[Cricket Versus Republicanism and Other Essays by David Stove (Quakers Hill Press. 2013; 166 pp.)]

Many who do not understand markets, the division of labor, production, exchange, and profit—whether willingly or unwillingly—see no justification for unequal wealth and income because inequality can only result from nefarious activity or random luck.

The U.S. national debt now exceeds 100% of gross domestic product, crossing a once-unthinkable threshold, on the way toward breaking the record set in the wake of World War II.

“But the problem is bigger than any single commander in chief. The United States has left itself unprepared for modern war.”

A soft coup took place in D.C. last night. While the headlines announce Jerome Powell is stepping down as Chair of the Federal Reserve, the fine print reveals a more insidious reality: his ascension to the role of “Shadow Chair.” By retreating to his bunker, Powell is executing a maneuver that signals the final, total politicization of America’s most powerful institution.

There is a certain subspecies of conservatives in which the members seem impervious to the abundant evidence all around us that the constitution of the “founding fathers” is a dead letter and the American republic created in the late eighteenth century is now a relic of the past.