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Lawrence Reed
Lawrence "Larry" W. Reed (born September 29, 1953), also known as Larry Reed, is president emeritus of the Foundation for Economic Education (FEE), where he has served as the Humphreys Family Senior Fellow since May 2019. Before joining FEE, Reed served as president of the Mackinac Center for Public Policy, a Midland, Michigan-based free-market think tank. To date, he remains Mackinac's president emeritus. Personal life Reed was born and raised in Pennsylvania, United States. He has cited the 1968 event between the Czechs and the Soviets known as the " Prague Spring", as the genesis for his interest in liberty, and has referred to the Czech cause as a "flowering of liberty". As a result of interactions with FEE in his teen years, Reed became exposed to the ideas of Friedrich Hayek, Ludwig von Mises, and others from the Austrian school of economics. In 1982, he was the Republican candidate for U. S. Congress in Michigan's 10th district. Education and appointments Reed holds ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austrian School
The Austrian School is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result exclusively from the motivations and actions of individuals. Austrian school theorists hold that economic theory should be exclusively derived from basic principles of human action.Ludwig von Mises. Human Action, p. 11, "Purposeful Action and Animal Reaction". Referenced 2011-11-23. The Austrian School originated in late-19th- and early-20th-century Vienna with the work of Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, and others. It was methodologically opposed to the Historical School (based in Germany), in a dispute known as ''Methodenstreit'', or methodology struggle. Current-day economists working in this tradition are located in many different countries, but their work is still referred to as Austrian economics. Among the theoretical contributions of the early years of the Austrian School are the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republican Party (United States)
The Republican Party, also referred to as the GOP ("Grand Old Party"), is one of the two major contemporary political parties in the United States. The GOP was founded in 1854 by anti-slavery activists who opposed the Kansas–Nebraska Act, which allowed for the potential expansion of chattel slavery into the western territories. Since Ronald Reagan's presidency in the 1980s, conservatism has been the dominant ideology of the GOP. It has been the main political rival of the Democratic Party since the mid-1850s. The Republican Party's intellectual predecessor is considered to be Northern members of the Whig Party, with Republican presidents Abraham Lincoln, Rutherford B. Hayes, Chester A. Arthur, and Benjamin Harrison all being Whigs before switching to the party, from which they were elected. The collapse of the Whigs, which had previously been one of the two major parties in the country, strengthened the party's electoral success. Upon its founding, it supported c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guerrilla Warfare
Guerrilla warfare is a form of irregular warfare in which small groups of combatants, such as paramilitary personnel, armed civilians, or Irregular military, irregulars, use military tactics including ambushes, sabotage, Raid (military), raids, petty warfare, hit-and-run tactics, and Mobility (military), mobility, to fight a larger and less-mobile traditional military. Although the term "guerrilla warfare" was coined in the context of the Peninsular War in the 19th century, the tactical methods of guerrilla warfare have long been in use. In the 6th century BC, Sun Tzu proposed the use of guerrilla-style tactics in ''The Art of War''. The 3rd century BC Roman general Quintus Fabius Maximus Verrucosus is also credited with inventing many of the tactics of guerrilla warfare through what is today called the Fabian strategy. Guerrilla warfare has been used by various factions throughout history and is particularly associated with revolutionary movements and popular resistance agains ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contras
The Contras were the various U.S.-backed and funded right-wing rebel groups that were active from 1979 to 1990 in opposition to the Marxist Sandinista Junta of National Reconstruction Government in Nicaragua, which came to power in 1979 following the Nicaraguan Revolution. Among the separate contra groups, the Nicaraguan Democratic Force (FDN) emerged as the largest by far. In 1987, virtually all Contra organizations were united, at least nominally, into the Nicaraguan Resistance. During their war against the Nicaraguan government, the Contras committed numerous human rights violations and used terrorist tactics. These actions were frequently carried out systematically as a part of the strategy of the Contras. Supporters of the Contras tried to downplay these violations, particularly the Reagan administration in the U.S., which engaged in a campaign of white propaganda to alter public opinion in favor of the Contras, while covertly encouraging the Contras to attack civilian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iron Curtain
The Iron Curtain was the political boundary dividing Europe into two separate areas from the end of World War II in 1945 until the end of the Cold War in 1991. The term symbolizes the efforts by the Soviet Union (USSR) to block itself and its satellite states from open contact with the West, its allies and neutral states. On the east side of the Iron Curtain were the countries that were connected to or influenced by the Soviet Union, while on the west side were the countries that were NATO members, or connected to or influenced by the United States; or nominally neutral. Separate international economic and military alliances were developed on each side of the Iron Curtain. It later became a term for the physical barrier of fences, walls, minefields, and watchtowers that divided the "east" and "west". The Berlin Wall was also part of this physical barrier. The nations to the east of the Iron Curtain were Poland, East Germany, Czechoslovakia, Hungary, Romania, Bulgaria, Albania, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Market
