Entries by Lawrence Reed

The Surprising Origins of the ‘No Taxation Without Representation!’ Slogan

Estimated Reading Time: 3 minutes

The phrase that was popular during America’s own revolution owes a hat tip to a famous Englishman, who took a stand against King Charles I’s “ship tax”. Ask most Americans where the slogan “No taxation without representation!” came from and the likely response will be “American colonists protesting against Britain in the 1760s.” But the […]

FDR’s Other ‘Day of Infamy’: When the US Government Seized All Citizens’ Gold

Estimated Reading Time: 4 minutes

December 7, 1941 will forever be remembered as, in the words of Franklin Delano Roosevelt, “a date that will live in infamy.” Another infamous date is April 5, 1933—the day that FDR ordered the seizure of the private gold holdings of the American people. By attacking innocent citizens, he bombed the country’s gold standard just […]

The History of Jim Crow Laws Shows Modern Comparisons Are Just Cheap Political Demagoguery

Estimated Reading Time: 7 minutes

Joe Biden knows the true history of segregation quite well, which makes his false claims that Georgia’s election law was ‘Jim Crow on steroids’ all the more egregious. What are “Jim Crow” laws? President Biden apparently thinks they are synonymous with election integrity. In fact, when Georgia’s Governor Brian Kemp signed a bill in 2021 […]

How the United States Conquered Inflation Following the Civil War

Estimated Reading Time: 4 minutes

Americans today are once again the victims of price inflation brought on by runaway government spending and printing of unbacked paper money.   According to the most recent polling data, the American public’s approval of Congress stands at a dismal 21 percent. Almost four times as many people disapprove of the job it’s doing. That’s par for […]

What Makes Biden and Yellen’s “Global Minimum Tax” Push So Hypocritical

Estimated Reading Time: 2 minutes

Joe and Janet the robber barons Imagine if oil companies got together and agreed to charge consumers no less than $3.50 per gallon for gas. Let’s call it a “global minimum price.” How long—in minutes—do you think it would take for the news media to cry foul and for the Justice Department to file an […]

F.A. Hayek on ‘the Supreme Rule’ That Separates Collectivism From Individualism

Estimated Reading Time: 4 minutes

The principle that ends justify means is one where the ethics of individualists and collectivists collide, F.A. Hayek saw. Born in Vienna on this date (May 8) in 1899, Austrian economist and political philosopher Friedrich August von Hayek lived to see almost the entirety of the 20th Century. He won a Nobel Prize for Economics […]