Why Does Business Appease Its Critics?

Once you grant that profit making is shameful and business should “give [profits] back to society,” there is no end of claimants for the business’ profits.

How to Keep Your Kids From Growing Up To Be Brats

The best way to raise financially responsible children is to teach them cause and effect. This means giving them logical consequences and explanations for your decisions. Give them choices when you can. When possible, let them in on your economic decisions (which...

Santorum: The Republican Obama

If Santorum wins the Republican Party nomination, then people who want a limited government will quite literally have no place to go. They must choose between the imposition of liberal religion, or traditional religion. A “choice” between the God of Rick Santorum’s imagination, or the secular God of Barack Obama’s socialist-fascist state.

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...

Hollywood: Another Casualty in the War on Drugs

Two hundred eighty-six million dollars last year. This year, $1.6 billion goes from the United States to Colombia to fight the "war on drugs." "Clinton spent more federal money in the war on drugs in his first four years than was spent during Reagan's and Bush's 12...

A Sin to Deport Elian Gonzalez

It would be a sin to deport Elián Gonzalez. To send a child to rot in the prison of Cuba for the alleged sake of his own well-being is criminal hypocrisy. To send him there in order to preserve his father's rights is absurdity, since there are no parental or other...