Did World War II spending boost economic growth? Although some statistics appear to affirm this, wiser historical analysis demonstrates that artificial increases in output during the war masked a debilitated private economy. Meaningful growth increased after the war, when free-market mechanisms returned and marginal tax rates were reduced. Gross national …
This month marks the 70th anniversary of the attack on Pearl Harbor and the U.S. declaration of war on Japan, Germany and Italy. December 1941, according to historian Craig Shirley, transformed America in ways that might be unimaginable today. In a new book called “December 1941: 31 Days that Changed …
Make sure to listen to a recent radio interview with Nicholas Wapshott, author of the new book, “Keynes Hayek: The Clash That Defined Modern Economics.” What was the relationship between Keynes and Hayek really like? Why did Keynesian thought dominate from WWII until 1980? Why did Hayekian thought dominate from 1980 …
The national convention of the American Legion joins a long list of Americans of all political views in condemning inclusion of a bust of the Soviet dictator Joseph Stalin at the National D-Day Memorial in Bedford, Va. Some 3,000 delegates last week adopted a resolution saying the Stalin bust “flies …
The United States is a maritime nation. The military is the nation’s guarantor of freedom of the seas and protector of global sea lines of communication. The military ensures the safe transit of international commerce along trade routes that allows our local grocery store and Wal-Marts shelves to remain stocked …
From our friends at Reason.tv [youtube]http://www.youtube.com/watch?v=d7oBeQ4Y6xo[/youtube]
