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    Commentary, Politics / Iran, Middle east /

    When is an act of war not?

    June 23, 2025

    It is surely mystifying, isn’t it? America just dropped bombs on Iran, and one of the questions being most discussed is whether that constitutes an act of war.   What else could it possibly be? Only in a nation beset by a confusion of lawyers could the question arise.  Bombing someone else’s country is an […]

    Economics, Politics / Burton Malkiel, capitalism, Comparative advantage, David Ricardo, democracy, trade /

    Big Guns on Trade: Ricardo via Malkiel

    May 22, 2025

    Wheeling out the big guns at last! It’s taken a while, but we’ve arrived.  At long last we have an article in the Financial Times — our bastion of global financial goings-on — that explains David Ricardo to those who need to know. Better late than never. Even better:  the article is authored by no […]

    Politics / capitalism, democracy, Martin Wolf, plutocracy, Populism, Trump /

    A, Belated, Response to Wolf

    April 28, 2025

    A friend of mine, here in Vermont, has disrupted my enjoyment of a pleasant spring morning by reminding me of what Martin Wolf says about populism.   Specifically he referred me to pages 180-181 of the Wolf book “The Crisis of Democratic Capitalism”. I wish he hadn’t.  I have been cajoled into a rant: My […]

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