Why Marx Loved Central Banks

In his “Manifesto of the Communist Party” (1848), published together with Frederick Engels, Karl Marx calls for “measures” — by which he means “despotic inroads on the rights of property” –, which would be “unavoidable as a means of entirely revolutionising the mode of production,” that is, bringing about socialism-communism.

Why Grover Cleveland Is Mostly Forgotten Today

It’s no secret that court historians do their best to discredit the Gilded Age.

The Gilded Age’s environment of relatively small government allowed America and the rest of the Western world to thrive. As a result, this area had standout figures in both the private sector and the political realm. One of those political heroes was none other than Democratic President Grover Cleveland.

Capitalism as It Is and as It Is Seen by the Common Man

The emergence of economics as a new branch of knowledge was one of the most portentous events in the history of mankind. In paving the way for private capitalistic enterprise it transformed within a few generations all human affairs more radically than the preceding ten thousand years had done. From the day of their birth to the day of their demise, the denizens of a capitalistic country are every minute benefited by the marvelous achievements of the capitalistic ways of thinking and acting.

Surging Wealth Inequality Is Poverty’s Greatest Enemy

Last week cable channel HBO premiered the documentary Breslin and Hamill: Deadline Artists. Regardless of one’s politics, it’s a very interesting and entertaining look into print media’s grand past, and at two of the greats (Pete Hamill and the late Jimmy Breslin) when it came to columns that gave readers the impression they were walking the streets alongside these most street-smart of writers.