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Author » Jim Powell

Jim Powell is policy advisor to the Future of Freedom Foundation and a senior fellow at the Cato Institute. He is the author of "FDR’s Folly", "Bully Boy", "Wilson’s War", "Greatest Emancipations", "The Triumph of Liberty" and other books.

Latest from Jim Powell

Regulation and Union Corruption

The International Brotherhood of Teamsters has been a hotbed of violence and corruption ever since it started in 1903. Cornelius Shea was the Detroit-based union’s first president, and he constantly battled rivals. He was charged with graft, criminal libel, ...

Public Schools and Social Conflicts

Government is widely perceived as a foundation of social order, yet it is the single greatest source of disorder. Political power constantly tempts those who control it to enforce conformity with their religion, education, lifestyle, or other preferences. Naturally, ...

Lessons for America from Germany’s Hyperinflation, Part 2

Part 1 | Part 2 By November 1922, the German economy was collapsing. Industries shut down. The government committed itself to paying money to the thousands of workers who became unemployed. Within six months, the government was providing a ...

Lessons for America from Germany’s Hyperinflation, Part 1

Part 1 | Part 2 Many Americans may be inclined to assume that Germans were barbaric because they supported Hitler, and whatever happened there couldn’t possibly apply to the United States. But the Germans have had much more in ...

The Disaster of Government-Run Businesses, Part 2

Part 1 | Part 2 In the 1870s, the Japanese had many government-run businesses — among them, mining, shipbuilding, railways, and silk production. According to economic historians Johannes Hirschmeier and Tsunehiko Yui, they “were a heavy burden on government ...

The Disaster of Government-Run Businesses, Part 1

Part 1 | Part 2 Barack Obama defied experience everywhere when he stubbornly claimed he could make a government-run health program work. The standard practice of any government-run business is to provide favored interest groups with something for nothing, ...

How a Rich and Proud Nation Went Broke

Amidst a multitrillion dollar spending spree, President Obama apparently believes it’s inconceivable that a mighty nation such as the United States could go broke. Yet France, once the most powerful nation in Europe, went broke and was plunged into a ...

Welfare Corruption in the New Deal

How likely is it that a big government-spending program — Obama’s or anybody else’s — won’t be manipulated by politicians pursuing their special interests? In two of his recent New York Times columns, Nobel Prize-winning economist Paul Krugman claimed that ...

Obama’s Link to “Old Iron Pants”

Since Barack Obama pledged a “New New Deal” for the American people, he has been favoring a combination of more government spending, more government regulations, and more power for labor unions. This has led some observers to conclude that ...

Roosevelt’s Crusade against Gold

Early in the New Deal, Franklin Roosevelt became convinced that to get America out of the Great Depression, the federal government must gain total control over money. The Federal Reserve seemed to have been powerless during the contraction, so ...
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