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Honor Veterans, Rebuff Sacrifice

In Veterans’ Day ceremonies throughout America, the word “sacrifice” will repeatedly be invoked to hail our heroes’ finest actions. While our veterans deserve the highest praise and deepest admiration, that term, however well-intentioned the sentiment may be, is simply innocently misused when describing the deeds of those who defend freedom. To illustrate how it might […]

Eliot Spitzer’s Attack on the Securities Industry

Whatever you may think of Microsoft, the decision last Friday by federal judge Colleen Kollar-Kottely to approve the company’s settlement with the Department of Justice was a much needed rebuke to the scorched-earth prosecutorial mindset of today’s state attorneys general — many of whom tried to block the settlement, holding out for draconian punishments and […]

Heart of a Pagan, Chapter 1: The Spirit and the Flesh

Some say there are no gods; that all we have are fables and empty cant. Some say there was a god once but he perished, leaving true believers to wonder why the spirit of consecration had fled, emptying their lives. A few sneer at deity and celebrate its demise. Some desecrate their temple; some abandon […]

Deformed Reform of Wall Street

The proposed restructuring of stock research at big Wall Street investment banks — if “proposed” is the proper word when NY attorney general Eliot Spitzer is doing the proposing holding a rubber hose in his hand — is an even worse-than-usual regulatory solution to a problem that isn’t even a problem. The problem is securities […]

Do you want your child to die fighting in Iraq?

“Do you want your child to die fighting in Iraq?” This type of question is one of the subtle, insidious ways by which pacifists try to undercut the war against Islamic terrorists. To understand how this is done, we must first take an honest look at our enemies. Islamic fundamentalists have been threatening death on, […]

The Thirty Stocks That Returned the Most in the Last 30 Years

Celebrating its 30th anniversary, Money magazine recently crunched the numbers and found the 30 stocks that had returned the most, in price and dividends, since the magazine’s founding in August 1972. The No.1 stock was, of all things, an airline – Southwest (LUV) – whose value had increased at an annual average rate of 26 […]

What Will the Republicans Do with Their Victory?

The oh-so-smug and oh-so-glib media “experts” have ended up with egg on their face for the second time in a few weeks. First their “profiles” of the Beltway sniper turned out to be completely wrong — wrong car and wrong race, among other things — and now their talk about the inevitable losses of the […]

Bill Gates and Michael Milken: The War on Capitalism, Then and Now

It’s interesting to compare Bill Gates’ and Microsoft’s victory last Friday in obtaining a favorable settlement of their antrust case with another battle in the war on capitalism from ten years ago — one that turned out very, very differently. In September, 1998, the Securities and Exchange Commission filed securities fraud charges against Drexel Burnham […]

The Meaning of Microsoft’s Victory

On May 16, 1998, Bill Gates walked away from negotiations with the US Department of Justice’s Antitrust Division and the attorneys general of 20 states to prevent the threatened filing of a sweeping antitrust suit against Microsoft. Gates had offered many concessions in the spirit of compromise, but he refused to accede to the demand […]

The Election We Deserve

As of the writing of this column, it is mid-day on Nov. 5, and the exit polls have not even begun to predict how today’s elections will end. It might seem like a bad time to make predictions, given that this is considered one of the tightest congressional contests in years, with control of both […]