by Dan Sullivan
The health care kerfuffle has got me to thinking about the underlying problem of socialism, which is that it is a distraction from actual justice and rights. Continue reading
Free Trade Doesn’t Work: What Should Replace It and Why by Ian Fletcher, 2011, Coalition for a Prosperous America. Review by Lindy Davies
Imagine! More controversy about free trade. The same old arguments spin around and around. Continue reading
by Lord Byron (1823)
But where is now the goodly audit ale?
The purse-proud tenant, never known to fail?
The farm which never yet was left on hand?
The marsh reclaim’d to most improving land?
The impatient hope of the expiring lease?
The doubling rental? What an evil’s peace!
In vain the prize excites the ploughman’s skill
In vain the Commons pass their patriot Bill;
The Landed Interest — (you may understand
The phrase much better leaving out the Land) —
The land self-interest groans from shore to shore,
for fear that plenty should attain the poor.
Up, up again, ye rents! exalt your notes,
Or else the ministry will lose their votes,
And patriotism, so delicately nice,
Her loaves will lower to the market price….
Safe in their barns, these Sabine tillers sent
Their brethren out to battle — why? for rent!
Year after year they voted cent. per cent.,
Blood, sweat, and tear-wrung millions — why? for rent!
They roar’d, they dined, they drank, they swore they meant
To die for England — why then live? — for rent!
The peace has made one general malcontent
Of these high-market patriots; war was rent!
Their love of country, millions all misspent,
How reconcile? by reconciling rent!
And will they not repay the treasures lent?
No: down with everything, and up with rent!
Their good, ill, health, wealth, joy, or discontent,
Being, end, aim, religion — rent, rent, rent !
Thou sold’st thy birthright, Esau! for a mess;
Thou shouldst have gotten more, or eaten less….
Joseph E. Stiglitz, The Price of Inequality: How Today’s Divided Society Endangers our Future. New York: Norton Press, 2012. Review by Bill Batt
Joseph Stiglitz’s latest book takes up the theme that the health of a democracy depends upon the strength of a middle class. Continue reading
by Jonathan Hall
There are only two ways in this world to gather wealth: make it or take it. All economic policy debate concerns allocations based on these two “sources.” Continue reading
by Polly Cleveland
This is Polly’s most recent post to date at her excellent blog, Econamici. — L. D.
In the May 24 New York Review of Books, Paul Krugman writes, “The truth is that recovery would be almost ridiculously easy to achieve; all we need is to reverse the austerity policies of the past couple of years and temporarily boost spending.” Continue reading
by Luke North*
Present itself to you
As a personal equation — Continue reading
by Mason Gaffney
This is a story of the ideas of an 18th Century Frenchman, A.R. Jacques Turgot. His bones are buried, like all, yet the ideas were born again, and again. They always will be, because they illumine and solve universal and ongoing economic and human concerns. Continue reading