the ideals of universal human rights and liberties – but the corruption of liberalism by a state that knows no limits to its powers.

READ MORE
inequality-coins

New Evidence that Soaring Inequality is a Myth

– June 14, 2019

Alarmists insist inequality is skyrocketing in the United States. A new measure of the top one percent’s wealth should temper that claim

READ MORE
UK-title

Don’t Trust Inequality Data: A Lesson from the UK

– May 28, 2019

The progressive zeal for higher taxes is distorting how they construct inequality statistics.

READ MORE
shutterstock_242816362

Freedom Is Why Immigrants Come to America

– May 21, 2019

The danger in American society today is not the arrival of new waves of immigrants from various other parts of the world compared to the past.

READ MORE
Screen Shot 2019-05-17 at 11

Two Grand Traditions in Financial History

– May 17, 2019

Before New York acquired its status as the financial center of the world, the honor of that title was reserved for London and, before then, Amsterdam for roughly a century each.

READ MORE
walledcitykowloon1

Stateless in the Walled City of Kowloon

– May 14, 2019

Are lovers of liberty ever to turn our faces toward the sun, standing on truly free soil? Remembering the Walled City of Kowloon should energize our determined, but peaceful, fight.

READ MORE
medicitomb

There’s No Such Thing as Socially Harmful Speculation

– May 10, 2019

Financial markets, including markets for complex instruments that may just look like speculative casino bets, allow important real transactions to occur. And in a brilliantly decentralized way, they bring into harmony people whose information, values, goals, and risk aversion differ.

READ MORE
pp_moresnet_karte1_gross

What if Government Suddenly Disappeared?

– May 7, 2019

The unknown history of Neutral Moresnet proves that there is an inverse relationship between the size and scope of government and the potential for both peace and prosperity.

READ MORE
MG_0502

We’re Still Making Diocletian’s Mistakes

– May 2, 2019

Diocletian may have greatly strengthened the Roman state, but that extra strength appears not to have dented poverty, inflation, or civil war. Today the instinct to increase state power to achieve desired outcomes is thriving on both sides of the aisle.

READ MORE