Insanonomics Failing in Japan

Abenomics--the “new economic policy” in Japan is failing badly. It is a policy of inflation targeting, quantitative easing, government spending and higher taxes. Initially, it seemed to work in that the Japanese stock market rose significantly. However more recent reports find the real economy still stagnating and shrinking. The latest reports indicating the impact of the recent increase in the sales tax reducing production, consumption, and investment.

Ron Paul on Anarchism

The distinction that Paul draws between himself and the anarchists is that Paul sees some value in political action, while anarchists, whom Paul does not criticize, see no value in political action. He goes on: “If somebody is an anarchist.... and they don’t go and shoot up the government...that’s a great idea.”

Dr. Carmelo Ferlito is an independent economic journalist and writer in Verona, Italy.

World War II: A Reading List

The dominant view of World War II is that it was the “good war.” Hitler bears exclusive responsibility for the onset of war, because he aimed to conquer Europe, if not the entire world. The United States tried to avoid entering the war but was forced into the fight by the surprise Japanese attack on the American fleet at Pearl Harbor.

The authors on this list dissent. For them, Responsibility for the war was mixed, and Roosevelt provoked Japan’s attack.   Allied conduct of the war, furthermore, was characterized by grave ethical misconduct.