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Archive of posts published in the tag: John Steele Gordon

Progressive Exhaustion

From The Wall Street Journal, Trump May Herald a New Political Order by John Steele Gordon: The Obama years showed liberalism to be exhausted, its ideas out of date and its advocates living in an imagined past. The Democratic Party has never…

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The Trump Shift

From The Wall Street Journal, Trump May Herald a New Political Order by John Steele Gordon: So does Donald Trump’s stunning election herald something permanent—a shift akin to those brought by Jackson, Lincoln, McKinley and FDR? That’s a fair bet, considering…

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Inequality- a Fortunate Outcome

from John Steele Gordon in The Wall Street Journal, The Little Miracle Spurring Inequality Excerpts: The great growth of fortunes in recent decades is not a sinister development. Instead it is simply the inevitable result of an extraordinary technological innovation,…

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One Way Out

The greatest periods of American economic growth came when taxes were very low—such as in the 19th century—or being lowered and simplified, as in the 1920s, 60s, and 80s. Inescapably, to tax wealth creation is to discourage it. But there…

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Starting Right

It was a great stroke of luck for the future United States that the 13 colonies were founded by the English rather than those from another European nation. England, being an island power and thus much safer from invasion, had…

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A Nation of Immigrants for Immigrants

The nation that demonstrated the inestimable strengths of capitalism was founded by self-starters who arrived from elsewhere, which leads us to the next factor vital for economic growth: immigration. Everyone living today in the United States either came himself or…

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A Nation of Capitalists – Still

We are still very much a nation of capitalists. But we are a nation that is increasingly reining in our capitalist instincts with regulations that make it difficult to open a business and make a profit, and with taxation that…

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Our Greatest Military Secret

By no means the least of the technologies the microprocessor has changed profoundly is the technology of war. When World War II ended, a Cold War quickly developed between the two so-called superpowers, the United States and the Soviet Union. Although…

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