“It’s The Economy, Stupid!” What Could Really Hurt The Republicans In 2016

obmecnmy“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 […]

How Rand Paul Thinks Different

rndpldctrFrom 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 […]

The Science Fictional Foundation Under Paul Krugman, Part One

plkrgmnPaul 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 'Live and Let Live' Philosophy That Informs The Policies Of Rand Paul

Ralph-Rand

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 […]

John Boehner, Mitch McConnell, And The Congress Ride Into A Box Canyon….

bhnr-mccnllThe 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, […]

What Paul Krugman Could Learn From How Big Government Created The Obesity Epidemic

plkrgmnOne 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 […]

Janet Yellen’s Historic Meeting With The Right

jntyln2At 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, […]

Bitcoin, Bit-by-Bit, Pitches Silicon Valley Against Washington As Our True Capital

btcnWashington, 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 […]

Jeb Bush Makes A Grand Supply Side Entrance

jbbshThe Republican Party has an embarrassment of riches in good prospective presidential contenders for next year’s race. Thus Gov. Jeb Bush’s debut speech — on February 4th, in Detroit, the start of of his “Right To Rise” tour — took on heightened importance.

Presidential campaigns are about […]

The Greatest Depression You’ve Never, Ever Heard Of

The Forgotten DepressionJames Grant, in his new book The Forgotten Depression, makes a strong case for applying a prime directive of the Hippocratic Oath — “First, do no harm” — to economic policy. We today find ourselves beset by economic stagnation, racial strife, political bitterness, infectious diseases, […]

A Congressional Gold Medal Proposed For Winning The Cold War

cldwrWhat possibly could bring together Rep. Gene Green (D-Tx), Rep. Sheila Jackson-Lee (D-Tx), Rep. Michael McCaul (R-Tx), Rep. Kay Granger (D-Tx), Rep. Rosa DeLaura (D-Ct), Rep. John K. Delaney (D-Md), Sen. Mazie Hirono (D-Hi), the Honorable Annise Parker and Houston’s First Lady Kathy Hubbard, a representative […]

Exclusive Interview With Rand Paul, “Human Capitalist”

Ralph-RandRand Paul recently sat with me to share some of his views. The insights on his worldview left me persuaded that he deserves to be considered the most important public intellectual serving in the United States Senate. Time Magazine calls him “the most interesting man in American […]

Monetary Politics: The Biggest Money Player In Politics Is The Fed

fdrlrsrvWashington finally shows signs of coming to grips with the importance of money to politics. This is not about mere campaign finance. Recently there was a breakthrough in bringing the money policy issue out of the shadows and to center stage … where it belongs.

The real […]

Will Paul Ryan, Ted Cruz, Rand Paul, or Ben Carson Initiate A $100 Billion Tax Cut?

ablshirsThe new Congress has a chance at giving us a tax reform that would save us taxpayers something less than, but approaching, $168 billion dollars a year. A significant amount of taxpayer savings could be realized by streamlining the tax collection process. It can be done without […]

John Boehner, Speaker Of The House, Progressive Scourge

dms-bhnrBoehner’s problem with the militant right is not that he isn’t a conservative — he is — but that he is suave rather than confrontational. As an analogy, Baby Face Nelson was one of the most ruthless gangsters in history. Baby Face got his nickname for his […]

The Unsung X-Factor That Could Upend The Next Presidential Election

apclpsOne, and only one, candidate, Barack Obama, caught the X-factor and improbably got himself nominated and elected, and re-elected, president. Another improbable candidate could catch it again.

What is that X-factor? How does it upend things?

Peace and personal security continued to flourish in 2014 and are […]

The Occult Wars Of Kim Jong-un, Smaug, Paul Krugman And Gold

theintrvwPyongyang, evidence shows, effected a spectacular data breach of Sony Pictures to express its wrath over Evan Goldberg and Seth Rogan’s The Interview, a movie about an attempt to assassinate Kim Jong-un. Neither the United States Secret Service nor the North Korean authorities take portrayals of the […]

The Real Fed Tug Of War: the Yellen Doctrine vs. the Volcker Doctrine

jntylnThe financial markets are on a hair trigger as to when, and how quickly, the Fed will tighten and raise interest rates. Billions of dollars will be won or lost by investors on this wager.

For the rest of us, getting it right — as did Chairman […]

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, […]










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