We’re Watching a Great Depression Re-Run

We’re Watching a Great Depression Re-Run

The philosopher George Santayana wrote: “Those who cannot remember the past are doomed to repeat it.” Which is what we’re doing. I thought I’d found an isolated instance of that phenomenon the other day when I ran across quotes on the necessity...
A Bold New Call for a ‘Maximum Wage’

A Bold New Call for a ‘Maximum Wage’

How about taking a moment this Labor Day to reflect about those Americans who earn the least for their labor? These Americans — workers paid the federal minimum wage — are now making $7.25 an hour. On paper, they’re making the same wage they made in...
The Freedom to Fear

The Freedom to Fear

Serious commentators are telling us not to assume that the Supreme Court is going to find “Obamacare” unconstitutional just because the conservative justices gave the government lawyer a hard time when the case came before the Court last month. Somehow...
It’s Time to Study Social Security’s Origins

It’s Time to Study Social Security’s Origins

After a bubble economy burst, the stock market collapsed. Main street businesses began to fold and jobs soon vanished. Millions of job seekers remained unemployed as the months turned into years. Both government and personal debt soared. The best economic minds in...