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Groundhog Day

On February 2, 1887, Punxsutawney, Pennsylvania celebrated the first Groundhog Day. On the same day in 1976, the Groundhog Day gale hit the north-eastern United States and south-eastern Canada.

In 2009, the Reserve Bank of Zimbabwe officially devalued the Zimbabwean dollar for the third and final time, making Z$1 trillion now only Z$1 of the new currency, equivalent to Z$10 septillion before the first devaluation. Politicians in Zimbabwe looked up, saw their shadow, and realized that they had only a couple months more of their inflation binge. Indeed, the legalization of trading currencies, the previous month, had sealed the fate of Zimbabwe’s independent dollar. The Zimbabwean dollar was abandoned officially on the 9th of April, 2009.

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Corn Law repeal

On January 31, 1849, the Corn Laws were abolished in the United Kingdom, one of the most impressive and far-reaching anti-protectionist moves of all time. “Corn” stood for all grains, including wheat, oats, barley, etc., and the free-trade agitation by John Bright and Richard Cobden (pictured) was one of the main impetuses for the reform.

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Jackson & Gandhi assassinations

On January 30, 1835, Richard Lawrence attempted to shoot President Andrew Jackson, but failed, subdued by a crowd, including several congressmen. That was the first attempt on the life of a sitting U.S. president.

Sadly, January 30, 1948, was the date upon which Indian pacificist leader Mohandes K. Gandhi was shot and killed.

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Albert Gallatin, Jan. 29

On January 29, 1761, Albert Gallatin was born. Gallatin served as the fourth United States Secretary of the Treasury — a post in which he served longer than any other in American history — advanced the anthropological and linguistic study of native Americans, and became the subject of a biography by Henry Adams. Called the “father of American ethnology,” he has been honored with a 1967 U.S. stamp (pictured) as well as many placenames, including the Gallatin National Forest in Montana.

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Molinari died, January 28

On January 28, 1912, Belgian economist Gustave de Molinari died. The last major economist of the French Liberal School, heir to Frederic Bastiat, and a prominent advocate of laissez faire, Molinari’s last book, “The Society of To-morrow” (the only one of his many books to be translated into English in his day) envisioned a future of extremely limited government, arguing against the growing tide of socialism and war that was becoming the then-near future.

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Auschwitz liberated

On January 27, 1945, the Red Army liberated the Auschwitz-Birkenau concentration camp built by the Nazis.

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January 25, Russia nukes

On January 26, 1992, Boris Yeltsin announced that Russia would stop targeting United States cities with nuclear weapons.

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Beaumarchais, Jan 24

On January 24, 1732, French playwright, watchmaker, inventor, musician, diplomat, fugitive, spy, publisher, horticulturalist, arms dealer, satirist, financier, and revolutionary (both French and American) Pierre-Augustin Caron de Beaumarchais was born. He proved instrumental in securing armaments for the America Revolution, but remains best known for his three “Figaro” plays, Le Barbier de Séville, Le Mariage de Figaro, and La Mère coupable.

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Irving Kristol

On January 22, 1920, American pundit and author Irving Kristol was born.

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Alger Hiss

On January 21, 1950, Alger Hiss was convicted of perjury, with Whittaker Chambers being the main witness in Hiss’s prosecution. Chambers confessed to having been a Soviet spy, and accused Hiss as an accomplice, which Hiss denied to his dying day. Chambers wrote a fascinating memoir about all this in Witness.

Today is economist Tyler Cowen’s birthday. Happy Birthday, Tyler.