David Stockman: Against Crony Capitalism, Part 1
Jeff Deist and David Stockman discuss the truth about our rigged economy.
U.S. Economy
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Review of The Forgotten Depression by James Grant
James Grant proposes that the last time US government did not prescribe the now standard cure for economic slumps consisting of fiscal stimulus and easy money was the downturn of 1920–1921. Grant’s purpose is to test the efficacy of this medicine by checking what happened when it was not administered.
Drought and the Failure of Big Government in California
In California, the price of water is set by politicians, and not by markets, so that cheap water benefits some interest groups over others. It should now surprise no one that the state is in the midst of a water crisis.
Adam Vass Gal: How the State Destroys the Poor
Jeff Deist and Adam Vass Gal discuss why the State is a villain of the downtrodden.
Our Current Illusion of Prosperity
The Fed and Washington politicians tell us how well the economy is doing, but the problems of the last financial crisis remain, and if we look closer, we find stagnant wages, ageing equipment, and lenders looking to scrape the bottom of the barrel.
The Political Economy of Bob Dylan
“So let us not talk falsely now, the hour is getting late.” (Bob Dylan, All Along the Watchtower, 1967)
A Necessary Correction in the Oil Industry
Oil prices have fallen largely due to economic and political realities in China and the US. The resulting correction is a good thing, and, in spite of what many panicky central bankers think, falling oil prices are a good thing.
Hazlitt and the Oil Bust
The weak dollar was a subsidy for the oil industry, but as Hazlitt noted, they make “the industries in which we are comparatively inefficient larger, and the industries in which we are comparatively efficient smaller.”
Generational Poverty: An Economic Look at the Culture of the Poor
Adam Vass Gall discusses his recent book: Generational Poverty: An Economic Look at the Culture of the Poor.
