Lawrence Lessig Attacks The Washington Death Star, Sows Panic

lwrnclsgA short time ago, in a galaxy very, very, nearby, a rebel alliance led by a Jedi Grandmaster named Lessig (who I know slightly and admire greatly) conducted a stunning raid on the Death Star. What Death Star? It is the money engines of Washington, DC, the […]

The November 4 Elections: American Voters Punish Political Fanatics

rdplsVoters have shown, yet again, that we do not like political fanatics. “Fanatic” is defined by my resident dictionary as “a person filled with excessive and single-minded zeal, esp. for an extreme … political cause.” The Republican Party, in the nuanced language of Sen. Mitch McConnell (R-Ky), […]

The Gold Standard Did Not Cause The Great Depression, Part 2

gldstndrdhtlrAs noted in my previous column, AEI’s James Pethokoukis and National Review‘s Ramesh Ponnuru — among many others — appear to have fallen victim to what I have called the “Eichengreen Fallacy.” This refers to the demonstrably incorrect proposition that the gold standard caused the Great Depression.

[…]

Janet Yellen, Politicizing the Fed?

jntylnJanet Yellen gave a widely noted speech, Perspectives on Inequality and Opportunity from the Survey of Consumer Finances, at the Conference on Economic Opportunity and Inequality held by the Federal Reserve Bank of Boston on October 17th.

The speech presented as a if ghostwritten for her by […]

Billionaire Peter Thiel: “We Don’t Live In A Normal World; We Live Under A Power Law.”

Peter ThielWhen George Gilder, arguably the smartest man in the world, says, as he said to me over dinner recently in Washington, DC, that Peter Thiel is the smartest man in the world… pay attention.

Fortune calls Thiel “perhaps America’s leading public intellectual today.” (Not all agree […]

The Hidden Key 2014 Election: Kevin Brady Jolts Paul Ryan

rep kevin bradyMost political eyes now are turned to whether the Republicans will take, or the Democrats hold, a Senate majority. Meanwhile what may be a comparably important election will be conducted, probably next month, mostly out of the public eye.

This is the race between Rep. […]

The Rise And Fall And Rise And Fall Of King Dollar, Part 2

gldstndrdAs stated in the preceding column, here, eminent labor economist Jared Bernstein recently called, in the New York Times, for the dethroning of “King Dollar,” claiming that the reserve currency status of the dollar has cost the United States as many as “six million jobs in 2008, […]

Conservative Think Tank Fouls With Innuendo That The Gold Standard Played A Role In the Rise Of Hitler And The Nazis

gldstndrdhtlrJames Pethokoukis, the Dewitt Wallace Fellow and “Money & Politics columnist-blogger” for the American Enterprise Institute, is a frequently interesting analyst and polemicist … when he doesn’t mar his commentary with unseemly snark. That snark factor rose to radioactive in his recent connivance, at AEIdeas, in a […]

End the Fed’s War on Paychecks

jntylnThe Democratic Party has made “income inequality” a signature issue for the 2014 (and, presumably, 2016) election cycle. Democrats, en masse, shout “J’accuse!” at Republicans. There is a very different story to tell.

“Income inequality” is a crude, and twisted, heuristic for stagnant median family income. “Income […]

A Money Revolt is Needed: Fix The Dollar With Gold

Fix-the-Dollar-logoThe Tax Revolt has run its course. A Money Revolt is needed.

Steve Forbes, with Elizabeth Ames, in Money: How the Destruction of the Dollar Threatens the Global Economy—and What We Can Do About It has thought the issues through. So has, among others, Lewis E. […]

Rep. John Delaney Sets Out To Bring A Trillion Dollars, And Safe Bridges, Back To America

dlny$1.4 trillion are “stranded” overseas. Seventy-five Congresspeople, and growing, from both parties, respectfully led by freshman Representative John Delaney (D-Md), are advancing a plan to retrieve that money.

Senate Minority Leader Everett Dirkson reportedly once said, “A billion here, a billion there, pretty soon, you’re talking real […]

Who Is Rand Paul?

rndplFor starters, Rand is short for Randal, not an allusion to Ayn Rand, after whom Sen. Paul was not named by his libertarian (not Objectivist) father Ron Paul. Reportedly, growing up he was called Randy … until his wife shortened the diminutive to Rand.

