Economic History
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Academic Lies about Free-Market Economists
“They treat history as ‘an armoury from which to ransack politically expedient weapons.’ In the process of that ransacking, they cross the line into willful misrepresentations of their source material, all in the service of a modern-day political cause. ” ~Phillip W. Magness
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Nothing Was “Normal” on the Other Side of the Wall
“Nothing was ‘normal’ about the totalitarian life in socialist GDR, if by ‘normal’ we mean pursuit of human happiness and fulfilment.” ~Robertas Bakula and Luis Carlos Araujo Quintero
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Corporatism and Convict Leasing in the American South
“This was not a product of capitalism, it was the direct consequence of government’s colluding with business to prevent a market for labor.” ~Marcus M. Witcher and Patrick Schmucker
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Entrepreneurs Thrived During America’s Free Banking Era
“Entrepreneurs thrived during the era of free banking in the United States, even with restrictive banking laws, which handicapped private banks from being more efficient.” ~ Michael N. Peterson
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Locked Down: What Do We Really Need Collective Action For?
“Locke’s view, reflected in our Founding documents, is that preserving our freedoms requires one type of collective action: the preservation of our rights. No more. Actions beyond that benefit some at the expense of others.” ~ Gary M. Galles
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What Is the New Deal with the New Deal?
“The tide of historiographical battle may finally turn and with it many old canards about the culpability of the gold standard, stock shorting, greed, and so forth in the downturn.” ~ Robert E. Wright
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In the Land of the Free, Americans are Still Fighting for the Freedom to Pump Gas
“The claim that pumping fuel is some kind of safety hazard is of course even sillier today than it was in 1949.” ~ Jon Miltimore
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Adam Smith Provided a Moral Foundation for Workers’ Freedoms
“The moral proposition is that it is good for individuals to be free to work and contract as they choose. The economic proposition is that such freedom generates spectacular wealth.” ~ David McGarry
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Where Did Early 20th Century Japan Go Wrong?
“Japan embraced economic liberalization for some time, but lacked the necessary liberal political institutions that could sustain an open economy and temper overseas aggression.” ~ Jedediah Pida-Reese
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Critical Theory and The Frankfurt School: The Neo-Marxist Roots of WOKE
Kate Wand invites Phil Magness to discuss the origins of critical theory, which is a neo-Marxist school of thought born in the Frankfurt School in 1923.
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Individualism and ‘Neon Genesis Evangelion’
“Collectivist ideologies are ultimately nothing but fantastical escapes from reality, filled with promises of freedom from scarcity and alienation in one’s work.” ~ Jedediah Pida-Reese
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The Surprising Beneficiaries of American Slavery
“The late economist Walter E. Williams said that slavery was the worst thing ever to happen to his ancestors, but the best thing ever to happen to him.” ~ Charley Hooper and David R. Henderson
