Lawrence W. Reed

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The Roman Emperor Who Tried to Bring Monetary ‘Reform’ to the Empire—and Failed Miserably

The terms “reform” and “reformer” conjure up positive, appealing impressions. It is widely assumed that to reform something is to…

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The Emperor Who Tried to Bring Sound Economics Back to Rome—and Paid With His Life

History records countless examples of currency debasement, i.e., the steady reduction in a money’s precious metal content or “backing” (principally…

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When Poland’s Greatest Poet Met James Fennimore Cooper—and the Passion for Liberty That United Them

Since 1904, an impressive column of granite and bronze, nearly 70 feet tall, has adorned the center of Lviv in…

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How a Corrupt US Senator Helped Give Us the 17th Amendment

Mark Twain never cared much for politicians. A famous remark falsely attributed to him nonetheless stuck for decades because it…

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Why FDR Banned the Sale of Sliced Bread During World War II

According to an old joke from the socialist and frequently underfed Soviet Union, Stalin goes to a local wheat farm…

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Australia’s Gold Standard Blunder Has Striking Parallels With the United States and the UK

From the center of the continental United States to the middle of Australia is 9,241 miles. It’s a little further…

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Grover Cleveland’s Veto of a Taxpayer-Funded 4th of July Celebration Holds an Important Lesson for Modern Americans

When the city council of Buffalo, New York, sent the mayor a measure to fund Fourth of July celebrations in…

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The Dynamic Duo of the Anti-Slavery Movement Who Changed the World

Must matters of law and public policy be dull? Should they be the exclusive provinces of lawyers, legislators, lobbyists, economists,…

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The Surprising Origins of the ‘No Taxation Without Representation!’ Slogan

Ask most Americans where the slogan “No taxation without representation!” came from and the likely response will be “American colonists…

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Wanted: Moral Courage

“It is curious that physical courage should be so common in the world, and moral courage so rare,” wrote Mark…

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