Political Realities

Permanent solutions to short term problems will create new problems. Reality is not optional. Our political differences often hinge on the different meanings we assign to words. Our political differences also depend on the different priorities we assign to issues....

The Roots of FDR

Reading The Crisis of the Old Order – The Age of Roosevelt by Arthur Schlesinger, Jr. Schlesinger is a wonderful writer of history, pulling details into the path of the most influential president of the 20th century.  We see the development of FDR’s ideas....

How the Modern Economy Mutes Keynes

by Henry Oliner Obama’s response to the recession of 2008 was classic Keynesian; deficit spending to stimulate demand.  Keynes was agnostic on federal spending or tax cuts to stimulate demand. The deficit was secondary. Spending was facilitated by loose monetary...

Bureaucratic Behaviour

from newly discovered blog Isegoria, Robert Conquest’s Three Laws of Politics Francis W. Porretto notes that Cyril Northcote Parkinson studied the same phenomenon of bureaucratic behavior: Parkinson promulgated a number of laws of bureaucracy that serve to explain a...

Economics, Science and History

Economics is a bit different from history by the use and study of certain underlying principles. It is  not a physical science but a  social science using scientific methods to analyze and understand. There are certain principles that are quite useful to explain and...