A Proper Public Policy for Dealing with Hurricanes and Other Natural Diasters
The Katrina tragedy and the more recent experience of Hurricane Ike should call into question the so-called safety net composed of government policies that actually encourage people to embrace risks they would otherwise shun–to build in defiance of historically obvious dangers, secure in the knowledge that innocent others will be forced to share the costs when the worst happens.
A Political “Solution” to the Current Financial Crisis? (Part 1)
Who was it who said, “crack-brained meddling by the authorities” can “aggravate an existing crisis”? Ronald Reagan? Milton Friedman? Adam Smith? Not even close. It was Karl Marx. Unlike most leftists today, Marx studied economics. Is the...Dealing with Russia
On Aug. 8, Russia decided to rewrite the rules of post-World War II European security. It repudiated the Helsinki Pact of 1975, which recognized the sanctity of borders in Europe, and violated the sovereignty and territorial integrity of NATO aspirant Georgia, whose...Stubborn Ignorance: The Financial Crisis is a Failure of Government Policy
Here’s what the U.S. Constitution says: “All bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.” How many times have we heard politicians, pundits and...The High Cost of Racial Hype
Sometimes you don’t know when you are lucky. Certainly I did not consider myself lucky when I left home at seventeen and discovered the hard way that there was no great demand for a black teenage dropout with no experience and no skill. In retrospect, however,...Idols of Crowds
To find anything comparable to crowds’ euphoric reactions to Obama, you would have to go back to old newsreels of German crowds in the 1930s, with their adulation of their fuehrer, Adolf Hitler.
Just Pay for CEOs: Why Some CEOs Deserve Huge Salaries
Capitalism–even semi- capitalism–punishes the wasteful expenditure of funds on anything, including on executive salaries.