POLITICS
Selfishness Without a Self: Trump’s True Colors Revealed
The Republican Party nominated, worked to elect, then stood behind a man who is amoral and unhinged, a man who is the tribal lone wolf that Ayn Rand described in “Selfishness Without a Self.”
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.
Objections Against Capitalism: The Perils of “Too Much” Freedom
The argument for limiting our freedom—and for objecting capitalism, a system of freedom—is based on a dismal view of human beings.
Republicans and Blacks
Republicans have failed to explain why the minimum wage laws that Democrats support are counterproductive for blacks.
CULTURE
Say’s Law and the Keynesian Revolution: How Macroeconomic Theory Lost Its Way by Steven Kates
Steven Kates refutes Keynes’s caricature of the classical economists. Ultimately it is always goods that are traded for goods. Say’s Law, properly understood, explains both what causes unemployment and how to solve it..
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...
School Performances
Many of the pronouncements coming from those who run our public schools range from fallacies to frauds. The new book "No Excuses" by Abigail and Stephan Thernstrom exposes a number of these self-serving lies. You may have heard how hard it is to find enough teachers...
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
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
Can Obama Dictate An Increase In Taxes Without Congress?
Don’t think that “hard” dictators (of the right-wing or left-wing variety) don’t lie in wait to exploit the next economic or military crisis, now that Obama has set the stage for going way outside the boundaries of the Constitutional separation of powers.
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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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