POLITICS

How Certificate-of-Need (CON) Laws Hurt Rural Communities

Certificate-of-need (CON) laws result in fewer hospitals, fewer service providers, and fewer choices for consumers, then would occur in a free-market.

Liberal Segregationists in the Schools

Liberal Segregationists in the Schools

The spirit of George Wallace is alive and well — among left-wing zealots in some of America’s most “progressive” taxpayer-funded schools. In Oberlin, Ohio, local school board president Tony Marshall argues that only black high school teachers...

Blame Bush’s Unprincipled Foreign Policy

The 900-page Congressional report criticizing the operations of the FBI and CIA in the months prior to the September 11 attacks misses the fundamental point. Whatever incompetence on the intelligence agencies’ part, what made September 11 possible was a failure,...

Early Birds Get Returns

To invest is to defer. When you buy a company’s stock or a government agency’s bonds, you decide not to consume your cash today but to entrust it to an institution that, you hope, will produce rewards for you in the future. History shows that, if you make...

President Bush’s Secret Service Buffoons

Shame on the Secret Service. This week, it investigated renowned editorial cartoonist Michael Ramirez like he was some left-wing homeless crackpot who had sent President Bush an anthrax-laced death threat — all because Ramirez drew a provocative cartoon that was...

Measuring Wealth

Recently, I discussed new IRS data showing that the share of total income going to the richest 400 individuals has increased. However, income is an imprecise measure of well-being. That is better measured by wealth. A new study by the Federal Reserve sheds important...

Random Thoughts for July 2003

Random Thoughts for July 2003

Random thoughts on the passing scene: Have you ever heard a single hard fact to back up all the sweeping claims for the benefits of “diversity”? Some people were upset, not by Dusty Baker’s off-hand remark that races differ in their responses to hot...

Global Anti-Tobacco Treaty

When I served in the Army, the sergeant would say, “Smoke’m if you have’m.” Most of us would, too. I am still a cigar smoker. The question is—how long before some storm trooper busts in the front door to tell me I can’t smoke any...

Weapons of Political Destruction

Weapons of Political Destruction

The Vietnam War showed how dangerous it is to allow a President of the United States to lie us into armed conflict, as Lyndon Johnson did by inflating a minor incident in the Gulf of Tonkin into a means of stampeding Congress into authorizing an escalation of military...

How Did We Ever Make It Before Nanny Government?

Whenever someone says that this or that government program is absolutely necessary, I always wonder, “What did people do and how did they survive before the program?” If someone says food stamps are absolutely necessary for poor people’s survival, I...

Bush Drug Program = Republican Left

In the old days, miners brought canaries down into the tunnels to detect methane. The birds were more sensitive to the deadly gas and worked as an early warning system. When they died, it was time to get out. For conservatives, Sen. Edward Kennedy, Massachusetts...

Economics Lesson in a Kit

Who’d have thought an inanimate object could teach a lesson in economics? Yet that’s exactly what a first-aid kit did. Several kits, actually, wall-mounted cabinets in the buildings where I work. Now we’re not just talking Band-Aids and iodine here....

Is High Tech Really Back?

Is high tech really back, or are we headed for Dubble Bubble? Whitney Tilson, venerable and circumspect columnist for the Motley Fool, has no doubts: “Times like these make me sigh, hold my head in my hands, and groan, ‘How is it possible that, in less...

The NY Time’s 9-11 Scam

The New York Times — unrelenting champion of the underprivileged, mighty battler against all corporate evils, and vehement opponent of Republican tax cuts for the “rich and powerful” — lives by a far more self-serving motto: All the corporate...

Deficits, Fiscal Policy, Tax Cuts, and Inflation

Last week’s announcement that the federal budget deficit will reach $455 billion this fiscal year (which ends on Sept. 30) brought predictable denunciations from the Democratic side of the aisle. It’s not so much that Democrats care about deficits —...

gun

Pass a Law! The Evils of Toy Guns

What would you do if a seven-year-old kid walked into a store where you were working or shopping and brandished a gun and said he was robbing the place? I’d slap his rear and take him home to his mother. Liberals shake in their shoes and misplace their backbones...

Why U.S. Troops Should Not Be Sent to Liberia

President Bush should not commit any United States troops to an international peacekeeping force in Liberia. At some point in the future an international peacekeeping force could help stabilize Liberia. However, refusing United Nations Secretary General Kofi...

Who’s Rich, Part 2

Who’s Rich, Part 2

Someone once pointed out that there are at least 50 colleges that claim to be among the top 25 colleges in the country. There is a similar congestion among the 400 “richest” Americans, as shown in data recently released by the Internal Revenue Service....

Vile 9-11 Vultures

The fraud trial of Cyril Kendall begins this week in New York City. Kendall is a 52-year-old Guyanese national who has apparently used every chance he has had in America, including the September 11 attacks, to scheme and scam. He faces felony grand larceny and forgery...

A Balanced Budget Amendment: A Bad Idea

With federal budget deficits rising, pressure is on once again to enact a balanced budget amendment to the Constitution. On June 25, a discharge petition was initiated to force a vote in the House on H.J. Res. 22, the latest in a long line of legislative efforts to...

Insider Trading and Asymmetric Information

Some of us know more about some things than others, and we often exploit that advantage. I know more about my driving habits than my auto insurance company. Borrowers know more about their repayment prospects than lenders. The seller of a car knows more about the...

Who’s Rich?

Who’s Rich?

Congressman Patrick Kennedy, a Rhode Island Democrat, recently declared to fellow party members at a Washington night spot, “I don’t need Bush’s tax cut” and added that he had never worked a day in his life. A number of other rich people have...

Stocks Can Mean Cash

The stock market has been rising impressively, but practically all I hear these days are complaints about low interest rates. Readers lament that they can make only three-quarters of a point in a money-market fund such as Merrill Lynch Ready Assets, or just 1.3...

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