Washington, ordinarily, is […]

Did “The Nixon Shock” Lead to Nixon’s Resignation?

nxnrsgn This month we observe the 40th anniversary of the resignation, under threat of imminent impeachment, of President Richard M. Nixon. Nixon aide and loyalist Pat Buchanan sums up, in a column in USA Today Liberal Elites Toppled Nixon his view: “Richard Nixon was not brought down […]

How The GOP Whiffs The Pursuit Of Happiness

gay marriageThe GOP once again appears clueless. But not quite for the reason that liberals suppose.

An August 4th New York Times article by John Harwood, Democrats Seize on Social Issues as Attitudes Shift focuses on the Democrats use of “social” as “wedge issues” in the […]

Faithful John Boehner To Faithless Barack Obama: Checkmate?

bhnr-obmHouse Speaker John Boehner’s proposed lawsuit against Barack Obama is causing a great deal of chatter in Washington. Political stunt, as Obama has called it? Or, maybe, checkmate, Obama?

There is a quiet gap in the U.S. Constitution. There is no explicit mechanism to discipline a president […]

Paul Krugman, Funny and Scary

plkrgmn3Professor Paul Krugman, in his New York Times blog, says my recent column, about him, is “funny and scary.” Last week’s column here inferred that Prof. Krugman is leaving Princeton in quiet disgrace. It drew pretty wide attention. It also drew over 150 comments. Many commentators merrily […]

Is Paul Krugman Leaving Princeton In Quiet Disgrace?

plkrgmn2Professor Paul Krugman is leaving Princeton. Is he leaving in disgrace?

Not long, as these things go, before his departure was announced Krugman thoroughly was indicted and publicly eviscerated for intellectual dishonesty by Harvard’s Niall Ferguson in a hard-hitting three-part series in the Huffington Post, beginning here, […]

Have the Republican Regulars Crushed the Tea Party Insurgents?

rpblcnsvtprtyHave the Republican Regulars crushed the Tea Party Insurgents? Yes.

Has the Revolution met its Counterrevolution? Yes.

Does it matter? No.

Both factions stand against Big Government.

Neither is providing a high potency agenda for equitable prosperity.

The indefensibly grandiose overreach of Obama and the Democrats may […]

Signs Of The Gold Standard Emerging From Great Britain?

WarAndGoldKwasiKwartenComes now to respectful international attention a volume entitled War and Gold: A 500-Year History of Empires, Adventures, and Debt by Member of Parliament Kwasi Kwarteng. This near-perfect volume appears with almost preternaturally perfect timing around the centenary of […]

Ron Paul And Rand Paul Defy That Which Is Keeping Big Government Big

rnplrndplWe citizens sense that we are being lied to by those in authority. We can’t quite put our finger on it. We are right, though. Let me guide your finger to the spot.

The biggest lie that Big Government, Big Business, and Big Media are telling us […]

Paul Volcker's Call For A 'New Bretton Woods' Is Important

plvlckr

Seth Lipsky, the editor of the storied New York Sun (a brand distinguished by the long residency of Henry Hazlitt), recently, in the Wall Street Journal, brought to wider attention certain remarkable recent comments by Paul Volcker. Volcker spoke before the May 21st annual meeting of […]

Politics: An Endless Series of Hobgoblins, Most of them Imaginary

glblwrmngaplcpsH.L. Mencken, in 1918, observed that “the whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary.”

Much of politics is made up of what is called, in […]

Washington, Amok Again, Spending $1+ Billion On … Presidential Helicopters

hlcptrsIn reporting on the Navy’s reported new acquisition of helicopters for the president to be delivered in 2020, The Washington Post opens:

The last time the Pentagon tried to upgrade the president’s coolest ride — the fleet of helicopters that drop him at his doorstep on the […]

Pay Close Attention To the Greatest Radical At Work In America Today

lwrnclsgLawrence Lessig may be the greatest radical at work in America today. Lessig, a polymath, professor at Harvard Law School, is no ivory tower type. He is a radical — someone who strikes at the root of things — in the tradition of Thomas Jefferson. His latest […]

Censure Harry Reid For Neo-McCarthyite Vilification Of The Koch Brothers

hryrdSen. Joseph McCarthy (R-WI) trafficked in the culture of allegations of the ”un-American.” He was censured by the United Senate and died disgraced.

Now Senate Majority Leader Harry Reid (D-NV) is engaging in misconduct comparably shameful: “redbaiting” those with red state values. He deserves censure for such […]








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