Gas Prices and Bush’s “Appeasenomics”

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...

The Moral Lesson of Hiroshima

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...

Minimum Wage, Maximum Folly

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...

The Only Cure for 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,...

Why Can’t We Fix The Tax Code?

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...