Posted inPolitics

Hold the Champagne, Republicans

What if the Democrats win? The prevailing assumption is that Republicans will take the Senate in the midterm elections on Nov. 4. It would be a surprise if they didn’t. But not a huge surprise. In the poll averages at RealClearPolitics, Republican Senate candidates have leads smaller than 2.3 percentage points in Alaska, Georgia and […]

Posted inPolitics

Monetary Policy Isn’t Class Warfare

What the poor need now, according to some pundits, is more inflation. The latest to make the argument is Pascal-Emmanuel Gobry, writing at The Week. Others argue further that central banks throughout the developed world have been held back from generating the required inflation because it would hurt the rich. This sort of class-based analysis […]

Posted inPolitics

Another 1998 Disaster for Republicans?

With elections looming in November, Republicans are counting on President Barack Obama’s unpopularity to deliver them control of the Senate. They’re not running on an agenda, refusing even in broad outline to say how they would reform the tax code or replace Obama’s health-care law. Some conservatives are unhappy about that. National Review complained in […]

Posted inPolitics

Romney? Again? Please Stop

This week, Mitt Romney said there was a “one of a million” chance he’d run again for president in 2016. Political journalism being what it is, his comments were taken to mean that he was “opening the door” to another campaign. Never mind that Romney was quoting a part of the movie “Dumb and Dumber” […]

Posted inPolitics

Palestinian Civilians Aren’t the Bad Guys

Israel is a democratic state that is trying to respect human rights while defending itself against an adversary, Hamas, that does not. Benjamin Netanyahu, Israel’s prime minister, is obviously right to say that the killing of Palestinian children is something Hamas desires as part of its strategy. My sympathies are therefore entirely with Israel, and […]

Posted inPolitics

Inflation Cranks Keep Cranking

“I don’t think you have until 2012 before this gets out of control and there’s hyperinflation. It could go past that to 2014, but we’re seeing all sorts of things happening now that are accelerating the inflation process.” Thus spoke economist John Williams in May 2011. The Consumer Price Index rose 1.6 percent in 2012 […]

Gift this article