Will Israel Save Us Again?

The Iranians are on the verge of building nuclear bombs. If this is not stopped, mass death will result. The situation is not entirely without precedent, although the crisis today is immeasurably greater. By 1981 Iraq had a similar program. Had it succeeded, America would have faced nuclear blackmail in 1991, and would today be […]

The Case for Off-Shore Drilling

For a small State, New Jersey continues to send a large delegation of mental midgets to Washington, DC to represent it. In the last election, Sen. Robert Torricelli, the man famed for leaking the name of a CIA agent, was yanked off the ticket at the last minute as the result of some serious ethical […]

Kill Bill – To Expand Medicare

From time to time, Congress passes, and the President signs a bill, that forever changes every American’s life. The Medicare prescription drug coverage bill — which President Bush has vowed to sign — is such an event; if passed, this expansion of Medicare, like the Medicare Act of 1965, will make history. With the nation […]

Big Game for America’s Energy Security

So, we’ve arrived at halftime in the big game for America’s energy security. Right now, the game is tied. The House of Representatives has approved legislation that includes a provision to explore for oil in Alaska’s Arctic National Wildlife Reserve. The Senate’s version does not. The first major energy bill in 10 years has advanced […]

In Defense of Mutual Funds

A month ago, Eliot L. Spitzer, New York’s attorney general and the scourge of Wall Street, announced that his office had “obtained evidence of widespread illegal trading schemes that potentially cost mutual fund shareholders billions of dollars annually.” The corporate accounting scandals since 2001 have rocked the confidence of many investors, but, on the surface […]

Arafat’s Despotism: Innocent Palestinians are Better Under Israeli Rule

Over a year ago the United States introduced and the U.N. Security Council passed a resolution calling for “a region where two states, Israel and Palestine, live side by side within secure and recognized borders.” A Palestinian state run by Yasser Arafat will not deliver long-awaited “salvation” for Palestinians; it would only bring them more […]

The Irony of California

The California recall election and its surrounding hoopla may have confirmed the suspicions of some people in other parts of the country that Californians are crazy. But not all Californians are crazy — just the most affluent and highly educated ones. Although the state as a whole voted to remove the disastrous Governor Gray Davis […]

Baby Kim’s Ace in the Hole: Western Moralists

North Korea just announced it is using plutonium extracted from spent nuclear fuel rods to make atomic weapons. How could the United States let this happen? In 1994, when North Korea was on the brink of economic collapse, its new leader Kim Jong Il, following in his father’s footsteps, demanded the help of his reviled […]

A Sound Dividend Strategy

Earlier this year, Microsoft Corp. (MSFT), which is roughly tied with General Electric (GE) as the most valuable company measured by market cap in the world, declared the first dividend in its 28-year history. On Sept. 12, it doubled that dividend from 8 cents a year to 16 cents — and I wouldn’t be surprised […]

Great Myths About the Great Depression

They say “truth will out” but sometimes it takes a long time. For more than half a century, it has been a “well-known fact” that President Franklin D. Roosevelt got us out of the Great Depression of the 1930s. That view was never pervasive among economists, and even J.M. Keynes — a liberal icon — […]

Beware of Bonds As The Economy Improves

A month ago, I wrote about the how the Fed led Wall Street bond traders into a billion-dollar trap, by promising to keep interest rates low virtually forever, and then just weeks later, hinting that it would break the promise. You’d think “once burned, twice shy” — but no, the Fed is making promises again, […]

Where Have You Gone, Isaac Newton?

More and more today, we are inundated with foolishness masquerading as science. Psychic hotlines proliferate, politicians consult astrologers, and people reject their doctor’s advice in favor of “alternative healing” dispensed by quacks. In the past, defenders of real science could be relied upon to expose and debunk such nonsense. So where are these defenders today? […]