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“Economics and environmentalism are types of modern religions.” So says Robert H. Nelson in his analysis of the roots of economics and environmentalism and their mutually antagonistic relations in the twentieth and twenty-first centuries. The present debate raging over global warming exemplifies the clash of these two public theologies.
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With the hearings on the nomination of Elena Kagan to the U.S. Supreme Court, Research Fellow William J. Watkins, Jr., was interviewed on NPR’s Talk of the Nation to discuss how to revise the nomination and selection process of Supreme Court Justices, based on his recent article in the Washington Examiner, “A role for the people in judicial selection.”
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Robert Higgs is interviewed here by Scott Horton of Antiwar Radio. They discuss the economic baloney of mainstream economists, the failure of most to understand the potential for mass inflation given the money supply currently sitting around in bank reserves, the reality of the business cycle and the politicians’ and media’s failure to grasp it, and why none of us should make sweeping predictions about how the future will unfold, even if we do understand economics, since human action and the flexibility of markets are impossible to quantify.
Originally aired on 2/1/10 on Russia Today. Senior Fellow Ivan Eland comments on former U.S. Treasury Secretary Henry Paulson's allegation that Russia attempted to undermine the American economy shortly before the global recession.
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Civil strife in Iraq continues and instability may only increase after the January elections. U.S. withdrawal has become an acceptable strategy in Washington, but will it be tenable if violence escalates and Iraq unravels again?
