The left is going after big money in politics now in a big way. Actually, it is trying to delegitimize the funding by free market heroes such as Charles and David Koch while sanitizing its own. One of the problems with the left critique, however, is that there isn’t too much money, big or otherwise, […]
There’s an urban legend besetting the urbane that capitalism is a system of privilege designed for the Ebenezer Scrooges of the world. Not so. Capitalism works at least as well for us Bob Cratchits as it does for misers, probably better. Capitalism is the only proven mechanism by which the workers of the world may […]
It may have been one of the strangest moments in the history of modern presidential politics. Presidential aspirant Paul Ryan gave the world a false “Sister Souljah Moment” in publicly dissing a key portion of the legacy of Jack Kemp at the Kemp Foundation Leadership Award Dinner (which had honored Ryan himself with its leadership […]
The 2012 election was a tremendous setback for the Republican Party. Rather than fighting boldly for free markets and constitutional rights such as religious freedom, the GOP damaged itself with a message (not “messaging”) of banal platitudes. Then the GOP superconsultants misspent their billion dollars on lucrative media, pollsters and second-rate cyber tech. Meanwhile, the Democrats […]
A long time ago in a galaxy far, far away, America – and the world around it – was rapidly descending into Economic Hell. It was a protracted, confused, process called “the ‘70s.” A number of problems were causing recession, unemployment, and suffering, quantified by “the Misery Index” at twice the depth as today’s. America also was enmeshed […]
Liberals do not grasp the distinction between Ronald Reagan and (either) George Bush. This blind spot creates a massive confusion and hazard to their ambitions. Obama defeated neither the Reagan Narrative nor Team Reagan. Team Bush appropriated, and then marginalized, both. Obama beat Team Bush, not Team Reagan. The implications are huge. There was a […]
The Wall Street Journal, upon the release of the most recent annual GDP growth figure of 2% (up from 1.3% in the previous quarter), observes: The economy plowed ahead at a 2% growth rate in the third quarter, which thrilled more than a few of our liberal friends who think it’s enough to re-elect President Obama. […]
Are central bankers about to embrace the real world? The events at most central banking conclaves are a total, excruciating, bore. The recent gathering of the Federal Reserve’s tribes at Jackson Hole, however, produced an elegant, compelling, presentation by rising star central banker Andy Haldane. Finally, a youth in the banquet hall declaring that the […]
In the iconic movie Goldfinger the villain, Auric Goldfinger, pursues a nefarious scheme, code-named “Operation Grand Slam,” to contaminate America’s gold horde at Fort Knox, thereby leveraging the value of his own, uncontaminated, holdings. Bond: Yes, well, I’ve worked out a few statistics of my own. 15 billion dollars in gold bullion weighs 10,500 tons. […]
In this world, what isn’t lacking, somewhere, though? Sometimes it’s this, or that: here what’s missing’s gold. – Goethe, Faust, Part II, translated by A.S. Kline Paul Krugman, in his New York Times column of August 24, “Galt, Gold and God,” rails against an interest in the gold standard, which he attributes to Paul Ryan. Krugman lambastes Ryan, ironically enough, […]
