Revisiting the Efficient Market Hypothesis

Over the past few months, the stock market has put on one of those frequent demonstrations that show exactly why smart investors buy stocks and hold on to them — or, better yet, why they consistently buy more. The economic news has not been good, with...

Defining Market Share: A Glimpse at Reality

According to The Times of London, the city of Munich has replaced Microsoft Windows with a Linux operating system in 14,000 of its computers. This provided a glimpse of economic reality, completely contrary to the premise on which Judge Thomas Penfield Jackson...

Reducto Ad Totalitarianism

Imagine a society in which an unelected, few people, qualified for power only by their mastery of esoteric terminology and incantations, are able to dictate our everyday lives in the most minute detail–growing rich in the process by siphoning off unearned...

Cancer Cluster Bluster

Exploiting junk science is great for re-election campaign coffers. Thus, one of Sen. Hillary Clinton’s first major crusades after she took office was to whip up public health hysteria on Long Island, where some activists have blamed slightly elevated breast...

Government’s Long-Term Fiscal Imbalance

One of the hottest documents circulating around Washington today is a highly technical, statistics-laden, 131-page paper by Hoover Institution economist Michael Boskin. First reported by Jim McTague in Barron’s on June 16, it estimates that the taxation of...

Asian Americans: Guilty of Success in America

There was only one thing that disturbed me more than President Bush’s mushy comments praising socially engineered campus “diversity” this week. It was the newspaper photos and television broadcasts of militant Asian activists joining other liberal...

Saving Racism in our Universities

There was some talk recently about upcoming vacancies on the Supreme Court because some retirements were expected. However, the High Court’s decision on affirmative action suggests that there are already vacancies, even though no one has resigned. We can only...