August 29, 1864: Democrat Party Platform

Almost Chosen People

The convention of the Democrats in 1864 to nominate a standard bearer for President opened on August 29, 1864 in Chicago.  The convention was badly split between War Democrats and Peace Democrats.  The Peace Democrats were strong enough to have a platform approved which dealt with one issue, the War, and which was highly critical of a continuation of the War and called for immediate peace negotiations:

Resolved, That in the future, as in the past, we will adhere with unswerving fidelity to the Union under the Constitution as the only solid foundation of our strength, security, and happiness as a people, and as a framework of government equally conducive to the welfare and prosperity of all the States, both Northern and Southern.

Resolved, That this convention does explicitly declare, as the sense of the American people, that after four years of failure to restore the Union by the experiment…

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@AOC @BernieSanders @jeremycorbyn

Times are changing

Jeff King: Can Royal Assent to a Bill Be Withheld If So Advised by Ministers?

UK Constitutional Law Association

An article in the Sunday Times by Professor Richard Ekins and Sir Stephen Laws QC advised that the Monarch could withhold Royal Assent to a bill passed if advised to do so by ministers.  Robert Craig  has also argued for that position in a blog post, making clear why in his view that is the democratically legitimate position.  Professors Mark Elliott and Thomas Poole both refute these views, but recognize a prima facie tension between a constitutional convention that the Monarch follow ministerial advice on the one hand, and a convention that the Monarch almost automatically give Royal Assent to duly passed bills on the other.  Poole assumes for the sake of argument that they might be in conflict, and argues that were it so, the convention on Royal Assent would prevail.  I agree with him so far as that argument goes. (Professor Poole also alludes to the view that…

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Why innovation is getting harder

Hyperinflation is always and everywhere a fiscal phenomenon

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The Cavalier Parliament

The History of Parliament

Our ‘Named Parliaments’ series continues. Today Paul Seaward, British Academy/Wolfson Research Professor at the History of Parliament Trust explores the Cavalier Parliament, the first Parliament after the Restoration of the monarchy in 1660…

The Parliament elected in April 1661 was designed to sweep away the last vestiges of the English Revolution and restore the monarchy to its pre-Civil War glory. It was the Convention of 1660, elected a year earlier, that had brought the Interregnum to an end, summoning Charles II back from his continental exile; but men who had fought for the king and his father had been deliberately excluded from it. As far as the king was concerned, the Convention needed to be replaced as soon as possible with something more vigorously reactionary. His new Parliament fitted the bill: ‘no man’, wrote his lord chancellor and chief minister, the earl of Clarendon, ‘could wish a more active spirit…

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No Monetary Policy Is Not Just Another Name for Fiscal Policy

Uneasy Money

I just read John Cochrane’s essay “Inflation and Debt” in the Fall 2011 issue of National Affairs. On his webpage, Cochrane gives this brief summary of what the paper is about.

An essay summarizing the threat of inflation from large debt and deficits. The danger is best described as a “run on the dollar.” Future deficits can lead to inflation today, which the Fed cannot control. I also talk about the conventional Keynesian (Fed) and monetarist views of inflation, and why they are not equipped to deal with the threat of deficits. This essay complements the academic (equations) “Understanding Policy” article (see below) and the Why the 2025 budget matters today WSJ oped (see below).

And here’s the abstract to his “Understanding Policy in the Great Recession” article:

I use the valuation equation of government debt to understand fiscal and monetary policy in and following the great recession…

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The Truth About Global Warming

American Elephants

Mark Levin asks Dr.Patrick Michaels to explain Climate Change and why it seems to be a major crisis just now. AOC claims that we have just 12 years left, which gets lots of attention because she is “click-bait” for the media, largely because she is so ignorant about the Constitution, and how the government works. But we have Climate Marches, lots of people who, never having learned anything about the science, believe that there is a crisis and we have to save the planet or we’re all doomed.

This is what I was trying to explain in my previous post. The internet, and the ability to “surf,” picking up little bits and pieces, has given us the illusion that we know more than we do. We no longer understand things in depth, because we don’t stick around long enough. The talking-heads and the ideas change with a click of the…

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