Political Economy

Zohran Mamdani canvassers by PS 153

My Socialist Mayor

I live in New York City. "Proud Democratic Socialist" Zohran Mamdani is likely to be my next mayor. I'm not happy about it. But I am outnumbered. Mamdani is popular. He won ...

New York Stock Exchange

War on Capitalism

Capitalism gets a lot of hate. I expect it from the left. They blame free markets for racism, "horrifying inequality" and even, according to Economist Joseph Stiglitz, ...

Mahamadou Issoufou

When Eggheads Go Sour

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 ...

Is the Conflict Between Us Irreconcilable?

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 ...

No Accidents in Wisconsin

What has happened in Wisconsin? Everyone seems to know but me. The liberal media knows it was "€œunion busting"€ and an assault on the middle class. The neo-conservative ...

Cui Bono With the Bailouts?

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 ...

It’s Hoover Time

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 ...

Big Government to the Rescue

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 ...

The Big Problem With Low Interest Rates

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 ...

Bailout Bonanza

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 ...

We”€™re All Socialists Now

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 ...

The Truth About the Bailouts

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 Lost Detroit?

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 ...

As GM Goes, So Goes the GOP

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 ...

The Humpty Dumpty Economy

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 ...

The “€œBretton Woods II”€ Delusion

“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 ...

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