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BIDEN’S CUBAN MISSILE CRISIS
Joe Biden's perverse legacy, if that term even applies anymore, may well be determined in the coming weeks by his handling of events in Ukraine. He can improve it by showing restraint against the...
This Is How the Progressives Will Write the History of Covid
It seems obvious that wherever vaccine mandates, mask mandates, and lockdowns have been imposed in response to covid-19, progressive political and media elites have been the driving forces behind them. This is clear to those...
Woke Capitalism Is a Monopoly Game
In 2018, Ross Douthat of the New York Times introduced the phrase “woke capital.” Essentially, Douthat suggested that woke capitalism works by substituting symbolic value for economic value. Under woke capitalism, corporations offer workers rhetorical placebos in...
The Growing Pile of Public Debt Shows that Inflation Is Here to Stay
After more than a decade of subdued consumer price inflation despite gigantic monetary and fiscal stimuli, last year’s surge in consumer prices took most central banks by surprise. First, they tried to dismiss it...
Why Employment Is Not the Key to Economic Growth
In December 2021, the US unemployment rate fell to 3.9 percent from 4.2 percent in the month before. The number of unemployed individuals fell by 500,000 to 6.3 million. Many commentators have expressed satisfaction with...
The White House Now Says It Never Really Wanted Lockdowns
Last Friday, a reporter asked White House press secretary Jen Psaki to respond to the Johns Hopkins covid study showing lockdowns provided no real benefit in terms of disease prevention.
In response, Psaki dodged addressing the...
What the Next American Civil War May Look Like
In this important book, Stephen Marche has disquieting news for us. America may be headed toward a civil war. We are no longer a united country, and the political split between progressive Democrats and...
The Democracy Illusion
In America, “democracy” or “democratic” are among the most common words used to justify or endorse positions or policies. “Democratic” is attached as an adjective whenever something is considered good politically (e.g., “our democratic...
What An Economist Knows About Crony Vaccines
As an economist, my job is not to help you make health decisions about Covid vaccines. Your health history, age, subjective evaluation of risk, and many other factors make recommendations from me meaningless. I...
How the Coddled Kids Graduated But Never Grew Up
A quote apocryphally attributed to Winston Churchill, Oscar II of Sweden, or the 19th century British statesman Benjamin Disraeli goes something like this: If you’re not a socialist (or democrat, or liberal…) when you’re 20,...