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The Stupendous US Record Gets Suppressed

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The Stupendous US Record Gets Suppressed mBank – CASE Seminar Proceedings No. 151/2018 Zeszyty mBank – CASE Nr 151/2018 Amity Shlaes The Stupendous US Record Gets Suppressed Zdumiewające karty amerykańskiej historii pozostają w ukryciu mBank – CASE Seminar Proceedings are a continuation of BRE–CASE Seminar Proceedings, which were first published as PBR – CASE Seminar Proceedings Zeszyty mBank – CASE są kontynuacją serii wydawniczej Zeszyty PBR – CASE i następującej po niej serii BRE Bank – CASE CASE – Centrum Analiz Społeczno-Ekonomicznych – Fundacja Naukowa Al. Jana Pawła II 61/212, 01–031 Warszawa mBank SA ul. Senatorska 18, 00–950 Warszawa Scientific editor / Redakcja naukowa Ewa Balcerowicz Series Coordinator / Sekretarz Zeszytów Aleksandra Polak Translation / Tłumaczenie Ewa Balcerowicz DTP Katarzyna Godyń-Skoczylas Key words : USA, contemporary economic history, progressives versus proponents of free markets, economic growth, welfare state, taxes, redistribution policies, the role of markets, the role of government Słowa kluczowe: USA, współczesna historia gospodarcza, progresywiści versus zwolennicy wolnego rynku, wzrost gospodarczy, społeczeństwo dobrobytu, podatki, polityki redystrybucji EAN 9788371786709 Publisher / Wydawca CASE – Centrum Analiz Społeczno-Ekonomicznych – Fundacja Naukowa, al. Jana Pawła II 61/212, 01–031 Warszawa CASE – Center for Social and Economic Research and mBank Foundation are grateful to the Manhattan Institute for the permission to publish and translate Amity Shlaes' paper. CASE – Centrum Analiz Społeczno-Ekonomicznych i Fundacja mBanku dziekują Manhattan Institute za zgodę na publikację i tłumaczenie na język polski arykułu Amity Shlaes. Disclaimer The paper contains the views of its author and not of the institutions with which she cooperates. Nota prawna Tekst wyraża poglądy autorki, a nie instytucji, z którymi jest związana. [bio notka] Amity Shlaes Amity Shlaes Amity ShlaesAmity chairs Shlaes the board chairs of thethe Calvin board Coolidge of the CalvinPres- AmityCoolidge Shlaes Presidential jest przewodniczącą Foundation rady and Calvin serves Coolidge as idential presidentialFoundation scholarand serves at the as King's presidential College. scholar She isPresidential the author ofFoundation four New orazYork Timeswykładowczynią bestsellers, w King’s at the King'sThe College. Forgotten She isMan the authorGraphic, of fourThe New Forgotten York College.Man: A Napisała New History cztery ofksiążki, the Greatktóre znalazłyDepression, się na li- Times bestsellers,Coolidge: The a fullForgotten biography Man ofGraphic, the thirtieth The For president,- ście bestsellerów and The Greedy„New York Hand: Times”: Why „The Taxes Forgotten Drive Man Americans Crazy. Miss Shlaes chairs the jury for the prestigious Hayek Book Prize, serves as gotten Man: A New History of the Great Depression, Cool- Graphic” (Zapomniany Człowiek: portret pamięciowy), a member of the Hoover Institution's Regulation and Law Initiative. She has three decades of idge: a fullexperience biography inof journalismthe thirtieth and president, has served and as The a member„The Forgotten of the Wall Man: Street A New Journal's History editorialof the Great board, Depres - Greedy Hand:and columnist Why Taxes at Drive Bloomberg Americans and Crazy.the Financial Miss sion” Times. (Zapomniany She served Człowiek: as a senior Nowa fellow historia in political Wielkiego Shlaes chairseconomy the jury at for the the Council prestigious on ForeignHayek Book Relations Prize, forKryzysu), half a decade.„Coolidge”, Miss pełnej Shlaes biografii was first trzydziestego in Poland pre- serves as ina member 1989, for of thethe Hoover Wall Street Institution's Journal, Regulationand has publishedzydenta USA a book oraz on „The Germany. Greedy Hand:Miss ShlaesWhy Taxes is the Drive and Law Initiative.winner of Shethe hasHayek three anddecades Bastiat of experience Prizes. A in magnaAmericans cum Crazy” laude (Zachłanna graduate ofręka: Yale Dlaczego College podatki and do- journalismwinner and has of served the American as a member Academy of the Wall in StreetBerlin JPprowadzają Morgan fellowship,Amerykanów Miss do szaleństwa).Shlaes is married Amity Shlaesto Journal's editorialfellow author board, Sethand columnist Lipsky. Theat Bloomberg Lipskys andhave fourprzewodniczy children. jury prestiżowej Hayek Book Prize i jest the Financial\\ Times. She served as a senior fellow in politi- członkinią Regulation and Law Initiative przy Instytu- cal economy at the Council on Foreign Relations for half a cie Hoovera. Ma 30 lat doświadczenia w dziennikar- decade. Miss Shlaes was first in Poland in 1989, for the Wall stwie, była członkinią redakcji „Wall Street Journal” Street Journal,Amity and Shlaes has published