Harry Anslinger, the first appointed Commissioner of the Federal Bureau of Narcotics starting in 1931, led an ardent anti-marijuana campaign in the U.S. during the 1930s. In his July 1937 article, “Marijuana, Assassin of Youth,” Anslinger laid out numerous case claims of people who had smoked “the weed” and simultaneously lost control of their actions [...]
Perhaps one of the greatest economic and societal damages to come about through cannabis prohibition is the inability for American entrepreneurs to utilize a highly efficient cultivar of Cannabis sativa, commonly known as “industrial hemp.” During Harry Anslinger’s anti-cannabis campaign in the 1930s, hemp was lumped in and defined under the general cannabis species in federal [...]
For those interested in learning more about the negative consequences of the minimum wage and why it hurts those it is intended to help, please refer to the work of Walter Williams, Peter Schiff, Ron Paul, Thomas Sowell, and Thomas E. Woods Jr. Those who blindly support the minimum wage are supporting a mandate that [...]
The history of the Drug War is a long, complex, and fascinating piece of U.S. policy that combines controversial ethical and legal arguments in its defense. Beginning with an anti-marijuana campaign in the 1930s, cumulating in the creation of the Drug Enforcement Administration in 1973, and spreading its reach to more than 50 countries around [...]
The philosophy of competition has taken a backseat to government interference. In the recent cases of Bear Stearns, Lehman Brothers, and Fannie Mae, among others, it was the government, not the marketplace, that determined whether the companies were fit to fail or survive. Traditionally, businesses are required to adjust to the harshest of circumstances if [...]
The Great Depression has become one of the most misunderstood events in U.S. history. Many people believe the free market to be culprit that caused the incredible economic downturn, that the government didn’t do enough to stop it, and that it was largely President Hoover’s fault for not intervening enough into the economy. Today, to [...]
Since the Great Depression, the federal government has taken an increased stake in the farming industry. The Agricultural Adjustment Act, enacted in 1933, is considered to be the first modern farming bill. The Act provided subsidies to farmers who left some of their fields undeveloped in an effort to reduce the crop surplus and therefore [...]
The Federal Reserve is, without a doubt, one of the most difficult entities to understand and grasp today. Legally we do not have the right to know what goes on behind the closed doors of the Fed. Yet, we place in them the overwhelming power, control, and ability of a monopoly over money and credit. [...]
