Profiles

When politics isn't fomenting conflict, raising time preferences, and stupefying the nation, it is attenuating progress. Contrary to the incessant jabbering on the need for "change," all politicians despise change. Change erodes political power and undermines regimes.

Business capital alone is insufficient to ensure prosperity; business capital must be combined with entrepreneurial sagacity.

Block cleared away the irrational, inchoate underbrush of my own thought.

Mexico is rapidly withering. Its very life is being siphoned off by a hopeless war on illegal drugs.

Where do the government-bond-investing gurus think government gets the money to run up astronomical deficits?