One of the most curiously persistent surrealisms of Washington, DC is the reflexive deference given the Federal Reserve System. The Washington elite tends to accord more infallibility to the Fed than do Catholics the Pope.
Now comes one of the world’s top monetary reporters, Ylan Q. Mui, […]
“Forget it, Jake. It’s Chinatown.”
Donald Trump continues to dominate and fascinate. Why?
Politics, like comic books, thrillers, detective stories, science fiction, professional wrestling, movies and TV is a pulp medium. We Credentialed Members Of The Media Elite wish to sanctify it (and, thereby, ourselves). But come on. […]
While the Mass Media has been obsessing on the Donald Trump phenomenon, Bernie Sanders has been packing stadiums. Sanders’s Madison speech pulled in nearly twice as many as Mrs. Clinton’s official campaign kickoff event (which The Atlantic dubbed “uninspiring”). Mrs. Clinton’s relaunches and presentations continue to draw tepid […]
We pixel-stained wretches of the Mass Media lately have been busy as ever transfixing you with spectacles. Meanwhile, something really important — softly outside the melodrama — has occurred. Trillions of dollars — including your dollars — in the real economy and in the stock and bond […]
The Revelation: “All we want,” said Kudlow, “is for everybody to get richer.”
Therein hangs a tale. And therein, perhaps, hangs the outcome of a presidential race.
The Republican Party (much to the astonishment of practically everyone) is composed exclusively of … people. It thus is subject […]
Last month the GOP suddenly awoke.
As Michael Tomasky wrote in the March 19 issue of the New York Review of Books:
As matters are shaping up so far, the sense of many people I speak to is that the election appears destined to be about the […]
Writing about TPP, “Fast Track,” and all the associated skirmishing is made somewhat difficult by the secrecy of the legislative text. That said, supply-side thought leader John Tamny declares “The TPP is a no-brainer.” (If Tamny means free trade is a no-brainer he surely is right.) So […]
Forget the speeches, the debates, the Dark Money, the white papers, the talking points, the high gloss commercials. The secret to the character — and agenda — of the presidential candidates is hidden in plain sight. Don’t “follow the money.” Follow the shoes.
No less of a […]
One of the environmental advocates who coined this term recently revealed to Jean Chemnick, a reporter for E&E, one of the Left’s most potent weapons in dominating the policy discourse (even while, often although not always, losing political battles). Call it the “framing war.”
Let me now publicly reveal my long love affair with John Maynard Keynes. On June 5th, stationed on a barrier island in the Gulf of Mexico, I raised my annual toast to the memory of this great man on the anniversary of his birth.
This year […]
The upcoming 2016 presidential election is a very big deal. As the Daily Beast’s Michael Tomasky sums it up — in all its passionate intensity — in Hillary and Liberals: Here’s the Deal.
We haven’t had a liberal Supreme Court majority in this country in 35 years. […]
There is an urban legend that there is a looming Bourbon Supply Crisis. (Heaven Forfend!) Meanwhile, American Pharoah, as expected, won the Kentucky Derby. Both circumstances contain a homey lesson about the Federal Reserve System’s conduct of monetary policy.
Let’s start with bourbon. According to a recent article […]
Progressives are a Faithful lot. They live, and die, by a Creed. Welcome to the Church of State.
We saw the religiosity at work again recently in the United Kingdom. We saw Martyrdom.
When the voters toss out a Left-wing political party (two, actually) for having moved […]
Lincoln Chafee, a former Republican senator from Rhode Island, announces his support for Obama […]
A specter, to paraphrase the opening line of The Communist Manifesto, is haunting America. That specter is the economics profession itself.
Economics has become immersed in arcane modeling. Modeling does not really […]
Americans have a deep ambivalence about the role of First Lady.
In a 1992 segment of Nightline correspondent Jackie Judd observed,
Americans are most comfortable, for example, with first ladies who are gracious, stand […]
Republicans! To the barricades, mes enfants!
As The National Journal noted late last year, in an article entitled It’s Hard Out There For A Bay Area Conservative, “‘Conservatives in Northern California ‘have been beaten into submission,’ says Chris Pareja, host of a weekly political television show […]
“It’s the economy, stupid!” The weirdest thing about the onrushing 2016 presidential cycle is the scarcity of a GOP economic growth theme. Missing, too, is a serious growth agenda. That gap — not demographics, nor electoral college math — is the GOP’s most serious deficiency in its […]
From Louisville, Kentucky, U.S. Senator Rand Paul declared his candidacy for the presidency. The run-up had all the pageantry now associated with such affairs: prayers, recitations of the Pledge of Allegiance, a rendition of the Star Spangled Banner, and well-produced campaign videos galore.
There also was something […]
Paul Krugman, a few years ago, wrote at length to extol the magnum opus of science fiction grandmaster, Isaac Asimov, the Foundation Trilogy. Prof. Krugman’s reflections thereon are of keen interest.
I met Asimov once, 40+ years ago, at a world science fiction convention. I even […]
The author interviewing Rand Paul.
Libertarianism no longer seriously can be considered marginal. It has emerged as an important part of our public discourse.
Sen. Rand Paul writes, “They say the libertarian moment has arrived. If you want to understand and be part of that moment, read David […]
The New York Times considerately gives us an early look at the Box Canyon into which the 114th Congress, the GOP leading, is riding. In G.O.P. Is Divided as Budget Bills Start Piling Up we discover:
WASHINGTON — In their first major test of governing this year, […]
One of the most frightening forces at work in the world today is the tendency of Big Government toward perversion of science. The scientific method is pristine. Scientists are human, and fallible. The secular beatification of scientists and demeaning of science is a perversion. Better to beatify […]
At CPAC, recently, an estimated 10,000 conservatives and libertarians, together with many presidential aspirants, gathered across the Potomac. They did so amidst massive hoopla and intense media fascination. We in the media are nothing if not suckers for hoopla.
History, however, typically emerges without hoopla. Janet Yellen, […]
Washington, DC, is the capital of the United States. Yet Silicon Valley is the true capital of the America of the present and the future. Silicon Valley and its satellites gave us personal computers, web browsing, email, Amazon, eBay, PayPal, Facebook, Uber, Airbnb, iPhones, iPads, and other […]