“The revenue of the state is the state.” Edmund Burke The rise of the modern nation state in the 1600s was founded upon monarchies securing independent sources of revenue to pay for the royal armies… »
This essay was written in 1982 under the direction of Emory Thomas at the University of Georgia and was originally titled, “The Affluent Section: The South on the Eve of the War Between the States.”… »
General Lee was a soldier and leader of men, not a politician. Although several of his decisions as soldier had an important political impact in American history, he seldom discussed such matters. An exception is… »
This post was originally published at The Deliberate Agrarian. Paul Krugman is a popular guy these days. The American economist was awarded a Nobel prize in Economics this year. In a recent interview I heard… »
Declining prosperity is now a settled fact of American life. Prosperity is not measured by the day’s average of stock speculation, or the profits of bankers, or the munificence of government subsidies and salaries, or… »
“. . . and bank-notes will become as plentiful as oak leaves.” —Thomas Jefferson “They [the people], and not the rich are our dependence for continued freedom. And to preserve their independence, we must not… »
Wouldn’t it be great if an act of Congress enabled your federal government bonds to be worth twice what you paid for them? That’s precisely what happened for many federal Civil War bond investors during… »
Your other lecturers have pleasant and upbeat subjects to consider. I am stuck with economics, which is a notoriously dreary subject. It is even more of a downer when we consider how far the U.S.… »
In her famous diary, Mary Chesnut called Mrs. Louisa S. McCord “the very cleverest woman” she knew. Of these two women from South Carolina, Chesnut is the most famous and widely read today, but Mrs.… »
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