Commentary Adam Smith’s “invisible hand” is certainly the most wondrous, astounding, and marvelous concept in all of economics, and there are quite a few doozies in the dismal science. I go further than that. The invisible hand ranks as high or higher, in terms of pure beauty, than even the smile of a baby, the…
Meet the ‘Adam Smith of Ancient China’
Commentary The book of Ecclesiastes tells us that “there is nothing new under the sun.” The quote reminds us that few things we think of as new are actually new, and economic philosophy is no exception. While Karl Marx is considered the father of communism, his ideas were not as original as many think. His…
House Armed Services Chairman: ‘Stop Throwing Money’ at F-35 Fighters
The chairman of the House Armed Services Committee believes no more money should be spent on F-35 fighters. “We have wasted a spectacular amount of money on weapon systems that either haven’t worked at all, or who have not lived up to their promise. Our acquisition and procurement process over the last 20 years can…
House Armed Services Chairman: ‘Stop Throwing Money’ at F-35 Fighter Jet
The chairman of the House Armed Services Committee believes no more money should be spent on F-35 fighter jets. “We have wasted a spectacular amount of money on weapon systems that either haven’t worked at all, or who have not lived up to their promise. Our acquisition and procurement process over the last 20 years…
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