theDrahos

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The eleven-year-old girl shrieked in horror as the shower curtain was ripped away, leaving her exposed to the view of a large male stranger. Her sense of  violation was compounded by the threat of immediate, violent death: The marauder was wearing body armor and aiming an assault rifle at the naked, terrified child. Downstairs, the offender’s comrades were ransacking the house and barking profane orders at the traumatized child’s family. Sterling Harrison, her 19-year-old brother, was sitting in front of a game console when three of the invaders burst into his upstairs room, bound him, and shoved him down the … Continue reading →

I return to a theme that apparently only I ever talk about: the economic meaning of the phrase, “international capital flows.” You may think I’m exaggerating. You may think that what I am about to write is widely understood. You would be wrong. Either I’m dead wrong about what I’m saying, or virtually the entire economics profession in the financial press is confused about this topic. You be the judge. PHYSICAL CAPITAL FLOWS Let’s talk about physical capital flow. I got this example from Arthur Robinson. He has a research institute in southern Oregon. He built this facility out of … Continue reading →

Gaius Plinius Secundus, better known in history as Pliny the Elder, was an influential administrator, officer, and author during his life.  Although he was only fifty-six years old at the time of his death, he left behind a great legacy of political respect and appreciation, as well as a reputation for being one of the strongest ancient Roman historians whose work survives to this day.  Though he was not overly appreciated during his own lifetime, the writing of this privileged military general provides much knowledge of Roman life, science, and philosophy. Born in Como, Italy into a powerful and elite … Continue reading →

The release of the encyclical Laudato Si by Pope Francis last week had the predictable result of winning the Pontiff plaudits and huzzahs in the world’s press, and another round of bewildered head-shaking among observant Catholics. Whether in his formal remarks or his off-the-cuff observations, Pope Francis repeats many of the common objections to (and caricatures of) the market economy, objections we might encounter in the writings of any of the leftist thinkers who dominate the Pope’s Jesuit order. Meanwhile, so-called progressives in the Church, not normally so deferential to authority, triumphantly proclaim that matters of economics have been definitively … Continue reading →

Paul Craig Roberts’ address to the Conference on the European/Russian Crisis, Delphi, Greece, June 20-21, 2015 The United States has pursued empire since early in its history, but it was the Soviet collapse in 1991 that enabled Washington to see the entire world as its oyster. The collapse of the Soviet Union resulted in the rise of the neoconservatives to power and influence in the US government. The neoconservatives have interpreted the Soviet collapse as History’s choice of “American democratic capitalism” as the New World Order. Chosen by History as the exceptional and indispensable country, Washington claims the right and … Continue reading →

Some of the news is good news. It’s not all shrapnel-spewing air bags, annoying buckle-up buzzers and engines that shut themselves (and the AC) off at stoplights to “save gas.” Here are some new features you’ll find in new cars that won’t make your teeth ache: * In-car WiFi – Did you know you no longer need to find a Starbucks to find WiFi when you’re on the road? Several new cars offer (or even come standard with) in-car “hot spots.” Wireless Internet – to go. Or, when you’ve stopped. GM’s system – which is standard in the new Chevy Impala … Continue reading →