Economic primacy might be measured along many fronts –
income per capita, rate of growth, productivity, foreign exchange reserves, among
others – but if one looks at Gross Domestic Product (GDP), perhaps the coarsest
measure of a nation’s economic well-being, then the United States has lost its economic primacy to China.

America’s economic primacy is pretty much behind us. Read More…

Editor’s note: The current demagoguery in the hands of globalists takes the ugly form that a citizen who believes in national borders and national priorities cannot be a good citizen – that he is a fascist some claim. We need to be reminded that the American revolution was a nationalist uprising which few would call fascist. Read More…

Economists agree that the first principle of economics is scarcity. And, in free market economies customers are the scarcest resource: precious commodities, expensive to acquire, and in hot demand by the competition. These same precious commodities, however, are all too easily squandered through poor service practices. Read More…

A couple of summers ago my wife and I had occasion to spend a week in Istanbul, Turkey. The city is clean, bustling, and thriving. Construction cranes can be seen on the horizon in every direction.  And, of all of the places we have traveled to in the last forty years we can’t remember a more pleasant experience. Read More…

Editor’s note: Nobel Prize winning economist Paul Samuelson has been hugely influential in promoting his views from the day he published his economics textbook in 1948. He also penned a regular column in Newsweek magazine for fifteen years during the 1960’s.  Little wonder then, that Samuelson has been referred to by one economic historian as the “Father of Modern Economics. Read More…