Nullification is the Jeffersonian idea that the states of the American Union must judge the constitutionality of the acts of their agent, the federal government, since no impartial arbiter between them exists. — Thomas Woods Copy Share Image
The Emergency Banking Act reached back in time to amend the Trading with the Enemy Act of 1917, which had originally been intended to criminalize economic intercourse between American citizens and declared enemies of the United States. — Thomas Woods Copy Share Image
Government has a habit of blaming the private sector for its own failings while taking credit for advances we in fact owe to the… — Thomas Woods Copy Share Image
One of the market's virtues, and the reason it enables so much peaceful interaction and cooperation among such a great variety of peoples, is… — Thomas Woods Copy Share Image
Nullification is the Jeffersonian idea that the states of the American Union must judge the constitutionality of the acts of their agent, the federal… — Thomas Woods Copy Share Image
Communism brought out the worst in human nature and crippled people's ability or ambition to participate in a market economy. — Thomas Woods Copy Share Image
If the federal government has the exclusive right to judge the extent of its own powers, warned the Kentucky and Virginia resolutions' authors (James… — Thomas Woods Copy Share Image
If the Tenth Amendment were still taken seriously, most of the federal government's present activities would not exist. That's why no one in Washington… — Thomas Woods Copy Share Image
Keynesians think that you can take water from the deep end of the swimming, pump it into the shallow end of the swimming pool… — Thomas Woods Copy Share Image
There are only two (major) parties today: The Stupid Party and The Evil Party. Once in a while the two parties get together to… — Thomas Woods Copy Share Image
The Emergency Banking Act reached back in time to amend the Trading with the Enemy Act of 1917, which had originally been intended to… — Thomas Woods Copy Share Image
Discussions of the economy, especially during times of crisis, are often framed in terms of lessons we supposedly learned during the Depression of the… — Thomas Woods Copy Share Image
Public protests against globalization - protests that occur by and large in the prosperous West - denounce free trade and the mobility of capital… — Thomas Woods Copy Share Image
The power to regulate the value of money does not involve a power to dilute the value of money by inflation, an absurd and… — Thomas Woods Copy Share Image
That human beings seek their own well-being and that of those close to them is not an especially provocative discovery. What is important is… — Thomas Woods Copy Share Image
Understanding the true causes of the Depression, as well as the real economic record of the United States in the 1930s, is an essential… — Thomas Woods Copy Share Image
