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From the Introduction to  Cronyism: Liberty versus Power in Early America, 1607–1849. The present book is an economic and political history of early  America, describing government policies and their effects on marketplace activity. In particular, it is a history of cronyism: when the government passes policies to benefit special-interest

Patrick Newman, “Review of America’s Bank: The Epic Struggle to Create the Federal Reserve by Roger Lowenstein,” Quarterly Journal of Austrian Economics 19, no. 2 (Summer 2016): 192–99 Quarterly Journal of Austrian Economics 19, no. 2 (Summer 2016) “The problem with economic historians,” Murray Rothbard once quipped, “is that half of them are

Patrick Newman, “Review of Monetary Regimes and Inflation: History, Economics, and Political Relationships by Peter Bernholz, Second edition,” Quarterly Journal of Austrian Economics 19, no. 2 (Summer 2016): 187–91 Quarterly Journal of Austrian Economics 19, no. 2 (Summer 2016) The recent financial crisis of 2007–2008 generated a debate among