Socialism Does Milk Good?

Socialism is dead in the former Soviet Union, but if you live in New England, it is alive and well in your grocer’s dairy case. The price you pay for a gallon of milk is not determined by competition and the free market. It is set instead by a cartel called the...

Individual Tax Credits for Health Coverage

A number of legislative proposals on Capitol Hill would provide uninsured workers with a tax credit to help them purchase health insurance. The most recent was introduced on March 14 by Senators John Breaux (D-LA) and James Jeffords (R-VT). President Bush has proposed...

Advanced Investing: Strangle with SOX

If you’re a tech investor and you’re feeling a little whiplashed right about now, here’s an idea for you: strangle on SOX. I don’t mean you should strangle yourself with your socks — although I admit it’s tempting sometimes —...

Laws Versus Values

During the ’40s, when I attended primary and secondary school, one didn’t hear of school shootings. Why? Did we have better laws banning guns in and around schools? Or hadn’t guns been invented? Many of today’s youngsters begin the school day...

Pol Pot’s Cheerleader

The death of Pol Pot, 23 years to the week after he and the Khmer Rouge seized control of Cambodia, occasioned long backward glances at one of the 20th century’s most horrific genocides. It was noted everywhere that the communist reign of terror in Cambodia...

Green Thumbs Vs. “Green” Politics

Every year, at about this time, I make my personal protest against environmentalism by going out and enjoying nature. How, you might ask, can enjoying nature be considered an act of defiance against environmentalism? Consider how — and why — I enjoy it. I...

Now What?

Great. Now what. The NASDAQ has logged the best two weeks in its history. All the major market indexes have reinstated back above the long-term trendlines that they broke last month. The Fed has lowered interest rates for the fourth time so far this year. We’ve...