By Robert Higgs You need a strong stomach to endure the messages disseminated by the mainstream news media, especially by its premier outlets, such as the New York Times. Of course, at this late date, nobody expects anything like political non-partisanship or sound economic analysis from the Times, yet one continues to hope that the writers will not flaunt their leftish sensibilities in an utterly buffoonish manner. If you happened upon a September 28 article “Europe’s Socialists Suffering Even in Downturn,” by Steven Erlanger, your hopes in this regard must have been violently shattered. Much might be said about the article’s main content, but I won’t get into that material here. What struck me comes right at the beginning in an explicit statement of the writer’s assumptions. The article begins well enough — splendidly, in fact — as its first sentence tells us, “A specter is haunting Europe — the specter of Socialism’s slow collapse.” The next sentence, however, begins with the...