The Reconstruction Finance Corporation (modeled after the earlier War Finance Corporation) was created in early 1932 under the Hoover Administration as what amounted to the “discount lending” facility of the Federal Reserve System: it would lend to financial institutions chartered by states and in rural areas.
History
New York Times’ Politically Weaponized 1619 Project: An Epitah
The reputation of the 1619 project’s other essays, many of them entirely unobjectionable adaptations of scholarly insights for a popular audience, has suffered because of the NY Times’ inflexible refusal to address erroneous historical claims in the essays by Hannah-Jones and Desmond.
What 1619 Project’s Critics Get Wrong about Lincoln
While Lincoln’s colonization remarks grate the modern ear, and evince a patronizing paternalism toward the program’s intended participants, they also reflect the sincerity of his anti-slavery beliefs and an accompanying recognition that white-supremacist violence would not end with the formal abolition of the institution.
A More or Less Perfect Union
Ginsburg explores the U.S. Constitution and features interviews with and gains the perspectives from constitutional experts of all political views — liberal, conservative and libertarian.
FDR and Stalin Planned the Future of the World
Seventy-five years have now passed since that fateful meeting at Yalta. Stalin, who helped Hitler start the Second World War, reaped his reward at the end of it: Soviet domination of Eastern Europe, at the cost of terror and tyranny for all the people who were forced to live in the “socialist paradise” for almost half a century following the end of the war in 1945.
John Stuart Mill on Slavery, Secession and the Civil War
One of the most heated and controversial issues today concerns the place of slavery in the history of the United States, and attitudes toward the institution of human bondage in the Western world in general.
The Legacy of Alexander Hamilton
Hamilton did not as treasury secretary implement, or espouse, any system of protective tariffs or bounties.
The Strange World of Ivan Ivanov
A short yet hard-hitting indictment of the economic and political repression that so often follows from attempts to structure a society around Marxist ideology and centralized economic planning.
Fact Checking the New York Times’ 1619 Project and Its Critics
Was the American Revolution fought in defense of slavery? Was Abraham Lincoln a racial colonizationist or exaggerated egalitarian? Did slavery drive America’s economic growth and the emergence of American Capitalism? Did the 1619 Project seek adequate scholarly guidance in preparing its work?
1619 Project “New History” of Capitalism Collapses Under Scrutiny
Far from representing non-white scholarly voices and introducing challenges to a previously stagnant historiography of slavery, the NHC school is actually a stunning embodiment of everything it charges against its critics.
Andrew Carnegie: An Intellectual Capitalist
Wealthy capitalist Andrew Carnegie (1835-1919) was an indefatigable steel tycoon—and he was also intellectual.
The Black Book of Communism: Crimes, Terror, Repression
When The Black Book of Communism: Crimes, Terror, Repression appeared originally in France in 1997, it caused a firestorm of controversy.
Thanks, Private Property!
Families will argue this Thanksgiving. Such arguments have a long tradition. The Pilgrims had clashing ideas about how to organize their settlement in the New World. The resolution of that debate made the first Thanksgiving possible. The Pilgrims were religious,...
Millennials for Communism
The horrors of Nazism, Stalinism, and Maoism did not begin in the ’20s, ’30s and ’40s. Those horrors were the result of a long evolution of ideas leading to a consolidation of power in the central government in the quest for “social justice.”
The Meaning of the Berlin Wall
On this 30th anniversary of the fall of the Berlin Wall, we should remember all that it represented as a symbol of tyranny under which the individual was marked with the label: property of the state.
Lighthouses Were Private Until Government Took Them Over
There was nothing inherent to the lighthouse that made it a public good. It became a public good because government regulation made it so.
Correcting The “1619 Project”: America is Not A Democracy
In addition to not understanding our Constitution, Hannah-Jones’ article, like in most discussions of black history, fails to acknowledge that black Americans have made the greatest gains, over some of the highest hurdles in the shortest span of time than any other racial group in mankind’s history.
America Was Made Poorer Because Of Slavery
America was not made richer from slavery. America was made poorer by slavery.
How Capitalist-Abolitionists Fought Slavery
Interest in the history of American capitalism is on the rise, although curiously this line of study is being advanced for anticapitalistic ideological reasons.
The Pinochet Slur Against Free Market Scholars: Academic Repetition of a Lie
In each and every case, the aforementioned authors carelessly repeat a claim that they want to believe and that affirms their political priors. No effort is made to check sources or investigate whether the claim itself is reputable.
Alexander Hamilton’s Liberalism: Distinguishing Fact and Myth
Hamilton is an Enlightened, classical liberal, a more consistent champion of rights and liberty than any other Founder, thus an inspiring model for contemporary friends of liberty.
The Mythology Behind The Dishonest “New History of Capitalism” Slavery Smear
Edward Baptist, Ta-Nehisi Coates, and others of the “New History of Capitalism” demonstrate their ignorance in their dishonest attempts to associate American capitalism with slavery.
The Real Spirit of the Declaration of Independence
What is America, and what does it represent?
Reparations: Free Blacks and “Native Americans” Owned Slaves
A staggering 28 percent of free blacks in the Crescent City owned slaves.
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