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Tag Archives: America

Is the U.S. Becoming a Third World Nation?

Back in the day, nations that didn’t qualify as either developed (First World) or developing (Second World) were by default Third World, impoverished, corrupt and what we now refer to as failed states–governments that were incapable of improving the lives of their people and the machinery of governance, generally as a result of corruption and self-serving elites, i.e. kleptocracies. Is the U.S. slipping into Third World status? While many scoff at the very question,...

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Beyond victims and villains

I’ve often argued against the “victims and villains” discourse on poverty. This refers to the tendency of progressives to view the poor as victims of a flawed economic system, and conservatives to blame poverty on bad personal decisions (drugs, crime, lack of education, single parenthood, etc.) I don’t like either view. Noah Smith has an excellent article on this subject, which helps to clarify some of the issues. In the end, I’ll interpret the data in a slightly...

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Transmission of America’s legacy of liberty, equality, and justice…. or transformation? – Publications – AEI

AEI Transmission of America’s legacy of liberty, equality, and justice…. or transformation? The chart above is from Hudson Institute senior fellow John Fonte that accompanies his excellent article “A Transformation of the American Regime?” Here’s an excerpt: Almost all observers agree that America is profoundly divided. This intense polarization has been described by the Claremont Institute’s Angelo Codevilla as a “cold civil war.” What is it all about? First and...

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Bono: America is ‘an idea.’ That’s how we see you around the world, as one of the greatest ideas in human history – Publications – AEI

AEI Bono: America is ‘an idea.’ That’s how we see you around the world, as one of the greatest ideas in human history The video above is from a speech given by musician and activist Bono at Georgetown University on Nov. 12, 2012, at an event hosted by the Global Social Enterprise Initiative and Georgetown’s McDonough School of Business. The full version of Bono’s Georgetown speech is available here. Here’s the “money quote”: America is an idea....

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Inflation and Mercantilism in America: Five Cases

Reprinted from Mises.org If inflation is the health of the State, how and in what way has government generated inflation in the history of the United States? The following case studies illustrate this process, as well as the important connection between inflation and centralized State control of the economy. They illustrate also the connection of inflation with mercantilism—the use of economic regulation and intervention by the State to create special privileges for a favored group of...

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Trump Stumped As Bannon-Backed Roy Moore Wins Alabama Republican Primary By Landslide

President Trump congratulates Moore for his victory... Congratulations to Roy Moore on his Republican Primary win in Alabama. Luther Strange started way back & ran a good race. Roy, WIN in Dec! — Donald J. Trump (@realDonaldTrump) September 27, 2017 In a serious rebuke for President Trump (and perhaps moreso for Senate Majority Leader Mitch McConnell), ousted judge and alt-right favorite Roy Moore has won the Alabama Republican Primary by a landslide. The Steve Bannon-backed candidate,...

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Warren Buffett, antidote to pessimism and the preachers and prophets of doom: ‘America’s best days lie ahead’

In every year since 1970, Warren Buffett (world’s second wealthiest person with a net worth of $74 billion, pictured above) has sent an annual letter as the CEO of Berkshire Hathaway to the holding company’s shareholders. The letters from 1977 to 2015 are archived and available here (they are usually released in late February, so the 2016 letter should be available in a few weeks). Most of the annual letters contain 20-30 pages of primarily financial performance results for...

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Bernie Sanders: Indicting Hillary Would Be An Outrage Beyond Belief

Submitted by Stefanie MacWilliams via PlanetFreeWill.com, In his first post-election interview, Bernie Sanders has declared to should-be-disgraced Wolf Blitzer that Trump seeking to indict Hillary Clinton for her crimes would be “an outrage beyond belief”. When asked if President Obama should pardon Hillary Clinton, Sanders seems almost confused as to why a pardon would even be needed. Blitzer notes that Ford pardoned Nixon before he could be charged, to which Bernie seemed again...

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What the American Votes For

[Snoring as a Fine Art, and Twelve Other Essays (1958)] Thomas Nast, Harper’s Weekly, December 23, 1876 My first and only presidential vote was cast many, many years ago. It was dictated by pure instinct. I remember the circumstances well. Like all well-brought-up youngsters, I had been told that it was the duty of every citizen to vote — reasons not stated. I was prepared to obey in all good faith, and accordingly, when the time came, I set forth to the polls. But what was I to...

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90% of American voters lack confidence in country’s political system

A new national poll has revealed that 90 percent of American voters lack confidence in the country’s political system while 40 percent went so far as to say that the two-party structure was “seriously broken.” Myles Hoenig, a political commentator in Baltimore: – The widespread frustration among American voters shows that the country’s electoral system is in dire need of change. – This could be the end of super delegates and maybe even the idea of primaries, which are designed by the...

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