Tariffs: The Taxes That Made America Great

Tariffs: The Taxes That Made America Great

That the Smoot-Hawley Tariff caused the Depression of the 1930s is a New Deal myth in which America’s schoolchildren have been indoctrinated for decades. The Depression began with the crash of the stock market in 1929, nine months before Smoot-Hawley became law. The real villain: The Federal Reserve… As his …

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The Democracy Worshipers

“Your people, sir, is … a great beast.” So Alexander Hamilton reputedly said in an argument with Thomas Jefferson. At the Constitutional Convention of 1787, Hamilton explained: “Real liberty is not found in the extremes of democracy, but in moderate governments. If we incline too much to democracy, we shall …

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After the Revolution

“Democracy … arises out of the notion that those who are equal in any respect are equal in all respects,” said Aristotle. But if the Philosopher disliked the form of government that arose out of the fallacy of human equality, the Founding Fathers detested it. “A democracy is nothing more …

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