Tag Archives: history
Get Over It: New Deal Didn't Do the Job
“We have tried spending money. We are spending more than we have ever spent before and it does not work.”
Sound like Rep. John Boehner of Ohio, or perhaps another exasperated Republican stalwart, lamenting President Barak Obama’s inclination this week to try to spend our way out of the recession? Continue reading
Posted in current events, history
Tagged bailout, economics, federal spending, free market, history, new deal
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Was There Ever a Default on U.S. Treasury Debt?
As the bailouts in the current bust inexorably mount, financed in rapidly increasing U.S. government debt, one might wonder whether a default on Treasury debt is imaginable. In the course of history, did the U.S. ever default on its debt? Well, yes. Continue reading
Keeping Cool with Coolidge
by Ryan L. Cole On this day, 76 years ago, Calvin Coolidge died at the age of 60. Shortly before his life ended and the presidency of Franklin Roosevelt began, Coolidge reportedly told a friend, “I feel I no longer … Continue reading
Yes, Virginia, There is a Santa Claus
Francis P. Church’s editorial, “Yes Virginia, There is a Santa Claus” was an immediate sensation, and went on to became one of the most famous editorials ever written. It first appeared in the The New York Sun in 1897, and was reprinted annually until 1949 when the paper went out of business. Continue reading
In Congress, July 4, 1776
The unanimous Declaration of the thirteen united States of America When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers … Continue reading
Posted in history
Tagged britain, founding principles, history, jefferson, revolution, taxes, tyranny, war
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A National Day of Thanksgiving
Abraham Lincoln, October 3, 1863 The year that is drawing towards its close, has been filled with the blessings of fruitful fields and healthful skies. To these bounties, which are so constantly enjoyed that we are prone to forget the … Continue reading
