An Unraveling, Secession, or WWIII?
In a recent article, Alistair Crooke quotes former Israeli diplomat Alon Pinkas, who observes that Israel is in early stages of a civil war between the secular, modern Israel and the “Jewish-supremacist, ultranationalist” theocratic Israel. The vision of Israel cherished by each side is very different, and each side is increasingly unable to grant the other legitimacy of argument.
Roaring Kitty vs. Chairman Powell
Stock market technicians are musing that if meme stocks are surging the Fed is not tight enough. Yes, after three years of hibernation “Roaring Kitty” returned with the first of a series of cryptic posts on X. Keith Gill’s (aka Roaring Kitty) post showed a man leaning forward with what looked like a gaming controller.
Memorial Day
It’s that time of year again. The first military appreciation day of the year, otherwise known as Memorial Day, is coming up on Monday, May 27.
The Last Conservative
Milton Friedman: The Last Conservative
By Jennifer Burns
Farrar, Straus and Giroux, 2023; x + 587 pp.
Creative Destruction in American Higher Education: Schumpeter in Action
Joseph Schumpeter (1883–1960), an Austrian political economist who emigrated to the United States in 1932 to become a professor at Harvard University, is known for his theories on business cycles and entrepreneurship.
Garett Jones on the Economic Impact of Culture on Immigration
Robert Nozick: A Historical Note
When Bob Nozick entered grad school at Princeton from Columbia in 1959, he was, politically speaking, a run of the mill social democrat. In the same year, another New Yorker, Bruce Goldberg, entered the same Princeton program in philosophy, from the City College of New York. Bob and Bruce had much in common, except that, at that point, Goldberg was an enthusiastic, proselytizing libertarian.
Joseph Stiglitz’s Rocky Road to Serfdom
The Road to Freedom: Economics and the Good Society
by Joseph E. Stiglitz
W.W. Norton, 2023; 356 pp.
The Consequences of California’s New Minimum Wage Law
The law that establishes California’s minimum wage rate at twenty dollars per hour is purportedly aimed at uplifting the state’s working poor. The role of economics is to evaluate such claims through economic theory and empirical evidence.