World
The Tragedy of Africa: Foreign Aid and Debt Forgiveness
The official declarations coming out of the G8 meetings in Scotland, as well as the raucous demonstrations surrounding those meetings, talk about saving Africa. But, looking back over the decades and generations, Africa has been "saved" so many times that you have to...
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Science & Technology
Dispelling Some Crude Myths About Oil’s Real Impact
Economists are beginning to panic about the recent run-up in the oil price (+36%, year to-date, to $44.4/barrel) and its likely future impact on stock prices, profits and output in the U.S. But there's no reason to panic. A fast-rising oil price is no necessary...
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Culture
Books: The Nazi Connection: Eugenics, American Racism, and German National Socialism
In his 1910 textbook, Elementary Principles of Economics, world-renowned Yale Professor Irving Fisher devoted part of a chapter to “Population in Relation to Wealth.” Fisher warned of the problem of “race suicide” caused by the fact that the most industrious and...
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Politics
The ‘Diversity’ Fraud
what justifies diversity? Nothing but unsupported assertions, repeated endlessly, piously and loudly.
Markets
Why the U.S. Yield Curve Reliably Predicts U.S. Recessions
Economists, investors, and policy makers would do well to take seriously the predictive power of the yield curve, to study and comprehend not only its empirical but also its causal features.
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Law
Edward Snowden: Traitor by What Definition?
It’s now an undisputed fact, in the minds of our esteemed government officials: Edward Snowden, the man who exposed the U.S. government for spying on private, law-abiding citizens, is a traitor. Exactly how did this label get smuggled in to the whole controversy about...
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