John Locke, the Protestant Scholastic, was essentially in the hard-money, metallist, anti-inflationist tradition of the Scholastics; his opponents, on the other hand, helped set the tone for the inflationist schemers and projectors of the next century.
Mises (1881–1973) is one of the sleeping giants of the 20th century. For many decades he was the leader of the Austrian School of economic and social thought but he is scarcely a household name, even among economists and classical liberals.
One of Josiah Child’s main deviations from free-market and laissez-faire doctrine was to agitate for one of the favorite programs of the merc
John T. Flynn was, if not the very first, then one of the very first few, of the revisionist journalists to write about the New Deal, focusing on both its domestic and its foreign policies. He is the beginning of historical revisionism where the New Deal is concerned.
One of Josiah Child's main deviations from free-market and laissez-faire doctrine was to agitate for one of the favorite programs of the mercantilists — to push the legal maximum rate of interest ever lower. Formerly discredited "usury laws" were making a comeback on faulty economic rather than natural-law or theological grounds.
The question of questions for the politician should ever be "What type of social structure am I tending to produce?" But this is a question he never entertains, even though vast evidence exists that all legislation expands beyond its original intent.
The more historians and publicists worshiped and adored the greatness and the majesty of Franklin Roosevelt, the more they scorned his predecessor as the dour man in the high collar who tried but failed to thwart the nation's ascension to paradise.
He understood economic relationships, and he saw that such economic concepts as scarcity, price, profit, and investment have implications that go far beyond the scope of economic behavior as ordinarily represented in works of "economic" or "social" fiction.
What if a president took a different direction and sought popularity by expanding rather than reducing liberty?
If we were to award a prize for “brilliancy” in the history of economic thought, it would surely go to Anne Robert Jacques Turgot, the
