George Gilder, whose new book publishes today, is one of the original pillars of Supply Side economics. As stated by Discovery Institute, which he co-founded, “Mr. Gilder pioneered the formulation of supply-side economics when he served as Chairman of the Lehrman Institute’s Economic Roundtable, as Program Director for the Manhattan Institute….”
Lately we have been engulfed by headlines reporting financial turmoil on every continent, in almost every nation, large and small. The commissars of central planning who so marred the history of the 20th century have been replaced by central banks in the 21st. In Cyprus, the new leadership now dares to confiscate citizens’ wealth with a one-time tax of up to 60 percent on bank deposits above 100,000 euros. Self-interested prime ministers blame continental monetary policies for instigating the currency wars that they themselves surreptitiously carry on.
The True Gold Standard (Second Edition)
How Paul Ryan Could Help End "The Little Dark Age"
A Saturday Evening Post reporter asked, in 1932, John Maynard Keynes if there had ever been anything like the Great Depression. Keynes replied, “Yes. It was called the Dark Ages and it lasted 400 years.” While the Great Recession is not so severe as was the Great Depression, it begins to appear that the world is enduring something that could be called “The Little Dark Age.” It is odd that the long stagnation has not emerged as a focus of the presidential election — from either nominee or either party. That possibly is because both parties, embarrassingly enough, are at fault. America is entering its fifth decade of punk (less than 3% average annual GDP) growth and second decade of pure stagnancy — growth arguably averaging under 2%. Less than 3% is bad, but less than 2% is slower than population growth. That implies a severe absence of opportunity to flourish: a “Little Dark Age.” Some among the privileged elite are settling for this, complacently, and dubbing it the “new normal.” Some, such as Obama, are responding to it with policies of redistribution — policies which supply sider Jude Wanniski argued are desired by the electorate for periods of economic contraction. It doesn’t have to be this way. The classical supply siders taught more than tax rate cuts… although the political community has yet to really internalize this. British political economist Peter Bauer, in reviewing Wanniski’s The Way the World Works , summed up the essence of Wanniski’s primary argument, an argument that he won and was assimilated by the political culture. Tax rate cuts have come to define Republican doctrine:
    
America recently celebrated — well, maybe we didn’t celebrate – the 80th anniversary of Franklin Roosevelt’s action to end to the gold standard. But America is also celebrating – well, maybe not everyone is celebrating – the 100th anniversary of the legislation creating the Federal Reserve System.
As Lewis E. Lehrman...
Constitution.org provides an extensive and thoughtful Memorandum of Law by Larry Becraft, Esq., of Huntsville, Alabama, on Article I, Section 10, clause 1 of the US Constitution.
Sir William Blackstone courtesy of Wikipedia
One of many interesting matters the Memorandum treats is Blackstone's Commentaries, a book that was a fixture in the...
In the spring of 1933, global trade was being undermined by nationalistic economic responses to the Great Depression, including currency...
This essay presents the economic and political issues of the 1970's and 1980's, similar to the present, including the...
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Kathleen M. Packard, Publisher The Gold Standard Now
Board of Advisors: Senior Advisors Sean Fieler, James Grant, Senior European Advisor Advisors In Memoriam
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