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The US foreign policy establishment has seen itself embarrassed quite a bit lately. The supposed golden age that President Obama promised to usher in in the wake of the calamitous Bush 43 presidency has not come to pass. In fact, there seems to more similar than different between Obama and Bush’s approach to national security affairs and...

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Spreading democracy abroad requires more than military power, as history has shown from the two World Wars.

The very philosophy of the Axis powers is based on a profound contempt for the human race. If, in the formation of our future policy, we were guided by the same cynical contempt, then we should be surrendering to the philosophy of our

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Last week, following Edward Snowden’s widely discussed interview with NBC News , the famed venture capitalist behind Andreessen Horowitz (AH from here on in) and cofounder of Netscape, Marc Andreessen, declared that Edward Snowden was not a hero but a “traitor.” The textbook definition, he says.

Why would Andreessen, long a...

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We will all discover that the economy is much more fragile than advertised by the Central Planners and their media toadies.

This week I have made the case that the past 13.5 years have been the most destructive to the core values of the nation in U.S. history. The same holds true for the economy, which has been critically weakened by 6 years of...
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Gary Becker’s Imperialistic Blunders about Crime

By William K. Black

This is the fourth installment of my series of articles about the absurdity of the Swedish Central Bank’s selection of Gary Becker for its Prize in 1992 on the basis of his embarrassing imperialistic forays into other disciplines.  One of the forays the Swedish Central Bank cited wa...

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Gary Becker’s Apology for Discrimination

By William K. Black

Theoclassical economists have strange views on a wide range of subjects including discrimination.  Becker was an economist at U. Chicago.  Richard Epstein, Becker’s colleague at U. Chicago’s law school, cites Becker’s book about discrimination as his key citation to the economics literat...

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(Tom Friedman Justifies 2003 Iraq War In Off-putting Sexual Terms)

One of the consequences of President Barack Obama not bringing to justice the architects of the illegal and disastrous 2003 Iraq invasion and torturous occupation is that those same war criminals feel free to now launch asymmetric attacks against common decency and rational thought...

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Gary Becker’s Nobel Prize for Getting It all Wrong: The Family

By William K. Black

George Stigler celebrated Gary Becker as theoclassical economics’ schwerpunkt that led their blitzkrieg assault on other social sciences.  Stigler proudly called economics the “Imperial” discipline.  The idea that imperialism was a desirable trait is a typical example...

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In 1946, an American singer, Merle Travis, recorded a song called "Sixteen Tons." The song told the story of a poor coal miner in Kentucky, who lived in a small coal mining town. The town's economy revolved entirely around the mine.c

The mining company owned a "company store," which had a monopoly on the sale of provisions. It charged rates that

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Asia's corporate funding needs will outstrip those of the US and Europe combined by 2018, according to the latest report by Standard & Poor's Ratings Services...

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