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@ -5,12 +5,12 @@
<!--Fill in your link line for CSS and JS in the XSLT here! -->
</head>
<body>
<h1 id="title-index">Politics-Conspiracies-Project</h1>
<h1 id="title-index">hertecon</h1>
<nav id="menu">
<a href="../index.html">
<div class="button">Home</div>
</a>
<a href="../fulltext2.html">
<a href="../fulltext.html">
<div class="button">Fulltext</div>
</a>
<a href="../analysis.html">
@ -32,12 +32,11 @@
</div>
</a>
</nav>
<h2>hertecon</h2>
<p>THE HERITAGE OF ECONOMIC LIBERTY</p>
<p>By RICHARD M. EBELING</p>
<p>For the Founding Fathers, economic liberty was inseparable
from the case for political freedom. Many of the grievances
enumerated in the Declaration of Independence concern British
enumerated in the Declaration of Independence concern <span class="NORP" title="NORP">British</span>
infringements on the free movement of goods and men between
the thirteen colonies and the rest of the world.</p>
<p>It was not a coincidence that the same year that saw the
@ -63,7 +62,7 @@ in various lines of manufacturing and commerce. They passed
legal tender laws excluding or hampering the free choice in
media of exchange by private individuals. They entered into
trade wars with each other. Having broken free from the
shackles of British mercantilism when they declared their
shackles of <span class="NORP" title="NORP">British</span> mercantilism when they declared their
independence in 1776, by the late 1780s the sovereign states
were all practicing that against which they had fought in the
war for independence.</p>
@ -77,7 +76,7 @@ meant to prohibit economic nationalism and make the several
states a single, unified free trade area. Most of the Founding
Fathers were very familiar with the free trade ideas of
Scotsmen like Adam Smith and David Hume and their French
colleagues, the <span class="NORP">Physiocrats</span>. They knew that these free traders
colleagues, the <span class="NORP" title="NORP">Physiocrats</span>. They knew that these free traders
were correct when they advocated the free movement of goods,
men, and ideas from one part of the globe to another. Freedom
and prosperity were to be linked together in one system of
@ -129,7 +128,7 @@ America, he believes, through "government leadership." The
problem is that "the private sector [is] dancing to its short-run tune," while government leadership can offer us the long-term vision for intelligent decision-making.</p>
<p>Many economists no longer share Adam Smith's vision. Lester
Thurow, dean of the Sloan School of Management at MIT, says
that the <span class="NORP">Japanese</span> "pick out an industry to conquer" and unless
that the <span class="NORP" title="NORP">Japanese</span> "pick out an industry to conquer" and unless
we (read: the government) do something to stop their invasion
of America, "they" will own and control and "we" will work and
obey. Edward Ellwood, of the Harvard John F. Kennedy School of