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National Debt: We’re Probably Screwed 0
- September 3, 2015
According to the United States Treasury, the total national debt is $18.2 trillion. The annual, average interest rate on the debt as of July of 2015 is 2.3%, down from 2.4% in July of 2014. Here’s why that’s a problem. Low interest rates mean low carrying costs for debt. If the interest rate is 10%,
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The Tragedy of the Commons 0
- September 3, 2015
In 1832, the British political economist William Forster Lloyd observed that cattle grazing on common land tended to be scrawnier than those raised in private enclosures. The “commons,” Lloyd realized, were threatened by people’s private interests and unwillingness to maintain the grass enclosure the way they would their private property. Using Lloyd’s concern about the “tragedy of
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The Overused “Teacher Bashing” Defense 0
- September 2, 2015
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Mechanizing and Destroying 0
- September 2, 2015
Over at First Things, Peter J. Leithart writes about the rise of industrialism and the death of masculinity. He uses Philipp Blom’s books Fracture and The Vertigo Years as the core for his discussion. For 21st century man, we have grown up in a world of industrialism and ever-increasing technology. We don’t know anything different
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Benjamin Franklin on Achieving Greatness 0
- September 2, 2015
“Almost every Man has a strong natural Desire of being valued and esteemed by the rest of his Species; but I am concerned and grieved to see how few fall into the Right and only infallible Method of becoming so. That laudable Ambition is too commonly misapplyed and often ill employed. Some to make themselves
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Can You Be Certain That Climate Change Is Caused by Man?0
- September 2, 2015
Last September, while in Alaska, President Obama re-emphasized the need to counteract the effects of climate change: “Climate change is no longer some far-off problem; it is happening here, it is happening now. We’re not acting fast enough. I have come here today, as the leader of the world’s largest economy and its second-largest emitter, to
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