Bad economic policy has started wars, caused nations to collapse, and fostered depressions. The study of economics might seem to be a daunting task, but by understanding a few simple principles, you’ll be able to identify fallacies that continue to shape and distort our economic policy. Economics in One Lesson, first published in 1946, remains the gold-standard introduction to the “dismal science” of economics.

 

 

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The idea of socialism has been gaining traction among young people and intellectuals. This trend isn’t new—F.A. Hayek’s “The Intellectuals and Socialism” lays out why socialism is so attractive to these groups. The essay, published in 1949, details the vital role of the “secondhand dealers in ideas,” and explains why advocates of a free society shouldn’t simply ignore them. 70 years later, Hayek’s words are still eerily relevant.

 

"Fear the Boom and Bust" Keynes vs. Hayek Rap Battle: https://youtu.be/d0nERTFo-Sk

 

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This quote from Dr. Albert Einstein, rallying his people to fight through adversity, sits at the end of the main exhibit of the National Holocaust Museum in Washington, DC.

 

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John Locke's Second Treatise of Government was a vociferous defense of private property, representative government, and the right of revolution. Its echos can be heard throughout the Declaration of Independence and the writings of America's Founding Fathers.

 

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Thomas Paine’s Common Sense served as the intellectual ammunition for the American Revolution. Paine's pamphlet was read across the colonies, and rallied Americans to overthrow British rule.

 

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While everyone is interested in arguing over the issue of the day, relatively few people understand the principles that serve as the foundation of our country. Honest Offense is a new podcast dedicated to talking about these principles. Each episode, we’ll discuss important ideas in American history.

 

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Website: https://www.ericcervone.com

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