The Delusions and Dangers of the New Mercantilism

Trump has assumed the powers of a near absolute monarch to decide when, why, and against whom he will arbitrarily raise and lower and raise again tariffs on the importation of goods into the United States.

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

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

United States Needs Freedom, Not Fascism

United States Needs Freedom, Not Fascism

America does not need the command-and-control planning authorized under the Defense Production Act to deal with the COVID-19 pandemic. Instead, it needs greater deregulation to free the entrepreneurial discovery process. In short, the United States needs more economic freedom, not fascism. 

Hard to Take a Bone from a Dog

Most people, provided they have a minimum of experience, know that taking a bone from a dog is a risky proposition. In terms of political power, few dogs are bigger than the American voting public. Taking away, or even threatening to take away, the major entitlements...

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...

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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