The Folly of Pragmatism

“Taken on its own terms, pragmatism’s folly is that it separates intelligence from wisdom. Its greatest sins are arrogance and deceit, including self-deceit. It is arrogant because it assumes the individual—particularly the expert—can know everything he needs to know...

The Crash of 1937 and the Rise of Keynes

John Maynard Keynes is credited with economic policy that focuses on aggregate consumption as the primary driver of the economy, and the use of government spending to impact aggregate consumption. In his judgment the problem of production had been solved and was...

The Third Wave of Capitalism

So many of our political disagreements originate in the definition of our terms. Capitalism is an economic system based on the rationalization of greed to many on the left, the magic potion to unlock the potential of human achievement to many on the right and a...

Corporatism is not Capitalism

Deirdre McCloskey reviews Skidelsky’s Money and Government in the Wall Street Journal: Despite his gloominess and his charming faith in delicate management of the economy by the wise heads in Washington and Whitehall, Mr. Skidelsky is occasionally fair-minded....

A Checklist of Priorities

Episode 38 of the Remnant Podcast is a discussion between the host, Jonah Goldberg and guest Russ Roberts from Econtalk.   I strongly recommend this series and I encourage you to read Goldberg’s latest, The Suicide of the West, and Liberal Fascism (2008). In the...