Free markets are under more dangerous attack, whether legislatively or intellectually, than they have been for decades. With every sign that this attack is going to intensify in the years to come and few signs of an effective pushback, National Review is pleased to announce the formation of Capital Matters, a new section on NATIONALREVIEW.COM, which will feature articles on business, finance, and economics. In the same spirit
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NationalReview.com Launches New Section to Cover Business, Finance, and Economics from a National Review sensibility
National Review Institute launches collaborative initiative to amplify the message of those who defend economic liberty
NEW YORK, NEW YORK July 29, 2020 — Yesterday, National Review (NR) and National Review Institute (NRI) launched a new initiative: Capital Matters (NRCM), including a new section on NATIONALREVIEW.COM featuring daily commentary and analysis on business, finance, and economics with a distinctly NR sensibility, and complementary NRI-sponsored events, webinars, forums, and conference calls.
“National Review has been engaged in the fight for free markets for decades, but given the renewed intensity of the assault against them, we are calling in reinforcements in the form of Capital Matters, which will be energetic, vigilant, and fearless,” said Rich Lowry, National Review Editor in Chief.
Through charts, infographics, and timely commentary from well-known financiers, economists, entrepreneurs, business people, and other specialists, the objective of this initiative is to change the terms of debate over our country’s economic future for the better.
“Despite the uncertain economic times, we are keeping our strategic growth goals for this project because of its relevance and importance. In the same spirit that led William F. Buckley Jr. to found National Review, National Review Institute is proud to collaborate on this new project to explain, defend, and celebrate capitalism. With so much misinformation and misunderstanding of capitalism, National Review Capital Matters will serve to elevate the voices and amplify the message of those who defend economic liberty.” Lindsay Craig, President of National Review Institute.
“In the past 30 years, more people have been lifted out of extreme poverty than in all prior human history,” said Peter J. Travers, NRI Board of Trustees Chairman. “This accomplishment is the direct consequence of capitalist policies that support personal capital formation, international trade, and market allocation of capital. These reforms, under perennial assault—now even by some ‘conservatives’—will be elucidated and celebrated by National Review Capital Matters.”
At the helm of this initiative is NRI’s newest fellow and National Review Capital Matters Editor, Andrew Stuttaford, who had a long career in finance and has also been writing for National Review for decades, and Kevin Hassett, former chairman of the Council of Economic Advisors, who will serve as NRCM senior advisor.
“The battle of ideas is not won by default,” Stuttaford said. “At a time when free markets are under attack not only by the left, but by some on the right, there are too few spaces remaining for those who dissent. The National Review Capital Matters initiative intends to push back against the creation of an intellectual, corporate, and political regime where free markets are either the enemy or an afterthought, by becoming a platform for writers, economists, business people and others to explore, explain, and make the case for an idea of individual enterprise that is, in turn, inextricably linked to the principle of individual freedom.”
This new section comes on the heels of a wide range of enhancements at National Review, from adding a newsroom and podcasts to new all-digital content on NRPlus, said National Review Publisher Garrett Bewkes.
“Since early 2017, our team has been working tirelessly to expand the defense of our nation’s principles through increasing our digital footprint and delivering our audiences the highest quality news and conservative political opinion journalism steeped in facts, not just what’s popular,” Bewkes said. “Now, sensing that we are very much repeating US 1950’s & 1960’s history, the launch of Capital Matters in this moment serves as the next great addition to our quickly growing subject coverage and increased daily content production, while providing a timely and much needed response to the campaigns of disinformation and revisionist history coming from our mass media regarding socialism. Capital Matters allows us to continue to expand our reach by tens, if not hundreds, of thousands of new monthly readers as we broaden our offering to the wider tent of conservatism in areas of fiscal policy.”
NRI is a nonprofit, 501(c)(3), journalistic think tank, established to advance the conservative principles William F. Buckley Jr. championed and complement the mission of National Review magazine, including by supporting and promoting NR’s top talent. NRI was founded by Bill Buckley in 1991, 36 years after launching National Review. In 2015, National Review, Inc. became a wholly owned subsidiary of the Institute.
ARTICLES FROM NATIONAL REVIEW CAPITAL MATTERS
‘Stakeholder Capitalism’: Roundtable for One
The Business Roundtable's ‘Statement on the Purpose of a Corporation’ basically rejected the quaint idea that a company’s primary duty was to its owners (the shareholders) and replaced it with a commitment to ‘stakeholder capitalism.'
Fiddling with the Fed
Narayana Kocherlakota argues that Fed policy would have been better for everyone over the last few decades, and especially the last decade, if it had put weight on reducing the unemployment rate among blacks.
Does Reopening Change Behavior More Than Locking Down Does?
Lockdowns had little impact right when they went into effect, the data suggests they did have an impact later.
The Capital Note: Kodak’s Slide & Adam Smith’s Kidnapping
Higher home ownership rates, unpacking Kodak's mismanagement of government funds, and the (likely apocryphal) kidnapping of Adam Smith.
What’s an ‘American’ Car?
In what sense should a Jeep Compass manufactured in Mexico be thought of as American while a Mercedes GLE made in Alabama is not?
Regulatory Overreach Ahead?
In moments of peak distress, we will see what we saw in March again, no matter what any regulator says or does.
COVID-Relief Talks March On, Slowly
Yikes. I wasn't expecting things to drag on this long with key aid provisions expired.
The Capital Letter: Week of August 3
Efforts to protect companies from abusive coronavirus litigation, Susan Berfield’s new book, the next stimulus package, wage inequality, and more.
More Trump Tariffs
The tariffs will harm American companies that use aluminum.
Five Questions for Peter Navarro
On economics, trade, China, and more.
Is the U.S. Following the Japanese Death Spiral?
With ballooning federal deficits and slowing growth, the U.S. looks more and more like Japan.
Today’s Capital Note
Prospects for employment (not good), trouble at CalPERS, and trouble in Weimar Germany.
Stimulus: The Next Moves?
I feel confident that the $600 weekly extension of federal unemployment benefit support is coming.
A New Approach from the Fed?
If you read about the Fed announcing results of an extensive policy review soon, please note that this was a project that long pre-dates COVID.
The Capital Note: COVID’s Casualties
A darker side to today's encouraging jobs numbers, Ben Meng resigns as CalPERs CIO, and more.
Ron Swanson Is Smiling
With confidence in government low, goldbugs are enjoying their day in the sun.
The Swedish Exception (?) — and New York City
Sweden's recent economic numbers and a lesson for NYC.
Go read the latest Capital Note on Capital Matters!
The Progress of a Bad Idea
It is easier to see how this new mandate would either have no effect on monetary policy or make it worse than how it would improve it.
The Capital Note: Increasing Returns & Twitter Risk
Increasing Returns, the Swedish Experiment, the Twitter Risk Factor, and more.
Read more on NRCM here.