How Sound Money Won the Battle of Yorktown—and Saved the American Revolution
By Lawrence W. Reed Early this month, Congressman Alex Mooney of West Virginia introduced the Gold Standard Restoration Act (H.R. 9157). If enacted into law,…
Lawrence Reed
The Night of the Murdered Poets: Remembering One of Stalin’s Forgotten Killing Sprees
By Lawrence W. Reed Power kills. Absolute power kills too many to count. Soviet dictator Joseph Stalin spoke with personal authority on the subject when…
What China’s Hyperinflation in the 1940s Can Teach Americans
By Lawrence W. Reed Not so long ago, when the dollar was “as good as gold” and so were many other currencies, economists spoke of…
America’s First Experiment With Paper (Fiat) Money
By Lawrence W. Reed George Washington—surveyor, farmer, soldier, and statesman—never thought of himself as an economist but experience taught him a great deal about fiat…
The World’s Oldest Republic Reveals the Secret to Peace and Prosperity
By Lawrence W. Reed Only one country in the entire world can boast of more cars than people within its borders—an astounding 25 percent more,…
11 of the Most Memorable Acts of Civil Disobedience in History
By Lawrence W. Reed “Civil disobedience” evokes a range of reactions when people hear the term. Some instinctively wince, regarding it as anti-social or subversive….
100 Years Ago, 4,000 Americans, in a Single Night, Were Rounded Up and Caged for Disagreeing With the President
By Lawrence W. Reed A hundred years ago—on January 3, 1920—Americans woke up to discover just how little their own government regarded the cherished Bill…