Now we know which political party is truly the Party of the Little People. Noble Senate Democrats have come to the aid of a downtrodden woman. They are furiously passing the plate for this destitute soul, pulling out all the stops to help her get back on her feet. Who...
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
‘Civil Rights’ Versus Sports Teams Named After Indians
It is no secret that the civil rights establishment has become a parody of what was once a courageous army for racial dignity and fairness. There was a time when those who claimed to fight against prejudice confronted genuinely terrible injustice: segregated public...
Conference Report: NYU’s “ASIA: Restructuring in Action”
Last week I attended a full-day business conference "ASIA: Restructuring in Action," at NYU's Stern School of Business. There, professors and industry experts met to discuss how post-crisis Asia was progressing. We discussed macroeconomic trends, the restructuring of...
Humorless at Harvard: The Bastion of Academic Slavery
A young Harvard undergrad enraged the campus emperors of political correctness this week when he tried to tickle their funny bones. Justin Fong, a writer for the Harvard Crimson student newspaper, quickly discovered that the emperors have no clothes, no spine, and...
Stock Market: Reasons for Hope and Worry
The date was Dec. 5, 1996. The scene was the ballroom of the Washington Hilton Hotel. The speaker was Alan Greenspan, the chairman of the Federal Reserve Board, keeper of the nation's money. He had been droning on for 45 minutes with an address on the 83-year history...
Hollywood’s Celebrity Bush Bashers
Get ready for the red-carpet parade of egos. It's Oscar time again. Millions will tune in this weekend to gawk and swoon as the world's most famous actors and actresses celebrate their favorite subject -- themselves. As the night of a thousand stars approaches, what...
“Conserving” Electricity
Has anyone ever pleaded with you not to buy a Rolls Royce? The argument might go like this: So much expensive materials and so many man-hours of highly-skilled hand labor go into producing a Rolls Royce that, if everyone had one, it would drain so many resources and...
It’s A Great Day For Investing
The date was Dec. 5, 1996. The scene was the ballroom of the Washington Hilton Hotel. The speaker was Alan Greenspan, the chairman of the Federal Reserve Board, keeper of the nation's money. He had been droning on for 45 minutes with an address on the 83-year history...
Criminal vs. Immoral
Q: What is the difference between what is "immoral" and what is "criminal"? Isn't something criminal, so long as it's objectively judged, also immoral? A: If something is rationally judged criminal, then by definition it's immoral as well. For example, it's rational...
The Catch-22 of U.S. Trade
In his recent testimony before Congress, U.S. Trade Representative Robert Zoellick painted an attractive portrait of free nations "bound together by free trade."But it is a portrait marred by a little-noticed Catch-22 of U.S. trade law that hurts Americans and many...
Storm Troopers Vs. Free Speech
Despite media proclamations of "the public's right to know" and frequent invocations of the First Amendment, there has been a deafening silence from the national media over the storm trooper tactics used on college campuses against student newspapers that carried a...
Public Citizen’s Hit And Hide Attack On Bush’s Regulatory Czar
Barely moments after the Bush White House announced their decision to appoint a respected Harvard researcher to be the administration's regulatory czar at the Office of Management and Budget, the left-wing advocacy group Public Citizen produced a 130-page hit piece on...
Price Controls and the California Blackouts: An Old Problem Returns
The last time so many people were as bedeviled as the people of California are today by electrical blackouts was back in 1979, when motorists in cities across the country were lined up for hours at filling stations, waiting to get gas. Both shortages had the same...
Rolling Blackouts Hit San Diego: Brothers, You Asked For It!
"State power managers ordered rolling blackouts across California for a second straight day Tuesday, cutting off more than 125,000 customers as demand for electricity again exceeded supply. . . . The blackouts Monday struck without warning, coming in two waves that...
Bush Should End the Clinton Sponsored Appeasement of China
President Bush meets today with Qian Qichen, China's deputy prime minister and the first senior Beijing official to visit the White House since the new administration began. Uppermost on Qian's agenda is the question of arms for Taiwan, which he calls "the most...
The Australian Dollar is Down Under
The Australian Dollar, while recently sinking to 19-year lows, doesn't seem to have gotten a lot of attention. In fact, the currency has never had the sort of impact on global currency markets as the Yen, the Euro, or the Pound, and even currencies like Brazil's Real...
