A Samizdat political cartoon distributed illegally in the early 1980s in Eastern Europe showed the Soviet Politburo staring in astonishment at John Kenneth Galbraith’s assessment that the Soviet economy was thriving and that it was two-thirds the size of the US economy, and in a few years the USSR would out-do the US economically. Hardly [...]
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The standard justification for the Federal government’s trillion-dollar-plus deficits for the next decade is this: “Without this stimulus, the economy will fall into another Great Depression.” This is the Keynesian Party Line, all over the West. It is promoted by almost everyone. Even normally free market economists have gotten on board. Standing at the side [...]
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The mark of political sovereignty is legal immunity from failure. For example, the government of the United States cannot be sued without its consent. It is above the law. It must consent to expose itself to the possibility of failure in a court. In school, we are taught about an ancient idea that is long [...]
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The political leadership of Russia has never been awfully impressive when it comes to exercising common sense. The history of the Russian Empire and the Soviet Union has been a continuous string of political and economic blunders, ignorance, miscalculations and failed predictions about the future.
Full Story » On July 20, 1969, two Americans landed on the moon. While railroads transformed commerce, communication, and travel in the United States, Moon landings abruptly stopped with no commercial benefits after six missions. There are still people, 40 years later, who believe it never happened. Whoopi Goldberg is the latest. Bill Kaysing thinks he knows why. [...]
Full Story » A story is told that during the days of the Cold War a two-car automobile race took place between the United States and the former Soviet Union. An American newspaper reporter described the result of the race this way: "American car beats out Soviet competitor."
Full Story » "When error comes, it always rides in on the wings of truth." Nikita Khrushchev (1894-1971), Premier of the former Soviet Union, described a time in the Communist republic’s history when a wave of petty theft was sweeping through the government-owned plants.
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