Modern Politics as Modern Art
The mere allegation that the one side is “playing politics” is like a catch-all smear to stop any opposition in its tracks.
Profits Lower the Cost of Health Care in the Long Run
Advocates of medical socialism want to reduce the profits of pharmaceutical firms and put health insurance companies out of business completely. But who profits from profits–and exactly who profits when they are destroyed? Critics point to supposedly lower...Stocks Look Cheap Historically, But They May Get Cheaper
With stocks at new highs, are prices too high for the value-minded investor to pay? I say no — although if you are a value-minded trader, the answer may be yes. The way I look at stock valuations is by comparing consensus forward earnings to current long-term...No Drug Price Controls
The Democrats who now control Congress want to change President Bush’s Medicare drug benefit to require government officials to negotiate drug prices with the pharmaceutical companies. Under the current program, competing insurance companies cut the deals and...Nonsense Ideas About Economics
There are some ideas and feelings that sound plausible but given just a wee bit of thought can be shown to border on lunacy. Let’s examine a few. Some U.S. companies have been accused of exploiting Third World workers with poor working conditions and low wages....Social Security is a Monstrous Injustice
Throughout the nation, a fierce debate rages over Social Security. One side, led by President Bush, says the system is in crisis and must be saved via “partial privatization.” The other side says the system is basically sound and can be saved with a little...Religion vs. Liberty
America’s war on terrorism is being undercut–by the administration’s efforts to inject religion into politics.
FCC Violates Free Speech on Principle
In this headlong rush to expand the government’s authority over the media, no one has paused to consider whether the government should have such authority in the first place. No one has noticed that the very existence of the FCC is a flagrant violation of the right to free speech.