Imagine running a rink company at the end of the roller skating craze. You know it is not going to survive for long. How do you operate your business? You milk it. Well, that’s now happening across the entire economy.
After more than six years of Barack Obama in the White House, have we learned nothing about the dangers of choosing a President of the United States on the basis of sound bites, with no track record to check against his rhetoric?
It would be good if all immigrants came here legally. But America makes that difficult.
Clinton is a professional manipulator and deceiver, and many people applaud and admire her for it. Why do so many of us act surprised when she’s accused of criminal wrongdoing, since it’s merely an extension of what her whole career and life have been about?
From the Nazis to the Stalinists, tyrants have always started out supporting free speech, and why is easy to understand. Speech is vital for the realization of their goals of command, control and confiscation. Free speech is a basic tool for indoctrination, propagandizing, proselytization. Once the leftists gain control, as they have at many universities, free speech becomes a liability and must be suppressed.
Only one value can serve as the central purpose in a person’s life: productive work.
Resolute Forest Products’s CEO Richard Garneau is a business hero.
I wrote a story about poor Clarence who retired in 1979, and even poorer Larry who retired last year. I created these characters to challenge the notion of calculating a real interest rate by subtracting inflation. The idea is that the decline of a currency can be measured by the rate of price increases. This price-centric view leads to the concept of purchasing power—the amount of stuff that a dollar can buy. It’s the flip side of prices. When prices rise, purchasing power falls.