There was a sea change in money and banking in the U.S. as a result of the Civil War. Government became the primary regulator. Metal coins gave way to paper. Mistakes of one bank infected others – it was contagion. Southerners were left bankrupt. Many desired the free minting of silver coins because the gold coins were so dear. The Wizard of Oz
Black reconstruction after the Civil War did much better than the dire predictions made. The black population recovered quickly. Many moved to urban areas. They deliberately had fewer children. Mortality declined. Income increased. No government assistance was handed out. Black women became homemakers and educators. Most of the former slaves
This article published in the Monthly Review, March 2005 , meaning this year, not a century ago: “The only solution, as difficult as this may be to contemplate at the present time, is socialism; socialism, that is, as the socialist movement always meant it to be: revolutionary, democratic, egalitatarian, environmental, necessitating mass
Jacques Chirac seems to be on the verge of waging all out war against the gravest possible threat to his country: ultra-liberalism (hint: that’s what Misesians favor). He has announced that ultra-liberalism is the “communism of our time” because it poses a threat the Euro social model in which politicians and bureacrats run people’s lives. Good
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.