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The road not taken by Cuba, that of not having the revolution, is one on which the country would have been healthier and richer than it is now. This denial of human flourishing makes Cuba just like any other Communist regime, and thus the regime deserves only scorn.
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The atmosphere at AIER makes for a welcome contrast with the civic culture of division and anger that dominates politics and mainstream news. We are focused on the long term, and on truth and integrity as the desiderata of intellectual value.
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While Karl Marx has served as the supplier of the political slogans, the economist Michal Kalecki has provided the guidelines for the actual policy in many parts of the world.
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Canadian “robber barons” were exactly like the American robber barons: largely a myth.
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Neoliberalism is one of academia’s trendiest boogiemen. Do historians have the wrong origin story?
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The financial part of the Marshall plan was not the decisive factor in the West European recovery. What mattered was economic liberalization, relative monetary and fiscal stability, and the promotion of economic integration.
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In a new NBER working paper, Cory Cutsail and Farley Grubb offer a novel data set on North Carolina’s paper-money regime (1712-1774).
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What is needed is a much smaller government so that free individuals can be freer to make more of their own decisions in guiding their own lives rather than a big government with an “imperial” president arrogantly attempting to command and control them.
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In post-war Germany, Ludwig Erhard made the restoration of free trade a top priority. Above all, this meant getting rid of tariff walls.
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What theatergoers don’t entirely realize is that they are watching something even more wonderful than what they see. In this one ballet, we gain a picture of a prosperous world that emerged in the late nineteenth century, was shortly shattered by war and revolution, and then was nearly killed off by the political and ideological experimentation of the twentieth century.
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Harwood could not remain silent and still call himself a man of honor. He established AIER in response, an institution dedicated to the fight for integrity, sound money, and free markets. The confrontations with Washington continued over the decades.
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There is a solution to the rise of nationalism. That solution is self-determination. It would have worked after the First World War, had it been tried, and it will work today.
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