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Why More Secession Means Lower Taxes and More Trade
2024-01-03
[This article is Chapter 9 of Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities.]
When we hear of political movements in favor of decentralization and secession, the word “nationalist” is often used to describe them. We have seen the word used in both the Scottish and Catalonian secession movements, and in the case of Brexit. Often the term is intended to be pejorative.
When used pejoratively—as by the critics of Brexit—the implication is that the separatists seek to exit a larger political entity for the purposes of increasing isolation, throwing up greater barriers to trade, and pursuing a more autarkic economic policy. In other words, we’re supposed to believe that efforts at decentralizing political systems leads to states becoming more oppressive and
The Economic Wisdom of Antony C. Sutton’s The War on Gold
2023-12-26
I.
Antony C. Sutton (1925–2002) was a British economist and economic historian who taught at California State University, Los Angeles. Sutton was also a research fellow at the Hoover Institution at Stanford University.
His work focused primarily on the financial and commercial cooperation between major United States banks and corporates (call it “Wall Street interests”) and foreign states that were openly hostile to America.
In his book Wall Street and the Bolshevik Revolution (1974), Sutton used extensive data and documents to point out that, for instance, Wall Street interest groups financed and promoted Bolshevik Russia.
In Sutton’s book Wall Street and FDR: The True Story of How Franklin D. Roosevelt Colluded with Corporate America (1975), he paints a highly critical picture of the
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