Once upon a time, John Stuart Mill could write these words truthfully (“Of the Influence of Consumption on Production,” 1844):
It is no longer supposed that you benefit the producer by taking his money, provided you give it to him again in exchange for his goods.
He was talking, of course, about government tax-transfer programs intended to stimulate employment by subsidizing consumption. We cannot say this today.
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John and I continue reading and commentary of Rules for Radicals.
Joe Kent, Director of the National Counterterrorism Center, has resigned in protest over the Iran war, becoming the first senior official to break ranks. In his resignation, Kent stated bluntly that Iran posed no “imminent threat” to the United States — directly...
One of four SLBMs are operational. One of two carriers is operational. Two of seven destroyers are operational. On and on. The Argentinians need to make a deal with Iran for oil, to keep the British busy in the Maldives; then they'll finally have the islands. Luxury...
