The Bank of England, the European Central Bank, the American Fed, and the Bank of Japan are all talking a lot about inflation, but none are embracing any real change.
Vladimir Putin (not unlike President George W. Bush) has led his country into a destructive war, yet the Russian political leadership enjoys wide public support.
The greatness of the nineteenth century consisted in the fact that to some extent the ideas of classical economics became the dominant philosophy of state and society.
Mass shootings are bad enough, but progressives have turned them into political events. They then claim that further politicizing these tragedies will reduce their number.
Standard Keynesian theory posits that if the economy slows, government can revitalize it by increasing spending, which supposedly creates new demand. But government can't create something from nothing.
The narrow-minded repudiation of Western civilization—philosophy, science, political doctrine and institutions, art and literature—which finally resulted in Nazism, originated in a passionate detraction of classical economics.
Once upon a time, the progressive hero was "socialist man." Today, we have "Davos man," who is ready to plan your life for you—your wishes notwithstanding.
