Even though President James Monroe could not fix the economy or dismiss the Missouri question, he could certainly distract the nation from its problems. In his second inaugural address, he gleefully announced a new target for American anger: The British were not allowing free trade between the United States and the English-occupied West Indies. [...]
The First Bank of the United States influenced much more than mere economics. Many scholars indeed believe that divisions caused by the Bank led to the creation of the first real political divisions in the country. By the standards set by the Second Bank of the United States, the First Bank was tame. The [...]
Many people are unfamiliar with the “American System,” the policy of protection as the bulwark of industrial independence, and the foundation of American development and prosperity. A return to the American System would be a major step toward increasing prosperity and restoring the traditional social order in the United States. When Donald Trump spoke [...]
Those of us who bemoan the “death of the liberal arts” do not do so simply because the jobs of professors are at stake, but because we believe that liberal learning is the only fit preparation for any portion of life—especially one that involves responsibility for the common good. Those of us who have [...]
In the early seventeenth century, gentlemen adventurers and common tradesmen voyaged to Jamestown and established the first permanent English settlement in North America. They were free and independent Englishmen who risked their lives and fortunes to brave the dangers of the New World for personal profit and the glory of England. […]
There can be no freedom absent some authority. Conservatives and libertarians alike may locate that authority in mediating institutions of modest size, recognizing the importance of consent and localism, family and place, to good government. Sir Roger Scruton’s example shows that certain conservative cultural conditions enable market-based economies to flourish. The room is alive with [...]
What is perhaps most distressing of all the revelations of frailty and incompetence beneath the former veneer of progress, is the recognition that mankind has very little idea of how to solve problems apart from throwing money at them. The past few months have turned the world as we knew it upside-down. Civil liberties, [...]
When the government began to define “essential” services, I began to question the relationship between man and his labor: Does man simply work to provide the means to live for his household or does he engage in work for its own sake? The rising unemployment numbers, which of course is the natural consequence of [...]
What does this deliberate decision to shut down the country and carpet-bomb our own economy, upon which we all depend, tell us about what we Americans value? For each American lost to the pandemic, 1,000 Americans have lost their jobs because of conscious and deliberate decisions of the president and 50 governors. Some 60,000 citizens, [...]
My initial skepticism about the way in which we have dealt with this real but exaggerated threat has only grown. In fact, the lockdowns and the shuttering of our medical and economic system have now become a greater threat than the disease itself. After my essay on conservative skepticism about both the severity of [...]
The massive impact of the coronavirus has led to more than half of U.S. states imposing lockdown restrictions on social contact and gathering. Many states have also ordered closure of all “nonessential businesses.” The problem of course, is what defines an “essential worker.” The massive impact of the coronavirus has led to more than [...]
In our age of clickbait and hyperbole, people call things “unprecedented” that are not unprecedented at all. Public officials shamelessly brag that the nation’s recent economic growth is unequaled. (It’s not.) Broadcasters breathlessly report that today’s anxiety over the stock market is unheard of. (Actually the number of suicides after the Crash of 1929 [...]
When set in motion, panic does not care what is in the way of its mad flight. All must be sacrificed—economy, society, and even worship—in the name of irrational fear. Moreover, it proves difficult to stop. What is missing in our reaction to the coronavirus pandemic is wisdom. In the face of the coronavirus [...]
Wilhelm Röpke asked how to address the problems of social fragmentation and the loss of community feeling, in a world where the market is left to itself. Röpke’s own idea was that society is nurtured and perpetuated at the local level, through motives that are quite distinct from the pursuit of rational self interest. [...]