In this week’s column, I’d like to continue discussing Graham Priest’s unusual book Capitalism: Its Nature and Its Replacement. Priest uses ideas he gets from Marxism and Buddhism to criticize capitalism. Last week, I said that Priest has interesting things to say about Marxism but I avoided Buddhism. This time I won’t avoid it, because the account of human personality he gets from it is crucial to his rejection of libertarianism.

Priest is an eminent logician, and he is quick to cut through nonsense. He says about historical materialism:

Earlier this month, CNN published the results of a poll that found that most Americans oppose sending more money and military aid to the Ukrainian government. A closer look reveals that Republican voters are behind the results. Around seven in ten Republicans oppose sending more support to Ukraine.

Last week, the Federal Reserve released Welcoming Remarks, as part of a Fed Listens event held in Atlanta. The stated purpose of this initiative was to gather insights from select members of the community regarding economic concerns.

Governor Michelle W. Bowman admits many are struggling on Main Street:

In all the media and regime frenzy over the Janaury 6 riots and the Pentagon Leaker in recent months, it is interesting to examine the contrast between how the regime treats “crimes” against its own interests, and real crime committed against ordinary private citizens. 

Abstract: In response to the COVID-19 lockdown policies, Guerrieri et al. (2020) developed a new concept: the Keynesian supply shock. A Keynesian supply shock is an aggregate supply shock that leads to an even larger aggregate demand shock. This paper suggests that Keynesian supply shocks are very similar to the secondary deflations suggested by Hayek (1931), and US data from the 2007–09 financial crisis show that these concepts may help to explain employment dynamics in the midst of a crisis.

According to the American Medical Association, “Physician burnout is a long-term stress reaction which can include the following: