Liberty vs. Power

In this episode of Liberty vs. Power, Dr. Patrick Newman and Tho Bishop look at the connection between the imperialism of the Jacksonians and the corruption of America as an "empire of liberty." As manifest destiny — and the annexation of Texas — brings the United States to the Pacific Ocean, and the issue of slavery heightens sectional differences in Washington, the party of Jackson and Van Buren comes to embrace many of the same policies that it was created to tame. Recommended Reading "Shadow Imperialism: American Filibusters in Latin America" by Chris Calton — Mises.org/LP11_A "The Folly of 1845: Texas and the Evils of Annexation" by Ryan McMaken — Mises.org/LP11_B Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — Mises.org/LP_Crony To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit Mises.org/LvP. 

In this episode of Liberty vs. Power, Dr. Patrick Newman and Tho Bishop look at the record of the Jackson administration on trade, spending, and corporate privilege, and how it tied into a larger shift within the Anglosphere. Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — Mises.org/LP_Crony To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit Mises.org/LvP. 

General Andrew Jackson, fresh off the election of 1828, assumes the office of the presidency, armed with a battle plan to bring down the institutions he blames for the corruption of the republic: America's National Bank. In this episode of Liberty vs. Power, Dr. Patrick Newman and Tho Bishop look at the Jacksonians' embrace of executive power and their battle against Nicholas Biddle of the Second Bank of the United States. Recommended Reading "Bureaucracy and the Civil Service in the United States" by Murray Rothbard — Mises.org/LP9_A "The War on Cash: Old and New" by Louis Rouanet — Mises.org/LP9_B A Short History of Paper Money and Banking in the United States by William Gouge — Mises.org/LP9_C The Jacksonian Persuasion: Politics and Belief by Marvin Meyers — Mises.org/LP9_D Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — Mises.org/LP_Crony To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit Mises.org/LvP. 

The election of 1824 pits the Old Republicans against the entrenched interests of one-party rule in America. In this episode of Liberty vs. Power, Dr. Patrick Newman and Tho Bishop discuss the collapse of the first party system of the United States, the corrupt bargain that haunts the political career of John Quincy Adams and Henry Clay, and the rise of a new political movement inspired by Jeffersonian ideals: the Jacksonians. Recommended Reading Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — Mises.org/LP_Crony To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit Mises.org/LvP.

Virginia's stranglehold over American politics continues with President James Monroe. While high school textbooks refer to this period of one-party rule as the "Era of Good Feelings," the reality is the Second Bank of the United States offers some of the most vulgar examples of corruption the American people have seen. In this episode, Patrick Newman and Tho Bishop discuss the Panic of 1819 and the impact it had on political alliances for decades to come. Recommended Reading The Panic of 1819: Reactions and Policies by Murray Rothbard — Mises.org/LP7_A A Short History of Paper Money and Banking in the United States by William Gouge — Mises.org/LP7_B "The Scandal of Smith and Buchanan: The Skeletons in the McCulloch vs. Maryland Closet" by David Bogen (PDF) — Mises.org/LP7_C Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — Mises.org/LP_Crony To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit Mises.org/LvP.

The transformation of Jeffersonians into National Republicans continues under President James Madison. Following the Louisiana Purchase, the new administration sets its eyes on Florida and Canada for new American expansion. The result is the disastrous War of 1812 and the rise of a new central bank. Recommended Reading "The Feds Before the Fed" by Scott Trask — Mises.org/LP6_A "Our Oligarchs Can Thank James Madison" by Ryan McMaken — Mises.org/LP6_B "Why James Madison Hated Democracy" by Ryan McMaken — Mises.org/LP6_C Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — Mises.org/LP_Crony To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit Mises.org/LvP.

