Chicago Daily Observer

SPRINGFIELD, IL—He may be the father of modern economics, or perhaps the father of social science but to call Adam Smith the father of capitalism – as one close colleague puts it – is like calling Sir Isaac Newton the father of gravity. Newton didn’t invent gravity; he just figured it out. Ditto for Smith.

I say this in reference to the adoption of Adam Smith by the American left in recent years in an attempt to suggest that Adam Smith would be a proponent of their policies. The reference alone of Adam Smith being the father or inventor of capitalism gives away the lie.

Capitalism was a term coined by Karl Marx to demean liberty and free markets. By labeling free markets as an ideology – rather than an empirical observation (the methodology of the Anglo-Scottish Enlightenment) into what was occurring in Smith’s world – it was hoped ... Read More...

The case of Paul Jacob, the petitioner from the Chicago based Sam Adams Alliance, is the lead editorial in the Wall Street Journal today.

You may also read our archives on Paul Jacob by clicking on the Tag below.

Where does this defeatism come from? Everywhere you turn there are talking heads and even some Republicans conceding the next Presidency to the Democrats. I see it on TV in the papers and in blogs, and it’s getting me sick! Do I have to remind you all that.it was just 3 years ago that W was reelected and the word realignment was being thrown around to explain the Republican victories? Bush 43 went against history in two of the three elections His first midterm was historic, taking the majority back in the Senate which had been lost because of a defector—and the second getting reelected and keeping his majority in both houses.

Remember the red and blue maps? How can anyone think the country is so shallow that it can turn its politics around in one midterm election cycle? What happened in 2006 ranked average with last off-year elections in ... Read More...