The tariffs and the growing debt are threats, but bull markets do not require perfection. They just require sound fundamentals and a dearth of alternative investments.
Read MoreCollege has largely become an over priced trade school. Demonization has been substituted for understanding; virtue signaling has been substituted for humility.
Read More“The accuser has to prove the allegation in a court of law or in some other venue where the accused can challenge the facts. Otherwise we have a Jacobin system of justice in which “J’accuse” becomes the standard and anyone can be ruined on a whim or a vendetta.”
Read MoreDonald Trump is the devil, removing any need for rationality, morality or honesty from the resistance movement. The evil of Donald Trump is required to justify the batshit behavior we have witnessed at the Kavanaugh hearing.
Read More“What can’t be stressed enough about what happened in 2008 is that for economies to grow and markets to rise, it’s necessary that the mediocre and lousy constantly be replaced by the good and brilliant. “
Read MoreThe belief in a ‘general will’ or the ‘people’s will’ is a myth. It is the calling card of the progressives as well as the socialists and Mussolini’s brand of fascism. We are a collection of interests and factions and the constitution is a system to balance those interests, not to ignore them or oppress them.
Read MoreWhat is the difference between populism and democracy? What if the populist movement is not nativist or anti-pluralistic, but in favor of restoring the right of free speech to illiberal college campuses with their stifling political correctness, and abject intolerance?
Read More“The California Teachers Association (CTA) boasts a stunning 325,000 members. Their political clout is no small matter, since this one union from one state has “spent more in political campaigning over the last decade than the pharmaceutical industry, oil industry, and tobacco industry—combined.”
Read More“The only way to undo this “vast blunder,” says Mr. Gilder, is to forgive student loans across the board and “extract the money from all the college endowments and funds that were used to just create useless departments and political campaigns.”
Read More“If Wyoming has to do things the same way as New Jersey, then the battle over federal power — and especially the metastatic power of the ever-more-princely presidency — must be understood by partisans and culture warriors as existential. That, and not the endangered state of what remains of American federalism, is what most deeply ails the body politic.”
Read More“The financial crisis revealed a horrific meatloaf of bad policy and bad actors, but it does not excuse an individual for refusing to keep personal financial commitments.”
Read More“In a liberal democracy, the role of liberalism very often is to prevent democracy from doing what democracy wants to do — liberalism is the grown-up who tells democracy, “No.”
Read MoreThe frustration of our democracy has many reformers wishing for a benevolent dictator. The problem is that when they cease being benevolent, they remain a dictator.
Read MoreWe are witnessing a similar shift under Trump. The divide is not Democrat or Republican; they are merely marketing organizations for similar interests. The parties have become addicted to their power not their ideology. As Nancy Pelosi admonishes her candidates, “Just win.”
Read MoreMaterial rights to products and service that must be provided and paid for by others is inevitably oppressive and usually counterproductive. The secret to Hong Kong’s miraculous growth was the priority of economic growth over social spending. The economic growth provided the means for greater social spending. Over time if you give priority to growth over social spending you will end up with more of both, and a healthier and more sustainable economy.
Read More“The greatest factor in hastening the end of American-style democracy over the past 125 years (at least) has been increasing government centralization and administrative rule.”
Read MoreThe left has exhibited far more hostility to free speech than Trump has ever remotely considered.
Read More“Who today indicates a willingness to curtail the civil liberties of opponents, including the media? Again, President Trump has said some ill-advised things on this score. But most of our authors acknowledge, quietly, that he hasn’t actually acted on any of it. Meanwhile, the Left openly argues against, and sometimes actively disrupts, their opponents’ right to assemble. “
Read More“Right now, both parties are full of people who think this country can be run by a relative handful of people — or even one person – sitting in Washington. They think they’re smarter than the market or the people closest to the problems on the ground. “
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