The Future of the US-South Korean Alliance

The time has come to ask the question, does America’s troop commitment to South Korea make the United States more secure today or less secure? Do our ground forces with South Korea help us to defend our interests, or do they hamper our ability to pursue our...

Investing Advice for 2003

A year ago I told investors to sell technology stocks and reinvest in long-term Treasury bonds. That bet turned out very well on both sides: The tech-heavy Nasdaq 100 index is down more than 30% in 2002 while the total return for 10-year Treasurys has been about 18%...

Zoning and the The “New” Property Rights

Last Tuesday, the U.S. Court of Appeals for the District of Columbia Circuit ruled in the case of George Washington University v. District of Columbia, upholding the District’s zoning restrictions on GW’s land use. The case was by no means a landmark...

“Affirmative Action” Quotas on Trial, Part II

When the case for affirmative action in college and university admissions is argued before the Supreme Court this year, the justices are likely to hear many theories, many assertions — and little evidence. People who are for or against affirmative action are...

“Affirmative Action” Quotas on Trial

Now that the Supreme Court has agreed to rule on affirmative action in college and university admissions, will this issue be settled at long last or will the justices come up with some murky compromise, like the Bakke decision of 25 years ago, which has led to a...