Economics

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You see one every day on the streets of Kathmandu, what a friend calls D3 meaning the Daily Dead Dog. Stiller and flatter than before, sometimes the canine corpses are hauled away by the city, at other...
4 479

It is a cliché that if we do not study the past we are condemned to repeat it. Almost equally certain, however, is that if there are lessons to be learned from a historical episode, the political class...
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President Obama has spent much of his time and effort “fighting economic inequality” since before his presidency began. Tax policies, spending programs, and rhetoric have combined over the past six years in particular to form a veritable War...

Former Federal Reserve Chair Alan Greenspan is on a gold roll. In September, Greenspan published a thought piece in Foreign Affairs musing on the indubitable monetary qualities of gold. “If, in the words of British economist John Maynard...

Every nation has its “founding myth,” as we are apt to hear from post-modern quarters. But is this ever true when it comes to our economic history. In curricula from K-12 to history graduate school, it is staple...
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We continue to see constant progress in reducing human labor to a mechanical routine, like the script followed by workers in chain restaurants or the swiping motion that’s pretty much the only skill left in staffing the Walmart...
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Justin Welby, the humble and good-humored Archbishop of Canterbury, marked himself from the beginning of his reign by the contrast he struck with his predecessor Rowan Williams, now Baron of Oystermouth. Lord Williams was one...
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The Pentagon’s $800 million spent on Afghan economic development has “accomplished nothing,” says the intrepid gumshoe hunting down waste, corruption and inefficiency. Meanwhile, he has 322 investigations still underway, across the US government’s similar $120 billion...
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Is there another academic as broadly educated, thought-provoking, understandable and just good-hearted as Deirdre McCloskey? There can't be many. In her scholarly breadth, if not her conclusions exactly, she rivals meta-historian Christopher Dawson. She...
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I hardly know where to start in responding to Messrs. Richards’ and Witt’s “response” to my earlier article on “Distributism in the Shire”. More to the point, I hardly know where to...
reaganomics

Last week at the President Ronald Reagan Ranch Center in Santa Barbara, Calif., the staff made a nice move. On the occasion of the publication of the first volume of the collected works of the progenitor...

In their impossibly good book Money, Markets, and Sovereignty (2009), Benn Steil and Manuel Hinds make the point that over the last four thousand years, the only period in which humanity has not consistently based its...
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In a very interesting interview in Catholic World Report on October 30, Jay W. Richards, co-author of The Hobbit Party, a new book examining the political thought of J. R. R. Tolkien, sought to distance Tolkien from...
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The German economist Wilhelm Röpke, commenting on the expansion of European welfare states in 1958, wrote, “To let someone else foot the bill is, in fact, the general characteristic of the welfare state and, on closer...