A black market, underground economy, or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is characterized by noncompliance with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution is prohibited by law, non-compliance with the rule constitutes a black market trade since the transaction itself is illegal. Parties engaging in the production or distribution of prohibited goods and services are members of the . Examples include the illegal drug trade, prostitution (where prohibited), illegal currency transactions, and human trafficking. Violations of the tax code involving income tax evasion in the . Because tax evasion or participation in a black market activity is illegal, participants attempt to hide their behavior from the government or regulatory authority. Cash is the preferred medium of exchange in illegal transactions since cash transactions are less-easi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyperinflation
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. When measured in stable foreign currencies, prices typically remain stable. Unlike low inflation, where the process of rising prices is protracted and not generally noticeable except by studying past market prices, hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of currency. Typically, however, the general price level rises even more rapidly than the money supply as people try ridding themselves of the devaluing currency as quickly as possible. As this happens, the real stock of money (i.e., the amount of circulating money divided by the price level) decreases considerably.Bernholz, Peter 2003, chapter 5.3 Almost all ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heritage Foundation
The Heritage Foundation (abbreviated to Heritage) is an American conservative think tank based in Washington, D.C. that is primarily geared toward public policy. The foundation took a leading role in the conservative movement during the presidency of Ronald Reagan, whose policies were taken from Heritage's policy study '' Mandate for Leadership''. The Heritage Foundation has had significant influence in U.S. public policy making. It is among the most influential public policy organizations in the United States. History and major initiatives Early years The Heritage Foundation was founded on February 16, 1973, by Paul Weyrich, Edwin Feulner, and Joseph Coors. Growing out of the new business activist movement inspired by the Powell Memorandum, discontent with Richard Nixon's embrace of the " liberal consensus" and the nonpolemical, cautious nature of existing think tanks, Weyrich and Feulner sought to create a version of the Brookings Institution that advanced conservative acti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jennifer Granholm
Jennifer Mulhern Granholm (born February 5, 1959) is a Canadian-American lawyer, educator, author, political commentator, and politician serving as the 16th United States secretary of energy since 2021. A member of the Democratic Party, she previously served as the 47th governor of Michigan from 2003 to 2011, and as the attorney general of Michigan from 1999 to 2003, as the first woman to hold both offices. Born in Vancouver, British Columbia, Granholm moved to California at age four. She attended the University of California, Berkeley, graduated with a Bachelor of Arts degree in 1984 and then a Juris Doctor from Harvard Law School, where she was editor-in-chief of the ''Harvard Civil Rights-Civil Liberties Law Review''. She then clerked for Judge Damon Keith of the United States Court of Appeals for the Sixth Circuit, became an assistant U.S. attorney for the Eastern District of Michigan in 1991 and in 1995 she was appointed to the Wayne County Corporation Counsel. Granho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Headlee
Richard Harold Headlee (May 16, 1930 – November 9, 2004) was an American businessman and politician from Michigan. He was the unsuccessful Republican nominee for Governor of Michigan in the 1982 election. He was also known as the author of the Headlee Amendment, which requires voters' approval for many tax increases in Michigan. Early life Headlee was born in Fort Dodge, Iowa, to William Clark and Violet Lunn Headlee and grew up in Richfield, Utah. He graduated from Utah State University in 1953. After graduating from college, Headlee joined the US military and was stationed in Mannheim, Germany. He then came to Bountiful, Utah, where he joined the Jaycees and eventually became its national president in 1963. Political career In 1964, Headlee moved to Michigan. That year, he was appointed by Governor George Romney to run a program for Michigan servicemen in Vietnam. In 1966, Headlee served as Romney's campaign manager and the same year he was baptized as a member of the Chur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Engler
John Mathias Engler (born October 12, 1948) is an American businessman and politician who served as the 46th Governor of Michigan from 1991 to 2003. A member of the Republican Party, he later worked for Business Roundtable, where '' The Hill'' called him one of the country's top lobbyists. Engler has spent most of his adult life in government. He was serving in the Michigan Senate when he enrolled at Thomas M. Cooley Law School and graduated with a Juris Doctor degree, having served as a Michigan State senator since 1979. He was elected Senate majority leader in 1984 and served there until being elected governor in 1990. Engler served on the board of advisors of the Russell Kirk Center for Cultural Renewal, an educational organization that continues the intellectual legacy of noted conservative and Michigan native Russell Kirk. Engler also served on the board of trustees of the Marguerite Eyer Wilbur Foundation, which funds many Kirk Center programs. Engler was a member of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Michigan University
Central Michigan University (CMU) is a public research university in Mount Pleasant, Michigan. Established in 1892 as the Central Michigan Normal School and Business Institute, the private normal school became a state institution and renamed Central State Normal School in 1895 after the Michigan State Board of Education took over governance of the school. The institution came into its own as a university and gained its current name Central Michigan University in 1959 under the university's 6th president Judson W. Foust. CMU is one of the eight research universities in Michigan and is classified among "R2: Doctoral Universities – High research activity". It has more than 15,000 students on its Mount Pleasant campus. CMU offers 200 academic programs at the undergraduate, master's, specialist, and doctoral levels, including programs in entrepreneurship, journalism, music, audiology, teacher education, psychology, and physician assistant. The School of Engineering and Technology h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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