I’m Mad as Hell at PeopleSoft

Antitrust laws are supposed to protect us little guys, right? Think again. Here’s the story of how PeopleSoft chief executive Craig Conway is using the antitrust laws to deprive his own shareholders of the opportunity to sell their shares at the best price....

Bush or Kerry? You Bet!

I love markets. Just think of all the things they make possible. Whenever there’s a way for people to trade with each other, they always find ways to make money and reduce risk. So whenever market principles get applied in new ways, the world becomes a better...

Conversation with Nancy Reagan

Conversation at the Ronald Reagan Library, Simi Valley, Calif., Friday, Feb. 6, 2004: Larry Elder: Let me tell you what an honor this is. This is like meeting royalty. Nancy Reagan: Thank you very much. Thank you. Elder: Tell me what you consider your greatest...

Governed By Rules, Not Men

Having been deserted by her husband, my mother worked. That meant that my one-year-younger sister and I often lunched by ourselves during our pre-teen years. Being bigger and stronger than my sister, quite often there wouldn’t be a fair division of the food,...

The Brotherhood of Man

Those of us who believe in the brotherhood of man have to be able to accept the negative, as well as the positive, aspects of that belief. For example, a stupid and counterproductive idea that catches the fancy of one part of the human race in one part of the world in...

Weapons of Political Destruction

The issue of “weapons of mass destruction” is being played for all it is worth as a weapon of political destruction. In fact, it is being played for more than it is worth. The ultimate question is whether we should or should not have gone to war with the...

The Fallacy of Insider Trading

With Martha Stewart going on trial this week, it’s a perfect time to take a look at insider trading. From what I can tell, Ms. Stewart is being railroaded. And whatever the merits (or lack thereof) of the case against her, investors shouldn’t be especially...

Jumping Hurdles for Petty Bureaucrats

It is a sad but understandable fact that there are many places where the poor cannot afford to buy a house. California has the distinction of having many places where the affluent cannot afford to buy or build a house — and it is not necessarily a slam dunk for...

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