August 10, 2022

Who Pays the Price to Control Inflation?

Civilian unemployment in U.S., July 2022. Bureau of Labor Statistics

I am a historian of the economy, not an economist, and I was dismayed to find that over many decades the experts expended little energy to find softer ways than higher unemployment to tame inflation. Today, many economists–including the informative liberal Paul Krugman–are happy that the Federal Reserve is jacking up interest rates to raise unemployment, scare workers, and cut wage increases. Left-wing economists do not share that enthusiasm.


July 15, 2022

BIG IDEAS: The Case For a State-Owned Airline

Lufthansa began as national carrier, and the state of Germany is still a majority shareholder. (Photo from Pixabay.com

This airline could become one facet of a state-owned transportation system that optimizes travel by train, plane, and bus to maximize quality of life while preserving the planet,


July 11, 2022

June Jobs: Pretty Good, But Wait for the Recession Train

The Bureau of Labor Statistics’ job and unemployment report for the month of June is pretty positive. The official unemployment rate, derived from a sample of households, stayed low: 3.6% for the fourth month in a row. The rates for Asian-Americans and Hispanics were also quite low at 3.3% and 4.3%. But unemployment rates stayed…


July 8, 2022

What is Politics?

Politics is the question of how we manage our resources.


July 5, 2022

Rebels on the Border

A linocut of Mexican anarchist Ricardo Flores Magón.

The history of the Mexican Revolution has been largely overlooked by the modern U.S. Left. Bad Mexicans introduces readers to Ricardo Flores Magón and co.