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MARKETS
Capitalism, Market Competition and Netflix
Blockbuster’s demise began when it charged a man named Reed Hastings $40 in late fees. That annoyed him so much, he started a subscription-based, mail-order movie rental company he called Netflix.
Weak Dollar Policy: A Bad Plan Poorly Disguised
With our economy sagging and our international clout waning, one of the few assets upon which the United States can rely is the confidence that the rest of the world has traditionally showered upon us. That confidence is the reason why the US dollar was elevated to...
The Currency War: Good for Gold
As the world awaits another $600 billion flood from Bernanke's printing press, central bank governors from Brasília to Tokyo are preparing to respond in kind. This is the monetary equivalent of a nuclear war, except instead of radiation, bombs of inflation...
There Was a Fed Chairman Who Swallowed a Fly
?While it's true that history repeats itself, the patterns should always be separated by a generation or two to keep things respectable. Unfortunately, in today's economic world, it seems the cycle can be counted in months. On July 24, 2009, just as the Federal...
POLITICS
Lockdown: The New Totalitarianism
The lockdowns are looking less like a gigantic error and more like the unfolding of a fanatical political ideology and policy experiment that attacks core postulates of civilization at their very root.
Tea Party at the Crossroads: Part II
Trying to defund ObamaCare without the Congressional votes to do so, the Tea Party made a major tactical mistake.
Does Washington Know Best?
Congress and the president are taking over an area of our lives infinitely more challenging and complex than the management of traffic signals and supermarkets, namely our health care system.
Tea Party at the Crossroads
The Tea Party’s principles were clear. But their tactics can only be judged by the consequences.
CULTURE
Federal Money Incentivizes Colleges to Increase Tuition
What is the price tag for “free” college and the elimination of college debt?
The Lure of Baseball
In a world of life-and-death conflicts, spectator sports give us a “time-out”–an opportunity to relax and celebrate human skill, dedication, and success in a spirit of simple joy.
The Rational Basis of Sex: Common Views About Sex (Part 1 of 4)
What is sex? I can picture asking an adolescent boy this question and he’d say “You don’t know…?!”
Crusading to Keep Kids Clueless: Public Education Monopoly Cracks Down on Home Schooling
The public education monopoly can't stand the thought of "unqualified" parents teaching their own children. That is why they are cracking down on home schooling, even as a new study shows that thousands of public school teachers themselves are shamefully unqualified...
LAW
Obama vs The Rule of Law: On The President’s Selective Enforcement of Immigration Laws
If immigration laws are, as I hold, violations of individual rights, it is up to the courts, not the President, to determine that.
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SCI-TECH
Oily Politicians II: Politicians Play on Consumer Ignorance of Economics
One of the beauties of an economy coordinated by price movements is that nobody has to understand it in order for it to work. If vast new iron ore deposits are discovered tomorrow in Timbuktu, 99 percent of the people on this planet may be wholly unaware of it -- and...
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WORLD
The Volcker Oil-for-Food Interim Reports: No Exoneration for U.N. Corruption
In order to begin restoring the credibility of the United Nations, Mr. Annan should step down.
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