Egalitarianism and The Nihilist Definition of Racism

The egalitarians know that they cannot bring equality by raising everyone up, so their nihilistic conception of racism aims to foster equality by crushing everyone down to the level of the worst performers.

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The New Black Segregation at California State University is Still Racism

The civil rights movement started out in the 1950s and 1960s as against white-black segregation. And now, half a century later, we’re back to full-fledged white-black segregation at California state schools.

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Ludwig von Mises’s Majestic Magnum Opus, Human Action: A Treatise on Economics

Ludwig von Mises’s majestic magnum opus, Human Action: A Treatise on Economics, was published on September 14, 1949. In the nearly seven decades since its appearance, Human Action has come to be recognized as one of the truly great classics of modern economics.

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Johnny Can’t Think But He’s a Great Guesser

As U.S. schoolchildren head back to their classrooms, they will face a threat greater than drugs or thugs — their school curriculum, said a senior writer for the Ayn Rand Institute. “For years, students have had their reading abilities destroyed with the...

The Forgotten Man

Trades-unions adopt various devices for raising wages, and those who give their time to philanthropy are interested in these devices, and wish them success. They fix their minds entirely on the workmen for the time being in the trade, and do not take note of any other...

The Antitrust Craze

Most of us can name no more than a dozen antitrust prosecutions under the Clinton Administration. However, since 1994, the Department of Justice has filed over 500 antitrust suits against American companies. The majority of suits went unnoticed, and only a select few...

Antitrust Morals and the Success of Tiger Woods

Tiger Woods’ remarkable run of success continues. In winning the last three major tournaments, two by record margins, he set new standards of golfing excellence while his competitors fought over second place. Some media commentators have wondered whether his...

The Forgotten Man, Part 2

There is an almost invincible prejudice that a man who gives a dollar to a beggar is generous and kind-hearted, but that a man who refuses the beggar and puts the dollar in a savings bank is stingy and mean. The former is putting capital where it is very sure to be...

Is a “Right to Prescription Drugs” Good Medicine?

Al Gore promised to provide prescription drugs “coverage for all” American senior citizens if elected president. Republicans, afraid of not jumping on the bandwagon and missing out on the next elections, joined the Democrats, and committed to a plan that...

Bank of Japan Interest Rate Hike is a Canard

On August 11th, Japan’s central bank, the Bank of Japan (BOJ), announced its first interest rate hike in ten years. For seventeen months, the BOJ had lent money overnight to the banking system at a rate of zero; that is, no interest. Now, with the hike, it will...

The Forgotten Man (Part 1)

The type and formula of most schemes of philanthropy or humanitarianism is this: A and B put their heads together to decide what C shall be made to do for D. The radical vice of all these schemes, from a sociological point of view, is that C is not allowed a voice in...