Today, many condemn the idea of nationalism by connecting it to race hatred (e.g., white nationalism). But historically, the modern nation-state has proven uniquely suitable to preserving individual rights. The American nation in particular was successful in uniting individuals of different races, ethnic backgrounds and creeds into one people based on shared principles, a unique physical space, and a common national story.
So if wealth is not the answer to "how big is inequality," by any sensible measure, and if the wealth tax is not the answer to "what's the best way to raise money, or to redistribute income," if in fact wealth and wealth taxes are terrible answers to these questions, what is the question to which the wealth tax is the answer, and alarmist measures of wealth inequality to buttress it the pathway?
Although a single vote has yet to be cast in Iowa or New Hampshire, it’s tempting to ponder a pair of summer and autumnal spectacles that probably will go unmentioned in next Tuesday’s debate in Iowa, the seventh such gathering of President Trump’s challengers: a brokered Democratic National Convention, come July, and a “hung” presidential jury – 269 electoral votes for each candidate – come November.
I thought that "wealth and taxes" would be a short blog post. It turned in to a 5 part series. Here's an overview, or table of contents in case the whole thing looks a bit intimidating. The most important one, really I think is Part V, "it's all political." The others build bit by bit, well, this can't be the answer and that can't be the answer, so what is the answer, and Part V finds it.
We need to pause sometimes and remember who these dinosaurs were and what they have contributed. For a while longer, a few are still with us, a sort of collective keyhole through which we can look back into a now unremembered American past, whose codes and mores we simply abandoned—and to our great and present loss.
Since the region’s economic crisis broke out, the eurozone’s central bank has continually found itself at odds with the economic and political establishment of the region’s most powerful country. They have lambasted almost every policy move the ECB has taken, with the central bank regularly on the receiving end of criticism in the mainstream media.
Journalist and author Adam Minter talks about his book Secondhand with EconTalk host Russ Roberts. Minter explores the strange and fascinating world of secondhand stuff--the downsizing that the elderly do when they move to smaller quarters, the unseen side of Goodwill Industries, and the global market for rags.
Melanie Rucinski, a doctoral student in public policy at the Harvard Kennedy School, joins Paul E. Peterson to discuss her new paper, “Racial Diversity in the Teacher Pipeline,” which looks at how Massachusetts might make the teaching workforce better reflect the student population.
In the latest U.S.-Iran clash, the EU has acted rationally. Burned so often by American hauteur, a strategic lightweight like the EU cannot but resort to suasion, mediation, and de-escalation to evade entrapment in a conflict it cannot control.
China believes it should rule the world, so of course it thinks it has every right to control the Mediterranean. In a few years, it will do so, if we extrapolate even just a little. Beijing’s dominate-the-Med strategy begins at the water’s edge, where it has embarked on an impressive ports-buying spree.
Economic policy uncertainty has taken center stage in recent years. According to an aggregation of newspaper-based indices for 21 countries by Steven J. Davis (“An Index of Global Economic Policy Uncertainty”, Macroeconomic Review, 2016), global economic policy uncertainty has increased considerably since 2015 and reached historically high levels.
I rarely watch a whole 1-hour plus podcast but there have been 2 exceptions lately. One is the 84-minute bloggingheads conversation between Brown University professor Glenn Loury and Columbia University professor John McWhorter. It’s on the New York Times‘s famous (infamous?) 1619 project from this summer.
In a recent blog post, George Mason University economist Tyler Cowen writes a tribute to what he calls “State Capacity Libertarianism.” I use the word “tribute” advisedly because Cowen doesn’t really make a case. Instead, he claims that libertarians should be State Capacity Libertarians, and settles for eleven assertions about what State Capacity Libertarianism is, while putting minimal flesh on the bones.
As I write this, my niece and nephew-in-law are somewhere in New Orleans — and in something of a progressively impaired state, I’m guessing, thanks to the French Quarter’s willingness to allow revellers to take the party into the streets.
Here’s a question for Britain’s famed bookmakers: Where will the Megxiteers land? Prince Harry and Meghan, Duchess of Sussex, have announced plans to spend part of the year in North America, with speculation favoring Canada. But Meghan is from Los Angeles, her mother lives there and the New York Post reports that the couple’s friends Oprah Winfrey and George and Amal Clooney have advised them on living in Southern California.
At the midcentury mark, economist G. Warren Nutter (1923–79) provided one of the lone dissenting voices to challenge what had become a matter of conventional wisdom among Sovietologists. Whereas others perceived vibrancy and vitality in the socialist society’s industrial growth, Nutter recognized its long-term economic decline concealed behind a politically crafted veneer of propaganda about socialist industrial prowess.
Anti-Trumpers in the Democrat House impeachment hearings and in the Deep State realms of the FBI, intelligence agencies, and State Department, seem to believe that President Trump is not to supposed to make or change domestic and foreign policy. Only the opposition party and non-elected federal bureaucrats can do that.
From Obama-era officials to eminent Middle East scholars, Stanford international affairs experts convened on Friday to discuss escalating tensions between the U.S. and Iran. The panel provided historical context to the Jan. 3 U.S. drone strike that killed Iranian major general Qasem Soleimani.
Critics have designated this the new Golden Age of Television. The list of recent great TV shows is long starting with the “Sopranos” continuing with “Breaking Bad,” “Mad Men,” and going on to “Game of Thrones” and “The Marvelous Mrs. Maisel..” Add to this list “Walking Dead,” “Stranger Things,” “Fringe” and “Arrow”—there is something great for everyone.
Two Texas A&M professors wrote an opinion piece in The New York Times last week that calls for United States officials to put together a cohesive and clear foreign policy “grand strategy” as the world enters a new decade.
When they meet this July in Milwaukee, Democrats hope they will be anointing the 46th U.S. president. Their nominee won’t be picked in any iconic “smoke-filled room,” but that’s only a certainty because convention halls are now non-smoking venues. But there may be old-fashioned horse-trading.
How low can interest rates go? It is a question that worries central bankers everywhere. Since the global financial crisis of 2007-08 rates have been pushed down to unprecedented levels in order to prop up growth. With central banks’ interest rates near or below zero across much of the world, room for further cuts to combat the next downturn is limited.
Boeing's largest supplier is laying off a significant number of its employees because of the 737 Max production suspension. Spirit AeroSystems, which makes fuselages for the Max as well as other items for Boeing, announced Friday that it is furloughing approximately 2,800 workers. Shares of the Wichita, Kansas-based company fell more than 1% in trading.
With Iran’s recent declaration that it will no longer follow the nuclear deal it signed with the U.S. in 2015 after the death of Iranian general Qassem Soleimani in a U.S. drone attack in Baghdad, the Vail Symposium’s program Monday couldn’t be more relevant.