Lies, Damn Lies, and the History of Capitalism
Remembering Philip G. Duffy (1935–2026)
Yogi Berra, Hall of Fame catcher with the New York Yankees, used to say, “Always go to other people’s funerals. Otherwise, they won’t come to yours.” Dad grew up a Brooklyn Dodgers fan and hated the Yankees, but he loved Yogisms.
Lies, Damn Lies, and the History of Capitalism
Mark Twain popularized the phrase, “There are three kinds of lies: lies, damn lies, and statistics.” This phrase could equally well be adapted to depict the role of socialist narratives taught as “history”—narratives that wreak even more economic havoc than outright lies. Lies can be debunked with facts, but socialist narratives appeal to political and moral ideologies that are less easily dislodged once they take root.
Greenspan’s Empty Talk
Alan Greenspan Dies at 100
The Sixth Republic?
The Sixth Republic?
Recently, Ryan McMaken posed a provocative question: if the French are willing to number their republics, why not Americans?
Why You Shouldn’t Trust the Bureaucrats
Alan Greenspan Dies at 100
Alan Greenspan, the powerful chairman of the Federal Reserve from 1987 to 2006, has died at age 100. Before the 2008 financial crisis, Greenspan had been regarded as almost superhuman in his leadership on the Fed board, and he was credited as playing a key role in the strong economic growth of the late 1990s and early 2000s. Later, however, it became apparent that much of this economic growth was actually just an enormous bubble created through monetary stimulus.