Tonya Harding’s Army

Here is an interesting quote by U.S. District Judge J. Frederick Motz, the federal judge overseeing Sun Microsystems’ request for an injunction against Microsoft, “Capitalism is about making money, but it’s also about something else. It’s also about pride of product.” Right. That makes sense. I’ve thought and reflected for a week, and I can […]

The Innovator’s Decision

Tom Daschle tried to turn the election into a referendum on the economy, blasting the Bush administration for “the worst performance in terms of real economic growth that we have seen in the last 50 years.” However hyperbolic, he raised a paradox: If the economy was so terrible, why did the GOP win? In fact, […]

Americans with Disabilities Act vs. The Internet

Common sense may seem in short supply in today’s litigation-happy world, but it got a boost recently from — of all places — Florida, where a federal judge tossed out a lawsuit claiming that Southwest Airlines’ Web site violated the Americans with Disabilities Act. The decision is good news for the Internet, and for consumers, […]

Doing Business With Criminals

Eight years ago, a particularly stupid U.S. Administration at a particularly stupid juncture in American history offered Communist North Korea a deal: if you don’t develop nuclear weapons, we’ll give you free American oil — at U.S. taxpayer expense. Even hard-right “reactionaries” dared not state the inevitable at the time: that the dictatorial North Korean […]

Cramer vs. Cramer: Another Day, Another Fantasy

If you’re a financial media pundit, you live every day with a fundamental challenge with respect to accountability and intellectual honesty. As your forecasts, opinions and views accumulate over the years, how do you reconcile what you are saying today (or failing to say) with what you said last month or three years ago? If […]

Tax Credits for Health Care Coverage

It appears high on nearly every wish list President Bush has mentioned for the next Congress: health-care legislation. Why? Because lawmakers can’t wait much longer before they do something about the growing number of Americans who lack health insurance. The latest figures from the U.S. Census show that about 1.2 million people lost their health […]

Mutual Fund Failure

Despite the miserable performance of the stock market in recent years, the number of Americans owning mutual funds continues to rise. At last report, 48 million families owned stock funds. That’s roughly half of all U.S. households – up from only about one-fourth in 1992 and one-twentieth in 1980. Mutual funds have democratized finance like […]

Lott and Thurmond: When Saying ‘I’m Sorry’ is Not Enough

Last Thursday, at Senator Strom Thurmond’s birthday party, these were Trent Lott’s comments: “I want to say this about my state: When Strom Thurmond ran for president we voted for him. We’re proud of it. And if the rest of the country had of followed our lead we wouldn’t of had all these problems over […]

Sowell’s Christmas Book Recommendations

Some years, it is hard to find enough good new books to recommend to buy as Christmas presents, so I have had to recommend old favorites like The Federalist Papers or recommend gift subscriptions to magazines like The Economist. This year, however, there have been so many outstanding books published that the problem will be […]

The Case for Invading Iraq

With each passing day the United States comes ever closer to launching a new war against Iraq. And yet, before it has even begun, thousands of people are already marching in the streets demanding that our government not take any forceful action against Saddam’s regime–lest, they say, innocent civilians are harmed in the process. These […]

The Pseudo-Science of Rubinomics

What is “economic analysis” when it comes from a newspaper? It’s usually just like Daniel Altman’s “Economic Analysis” column in the New York Times this morning: a montage of sound-bites from “experts” (or, if not experts — are there really any “experts” in the pseudo-science of economics? — then at least people, most of whom […]