Beware The Neo-Primes
Throughout the Cold War and after, Washington repeatedly promised that procurement reform would finally solve the Pentagon’s endemic inefficiency
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Throughout the Cold War and after, Washington repeatedly promised that procurement reform would finally solve the Pentagon’s endemic inefficiency
Former press secretary goes into his new book on President Donald Trump’s historic first year back in the White House
Israel and its friends in Washington are moving to complete integration of many aspects of how our military operates at various levels with Israeli counterparts
Modern central banks often justify monetary policy decisions by targeting inflation indexes that no longer reflect the real cost of living experienced by individuals.
One problem with this defense of the economy is that government statistics are manipulated to understate the true rates of inflation and unemployment.
One series of comments Warsh made while testifying to Congress back in April as a nominee has been getting more attention in recent weeks, following some high inflation reports
Thinkers such as Ludwig von Mises questioned this way of assessing the state of the economy
For two years, we blamed artificial intelligence for shutting young graduates out of work. The real culprit is remote work, which has made companies wary of hiring people they cannot train in person.
This isn’t a story about weakness. It’s a story about what happens when every institution that once made hardship survivable is now removed at the same time, and the market for chemical sedation expands to fill the void.
Ludwig von Mises recognized the full significance of this distinction and built it into the architecture of praxeology, permanently separating the Austrian School from its neoclassical rivals and from the illusion that human behavior can be captured in a mathematical model.
The review first appeared in National Review and is reprinted in Kendall’s book The Conservative Affirmation (1963) from which I quote.
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