“Public” Use vs. Property Rights

In another heavy blow to property rights, the Supreme Court has ruled against the homeowners in the New London, Connecticut, eminent domain case, and further entrenched the legal principle that government can seize an individual’s property for “public...

Summer Reading

Summer vacations are used for many things. Some parents use the long summer vacation from schools and colleges to get their children to read books that are different from the steady diet of a liberal-left view of the world that they get during the school year. These...

We Are All Budweisers

Back in the days of the Hapsburg Empire, there was a town in Bohemia called Budweis. The people in that town were called Budweisers and the town had a brewery which produced beer with the same name — but different from the American Budweiser. Like many...

Why Canadians Purchase Private Health Insurance

America’s socialists advocate that we adopt a universal healthcare system like our northern neighbor Canada. Before we buy into complete socialization of our healthcare system, we might check out the Canadian Supreme Court’s June 9th ruling in Chaoulli v....

Stocks vs. Bonds: Stocks Win

Here are two investments I’d like you to consider. The first is a Treasury bond maturing in 10 years. The second is the Standard & Poor’s 500. Think you already know everything there is to know about them? Think again. Let’s start with the bond....

The Sky Isn’t Falling

A generation of investors has been converted to the gospel of equities: Stocks may rise or fall over the short term, but over many decades a diversified portfolio will be the ticket to retirement heaven. The chief prophet of this belief has been Wharton professor...

Hedges Are About to Roll

Hedge funds are the new “dumb money.” At least that’s what so many of my institutional clients are telling me. And they should know, considering they’re hedge funds themselves. Don’t get me wrong. My clients are the larger hedge funds...

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