What To Do About Gasoline Prices

Nationally, the average per gallon price for regular gasoline is $2.50. Are gasoline prices high? That’s not the best way to ask that question. It’s akin to asking, “Is Williams tall?” The average height of U.S. women is 5’4″, and...

The Lessons of Hiroshima

Those who claim that the use of atomic bombs in Japan was not necessary often point to Japan’s weakened military condition, and the possibility that the war could have been ended without Japan’s unconditional surrender. Such an attitude fails utterly to...

What “Oil Crisis”, Part 2

Soaring oil prices have revived the old bogeyman that the world is running out of oil. Economics is a great field for nostalgia buffs because the same old fallacies keep coming back, like golden oldies in music. Back in 1960, a best-selling book titled “The...

Security or Hysteria?

Driving through downtown Washington, D.C., a few weeks ago, I asked myself: What’s happened to the character of the American people? There were barricaded landmarks, armed guards and people waiting to be searched. Several weeks ago, I visited downtown...