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Capitalism and the Free Market, Part 2

Part 1 | Part 2 The taint of government intervention into economic activity carried over to the British North American colonies. The radical nature of the American Revolution has masked the class struggle within American colonial society between what historian Merrill Jensen called “radicals” and “conservatives” in his book The Articles of Confederation: An Interpretation of the Social-Constitutional History ...

Book Review: In Defense of Free Capital Markets

In Defense of Free Capital Markets: The Case against a New International Financial Architecture by David F. DeRosa (Princeton, N.J.: Bloomberg Press, 2001); 230 pages; $27.95. IN THE 1930s, during the high watermark of aggressive economic nationalism in Europe, one of the most effective political weapons of regulation used by governments was control over the buying and selling of currencies on ...