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Archive | January, 2004

The Government’s Accounting Shell Game

Americans shell out more than $2 trillion each year to keep our federal government running. The least we should expect in return is honesty. Alas, Washington officials aren’t telling the truth about how much they’ve spent, are currently spending or plan to spend. Consider the omnibus spending bill the Senate will consider later this month. [...]

Michael Jackson is Not Black

Sick and tired of hearing about Michael Jackson’s standing in the “black community?” First, the black individuals in America are not a homogenous group of automatons, and second, it used to be racist to refer to a whole group of people based on nothing other that superficial skin pigmentation. Plus there is one other problem, [...]

Expensing Options Revisited

Paul Atkins this month became the first SEC commissioner to criticize openly a proposal to require companies to treat employee stock options as current expenses. Atkins began by questioning whether the Financial Accounting Standards Board, which has aggressively pushed the change, is truly seeking to address a serious accounting problem. “Is there a significant investor [...]

When Did The Howard Dean Meltdown Really Begin?

Supporters of former Vermont Governor Howard Dean, aka “Deanie-boppers,” accuse the media of piling on by repeatedly playing his now infamous Iowa caucus “concession speech,” punctuated by his banshee-like “Yeeeaaaaaarggh!” Dean’s admittedly un-presidential behavior gave his opponents, say the Deanie-boppers, a cheap excuse to pound him, causing his sudden drop in the polls and his [...]

Phony Democratic Debates

The so-called “debates” among the Democratic candidates in the primaries are not really debates — and that is a real shame. In a real debate, opponents could question each other’s statements — and there have been a lot of questionable statements made already in this young political season. Senator John Edwards, for example, has included [...]

Sweatshop Expoitation

Here’s a question. Suppose you see people lining up for hours, and people willing to pay a month’s salary in bribes, in order to get a $2 a day factory job. What might you conclude? Would you guess there are higher-paying jobs around, but the people are too lazy to look for them? Here’s my [...]

The Patriot Act vs. the U.S. Constitution

I do not think our government is evil, but I do think evil men could be elected to lead our government. It happened in Germany in the 1930s. During the last century, governments given totalitarian powers killed an estimated 169,000,000 people. If you don’t think it can’t happen here, I would remind you of the [...]

Laissez Faire vs. Interventionism

In eighteenth-century France the saying laissez faire, laissez passer was the formula into which some of the champions of the cause of liberty compressed their program. Their aim was the establishment of the unhampered market society. In order to attain this end they advocated the abolition of all laws preventing more industrious and more efficient [...]