David Stockman wrote a comprehensive polemic economic analysis in the New York Times Sundown in America: How Crony Capitalism has Left Us State Wrecked Also from the New York Times – A Gallery of Economic Villains and Heroes as a companion piece Some retorts
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David Stockman writes Sundown in America: How Crony Capitalism has Left Us State Wrecked in the 4/1/13 New York Times. Excerpts: THE state-wreck ahead is a far cry from the “Great Moderation” proclaimed in 2004 by Mr. Bernanke, who predicted that prosperity
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John Podhoretz writes Its Time to Get Serious in Commentary, April 2013 Excerpts: The common idea during his first term—peddled by, among others, Mitt Romney as he sought a way to criticize the president that would not offend too
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From The Road to Oligarchy by Daniel Greenfield in Sultan Knish Excerpts: In most countries, starting a business does not begin with a great idea. It begins with connections. Knowing the right people is still important, but in most places it’s the most
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“They’ll condemn the pope for the silliness of organized religion, but then later they tell us we should understand those who—in the name of religion—want to kill us. They’ll order us to “question authority,” then they’ll parrot the latest left-wing
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Daniel Greenfield wrote Capitalism: A Hate Story in his blog, The Sultan Knish, 2/27/13. Excerpt: Ever since the birth of democracy and even before it, politics has come down to who claims to care the most for the people. There was hardly a
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A common refrain of those who support greater government control of health care is that free market capitalism just does not work in health care policy. It is like saying that the fundamental laws of economics do not apply. But
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“I also quoted a favorite passage of mine from Robert Frost’s poem “The Black Cottage”: Most of the change we think we see in life Is due to truths being in and out of favor. The “truths” that form the
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We treat the new revolution in technology as if it provides grounds for dismissing long established truths and principles. Yet compared to the printing press, the internal combustion engine, flight, the auto, electricity, cellular technology, and nuclear power perhaps this new technology is not so ‘epochal’ as we think.
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Glen Harlan Reynolds wrote Are we living in the Hunger Games?, 11/27/12 in USA Today. Excerpts: Washington is rich not because it makes valuable things, but because it is powerful. With virtually everything subject to regulation, it pays to spend
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From Scott Grannis at his blog, Calafia Beach Pundit, Why Is Everybody so Gloomy? 3/21/13 So much money was handed out in such a relatively short period that it could conceivably have caused perverse incentives (e.g., rewarding those who weren’t working)
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I don’t know why Obama is lecturing Israelis about the justification for a Palestinian state. They have already agreed to it several times. Does he have the balls to lecture the Palestinians about the need to respect the existence of
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Victor Davis Hanson writes America’s Big Fat Advantage in Townhall (online) 4/21/13 Excerpts: The mixture of consumer capitalism and constitutionally protected free speech — and all sorts of races, religions and ethnicities — sometimes means that America can be a
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Steve Forbes writes Gold and the Wicked Magicians in the November 19, 2012 issues of Forbes. Excerpts: Despite thousands of years of experience to the contrary, central bankers and countless policymakers and economists believe that money manipulation can stimulate and
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David Brooks writes The Progressive Shift in The New York Times, 3/18/13 Excerpts: Now, of course, liberals have always believed in Keynesian countercyclical deficit spending. But that was borrowing to brake against a downturn when certain conditions prevail: when the
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I have posted several article seeking better information about the myths commonly accepted about the gaps in income and wealth distributions. Some of this analysis in seen here, here, here, here, here, here, and here. Daniel Greenfield in his excellent
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From The GOP of Old by William Kristol in The Weekly Standard, Excerpt: It was (well-deserved) war weariness after World War II that led to a precipitous drawdown in Europe that in turn helped make possible Stalin’s subjugation of Eastern
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Reading Writing by Mark Perry The GOP of Old by William Kristol Beware of The New Elites by Scott Rasmussen Fouad Ajami: Ten Years Ago, an Honorable War Began With Wide Support in The Wall Street Journal Government Money by Daniel
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Arthur Brooks writes Republicans and Their Faulty Moral Arithmetic in the Wall Street Journal, 3/3/13 Excerpt: Meanwhile, the record of free enterprise in improving the lives of the poor both here and abroad is spectacular. According to Columbia University economist Xavier Sala-i-Martin,
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