The cover of the latest Business 2.0, one of the few surviving techie-financial magazines of the go-go 1990s, issues a dire warning: "Why This Tech Bubble Is About to Blow," screams the headline. And the subhead: "Wall Street Is Doing It Again . . . Save Yourself!"...
POLITICS
The basic and crucial political issue of our age is: capitalism versus socialism, or freedom versus statism. For decades, this issue has been silenced, suppressed, evaded, and hidden under the foggy, undefined rubber-terms of “conservatism” and “liberalism” which had lost their original meaning and could be stretched to mean all things to all men. – AYN RAND
The Flat Tax Makes a Comeback
The flat tax is making a comeback. After being banished to the political wilderness after Steve Forbes made it the central issue of his losing campaign for the Republican presidential nomination in 1996, interest is perking up again. One of the Democrats running for...
Man
Weak and puny, small and frail, Helpless he with tooth or nail, In a world of fang and claw Where sheer power makes the law. INto battle he had gone With the shaggy mastodon, With the cruel beasts of prey Snarling in their lust to slay, Thirsting for the taste of...
Gulag: Understanding the Magnitude of What Happened
by Anne Applebaum - Anne Applebaum is a columnist and member of the editorial board of The Washington Post. I am very delighted to be here--for a number of reasons, but mostly because Heritage was one of the organizations that continued to say what was wrong with...
Commerce Clause Abuse: How Congress Circumvents Both the Letter and Spirit of the Constitution
Several weeks ago, under the title "Is It Permissible?" I discussed how Congress systematically abuses the Constitution's "welfare clause" to control our lives in ways that would have been an abomination to the Framers. Quite a few readers pointed to my omission of...
‘Living Wage’ Kills Jobs
Give credit where credit is due. The political left is great with words. Conservatives have never been able to come up with such seductive phrases as the left mass produces. While conservatives may talk about a need for "judicial restraint," liberals cry out for...
The Absurdities Underlying Multiculturalism
What I celebrate as a source of pride and self-esteem is the fact that I have brown eyes. You say, "Williams, that goes to prove what we've been saying all along. You're a lunatic! Is having brown eyes some kind of accomplishment?" Such a response is proof positive...
Radical Islam’s Assault on Human Life
The monstrous attacks on New York and Washington on September 11 shocked, saddened, and angered all Americans as well as the rest of the Western world. Some causes of this tragedy have already been identified: poor intelligence; inadequate airport and airplane...
It’s The Tax Cuts Stupid!
Stock market punditry is a tough game, and victories are few and far between even for the best of us. So when a victory comes along, you do a victory lap. The third quarter's gross-domestic product growth rate of 7.2% was a big victory. Representing the biggest...
George W. Hoover?
The Great Depression remains the central economic event in American history. Even today, politicians invoke its memory. For example, Democrats routinely accuse George W. Bush of having economic policies like those of Herbert Hoover, on whose watch the depression...
Lift the Cuban Travel Ban, Help the Dictator Castro
Members of Congress who want to lift the U.S. ban on travel to Cuba -- and there are many -- aren't motivated by a desire to help its infamous dictator Fidel Castro. They simply want to stop "imposing limits on the American people's right to travel," in the words of...
Achievements and Their Causes
In this age of specialization, experts are said to know more and more about less and less. There are undoubtedly specialists who can tell you more than you ever wanted to know about toenails or toads. However, the grand study of sweeping events has not died out...
Don’t Penalize Companies for Investing in America
Our tax code has many ridiculous features, but the booby prize may belong to a provision that discourages companies from investing profits in America and instead encourages them to keep money overseas. It's a 35 percent tax penalty imposed on American companies that...
Exploiting the Effects of Emotions on the Capital Markets
The late Benjamin Graham -- erudite classicist, mentor to Warren Buffett, highly successful investor and probably the greatest financial mind of the 20th century -- said it best: "The investor's chief problem -- and even his worst enemy -- is likely to be himself."...
A Boy’s Life or Death
James Long jumped out of bed and into his clothes. While rushing from his tiny bedroom plastered with photos of Steve Jobs, Bill Gates and King's Quest, he grabbed a bag of computer disks off his work desk. James was 13, black and a young man in a hurry. He flew...
Petty Annoyances
People think runaway government is the only thing that bothers me, but there're some minor nuisances that bother me as well. Chief among them are people's seeming inability to differentiate between the number zero and the letter "o" in conversation - even telephone...
