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Analysis and Commentary

General Milley And The 'Perfumed Princes' Of The Pentagon

by Bruce Thorntonvia FrontPage Mag
Monday, September 20, 2021

General Mark Milley, Chairman of the Joint Chiefs and the military’s highest-ranking officer, according to Bob Woodward and Robert Costa’s new book took actions in the waning days of the Trump administration that are plausible predicates for charges of treason. This blatant violation of his oath to uphold the Constitution and its subordination of the military to the civilian government accountable to the people, must be further investigated and if substantiated, appropriately punished. 

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Featured

Debt Ceiling Modest Proposal -- Perpetuities

by John H. Cochranevia Grumpy Economist
Monday, September 20, 2021

The debt ceiling dance has started again. Read Treasury Secretary Janet Yellen in the Wall Street Journal. A modest proposal: Issue perpetuities. The Treasury computes the total amount of debt by its face or principal value, not its market value*. If the Treasury issues a bond that pays $1 coupons each year for 10 years and then pays $100 at maturity, the treasury counts this as $100 additional debt.

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Analysis and Commentary

Boudreaux On Government's Nature

by David R. Hendersonvia EconLog
Sunday, September 19, 2021

One general lesson that I draw from facts such as this one [the fact he’s referring to is that during the pandemic, the FDA actually used the Covid-19 emergency as a pretext to slow the approval of SARS-CoV-2 tests, rather than what many of us would have liked, which is the opposite] is about the unfortunate but largely unalterable reality of government.

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Featured

Harry Jaffa’s Love-Hate Relationship With Moderation

by Peter Berkowitzvia The Washington Free Beacon
Sunday, September 19, 2021

"I would remind you that extremism in the defense of liberty is no vice. And let me remind you also that moderation in the pursuit of justice is no virtue!" So declared GOP presidential nominee Barry Goldwater to the delight of party loyalists at the July 1964 Republican National Convention on the way to a landslide loss to President Lyndon B. Johnson in the general election four months later.

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FeaturedRelated Commentary

The Afghanistization Of America

by Victor Davis Hansonvia American Greatness
Sunday, September 19, 2021

We are doing our best to become a Third-World country of incompetency, constitutional erosion, a fractious and politicized military elite, and racially and ethnically obsessed warring tribes.

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In the News

Should Central Banks Consider Climate Change While Making Monetary Policy?

quoting Raghuram Rajanvia CNBC
Saturday, September 18, 2021

An unusual question was raised in the public central banking debates by an unusual person. Urjit Patel, former governor of the Reserve Bank of India raised the important issue of climate change, saying that central banks have to take into account climate change when they make monetary policy.

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In the News

China’s ‘Common Prosperity’ Campaign Is Going To Be Tough Going

quoting Elizabeth Economyvia The Diplomat
Saturday, September 18, 2021
Fixing inequality would require fundamental change in China’s tax structure and state system – reforms highly unlikely under the current political system.
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Analysis and Commentary

Wagner's and Weitzman's Bathtub Analogy

by David R. Hendersonvia EconLog
Friday, September 17, 2021

In a comment by Daniel Reeves on a recent post by my co-blogger Bryan Caplan, Reeves claims that I ignored the bathtub analogy in Gernot Wagner’s and Martin L. Wietzman’s Climate Shock in my review of the book.

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In the News

India's Economy In Trouble: Middle Class Stare At Job Losses

quoting Raghuram Rajanvia National Herald India
Friday, September 17, 2021
Manufacturing sector is said to the best hope to absorb the growing educated youth looking for jobs. With Ford Motors deciding to shut shop, joblessness threatens to become more acute.
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In the News

Biden Announces Indo-Pacific Alliance With UK, Australia

quoting Matt Pottingervia Miami Herald
Friday, September 17, 2021
President Joe Biden announced Wednesday that the United States is forming a new Indo-Pacific security alliance with Britain and Australia that will allow for greater sharing of defense capabilities — including helping equip Australia with nuclear-powered submarines. It's a move that could deepen a growing chasm in U.S.-China relations.
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