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.

A Dynamite Economics Department

Reporting their findings in the February 2001 Applied Economics Letters -- a British professional journal -- Professors Franklin G. Mixon Jr. and Kamal P. Upadhyaya rank economics departments in the U.S. South. The rankings are based upon faculty research...

A Patriotic Professor is Falsely Accused

A week after the Sept. 11 terrorist attacks on America, four Muslim students claimed that their public college professor called them "Nazis," "murderers" and "terrorists." The media ate up the story. Muslim activists rallied. School officials panicked. The college...

California to Punish Excellence

California to Punish Excellence

University of California Regents recently voted to change their admissions criteria. Previously, the UC system (consisting of nine universities) chose half of its incoming class primarily on test scores and grades. The admissions department selected the remainder...

A Recipe for Safer Skies?

Looks like the White House has already traded in its recently adopted motto, "Let's Roll," for a new slogan: "Let's Roll Over." With a submissive stroke of President Bush's pen, nearly 30,000 airport screeners gained lifetime public employment this week. President...

Free Dr. Kevorkian

The Michigan Court of Appeals affirmed last week the murder conviction of Dr. Jack Kevorkian, who was sentenced in 1999 to 10 to 25 years in prison. He was convicted on charges of second-degree murder in a clear-cut case of assisted suicide. Was justice done-or...

Getting Out Of Bondage

First, a confession. Nearly 20 years ago, when I was in my mid-thirties, I got a chance for the first time to manage my own tax-deferred retirement portfolio. I was confronted with the same choices as the 42 million Americans who now have 401(k) plans and the millions...

Drugs and Politics

Drugs and Politics

A tourist in New York's Greenwich Village had his portrait sketched by a sidewalk artist, who charged him $100. "That's expensive," the tourist said. "But it's a great sketch, so I'll pay it. But, really, it took you just five minutes." "Twenty years and five...

The Truth and Mr. and Ms. Clinton

The Truth and Mr. and Ms. Clinton

Oh, those Clintons! On September 17, Senator Hillary Rodham Clinton (D-New York) appeared on "Dateline NBC." Where, Dateline asked, was Chelsea on that fateful day? Senator Clinton told NBC's Jane Pauley: "She'd gone on what she thought would be a great jog. She was...

An Afghanistan Thanksgiving

This year's Thanksgiving was an unusual one. This uniquely American holiday was punctuated with a constant flow of news ... at our house, most of it courtesy of my friend Jack, an inveterate news hound ... about far-off Afghanistan. I had feared, after Sept. 11, that...

Mary Kay Ash: One of America’s Great Entrepreneurs

Mary Kay Ash, one of America's great entrepreneurs, died Thanksgiving Day at 83 in Dallas. She was 45 when she started a company (with just $5,000) to sell cosmetics through home and office demonstrations by sales reps - the best of whom were awarded pink Cadillacs....

Tears and Toughness

The victims of American Airlines Flight 587 and their families deserve our deepest sympathy and prayers. But compassion must not override vigilance. Our resolve to enforce immigration laws in the wake of Sept. 11 must not be weakened. According to the Associated...

By the Word or by the Sword

"Islam is Peace." So explained President Bush to the American public soon after the terrorist attacks of September 11. Since then, the President has gone out of his way to assure Americans that they have nothing to fear from the religion of Islam. "These acts of...

Avoiding the Next Nightmare

The United States has buried its head in the sand for too long. Despite the continued talk of unity, some in Washington -- for whatever reason -- still want to tie up or slow down America's missile defense program. Pretend for a moment it was Israel, rather than the...

Hypocrisy in Indonesia

If nothing else, give the president of Indonesia credit for impeccable timing. First, Megawati Sukarnoputri snubs Australian leader John Howard at the recent Asia-Pacific Economic Council (APEC) meeting in Shanghai, only to have her husband suffer a heart attack a few...

The Deflation Investor’s Checklist

Iconoclastic economists have been warning of deflation for almost five years, based on subtle signs that Alan Greenspan hasn't been supplying enough liquidity to meet the needs of the U.S. economy. And now -- finally -- these warnings have come true in the form of...

Washington D.C., Our No-Spine Zone

Suppose one day you meet with a security specialist to safeguard your business. They're called "For Everyone's Defense" -- FED. Fed tells you what bad things could happen and how they'll protect you from them. You say okay and sign up. Your contract provides you with...

Missile Defense: No Time for Easy Assumptions

David Halberstam, the Pulitzer Prize-winning author, has compared ballistic missile defense to the Maginot Line, the wall built after World War I to protect France from German invasion: Brilliantly constructed. Thorough to a fault. But utterly useless against the real...

Laffer’s Curveball

Arthur Laffer's op-ed piece in the Wall Street Journal (November 21, 2001) will set supply-side tongues wagging -- or more likely, supply-side teeth gnashing. The upshot is: Laffer is endorsing the idea of a 10-day federally underwritten suspension of state sales tax....

An INS Horror Story

The INS bureaucracy is a cesspool of elbow-rubbers, string-pullers, chest-puffers and cover-uppers who care more about protecting their backsides than upholding the law. Look no further than the man who currently heads the U.S. Immigration and Naturalization Service's...

The Trouble With ‘Timing’: It Doesn’t Work

In the stock market (as in much of life), the beginning of wisdom is admitting your ignorance. One of the many things you cannot know about stocks is exactly when they will go up or go down. Over the long term, stocks generally rise at a nice pace. History shows they...

Arianna Huffington is Wrong Again! Profit is a Virtue

It's tempting to accuse someone like columnist Arianna Huffington of profiting from capitalism, given the tirades she's launched at certain industries. Since she's attacking profit (alternately spelled "heinous"), I would expect she's raking in a sizable readership....

Protect Yourself Through Diversification

Warren Buffett, who was probably the greatest investor of the 20th century, is fond of quoting the salacious actress Mae West as saying, "Too much of a good thing can be wonderful." In the market, such a motto would lead you to avoid diversification and instead...

The End of the Beginning

"This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning." So declared Winston Churchill after an early allied victory in World War II. It was a reminder to his nation that the war would require many more years and a...

Contradictory Notions of Fairness

Contradictory Notions of Fairness

There was a time when Thanksgiving meant an occasion for counting our blessings. But, now that we have so many blessings that previous generations could hardly have dreamed about, we take them all for granted and are much more likely to count our grievances and the...

Saudi Arabia’s “Devotion” to the United States

To hear Prince Bandar tell it, Saudi Arabia is devoted to the United States. "Our role," the Saudi ambassador said in a CNN interview some weeks ago, "is to stand solid and shoulder-to-shoulder with our friends, the people of the United States.... In 1990, when we...

Arab World Poverty: Whose Fault?

Arab World Poverty: Whose Fault?

"I don't have the knowledge to blame a government," said Bakhtiar Khan, an Afghan man in his mid-twenties. "I don't know about politics, but for our problems I blame the world community. All humans should be equal, but we are not. You ask me who is to blame. You find...

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