Phillip W. Magness

U.S. Economic & Political History

The history of Paul Krugman’s own alarmist “inflation addiction”

| July 21, 2014

New York Times writer Paul Krugman offered up a deliciously ironic suggestion in his most recent column: So I have some advice for so-called reform conservatives trying to rebuild the intellectual vitality of the right: You need to start by facing up to the fact that your movement is in the grip of some uncontrollable urges. In particular, it’s […]

The Constitutional Havoc of the Income Tax Amendment

| July 17, 2014

Some days back I offered an interpretation of the motives and political economy behind the adoption of the 16th Amendment, noting at the time that it also caused extreme constitutional havoc by altering the relationship between the tariff system and the generation of federal tax revenue. While it is certainly possible to read this as a statement […]