With “The Wealth of Nations” Adam Smith installed himself as the leading expositor of economic thought. Currents of Adam Smith run through the works published by David Ricardo and Karl Marx in the nineteenth century, and by John Maynard Keynes and Milton Friedman in the twentieth.
Capitalism—Minus the Cronies
The revelation that the American taxpayer is now the World’s Banker of Last Resort, as revealed by the new FinReg bill (yet another assault on real, as opposed to crony capitalism), means Americans must face the disturbing reality that our national sovereignty is being completely undermined. And those undermining it have only one over-riding loyalty: a level of naked self-interest beyond anything the world has ever witnessed.
Economics 101-Steve Forbes
“The truth is, there is a moral basis for free markets,” Heritage Foundation trustee Steve Forbes said earlier this month at a Heritage event in Dallas. Free enterprise, he explained, creates wealth through voluntary exchange. This wealth creation, in turn, allows for the great philanthropic enterprises that have improved our lives: higher education, medical research and more. “We have to find our voices and not be on defense” against those who attack free enterprise, he argued.
Eric Hoffer
Former migratory worker and longshoreman, Eric Hoffer burst on the scene in 1951 with his irreplaceable tome, The True Believer, and assured his place among the most important thinkers of the twentieth century. Nine books later, Hoffer remains a vital figure with his cogent insights to the nature of mass movements and the essence of humankind.
Of his early life, Hoffer has written: “I had no schooling. I was practically blind up to the age of fifteen. When my eyesight came back, I was seized with an enormous hunger for the printed word. I read indiscriminately everything within reach—English and German.
What Israeli security could teach us
THE SAFEST AIRLINE in the world, it is widely agreed, is El Al, Israel’s national carrier. The safest airport is Ben Gurion International, in Tel Aviv. No El Al plane has been attacked by terrorists in more than three decades, and no flight leaving Ben Gurion has ever been hijacked. So when US aviation intensified its focus on security after 9/11, it seemed a good bet that the experience of travelers in American airports would increasingly come to resemble that of travelers flying out of Tel Aviv
Why Unhappy People Become Liberals
According to polls — Pew Research Center, the National Science Foundation — and studies such as Arthur Brooks’s Gross National Happiness, conservative Americans are happier than liberal Americans.
Liberals respond this way: “If we’re unhappier, it’s because we are more upset than conservatives over the plight of those less fortunate than ourselves.”
Utopia: Dream & Nightmare
Utopias in America, from the first Puritan settlements to the communes of the 1960s, share the goal of removal from the heart of civilization to the wilderness in order to establish a new social order. Communities with European roots embraced the equalizing demands and freedoms of the New World’s open frontier, even as the new country claimed the pursuit of happiness as an inalienable right. Though their inspirations varied—theocracy, millenialism, socialism, theosophism, behaviorism—they all reflected the American dream of a better world, now.
God Bless Barack Obama
I suppose that heading is a bit startling coming from me this fall Sunday but I mean it. In literature, deus ex machina refers to a plot device which resolves what appears to pose an intractable problem. And, as I explain, I think Obama is ours — a character who appears out of nowhere with a cast of appointees so preposterous and an agenda so irrational and offensive to Americans that he has shocked us out of our torpor, inducing millions of us out of our comfy chairs and to the barricades.