Hong Kong’s Contradictory Property Policies

Once again, the Hong Kong government has swung from manic to depressive over its property market. A few years ago, in an attempt to gain popularity with the poor, the government reacted to high property prices by promising more government housing programs and more...

Shays’ Rebellion and the Spirit of Freedom

In 1786 New England farmers, oppressed by taxation, launched a series of rebellions against state authorities. Beginning with popular protests at town meetings, the demonstrations spread to local courthouses and legislatures. The statehouse in Hew Hampshire was...

Let’s Kill the Death Tax

On June 9th, by a majority of two thirds, Congress representatives voted to repeal the federal estate tax. The most impressive thing, however, was to hear arguments for the repeal being advanced on moral grounds. It seems that at least some politicians grasped the...

Krugman’s Green Cheese is All Rotten

I read a most outrageous article in last Sunday’s New York Times written by Paul Krugman, the Times’ Keynesian economist in residence. (Available with free registration) Entitled “Green Cheese Rules,” the article was inspired by a theory...

The Good Times of Johnnie L. Cochran

Look in the dictionary, under the word “gall.” You might find a picture of defense attorney Johnnie L. Cochran. If it doesn’t appear, it should. June 12, 2000, marks the sixth anniversary of the murders of Nicole Brown Simpson and Ronald Goldman. On...