Archive | March, 2012

The Court’s Mock Examination of Obamacare

  JUSTICE SCALIA: ….And we’ve held in two cases that something that was reasonably adapted was not proper [the necessary and proper wording of the Commerce Clause] because it violated the sovereignty of the States, which was implicit in the constitutional structure. The argument here is that it may be necessary, but it’s not proper […]

Government Job Creation Kills Real Jobs

President Obama has long told us that “green” energy would create thousands of jobs. His administration has “invested” billions of tax dollars in a myriad of “green” industries. Predictably, the results have been the opposite of what we were promised. As one example, a story in the Houston Chronicle tells us: A123 Systems, a battery […]

What Is In Your Self-Interest?

The following story was related to me by a student. An acquaintance of his was frustrated and unhappy with her job and felt that her company, which was short-staffed, was not giving her sufficient support and help. The acquaintance felt stressed but was able to cope with the demands of her work and was not […]

Greg Smith vs. Goldman Sachs

Just now I can’t summon the energy to write the post that should be written to defend Goldman Sachs against the disgusting, publicity-seeking attack made on it last week by ex-employee Greg Smith. (Mr. Smith was not highly placed at the firm: he was one of 12,000 “vice-presidents.”) His attack came in the form of […]

Islamic Jihad: Hurry Up or Wait?

“The difference between the “radicals” and the “moderates” is that the radicals want to engage in genocide even while they are a minority, while the moderates want to wait until they are a majority. The radicals are satisfied with killing a few Hindus, Christians, Jews, here and there. The moderates want to wait and kill […]

Yet Another (Unconvincing) Argument Against Gold

It seems that various pro-gold utterances in the course of the Republican primaries have provoked critics of the gold standard to circle their wagons and start shooting. But while the sheer volume of shots fired has been impressive, the shooters’ aim has been lousy. That goes for this recent volley from EconBrowser’s James Hamilton, in […]

Trade Rains on the Jobs Parade

Earlier this month the Labor Department reported that 227,000 new jobs were added to the economy in February, marking the third consecutive month of positive jobs growth. Many observers took the news as evidence that the recovery has taken hold in earnest, helping send the S&P 500 index to the highest level in nearly five […]

Let’s Remember Whitney for Her Ability

By eulogizing Whitney Houston for her ability—essentially praising the good for being good in an age of sneering nihilism—her onscreen bodyguard conferred upon her memory an act of poetic justice and a lesson for everyone to learn.

Keeping Spirits Up in the Depressing Era of Obama

Dear Dr. Hurd: I’m writing in response to your Daily Dose of Reason column, “America in Reverse.” I have to say that reading that article is painful for me because I had to move back in with my mother after losing my job. I’ve been working odd jobs ever since, which pays very little. I […]

Conservatives Are Killing Freedom

What happened to the tax-cutting party of Reagan? It’s tempting to say that conservatism has lost its way. But conservatism never knew where it was going in the first place.

Critics of Privatization of Emergency Services: Where Is The Fire?

Faced with budget deficits, many municipalities are looking to privatization to solve their financial woes. But these efforts are not without their detractors. For example, when the issue of privatizing fire and emergency medical services (EMS) in Lansing, Michigan, was raised, Lansing Mayor Virg Bernero said, “There are certain things government should do… . If […]

America in Reverse

A recent study reported on Fox News says: 3 out of 10 young adults age 25-34 now live with their parents. This is the greatest number of people in this age group found to be living with their parents since the 1930s. Most will reply: “It’s the economy causing this.” That may be true. But […]

Steve Jobs Versus Barney Frank

Steve Jobs creates delightful products that consumers willingly and eagerly buy. Barney Frank issues edicts and demands that individuals must grudgingly obey.

Why Is It Moral to Pay CEOs 300 Times More Than Average Employees?

The compensation of Chief Executive Officers of large American corporations is about 300 times more than that of the average employee. Such a big gap in pay is often criticized as immoral and is generally attributed to “greed” or to general unfairness of the “system.” I argue that such large differences in compensation are moral […]

“Crony Capitalism” is Fascism

Imagine that you start a business, and after years of hard work, you achieve the success that you had long thought possible. How would you react if, after achieving success, the government told you that you must pay a portion of your revenues to your competitors? The government “justifies” this policy, not because you have […]

Atlas Shrugged Directive 10-289 Redux?

A few nights ago I watched John Frankenheimer’s Seven Days in May (1964). And a few nights before that, his The Manchurian Candidate (1962). I was in a foul, pessimistic mood, given the nature of the presidential election campaign and the vacillating prospects of seeing a changing of the Red Guard in the White House. […]