The Rise and Fall of the Gold Standard in the United States
There is, in informal discussions and even in some academic writings, a tendency to treat U.S. monetary history as divided between a gold...
From across the political and ideological spectrum, there is now almost universal acknowledgement that the American social welfare system has been a failure. Since the start of the War on Poverty in 1965, the United States has spent trillions trying to ease the plight of the poor. What we have received for that massive investment is—primarily— more poverty.
Our welfare system is unfair to everyone: to taxpayers, who must pick up the bill for failed programs; to society, whose mediating institutions of community, church, and family are increasingly pushed aside; and most of all to the poor themselves, who are trapped in a system that destroys opportunity for them and hope for their children.
