by Harry Binswanger | Apr 30, 2006 | POLITICS
At even $3.50 a gallon, gas is no more expensive now than in the 1950s, when it was in the range of 20 to 30 cents a gallon. Not if you use the Binswanger deflator of 15-fold to 20-fold. Nonetheless, we would expect gas to be considerably cheaper, like almost every... by John David Lewis | Apr 29, 2006 | POLITICS
On August 6, 1945 the American Air Force incinerated Hiroshima, Japan with an atomic bomb. On August 9 Nagasaki was obliterated. The fireballs killed some 175,000 people. They followed months of horror, when American airplanes firebombed civilians and reduced cities... by Thomas Sowell | Apr 28, 2006 | Economics, Energy, POLITICS
One of the beauties of an economy coordinated by price movements is that nobody has to understand it in order for it to work. If vast new iron ore deposits are discovered tomorrow in Timbuktu, 99 percent of the people on this planet may be wholly unaware of it —... by Thomas Sowell | Apr 27, 2006 | Energy, POLITICS
If there is anything worse than partisan demagoguery, it is bipartisan demagoguery. Republican leaders have now joined the Democrats in blaming the oil companies for the fact that prices rise when demand expands more than supply. Prices have been rising under these... by George Reisman | Apr 26, 2006 | Business
Labor unions do not even know how to raise real wages. All they are concerned with is raising the money wages and protecting the jobs of the members of their particular union.
by Walter Williams | Apr 25, 2006 | POLITICS, Price Controls
About a fortnight ago, Mrs. Williams alerted me to an episode of Oprah Winfrey’s show titled “Inside the Lives of People Living on Minimum Wage.” After a few minutes of watching, I turned it off, not because of the heartrending tales but because most... by Thomas Sowell | Apr 24, 2006 | POLITICS, Women's Rights
People who were not within 1,000 miles of Duke University have already taken sides in the case of a stripper who has accused Duke lacrosse players of rape. One TV talk show hostess went ballistic when a guest on her program raised questions about the stripper’s... by Edwin A Locke | Apr 23, 2006 | POLITICS, Racism
If diversity is the cure for racism, why, instead of promoting racial harmony, has it brought racial division and conflict? It is now taken as a virtual axiom that the way to cure racism is through the promulgation of racial and ethnic diversity within corporations,... by Daniel J Mitchell | Apr 22, 2006 | POLITICS
While Americans struggle to comply with one of the world’s most complicated tax codes, it’s worth noting that about one-dozen nations have adopted simple and fair flat-tax systems.Hong Kong has had a flat tax for nearly 60 years, and has gone from being...