The New York Times’ Rose Colored Glasses On The Economy


The New York Times is carrying a front-page article today entitled “Why So Glum? Numbers Point To A Recovery.”  It is but the latest example of how The Times has turned into an propaganda instrument of the Obama administration.
Floyd Norris, the article’s author and the chief financial correspondent of The New York Times, argues that [...]

Jagdish Bhagwati: Capitalism’s Petty Detractors, World Affairs Journal


When the twin crises erupted on Wall Street and Main Street, each one of them fierce in itself but far more frightening when they interacted, populists rushed forward to celebrate the demise of capitalism and, for added gratification, plunge their pitchforks into its dead corpse. Since then, they have had their champagne parties. By now, […]