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    Commentary / defense spending, deficits, Eisenhower, Federal Budget, fiscal policy /

    Eisenhower’s Nightmare

    October 26, 2011

    As Europe stumbles through its crisis unable to lead and unwilling to be led, we should not snicker at its constant postponement of critical decisions. We in America are deft at postponement too. At this very moment we have a committee sitting behind closed doors trying to come up with a list of budget cuts […]

    Commentary /

    The Message Is Seeping Through

    October 25, 2011

    Oh dear. The Financial Times has decided to make a fool out of me. There I was explaining to a friend of mine – a moderate Republican, perhaps the only one left – that I like reading the FT because it is far superior to the Wall Street Journal, when twice, in two days, it […]

    Commentary, Economics /

    Thoughts on The Ethics Of Economics

    October 24, 2011

    Allow me to offer an ill tempered tirade: Medicine has its famous injunction: first do no harm. Economics ought to abide by that rule too. It is a massive evasion of responsibility for the profession to continue to plod along as if a few hundred more earnest papers will do the trick. They won’t. The […]

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