Why The Bush Tax Plan Will Work

If you hoped that Alan Greenspan’s congressional testimony last month would help cut through the thick fog of competing opinion on President Bush’s tax-cut plan, you were probably bitterly disappointed. Greenspan proved once again, in my opinion, that...

The Voice of the People in Philadelphia

The Penn’s Landing redevelopment issue in Philadelphia raises an interesting and concrete example of the relationship between government and public property development and improvement. We would all like to see something beautiful and valuable happen on the...

Mr. President, Will Your Words Have Weight?

President Bush said in his press conference this week that “the fundamental question facing the Security Council is will its words mean anything; when the Security Council speaks, will the words have merit and weight?” That question, frankly, does not...

The Arab Summit: Even Arabs Don’t Like Arabs

The shouting match that broke out at the March 1 “Arab Summit” in Sharm El-Sheikh, an Egyptian Red Sea resort, was instructive on a number of levels. What it mostly confirmed was that even Arabs don’t like (or trust) Arabs. Behind all the wrangling...

FTC Outlaws Freedom in the Ice Cream Market

When antitrust cases are about complex technical subjects like Microsoft and the market for PC operating systems, or Hughes/Echostar and the market for satellite TV broadcasting, it’s easy just to throw up your hands and assume that the government’s...

Bush on Israel: Heartburn for All

Consistency and predictability are core strengths of George W. Bush as a politician. Be the issue domestic (taxes, education) or foreign (terrorism, Iraq), once he settles on a policy he sticks with it. There is no ambiguity, no guessing what his real position might...

Beyond Iraq: Growth Beyond the Risk of War

We may be facing an unusual moment in the history of market valuations in which both risk and expected returns are on the rise at the same time — and unfortunately, at the moment risk is winning. Clearly, fears of the domestic consequences of possible war with...

Innocents in War

If President Bush makes the solemn decision to go to war with Iraq, he must not shackle our nation–as he did in Afghanistan–with his own personal religious or altruistic notions. As President, he has no right to worry about civilian causalities in enemy...

“Diversity” For Thee, Not Me

My favorite salesman in my favorite camera store in Palo Alto, California, happened to mention that he lives in the town of Tracy. That is about an hour and a half drive to work in rush hour traffic. Why was this man spending three hours a day on the highway? Because...