Historians and economists often refer to the United States experience under the Articles of Confederation as evidence against decentralised government finance. While it is true that the US government had difficulty raising money from the states during this period, we argue that these facts are a...

"Trade theorists agree that barriers to trade are declining. Still more progress could be made if trade barriers and government interventions were eliminated. One area in which government interference can and should be vastly reduced is that of agricultural production in general and US cotton...