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MM#420--Curves, Courts, and Change: Celebrating Landmark Anniversaries in American Liberty
FAN MAIL--We would love YOUR feedback--Send us a Text Message
A century of parental educational rights. Fifty years of revolutionary economic thinking. One year since a presidential debate that changed American history. Today's episode celebrates these critical anniversaries that have shaped American liberty and prosperity.
Pierce v. Society of Sisters stands as a cornerstone of American educational freedom. When Oregon attempted to mandate public schooling for all children in 1922, the Supreme Court unanimously struck down this overreach, declaring "the child is not the mere creature of the state." This landmark ruling has protected parental rights and educational diversity for 100 years, establishing boundaries on government authority that continue to influence school choice debates today.
The Laffer Curve—sketched on a napkin during a dinner with government officials—transformed economic thinking by illustrating a counterintuitive truth: beyond a certain point, higher tax rates actually decrease government revenue. Though initially ignored by the Ford administration, this insight eventually powered Reagan's economic revolution, launching decades of prosperity. Kennedy had recognized this paradox years earlier, noting "tax rates are too high and tax revenues are too low." This principle, validated repeatedly through American history, demonstrates how economic freedom fuels both individual and collective flourishing.
We also mark one year since the Biden-Trump debate that reshaped the 2024 election and triggered remarkable transformation: border policy shifts, economic rebounds, international developments, and party realignments. These anniversaries remind us how foundational ideas about liberty, properly applied, create lasting prosperity. Which of these milestones has most directly impacted your life? Explore Hillsdale College's free course on supply-side economics to deepen your understanding of these principles.
Key Points from the Episode:
• Pierce v. Society of Sisters (1925) turns 100 years old, establishing the fundamental right of parents to choose their children's education
• The Supreme Court's unanimous decision declared "the child is not the mere creature of the state," protecting private and religious schools
• Art Laffer's curve sketched on a napkin approximately 50 years ago revolutionized tax policy by showing how lower tax rates can increase government revenue
• The Laffer Curve became the foundation for Reagan's economic policies in the 1980s, spurring decades of prosperity
• One year after the pivotal Biden-Trump debate that led to President Biden's withdrawal from the race
• Reflection on the dramatic policy shifts and economic changes that have occurred in just one year
Be sure to check out Hillsdale College's free course on supply-side economics taught by Art Laffer himself for more insights into these economic principles.
Other resources:
Want to leave a review? Click here, and if we earned a five-star review from you **high five and knuckle bumps**, we appreciate it greatly, thank you so much!
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By David Kaiser
4.2
55 ratings
FAN MAIL--We would love YOUR feedback--Send us a Text Message
A century of parental educational rights. Fifty years of revolutionary economic thinking. One year since a presidential debate that changed American history. Today's episode celebrates these critical anniversaries that have shaped American liberty and prosperity.
Pierce v. Society of Sisters stands as a cornerstone of American educational freedom. When Oregon attempted to mandate public schooling for all children in 1922, the Supreme Court unanimously struck down this overreach, declaring "the child is not the mere creature of the state." This landmark ruling has protected parental rights and educational diversity for 100 years, establishing boundaries on government authority that continue to influence school choice debates today.
The Laffer Curve—sketched on a napkin during a dinner with government officials—transformed economic thinking by illustrating a counterintuitive truth: beyond a certain point, higher tax rates actually decrease government revenue. Though initially ignored by the Ford administration, this insight eventually powered Reagan's economic revolution, launching decades of prosperity. Kennedy had recognized this paradox years earlier, noting "tax rates are too high and tax revenues are too low." This principle, validated repeatedly through American history, demonstrates how economic freedom fuels both individual and collective flourishing.
We also mark one year since the Biden-Trump debate that reshaped the 2024 election and triggered remarkable transformation: border policy shifts, economic rebounds, international developments, and party realignments. These anniversaries remind us how foundational ideas about liberty, properly applied, create lasting prosperity. Which of these milestones has most directly impacted your life? Explore Hillsdale College's free course on supply-side economics to deepen your understanding of these principles.
Key Points from the Episode:
• Pierce v. Society of Sisters (1925) turns 100 years old, establishing the fundamental right of parents to choose their children's education
• The Supreme Court's unanimous decision declared "the child is not the mere creature of the state," protecting private and religious schools
• Art Laffer's curve sketched on a napkin approximately 50 years ago revolutionized tax policy by showing how lower tax rates can increase government revenue
• The Laffer Curve became the foundation for Reagan's economic policies in the 1980s, spurring decades of prosperity
• One year after the pivotal Biden-Trump debate that led to President Biden's withdrawal from the race
• Reflection on the dramatic policy shifts and economic changes that have occurred in just one year
Be sure to check out Hillsdale College's free course on supply-side economics taught by Art Laffer himself for more insights into these economic principles.
Other resources:
Want to leave a review? Click here, and if we earned a five-star review from you **high five and knuckle bumps**, we appreciate it greatly, thank you so much!