Why California’s Restructuring Failed
Electricity restructuring is a complicated process, in California and across the country. As California faces rolling blackouts and soaring energy prices, the consensus is growing among political activists that restructuring may have been a mistake. Particularly...
Airline Employees Should Be Free To Strike
President Bush has dictated that airline employees may not go on strike for at least two months, and maybe not at all. People like me, who have travel plans next month, should be relieved. Right? Wrong. Why the ingratitude? As much as I want to reach my destination...
Forced to Volunteer
THE TERM "LIBERAL" originally referred politically to those who wanted to liberate people -- mainly from the oppressive power of government. That is what it still means in various European countries or in Australia and New Zealand. It is the American meaning that is...
The Secret Behind Alan Greenspan’s Surprise FED Rate Cut
The Fed's surprise 50 basis point cut in the fed funds rate yesterday took the markets -- and me -- completely by surprise. And yet the stock market's reaction was strangely muted. Don't get me wrong: yesterday was great. But the rate cut probably didn't have all that...
Campaign Finance Reform: Wrong Target
SEN. JOHN MCCAIN, R-Ariz., makes a lot of political hay portraying himself as the hero for campaign finance reform and against influence-peddling. He's for restrictions on the "soft money" millions that flow into the campaign coffers of the Republican and Democratic...
America’s “Soft-Hearted,” Soft-Headed Foreign Policy
Former President Clinton has just received another fitting addition to his legacy. Two years ago, he sent U.S. troops to Kosovo to protect ethnic Albanians against attacks by Serbia. Now our troops are stuck trying to protect Macedonia against attacks by these very...
The Fallacy of America’s Education “System”
Q: How would you correct the problem of education in this country if you had complete control of the system? A: I would not seek "complete control of the system." Nor do I -- or anyone else (be it George W. Bush, Bill Clinton, the NEA, or whomever) --have the...
The Death of Jesse Dirkhising
"Jesse slowly suffocated and died." A jury heard those chilling words this week in the opening statement of a little-noticed Arkansas trial. A mother heard those heartbreaking words spoken about her 13-year-old son, Jesse Dirkhising, whom prosecutors say died at the...
Six Rules for Real Social Security Reform
President George W. Bush's support for Social Security reform, together with strong public support for allowing workers to place some of their payroll taxes in personal retirement accounts, makes it much more likely that Congress will soon consider the issue. However,...
Demonizing for Dollars
THE ONCE-POPULAR GAME SHOW "Dialing for Dollars" has its present-day counterpart in courts of law -- Demonizing for dollars. The most spectacular bonanza to come out of this process has been the hundreds of billions of dollars shared by lawyers and others, as a result...
Zimbabwe’s Mugabe: Another Left-Wing Icon Turns Murderous
Who remembers Ian Smith? Unless you are a graybeard, you may not know that Ian Smith was the (white) prime minister of Rhodesia (now Zimbabwe) when the country was a British colony. In 1964, Smith led an independence rebellion against Great Britain when it became...
Random Thoughts
Random thoughts on the passing scene: In trying to get away from the pardon scandals, Hillary Clinton has said everything except "Bill who?" After the tragic death of auto racer Dale Earnhardt, no one suggested banning the sport. Yet that is exactly what would have...
The Bellsouth Broadband Challenge
The other day, I talked about the tremendous broadband opportunity that Bellsouth has in the Atlanta area -- the opportunity to use its strengths in reliability and technical support to crush Charter Communications' cable modem business with its Fast Access DSL. But...
Enough Of Waiting In Line
How would you feel if you needed an organ transplant to keep you alive, but could not get one? How would you feel if someone you loved had to stand in line for years waiting for a transplant that might never come? Would you be willing to pay for a liver or a kidney if...
Missile Defense: Shed the ABM Straightjacket!
It's as if Secretary of Defense Donald Rumsfeld has hung out a sign at the Pentagon: From now on, U.S. missile-defense policy will be made in accordance with how things are, not with how they used to be. That's the upshot, anyway, of what the secretary said at a...
California Dreaming
There is a computer mouse that glows in the dark and the state of Michigan is sending more than 4,000 of them to businesses in California. This is to remind these businesses of the electrical blackouts that have plagued California -- and of the fact that Michigan has...
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