Assumptions in Economics and in the Real World
The Complex Legacy of George Orwell
Nein, Mr. Gujer, Germany Should Not Raise its Debt Limit
The decayed and degraded state of German infrastructure has prompted Eric Gujer to publish an opinion piece in the Neue Zürcher Zeitung (NZZ) in which he advocates for a compromise between conservatives (increase the debt limit and thereby free up funds for renovations), progressives (reform social spending), and the government (reduce subsidies).
Legalizing Drugs: How to Make America Great Again
Dred Scott, Politics, and the “Living” Constitution
In a 2022 article titled “Will the U.S.
Real Democracy Can Only Be Freedom
With the advent of representative democracy over a century ago in most of the West, the popular belief was that the “rule of the few” would be relegated to the dustbin of history. This never happened, of course, as has become clearer to the “many” over the decades. Indeed, the ruling Western oligarchy has become more visible than before, too brazen in its attempts to ram through its globalist agenda on the world.
2025’s Federal Deficit May Be the Biggest Ever
Trump’s Economic Policies: The Good, The Bad, and the Uncertain
The US economy is ultimately driven by millions of people working hard to create and trade goods and services, but the US federal government can impact the economy in three main ways: 1) fiscal and regulatory policy: impacts production and who benefits and loses; 2) foreign policy and war: impacts production, life, and quality of life; and, 3) monetary policy: impacts inflation/deflation and boom-bust cycles.
The Missing Secret
Princeton University Press released in September a new English translation of the first volume of Marx’s Capital. The editors, Paul Reitter and Paul North, tell us that the new translation is the product of five years’ labor. In this week’s column, I’d like to ask what I am sure they would regard as an impertinent question. Why have they bothered? Why do we need a new English translation of the first volume?