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The World at War

by Ralph Raico 
edited by Edward Fuller

Time preference refers to the preference of satisfaction in the present as compared to a future time. A person who heavily prefers current consumption to future consumption has a high time preference as he places a heavy premium upon satisfaction as soon as possible. By contrast, a person who does not place a heavy premium upon instant satisfaction has a low time preference.

America Last: The Right’s Century-Long Romance with Foreign Dictators
by Jacob Heilbrunn
Liveright, 2024; 249 pp.

Mainstream economists believe our knowledge of the world of economics is elusive, so the criteria for choosing a theory should be its predictive power. If the theory “predicts,” it is regarded as a valid framework to assess the economy. Once a theory fails in that role, the search for a new theory begins.

The western media are, above all, phraseologists. Managing massive vertically integrated “states” requires the controlled and targeted use of repetitive government approved language, propaganda, jingoism, repeated phrases to channel thought and energy.

We’ve seen a lot of “performative” progressivism in recent years – Black Lives Matter and reparations from the Civil War, incessant genderology above the fold, Trump Derangement Syndrome, tomato soup weilding environmental activism, and DEI departments in every company, corporate board, and investment portfolio.