Deflation

What needs to be realized is that there are two distinct causes of generally falling prices. One is the increase in production and supply, which should never, never be confused with deflation, depression, or poverty. The other is a decrease in the quantity of money and or volume of spending in the economic system.

The East Coast Blackout

The East Coast blackout seemed to be straight out Atlas Shrugged: 60 million people without electricity and the official reaction was that things worked like they were supposed to! I just had to verify that the New York Times editorial on the subject was a call for...

Myth of the Muslim Hate Crime Epidemic

Do you believe that a “post-September 11 backlash” has resulted in a nationwide wave of violence and bigotry against Muslims in America? The hype artists and book-cookers at the Arab-American Anti-Discrimination Committee (ADC) want you to think so. The...

A Nation of “Hamburger-Flippers”?

Everybody seems to be worried about manufacturing these days. All the Democratic presidential candidates condemn the practice of “outsourcing” — laying off manufacturing workers and buying their output more cheaply from China. This is not surprising,...

The Interest Rate Boogeyman

We’re facing an important inflection point in the stock market. And as always happens at such critical times, investors are likely to get bamboozled by misinformation that they get from the mainstream media. I’m going to try to straighten some of that out....

Gone Fishin’ — Guilt Free

My sun-toasted toddler sits on a weathered dock, clutching her pink Barbie fishing pole with grown-up gravitas. Her pigtails bounce as she dangles her bare feet above the deep emerald lake, where her cherry red-and-white bobber waltzes in sync. She takes a swig from...

California’s Real Elections

Arnold Schwarzenegger has made a big splash in the media by entering the California governor’s race. But the real news out of California came a few days before Arnold’s political bombshell. The latest census data show — for the first time —...

Africa: A Tragic Continent

Anyone who believes President Bush’s Africa initiative, including sending U.S. troops to Liberia, will amount to more than a hill of beans is whistling Dixie. Maybe it’s overly pessimistic, but most of Africa is a continent without much hope for its...