New England was not in favor of the War of 1812 and it considered seceding, but the death of Hamilton in his duel with Burr destroyed that plan. The idea of secession was more embraced by the Northern than by the Southern states.
Recorded at the Mises Institute on 15 June 2005.
Communist Parties are still alive and well, even in post-communist countries. Luca Ferrini speculates that the larger the state, the more it corrupts the mind and the culture. Communism means never having to leave the nest.
The founder of the Chicago School, Frank Knight, was an avowed egalitarian. Rousseau was his influence. Jacobins believed in mass democracy and politics as the only way to implement their ideas. They hated aristocrats and religious leaders. Knight believed in progressive taxation. He wanted neocon social democracy.
Monetary inflation is the key way to bring about economic fascism. Fascism was a spending, borrowing government, militarism, imperialism, and a planned economy. Keynes’ followers came to power in the 60s with the Kennedy administration. Nixon went on to impose wage and price controls.
We went from tariffs being the major source of federal government revenue to what we have today under the income tax and payroll taxes.
Although the FairTax would eliminate the filing of all individual tax returns, writes Laurence Vance, the FairTax turns every business into a tax collector.
Presented as part of the Brown Bag Seminar Series. Recorded at the Mises Institute in Auburn, Alabama, on 12 May 2005.
Presented at the San Jose State Workshop in Applied Political Economy; 2 May 2005.
