Some conservatives may be grumbling about the fact that Senate Majority Leader Tom Daschle single-handedly killed President Bush's plan to "stimulate" the flagging economy shortly before the Christmas recess. But they shouldn't. The president had made so many...
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
Alan Greenspan and Gold: Lingering Doubts?
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Books: Destructive Generation: Second Thoughts About the Sixties by Peter Collier and David Horowitz
It is hard for those who did not witness it to grasp the depths of irrationalism and violence to which our culture—-or at least its leaders—descended in the late ’60s.
Little Caesars in the Senate
A "little Caesar," before it referred to a pizza delivery mascot, used to refer to a petty official -- or gangster -- with delusions of grandeur, the type who seeks power for the pleasure of abusing it. The Enron investigation is making it clear that the Senate is...
Black on White Crime Doesn’t Matter
Where violent crime takes place between blacks and whites, the cases overwhelmingly involve a black perpetrator and a white victim.
Patriots Taxed by Taxes
American companies are incorporating into Bermuda to lower their taxes. Some people suggest that this growing trend is unpatriotic. In reality, these companies are acting in the spirit of America's original patriots. The New York Times reported1 that these companies...
Understanding “Skategate”
Skategate, international scandal! Frankly, some of us expected a few eyebrows to raise when, during a retrospective piece on the 1972 Munich Olympics, NBC referred to the terrorists who killed 11 Israeli athletes as "commandos." But we digress. Try and follow the...
In Search of…the Right Motivation?
Many people assume that they can't accomplish their goals until they have "the right motivation." They will even seek psychological help in order to establish "the right motivation" before taking any steps towards a goal. This is a mistake -- and an amazingly common...
Birth of Big Brother: How the Court deep-sixed the Tenth
Don't make the fatal mistake of believing government can't do anything right. No organization could expand to the point of commanding a budget in excess of two trillion dollars and be completely inept -- not even the bumbling bureaucracy in Washington. Although the...
Diseasing of America: Addiction Treatment Out of Control by Stanton Peele
America is suffering from an epidemic of pseudo-diseases, says psychologist Stanton Peele.
California Republican’s Choices
When California Republicans vote in next Tuesday's primary, they will face a much less difficult choice for their party's nomination for governor than they had just a few weeks ago. Until recently, liberal Republican Richard Riordan, former mayor of Los Angeles, was...
Sept 11th: Lest we Forget
Run to the grocery store this week and buy the Feb. 25, 2002, issue of People magazine. The cover photo is a special, double-paged layout that you must see. No, it's not a Victoria's Secret model shoot. No, it's not the cast of "Friends" or "Buffy the Vampire Slayer."...
Cutting Taxes Faster Would Help Everyone
The bulk of President Bush's tax cut won't take effect until at least 2004. It is scheduled to disappear in 2011. The president may have been pushed into this deal politically last year, but it was a mistake. Fortunately, in his State of the Union address, he asked...
Building Self Confidence
It was the final hockey game of a lousy season. We had won the first three games in my senior year at Salem High School, beating Danvers, Revere, and Marblehead, but had then lost the next half dozen games, five of them by a single goal. So we badly wanted to win this...
“Do the Opposite” on Taxes
Fans of the TV show "Seinfeld" will remember an episode in which perpetual loser George Costanza announces a major shift in attitude: From that point on, he will simply "do the opposite" of whatever he would normally do in any given situation. This turns into an...
Sherlock Holmes and The Case of the Missing Surplus
Even if you’re not a fan of detective stories, you may enjoy this recently discovered Sherlock Holmes story – one that few devotees of Sir Arthur Conan Doyle even knew existed. It’s called “The Case of the Missing Surplus.”
Black History Month
What is called Black History Month might more accurately be called "the sins of white people" month. The "sins" of any branch of the human race are virtually inexhaustible, but the history of blacks in America includes a lot more than the sins of white people, which...
Modern Keynesian Macroeconomics — An Assault on the Human Mind
Nearly half a century ago the popular economist John Maynard Keynes wrote, "Practical men, who believe themselves to be quite exempt from intellectual influences, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are...
