Outsourcing: Threat or Menace?

Speech by Donald L. Luskin to the Corporate Finance Council of San Diego.Tonight I’m going to be talking about the controversy over “offshore outsourcing” in the context of a book I’m writing. My book is about the intersection of the science of...

No-Cost Decision-Making

Those who imagine that collective decision-making by government officials is better than individual decision-making in a market economy should have been present at a recent meeting of the Planning Commission for the city of San Mateo, California. A man who has been...

The Curious Lack of Curiosity About WMD

“Week after week after week after week,” said Sen. Ted Kennedy, D-Mass., about President Bush’s rationale for going to war with Iraq, “we were told lie after lie after lie after lie.” Were we? Jordan recently seized 20 tons of chemicals...

What’s Left to Go Up? No Doubts About the Dow

After a year in which every stock market in the world has risen handsomely, real estate has gone through the roof, and bonds and commodities have soared as well, the witty and bearish Jim Grant, editor of Grant’s Interest Rate Observer, has titled his spring...

The “Cost” of Medical Care

If you ask most people about the cost of medical care, they may tell you how much they have to pay per visit to their doctor’s office or the monthly bill for their prescription drugs. But these are not the costs of medical care. These are the prices paid. The...

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