Category: Economics

  • By Selwyn Duke Violence. Rioting. Looting. Economic collapse and civil unrest. This isn’t a dystopian movie plot, but something else according to an economist with a good track record for prognostication: America’s dark future. The economist is Martin Armstrong, whose correct predictions include the 1987 Black Monday crash and the 1998 Russian financial implosion. And…

  • By Selwyn Duke “Equal pay for equal work!” the mantra goes. “Women get only 73 cents on a man’s dollar!” These are oft-heard slogans, and we may well hear them again during the fall campaign with the War on Women afoot. Now, going beyond the rhetoric, it’s not widely known but nonetheless true that the…

  • By Selwyn Duke Call it the Obama birth dearth. While the immigrant-fueled birthrate of the United States had recently been fairly robust, it has now dropped below replacement level. And demographers are unsure as to why. Writes Joseph Lawler at Washington Examiner: The fertility rate fell to a record low 62.9 births per 1,000 women…

  • By Selwyn Duke A market economy is absolutely the worst system in the world — except for all the rest. This isn’t just a play on Winston Churchill’s quip about democracy, it’s also true. Pity that we have to rely on those vice-ridden, flighty creatures called human beings to make decisions about what products and…

  • By Selwyn Duke It seems that you can take the junk food out of the neighborhood, but you can’t take the neighborhood out of the junk-food mentality — or something like that, anyway. You might have heard about the debacle of Michelle Obama-inspired school lunches, with children throwing away massive amounts of unpalatable fare and…

  • By Selwyn Duke A certain business won’t be opening its doors in Portland, Oregon — it seems it would attract the “wrong kind” of people. No, it’s not a strip club or porn shop, or even a pawn shop. It’s Trader Joe’s, the unique grocery chain famous for offering health foods and exotic fare at…

  • By Selwyn Duke When pondering our obsession with immigration, I’m reminded of how people in the ridiculous dystopian film Idiocracy were watering their crops with an energy drink called Brawndo. And even though the crops weren’t growing, the suggestion to try water instead was met with the following conditioned response in the drink’s defense: “It’s…

  • By Selwyn Duke They used to hang horse thieves — now they elect them mayor. As many know, New York City’s new commandant, Bill de Blasio, has sworn that one of his first acts upon taking office will be to ban Central Park’s iconic horse-drawn carriages. He claims that forcing horses to work in Manhattan…

  • By Selwyn Duke While the United States put a man on the moon in 1969, it took a bit longer to get there with our spending. But we finally made it with our profligate ways, as 3.9 trillion (our estimated 2013 budget) one-dollar bills stacked up would reach all the way to the moon —…

  • By Selwyn Duke It’s hard to forget meeting a man who hated Mahatma Gandhi. I once did, though. No, he wasn’t some erstwhile viceroy lamenting lost glory days, but an Indian born and raised in the land of sati and saris. The reason for his ire? He said that when Gandhi drove the British out,…