Today is Easter, an important Christian holiday. But it is not marked on the calendar that is part of the Apple software that came with my Apple computer lap top. Today is also April Fools day, and that is marked on the Apple-supplied calendar. For Apple’s programmers, April Fools Day trumps Easter. How can it be that an American company, Apple, can remember to mark on the calendar Cinco de Mayo (May 5), Mexico’s commemoration of a Mexican army victory of the French in the Battle of Puebla in 1862, but not Easter? Hanukkah on December 13, but not Easter? … Continue reading

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We have crossed the boundary that lies between Republic and Empire. If you ask when, the answer is that you cannot make a single stroke between day and night. The precise moment does not matter. There was no painted sign to say, “You now are entering Imperium.” Yet it was a very old road and the voice of history was saying: “Whether you know it or not, the act of crossing may be irreversible.” And now, not far ahead, is a sign that reads: “No U Turns.” If you say there were no frightening omens, that is true. The political … Continue reading

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JEFF DEIST: How does a kid from New Jersey get interested in economics, much less decide to get a PhD? JOE SALERNO: Well, I didn’t really plan it. I think it all began back in fifth grade when my mother’s cousin visited from Italy, and during the course of conversation, he revealed that he was a member of the Italian Communist Party. My father, a New Deal Democrat who had voted for JFK, was also an ardent anti-communist. He got into a big argument with the cousin and then threatened to throw him out. This made me wonder what made my … Continue reading

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Nearly 4,000 years ago in the mid 18th century BC, the King of Babylon passed away, leaving the throne to his 18-year old son Hammurabi. Hammurabi was smart enough to know that his kingship would be incredibly short if he didn’t do something quickly to assert his power. So as his first order of business, Hammurabi made a bold proclamation that won him incredible support from his people: he forgave ALL citizens’ debt that was owed to the government… including high-ranking government officials. This proved to be enormously popular. Ancient Babylon had a highly advanced system of credit, and the … Continue reading

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Little did I know as I was planning, designing, and typesetting my new little book Free Trade or Protectionism? that the official release date I selected would coincide with the launch of President Trump’s trade war. I shouldn’t have been so surprised since Trump is an economic nationalist who believes that only limited “fair” trade, increased tariffs, and a lower trade deficit will make America great again. In one of the Republican primary debates, Trump proposed a 45 percent tariff on all imported goods from China “if they don’t behave.” China must have misbehaved because Trump has imposed tariffs “on … Continue reading

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Judge William Alsup has laughed off suggestions that he’s currently presiding over the “global warming” equivalent of the Scopes Monkey Trial. But like it or not this is essentially what is being played out right now in a U.S. federal court in San Francisco. The climate alarmists have finally got their day in court against those pesky free-thinking intelligent people they call “climate deniers.” Big mistake. The overconfident alarmists appear to have bitten off more than they can chew. They imagined that they’d fool the world into thinking that this was a case about ordinary, wronged citizens – specifically the … Continue reading

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No Easter For Google Google has refused to recognize Easter by failing to devote a “doodle” to the Christian holiday despite commemorating numerous other obscure events and people, causing leading actor James Woods to remark, “they loathe Christians”. According to Wikipedia, “A Google Doodle is a special, temporary alteration of the logo on Google’s homepages…

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‘Marijuana liberalization may serve as a component of a comprehensive package to tackle the opioid epidemic.’