"There are more things in Heaven and Earth, Horatio, than are dreamt of in your philosophy."
Concerning the state of a nation’s or the world’s economy.
Come now, and let us reason together … Isaiah 1:18 (c) Can Stock Photo / photography33 Following my post Will Automation Require Progressive Unemployment Solutions?, a reader called Cai left a comment … Read More
Incoming and outgoing international trade in San Francisco Bay Wikimedia Commons / National Oceanic and Atmospheric Administration Arguments over U.S. tax policies are moving toward a controversial tax proposal around … Read More
Container shipping has revolutionized foreign trade by greatly reducing costs of transportation by ship, rail, and truck. Wikimedia Commons / Hafiz343 I have written several times about why foreign trade … Read More
Real U.S. Per capita GDP in chained 2009 dollars (blue curve) and its percent change year over year (maroon curve). The thick green line is a linear fit of the … Read More
The four greatest neoclassical economic philosophers: from top left clockwise, Adam Smith (Wikimedia Commons / Scottish National Gallery), J.B.Say (Wikimedia Commons), Carl Menger (Wikimedia Commons / Mises.org) , and David Ricardo(Wikimedia Commons … Read More
Left: Jean-Baptiste Say (5 January 1787 – 15 November 1832), Wikimedia Commons Right: John Maynard Keynes (5 June 1883 – 21 April 1946), Wikimedia Commons / National Portrait Gallery At … Read More
The Robert F. Kennedy Building in 2006, the headquarters of the U.S. Department of Justice. DOJ’s Operation Choke Point is an important case study in how democracies can evolve toward … Read More
Line of shoppers in front of a Polish shop in the 1980s. A common sight in Warsaw pact countries ruled by communism. Wikimedia Commons Actually, dirigisme as a way of … Read More
The first three progressive presidents: Theodore Roosevelt, William Howard Taft, and Woodrow Wilson Photo Credits: Wikimedia Commons / Pach Brothers , Wikimedia Commons / George Grantham Bain , and Wikimedia Commons / Harris … Read More
Plot of annual Real U.S. GDP per capita growth in percent averaged over ten year periods The Gallup Organization Despite all the parroting by much of the media, Obama has … Read More
Are you ready for your soul to be weighed? Morguefile.com / Southernfried This is not an an essay on how human values and ethics are irreconcilable with Reality. At least … Read More
Donald Trump giving his victory speech early this morning YouTube / RT.com Donald J. Trump’s victory yesterday to become the President-elect of the United States is a fitting surprise for … Read More
Reality to us: Oh, No, No! Don’t Go There! (c) Can Stock Photo / ngaga35 Usually when we do not recognize some aspect of the nature of Reality, Reality reminds … Read More
A wartime factory worker in 1940s Fort Worth, Texas Wikimedia Commons/Library of Congress, Prints and Photographs Division On opening up my online edition of the Wall Street Journal this morning, … Read More
Imagine Hillary Clinton here. The Oval Office during the administration of William Jefferson Clinton Wikimedia Commons/National Archives and Records Administration I hate to say it, but it sure looks like … Read More
The time-evolution of the GDPNow statistic from the Center for Quantitative Economic Research of the Federal Reserve Bank of Atlanta. Image Credit: Federal Reserve District Bank of Atlanta/Center for Quantitative … Read More
Which is more immoral? Photo Credits: CNN.com and CNN.com You know the United States has fallen on very hard times when conversations about nominees … Read More
Russia and its western “Near Abroad” Map courtesy of Google Maps Russia is becoming a major danger to the rest of the world on a par with ISIS because of their “Russian … Read More
Hurricane Isabel, a category 5 hurricane, seen from the International Space Station in September 2003. This deadly storm had many of the same system characteristics in the planet’s weather that … Read More
The kind of jobs that are available? A railroad work crew in 1941 near Bellefont, Kansas. Photo Credits: Wikimedia Commons/National Archives and Records Administration/Charles O’Rear, 1941, Photographer Many have been … Read More
Screen Shot of James Comey swearing-in at House Judiciary Committee meeting on why he did not recommend seeking an indictment for Hillary Clinton on July 7, 2016. James Comey has sullied … Read More
The Thinker in The Gates of Hell at the Musée Rodin Wikimedia Commons/Jean-Pierre Dalbéra, Paris, France The most sacred words any human being can utter are “I believe …”, The more … Read More
Our sad choices: Hillary Clinton and Donald Trump Photo Credits Left to Right: WikiMedia Commons/Voice of America, Wikimedia Commons/Michael Vadon On the day when Hillary Clinton and Donald Trump are … Read More
Which to Choose? Photo Credits: CNN.com and CNN.com The choices we have for president, while … Read More
Particularly notable dirigistes from the past. From top-left clockwise: King Louis XIV of France, Karl Marx, Adolf Hitler, Benito Mussolini Image Credits from top-left clockwise: Wikimedia Commons/Louvre Museum, Wikimedia Commons/John Jabez … Read More
Moscow Victory Day Parade, 2015 Wikimedia Commons/Kremlin.ru Russia is having increasingly difficult economic problems, as was discussed in my last post. A large part of the reason for that can … Read More
Constant Russian per capita GDP in 2010 US dollars (Blue curve) and its percent change from a year earlier (red curve). Image Credit: St. Louis Federal Reserve District Bank/FRED Data … Read More
The Moscow Kremlin, the working residence of the President of Russia. Wikimedia Commons/Минеева Ю. (Julmin) (retouched by Surendil) Will Adolph Hitler and Benito Mussolini have the last laugh on history? There seems … Read More
The Bulls Are Charging! Photo Credit: Charging Bull — NYC via photopin (license)/ Sam Valadi Every now and then, I experience a modicum of doubt about my pessimistic picture of the economy. … Read More
Real quarterly, annualized GDP growth rate in percent from Q1 of 2009 to Q2 of 2016 Image Credit: St. Louis Federal Reserve District Bank/FRED It is time for me to … Read More
