Human Flourishing Requires Energy—not Government Coercion

Individual rights include the freedom to use whichever sources of energy people and businesses want, as long as they don’t violate others’ rights.

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Stress Busting: Principles of Stress-Management

Have you ever suffered from any of the following symptoms? Poor concentration. Forgetting to do important tasks. A pervasive sense of helplessness or hopelessness. Nervous behaviors (shaking leg, biting nails). High blood pressure. Blowing up or snapping at loved ones...

Why Greenspan Trashes the Markets

When Federal Reserve chairman Alan Greenspan speaks, markets listen. But Mr. Greenspan doesn’t create wealth, as E.F. Hutton did when he spoke. Mr. Greenspan’s speeches tend to destroy wealth. Last week, for example, Greenspan told Congress that...

O.J.’s Revenge?

O. J. Simpson, the only man in America more accessible to the press than John McCain, claims vindication. Simpson told Newsweek, “I feel vindicated. It is now loud and clear that these guys are capable of planting evidence and framing people. This is not...

The Mystery of Alan Greenspan

Many people wonder about Alan Greenspan. As a student and associate of Ayn Rand in the 1960s, he wrote many articles on the virtue of capitalism, some appearing in her seminal work, Capitalism: The Unknown Ideal. An eloquent and ardent advocate of the free market, he...

Putting Your Investment Eggs in One Basket

Stock market indexes and market leadership has been growing increasingly concentrated in a small number of stocks and sectors. Professional portfolio managers often react to this market concentration by allocating more money to fewer stocks, reducing their...

Abortion: When do rights begin?

Question. I believe the mother must decide to abort the fetus well before the point of normal birth and that the rights of the fetus do actually begin before the baby is born. The standard for when the fetus’ rights may properly begin is when the fetus could...

"Pure and Perfect" Competition? By What Standard?

This article is an adaptation of a lecture Mr. Salsman gave at Harvard University, in May of 1999. The print version has been edited lightly in order to retain it’s spontaneous quality. Mr. Salsman has not reviewed the edited version.I’ve mentioned some of...

Regis Philbin Feels Our Pain

“Can anybody explain this to me — why is it that nearly all our contestants are white men? I’m a white man, so you know I have nothing against them, but come on. We would really like a little more diversity.” Last week, Regis Philbin, host of...

Psychotherapy, Self- Initiative, and Self-Confidence

A good therapist can offer you something most other people cannot: psychological information on how to explain troubling emotions, better manage stress, and obtain an objective perspective from somebody not involved in your personal life. No therapist, however, can...