Last month, Britain made a dangerous swing to the left. Private education has been attacked, more public housing, the promotion of environmental Marxism, and much more. But that isn’t to say there wasn’t an unspoken gospel among the main parties concerning the deliberate impoverishment of the British Isles. Merely aesthetic differences separate them.
In Race & Economics, Walter Williams emphasizes the importance of causality in understanding racial inequality. He argues that it is not enough to document and track economic inequality — it is necessary also to understand its causes.
The recent market weakness suggests a combination of profit-taking and concerns about the latest United States jobs and manufacturing figures, added to the abrupt unwinding of part of the yen carry trade. Valuations had soared and market participants now demand central bank easing. However, rate cuts may not be enough to send markets to new all-time highs. Money supply growth and quantitative easing are needed to maintain these valuations.
One of the oldest weapons against politics is humor, and it is precisely this that politicians detest the most.
Egoism Without Permission: The Moral Psychology of Ayn Rand’s Ethics
by Tara Smith, University of Pittsburgh Press, 2024, xi + 246 pp.
[The following is derived from a speech in my novel, The Flight of the Barbarous Relic.]
Wars must be funded, and for this, governments functioning as states call upon the banking system for assistance.
A serious omission is notable in the circulating list of suspects responsible for the early August quake in global risk-on markets. This is the role of “monopoly capital” in stimulating wild technological change which by-passes potential benign control by the invisible hands of free markets.
