The reason why I am not a liberal is because liberal means can never achieve liberal ends—and nowhere is that more apparent than in the state of California. For decades, California has been an enclave of liberalism, an experiment in liberal governance and liberal ideology. Even when Arnold Schwartzenegger was elected governor, ostensibly as a [...]
Entries In The Category "Economics"
Today would have been the 100th birthday of Milton Friedman, the economist and author who helped inspire some of the most important economic policies of our time and helped millions of people escape poverty. Friedman doesn’t get much recognition outside of economic circles, but his achievements in that field were more than just writing a [...]
The news on the economy continues to be bleak—while unemployment is down from nearly hitting double digits, it’s still stuck well above the historical average. GDP growth continues to be sluggish. Businesses are skittish about hiring, which only adds to the troubles. Despite the yearly promises from the Obama Administration about a “recovery summer” (this [...]
Tom Friedman phones it in again, in yet another New York Times column filled with the same old cliches we’ve heard a thousand times. This time, instead of kissing the asses of the Butchers of Beijing, Tom Friedman decides to give the GOP some unsolicited and unwelcome advice. Apparently, what the Republican Party needs to [...]
Niall Ferguson has an excellent article in Newsweek on how American civilization can avoid a precipitous collapse. His advice boils down to a proposition that’s simple in theory, but difficult in practice: the United States must return to the system of values that made it what it is today. Specifically, Ferguson identifies six “killer applications” [...]
As the old saying goes, “insanity is doing the same thing over and over again and expecting different results.” By that definition, President Barack Obama is frigging bugnuts. This evening, President Obama called on Congress to pass the “American Jobs Act,” which is little more than another round of the same failed stimulus that was [...]
In The New Republic, Raghuram G. Rajan argues that income inequality is the real reason for the financial crash. Income inequality is one of the favorite themes of the left, but Rajan’s argument has some merit to it. He observes: Economists argue over the reasons for the growing inequality—changes in taxation, increasing trade, weaker unions, [...]