A Monetary Policy Primer, Part 1: Money

What, exactly, is “monetary policy” about? Why is there such a thing at all? What should we want to accomplish by it — and what should we not try to accomplish?

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Clinton Tries To Take Credit For Celera’s Achievement

Celera’s achievement rendered the government-funded Human Genome Project obsolete. It demonstrated that the public endeavor was a waste of time, money and resources. Yet, Clinton managed not only to save face, but also to share in Celera’s glory and advance the idea that greater government involvement in science is a good thing.

The “Third Way” Moves Two Ways In Europe

In recent years, the leftist parties of England and Germany returned to power by promising voters that they had turned their back on command and control, tax and spend, economic policies. Instead they promised to “transcend” the old right and left by...

The Perils of Gun Ownership?

1. Ted Kennedy, Rosie O’Donnell, Charles Schumer, and Barbara Boxer strongly denounce private gun ownership. However, their bodyguards carry: A. Toy guns with trigger locks B. A tape recorded message that says “Boo!” C. CandyD. Slingshots E. Very...

The Fundamental Cause of Today’s Social Ills

So philosopher Mark Kingwell [Re: Burgled in the World’s Best Country, National Post, July 12, 2000] believes that the cause of social ills like “crime and riots and beggars on the street” is the envy created by people experiencing poverty? Leaving...

The Environmentalist Evil

Environmentalism regards man as a spreading cancer that must be eliminated at any cost. And its leaders mean it. Environmentalism is at root a movement against man. As novelist and philosopher Ayn Rand observed, “… [their] ultimate motive [is]…hatred for achievement, for reason, for man, for life.”

The Three Myths of Antitrust, Part 1

Most of you will recall the scandal during the winter Olympics a few years back, when disgruntled skating competitor Tanya Harding hired a thug to take a pipe to the shins of Nancy Kerrigan. Harding was envious of Kerrigan’s superior ability and tried to cripple...

Parents Rejoice! Harry Potter Is Back

MARINA DEL REY — On July 8, the fourth installment in the adventures of child-wizard Harry Potter will be released. Harry Potter, far from being an agent of the occult as his critics contend, is the kind of hero children should be encouraged to read about and...

“Give Me Liberty Or Give Me Death!”

Presented at St. John’s Church, Richmond, Virginia March 23, 1775. By custom, Henry addressed himself to the Convention’s president, Peyton Randolph of Williamsburg. MR. PRESIDENT: No man thinks more highly than I do of the patriotism, as well as...