75 Years Old

Three-quarters of a century! It is hard to believe that I am that old but arithmetic is uncompromising. This means that I have lived through nearly one-third of the entire history of the United States. The changes in my life — and still more so in the life of...

Refining Your Oil Strategy

On Thursday afternoon crude oil futures hit $60 a barrel, and investors hit the panic button. Apparently $59 was fine. $60, for some reason, was a big problem. There’s nothing fundamental about $60 a barrel. There’s no reason to think that the economy will...

“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...