Category Archives: Political Economy

The Great American Spend-a-thon

The volume of bad reporting in 2025 is truly astounding. Never have so many trees been felled for so little accurate information. For instance, the NY Times published a story that sniped at Bari Weiss, now the editor-in-chief at CBS … Continue reading

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The Very Radical Idea of Capitalism

The results of a poll released by the Gallup Organization on Monday were very instructive. In the poll they asked each respondent if they had a positive image of capitalism “just off the top of your head”.  They also asked … Continue reading

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Are Liberalism and Progressivism Compatible?

Robert Frost , the American poet, once observed that “A liberal is a man too broadminded to take his own side in a quarrel”. Which brings up an interesting question. Can American liberals differentiate their traditional brand of liberalism from … Continue reading

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John Stossel Demolishes Popularly Believed Myths about Capitalism

It is sad but true that most people believe that free markets represent a zero sum game. Winners only win to the extent that other people lose. In reality, nothing could be further from the truth. In a free market, … Continue reading

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Socialist Destructionism

Ludwig von Mises, a founder of the Austrian School of Economics served as a professor of economics at New York University from 1945 through 1969. He was a towering intellect who was influenced by and associated with some of the … Continue reading

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Progressive Fascism

“Everything in the State, nothing outside the State, nothing against the State.” Benito Mussolini “State intervention in economic production arises only when private initiative is lacking or insufficient, or when the political interests of the State are involved. This intervention … Continue reading

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Are They or Aren’t They?

Donald Trump insists that the Democrats are embracing socialism. Senior Democrats running for the Party’s presidential nomination call themselves socialists. We would seem to have a rare moment of bipartisan agreement.  But…Chris Edelson, an assistant professor of Government at American … Continue reading

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The EU Again

In a remarkably destructive bit of policy making, the EU announced that it will not sign any agreements with countries that are not party to the Paris Climate Accords. That includes free trade agreements. And of course, the country in … Continue reading

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Now What?

In response to Bashar Al-Assad’s use of nerve gas to attack his civilian population, President Donald Trump ordered an attack on the Syrian airport Assad’s Air Force used to launch the attack. Now what? It isn’t so clear what exactly … Continue reading

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To Trade or Not to Trade…

Economic Nationalism and the Trump Trade Agenda According to Steve Bannon, the second prong of the Trump Administration’s policy focus is “Economic Nationalism”. The obvious first question is: what, exactly, does Bannon have in mind when he refers to Economic … Continue reading

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