Successful journalism is less likely to be measured by objective truth, clarity, and illumination than by clicks and shares. Clicks and shares are generated by outrage and fear mongering. If your first response to an article is outrage or vindication, put it aside for a few days; you are being played.
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For FDR the ‘Forgotten Man’ was the victim of an unfair society left behind in the capitalist economy. Only a robust central government had the power to right this wrong. For William Sumner the ‘Forgotten Man’ was one who would be required to ultimately pay for it.
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from An Anti-Growth Tax Cut by Kevin Williamson in The National Review In economic terms, there are two things going on with those revenue and deficit numbers. One is the structural issue, i.e., tax policy, spending, etc. The other is
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political conversations led me to these: “The great enemy of truth is very often not the lie–deliberate, contrived and dishonest–but the myth–persistent, persuasive and unrealistic. Too often we hold fast to the cliches of our forebears. We subject all facts
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Jawboning American industries to comply with political wishes has been with us at least as long as Teddy Roosevelt negotiated an end to the Pennsylvania coal strikes. John F Kennedy pressured the steel industry to settle a labor strike. Bailouts
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In The New York Times, Nobel prize winning fool (a growing breed) Paul Krugman writes the Twinkie Manifesto, 11/18/12. In the article Krugman suggests we return to the tax rates of the 1950 when the highest bracket was 91% and
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The Life of Julia is a slideshow on the Obama Biden campaign site showing how a fictional composite woman is aided and protected by government programs at every step of her life. There could not be a clearer statement of
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Amity Shlaes writes in the 4/9/12 Wall Street Journal, Tax Policy is About Competition, Not Fairness, What John F. Kennedy understood that today’s politicians forget. Excerpt: Heller’s successful plan to combat the recession of the early 1960s was the Kennedy-Johnson tax
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When reading and reflecting on the history of our economic and financial condition it appears that we get it wrong more often than we get it right. Just as our history is a history of wars with brief interim periods
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Carpe Diem posts in Richest Man in the World Says That Trillions of Dollars to Charity Haven’t Solved Anything the absolute quote of the month from billionaire Carlos Slim: There is a saying that we should leave a better country
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