The Just Third Way

In our previous posting on this subject, we discovered that the amount of new capital formation in the United States from 1830 to 1930 could...

As we discovered in the previous posting in this series, Say's Law of Markets obviates the Keynesian dogma that effective demand needs t...

As we saw previously in this series, Say's Law, named for a late 18th, early 19th century political economist, Jean-Baptiste Say, states...

As the economic situation worsens (despite the amount of whitewash the media pour on the situation) the level of activity in the Just Third ...

As we have already discovered, redistribution through the tax system or by printing money does not address the problem underlying the curren...

The problem is what to do about an unworkable economic system based on Keynesian economics. Unfortunately, the choices that are forced on m...

The question is what to do about Keynesian economics. Keynesian economics is based on the assumption that people can spend what they have n...

Defined benefit pension plans seem like a great idea — when the economy is doing well and times are good. "Everybody knows" that ...

Much of the confusion surrounding the "sudden" spate of bankruptcies to which high wage and benefit packages seem to have made sub...

"May you live in interesting times" is (so we're told) a particularly vitriolic Chinese curse. That is true from an individua...

Eons ago — a few decades, anyway — G. K. Chesterton wrote about the "Utopia of the Usurers." Chesterton, of course, was looking a...

Back in 1745, Pope Benedict XIV issued Vix Pervenit , an encyclical condemning the charging of interest on loans of money made for consumpti...

While I do not claim any official position on the issue of Mr. Obama's receipt of an honorary degree at the University of Notre Dame thi...

This past Friday we sent an e-mail to Dr. John Fitz Gerald of the noted Irish think tank, the Economic Social and Research Institute, and re...

We had fewer meetings this week, but the few we had were as productive as last week's. There may be some kind of "inverse law"...

Early in the 20th century, Judge Peter S. Grosscup of the United States Circuit Court of Appeals, wrote a series of articles highlighting th...

As Vladimir Ilyich Lenin is reputed to have said, "The Capitalists will sell us the rope with which we will hang them." By propos...

The Ford Motor Company has announced that it will sell 300 million new equity shares to raise the cash to meet its health care obligations t...

Here are copies of two letters we sent last week to the Wall Street Journal and the Washington Post regarding potential sources of new cap...

A superficial review of this past week brings to mind noted comedian John Cleese's instructional business video on meetings, bloody meet...