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Thomas Sargent places Patrick Newman in a tradition of American historians—Charles Beard, Forrest McDonald, Richard Hofstadter, and Murray Rothbard—who compress data and look for patterns in how the state is designed and managed. He draws the dividing line between those who read bad policy as unintended error correctable by better administration and those who see a government constituted with excessive powers that will inevitably serve some private interests at the expense of others, closing on Argentina’s industrial policies and their growing appeal among leaders of both US parties.
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Mark Thornton examines the rise of political violence in America, drawing on Robert Pape’s Our Own Worst Enemies and its warning that political violence has become increasingly normalized on both the left and right. Mark argues that the deeper cause is not simply “fractured legitimacy,” but the lo…
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Original article: https://mises.org/mises-wire/whistling-past-graveyard
Rothbard’s account of the war economy as a cartel run by the men it regulated. He traces the Council of National Defense and the War Industries Board, whose committees were staffed by the executives of the industries they governed; price-fixing set to guarantee a “fair profit” to high-cost produce…
Mortgage rates are at historically normal levels. They are not “too high.” On the other hand, home prices are too high after years of subsidy from artificially low rates and government intervention. The answer to the stagnating market is to cut prices.
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Against historians who treated the war as the death of progressive reform, Rothbard argues it was the culmination progressives had wanted all along. He traces the movement’s postmillennial pietist roots—a Protestantism bent on stamping out sin through the State—into wartime prohibition and the ant…
הצהרה: הפודקאסט והגרפיקה המוטבעים בדף זה הם מ-Mises Institute, שהוא רכושו של בעליו ואינו קשור או מאושר על ידי Listen Notes, Inc.
