Author Archive | Alex Epstein

The Meaning of New Year's Resolutions

Every New Year’s Eve millions of Americans make New Year’s resolutions. Whether the resolution is to get out of debt, to spend more time with loved ones, or to quit smoking, these resolutions have one thing in common: they are goals to make our lives better.   Unfortunately, this ritual commitment to self-improvement is widely […]

What We Owe Our Soldiers This Veteran's Day

Every Veterans Day we pay tribute to our fellow Americans who have served in the military. With speeches and ceremonies, we recognize their courage and valor. But justice demands that we also recognize that we should have far more living veterans than we do. All too many of our soldiers have died unnecessarily–because they were […]

Memorial Day: What We Owe Our Soldiers

Every Memorial Day, we pay tribute to the American men and women who have died in combat. With speeches and solemn ceremonies, we recognize their courage and valor. But one fact goes unacknowledged in our Memorial Day tributes: all too many of our soldiers have died unnecessarily–because they were sent to fight for a purpose […]

What to Resolve This New Year

Given the devastated state of many Americans’ finances, our New Year’s resolutions will take on greater significance this year. To “get out of debt” was often a casually stated goal to be set as midnight approached and forgotten soon after; today it is rightly recognized as a fundamental necessity of life. Unfortunately, the New Year’s […]

A 100% Private Option for Health Care: A Truly Progressive Idea

Everyone seems to have a different take on how to solve Americas health-care problem. But notice that every solution offered involves some elaborate new system of government controls. Different proposals include a public option, mandatory insurance for individuals, government-supported health-care exchanges, government-sponsored efficacy research, government-supported co-ops, and as many other ways of dictating consumer and […]

Net Neutrality vs. Internet Freedom

America’s leading Internet service providers (ISPs) have spent many years and billions upgrading their transcontinental networks, which constitute the backbone of the Internet. Now they are eager to profit by offering new, compelling services. One plan is to give certain websites high priority on their data, so as to guarantee “quality of service”–the speed, frequency, […]

Punishing Google for Its Success

The Obama administration’s Department of Justice recently announced that it will dramatically increase enforcement of antitrust laws against successful, dominant companies who allegedly harm competition by wielding too much “market power.” What sorts of companies? Experts agree that the first targets might include one of America’s most beloved. “This will be bad news for heavyweights […]

Government Bailout Crack

Every few days we hear that another leading financial institution has written down billions more on subprime investments gone bad. Nearly every major financial institution, it turns out, had a hand in loans to low-credit borrowers–borrowers whose ability to pay often hinged on endlessly low interest rates or a strong housing market. How could this […]

Retire Social Security: Social Security Is Morally Bankrupt

August 14 marks Social Security’s 73rd birthday–placing it eight years past standard retirement age. But, despite the program’s $10-trillion-plus dollar shortfall, no politician dares to suggest that this disastrous program be phased out and retired; all agree on one absolute: Social Security must be saved. While the program may have financial problems, virtually everyone believes […]

Investigate Bad Congress, Not Big Oil: How The American Government’s Anti-Capitalist Policies Increase Gas Prices

With gasoline prices exceeding $4 a gallon in some states, politicians are responding as usual: Blame Big Oil First. Several prominent senators have once again summoned industry leaders to Capitol Hill, subjecting them to yet another barrage of rhetorical questions, interruptions, accusations, and sermons. The lawmakers’ goal, claims Sen. Patrick Leahy, is to identify “causes […]

Free Google, Microsoft and Yahoo! From Antitrust Fascism

Yahoo! has just released its first-quarter earnings numbers, and neither the market nor analysts are impressed. What will be the company’s next move? Multiple suitors claim that they can leverage Yahoo!’s online products and talented employees better than Yahoo!’s widely criticized management is doing. The leading bidder is Microsoft, whose $40 billion offer it is […]

Too Big To Bail

Every few days we hear that another leading financial institution has written down billions more on subprime investments gone bad. Nearly every major financial institution, it turns out, had a hand in loans to low-credit borrowers–borrowers whose ability to pay often hinged on endlessly low interest rates or a strong housing market. How could this […]

Subprime Meltdown and Project Lifeline: Collaboration or Intimidation?

Since the subprime meltdown began, the Bush administration has pledged to act to prevent foreclosures–but without interfering in the market or bailing anyone out. How is this possible? The administration’s answer: by “facilitating” what it calls “private” initiatives to prevent foreclosures. In December the administration announced, in conjunction with mortgage industry leaders, HOPE NOW–a “private […]

“Net Neutrality”: Destroyer of Internet Freedom

Advocates of “net neutrality” are apoplectic amid reports that ISP Comcast slowed down file-sharing programs on its network. The FCC is threatening action against Comcast, while advocates of a new net-neutrality law sponsored by Congressman Edward Markey are taking the occasion to claim such legislation is necessary to protect “Internet freedom.” But net neutrality is […]

Don’t Save Social Security

With the first Baby Boomer collecting Social Security last week, on the heels of a Bush administration announcement that Social Security faces a $13.6 trillion shortfall, the issue of how to “save” Social Security is once again on the table. While we can expect fierce debate on the issue, we can also expect all sides […]

The Injustice of “Doing Something” about Subprime

As we witness large numbers of defaults on subprime loans–loans extended to those with no credit or bad credit–many are calling for the government to do something to stop the suffering. At the same time, many recognize that a bailout of struggling homeowners would be wrong. Thus, we see a growing list of proposed solutions […]

“Open Access” and the Tyranny of the FCC

In January the FCC will auction off the prized 700 MHz spectrum of wireless bandwidth. But instead of offering the spectrum to the highest bidder to employ it however he judges best (for example, a mobile video-on-demand service), the FCC will force the winner to employ a specific business model–an “open access” Internet network that […]