Principles

panoramic-view-of-reykjavik-at-wintertime-iceland-stockpack-124103286-stockpack-adobestock
panoramic view of reykjavik at wintertime, iceland
Image Credit: Marc Jedamus - Adobe Stock

Iceland: More Entrepreneurs or More Bureaucrats?

For Iceland to thrive, it must continue to unleash its creative energy—to innovate, to speak, and to let knowledge flow as freely as its geothermal springs. Iceland is proof that wealth is not in the ground but in the mind. When faced with the scarcity of matter, Icelanders discovered the infinite power of knowledge. Read More ›
american-flag-wtih-american-constitution-stockpack-adobe-sto-219417522-stockpack-adobestock
american flag wtih american constitution
Image Credit: BillionPhotos.com - Adobe Stock

Constitution Day: If Its Light Goes Out, Darkness and Oppression Are Sure to Follow

We have all had moments where we realized that if we had only known more or had critical information, we would have avoided making a serious mistake. Today there are a considerable number of elites in high places in America who embrace a vision for reordering America wherein our constitutional republican government would be supplanted by a new system to accommodate a new global order. It may be a shorter step than what most would think, for in the last 115 years America has seen its governance evolve from a constitutional republic into an unaccountable administrative state with little resistance. The critical lesson of history that every freedom-loving person needs to grasp is this: The entire world lived in political Read More ›

a-construction-worker-sits-on-a-beam-overlooking-nyc-this-ph-895599225-stockpack-adobestock
A construction worker sits on a beam overlooking NYC. This photo is ideal for illustrating concepts of urban development, construction, and risk.
Image Credit: SY - Adobe Stock

Labor Day is Really All About American Exceptionalism

Other than punctuating the end of summer, Labor Day has for many lacked meaning associated with other holidays. Properly understood, it is the holiday that celebrates not only labor, but the job creators and entrepreneurs central to the flourishing of the United States and its people. Read More ›
happy-columbus-day-concept-vintage-american-flag-with-compas-378111108-stockpack-adobe_stock
Happy Columbus Day concept. Vintage American flag with compass and retro treasure manuscript. Flat lay, top view with copy space.
Image Credit: Siam - Adobe Stock

Why Columbus Day Remains a Foundational American Holiday

Seen within the big picture, Columbus Day is worth keeping and honoring as a great American holiday because it remains foundational to the establishment of a new nation by people who largely shared his qualities of character: self-made, adventurous, and reverent toward God. Read More ›
time-and-money-adobe-stock
Licensed via Adobe Stock

Money Is Time and Time Flies

On April 21, 1787, the Congress of the Confederation of the United States authorized a design for an official copper penny, later referred to as the Fugio cent because of its image of the Sun and its light shining down on a sundial with the caption, Fugio. Fugio is Latin for “I flee/fly”, referring to time flying by. Read More ›
zimbabwe-flag-against-orange-sunset-adobe-stock
Zimbabwe flag against orange sunset
Licensed via Adobe Stock

Zimbabwe’s Central Bank Starts Africa’s Path to a Gold Standard

This month, the Central Bank of Zimbabwe launched a new gold-based currency, the first gold-based currency from a government since Richard Nixon effectively ended the world gold standard system in 1971. As long as the Central Bank of Zimbabwe adheres to some important principles, and doesn't play politics, it should be fine. Read More ›
close-up-franklins-face-on-a-one-hundred-dollar-american-us-dollars-cash-money-background-stockpack-adobe-stock
Close up Franklin's face  on a one hundred dollar. American, US Dollars Cash Money background.
Close up Franklin's face on a one hundred dollar. American, US Dollars Cash Money background.

Reserve Currency?  We Don’t Need No Stinkin’ Reserve Currency

A hot question among economic pundits of late is, “What will replace the US dollar (USD) as the world’s reserve currency?” Perhaps a better question is, “Does there need to be an actual replacement?” Currently, the USD plays several major roles: There would appear to be no current alternative that completely contains every one of these attributes.  But recently, there has been a plethora of bi-lateral and multi-lateral trade agreements, particularly among the BRICS nations (Brazil, Russia, India, China, South Africa), which provide the ability to settle trade transactions in local currency or other acceptable payment mechanisms, thus satisfying the USD role number one cited above.  Simply put, if a country can settle much of its trade liabilities without requiring the Read More ›

supply-and-demand-graph-concept-with-chalk-and-blackboard-stockpack-adobe-stock
Supply and demand graph concept with chalk and blackboard
Supply and demand graph concept with chalk and blackboard

How Learning Inverts the Supply Curve

In economics the law of supply decrees that as price increases, the quantity supplied also increases. In other words, the classical supply curve is upward sloping. This is true in a world with no learning. But every time an additional unit is produced and acquired by a consumer, producers get better at making it and consumers get better at using it. Both parties are learning and growing the knowledge base. Read More ›
trump-constitution-day-declaration
President Donald J. Trump signs the Constitution Day, Citizenship Day, and Constitution Week 2020 Proclamation Thursday, Sept. 17, 2020, during the White House Conference on American History at the National Archives and Records Administration in Washington, D.C
Official White House Photo by Joyce N. Boghosian

The Truth About Critical Race Theory

Moderator Chris Wallace asked President Trump during last week’s debate why he “directed federal agencies to end racial-sensitivity training that addresses white privilege or critical race theory.” Mr. Trump answered: “I ended it because it’s racist.” Participants “were asked to do things that were absolutely insane,” he explained. “They were teaching people to hate our country.”

“Nobody’s doing that,” Joe Biden replied. He’s wrong.

My reporting on critical race theory in the federal government was the impetus for the president’s executive order, so I can say with confidence that these training sessions had nothing to do with developing “racial sensitivity.” As I document in detailed reports for City Journal and the New York Post, critical race theory training sessions in public agencies have pushed a deeply ideological agenda that includes reducing people to a racial essence, segregating them, and judging them by their group identity rather than individual character, behavior and merit.

The examples are instructive. At a series of events at the Treasury Department and federal financial agencies, diversity trainer Howard Ross taught employees that America was “built on the backs of people who were enslaved” and that all white Americans are complicit in a system of white supremacy “by automatic response to the ways we’re taught.”

In accompanying documents, Mr. Ross argues that whites share an inborn oppressive streak. “Whiteness,” employees are told, “includes white privilege and white supremacy.” Consequently, whites “struggle to own their racism.” He instructs managers to conduct “listening sessions” in which black employees can speak about their experience and be “seen in their pain,” while white employees are instructed to “sit in the discomfort” and not “fill the silence with your own thoughts and feelings.” Members of “the group you’re allying with,” Mr. Ross says, are not “obligated to like you, thank you, feel sorry for you, or forgive you.” For training like this, Mr. Ross and his firm have been paid $5 million over 15 years, according to federal disclosures.

Read More ›