Successful people who earn their wealth through free and peaceful exchange may choose to give some of it away, but they'd be no less moral and no less debt-free if they gave away nothing. It cheapens the powerful charitable impulse that all but a few people possess to suggest that charity is equivalent to debt service or that it should be motivated by any degree of guilt or self-flagellation.
Professor Fletcher’s book brings to mind a remark by Yvor Winters, in a review of C.S. Lewis’s English Literature in the Sixteenth Century. Winters praised Lewis for his grasp of the facts,
Presidents assume near dictatorial powers during wars, and FDR was able to manipulate World War II to provide moral legitimacy to his domestic agenda. With the war, Roosevelt could boast of eliminating unemployment at home while fighting evil abroad. Not a bad deal.
Either the U.S. should reclaim its traditional policy of free trade and peace and thereby end its international military interventions, or it should wage unrelenting war against any group or government that resents and predictably responds to U.S. policy.
Barry Goldwater's campaign for the presidency in 1964 decisively influenced American conservatism. At last, a candidate who dared to challenge the prevailing liberal consensus!
Why do economists like Becker and others who say they favor free markets blindly support antitrust laws in all of their wretched excesses?
A case study of an agency that never stops expanding in its budget and power, despite failures all around.
MetLife is under fire for doing exactly what insurance companies are supposed to do: matching risk with premiums.
