According to British philosopher John Gray, economist F.A. Hayek failed to grasp the fundamental inefficiency of capitalism, held to an ahistorical theory of business cycles, misunderstood the Great Depression, and offered policy recommendations that would have been disastrous had any government listened. Gray offers these critiques in the July 30 issue of New Statesman, in…
Author: admini22
Russian media: U.S. ‘economic apocalypse’ in September
Friday’s American stock market provided further evidence of instability in the nation’s economy, and even as financiers fear a possible fiscal disaster in September, there has been little coverage among U.S. media. But the state-run media of Russia is warning of what it calls America’s “economic apocalypse.” The Russian news service Sputnik, an agency…
Chinese birth tourism in U.S. strong
(Rolling Stone) Peter and Ellie Yang, by all outward appearances, are living the Beijing dream. They have a condo in an up-and-coming area, a white Honda that Peter keeps immaculate and a rambunctious one-year-old son, Xiongxiong. They wear brand-name jeans and own separate iPhone 6s. On holidays, they go to Sanya — “China’s Hawaii” —…
Sheriff: Drug cartels control U.S. soil near Phoenix
(BREITBART) Thursday on Fox News Channel’s “Your World With Neil Cavuto,” Pinal Co., AZ Sheriff Paul Babeu said drug cartels armed with AK-47’s “control many areas on American soil” noting that they are only 30 miles from Phoenix. Babeu detailed touring the border yesterday with Republican presidential candidate Ben Carson and said, “We flew him…
“Hitler Didn’t Snub Me — It Was Our President”
Each week, Mr. Reed will relate the stories of people whose choices and actions make them heroes. See the table of contents for previous installments. James Cleveland “Jesse” Owens famously won four gold medals, all at the 1936 games in Berlin, Germany. But in the hearts of Americans who know their Olympic history, this African…