Today in History: March 9
Adam Smith’s book on economics and philosophy, “An Inquiry into the Nature and Causes of the Wealth of Nations,” or, more familiarly, “The Wealth of Nations,” was published by W. Strahan and T. Cadell in London 240 years ago today. It was an instant, influential, best-seller and began to be cited in taxation policy discussions within months and referenced by politicians in London and America within a year of publication. Here is my attempt from last year at explaining my understanding of economics and Adam Smith’s influence: “Higgling, Haggling, Swapping, Dickering.”
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Sixty-two years ago tonight, CBS broadcast “A Report on Senator Joseph McCarthy” on its half-hour “See It Now” news broadcast. Hosted by Edward R. Murrow, it was a close look at the Wisconsin Republican’s several year-long campaign against Communists that he had claimed had infiltrated our government and the armed forces. Murrow used video and film of McCarthy’s own speeches to show his many contradictions, obfuscations, and possible lies. McCarthy’s only replies to the show were personal and insulting against Murrow and did not address anything of substance. The McCarthy Era in its then-specific guise was ending; McCarthyism still exists. A clip (below the fold):
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