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Burn the ships!

Burn the ships!

By Alex Tokarev
Posted

Government | Some time ago, I had a heated argument with a colleague of mine on how to treat our students. His considerable experience as a pedagogue had taught him that…

The myth of immigrant healthcare costs

The myth of immigrant healthcare costs

By Alex Tokarev
Posted

Immigration | Last week I examined two myths about immigration. We can see how our culture of political correctness put new clothes on old arguments. A century ago…

Two cheers for immigration

Two cheers for immigration

By Alex Tokarev
Posted

Immigration | "There are real problems about permitting unrestricted immigration into a welfare state," wrote Milton Friedman in the late 1970s. "It's one thing when people…

How the spirit of capitalism returned to America

How the spirit of capitalism returned to America

By Alex Tokarev
Posted

Economy | One lesson we could have learned from the Weimar Republic and the rise of Hitler is that "political freedom cannot be preserved unless inflation is kept in…

Lessons in leadership

Lessons in leadership

By Alex Tokarev
Posted

Economy | Last week I noted how Paul Volcker, almost accidentally, ended up in the hot seat as the Federal Reserve chairman. He immediately assaulted inflation by…

Despicable Fed: The anguish of central banking

Despicable Fed: The anguish of central banking

By Alex Tokarev
Posted

Economy | In theory our central bankers are independent from the government. In practice the Federal Reserve is under constant pressure from the president and Congress.

How Keynes made it cheaper to drown 'em than to raise 'em

How Keynes made it cheaper to drown 'em than to raise 'em

By Alex Tokarev
Posted

Economy | In The Great Inflation and Its Aftermath , Robert J. Samuelson noted how a whole generation of "new economics" experts infiltrated the White House, Congress, and…

Our planned economy

Our planned economy

By Alex Tokarev
Posted

Economy | Last week I stopped my narrative at the point where LBJ was forced to fight a war on many fronts against the destructive forces of inflation. In his book The

The rising stagflationary tsunami

The rising stagflationary tsunami

By Alex Tokarev
Posted

Economy | Last week I noted how President John F. Kennedy bequeathed to his successors a team of economic "experts" confident that they could eliminate the business…

How economists hijacked the republic

How economists hijacked the republic

By Alex Tokarev
Posted

Economy | "Those who don't know history are destined to repeat it." This warning from the 18th century Irish philosopher Edmund Burke explains why our generation is…

Forgotten lessons from the Great Stagflation

Forgotten lessons from the Great Stagflation

By Alex Tokarev
Posted

Economy | "We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in…

A penny saved is a penny lost?

A penny saved is a penny lost?

By Alex Tokarev
Posted

Economy | It was during the Great Depression that John Maynard Keynes found what he believed to be an explanation for the crisis of capitalism. He boldly proclaimed…

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