European Leaders Play With Fire

by | Jun 30, 2012 | Europe, WORLD

The world economy today stands at the doorstep of great change. A gathering crisis looms in Europe, splitting the Continent into two competing blocs. While leaders there face off against one another in a high stakes game of chicken, the rest of the world powerlessly...

Legal Gimmickry Rescues Obamacare

by | Jun 30, 2012 | Healthcare

Despite the celebrations among Democrats, yesterday a majority of Supreme Court justices ruled that the Constitution does not allow the government to force Americans to buy health insurance. However in providing the swing vote to uphold the Affordable Care Act (aka...

Education and the Poor

by | Jun 27, 2012 | Education

The poor have found remarkably innovative ways of helping themselves, educationally, and in some of the most destitute places on Earth have managed to nurture a large and growing industry of private schools for themselves.

Can a Business Be “Happy”?

by | Jun 26, 2012 | Business

A friend once gave me a T-shirt with “Happiness Is Positive Cash Flow” printed in the front. While I agree that positive cash flow is one of the necessary conditions of happiness in a civilized society, it is not in itself sufficient. What is happiness? It is a...

Roads in a Free Society

by | Jun 26, 2012 | MARKETS

Even among advocates of capitalism, there are many misconceptions about how roads might operate in a free society. One of the most common of these misconceptions is the belief that if all roads were private property, a road owner might charge outrageous rates or close...