The Power of Independent Thinking


Stay Connected
Get the latest updates straight to your inbox.

Volume 23  Number 3  •  Winter 2019
All Issues:  

The Fall and Rise of Laissez-Faire in the United States, 1789-1900
By Burton W. Folsom, Jr.
This article appeared in the Winter 2019 issue of The Independent Review

Corporatist cronyism didn’t come to the United States gradually or inevitably, as Munger and Villareal-Diaz imply. It came during George Washington’s presidency, endured until the relatively laissez-faire period of the Gilded Age, and returned with a vengeance when the Progressive Era inaugurated a new reign of interventionism and cronyism.

This article will be posted in full nine months after its initial print publication. To read it now, please download the issue via the Independent Review app (available on iOS, Kindle Fire and Android) for $2.99, or buy a print copy of this issue for $12.00.

  • Catalyst