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Malcolm A. Kline

is the executive director of Accuracy in Academia (AIA), a non-profit research group reporting on bias in education. In that capacity, Kline serves as editor-in-chief of AIA’s two web sites—www.academia.org and www.campusreportonline.net. Kline also edits AIA’s monthly newsletter, Campus Report. He has hosted a monthly online broadcast on www.rightalk.com.

He previously worked as the editor of the National Journalism Center (NJC) and has written for a variety of publications including USA TodayCrisis magazine, The American EnterpriseOrganization Trends (from the Capital Research Center), Insight magazine, Human EventsThe National Catholic RegisterThe Non-Profit Times, andConsumer’s Research magazine. A graduate of the University of Scranton, Kline also worked as an intern at the NJC, contributing research for columnist Donald Lambro’s syndicated column.

The husband of the former Annie-Grace Saungweme, and father of three, the native Pennsylvanian now makes his home in Triangle, VA.

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Forgotten History of America’s Economic Past

April 7, 2016, Malcolm A. Kline, 

One of the nice things about going to a meeting of actual scholars, as opposed to academics who dominate most academic associations, is that you get to hear some forgotten history you might otherwise be unaware of.

“Sir Isaac Newton was named master of the mint,” economist George Gilder pointed out at the Philadelphia Society’s national meeting in Charlotte, North Carolina last weekend. “By the time he left office, gold was established as the basis for the value of the pound.”

“It was the climax of his career. His motto was, ‘One God, one man, one money.’”

The Philadelphia Society was formed in 1964 in the wake of the Goldwater defeat.

Interestingly, Gordon Lloyd of the Ashbrook Center notes that most historians who do primary research agree that America stumbled into the free market system that became its economy for a couple of hundred years. Lloyd attributes the trend to the forceful personality and emphasis on money of America’s first Treasury secretary, Alexander Hamilton.

David Walsh of Catholic University offered a wry take on the origins of capitalism itself. “You could find the original capitalism in the monks who were given a plot of land and told to work it and did so with a vengeance,” Walsh said. “But they drank too much wine and became less productive.”

“They started with a glass a day and worked their way up to a full bottle.”

Photo by Marion Doss http://www.academia.org/wp-content/plugins/wp-inject/images/cc.png

Photo by Marion Doss http://www.academia.org/wp-content/plugins/wp-inject/images/cc.png

Posted in Perspectives. Tagged as academiaAccuracy in AcademiaAlexander HamiltonAshbrook CenterCatholic UniversityCatholic University of AmericaDavid WalsheconomicsGeorge Gilder,Gordon LloydIsaac NewtonmintPhiladelphia SocietySir Isaac NewtonThe Philadelphia Society,U.S. history