Phillip W. Magness

U.S. Economic & Political History

Paul Krugman’s Personal Inflation Cult

| February 28, 2015

Paul Krugman has been on a particularly nasty kick this week over inflation. At issue are a series of predictions of an impending acceleration of inflation made by a number of economists on “the right” (most notably Alan Meltzer) over the past six year, none of which have played out as of yet. It is entirely […]

Taxes, Taxes, über alles!

| February 6, 2015

In a previous post, I noted that one of the stranger characteristics of the larger body of inequality literature produced by Thomas Piketty and two of his frequent collaborators, Emmanuel Saez and Gabriel Zucman, seems to be a tendency of their arguments to invariably end up at the same place: a call for high progressive taxation. This was […]

Thaddeus Stevens, Colonization, and the 13th Amendment

| February 4, 2015

Last Saturday marked the 150th anniversary of the day the 13th Amendment passed the House of Representatives, securing its submission to the states for ratification. This momentous event – marking the abolition of slavery in the United States – has received increased attention in light of the Civil War sesquicentennial, as well as its 2012 dramatization […]