In an October column, Paul Krugman admonished people who are not all in on the Joe Biden economy and declared that we are headed at worst for a “soft landing” in which an economic slowdown—if it happens at all—will be short and shallow. He wrote:
November 28 marks the 1894 birth of one of American history’s most prolific public intellectuals—Henry Hazlitt.
The traditionalist author Álvaro d’Ors emphasized in his work that the political thought of Rome was essentially stateless as it had a personalistic character. In contrast, Greek political thought had a territorial focus, giving rise to the idea of the state. Intellectuals who created and legitimized the idea of the state in modernity drew from Greek political thought. To abolish the state, we need to investigate what both the Greeks and Romans said. This was the work carried out by d’Ors, and it is important to recover it.
Many economists believe that inflationary expectations cause general increases in prices. For instance, if there is a sharp increase in oil prices, people will form higher inflationary expectations that set in motion general increases in the prices of other goods and services.
