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
Name some of the things that make us so much better off than Americans of just a couple of generations ago. One of the most important things are new medicines that not only prolong life but leave us vigorous at ages when old folks used to sit around in rocking chairs....
From time to time, Congress passes, and the President signs a bill, that forever changes every American's life. The Medicare prescription drug coverage bill -- which President Bush has vowed to sign -- is such an event; if passed, this expansion of Medicare, like the...
For a small State, New Jersey continues to send a large delegation of mental midgets to Washington, DC to represent it. In the last election, Sen. Robert Torricelli, the man famed for leaking the name of a CIA agent, was yanked off the ticket at the last minute as the...
A month ago, Eliot L. Spitzer, New York's attorney general and the scourge of Wall Street, announced that his office had "obtained evidence of widespread illegal trading schemes that potentially cost mutual fund shareholders billions of dollars annually." The...
The California recall election and its surrounding hoopla may have confirmed the suspicions of some people in other parts of the country that Californians are crazy. But not all Californians are crazy -- just the most affluent and highly educated ones. Although the...
North Korea just announced it is using plutonium extracted from spent nuclear fuel rods to make atomic weapons. How could the United States let this happen? In 1994, when North Korea was on the brink of economic collapse, its new leader Kim Jong Il, following in his...
They say "truth will out" but sometimes it takes a long time. For more than half a century, it has been a "well-known fact" that President Franklin D. Roosevelt got us out of the Great Depression of the 1930s. That view was never pervasive among economists, and even...
Earlier this year, Microsoft Corp. (MSFT), which is roughly tied with General Electric (GE) as the most valuable company measured by market cap in the world, declared the first dividend in its 28-year history. On Sept. 12, it doubled that dividend from 8 cents a year...
According to the website of the Natural Resources Defense Council (NRDC), the Tahuamanu Rainforest of Peru is a tropical paradise that "until recently, has seen no human impacts beyond those of traditional, sustainable communities." That is, according to the NRDC,...
A month ago, I wrote about the how the Fed led Wall Street bond traders into a billion-dollar trap, by promising to keep interest rates low virtually forever, and then just weeks later, hinting that it would break the promise. You'd think "once burned, twice shy" --...
More and more today, we are inundated with foolishness masquerading as science. Psychic hotlines proliferate, politicians consult astrologers, and people reject their doctor's advice in favor of "alternative healing" dispensed by quacks. In the past, defenders of real...
ESPN Television ESPN Plaza Bristol, CT 06010 October 5, 2003 To ESPN, You forced Rush Limbaugh to resign from his job after his alleged racist comment, yet you routinely allow your other commentators to make race-related comments and champion unquestioningly what are...
If Osama bin Laden snuck into our country illegally, bought fake immigration papers and changed his name to Osmundo Ben Ladeno, could he join the U.S. military? You betcha! Last week, the Army announced that Pvt. Juan Escalante, a 19-year-old illegal alien from Mexico...
Voices on the left argue that Iraq will become a "quagmire" because of U.S. "arrogance" and "unilateralism." They are actually half-right: disaster may indeed be looming--but only because of a lack of self-assertiveness by the United States. We are inviting failure in...
Israel's proposed border fence, a necessary physical separation between a lawful nation and its homicidal neighbors, is a powerful symbol of the political gulf separating the West from the Arab world. When Israel was founded, its inhabitants established the only...
For most of our history, we followed the British system of common law, including laws dealing with tort liability. This heritage has been attacked by courts and plaintiff attorneys so much that it is barely recognizable. One such doctrine of tort liability is the...
It's hard work being a left-wing kook these days. On top of anti-globalization demonstrations and antiwar protests, there is always some new issue to organize. This month, it is "Take Back Your Time Day," scheduled for Oct. 24. Originated by the rabidly left-wing...
Some say our "War on Terror" should consist mainly of bolstering security here at home, not military action abroad. But "homeland security" is no more the answer to Islamic terrorism than smoke alarms is to arson. Fighting back-- not dodging blows-- is the chief...
It is insulting enough when the government celebrates your death by taxing away your wealth or your business. Much more damaging are the taxes on the money you need to stay alive. Medicare legislation now pending before a conference committee in Washington would...
Earlier this year President Bush risked the lives of American military personnel to end Iraq's tyrannical regime--a dictatorship that not only restricted the actions of Iraqis but also silenced them from speaking their mind. It is ironic that President Bush led...
It is one of the sad signs of our times that a furor was created because Rush Limbaugh expressed an opinion as to why a particular quarterback seemed to him to be over-rated. In his view, it was because the powers that be in professional football were anxious to have...
"Intellectual thugs," huffed Rashid Khalidi, now of Columbia University. "Cyber-stalking," whined Juan Cole of the University of Michigan. "Crude McCarthyism" sniffed David Bartram of the University of Reading. "Totalitarian" thundered Jenine Abboushi of New York...
At a dinner for local writers who gathered at the home of the president of Seton Hall University, a noted Catholic institution of higher learning, the conversation turned to terrorism and once again I was treated to the "blame America" version of what is happening in...
If you're skeptical of what businesses report as "earnings" -- their official profits -- you have a right to be. Earnings are an artifice of what are called generally accepted accounting principles, and, while GAAP earnings are universally admired, almost worshiped,...
I once argued with my former coworker about firefighters. She didn't consider them heroes, as they were widely and properly called after September 11, 2001, because on that day, like any other, "they were just doing their jobs," she said. Obviously, the firefighters...
"You will sooner or later pay for your pack of lies," read one threatening message last week to the author of The Trouble with Islam: A Wake-up Call for Honesty and Change. In that book, just released in Canada, Irshad Manji, 34, explores such usually taboo themes as...
The Census Bureau recently released its annual report on poverty in the United States. It was widely reported that the number of people officially defined as poor rose by 1.7 million, raising the poverty rate from 11.7 percent of the population to 12.1 percent. None...
Islamists who despise America have penetrated U.S. prisons, law enforcement, and armed forces.
I hate to say it, but it's looking like my technician friend Fred Goodman was right when he issued a sell signal a couple of weeks ago. Yes, earnings are surging and the economy-wide recovery is accelerating, with the technology sector leading the way. But in case you...
Most of the letters and e-mails I receive are a pleasure to read and my only regret is that I cannot answer even one-tenth of them. However, there are certain e-mails and letters that repeat the same fallacies again and again. Let me try to answer one of those...
We all can agree that having money to pay our mortgage or rent on time is very important. Since some people are spendthrifts and don't manage their money well, what about a congressional mandate whereby mortgage or rent money is deducted from our paychecks each month...
There's something terribly wrong when an American soldier overseas can't receive Scriptures in the mail, but a Muslim chaplain can preach freely among al Qaeda and Taliban enemy combatants at Guantanamo Bay. This is a story of two soldiers, one Christian, one Muslim....
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