Tag: History

Governor Stevens and I »

When Governor Isaac Stevens went around Puget Sound in the mid-1850s making treaties with the Indian tribes to clear the way for an anticipated influx of whites, he found again and again that asking for the tribal chief got him nowhere. The Indians would look around and shrug their shoulders. They had no chiefs....
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The Independent Review—Winter Issue Now Available »

The winter 2014 issue of The Independent Review is hot off the press! This edition of the Independent Institute’s 160-page scholarly journal includes a stimulating mix of timely topics and enduring themes, including a symposium on Nobel laureate economist James M. Buchanan and classical liberalism. Read it and gain a deeper understanding of the...
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You Didn’t Build That Business, and You Don’t Run It, Either »

During the 2012 campaign, President Obama famously said, “If you’ve got a business, you didn’t build that, someone else made it happen.” And now, it appears, if you’ve got a business, someone else makes what you do with it happen, too. Imagine you’re a Jewish tailor, the child of holocaust survivors. Into your shop...
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Money for Nothing: Inside the Federal Reserve »

I taught Money and Banking for 40 years at Ohio State and before that at Boston College, and never once used a movie in class. However, after viewing Jim Bruce’s new documentary, Money for Nothing: Inside the Federal Reserve last night at the Museum of American Finance, I would not hesitate to use this...
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Happy Birthday, Walter Grinder! »

http://www.amazon.com/exec/obidos/ASIN/B0026HQYSW/theindepeende-20/002-6508816-9461647

Thinking Is Research, Too! »

Bill Parker, an old friend of mine who died in 2000, was director of graduate studies in economics at Yale for thirteen years. He told me once about his struggles with his colleagues, who, he believed, were spending too much time on technique and not enough time on substance in teaching their courses. The...
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New Book Exposes the ‘Terrible 10′ Worst U.S. Economic Policy Mistakes »

Despite enjoying impressive economic growth over the past century, Americans have also been the victims of scores of stupid government mistakes that have made them poorer. For many the blunders led only to temporary setbacks, but for others the errors created life-altering disasters from which they never recovered. In the new book The Terrible...
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Creative Destruction—The Best Game in Town »

In his justly famous 1942 book Capitalism, Socialism and Democracy, Joseph A. Schumpeter described the dynamics of a market economy as a process of “creative destruction.” In his view, innovation—“the new consumers’ goods, the new methods of production or transportation, the new markets, the new forms of industrial organization that capitalist enterprise creates”—drives this...
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NSA Spying Threatens Law-Abiding Americans »

I was talking with an older German citizen about the NSA’s data collection program that has recently been the subject of much debate. He worked for the East German government during the Cold War and viewed the NSA’s activities as similar to the Stasi’s under communist rule, but potentially more threatening. The argument often...
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The U.S. Empire’s Shameful Multiplier Effect »

Let X = number of persons who died in the USA as a result of the 9/11 attacks. X ≈ 3,000. Let Y = number of persons who have died in Afghanistan, Iraq, and Pakistan as a result of direct war violence associated with the U.S. attacks and occupations since 9/11. Y ≈ between...
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