jest przewodniczącą a book on Germany. rady Calvin Miss Coolidge i felietonistką Presidential Bloomberga Foundation oraz oraz Financial wykładowczynią Times. Przez w King’s College. Napisała cztery książki, które znalazły się na liście bestsellerów „New York Times”: Shlaes is the winner of the Hayek and Bastiat Prizes. A mag- pół dekady wykładała ekonomię polityczną w Council „The Forgotten Man Graphic” (Zapomniany Człowiek: portret pamięciowy), „The Forgotten Man: A na cum laudeNew graduate History of Yalethe GreatCollege Depression” and winner (Zapomnianyof the on ForeignCzłowiek: Relations. Nowa historia Po raz Wielkiego pierwszy Kryzysu), przyjechała American„Coolidge”, Academy in pełnejBerlin biografiiJP Morgan trzydziestego fellowship, prezydentaMiss do PolskiUSA, orazw 1989 „The roku, Greedy pisząc Hand: wówczas Why Taxes dla Wall Drive Street Shlaes is marriedAmericans to fellow Crazy” author (Zachłanna Seth Lipsky. ręka: The Dlaczego Lipskys podatkiJournal. doprowadzają Opublikowała Amerykanówrównież książkę do o szaleństwa).Niemczech. Jest have four Amitychildren. Shlaes przewodniczy jury prestiżowej Hayeklaureatką Book Prizenagród i jest Hayeka członkinią i Bastiata. Regulation Ukończyła and Law z wyró- Initiative przy Instytucie Hoovera. Ma 30 lat doświadczeniażnieniem Yale w dziennikarstwie,College i była byłastypendystką członkinią American rady wydawniczej „Wall Street Journal” i felietonistką AcademyBloomberga w Berlinie.oraz Financial Żona publicysty,Times. Przez Setha pół dekadyLipsky’ego. wykładała ekonomię polityczną w Council on Foreign Relations. Po raz pierwszy przyjechała do Polski Mają czwórkę dzieci. w 1989 roku, pisząc wówczas dla Wall Street Journal. Opublikowała również książkę o Niemczech. Jest laureatką nagród Hayeka i Bastiata. Ukończyła z wyróżnieniem Yale College i była stypendystką American Academy w Berlinie. Żona publicysty, Setha Lipsky’ego. Mają czwórkę dzieci. mBank – CASE Seminar Proceedings No. 151 / Zeszyty mBank – CASE Nr 151 4 Table of Contents Spis treści 1. American history is no longer a history of opportunity 6 Amerykańska historia nie jest już historią możliwości 2. The successful pro-markets campaign and policies by Harding and Coolidge in the 1920s 10 Udana pro-rynkowa kampania i polityka Hardinga i Coolidge’a w latach 1920. 3. The reversal of the economic policy in the 1930s: Hoover’s and Roosevelt’s New Deal focus on social justice 14 Odwrót od dotychczasowej polityki gospodarczej w latach 1930.: Nowy Ład Hoovera i Roosevelta koncentruje się na sprawiedliwości społecznej 4. The 1960s: The Great Society program promotes redistribution 17 Lata 1960.: program Wielkie Społeczeństwo promuje redystrybucję 5. The 1970s: the bill for the Great Society program to be paid 19 Lata 1970: trzeba zapłacić rachunek za program Wielkie Społeczeństwo 6. What now? 21 I co teraz? In America, free marketeers may sometimes win elections. W Stanach Zjednoczonych zwolennicy wolnego rynku But they are not winning U.S. history. mogą czasem wygrać wybory. Jednak nie są oni zwycięzca- mi w amerykańskiej historii. 1. American history is no longer a history 1. Amerykańska historia nie jest już historią of opportunity możliwości In recent years, the consensus regarding the American W ostatnich latach konsensus dotyczący amerykańskiej past has slipped leftward, and then leftward again. przeszłości skręcił w lewo, a potem jeszcze raz w lewo. No longer is American history a story of opportunity, or Amerykańska historia nie jest już opowieścią o możliwo- of military or domestic triumph. America’s has become, ściach lub o militarnym czy krajowym tryumfie. Ameryka rather, a story of wrongs, racial and social. Today, any to teraz raczej historia krzywd – rasowych i społecznych. historical figure who failed at any time to support W dzisiejszych czasach każda postać historyczna, która abolition, or, worse, took the Confederate side in the nie poparła abolicji lub – co gorsza – stanęła po stronie Civil War, must be expunged from history. Wrongs must Konfederacji w wojnie secesyjnej, musi zostać z historii be righted, and equality of result enforced. wykreślona. Krzywdy muszą zostać naprawione, a rów- ność wyników wyegzekwowana. The equality campaign spills over into a less obvious field, one that might otherwise provide a useful check upon Kampania na rzecz równości przenika do mniej oczywi- the non-empirical claims of the humanities: economics. stej dziedziny, która w innym przypadku mogłaby dać nam In a discipline that once showcased the power of markets, przydatną metodę sprawdzania nieempirycznych twier- an axiom is taking hold: equal incomes lead to general dzeń nauk humanistycznych – do ekonomii. W dyscyplinie prosperity, and point toward utopia. Teachers, book naukowej, która kiedyś prezentowała siłę rynków, zaczyna club presidents, and especially professors
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