Close Menu
    What's Hot

    This Washington, DC, Rowhouse From 1794 Is on the Market

    July 1, 2026

    Cardano Price Prediction: Ghost Chain Debunked

    July 1, 2026

    JPMorgan Ultra-Short Income ETF declares monthly distribution of $0.1707

    July 1, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Economy»Lessons from Lincoln, Then and Now
    Economy

    Lessons from Lincoln, Then and Now

    Press RoomBy Press RoomMarch 21, 2025No Comments6 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    As The United States approaches its 250th anniversary in 2026, there is no better time to study the great men and women who built, protected, and improved the nation. Many historians regard Abraham Lincoln as America’s greatest President, for good reason. Lincoln mended the fractured United States, wrote the Emancipation Proclamation, and gave some of the most impactful speeches in American history. Through examining three of Lincoln’s speeches, EconTalk host Russ Roberts and Diana Schaub show how Lincoln’s commitment to the principles of the founding, and vision for a freer and more united future can assist Americans in resisting the current challenges to democratic governance, just as Lincoln did during the Civil War.

    The three speeches Schaub pegs as Lincoln’s greatest are The Gettysburg Address, his Second Inaugural Address, and the lesser-known Lyceum Address. Schaub emphasizes Lincoln’s ability to blend America’s past, present, and future to address threats to freedom and democracy while affirming the framework the founders set in place.

    This is most noticeable in Schaub and Roberts’ discussion of The Lyceum Address. Lincoln lauds the founders for providing a system of republican governance and individual freedom while describing how his generation might continue to protect that system. Lincoln’s journey through the speech covers the founding, potential separation, and permanent reconciliation, offering an early preview of the forces that would drive America to the Civil War:

    It is very early. Lincoln is very young. But it is a comprehensive reflection on the nature, and especially the dangers and threats, to popular government–to democratic government. So, it really is a very comprehensive political reflection. He speaks about founding. He speaks about the possibility of destruction. And then he hints at the possibility of saving a republic or what would be necessary to save a republic… He is opposed to the Democrats, but he does not specifically attack Andrew Jackson or Stephen Douglas. But that’s kind of in the background. So, I think what he shows, instead of making it so explicitly partisan, he really digs deeper and shows these underlying threats to democracy, which might take partisan form, but are more profound.

    What are the threats to freedom and democracy Lincoln discusses? Lincoln regarded the sharp increase in mob violence and fanaticism during the 1830’s as a signal of a burgeoning rejection of institutions in favor of vigilantism, populism, and demagoguery. Schaub argues that maintaining a republic is more difficult than founding one, and she pinpoints a consistent challenge for democracies in channeling individual ambition. Lincoln articulated how the passion for greatness which helped forge the United States was also leading to its separation, as autocrats sought destroy the principles of the founding and establish their own legacy.

    Lincoln’s speeches warn against mob rule, not only because of the danger of vigilantism to individual freedom, but also because those not participating in mob violence lose faith in the ability of established democratic and legal institutions to promote justice and security. This opens the door for an autocrat:

    So, he says that the lawless in spirit will become lawless in practice. And then, the more worrying effect is that: What about the good citizens? What effect does this have on them? And he says: When they see government breaking down in this way and not holding people to the law, they will become alienated from the government. He says: This alienation can go so far that they become alienated not just from a particular government or a particular administration, but they become alienated from the very form of government. In other words, they give up on popular government. What they want is safety and tranquility, security of person and property. And, when they see this happening around them, they are likely to turn to the strongman–the demagogue who promises that he can get things back in order.

    In The Second Inaugural Lincoln showed his deep commitment to principle. Schaub and Roberts go over how Lincoln won election during wartime and issued the Emancipation Proclamation not out of his own abolitionism, but due to his belief that emancipation was necessary to save the union. In these examples, Lincoln’s adherence to institutions is clear, particularly democracy and the rule of law. Lincoln stressed using one’s rights, such as speech and assembly, to democratically change unjust laws and warned that breaking the law- even for a good purpose, diminishes reverence for the rule of law and undermines the legitimacy of democratic decisions.

    Because all men are created equal, because there are no natural rulers, the only way we can rule is through the consent of the governed. We are bound by the determinations of the majority. As I say, that is not to say that the majority is always right. They are often wrong, but we have democratic mechanisms to change democratically arrived-at law. Lincoln says, ‘You’ve got to use speech.’ Free press, free speech, right of assembly, right of petition. So, we have all kinds of avenues to reach our fellow citizens and convince them that they are wrong and that things need to be changed. But Lincoln says that is the only allowable method. To go outside that is actually to deny majority rule and to deny the equality principle on which majority rule is based. So, he is emphatic about this: Civil disobedience is destructive of civil government.

    The last key point in the podcast concerned the impact of rhetoric on the character of the nation. Roberts finds current political rhetoric in America to be far below the standard of Lincoln (Schaub agrees), but warns against the dangers of rhetoric. Rhetoric can be a powerful weapon in the hands of tyrants and demagogues. Schaub’s solution is referential of Lincoln’s: it is necessary to study the blueprint that the patriotic and democratic rhetoric of past American leaders. This blueprint is in the founding documents, and the very speeches Schaub and Roberts are discussing, which are key to fulfilling Lincoln’s project to build American pillars of self-governance, freedom, and equality which reaffirm and protect the themes of the founding

    My only solution is we still have the annals of political rhetoric. It is what shaped a great writer like Lincoln, and it’s always possible for people to go back to that and steep themselves in it. There must be people out there capable of doing that, and then figuring out what would be the kind of rhetoric for our moment and our democratic audience.

     

    Related EconTalk Episodes:

    Injustice and the “Letter from Birmingham Jail” (with Dwayne Betts)

    Bruce Bueno de Mesquita on Democracies and Dictatorships

    Bruce Bueno de Mesquita on the Spoils of War 

    Jill Lepore on Nationalism, Populism, and the State of America

    How the Constitution Can Bring Us Together (with Yuval Levin)

     

    Related Liberty Fund Network Content:

    Lincoln’s Lessons for Turbulent Times, by Carson Holloway, at Law and Liberty

    Understanding Lincoln’s Cardinal Principles, by Tyler MacQueen, at Law and Liberty

    Lawerence Reed on Best and Worst American Presidents, The Great Antidote Podcast, at Adam Smith Works

    The Elusive Goal of Political Stability, by Arnold Kling, at Econlib

    How Libertarian Was the Civil Rights Movement? by Bryan Caplan, at Econlib



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Wall Street slides as valuation concerns, rate-cut jitters linger

    November 18, 2025

    Wall St opens lower as valuation concerns, rate-cut jitters linger

    November 18, 2025

    They solved for the Kansas City Chiefs enforcement equilibrium

    September 5, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    This Washington, DC, Rowhouse From 1794 Is on the Market

    July 1, 2026

    Cardano Price Prediction: Ghost Chain Debunked

    July 1, 2026

    JPMorgan Ultra-Short Income ETF declares monthly distribution of $0.1707

    July 1, 2026

    Deloitte Digital’s Mark Singer Says CMOs Have to Be OK With Ambiguity

    July 1, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • July 2026
    • June 2026
    • May 2026
    • April 2026
    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.