Markets
Capitalism and Finance: In Defense of Share Buybacks
The confused objections to share buybacks illustrate the failure to look past the immediate effect and to understand what financial markets do.
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Law
Profiling for Crime: Who Is Too Blame?
A law-abiding black person denied a taxi is rightfully angered, but to whom should his anger be directed, at the driver who’s trying to protect his life or at the people who’ve instilled fear by robbing and assaulting cabbies?
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Culture
Books: The Nazi Connection: Eugenics, American Racism, and German National Socialism
In his 1910 textbook, Elementary Principles of Economics, world-renowned Yale Professor Irving Fisher devoted part of a chapter to “Population in Relation to Wealth.” Fisher warned of the problem of “race suicide” caused by the fact that the most industrious and...
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Politics
The ‘Diversity’ Fraud
what justifies diversity? Nothing but unsupported assertions, repeated endlessly, piously and loudly.
World
The Tragedy of Africa: Foreign Aid and Debt Forgiveness
The official declarations coming out of the G8 meetings in Scotland, as well as the raucous demonstrations surrounding those meetings, talk about saving Africa. But, looking back over the decades and generations, Africa has been "saved" so many times that you have to...
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Science & Technology
Dispelling Some Crude Myths About Oil’s Real Impact
Economists are beginning to panic about the recent run-up in the oil price (+36%, year to-date, to $44.4/barrel) and its likely future impact on stock prices, profits and output in the U.S. But there's no reason to panic. A fast-rising oil price is no necessary...
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