Economics

Recently, I numbered among the twenty-some self-styled conservatives, organized by Steve Lonegan, who gathered at the headquarters of the Federal Reserve to meet with Chair Janet Yellen and governor Lael Brainard. (Steve is Director of Monetary Policy...

The good intentions of the UN Universal Declaration of Human Rights took place in stages. Drafted in large measure as a response to the horrors of World War II and in the face of the continuing horrors...
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There is an impatient restlessness inside our globalized economy that is constantly tearing down and building anew. This particular aspect of the economy is like an unstoppable machine that runs over all obstacles. To resist is considered...
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How often can writers pretend to discover some well-known thing for “the first time ever?” With poor Adam Smith it has happened...
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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...
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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...

The musty old document that supposedly governs this country, the Constitution of the United States put into practice way back in 1789, makes no provision for the governmental institution that has proven the most influential of our...