The Palestinian Vision of “Peace” Means Brutal and Bloody War
On Sunday, February 3rd, Yasser Arafat published an 1,100-word op-ed column, "The Palestinian Vision of Peace," in The New York Times. In it, he wrote that the Palestinian people yearn to live "as an equal neighbor alongside Israel with peace and security for both."...
A Second Look at Social Security’s “Trust Fund”
"When it comes to waging war on terrorism, the president has our total support," says Rep. John Spratt Jr., D-S.C., a member of the House Budget Committee. "But national security and homeland security need not come at the expense of Social Security." Rep. Spratt isn't...
Prime Mover of Business: Jack Welch
Jack Welch is arguably the most famous CEO in the world. His 20-year reign as the head of General Electric brought the company from bureaucratic behemoth to dynamic and revered powerhouse. During his tenure, GE market value grew from $13 billion to $500 billion. In...
Attack U.S. and Get Paid with Taxpayer Money
A donor conference for Afghanistan convened in Tokyo last week had every appearance of being humane, moral, and sensible. Representatives from sixty governments pledged to help rebuild Afghanistan by committing at least $1.7 billion in 2002 and $10.2 billion over the...
Top Ten Myths About Campaign Finance Reform
Myth #1: "Shays-Meehan is constitutional." Any bill that attempts to "equalize" citizens' political speech through criminal and civil penalties for "excessive" or "unfair" speech violates the First Amendment, which provides in plain terms that "Congress shall make no...
Economics of Investing: Hypothesizing about the Efficient Markets Hypothesis
Over the past couple of years, events like the Internet and more recently, the Enron and Global Crossing debacles, have spurred people to reconsider the Efficient Markets Hypothesis, "EMH." For those unfamiliar with EMH, here's a brief textbook definition: prices of...
Multiculturalist Reporting: One Man’s News is Another Man’s Fiction
You may think you know what happened on Jan. 3, 2002 when Israeli Navy Seals seized the Karine A, a cargo ship carrying 50 tons of contraband Katyusha rockets, anti-tank missiles, mortars, mines, explosives, and sniper rifles. You may think the ship's captain...
The Terrorist’s Best Friend
The events of the past few weeks in Israel have offered a timeless lesson on the real cause of terrorism and the real meaning of the "peace process." The pattern of these events is crystal clear: Yasser Arafat and his Palestinian Authority have escalated their war...
Enronic Cleansing: Be Warned
I alienated some friends and clients when I e-mailed a TrendMacro Live! note last week warning of a dangerous new phase of the Enron scandal. Everyone is understandably eager to round up the bad guys and hang
Behind the Environmental Working Group
Among the political chattering classes, there's a big buzz over a tiny activist organization called the Environmental Working Group. Both liberals and conservatives, including the left-leaning New York Times editorial page and the right-leaning Wall Street Journal...
New Words for the Same Old Hustle
What would Martin Luther King Jr. have made of a recent ad last month (Jan 21) in the Boston Globe? On Page 10, to honor King's memory and legacy, a full-page ad reproduced the peroration of his unforgettable 1963 speech at the Lincoln Memorial: "I have a dream that...
Enron, Tyco, and Accounting for Conglomerates
In the wake of the Enron scandal, investors are all of a sudden focusing intensely on the integrity of corporate accounting. So self-righteous pundits and politicians are elbowing each other for space at the head of the lynch mob demanding new regulations to enforce...
Who Pays The Tariffs?
As predicted, the steel industry has bellied up to the federal concession stand for all forms of relief and favors. The emotionally charged premise is that the steel industry is vital to our defense and economic strength. This same argument was successfully used by...
Defending the rights of John Q — Dr. John Q
John Q -- a propaganda flick about an uninsured worker who forces doctors at gunpoint to treat his son -- has reinvigorated the widespread misconception that health care should be a "right." But believers in such a notion, and the politicians that pander to them,...
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