“The woke Left may be the greatest evil of all because I don’t see how they’re going to be defeated, certainly not in my lifetime [and] maybe in the lifetime of my grandchildren,” claims political theorist and intellectual historian Paul Gottfried.

[This article is adapted from Chapter 15 of The Global Currency Plot.] 

The danger is obvious that the social revolution would change the tangible and visible ruling class of today, openly recognized as such, into a secret demagogic oligarchy operating under the guise of equality.
– ROBERT MICHELS

The National Association of Realtors today released its November report on home sales. According to the report, home sales inched up for the month, rising from historic lows during a year of falling home prices and frustrated sellers quitting the market.

There is a deadly cancer that is eating away at Western society—welfare. It is supported by a web of lies that are so pervasive that no one dare question them. Two of the most ingrained are:

One of the dominant superstitions of our time is that truth is relative and not absolute. As the philosopher Thomas Nagel says in The Last Word (Oxford University Press, 1997),

The partisan rhetoric of the post-Civil War period was unique to its historical moment, yet not unique as a political tactic. Instead, while the terminology has changed, similar types of political “horse blinders” continue to shape how Americans view their past and present. By attributing the country’s ills solely to the opposing party, the underlying economic, social, and political problems are often misdiagnosed or left unaddressed. This tactic also allows those truly responsible for such problems to redirect public anger toward a convenient enemy.

Housing is not special. That is, real estate and houses are not outside the laws of economics (i.e., scarcity, etc.). That said, each economic good necessarily offers something unique (otherwise it would be indistinguishable from other goods) and therefore comes with its own benefits and challenges. For example, the laws of economics apply to land and bananas, however, while land and bananas may both be valued in the estimation of human actors, they not only offer different utilities, there are differences in the markets for land and bananas because of the nature of the goods.