All Posts Tagged With: "war spending"
When the Government Took Over U.S. Investment
In the oft-quoted final chapter of The General Theory of Employment, Interest, and Money, John Maynard Keynes concluded that if we are to avoid a chronic tendency toward economic depression, the state will have to undertake, among other things, “a somewhat comprehensive socialisation of investment . . . though this need not exclude all manner [...]
1Sep2006 | Robert Higgs | 1 comment | ContinuedOur Presidents and the National Debt
Burton Folsom, Jr. is the Charles Kline Professor in History and Management at Hillsdale College. His book The Myth of the Robber Barons is in its fourth edition. During the last 75 years the United States has failed to balance its annual budget over 90 percent of the time. What’s worse, the government has spent money [...]
1Aug2006 | Burton W. Folsom Jr. | 44 comments | ContinuedJames Madison: The Constitutional War President
Is it possible for a president to run a war effectively and obey the Constitution at the same time? Most historians would say no; after all, they persistently rank Abraham Lincoln and Franklin Roosevelt as two of the nation’s greatest presidents. Lincoln and Roosevelt, as war presidents, centralized power, restricted liberty, and suspended key parts [...]
1Feb2003 | Burton W. Folsom Jr. | 0 comments | Continued-
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