Europe vs. America

Things looked so clear in the immediate aftermath of 9/11, when the forces of civilization stood on one side and the barbarians on the other. The very evening after the attack, President Bush announced that “America and our friends and allies join with all those...

Capitalism and Job Safety

What is essential for safety is not bureaucratic regulation, but free, motivated human intelligence and judgment, which includes a consideration of the costs of achieving greater degrees of safety.

Dogs of the Dow

When I heard that President Bush was proposing to eliminate the double taxation of dividends, I immediately exclaimed, “Arf!” I was thinking of the Dogs of the Dow, those high-yielding blue chips that gained notoriety nearly a decade ago. If it becomes...

The “Diversity” Fig Leaf

As a justification for racial preferences, “diversity” is one of the great fig leaves of modern American academia. It first appeared in 1978 — well after affirmative action had degenerated into the practice of admitting students on the basis of...

New York Times Co. Condones Theft

Last December The Center for the Advancement of Capitalism (CAC) issued a report addressing the continuing controversy between the National Council of Women’s Organizations and the Augusta National Golf Club. CAC’s report was not meant to assess...