Love Thy Enemy

I quote from a bumpersticker I recently saw on a car covered (or I should say, littered) with anti-Iraq-war/pro-Howard Dean stickers: “When Jesus said love your enemies, he probably meant: don’t kill them.” This is undoubtedly true. Loving your...

History Refutes Rubinomics

Robert Rubin, Bill Clinton’s Treasury Secretary, is back — and he’s everywhere. He’s written a book. He’s delivered a paper before the prestigious American Economic Association. He’s giving loads of TV interviews. Among Democratic...

The Government’s Accounting Shell Game

Americans shell out more than $2 trillion each year to keep our federal government running. The least we should expect in return is honesty. Alas, Washington officials aren’t telling the truth about how much they’ve spent, are currently spending or plan to...

Expensing Options Revisited

Paul Atkins this month became the first SEC commissioner to criticize openly a proposal to require companies to treat employee stock options as current expenses. Atkins began by questioning whether the Financial Accounting Standards Board, which has aggressively...

Phony Democratic Debates

The so-called “debates” among the Democratic candidates in the primaries are not really debates — and that is a real shame. In a real debate, opponents could question each other’s statements — and there have been a lot of questionable...

Sweatshop Expoitation

Here’s a question. Suppose you see people lining up for hours, and people willing to pay a month’s salary in bribes, in order to get a $2 a day factory job. What might you conclude? Would you guess there are higher-paying jobs around, but the people are...