SkipCaptcha
35,519
edits
Changes
Jump to navigation
Jump to search
Line 60:
Line 60: + + +
→1940s: World War II and aftermath
The last 40 years have seen a gigantic expansion of political power over economic affairs by the federal government. This change is linked by many scholars to the passage of the income tax law in 1913.}}
The last 40 years have seen a gigantic expansion of political power over economic affairs by the federal government. This change is linked by many scholars to the passage of the income tax law in 1913.}}
Buffett notably drew "0" ratings from the [[Americans for Democratic Action]], a liberal political organization.<ref>Rothbard, Murray N. (August 1994). [https://www.lewrockwell.com/1970/01/murray-n-rothbard/life-in-the-old-right/ Life in the Old Right]. ''LewRockwell.com''. Retrieved October 16, 2021.</ref> He also supported a return to the [[gold standard]],<ref>Lubin, Gus (February 14, 2012). [https://www.businessinsider.com/tired-of-warren-buffett-trashing-gold-here-are-some-quotes-from-his-gold-loving-father-2012-2 Tired Of Warren Buffett Trashing Gold? Here Are Some Quotes From His Gold-Loving Father]. ''Business Insider''. Retrieved October 16, 2021.</ref> and served as Robert Taft's 1952 campaign manager for the [[Midwest]].<ref>Rothbard, Murray N. (June 10, 2005). [https://mises.org/library/confessions-right-wing-liberal Confessions of a Right-Wing Liberal]. ''Mises Institute''. Retrieved October 16, 2021.</ref>
[[File:Perry_Wilbon_Howard,_II.jpg|thumb|right|225px|Taft's bid for president in 1952 was supported by [[Perry W. Howard, II]].]]
[[File:Perry_Wilbon_Howard,_II.jpg|thumb|right|225px|Taft's bid for president in 1952 was supported by [[Perry W. Howard, II]].]]
===1950s: Taft vs. Eisenhower, decline of the Old Right===
===1950s: Taft vs. Eisenhower, decline of the Old Right===
Sen. Taft sought the presidency in the [[United States presidential election, 1952|1952 presidential election]], and faced General [[Dwight Eisenhower]] in the Republican primaries. The former was an adamant conservative and isolationist while the latter was considerably more moderate and favored [[internationalism]].
Sen. Taft sought the presidency in the [[United States presidential election, 1952|1952 presidential election]], and faced General [[Dwight Eisenhower]] in the Republican primaries. The former was an adamant conservative and isolationist while the latter was considerably more moderate and favored [[internationalism]].