Hunter Lewis

About Hunter Lewis

Hunter Lewis is co-founder of AgainstCronyCapitalism.org. He is co-founder and former CEO of global investment firm Cambridge Associates, LLC and author of 9 books on moral philosophy, psychology, and economics, including the widely acclaimed Are the Rich Necessary? (“Highly provocative and highly pleasurable.”—New York Times) He has contributed to the New York Times, the Times of London, the Washing­ton Post, and the Atlantic Monthly, as well as numerous websites such as Breitbart.com, Forbes.com, Fox.com, RealClearMarkets.com, and Townhall.com. His most recent books are Crony Capitalism in America: 2008–2012, Free Prices Now! Fixing the Economy by Abolishing the Fed, and Where Keynes Went Wrong: And Why Governments Keep Creating Inflation, Bubbles, and Busts. He has served on boards and committees of fifteen leading not-for-profit organizations, including environmental, teaching, research, and cultural and global development organizations, as well as the World Bank.

Larry Summers Blasts Trump Carrier Deal

Excellent article! But look who wrote it!

In his Washington Post article, Summers argues for capitalism operating under a rule of law that applies to everyone, not a capitalism that is based on “deals” with government. We agree. The only problem is that coming from Summers it is the height of hypocrisy.

Summers favors policies that put government more and more in control of the economy, which is a sure recipe for crony capitalism.

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Mainstream Media Goes Full McCarthyite

It’s not just dishonest; it’s childish.

Senator Joe McCarthy perfected the technique in the United States: whenever you disagree with anybody, don’t debate ideas, go right into name calling. In McCarthy’s day, the epithet of choice was  “Communist.”  In recent years, it has morphed into some variant on bigot: “racist, sexist, homophobe, latinophobe, Islamophobe,

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Has Herbert Hoover Been Treated Unfairly?

Good question. And one that bears directly on the kind of employment depression we are continuing to experience today.

The article below, a review of a new book by Charles Rappleye, is titled “In Defense of Herbert Hoover.” The reviewer, David Bahr, is right that historians have mostly made a muddle of the start of the Great Depression and the Hoover presidency. But he is wrong that Hoover deserves rehabilitation.

The standard story,

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Police: What Obama and Hillary and Bernie Will Never Tell You

Police reform means reforming police unions and their contracts. There. I have just mentioned the unmentionable.

Public unions of all kinds are the biggest funders of the Democratic Party. Democratic politicians, but also many Republicans, are afraid to take them on. But if we really want to make policing better, open discussion about unions and union rules is essential.

Here is what President Obama told the press on July 10 during his meeting with Prime Minister Rajoy of Spain:

“Just as my hope would be that everybody involved in the Black Lives Matter movement,

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Worried About Prostate Cancer? ( How to thread your way through the swamp of crony medicine to find solutions for this common cancer.)

My own recent experience with prostate cancer may be useful to you in sorting out the options. I am an investment, not a medical, professional. But for that very reason, I have no biases, no axe to grind, and above all, no income that would be put at risk from progress in medicine.

We live in a world of government enforced medical monopolies. The general rule is that doctors will recommend whatever they do,

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Rubio’s Failure: How Our Broken Economy Fuels Voter Rage

Rubio post-mortems miss the point. In the end, it is just more fall-out from crony capitalism.

None of the post-mortems of Rubio’s campaign I have seen mention the real reason why the young senator, so articulate, so successful, recently touted as the future of his party, never got launch speed in his campaign for the presidency. It is actually Senator Charles Schumer’s (D-NY) handiwork, aided and abetted by Rubio’s misjudgment.

Shortly after the 2012 election, the GOP was worrying about Romney’s poor showing among Hispanics.

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Republican Debate: What Makes a Candidate Strong?

And how does this relate to crony capitalism?

Commentators have called the last Republican debate “thermonuclear” and similar adjectives, but not ill-mannered, which it was. Is this because good manners no longer matter? Or do good manners actually count against you?

Is this the message we are now sending our young: that manners mark you as weak, and bad manners mark you as strong,

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Does Senator Cruz Want to Tax Small Business?

Does he realize what this would do to jobs?

Most of Senator Cruz’s policy proposals are admirably clear. This is in sharp contrast to the evasions of other people running for president, most notably Donald Trump, whose health policy proposals in particular are incoherent, and may in fact most closely resemble Bernie Sanders’s.

On one rather crucial point,

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