As an integral part of the economy, Wall Street will never disappear. But with a terrible reputation for many years, especially since the Great Recession,...
The Sad State of the Economics Profession
It is not an exaggeration to say the current reputation of economists is probably just below that of a used car salesman. The recent failures... Read more
The IMF is Dead Wrong on Low Interest Rates
In its just-published World Economic Outlook the IMF trumpets the view that the real level of equilibrium interest rates worldwide has declined substantially since the... Read more
Syria’s Real Scoreboard
It’s simpler when war is binary. Easier to understand – and discuss – when one side is winning, and the other is losing. When it... Read more
Putin’s Risky Bet in Ukraine
To understand why Russian President Vladimir Putin has been willing to escalate tensions in the Ukraine even after annexing the Crimean peninsula, it’s instructive to... Read more
Bundy, the Senecas and Fighting for Sovereignty
In 1997, New York state declared war on the Seneca Nation reservations located upstate near Tonawanda. The war was over a declared power of the... Read more
Our First Ally
Napoleon got smacked around by the fierce Russian winter, and the Germans had their way with the French army in three wars over seven decades,... Read more
Why Are Muslims Turning Away From Science?
“Seek knowledge, even if you have to go all the way to China!” The above is one of the most well known and oft-quoted statements... Read more
The Poverty of Western Strategy in Ukraine
The West has very few options left to curb further Russian aggression in the Ukraine. After seizing Crimea many naively hoped that Russia would be... Read more
The Shooting of Marius the Giraffe: Cruel When Not Kind
Recently, the Copenhagen Zoo shot a young giraffe named Marius with a bolt gun, publicly dissected it—like a hanged criminal in 18th-century England—in front of... Read more
From Syria to China, Cisco Stonewalls on Inquiries Into Surveillance Projects
Like other “networking giants” in the industry it leads, Cisco Systems does business with governments and private sector entities around the world. It is not... Read more
Government as Innovator? You Bet!
Five years ago, the federal government spent $169 billion to fund basic research and development. This fiscal year, it’s down to $134billion. People who believe... Read more
Japan Lost the Battle to Be a Top-Tier Power
For an extended period of time after World War II, Japan had the potential to be a major economic power behind the United States, given... Read more
Ukraine Crisis: Is the West Powerless to Stop Russian Aggression?
As the situation in Ukraine rapidly spins out of control, various Western leaders have stepped up their verbal warnings to Russia. President Obama, in a... Read more
The Algerian Elections and the Status Quo
As in many other authoritarian regimes in the region, the Algerian elections are not meant to facilitate a change of leadership through voting, but are... Read more
Taliban Victory in Afghanistan Would Pose Problem for Pakistan
As the world awaits the outcome of the Afghan elections and the beginning of NATO withdrawal, it’s generally assumed that Pakistan would welcome Taliban victory... Read more
Cognitive Dissonance on Minimum Wages and Maximum Rents
“Many cities are pricey places to live.” That was the opening line and major premise of a recent Los Angeles Times opinion piece advocating that... Read more
How Did Putinism Come to Pass?
At the moment, Russia stations 100,000 troops at Northern, Southern and Eastern borders of Ukraine to intimidate that country. With the achievement of getting Crimea... Read more
How America Created Canada’s High-Tax State
For some present-day Canadians, it is often assumed that our identity rests upon a higher tax burden vis-à-vis the United States. Actually, the historical record... Read more
Marching on Pistorius: Athlete and Democracy on Trial in South Africa
With Nelson Mandela’s death, news from South Africa seemed to have died along with the world’s most famous ex-political prisoner turned president. It was as... Read more
Ranchers and Empire in the American West
The militarized siege of a cattle ranch near Bunkerville, Nevada has drawn national attention as dozens of federal agents, armed with machine guns, sniper rifles,... Read more