Dear Judy, I just want to let you know that I’m here for you on your problem with bipartisanship, and to apologize for not being there for you when you were struggling so with your problem with her emails. As far as I’ve been able to determine, to date: Partisans were a subspecies of humans […]

Karl Marx/Benjamin Franklin Mashup Capital itself is the moving contradiction, in that it presses to reduce labour time to a minimum, while it posits labour time, on the other side, as sole measure and source of wealth. Remember that time is money. Hence it diminishes labour time in the necessary form so as to increase […]

by Joseph Joyce The IMF and the Coronavirus A global threat such as the coronavirus should be met with a global response. National governments, however, have generally not coordinated their efforts, with the exception of those that belong to the European Union, and even there the distribution of vaccines has not gone smoothly. International agencies, on […]

Impeachment: What’s the Message? The mantra of the moment is that impeachment is not a trial and shouldn’t be governed by the same rules that apply to a court of law.  True, but that means it’s really a political event, where the verdict matters less than the message. What’s coming through the media reporting is […]

Today Tyler Cowen posted this: Remember the proposals for a $15 federal minimum wage? Employment would be reduced by 1.4 million workers, or 0.9 percent, according to CBO’s average estimate… That is from the new CBO report. Here is a bit more context: In an average week in 2025, the year when the minimum wage would […]

Pushing Back For Democracy Around The World  Given the massive impetus the presidency of Donald Trump gave to authoritarian and anti-democratic forces around the world, it is worth seeing that his defeat in a democratic election, despite his efforts to illegally overturn it, seems to have been followed by some outbursts of pro-democratic demonstrations in […]

Boston College History Professor Heather Cox Richardson continues her dialogue “Letters from an American” with coverage of events leading up to the Senate trial of a former president and the passage of a much needed economic rescue of the nation’s citizens caught up in an epidemic. “Historians are fond of saying that the past doesn’t […]

Kevin Quinn at Econospeak has an interesting conversation on how the Biden proposed stimulus will play out. “Summers and Ricardo”

James Buchanan, one of the most influential free-market conservatives of the past half century, chastised liberals (progressives) for being romantic about politics.  His work on Public Choice Theory urged us to look at “politics without romance”. Buchanan was right.  Being overly romantic about politics can lead to serious error, but this error is by no […]