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Archive of posts published in the tag: Richard Nixon

Why Has Inflation Not Followed Our Debt?

But these explanations leave me uneasy. Without the pain of excessive government debt is there ever an end to it? It seems doubtful that scarcity has been erased from economic reality. The absence of short-term firewalls has historically led to large reconciliations, and it just seems immoral to spend more that you can pay for. In 50 years gold has risen from $35 to $1517.99 an ounce (1/1/20), does anybody care? The dollar is strong, and the American economy is performing better than any other in the world, even if that only provides a low bar.

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The Hong Kong Experiment

He avoided the accumulation of economic data, believing the cost of accumulating outweighed its value. He felt such data was used to enable economic planning which he opposed, and because it instilled a false sense of certainty about outcomes.  Cowperthwaite governed from principles, not data.

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Obama and Nixon

Kevin Williamson writes The Front Man in The National Review, 8/5/2013 Excerpts: We have to some extent been here before. It is a testament to the success of free-market ideas that it is impossible to imagine President Obama making the announcement that President…

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The Roe v Wade Tax Cut

A populist politician, whose objective is to redistribute income, seeks the highest tax rate possible on rich investors without losing 51 percent of the vote (or a few points more, perhaps, depending on the value of the margin of safety). …

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A Nation of Mercenaries

General William Westmoreland, the U.S. Commander in Vietnam, strongly supported involuntary conscription, and told the [Gates] commission that he didn’t want to command an army of mercenaries.  “General,” [Milton] Friedman interrupted, “would you rather command an army of slaves?” Replied…

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A Year of Naïve Amateurism

At National Review Conrad Black writes “An Awful First Year”. A Comprehensive rant about Team Obama’s first year,  this passage focuses on an historical perspective of presidential foreign policies: Dwight D. Eisenhower came into office determined to end the Korean…

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