Monthly Archives: February 2011

Machiavelli once wrote that princes should see to it that they are either respected or feared; what they must avoid at all cost is to be despised. To have made itself despised as irrelevant: That is the legacy of US faithlessness and willful blindnes...

Some people criticize the injection of politics into economic discussions. But economic historians tell us that economists used to understand and accept that economics is wholly interrelated with politics, and that politics affects our economy. They...