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The Four World War Ones (Best of “Hubris”)
“World War One broke out three times (nearly) before it finally broke out. In the same place and for the same reason: the conflict between Austria-Hungary and Russia over hegemony in the Balkans—the…
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The Russians Came, The Russians Came!
Note: Sanford Rose has approached July’s monthly theme, “Home,” by reminding us what nation is truly responsible for our living today in the “land of the free and home of the brave” —namely,…
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America in My Father’s Day
“Despite computers and the robotics they spawn, the rate of advance in output per unit of labor and capital input is far more sluggish than it was when my father lived. The commonplace…
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Trade’s Not Just About Trade: It’s About Class & Caste
“To avoid the kind of class warfare that festers just below the surface of our increasingly uncivil society, the rich and affluent must surrender a portion of their gains, not just from trade…
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Growing Up in Orange County (Florida) Sucks
“To be sure, poverty begets poverty. But it is not the sole determinant. Much depends on where in the US you grow up poor. Children of poor parents in some parts of the…
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Was the Great Depression a Happy Event?
“It turns out that the middle period, 1920-1970, was the golden age for the growth in the American standard of living. Though the number of hours worked fell (reflecting the transition to a…
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Ben Bernanke: My Hero?
“Bernanke’s discussion of the failure of the Fed and the Treasury to prevent Lehman’s collapse savors of a legalism that is somewhat inconsistent with the boldness of his many successful central-banking ploys. Equally…
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Trump’s Trumpery
“I suppose people have forgotten that the word “trumpery” originally meant deceit, from the French ‘tromperie.’ It has since evolved to mean useless trifles. Either definition suits the twaddle of The Donald, who…
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The None-Too-Merry Merry Go Round
“So, in effect, government is taxing the rich, who provide most of the revenue to fund transfers, in order to enable the poor to pay for a relatively unchanging healthcare package that has…
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Dispatches from OO
“There is a therapy . . . which has proven efficacious . . . in improving joint function . . . . But you are not likely to hear about it from your…