Gun Control Myths: The Case of England

Professor Joyce Lee Malcolm of Bentley College deserves some sort of special prize for taking on the thankless task of talking sense on a subject where nonsense is deeply entrenched and fiercely dogmatic. In her recently published book, “Guns and...

Thankful to Be American

Before the Berlin Wall came down, I worked at a supermarket where a regular customer, a refugee from Communist Yugoslavia, once told me, “In my old country, we were lucky to have small shops that sold some food; in America, we have supermarkets for toys.”...

Phony Diversity

You’ve written a tuition check, carted your son or daughter off to college, given those last minute admonitions and made those tearful good byes. For those thousands of dollars, the anguish of seeing your 17- or 18-year-old pack up and leave home for the first...

Class sizes and Academic Achievement

Election Day brought some surprises, but the fact that voters in Florida passed an amendment that would reduce class sizes in their state isn’t one of them. Naturally, most parents would rather see their children in classes with just 19 other kids and a...

Quarter One 2000 Upside Down?

When an investment celebrity like Pimco’s Bill Gross calls for Dow 5,000, we can’t help but see it as a sign of extreme investor pessimism suggesting that we must be getting near a bottom. It reminds me of the kind of thing we heard at the top in 2000...

Is Deflation Dead?

Ever since Alan Greenspan surprised the markets by lowering interest rates 50 basis points a week ago Wednesday, the financial media have been frantic with worry about deflation. Well, you heard it here first — exactly a year and a day ago in this column, on...

Real Options: A Practitioner’s Guide

AN ANALOGY-GETTING FROM HERE TO THERE Suppose you are planning to drive from Boston to Los Angeles. If you are like us, you will get a map (online from the Internet), remember that over long distances the great circle route is actually the shortest distance between...