Socialist Left, alt-Right, and the Myth of Democratic Consensus

In the latest episode of Mises Weekends, Jeff Deist discusses why we should celebrate the death of supposed “democratic consensus,” why the progressive left doesn’t care about winning votes, how the alt-Right turns identity politics against social justice warriors, and what libertarians should learn from populism and even demagoguery. See also Socialist Left vs. alt-Right: What it Means for Liberty.

Bernie Sanders Criticizes the Fed for the Wrong Reasons

Bernie Sanders’s advice on fixing the Fed demonstrates the fact that being “anti-Fed” is not enough. One must not just be a critic of the Fed. One must also know what the Fed is doing that is bad, and what the better solution would be. Unfortunately, those of us who think that the Fed has been an engine of trouble in the US economy over the last many decades are sometimes lumped together with socialist critics of Fed policy.

News Flash: Uncle Sam is Bankrupt

Simon Black reports that Secretary of the Treasury, Jack Lew, just released the government’s audited financial statement for 2015 and it makes Bernie Madoff’s books look like Warren Buffet’s financial statements!

To begin with, the federal government reportedly has $3.2 trillion in assets, but that includes rusty tanks, outdated weapon systems, and the biggest item is $1.2 trillion in student loans (delinquency rates are 11.5 percent and rising)!

Chapter 40: The Tough Cop

The tough cop genre is definitely coming into its own. On TV, the new Kojak series, starring the tough and cynical Telly Savales, has become one of the best shows on television. In the movies, it is particularly significant that two of the great Western heroes have recently shifted to the tough cop role. As urban crime has become the concern of ever greater numbers of Americans, the tough crime fighter—in this case John Wayne and Clint Eastwood—has doffed his horse and ten gallon hat for the Magnum and the police badge.

Chapter 41: Death Wish

Death Wish is a superb movie, the best hero-and-vengeance picture since Dirty Harry. Bronson, an architect whose young family has been destroyed by muggers, drops his namby-pamby left-liberalism, and begins to pack a gun, defending himself brilliantly and uncompromisingly against a series of muggers who infest New York City. Yet he never kills the innocent, or commits excesses.

Chapter 42: Cinema Paradiso

Long-time readers know that I am decidedly not a fan of foreign language movies: not because it is a chore to read subtitles, but because they are invariably horrible examples of aggressively avant-garde, anti-bourgeois cinema. Hating as “commercial” movies that appeal to the average movie-goer, the foreign movie-maker proclaims his superior aesthetic sensibility by scorning interesting plot, tight writing and directing, meaningful dialogue, glamorous photography, or colorful settings.

Chapter 39: Blaxploitation

One of the most important movie phenomena of the last few years has been what the Left-liberal and Establishment critics bitterly deride as “blaxploitation” movies. These are exciting, often delightful films where black private eyes and black gunmen star in black versions of this familiar white style of motion pictures.