The history of the Whiskey Rebellion is shrouded in myth. Many scholars consider it a victory for the young U.S. government. But was it really a win for the anti-tax patriots? What caused the Whiskey Rebellion? The Whiskey Rebellion was the second major internal uprising in U.S. history (preceded only by Shays’ Rebellion). It was…
In 1935, Benny Goodman launched the Big Band era with a famous performance in Los Angeles. By 1946, the Big Band era was dead. Despite high popularity, it was replaced by the far less dance-friendly (and far less popular) BeBop era. What happened to the Big Band era? The U.S. government holds a substantial part…
A few weeks ago, someone told me the QWERTY keyboard (named for its first six keys) was a mistake. There was another design that had proven more efficient, easier to use, and less likely to cause injuries like carpal tunnel. It’s called the Dvorak Simplified Keyboard and was created by Dr. August Dvorak and his…
In late 2003, the American poker industry exploded. New players flooded the game. Tournaments flourished. Poker games became a fixture on television. By 2008, the bubble had burst. People left the game in droves. Tournaments got smaller. Television programs ended up on the chopping block. So, why did this happen? What caused the poker industry…
Amity Shlaes is out with her latest book, Coolidge, a new take on the controversial presidency of Calvin Coolidge. Conservatives love Silent Cal, giving him full credit for the Roaring Twenties. Liberals hate him, believing his free market policies caused the Great Depression. Shlaes falls firmly in the former camp. Personally, I think he’s partly…
The Federal Reserve is no good. Its money monopoly has wrecked havoc for 100 years. So, I welcome currency competition from Virginia, although I’d prefer it came from the free market. That said, the Federal Reserve will continue to dominate as long as legal tender laws are in full effect. Here’s more on the war on the Federal…
And so Saturday mail comes to an end. Is anyone really that surprised? No competition = No reason to innovate or improve service. Where’s Lysander Spooner when you need him? Here’s more on the U.S. Postal Service ending Saturday deliveries at Fox News: The U.S. Postal Service plans to announce Wednesday that it will end…
It’s been one hundred years since the modern income tax was created, via the 16th Amendment to the U.S. Constitution. Back then income tax rates ran from 1% for annual incomes over $3, 000 to 7% for annual incomes over $500,000 (that’s $11.6 million in today’s dollars!). Current tax rates run from 10% to 39.6%….