Academic Fascism in America

From the Nazis to the Stalinists, tyrants have always started out supporting free speech, and why is easy to understand. Speech is vital for the realization of their goals of command, control and confiscation. Free speech is a basic tool for indoctrination, propagandizing, proselytization. Once the leftists gain control, as they have at many universities, free speech becomes a liability and must be suppressed.

Yield Purchasing Power: $100M Today Matches $100K in 1979

I wrote a story about poor Clarence who retired in 1979, and even poorer Larry who retired last year. I created these characters to challenge the notion of calculating a real interest rate by subtracting inflation. The idea is that the decline of a currency can be measured by the rate of price increases. This price-centric view leads to the concept of purchasing power—the amount of stuff that a dollar can buy. It’s the flip side of prices. When prices rise, purchasing power falls.

Hillary Clinton’s Trump Card

Donald Trump has virtually no chance of becoming even the Republican Party’s candidate in 2016, much less being elected President of the United States. If Trump ran as a third-party candidate he would virtually guarantee victory for Hillary Clinton.

Complex Societies Need Simple Laws

Big-government advocates will say that as society grows more complex, laws must multiply to keep up. The opposite is true. It is precisely because society is unfathomably complex that laws must be kept simple.