Category: Economics

  • By Selwyn Duke Napoleon Bonaparte once said that history is “a series of agreed-upon myths.” Yet that current events can be, too, brings us to a question. Can the Democrats win the midterms only if Americans subscribe to a certain myth? That is, the idea that President Donald Trump’s second term has been a failure.…

  • By Selwyn Duke “A government that robs Peter to pay Paul can always depend on the support of Paul.” So noted famed English author George Bernard Shaw, lamenting the British political system in 1944. And now a Frenchman, lamenting the French political system today, has a warning for Americans. Don’t be Paul. Paul believes promises.…

  • By Selwyn Duke Much of what governs how people vote isn’t reality, but perception of it. Just consider the economy. We’re supposedly experiencing an “affordability crisis.” It is true, too, that Iran-conflict disruptions have raised oil prices. Yet there’s also much good economic news — though you wouldn’t know it listening to the legacy media.

  • By Selwyn Duke A Rasmussen poll last September discovered something Americans once found unthinkable: Fifty-three percent of likely voters aged 18 to 39 want a “democratic socialist” elected president in 2028. And that’s not all. Seventy-six percent of these under-40s believe that major industries “like health care, energy, and big tech should be nationalized to…

  • By Selwyn Duke “Rain will always fall downwards,” the saying goes. “Don’t try to change the impossible.” And government will always run up debt to buy votes and print “counterfeit” currency to cover the deficits. While this is taken for granted, a revolution led by Argentine president Javier Milei aims to break the cycle. If…

  • By Selwyn Duke “You know, people say that demographics are not destiny,” said American “civil rights” attorney Judith Browne Dianis in 2019. “Well, we’re trying to make it destiny, so that’s the work that we are doing.” Among those who already considered it destiny was late Libyan leader Muammar Gaddafi, speaking in 2006. “There are…

  • By Selwyn Duke “A billion here, a billion there, and pretty soon you’re talking real money” goes the apocryphal saying. This satirizing of government’s spendthrift ways is more appropriate than ever, too. After all, our projected 2026 federal budget is $7.4 trillion and our national debt $39 trillion. Our federal tax revenue this year is…

  • By Selwyn Duke It has been said that more suffering is caused by ignorance than intended iniquity. One of the best examples of this, too, may be in economics. And with socialism gaining currency in our society, economics warrants serious discussion.

  • By Selwyn Duke “A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury,” goes the famous apocryphal warning. “From that moment on, the majority always votes for the candidates who promise the most benefits….” The result of this “is that every…

  • By Selwyn Duke For decades, there would be much talk among politicians about United States budget deficits (and the national debt). Yet this faded sometime after 2010, at the latest, after which our debt achieved elephant-in-the-room status. It’s perhaps just too scary or inconvenient — when you want or are promising free stuff — to discuss.…