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Distilling Economic Literature

Tag: Amendment

Why We Bite the Invisible Hand

Free Market Economics Requires Trusting What You Cannot See

Dr. Ellen Clardy, August 5, 2023August 7, 2025

Part 2 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 9 “The Invisible Metaphor” In the last blog, we examined the meaning of the Invisible Hand metaphor. Now we want to look at several who challenged its ability. Adam Darwin Foster discusses a lecture by…

1913

The Next Turning Point

Dr. Ellen Clardy, March 31, 2023July 31, 2025

A Discussion of Oliver DeMille’s 1913 Chapter 13 “The Last Turning Point” As Oliver DeMille concludes his book, he titles his last chapter, “The Last Turning Point,” which I find bleak, though perhaps that was not the intention. I prefer the idea of the next turning point. He opened his…

1913

The Seventeenth Amendment Shifted Our Republic Towards Democracy

Dr. Ellen Clardy, January 21, 2023July 30, 2025

A Discussion of Oliver DeMille’s 1913 Chapter 3 “World-Shifting Event #2: The Seventeenth Amendment” In this chapter we are introduced to the second major change to the U.S. Constitution noted by Oliver DeMille, the Seventeenth Amendment beginning the direct election of US senators. This may surprise many that senators have not always been elected…

1913

Our Founders Knew the Federal Income Tax Would Lead to Government Overreach and Abuse

Dr. Ellen Clardy, January 14, 2023July 30, 2025

A Discussion of Oliver DeMille’s 1913 Chapter 2 “World-Shifting Event #1: The Sixteenth Amendment” Yes, there once was a time when you did not have to pay federal income taxes! But the Sixteenth Amendment passed in 1913 changed that. This is Oliver DeMille’s second chapter on the dramatic changes to the US system in…

1913

It All Went Wrong in 1913

Dr. Ellen Clardy, January 6, 2023July 30, 2025

A Discussion of Oliver DeMille’s 1913 Chapter 1 “The Turning Point of Freedom” We know we have a much larger federal government than was originally designed by the framers of the U.S. Constitution, but how did that happen? Is it a natural result of growth in population or technology? Oliver DeMille offers…

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