Secession and the Antifederalists

Richard Henry Lee, leading Antifederalist One of the most exciting political developments in recent years has been the secessionist movement which has flourished among a number of American states and across the globe in places such as Venice and Scotland. The common thread in nearly all these movements has been opposition to the modern nation … Continue reading Secession and the Antifederalists

The World Bank and Rising Food Prices

A recent World Bank report warned of rising global food prices as if a study (no doubt an expensive one) is needed to explain what everyone who buys food or, for that matter, any commodity, is keenly aware of. "Food price shock," the report cautioned, "can both spark and exacerbate conflict and political instability, and … Continue reading The World Bank and Rising Food Prices

The Consumer Spending Myth

There is no bigger misconception held among the financial press and within academia than that of consumer spending. A typical example of this comes from a recent Reuters release entitled: “Strong Consumer Spending, Factory Data Buoy U.S. Growth Outlook.” The first sentence of the article reads, “U.S. consumer spending recorded its largest gain in more … Continue reading The Consumer Spending Myth