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“Government is sick — and just at a time when we need a strong, healthy, and vigorous government.” — Peter F. Drucker Yesterday, I was in Washington, D.C., for meetings with my publisher and to witness the Democrats’ highly partisan impeachment of President Trump on the flimsiest of grounds. Abuse of power? What president hasn’t abused […]
“Geography makes the United States the most powerful country of all.” — Peter Zeihan, “The Accidental Super Power” (2014) “I, in my own mind, have always thought of America as a place in the divine scheme of things that was set aside as a promised land.” — Ronald Reagan (1952) Geopolitical analysts have recently focused on the importance […]
I hope you all had a wonderful Thanksgiving last week with friends and family. My wife and I drove across America on our way to our new home in California, where we will be teaching at Chapman University. We headed south through Texas, New Mexico, and Arizona to avoid a series of snowstorms, and enjoyed […]
I always look forward to spending time with friends and family on Thanksgiving, the most unique of holidays. It’s not celebrated on a Monday, and now that the commercials all focus on Black Friday, we can enjoy Thanksgiving without feeling guilty about excessive commercialization. I used to criticize the fact that “Black Friday” takes the […]
The immense accumulations of fixed capital [has been] to the great benefit of mankind.” — John Maynard Keynes (1920) “Free-market capitalism is the best path to prosperity.” — Larry Kudlow motto on CNBC Karl Marx got one thing right. He clearly identified the source of prosperity under free enterprise, or what Adam Smith called “the system of natural liberty.” He called it “capitalism” because it is […]
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“Nobody cares about Latin America.” — Henry Kissinger This week my wife and I are leading a small group of FreedomFest investors on a cruise to Mexico and Central America. This was supposed to a once-in-a-lifetime trip to Communist Cuba, but President Trump canceled such trips by his executive order. While we had 86 people signed up […]
There are a lot of bad tax ideas out there, and most of them have been tried and backfired. They include: — Confiscatory progressive income taxation (over 90% in the United States and the United Kingdom in the 1960s). — Luxury taxes on yachts, furs and expensive cars (adopted in the early 1990s but abolished […]
“The years roll around and the last will comes; when I would rather have it said, He lived usefully, than he died rich.” — Ben Franklin The American dream is a paradox. People are glorified who live long and die young (note the admiration of celebrities who died young like Marilyn Monroe or Elvis Presley). It is […]
“Government is the only agency that can take a valuable commodity like paper, slap some ink on it, and make it totally worthless.” — Ludwig von Mises Last weekend, I was in Miami to give a talk on “Modern Monetary Theory,” and had dinner with Bill Beach, the director of the Bureau of Labor Statistics […]
“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.” — Winston Churchill A few weeks ago I gave a lecture at Hillsdale College on “How to Get Rid of a Bad Idea (Democratic Socialism): With a Better Idea — Democratic Capitalism!” In this talk, I wrote on the blackboard Karl […]
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