The Revolution of 1800 removed the Hamiltonians from power, and in Jefferson's first term, America witnessed a major reduction of federal power. In his second term, however, an offer by French Emperor Napoleon to purchase the Louisiana territory would mark the fall of the Old Republicans. In this episode, Patrick and Tho look at how dreams of conquest in Canada, Spanish Florida, Mexico, and beyond have had tragic consequences for Americans' liberty. Recommended Reading "The Louisiana Purchase: Jefferson's Constitutional Crisis that Risked Dissolving the Union" by Dave Benner — Mises.org/LP5_A "Was Thomas Jefferson a Great President?" by Scott Trask — Mises.org/LP5_B Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — Mises.org/LP_Crony To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit Mises.org/LvP.

In this episode of Liberty vs. Power, Patrick and Tho look at the success of the Jeffersonians following the corruption of Hamilton's Federalist Party. With the support of Treasury Secretary Albert Gallatin, the Jeffersonian Administration is able to slash the size of the federal bureaucracy. Unfortunately, the influence of Republican moderates — like James Madison — undermined a true restoration of old republican ideals. Recommended Reading "Jefferson's Philosophy" by Murray Rothbard — Mises.org/LP4_A "Jefferson as President: His Judicial Blunders" by Scott Trask — Mises.org/LP4_B Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — Mises.org/LP_Crony To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit Mises.org/LvP.

With the Constitution in place and George Washington made president, Treasury Secretary Alexander Hamilton was empowered to make the new government in his image. Unsurprisingly, a man who celebrated the corruption of the old European order was quick to install a regime inspired by mercantilists like Jean-Baptiste Colbert. In this episode, Patrick and Tho pinpoint the special interest that benefitted most from the Hamiltonian era, and how its failings sowed the seeds for the Jeffersonian Revolution of 1800. Recommended Reading "The Founding Father of Crony Capitalism" by Thomas DiLorenzo — Mises.org/LP3_A "Alexander Hamilton: Centralist and Nationalist" by Daren A. Wiseley — Mises.org/LP3_B "Central Banking as an Engine of Corruption" by Thomas DiLorenzo — Mises.org/LP3_C Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — Mises.org/LP_Crony Hamilton's Curse: How Jefferson's Arch Enemy Betrayed the American Revolution—and What It Means for Americans Today by Thomas J. DiLorenzo — Mises.org/LP_Curse To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit Mises.org/LvP.

How did a handful of colonies created by the European Old Order establish a unique nation conceived in liberty? In Episode 2 of the Liberty vs. Power Podcast, Patrick Newman and Tho Bishop discuss the lasting tension between the Spirit of 1776 and the Constitution of 1787. The results of America's successful war for independence is one of the most important victories for the cause of liberty, but the forces of power adapted to new opportunities. Patrick and Tho also discuss the career of the infamous Robert Morris, and follow the rise of two men who are determined to mold America into the European nationalist tradition: Alexander Hamilton and James Madison. Articles "America's Libertarian Revolution" by Murray Rothbard — Mises.org/LP2_A "Bacon's Rebellion" by Murray Rothbard — Mises.org/LP2_B "How the Constitutional Convention Vastly Expanded the Powers of the President" by Murray Rothbard — Mises.org/LP2_C "The Founding Fathers' Coup d'État" by Albert Jay Nock — Mises.org/LP2_D "Economic Determinism, Ideology, and the American Revolution" by Murray Rothbard — Mises.org/LP2_E "Liberty and Property: the Levellers and Locke" by Murray Rothbard — Mises.org/LP2_F Books Cronyism: Liberty versus Power in Early America, 1607–1849 by Patrick Newman — Mises.org/LP_Crony Conceived in Liberty, Volumes I-IV by Murray Rothbard — Mises.org/LP2_G Conceived in Liberty, Volume V by Murray Rothbard, Edited by Patrick Newman — Mises.org/LP2_H Movie The Patriot — Mises.org/LP2_J To subscribe to the Liberty vs. Power Podcast on your favorite platform, visit Mises.org/LvP.