Why Not?
Why shouldn't the soul of a mortal be proud? Life goes, it is true, like a swift-flying cloud But while it is going and ere he has died A man may do many things worthy of pride The high and the humble, the meek and the brave, Are all of them destined in time for the...
Legalizing the Illegals
Many Americans are concerned because millions of illegal immigrants enter this country and little seems to be done to stop them. But California Congresswoman Nancy Pelosi, leader of the Democrats in the House of Representatives, is upset because now something is being...
Lessons from Adam Smith: Private Interest Public Good
Adam Smith, author of "The Wealth of Nations" (1776) and popularizer of modern economics said about people in general and businessmen in particular, "By pursuing his own interest he frequently promotes that of society more effectually than when he really intends to...
The Market’s “Retarded Potential”
For the last several weeks, the expression "retarded potential" has been rattling around in my head, without having any idea what it means. So I Googled it, and it turns out that it has something or other to do with the physics of electromagnetism. Lots of equations...
Deadly Denial of Muslim Anti-Semitism
The prime minister of Malaysia, Mahathir Mohamad, informed the world this month, among other things, that "Jews rule this world by proxy. They get others to fight and die for them." Condoleezza Rice, the U.S. national security adviser, described Mahathir's comments as...
The PEG Ratio: A Winning Factor in Investing
Time, as I exhort young investors, is the single most important factor in stock market success. But you can own a stock for 100 years and, if it doesn't increase its profits at a nice annual clip, you've got a depleting asset on your hands. The winning formula is time...
Spinning Education
You want to know what liberal bias and media spin are? Try a headline in the San Francisco Chronicle of October 25th: "California School Rankings Improve." According to education officials quoted in the story, an "unprecedented rise" in test scores has been achieved...
Who’s Guarding our Military Equipment?
On Oct. 3, an illegal alien truck driver from Canada was caught hauling a shipment of Humvees into northern Maine. They weren't just any Humvees. They were U.S. military Humvees scheduled for delivery from the Texas Army National Guard in Houston to the Maine National...
Will President Bush Let Congress Increase Taxes?
In a recent column, I predicted that President Bush will likely be forced into a budget deal involving higher taxes sometime after next year's election because of rising interest rates. Some of my friends thought I was endorsing such an action. I was not. But my...
A Plea to Grandparents: Just Say No To Prescription Drug Subsidies
Today's seniors are at the center of the most profound health care legislation since the Clinton health care plan: expansion of Medicare to grant prescription drug subsidies to people over 65. One might ask why, with the nation at war following the worst attack in...
The Politics of Judicial Nominees: Justice Janice Rogers Brown and Justice Clarence Thomas
A racist cartoon, linking Janice Rogers Brown with Justice Clarence Thomas, Colin Powell and Condoleezza Rice, was on display at the Senate Judiciary Committee's confirmation hearings on Justice Brown's nomination to the federal Court of Appeals in Washington....
No Excuses: Closing the Racial Gap in Learning, Part II
Last week's column discussed parts of Abigail and Stephen Thernstrom's new book, "No Excuses: Closing the Racial Gap in Learning." It's a gap that finds the average black high-school graduate having achieved only what the average white youngster has achieved by the...
Who Hates Israel Now?
Three years after the Palestinians' violent response to the most generous and practical proposal by an Israeli government to end the decades-long conflict, hatred directed at Israel as a Jewish State has never been as extreme. From paeans to homicide bombings by...
Princeton: Lots of Money, Little Return
Caveat Emptor. Let the buyer beware. These have always been sensible words when shopping for a car. But these days, sadly, they also apply to charitable giving.Consider the case of William Robertson, who is suing his alma mater, Princeton University, over the school's...
Limbaugh’s Contradictions
Q: Dr. Hurd, I am sure you heard about Rush Limbaugh's addiction and subsequent hospitalization for prescription drugs. Doesn't this show that addictive problems are a medical disease, and that Limbaugh's (and your own) emphasis on choice and self-reliance cannot...
Capitalism and the Common Man
There are some arguments so illogical that only an intellectual or politician can believe them. One of those arguments is: capitalism benefits the rich more than it benefits the 'common man.' Let's look at it. The rich have always had access to entertainment, and some...
Subscribe for free.
Latest pro-Capitalism goodness sent weekly to your email box.
No spam. Unsubscribe anytime.
