Leftist Economists Praise Their Hero Even Though His Data Is Bunk

Recently, a large group of heavyweight scientists debunked the “science” in the latest UN Climate Change hysteria report, and now one the Progressives’ economics heroes, Thomas Piketty, is found to have massively fudged his numbers to argue for wealth-redistribution. Here’s the conclusion of Robert Murphy of the Ludwig Von Mises Institute: In the interest of brevity, I had to limit my quotations from [Larry] Summers’ review. But I hope the limited excerpts above show my point: Summers was Read more […]

The Rigged Game & Elizabeth Warren’s Temptation—With Larry Summers as Devil

“The game is rigged and the American people know that. They get it right down to their toes.” —Elizabeth Warren Elizabeth Warren and I have very different views about the world, about humanity, and the optimum trajectory and contours for civil government. I believe there’s a place for government, but in a much more limited sense than Ms. Warren. I hold the “messiness of freedom” as a higher value than the alleged “wisdom” of an elite class convinced it knows what is best for people, and Read more […]

Krugman to Middle Class: You’re Dead; Get Used to it

If it was only Krugman, I wouldn’t bother with this, but he’s not only speaking for himself. Spend any time around monetary officials and one word you’ll hear a lot is “normalization.” Most though not all such officials accept that now is no time to be tightfisted, that for the time being credit must be easy and interest rates low. Still, the men in dark suits look forward eagerly to the day when they can go back to their usual job, snatching away the punch bowl whenever the party gets Read more […]

“Hit the Road Barack” and Don’t You Come Back No More

Niall Ferguson is the Laurence A. Tisch Professor of History at Harvard University. In 2004, he was named as one of the 100 most influential people in the world by TIME magazine. In this week’s issue of NEWSWEEK, Ferguson has written a provocative article (“Hit the Road Barack”)  that is sure to send shock waves through the liberal media  . . . if they decide to report on the story, which they may not. If they do comment on it, they most likely will point out that Ferguson, by his own Read more […]