Why the Free Market Works

By taking a couple of courses in economic theory, we could immunize ourselves from nonsense spouted by politicians and pundits, but in the meantime check out Professor John R. Lott’s “Freedomnomics: Why the Free Market Works.” His first chapter is...

Amateurs Outdoing Professionals

When amateurs outperform professionals, there is something wrong with that profession. If ordinary people, with no medical training, could perform surgery in their kitchens with steak knives, and get results that were better than those of surgeons in hospital...

Patterns of Black Excellence in Education

Most people know the tragic state of black education today. We know that billions of dollars are spent on federal government programs such as No Child Left Behind and the billions spent by state and local governments. If you were to ask an education...

Whose “Special Interests”?

We take it for granted that a vote means a secret ballot but it was not always that way. Moreover, it will not remain that way for workers who vote on whether or not they want a labor union, if legislation sponsored by Congressional Democrats and endorsed by Senator...

Senator Obama and The Galbraith Effect?

Many years ago, when I was a college student, I took a course from John Kenneth Galbraith. On the first day of class, Professor Galbraith gave a brilliant opening lecture, after which the students gave him a standing ovation. Galbraith kept on giving brilliant opening...

A Nation of Thieves

Edgar K. Browning, professor of economics at Texas A&M University, has a new book aptly titled “Stealing from Each Other.” Its subtitle, “How the Welfare State Robs Americans of Money and Spirit,” goes to the heart of what the book is...

Bad “News”

We have forgotten so much about the immediate aftermath of the September 11, 2001 terrorist attacks that many people may not remember the deadly anthrax spores that were mailed to various prominent people in politics and in the media during that time. None of the...