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

How To Make Medical Care Affordable

Rather than create more government subsidies, policymakers should eliminate supply-side regulations that reduce price competition and affordability.

California’s Real Elections

California’s Real Elections

Arnold Schwarzenegger has made a big splash in the media by entering the California governor's race. But the real news out of California came a few days before Arnold's political bombshell. The latest census data show -- for the first time -- that more Californians...

Africa: A Tragic Continent

Anyone who believes President Bush's Africa initiative, including sending U.S. troops to Liberia, will amount to more than a hill of beans is whistling Dixie. Maybe it's overly pessimistic, but most of Africa is a continent without much hope for its people. Let's look...

Justice Anthony Kennedy vs. Mandatory Sentencing Laws

Justice Anthony Kennedy vs. Mandatory Sentencing Laws

Justice Anthony Kennedy won an outburst of applause at a recent meeting of the American Bar Association in San Francisco when he criticized mandatory sentencing laws. "Every day in prison is much longer than any day you've ever spent," Justice Kennedy said. "A country...

Activists More to Fear than Pesticides

As public health officials consider spraying pesticides to control the mosquito-borne West Nile virus, anti-pesticide activists claim that spraying devastates birds and other wildlife. But such claims should be viewed with skepticism. It seems that West Nile virus and...

Israel Should Keep Palestinian Terrorists Locked Up

Israel's recent release of approximately 400 prisoners - including 210 members of known Arab terrorist organizations - is immoral, as those released directly threaten the lives of Israelis. Though the Palestinian Intifada officially ended -- for a brief period at...

“The New Economy”– Alive and Kicking

For the last year or two, it has been fashionable to ridicule the idea of a "New Economy," which underlay the stock market boom of the late 1990s. However, last week's productivity report shows that the New Economy is alive and kicking. The original notion of a New...

“Little Doors” For Flying Terrorists

Two questions have been left unanswered following last week's announcement by Homeland Security Department head Tom Ridge that he has temporarily suspended travel programs allowing foreigners to fly into our country without U.S. visas: Why did it take so bloody long?...

Poland is Doing the Right Things

Poland, the fifth-largest country in Europe, is not one of the first places most investors look for opportunities. But maybe it should be. I returned full of enthusiasm a few weeks ago from my first trip to Poland in 40 years. Poland's stock market is small -- a...

Road Map to More Terror in the Middle East

The US-sponsored "road map" to peace between Israel and the Palestinians is not a very challenging document. The text, which is posted at the State Department website, is only 4-1/2 pages long, and most of it is written in reasonably clear English. Anyone willing to...

Cameras in the Courtroom

Cameras in the Courtroom

It is fascinating to watch special interest groups seeking privileges for themselves in the guise of protecting the rights of other people. A recent issue of Editor & Publisher magazine -- the trade journal of newspapers -- argued for allowing the use of cameras in...

Hypocrisy, The Name is Rockefeller

Bleeding-heart liberalism for thee, but not for me. That is the expedient philosophy of the wealthy Rockefeller family. Last week, the Rockefeller rule was on full display at a little-noticed hearing in Arlington County, Va. There, Mrs. Sharon Percy Rockefeller...

Islam’s Image Problem

Americans are increasingly negative about Islam and Muslims - or so found an important survey that the Pew Research Center for the People and the Press published last week. Perhaps the most dramatic change has been the jump in Americans who find that Islam, more than...

Race Board Needed

The recent U.S. Supreme Court ruling in Grutter vs. Bollinger permits colleges to award a "plus" to black, Hispanic and American Indian student applications for admission. As sure as night follows day, we can expect racial fraud. You can bet the rent money that the...

Treason, by Ann Coulter

Treason, by Ann Coulter, is a book of great value and great danger. For Objectivists, who are immune to its horrendous philosophical claims, its integration of the political events of the last 50 years will be of great value. But the excellence of those very points...

Investors Are Terribly Myth-Guided

Lord knows where these things come from or how they get started. Another one of those emails is making the rounds -- the kind that everyone seems to get and forward on to everyone they know, so you end up getting a dozen copies of it. So maybe you've already seen this...

Peers and Pied Pipers

Peers and Pied Pipers

Some years ago, while walking across the campus of Stanford University, I happened to encounter the late Glen Campbell, then head of the Hoover Institution, where I work. Glen was also a regent of the University of California and the regents had just made some...

Bond Markets and Interest Rates

Largely unbeknownst to the general public, the bond market has been collapsing in recent weeks. For some odd reason, the liberal media have failed to trumpet this news as proof that President Bush's economics policies have failed. It may be because the reason is...

Slavery in Our Time

If you went to public school any time in the last 20 years, you can be forgiven if you think slavery is a uniquely American and Southern experience. That belief, fueled by the political correctness movement, is dead wrong. The evil system we call slavery existed long...

Drug Industry Destruction

Last week, the House voted 324 to 101 to make it easier for Americans to import lower-priced prescription drugs sold in Canada and Europe for their own use. It rejected a more sweeping proposal to allow such imports by drug wholesalers and pharmacies. The fact of the...

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 should teach "black...

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, not...

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 your choices...

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