In Defense of Ballot Initiatives

In the two-year political cycle that culminated on Election Day 2000, some 350 initiative petitions were submitted to election officials in the 24 states that permit laws to be passed at the ballot box. Of those 350, only 76 made it onto the ballot. And of those 76,...

In Praise of Hard Work

Why don’t they preach what they practice?Non-conservatives dominate the mainstream media. In the media magazine Content, a poll showed that nearly 75 percent of Republicans found a liberal bias in the media, while nearly 50 percent of Democrats found the press...

Intended Consequences

Over the years, the phrase “unintended consequences” has come up with increasing frequency, as more and more wonderful-sounding ideas have led to disastrous results. By now, you might think that people with wonderful-sounding ideas would start to question...

China’s Olympic Sized Victory

Picture this: Beneath a towering portrait of Chairman Mao, brutal Chinese dictators bask in the warm glow of international good will as the world’s top volleyball players romp across imported sand spread over Tiananmen Square — the same bloodied site where...

The Child Manipulators

On Friday (June 29, 2001), ABC news correspondent John Stossel aired a hard-hitting report challenging the environmentalist movement and suggesting that “tampering with nature” makes human life better — that such “unnatural” phenomena as...

The National Academy of Dubious Science

Imagine that you have invited a contractor to inspect your home and check for needed repairs. He tells you that, in theory, there might be a disastrous problem with the foundation. He can’t actually prove that there is a problem, he says, and there are a lot of...

Charting the Market: The Past 25 Years

Ever since I started trading and investing in the 1970s I have looked at stock charts every day. I am entirely aware of — and respectful of — the empirical and theoretical arguments against the predictive value of charting. And yet, at the same time, I...