Criminal vs. Immoral

Q: What is the difference between what is “immoral” and what is “criminal”? Isn’t something criminal, so long as it’s objectively judged, also immoral? A: If something is rationally judged criminal, then by definition it’s...

The Catch-22 of U.S. Trade

In his recent testimony before Congress, U.S. Trade Representative Robert Zoellick painted an attractive portrait of free nations “bound together by free trade.”But it is a portrait marred by a little-noticed Catch-22 of U.S. trade law that hurts Americans...

It’s A Great Day For Investing

The date was Dec. 5, 1996. The scene was the ballroom of the Washington Hilton Hotel. The speaker was Alan Greenspan, the chairman of the Federal Reserve Board, keeper of the nation’s money. He had been droning on for 45 minutes with an address on the 83-year...

Storm Troopers Vs. Free Speech

Despite media proclamations of “the public’s right to know” and frequent invocations of the First Amendment, there has been a deafening silence from the national media over the storm trooper tactics used on college campuses against student newspapers...

The Australian Dollar is Down Under

The Australian Dollar, while recently sinking to 19-year lows, doesn’t seem to have gotten a lot of attention. In fact, the currency has never had the sort of impact on global currency markets as the Yen, the Euro, or the Pound, and even currencies like...