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In the newest issue of American Affairs to see the light of day after 60 years, Garet Garrett once again carries the day: There are only two kinds of planned economy; and for all they may have, or seem to have, in common, there is yet a very simple way in which one kind may be distinguished from the other. You have only to ask: What is done with

Woodrow Wilson’s speech on postwar reconversion, As printed in American Affairs, V7, n 4 . From the Message of President Woodrow Wilson to the Congress on Dec. 2, 1918 “SO FAR as our domestic affairs are concerned the problem of our return to peace is a problem of economic and industrial readjustment. “Our people do not wait to be coached and led.

And it’s is commercially viable.

It’s been a kick digging up all these lost books by Garet Garrett. What amazing insight he had in economics and politics! It turns out that he wrote a book in 1932 called The Bubble that Broke the World , now online . It is as the title suggests: a full scale analysis of the stock market crash, which he blames not on capitalism and market-driven

While panelist from The Onion debate this issue , deleterious economic policies in the real world can have a profound impact on the growth, stagnation and decline of wealth and well-being. For instance, Mugabe has single handedly set Zimbabwe’s standard of living back to pre-Industrialized levels. ( 1 2 ) Furthermore, strict adherence to

This interview was a great pleasure:

It was this very day that I was telling some visiting students about the silliness of the old populist silver movement of the late 19th century, how they ridiculously believed that all economic troubles could be solved if only the government would print more money — not realizing that more money only means watering down the value of the existing

This review by Ira Katz of Lafayette College is pending at Amazon.com Great lives make great biographies. If only this were always true. One problem is that many biographies, including very long books, are written about the mediocre, or even the boring (think of politicians). Another problem is that so often a hash is made of the effort to explain

I’m blogging only because I couldn’t get a seat at the Ron Paul luncheon today, held as part of the 25th anniversary celebration in New York. It seems that hundreds of people have been hanging out in the streets outside the hotel here in Grand Central station, in hopes have seeing Ron. It is only a slight look at the excitement that his campaign