Hamilton’s tariffs sought to maximize revenue, not help domestic manufacturing interests.
Robert E. Wright
Robert E. Wright is the Nef Family Chair of Political Economy at Augustana University in Sioux Falls, South Dakota. He is the author of 18 books, including a new book on financial exclusion published by AIER.
Federal Deposit Insurance Corporation (FDIC): No Banking System Savior Then or Now
Scaling back deposit insurance, combined with a credible policy of putting failure costs onto their rightful owners, stockholders, instead of onto taxpayers is the proper solution to preventing mass bank failures.
Faucism’s New Deal Origins
Faucism combines control over financial resources and information with a carefully cultivated cult of personality.
The Power to Regulate Is the Power to Control
The power to tax or to regulate is also the power to control, not just in the supposed “public interest” but in the interest of the regulators themselves, or specific politicians, or the government more generally.
Privatize Disaster Relief
The better approach to disasters relies on private initiative, markets, and insurance instead of ineffective government bureaucracies and bloated budgets. Every aspect of disaster relief can be privatized, or rather re-privatized, and should be, if policymakers want to save lives and money.
Government Scientific Agency Oxymoron
Science cannot flourish under state direction, funding, and control.
Deregulation Can Reduce The Costs of The American Health Care System
Three simple reforms: (1) posted prices for procedures; (2) Goodman-esque health savings accounts and high-deductible insurance; (3) age rather than community rating.
The Legacy of Alexander Hamilton
Hamilton did not as treasury secretary implement, or espouse, any system of protective tariffs or bounties.
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