You may know Jim Jubak from his frequent appearances on CNBC. Jubak, the senior markets editor at MSN Money, holds a core investing principle: the conventional wisdom is always wrong. Suffice it to say that this guy has an independent streak, which is a great virtue...
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
Diversity vs. “Diversity”
Sometimes it seems as if "diversity" is going to replace "the" as the most often used word in the English language. Yet the place where this word has become a holy grail -- academia -- shows less tolerance for genuine diversity of viewpoints than any other American...
Zero Tolerance for Red Cross Moochers…and Government Looters
Hold the Red Cross accountable! The headlines seemed unmerciful. Red Cross CEO Bernadine Healy, on the job only two years, suddenly announced her retirement. According to the Los Angeles Times, "Healy resigned ... saying she had been forced out by her board over...
Bill Clinton’s anti-American speech at Georgetown University
Nothing is an outrage when the reigning fad is being non-judgmental. So perhaps it is not surprising that there has been no nationwide chorus of condemnation of Bill Clinton's anti-American speech at Georgetown University. According to the former president, America is...
On Shovels, Caterpillars, and the Capital Gains Tax
I live up a narrow, one-lane private road that winds up a steep, wooded canyon in Northern California. A couple years ago, during the El Nino winter that dropped record rains here, a side of the canyon collapsed and a massive mudslide closed the road. Heading uphill...
U.S. Kids Speak on the War
Why did 19 Islamic extremist terrorists attack America on Sept. 11, 2001? Why do so many hate America? Here's how some American children answered those questions. Josh, age 12: "I just think (Osama bin Laden) needs to find something a little bit like the Nazis did,...
Paul Krugman: Another Ivy League Pseudo-Economist
Like one of those football mascots -- a poor, sweaty guy dressed up in a giant fuzzy costume of a shark or an eagle (or whatever his team's symbol is) -- Paul Krugman is dancing and clowning around in the field and among the fans trying to whip up martial enthusiasm,...
Unfinished Civil Rights Agenda
When the NAACP, Urban League and black politicians talk about civil rights, they talk mostly about how many blacks are in college, the racial composition of schools and neighborhoods or the number of blacks employed in what positions. The Institute for Justice has...
Disband the Coalition
They tell us not to bombard the Taliban too severely--because its "moderate" factions need to become part of any new Afghan government. They urge us to cease military action during the month of Ramadan--giving the killers further opportunity to plan their next...
Elitist Contempt for American Values
College campuses are home to elitists who are out of touch with and have contempt for American values. Let's look at some of their statements after the recent terrorist attacks. Hours after the terrorist attacks, University of New Mexico History Professor Richard...
The Economics of War
National emergencies are notorious for giving free reign to bad economics. In the panic of a crisis, people grasp desperately for solutions. And thanks to generations of bad economics education, they are offered a wide range of economic errors to grasp at. The most...
No More Jury Trials for Terrorists
When American pacifists talk about seeking "justice" for terrorists, here is what they mean: More than $7 million in U.S. taxpayer funds went to lawyers who defended Mohamed Rashed Daoud Al-'Owhali, Khalfan Khamis Mohamed, Mohamed Sadeek Odeh, and Wadih El-Hage....
The Justice Department’s Unjust Monopoly
If nothing else, the Microsoft case showed how ferocious federal prosecutors can be in fighting "monopolistic predators." Let a company try to stifle competition, let it be accused of obstructing the market or blocking other companies' access to customers, and odds...
What’s Wrong with Education?
Here are some test questions. Question 1: Which of the following is equal to a quarter of a million? (a) 40,000 (b) 250,000 (c) 2,500,000 (d) 1/4,000,000 or (e) 4/1,000,000? Question 2: Martin Luther King Jr. (insert the correct choice) for the poor of all races. (a)...
Fallen Veteran of an Undeclared War
This is the story of one young American who served and died during our war on terrorism - years before we officially declared it. Jesse Nathaniel Aliganga ("Nathan" to his loved ones) was a member of the elite Marine Security Guard detachment stationed in Nairobi,...
A Tribute to Rush Limbaugh
A lot of liberals hate Rush Limbaugh -- or the caricature that they think of as Rush Limbaugh -- but even the most doctrinaire Bolshevik had to feel at least a twinge of sympathy when the nation's preeminent radio personality announced last month that he has gone...
