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Excessive credit leads to crash… so expand credit again?

Martin Wolf in today’s Financial Times puts the Federal Reserve’s “quantitative easing”, as well as other countries’ monetary expansions, into perspective:

Monetary policy has worked, in practice, via credit expansion. It is, as a result, at least partly responsible for the debt crisis of today. Who can now confidently state that ...

The rent is too damn high

At a seven-candidate debate for governor of New York, Jimmy McMillan of the Rent Is Too Damn High Party stole the show. Here is a video clip of ...

Free speech not allowed on campus

Campus speech codes have not gone away, says George Lukianoff, president of the Foundation for Individual Rights in Education (FIRE), in this video interview with Reason.tv.

Lukianoff says that ...

Obama blames “scared” voters

Mickey Kaus says that Obama has returned to blaming voters for not agreeing with him, just like when he spoke of people in Pennsylvania that “cling to guns and God” during the 2008 election campaign.

At a recent fund-raising event in Massachusetts, Obama said: “Part of the reason that our politics seems ...

This week’s articles of note

“The education of a President,” The New York Times Magazine, by Peter Baker

“Confounding fathers: the Tea Party’s Cold War roots,” The New Yorker, by Sean Wilentz

“Think again: global aging,” Foreign Policy, by Phillip Longman

“No more arcs: is the West officially over?” The New Republic, by Rochelle ...

The truth about the Currency Wars

Thumbnail : The truth about the Currency Wars

America should get its own economic house in order rather than blame the slump on China’s currency antics.

Read my spiked article in full here.

The battle to define the “21st Century Enlightenment”

Here is an animated video of a recent speech by Matthew Taylor, director of the Royal Society of the Arts, on the “21st Century ...

Focus on the Tea Party, miss what’s going on

Two op-ed pieces today provide some badly-needed perspective on the Tea Party and party politics generally.

First, the Financial Times’ Gideon Rachman is in America, and he has a very sensible opinion piece on the Tea Party in today’s edition. As Rachman rightly points out, the Tea Party “is not as ‘mad’ ...

Currency wars on hold for now

Over the past few weeks we’ve heard lots of discussion about so-called “currency wars”. The US, in particular, has ratched up its rhetoric of complaint against the Chinese for not allowing the value of its currency, the yuan, to appreciate. Japan, Brazil and South Korea have also devalued their currencies in recent ...

This week’s articles of note

“Does school choice ‘work’?” National Affairs, by Frederick M. Hess

“The elections: how bad for the Democrats?” The New York Review of Books, by Michael Tomasky

“As the world burns,” The New Yorker, by Ryan Lizza [on the Senate and climate change]

“The paranoid style in liberal politics,” Commentary, ...

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