Final Call News
Reflections On The Significance of Minister Farrakhan’s 88th Birth Anniversary
“Blessed is He who sent down the Criterion upon His Servant that he may be to the worlds a warner”
-Holy Qur’an Chapter 25 (al-Furqan) Verse 1
On May 11, 1526, the Spanish monarchy issued forth a formal decree forbidding the importing of Muslims into the Western Hemisphere. According to esteemed scholar Sylvianne Diouf:
“After the first slave uprising in the New World, led by the Wolof in 1522, a royal decree of May 11, 1526, specifically forbade the introduction of ‘Gelofes’ (Wolof), Negros (Blacks) from the Levant (or Middle East), those who had been raised with the Moors, and people from Guinea without a special license from the Casa de Contratación, which regulated the slave trade and put levies on the slaves.
I Quit the GOP and Moved Left. Will Liz Cheney Do the Same?
The Republican congresswoman is being portrayed as a traitor to her party. I know exactly how that feels.
Jonthan Ernst/Getty Images
I’ve been thinking a lot about Liz Cheney. Her courage in standing up to Donald Trump and the increasingly authoritarian Republican Party shouldn’t make her exceptional ideally, she would have a considerable amount of company but it does. Having broken with the Republican Party myself, I know that the initial break eventually led me to an almost complete cutoff with the right side of the political spectrum and a somewhat reluctant embrace of the left. I will be curious to see if Ms. Cheney follows the same path.
It Took the Democrats Half a Century to Rediscover Trickle-Up Economics
While Republicans cling to trickle-down delusions, Biden is reviving a philosophy of growth that the party hasn’t embraced since LBJ.
Alex Wong/Getty Images
When Republicans began reformulating their tax philosophy in the late 1970s, they looked to their party’s policies in the 1920s for inspiration. I remember Jude Wanniski, the late conservative journalist, telling me that he knew nothing about Republican tax cuts in the 1920s until he read about them in Herb Stein’s 1969 book,
The Fiscal Revolution in America
. Today, Democrats may also find inspiration in economic debates of the 1920s this one about whether underconsumption has slowed the rate of economic growth.
ANALYSIS/OPINION:
The principled are often ridiculed as not being pragmatic, when in fact most often, over the long run, sticking with solid principles is highly pragmatic.
Those who represent large numbers of people or organizations with conflicting goals or self-interest quickly find they cannot make everyone happy whether they are an elected official or an officer of a professional or business or some other organization.
Kim Strassel of The Wall Street Journal wrote a most insightful piece published the past Friday about how the U.S. Chamber of Commerce (the world’s largest business federation) made a most costly blunder by wanting to appear bipartisan, rather than sticking to a principled defense of free enterprise and limited government. Ms. Strassel argues that the Chamber’s endorsement of 23 Democrats (15 of whom won) may have enabled the Democrats to control the House, where they only have a six-vote majority.
Paul De Grauwe
The opening sentence of Robert Mundell’s 1963 paper “Capital mobility and stabilization policy under fixed and flexible exchange rates” one of the two most influential in a series of pathbreaking papers he published in the late 1950s and early 1960s is curious: “The world is still a closed economy, but its regions and countries are becoming increasingly open.”
“Still”? Was Mundell thinking of a future with interplanetary trade, so that eventually the world as a whole
wouldn’t be a closed economy? OK, he probably wasn’t, but if he was, it would have been in character. Mundell, who passed away on 4 April, was an economist ahead of his time.