The Child Welfare Act Versus Children
In a world where the media are ready to magnify innocuous remarks or a minor problem into a trauma or a disaster, there is remarkably little attention being paid to cruelties routinely inflicted on children by our laws and our courts. That cruelty is ripping children...
“Business” Mercantilism and Government
Adam Smith, the father of modern economics, published "The Wealth of Nations" in 1776. His laissez faire economics played a significant role in the market philosophy surrounding the founding of our nation. Leftist professors have taught generations of students that...
Too Good for Oprah
Jonathan Franzen liked it when Publishers Weekly dubbed his new novel, "The Corrections," a "masterpiece." He liked it when his publisher, Farrar, Straus & Giroux, sent advance copies of the book to reviewers with a note from the editor-in-chief calling it "one of...
The ‘Neutrality Fetish’ of American Journalism
To what do journalists covering this war owe their loyalty? The Journalism 101 answer is: to the story. But what happens when getting out the story means jeopardizing the legitimate war aims of the United States -- or the lives of American soldiers? The answer to that...
Terrorist Visas for Sale Courtesy of the INS
Attention, terrorists: Want a U.S. visa? Worried about America's so-called immigration "crackdown" in response to the 9-11 attacks? Have no fear. If you've got cash, your green card is in the bag. Last weekend, the Las Vegas Review-Journal reported that federal...
The Phony War
According to a breathless report in the morning news, American jets over the Taliban's front lines have engaged in "one of the fiercest bombardments yet, unleashing more than 15 bombs in the space of hours." Get that? A whole 15 bombs. Within hours. Is this a real war...
The Right Not to Vote
We are constantly reminded to "get out and vote." To "do our duty." And to "become part of the democratic process." These phrases sound so high and mighty, they make me want to puke red, white, and blue. Somebody get me a canvas and call the NEA. There's gotta be some...
Sports = Life
"Athletes don't contribute anything to society," some people say. These critics also paint the love of watching sports as an "escape" from life's important issues. But, at root, sports have life-and-death implications. They can provide people the moral and emotional...
Investing in Public Education: Does It Add Up?
For many years now, American students have been coming in at or near the bottom in international tests of mathematics. Meanwhile, our schools have been entertaining themselves with "new math," "fuzzy math" and everything other than old-fashioned hard-work math that...
Moochers and Looters Gather Around the Remains of the World Trade Center
Vultures and looters can always be expected in the wake of tragedies; they take advantage of increased opportunities to steal. Looters were arrested in New York -- caught stealing from shops in the rubble of the World Trade Center. The losses caused by these vultures...
More Muslim Enemies from Within
There was a venomous hatefest in the nation's capitol on Halloween night. It was hosted by Malik Zulu Shabazz of the militant New Black Panther Party. Deadly rhetorical spores of Anti-Americanism and anti-Semitism permeated the air for more than four hours. But there...
Education of Blacks in America: Do Facts Matter? Part II
The history of the education of blacks in America has become politicized to the point where it is barely recognizable as history, rather than as an arsenal of horror stories to be used in the political wars of today. Many of these horror stories are true, even if...
Don’t Give a Penny to Amtrak
"I assume I'm talking to a big fan of rail," says Michael Dukakis with a laugh. "Right?" To tell the truth, I have no strong feelings about train travel one way or another. But Dukakis, the former Massachusetts governor and now Amtrak's acting chairman, knows I am no...
Education of Blacks in America: Do Facts Matter?
Recently a young black man sent a thoughtful e-mail to me. Among his kind comments was an expression of sympathy for the racism that he thought blacks of my generation must have experienced in going through college. In reality, it is his generation of blacks who have...
A Purple Heart for Dan Rather? Not!
Will Dan Rather please shut up? The veteran teleprompter reader for CBS News wants Americans to know that when he sits behind his hollow anchor desk, he isn't just warming a chair. Rather actually fancies himself fighting on the front lines against terrorism. Under...
“Get the Hell Out of My Way!”
That's what John Galt, the individualist hero of the novel Atlas Shrugged, -- Ayn Rand's great celebration of laissez-faire capitalism -- said to the federal bureaucrats. And there's no better message to send to Washington today. That's what the market is saying in...
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