Money, Power, and Politics

electrical union

Ann Robertson and Bill Leumer. As a result of the unions’ current orientation toward the Democratic Party, one must look long and hard for compelling examples, aside from the 1930s, when unions put up a valiant struggle.

Anatomy of an Apology

goodbye rush

Steve Hochstadt: Some people talk nasty and nastier, hoping to prevent the next Sandra Fluke from expressing herself. Bigmouths thrive in the silence of others.

Mr. President, War Is Not Peace

Nobel-War-Prize

Lofty rationales easily tell us that warfare is striving for the noble goal of peace. But the rationales scarcely intersect with actual war. The oratory sugarcoats the poisons, helping to kill hope in the name of it.

How the White House’s Deal With Big Pharma Undermines Democracy

town-hall

The White House confirmed it has promised Big Pharma that any healthcare legislation will bar the government from using its huge purchasing power to negotiate lower drug prices. That’s basically the same deal George W. Bush struck in getting the Medicare drug benefit.

The Fed and Authoritarian Capitalism

greenspan

Chinese authoritarian capitalism, on display this week in Beijing, has me thinking about America’s democratic capitalism and how we practice it. Start with the U.S. economy’s most powerful government agency: The Fed, of course. Its decision this week to hold short-term interest rates steady was wrong, in my view; it should have lowered them because [...]

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