Intermediate

The current political polarization in the USA is not a "threat" to "our democracy." Instead, democracy as we know it is the prime reason for the polarization.

To no one's surprise, governments that interfere with their economies at every turn are at war with each other. Perhaps there is another path to peace.

The "experts" solemnly tell us that deflation is even worse than inflation, and that deflation always will lead an economy into recession. The truth turns such "wisdom" upside down.

We are told that economic growth goes along with liberal democracy. But social institutions play an important role that transcends the political order.

Despite the Left's denials that Hitler was a socialist, a careful reading of his writings and speeches tells a different story. His sympathies lay with the workers, not the bourgeoisie.

After all the romanticizing about democracy and voting, in the end, we are still left with the sad fact that the worst always find their way to the top.

Despite assurances from politicians and the media, the Federal Reserve System is not a collection of geniuses who stand guard against inflation and recession. Instead, think of the Fed policy makers as the Keystone Cops of central banking.

Trying to understand the Russian invasion of Ukraine from the exclusive viewpoint of modern Western democracy is to ignore the long history of authoritarian leadership in Russia.

While the battlefield results are mixed, much of the action in the Russia-Ukraine war is happening beyond the warring countries.

Paul Krugman recently wrote that the reason we see high inflation is that people mistakenly believe inflation is in our future and act accordingly. This reasoning is false.