MARKETS
A May Day Remembrance
The inescapable conclusion of the Mises-Hayek argument about socialist calculation is that an efficient socialist society cannot be designed.
The Cause and Evidence of Inflation
In a heated debate on the February 1st episode of CNBC’s “The Kudlow Report”, financial commentator Donald Luskin offered his “textbook” definition of inflation as “an overall rise in the general price level.” I...
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...
LAW
Regulations Impede Rationality
Regulations force individuals to act contrary to their own judgment. This applies to both irrational and rational decisions.
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CULTURE
Why Free-Market Economists and Historians Should Study Karl Marx
Karl Marx’s stubborn political staying power also requires that we grapple with his theory in an intelligent fashion and that we engage him seriously even if we judge his conclusions wanting.
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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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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POLITICS
Twitter Permanently Bans Trump
Why Do Hillary Clinton, Jimmy Carter, Harry Reid Get a Pass?
How Foreign Is Our Policy?
Most of Barack Obama’s foreign policy decisions since becoming president are consistent with this mindset. He has acted repeatedly as a citizen of the world, even though he was elected to be President of the United States.
Genetically Modified Foods: A Tremendous Human Achievement
Genetically modified foods are a tremendous human achievement and value.
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.