For the third straight year, the median income of the typical American family fell in 2010. Adjusted for inflation, it is back where it was in 1996, the longest period of zero growth since the Depression. And the poverty rate has inched up to 15.1 percent. Both figures, however, should …
“Your people, sir, is … a great beast.” So Alexander Hamilton reputedly said in an argument with Thomas Jefferson. At the Constitutional Convention of 1787, Hamilton explained: “Real liberty is not found in the extremes of democracy, but in moderate governments. If we incline too much to democracy, we shall …
Social Security is a “Ponzi scheme for these young people,” said Gov. Rick Perry in his first debate as a presidential candidate. “The idea … that the current program is going to be there for them is a lie.” Pressed by the moderator, Perry did not back down. He doubled …
Editor’s note: Pat Buchanan wrote this Sept. 11, 2001 analysis for NewsMax magazine’s 10th anniversary commemorative edition. Not since Pearl Harbor, 60 years before, had we been as united as in that September after Islamic terrorists brought down the twin towers. The nation stood behind the president in his resolve …
In Cairo in 1943, when the tide had turned in the war on Adolf Hitler, Winston Churchill, who had embraced Joseph Stalin as an ally and acceded to his every demand, had a premonition. Conversing with Harold Macmillan, Churchill blurted: “Cromwell was a great man, wasn’t he?” “Yes, sir, a …
Once, it was a Labor Day tradition for Democrats to go to Cadillac Square in Detroit to launch their campaigns in that forge and furnace of American democracy, the greatest industrial center on earth. Democrats may still honor the tradition. But Detroit is not what she was, not remotely. And …
In the early morning hours of Sept. 1, 1939, 72 years ago, the German army crossed the Polish frontier. On Sept. 3, British Prime Minister Neville Chamberlain, having received no reply to his ultimatum demanding a German withdrawal, declared that a state of war now existed between Great Britain and …
“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” “Lenin was certainly right,” John Maynard Keynes continued in …
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