By Michael M. Rosen
A closer look at environmentalists’ hatred of air travel.
A cause is to politics what fanaticism is to religion — a plague to be avoided at all costs.
On the night of November 25, 1882, Gilbert and Sullivan premiered their seventh comic opera at the recently finished Savoy Theatre in London. Unlike their previous collaborations, such as the ...
The great economist turned political science on its head. But a new book says Olson was off base.
Question: Why is there a National Cotton Council but no National Anti-Cotton Council? After all, as you may or, more likely, may not know, the federal government subsidizes cotton growers to the ...
Time for meaningful non-military pressure against Iran is quickly running out. U.S. policy needs to inflict more ...
Just what will it take to bring Iran’s nuclear ambitions to heel? The past year has seen a dramatic expansion of economic pressure against the Iranian regime by the United States and Europe, ...
A proper analysis of the debt burden tells a much different story than the debt level by itself.
Until recently, Republicans were perceived as the business-savvy party. But in the time since Reagan left office, the party’s business veterans, whose wealth-creation expertise had been a major ...
Civility to one’s opponents, certainty, restraint, federalism, economy, thrift, and respect for faith: these and other ...
Debt takes its toll. To no one had this ever seemed clearer than to a 61-year-old farmer named Oliver Coolidge, who languished in Woodstock Common Jail in Windsor County, Vermont, in the spring of ...
One can only hope global policymakers wake up to the risks of a strengthening euro before it is too late.
In currency wars, where some countries pursue policies deliberately aimed at cheapening their currencies, there are generally winners and losers. Judging by recent currency movements, Europe is the ...
I have never failed to be moved by Grand Central’s incomparable (and irreplaceable) architectural grandeur.
One hundred years ago this week, the largest railroad station in the world officially opened for business after 10 years of construction. Today, Grand Central Terminal serves upward of 500,000 people ...
Gauge our ‘ability to handle’ the debt by considering it in relation to the size of the economy.
Now that the Republicans have postponed the debt-ceiling debate, they’ve bought themselves some valuable time. If they use it wisely, they’ll discover a new strategy for handling the ...
Longevity is the wrong characteristic to reward in the case of government workers.
In the private sector, workers are often compensated on the basis of performance. In government, workers are compensated primarily on the basis of credentials (the higher the degree, the higher the ...
Hyman Minsky offered profound thoughts about the economic dialectic between, as he characterized it, ‘entrepreneurs and ...
Thomas Stanton’s 2012 study of comparative organizational performance during the great 21st-century financial crisis, Why Some Firms Thrive While Others Fail, cites Frank Knight’s 1921 ...