Economics & Political Systems

On Reading Aloud in Congress

Opening the 112th Congress by having a succession of representatives read the Constitution aloud on the floor of the House was a worthwhile exercise, despite heated criticism to the contrary. If nothing else, it showed how little respect many members … Continue reading

Death of the Pro-Life Democrat?

Editor’s note: A longer version of this article first appeared in American Spectator. With the swearing in of the 112th Congress, an already endangered species is nearing extinction in the Capitol Building: the pro-life Democrat. That the Democrats took a … Continue reading

The Wilson You Never Knew

Editor’s Note: A version of this article first appeared in USA Today. On the heels of a recent Sunday magazine profile of Glenn Beck, The New York Times published a roundtable discussion among six scholars on the issue of President Woodrow Wilson. Wilson has become a popular … Continue reading

Christmas at Katyn

The people of Poland got an early Christmas present this year. It’s bittersweet but long awaited, and indeed a gift of sorts—and from an unlikely source: Russia. In Moscow, the State Duma, Russia’s legislature, passed a statement conceding Soviet responsibility … Continue reading

The ACLU’s Not-So-Holy Trinity

Editor’s Note: A version of this article first appeared in today’sAmerican Spectator. The ACLU seems unusually active right now. What gives? Maybe it’s the Christmas season, which always seems to spring the ACLU into high gear, making it more miserable than … Continue reading

Barack “Clinton” Obama?

“Obama Announces ‘Framework’ for Deal With Congress to Extend Bush-Era Tax Cuts.” That was the lead headline at this morning’s FoxNews website. It’s an eye-grabber, for sure. The article explained that the “framework” outlined on Monday evening by President Obama … Continue reading

The Lessons of Japan

Since Fed chairman Ben Bernanke announced his plan for the Federal Reserve to inflate (I’m sorry, “quantitatively ease”) commercial bank reserves by $600 billion, he has come under surprising, but understandable, criticism. So much so that he has felt compelled … Continue reading

Fed Up With the Fed

What happens to a car company that makes crummy cars, a restaurant that serves lousy food, or an insurance company that poorly serves its policyholders? Unless they mend their ways, they lose customers and eventually go out of business. That’s … Continue reading

A Thanksgiving Lesson

Every fall in my Econ 101 course, during the last class period before we part for Thanksgiving, I share a lesson from early American history. It is particularly timely, because it deals with those we credit with the first American … Continue reading

What’s Next? Buckle Up

Guest Commentary The Republican Party, with the help of the Tea Party, swept the House of Representatives with a massive pickup of at least 60 seats. The Federal Reserve made another historic announcement with its $600-billion “Quantitative Easing” program (QE2). … Continue reading