Palestinians Taste a Dose of Their Own Medicine

A suicide bombing in Hadera, Israel, on October 26 that killed five people inspired the usual Palestinian joy: some 3,000 people took to the streets in celebration, chanting Allahu Akbar, calling for more suicide attacks against Israelis, and congratulating the...

How To Cure Inflation

Last month, President Bush nominated Dr. Ben S. Bernanke, currently chairman of the President’s Council of Economic Advisors, as chairman of Federal Reserve Board to replace the retiring Alan Greenspan. Alan Greenspan’s replacement comes at a time of...

Price Controls

I first became aware of the law of gravity as a small child when I pedalled by tricycle off the porch and crashed into the yard. Gravity was of course operating all along, whether I was aware of it or not. Economics is a lot like that. Many people who are completely...

Defining Gasoline Price ‘Gouging’

A newspaper headline — “Lawmakers Struggle to Define Gasoline Price ‘Gouging'” — shows how phony the current Congressional jihad against the oil companies is. “Price gouging” is one of those phrases that evoke strong emotions...

What Causes Unemployment?

Many people are blaming the riots in France on the high unemployment rate among young Muslim men living in the ghettoes around Paris and elsewhere. Some are blaming both the unemployment and the ghettoization on discrimination by the French. Plausible as these...

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