Everybody is looking for ways to describe the dire state of the world economy. Some have used Crisis with a capital C, a sinking Titanic or a perfect storm. These are all dramatic expressions to describe a very serious situation. However, the latest metaphor being used is even more dramatic. Leading economists … Read more
The issues now being debated in the 2016 elections are framed as if the country revolved around a great big cookie jar. The benefits and promises candidates offer are like cookies that must be substantial, instantly gratifying and abundant. All the problems the nation faces seem to be reduced to who has … Read more
Not a few Americans have an aversion to social and economic inequalities. This repulsion arises not so much from philosophical convictions as from a temperamental disposition at the heart of which lies a serious misconception about the nature of compassion. Such mentalities believe that inequalities, particularly those of a social or economic … Read more
Subject to another’s authority, the proud person first hates the particular yoke that weighs upon him. Secondly, the proud man begins to hate all authority in general and all yokes, and, even more, the very principle of authority considered in the abstract. Because he hates all authority, he also hates superiority of … Read more
Sir Winston Churchill – born of an American mother and an English father – reached the apex of human greatness in his country, and attained it deservedly by his exceptional talents, the unusual scope of his personality, and the merit of the many services he rendered his country during the course of … Read more