The Confused Socialism of Oscar Wilde

Like many intellectuals at the turn of the 19th century, Oscar Wilde was both interested in the problems of society and a proponent of socialism.

Though Wilde was more concerned with criticizing Victorian society via his satirical works than puzzling over the problems of social organization, he did briefly examine social philosophy in his little-known essay, The Soul of Man Under Socialism.

Who Was Beowulf?

It took twice through, but I’m finally convinced; Beowulf is a wonderful film. There is plenty to recommend it, even if it had stuck to the original plot line.

Nearly every frame is beautiful and riveting. The visuals seemed to have borrowed from the field of gaming, so you can never quite tell if what you are looking at is real or animated. The music is a kick. Beowulf is himself thrilling to watch, as are the monsters, dragons, swords, and, above all, the time: it is set in the 6th century Scandinavia. The viewer is convinced that it must have been something like this.

Decline of the Old Right

After the death of Taft and as the Eisenhower foreign policy began to take on the frozen Dullesian lineaments of permanent mass armament and the threat of “massive nuclear retaliation” throughout the globe, isolationist sentiment starting to fade away, even among old libertarian and isolationist compatriots who should have known better.

Old friends who used to scoff at the “Russian threat” and had declared The Enemy to be Washington, DC now began to mutter about the “international Communist conspiracy.”

Does the Current Financial Crisis Vindicate the Economics of Hyman Minsky?

The currently observed turmoil in financial markets, which is believed to have been ignited by the collapse of the subprime mortgage market, has recently brought to prominence the ideas of Hyman Minsky (1919–1996), a prominent member of the post-Keynesian school of economics. Many commentators are of the view that Minsky’s framework of thinking accurately anticipated the current financial crisis.

The Precedent for the Ron Paul Dollar

On Wednesday, November 14, 2007, federal agents raided the Indianapolis headquarters of a company called NORFED, the National Organization for the Repeal of the Federal Reserve Act and Internal Revenue Code, and seized its holdings of gold, silver, and copper, much of it in the form of coins bearing the likeness of US Congressman Dr. Ron Paul of Texas, a candidate for the Republican nomination for President of the United States. The search warrant for this raid alleges fraud and money laundering, and a supporting affidavit refers to provisions of the US Code that prohibit the emission of any coins intended to circulate as money, and the emission of anything in the likeness of the currency of the United States. The details of the case are complicated, but there are two issues that Clifford Thies can address without going into all the claims and counterclaims. How is it that the US government has the power to prohibit people from using alternative forms of money (i.e., the first provision), and how is it that the coins of NORFED resemble those of the United States (the second)?

The Future of the Commodity Price Boom

As late as 1999, oil was trading at $10 per barrel and gold at $250 per ounce, down from their nominal peaks in 1980 of $39 and $850 respectively. And that’s not even adjusted for the fact that the value of a dollar was a lot lower in 1999 than in 1980. Many pundits at the time argued that prices would continue to go down. The Economist had a cover in March 1999 entitled “Drowning in Oil” where it argued that oil would continue to fall well below $10 per oil.