Recently I read an interview with the President of Niger, the francophone country to the north of Nigeria, about Boko Haram, the Islamist group that kidnapped more than 200 Nigerian girls and threatened to sell them into some kind of slavery. President Mahamadou Issoufou said, by way of explanation, that "poverty is the principal ally of terrorism." Is this really so? There are plenty of very poor places in the world that are free from terrorism, so poverty is not a sufficient condition for it; whether poverty is a necessary condition depends on the definition of poverty that you ...
One way or another, the battle of the budget and the debt ceiling will be over by All Hallows’ Eve. Yet, as one looks deeper, at the irreconcilable conflict behind the present clash, only a ...
What has happened in Wisconsin? Everyone seems to know but me. The liberal media knows it was "union busting" and an assault on the middle class. The neo-conservative media knows it was ...
For the first time in my life (and I trust it will be the last), I find myself siding with the otherwise abhorrent neocons against a young, courageous giant of the Right, Tom ...
What are Republicans thinking of, pulling the plug, at Christmas, on GM, risking swift death for the greatest manufacturing company in American history, a strategic asset and ...
In a deepening recession, what does the reasonable man do? Seeing friends laid off, he will get rid of all but essential credit cards, dine at home more often, terminate ...
Government and mainstream economists have erroneously concluded that the key to reversing the financial free fall can be found in stopping the plunge in home prices. (I would ...
Keeping track of the ever mutating bailout debate is becoming increasingly difficult. With the Federal money spigots now thrown wide open, and with no one of influence advising ...
Barack Obama and George W. Bush seem to have come away from their study of the Great Depression with similar conclusions: To wit: After the Crash of 1929, the Federal Reserve ...
As the Federal bailout bonanza prepares to spread beyond the mortgage and financial sectors to fill Detroit’s depleted coffers, few economic or policy analysts have spared a ...
Who killed the U.S. auto industry? To hear the media tell it, arrogant corporate chiefs failed to foresee the demand for small, fuel-efficient cars and made gas-guzzling ...
Understandably, Republicans are seething. When Hank Paulson demanded $700 billion to haul away the trash in the dumpsters of JPMorgan Chase and Goldman Sachs—assuring us ...
Before the current economic crisis became apparent to all, the most popular fable used to describe America's uncanny economic resiliency was the story of Goldilocks. It was argued ...
“Laissez-faire is finished, the all-powerful market that is always right, that’s finished,” said Nicholas Sarkozy, speaking ex cathedra, last month. As a ...
Over at Chronicles, Scott Richert comes to the defense of Tom Piatak and, referring to my last blog, accuses me of "individualism" and of not properly understanding ...
In 1980, when the U.S. economy was last in serious trouble, Ronald Reagan offered the correct diagnoses that government was the problem and not the solution. His message ...
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