Obituary of the Democratic Party

Ordinarily I detest alliteration as the contrived deliberate mind-numbing of critical sensibilities, but here it works—and deserves usage. “Pusillanimous”—my trusty Webster’s Ninth Collegiate—is defined as, “lacking courage and resolution: marked by contemptible timidity” (1586), akin to cowardliness, itself opening a definitional Pandora’s box: “COWARDLY, PUSILLANIMOUS, CRAVEN, DASTARDLY mean having or showing a lack of courage. Cowardly implies a weak or …

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“Core Inflation In The US Would Be Just As Low As In The Eurozone If Measured On The Same Basis”

Anyone with a pulse knows that Europe is stuck in a downturn worse than the Great Depression. Most think that the U.S. has fared better … but that is debatable. Mega-bank Société Générale’s strategist Albert Edwards notes: “Core Inflation in the US would be just as low as in the eurozone if measured on the same basis, despite the US having enjoyed much …

'The Sound of Music' film

Austria is fast becoming Europe’s latest debt nightmare

Ah Austria, land of schnitzel, lederhosen, Mozart, alpine meadows and beer drinking. Less widely appreciated is its special place in the history of catastrophic banking crises. It was the failure of Creditanstalt, a Viennese bank founded in 1855 byAnselm von Rothschild, that arguably sparked the Great Depression, setting off an unstoppable chain reaction of bankruptcies throughout Europe and America. No-one …

brains trust

Rationalizing Lunacy

Policy intellectuals — eggheads presuming to instruct the mere mortals who actually run for office — are a blight on the republic. Like some invasive species, they infest present-day Washington, where their presence strangles common sense and has brought to the verge of extinction the simple ability to perceive reality. A benign appearance — well-dressed types testifying before Congress, pontificating …