The Conscience of Paul Krugman

[The Conscience of a Liberal. By Paul Krugman. W.W. Norton, 2007. 296 pages.]Like him or not, Paul Krugman is an economic theorist of distinction, a winner of the John Bates Clark Medal, and often rumored to be in the running for the Nobel Prize. It is disappointing, then, that Conscience of a Liberal contains virtually no economic theory. Instead, the book consists of crude propaganda for a “soak-the-rich” policy.

Last Knight Live Blog 26 - Kraus

The intellectual climate of the decades prior and after WWII was marked by enthusiastic plans loudly proclaiming statism and comprehensive large-scale social planning as the next panacea. These were considered the means to deliver humankind from superstition, moral depravity, economic chaos and misery to unprecedented heights of rationality and unrestrained development of human potential.

Could They Survive Without University Support?

Several commentators have discussed whether or not university athletic teams could survive without subsidies from the administration. While not all athletic programs receive revenue from student fees (for instance, the large athletic program at my alma mater is entirely self-sufficient), there is evidence that suggests that many of these teams could financially survive in an independent semi-pro league. Right now both the NFL and NBA financially benefit from the university-subsidized farm system.

NYC Secession for Self-Determination and Self-Rule?

Emboldened by Mayor Bloomberg’s testimony in Albany this week that the city’s taxpayers pay the state $11 billion a year more than they get back, a City Council member is offering legislation that would begin the process of having New York City secede from New York State. Peter Vallone Jr., a Democrat who represents Queens, is pushing the idea, and the Council plans to hold a hearing on the possibility of making New York City the 51st state. “I think secession’s time has definitely come again,” Mr.

Money, Banking, and the Federal Reserve: the Complete Transcript

Politicians espouse numerous theories about the cause of this country’s economic woes; seldom however do these officials look below the surface: the roots of our economic ills can be traced to central banking and our present monetary system. The Federal Reserve claims to manage our money; instead it makes our money worth less and less every day. It has generated continuous and worsening business cycles and lowered our living standards.

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