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 that our economy was skipping down a sunny path of ...

“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 result, said the diminutive French president, it is ...

Over at Chronicles, Scott Richert comes to the defense of Tom Piatak and, referring to my last blog, accuses me of "€œindividualism"€ and of not properly understanding economics. Unfortunately, in his justification of the proposed ...

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 resonated with voters, propelling him into the White House ...

Back in the 1950s, when Americans knew from recent experience just how important it was to have a dominant manufacturing sector, Ike’s Defense Secretary, “Engine Charlie” Wilson, formerly of General Motors, famously ...

For decades, before a heedless congregation, some of us have preached the old Hamiltonian gospel. Great nations do not have trade partners. They have trade competitors and rivals. Trade surpluses are superior to trade deficits. ...

“Liquidate labor, liquidate stocks, liquidate the farmers.” So Treasury Secretary Andrew Mellon advised Herbert Hoover in the Great Crash of ‘29. Hoover did. And the nation liquidated him—and the Republicans. ...

Over the past several months, we have witnessed an unprecedented financial storm stirred up by the irrationally exuberant, Wall Street welfare parasites and their Fed-God, Ben Bernanke, and the usual enablers who roam the halls of the ...

The crushing defeat and subsequent victory of the $700 billion economic bailout bill last week left both parties pointing fingers, claiming both the failure of conservatism and the triumph of liberalism depending on one’s party or ...

In 1890, the brand-new Kansas People's Party (later to become the national Populist Party) routed the Republican state establishment in the fall elections, winning control of both the state government and the state's congressional ...

How did the United States of America, the richest nation on earth, whose economy represents 30 percent of the Global Economy, arrive at the precipice of a financial panic and collapse? The answer lies in the abject failure of both ...

Barney Frank, the 14-term congressman from Massachusetts's Fourth, might be the most well-connected and secure Democrat in Washington. Ideologically speaking, however, for the past decade or so he's seemed like one of the Left Behind. ...