The United States of America is Not a Democracy

If we’ve become a democracy, it would represent a deep betrayal of our founders, who saw democracy as another form of tyranny.

The Meaning of President’s Day

America’s Early Presidents Were Admirable Men of Principle– Let us Hope we can Find More Like Them

The Politics and Economics of Plato, Aristotle, and the Ancient Greeks

In Aristotle, we find a more subtle and sophisticated understanding of some economic themes than in Plato. While Aristotle’s answers were incomplete and often misdirected, as well as incorrect, he at least was among the first to ask the types of questions that centuries later became part of the heart of economic analysis and understanding.

POLITICS

Bullies Rule

Twenty-two million government workers delay the Keystone XL oil pipeline, raid poker games, force us to put ethanol in cars, prohibit drugs and medical devices that might make our lives better, take about half our money, and jail more citizens than even China and Russia do.

CULTURE

Why Not?

Why shouldn't the soul of a mortal be proud? Life goes, it is true, like a swift-flying cloud But while it is going and ere he has died A man may do many things worthy of pride The high and the humble, the meek and the brave, Are all of them destined in time for the...

Christopher Columbus, We Salute You

Most Columbus Days are marked by rabid condemnations of the explorer as a genocidal maniac bent on destroying the peaceful and innocent native peoples who populated the Caribbean islands which Columbus discovered. These condemnations are not only unwarranted but...

Who Whipped Communism?

Soviet President Brezhnev, one of the last of the Soviet Communist dictators, hated the Catholic Church, according to conversations reported in The Wall Street Journal. Back during the Cold War Brezhnev is quoted as saying, "Sooner or later [the Church] would gag in...

WORLD

On the U.S. Obligation in Iraq

Democrats and Republicans, liberal media as well as Fox News, all seem to take for granted the following position on Iraq, as (in this instance) reported today at MSNBC.com: "The constitution is a crucial step in Iraq's transition to democracy after two decades of...

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MARKETS

Supply-Side Panglossians are Not Objective

Supply-Side Panglossians are Not Objective

Capitalism (and economic analysis) requires reason, not faith, facts, not what feels good. The supply side is the right side, but the Pollyannas must cease their bias and at least try becoming more objective. They must defend the right policies, not merely those imposed by politicians they deem to be in the right because they are on the right.

The Extinction of Retirement

For the better part of a century the foundations for a semi-comfortable retirement for many Americans have rested on the financial pillars of rising real estate and equity prices, positive real interest rates on savings, the continued solvency of public and private...

Fed Benefits from Global Fears

This week, in the second in a series of less-than-impressive press conferences, Fed Chairman Ben Bernanke offered market observers little hope that any additional quantitative easing programs are on the horizon. The Chairman continues to cling to the position that the...

Central Bankruptcy: Why QE3 is Inevitable

As the U.S. economy seemingly limps out of the Great Recession most analysts now assume that the Federal Reserve will soon join the tide of other central banks and bring an end to the current era of unprecedented monetary expansion. Markets expect that Fed will begin...

LAW

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SCI-TECH

Global Warming Scares Heat Up

To understand the whole global warming debate you have to understand that it is not about any dramatic warming of the Earth. The Earth has been warming since the end of the last Ice Age with time out for some mini-Ice Age episodes. As Richard S. Lindzen, the Alfred P....

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