Llewellyn H. Rockwell Jr.'s Blog, page 2192

College Destruction of Black Students

Amy Wax, a University of Pennsylvania law professor, has come under attack and scathing criticism because she dared criticize the school’s racial preferences program. In an interview with Brown University economist Glenn Loury, discussing affirmative action, Wax mentioned how racial preferences hinder the ability of blacks to succeed academically by admitting them into schools at which they are in over their heads academically. At Penn’s seventh-ranked law school, Wax said, she doesn’t think...

To the Future!

SCHLOSS WOLFSEGG—I was watching two very old men slowly approaching the open doors of the Pilatus airplane I was leaning up against when it dawned on me that they were the pilots who were about to fly me to my daughter’s wedding. The one called Willy extended his hand; so did Alex, a short little guy who looked in his 90s. “Ah, Herr tennis man,” he said, and then mentioned a match I had won more than fifty years ago when on the tennis circuit, “wie geht es?” Willy then told me that Alex had r...

Keynesian Economics Is an Artifact

Printing / borrowing money to generate the unsustainable illusion of “growth” sets up the collapse of the entire Keynesian edifice.

Of the many delusions of modern economics, perhaps the greatest is that the dominant Keynesian model reflects permanent dynamics of advanced economies. Economics, along with other social sciences, makes an implicit claim that its econometric claims are the equal of the “hard sciences” of physics and chemistry.

In other words, the econometrics of Keynesian economi...

Another Volcano Erupts

We now have another volcano erupting in the Pacific. The second one happened in Indonesia. Mount Agung on the Indonesian island began to erupt on Thursday forcing evacuations. More than 400 flights had to be cancelled because planes cannot fly through volcanic eruptions. I have been warning that simply correlating all the data illustrates that when the energy output of the sun declines moving into solar minimum, this is when we historically see a sharp rise in volcanic eruptions. The exact ca...

Officials Attempt To Sabotage

Several Congress people and some officials in the CIA and Trump administration try to throw a spanner into the negotiations with North Korea. They “leak” to NBC News about an intelligence assessment on North Korea’s nuclear facilities. The result is a sensationalized piece that includes no surprising facts.

North Korea has increased nuclear production at secret sites, say U.S. officials
“Work is ongoing to deceive us on the number of facilities, the number of weapons, the number of missiles,”...

A Vehicle Stolen Every 41 Seconds in the US

This July, the National Highway Traffic Safety Administration is shining the spotlight on auto theft during National Vehicle Theft Prevention Month.

National Vehicle Theft Prevention Month

The NHTSA reports that in 2016, more than three-quarters of a million vehicles were stolen in the United States—and nearly half of those thefts were due to driver error. Vehicle theft is a multi-billion-dollar crime, with the cost of stolen vehicles coming in at almost $6 billion in 2016 alone—up from $5 bi...

CNN Ex-Producer Slams Network

Fox News’ Tucker Carlson addressed on his program the problems with CNN’s “dual reality” in which he notes that the president of the news organization claimed that the way to success was nothing but “hard news, hard news, and hard news.” This piece was ironically called, “How Jeff Zucker made CNN great again.” Given the antics and the reputation that the cable network has earned for itself since this piece was written (August of 2016), it is at least ironic, if not amazing, to consider this.

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Police State in Slo-Mo

For many years, I’ve forecasted that the US will evolve into a police state; that it will begin slowly; then as more and more freedoms are removed, the creation of the police state will accelerate.

We’re now seeing that acceleration, as more and more Americans are detained, questioned, and having their property confiscated than ever before.

As an example, in 2016, some 20,000 travellers in and out of the US were stopped, often at random. Typically, their baggage was searched, their documents...

A Turn for the Worse

The Democratic Party has steered itself into an exquisitely neurotic predicament at a peculiar moment of history. Senator Bernie Sanders set the tone for the shift to full-throated socialism, and the primary election win of 28-year-old Alexandria Ocasio-Cortez in a New York congressional district seems to have ratified it. She promised voters free college tuition, single-payer health care, and free housing. Ah, to live in such a utopia!

One can actually understand why New Yorkers especially w...

Our Deadly World

Although my main academic focus was theoretical physics, I always had a very strong interest in history as well, especially that of the Classical Era. Trying to extract the true pattern of events from a collection of source material that was often fragmentary, unreliable, and contradictory was a challenging intellectual exercise, testing my analytical ability. I believe I even contributed meaningfully to the field, including a short 1985 article in The Journal of Hellenic Studies that sifted...