Topic: Economic History

Tax Strike!

– April 2, 2023

“For political reasons, the beefed-up IRS probably will not cause serious trouble until processing 2024 returns in 2025. Unless, that is, taxpayers rebel the only way they still can, via the electoral process, starting with candidate selection.” ~ Robert E. Wright


John Cowperthwaite: An Underappreciated Champion of Economic Development?

– March 31, 2023

“This nuance, while it may dampen any classical liberal’s affection for John Cowperthwaite, should only reinforce one’s commitment to the principles of a free society as instruments of development and progress.” ~ Vincent Geloso


Politics, Not Markets, Makes Banking Unstable

– March 29, 2023

“Banking reform should rank high on our list of policy priorities, but moving away from fractional reserves shouldn’t be a part of the conversation.” ~ Alexander William Salter


Monetary Policy and that Old-Time Fiscal Religion

– March 26, 2023

“Nominal income targeting can potentially restore the old-time fiscal religion. Like the classical gold standard, this approach stabilizes total spending in the economy, rendering counter-cyclical fiscal policy unnecessary and ineffective.” ~ Bryan P. Cutsinger & Louis Rouanet


FDIC: No Savior Then or Now

– March 19, 2023

“It is not clear that some sort of enhanced stockholder liability has yet returned to the Overton Window, but it is possible that Americans will point out the hypocrisy of the Biden administration’s raising taxes on the rich with one hand while bailing them out with the other.” ~ Robert E. Wright


Slavery and the 1619 Project: Phil Magness on Words & Numbers (Part Two)

– March 11, 2023

“Phil Magness joins AIER Senior Editor James Harrigan and Antony Davies on the Words & Numbers podcast to discuss how the 1619 Project gets the history of, and the relationship between, slavery and capitalism wrong.” ~ AIER


The Tooth-Fairy Economics of Slavery Reparations

– March 7, 2023

“If the US government tried to implement the reparations program that the 1619 Project espouses, we would get huge increases in both taxes and inflation. Yet the key economist advising on this proposal denies that any taxes would have to increase.” ~ David R. Henderson and Phillip W. Magness