Honor Veterans, Rebuff Sacrifice

As a former captain in the US Army, I can attest that I never encountered anyone who joined because of some masochistic yearning to transform himself into a sacrificial animal.

What We Owe Our Soldiers This Veteran’s Day

For an American soldier, to fight for freedom is not to fight for a “higher cause,” separate from or superior to his own life–it is to fight for his own life and happiness.

Health Care Is Not A Right

So long as people believe that socialized medicine is a noble plan, there is no way to fight it.

“Bipartisanship” Means Only One Thing

Bipartisanship? I don’t think so. In Washington-speak “bipartisanship” means only one thing: When small government and deficit-cutting advocates give in to Big Government advocates.

Free the Employers

Recent budget crises in Wisconsin, Indiana, and other states have unleashed a renewed debate over the power of unions and “right to work” laws. Unfortunately, both sides of the debate are guilty of numerous equivocations, misrepresentations, and errors. And, at the...

Inflation Held in Check by Fear

History has shown us time and again that out of control money supply expansion creates inflation. In light of the trillions of synthetic dollars that have been injected into the economy by the Federal Reserve over the past five years, most observers (this one...

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 he'll keep raising...

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 something...

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 remain...

"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 the...

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 "Who Wants To Be a...

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...

Pragmatism, Altruism, and Businessmen

Question. In a recent program, you claimed the actions of several businessmen were driven to do business with the government by the morality of altruism. Isn't pragmatism a more accurate description? Given the extent to which property rights have been eroded, long...

The Problem of World Hunger

President Clinton is angry because Americans supposedly waste too much food, especially at holiday time. World hunger is not a problem of redistribution. World hunger does not exist because you throw out half a stick of butter or an unfinished Coke. The real problem...

Socialism: Clinton’s Health Care Legacy

Bill Clinton is not leaving quietly, certainly not when it comes to health care. In a Presidential and Congressional election year and in a cultural climate where the public has been "educated" to believe that health care is an entitlement, Clinton is again...

The Moral Inversion in Seattle

The rioting and demonstrations at the World Trade Organization in Seattle offered us a view of a world in which everything is upside-down and backwards. It is a world in which hordes of middle-class students and $25-an-hour union workers band together to take away...