Friedrich Hayek

Republicans in Congress appear to be at an impasse in their efforts to reform health care programs.

The prevailing political discourse seems to be consumed with the bromides of social justice, carefully tended by political and intellectual classes claiming special knowledge of its demands.

Scotland would seem a strange place for the emergence of center of intellectual development that would influence the stream of ideas throughout the world. Scotland had been unified with England near the beginning of the eighteenth century. It was considered a “backwater” of European civilization.

Last week, Federal Reserve Board Chairman Janet Yellen was awarded the Radcliffe Medal at Harvard’s Radcliffe Institute for Advanced Study. At a lunch in Yellen’s honor, Lizabeth Cohen, dean of the institute, praised the Fed chair’s “steadfast commitment to robust growth” and the way the she “steers our economy,” guided by the philosophy of her Yale mentor, Keynesian economist James Tobin.

THe Declaration of Independence declares war on slavery and tyranny and proclaims a moral foundation for the assertion of freedom and limited government.