Devaluation is Not the Answer

In the past few months, I’ve noticed a disturbing shift in attitude towards currency devaluation. An increasing number of economists and journalists are making comments approving currency devaluation as a way to boost economies and “gain...

Grade Padding at Harvard University

Our colleges are losing touch with reality. The padded grades they’re giving out don’t help our students. Harvey C. Mansfield teaches political philosophy at Harvard University. And if there were a class in “how to get yourself into trouble with your...

Who Cares For A Green Latte at Starbucks?

On March 20th, environmentalist activists besieged Starbucks cafes all over the country. Their goal? To impose on the company, and on us, coffee lovers, their own idea of which ingredients should go into our lattes and cappuccinos. This latest campaign, organized by...

Tax Cut Triggers…for Bigger Government

The budget surpluses over the next 10 years are expected to reach $5.6 trillion, yet Washington insiders are screaming that President Bush’s modest $1.6 trillion tax cut is too big. But if anything, it’s too small. The Bush tax cut is only about half the...

Where’s The Profit In Biotech?

Larry Ellison, founder and chairman of software giant Oracle, says that he’d go into genetic engineering if he were starting out in business today. Silicon Valley venture capitalist John Doerr may have made a fortune investing in computer and Internet companies,...

Random Thoughts

Random thoughts on the passing scene: Ad for a ski resort: “If swimming is so healthful, why are whales so fat?” Talk about cloning human beings recalls Winston Churchill’s comment about the secrets of the atom, “hitherto mercifully withheld...