Economics

Center on Wealth & Poverty

Why the New Left Is Now the Democratic Party

If Harry Truman and Jack Kennedy were somehow resurrected and transported in time to the present, they would not recognize today’s Democratic Party in comparison to the one which raised them up as successful presidents in earlier times. The two major political parties in the U.S. have always been fundamentally different. The Republican Party has been rooted in transcendent values and Read More ›

A Voting Guide For Independents And Undecideds

Independent voters need only trust their common sense and instinct on the candidates’ basic attributes of character, temperament and leadership in order to make the right choice on Tuesday. Nearly four years is enough time for voters to know the incumbent and decide whether change is warranted. The American two-party system of checks and balances works best when compromise can Read More ›

George Gilder on the Materialist Superstition

I WAS AT THE WATERGATE THE OTHER EVENING for a book party, held in the apartment of John Wohlstetter. He has a grand piano, a beautiful view over the Potomac River, and a book to sell. Actually there were two books: Wohlstetter’s Sleepwalking with the Bomb (see TAS, October 2012) and a new edition of George Gilder’s best seller Wealth Read More ›

The Israel Test

The Israel Test

In this book, George Gilder asserts that widespread antagonism toward the current state of Israel springs from, like anti-Semitism everywhere, envy of superior accomplishment. Israel’s sudden rise as a world capitalist and technological power, he argues, stems in part from the Jewish “culture of mind” and in part from Judaism itself, which, “perhaps more than any other religion, favors capitalist Read More ›

Capitalism

Discovery Institute Senior Fellow George Gilder was featured on Uncommon Knowledge with Peter Robinson. The video can be seen here.

A New Dog in the Pack

If future historians are forced to write about how the United States saw its standard of living, its freedom, and its rule of law slip away after the turn of the 21st century, they will have to devote considerable ink to the Obama Administration and its two showcase pieces of legislation. While Obamacare received more attention, the Wall Street Reform Read More ›

Moody’s Threatens To Downgrade America’s AAA Rating

Standard and Poor’s cut the United States’ AAA-rating last year, and now the second shoe is about to drop. Moody’s recently announced it would downgrade our AAA credit rating by the end of the year if President Obama can’t adopt a plan in conjunction with Congress to cut the U.S. debt-to-GDP ratio. That ratio now exceeds 100% and imposes a Read More ›

Timothy Spangler on Wealth and Poverty

This article, entitled “The New New Capitalism” and published by Los Angeles Review of Books, provides a review of Discovery Institute Senior Fellow George Gilder’s book Wealth and Poverty. George Gilder’s book, Wealth and Poverty, was originally published in 1981, in a world much different from the one we encounter today. The threat of Soviet and Chinese communism loomed large. Japan Read More ›

U.S. is Confronting a Federal Debt Crisis

A year ago, Standard & Poor’s fired a shot across America’s bow, downgrading its coveted AAA rating to a AA+. S&P’s rationale for the rating cut was specifically that Congress’s Budget Control Act “fell short of the amount … necessary to stabilize the general government debt burden by the middle of the decade.” For several weeks, media pundits and Washington Read More ›

Romney_2011_Paradise_Valley,_AZ_rally_wikimedia_commons
Photo by Gage Skidmore at Wikimedia Commons: https://commons.wikimedia.org/wiki/File:Romney_2011_Paradise_Valley,_AZ_rally.jpg

Romney, Bain, and Me

Across from the oldest cemetery in Boston under chandeliers at the Parker House, the Bain meeting brought together, as I recall, perhaps 100 men in suits. Notable in the group were Bain himself, a spruce young man with blond hair brushed straight back, and an Israeli woman, Orit Gadiesh, who within 10 years would rise to the top of the organization. But Bain seemed more eager to introduce me to one Mitt Romney. Read More ›