Articles
The Hidden Cause Of The Industrial Revolution
What if the Industrial Revolution began not with steam, but with property rights?
August 17, 2026 • 72 Min Watch
Two prominent Democratic presidential candidates want to impose “wealth taxes” on millionaires’ holdings. A prominent liberal economist declares that no billionaire ever made their fortune legitimately. John Cochrane, a renowned economist and the Hoover Institution’s Jack and Rose-Marie Anderson Senior Fellow, explains how and why “wealth” became a pejorative term and where we go from here.
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