Objectivism, the Journal, and the Future: An Interview with Craig Biddle
by Mark Da Cunha

Who is Craig Biddle?
Craig Biddle: I’m a guy who is fortunate to have discovered “Who is John Galt?” I’m a writer and editor specializing in books and [...]

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THE FED

Fed’s mixed blessing
Has Bernanke’s success in calming markets clouded investors’ view of the long road ahead?
NEW YORK (Fortune) — For a guy who supposedly has lost his credibility, Fed chief Ben Bernanke has been surprisingly effective in soothing stressed-out financial markets – maybe a little too effective.
Since the credit crisis began unfolding last summer, [...]

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Middle Class Jitters
By Robert Samuelson
WASHINGTON — We middle-class Americans are in a funk. “The overarching economic narrative of the 2008 campaign is the idea that life for the middle class has grown more difficult,” writes Paul Taylor of the Pew Research Center, which recently published a massive report on middle-class [...]

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McCain Won’t Play by Obama’s Rules
By Robert Novak
WASHINGTON, D.C. — When one of the Democratic Party’s most astute strategists this week criticized John McCain for attacking Barack Obama’s desire to engage Iran’s President Mahmoud Ahmadinejad, I asked what the Republican presidential candidate ought to talk about in this campaign. “Health care [...]

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Change You Can’t Believe In
President Bush vetoed the $300 billion farm bill yesterday, and a bipartisan throng in the House promptly voted to override. The Senate is expected to follow shortly. Every one of these Congressional worthies purports to be an advocate of “change.”
Yet you couldn’t write a piece of legislation that more thoroughly represents [...]

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CHINA

China and the Development Myth
by D.W. MacKenzie

Advocates of government planning often cite China as an example of economic success. China supposedly achieved success by adopting a mixed [...]

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The Fed and the Mortgage ‘Crisis’
By WILLIAM M. ISAAC
The meltdown in the subprime mortgage market has caused a great deal of turmoil in the financial markets and hardship for individual homeowners and financial institutions. It prompted the Federal Reserve to take unprecedented actions to support the markets, one of which raises very difficult public policy [...]

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Hillary’s Concession Speech
For those who can’t handle the suspense, we fast-forward the campaign to June 2, in Sioux Falls, South Dakota. A wire-service reporter, who has covered the Clinton campaign for 17 months, files this story:
Sen. Hillary Clinton of New York has decided to end her historic quest for the Democratic presidential nomination. The decision [...]

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Huelga! Argentine Farmers Back on Strike

Call it populism that isn’t particularly, well, po-pu-lar. While India has decided to shut down futures trading of in-demand agricultural commodities to show the public it is “doing something” about the high prices of food at home, the Peronist government of Argentinian President Cristina Fernandez de Kirchner has [...]

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The Long and Winding Road to Asian Monetary Union
With European Monetary Union celebrating its ten year anniversary with well-deserved fanfare [1, 2], Asian countries on the outside looking in have looked at the European example with envy. It is true that the political economies of Asia are far more diverse than those of [...]

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