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.

Missiles Over Rockets; NMD Trumps NASA

If to govern is to choose, then President Bush made a clear choice in the budget he released two weeks ago; National Missile Defense (NMD) is a big winner, while the National Aeronautics and Space Administration (NASA) is a mild loser. In the short run, this might be...

‘Defensive’ Stocks in the NASDAQ

When Wall Street analysts talk about defensive stocks, they usually mean providers of food, tobacco, consumer goods -- things that people will buy no matter what the economy is doing. Since this seems to be the season for defensive stocks, you may be looking for...

A Dow Crash? You Ain’t Seen Nothin’ Yet

Every once in a while I like to go out on a limb with a wild prediction. And my prediction today is that the Dow will experience a major league crash in 2001. If you thought Monday was scary, in the words of Al Jolson, "You ain't seen nothin' yet." Let me take you...

Class Envy and Getting Rich Quick

Class Envy and Getting Rich Quick

It may be easier than you think to get rich quick. Let's take a fairly common situation in California. A couple buys a little square box, two-bedroom house on a modest-sized lot during the 1970s for $30,000 or $40,000. Then, over the years, they pay off their...

The Success Side of American Education

It's generally agreed that American primary, secondary and, increasingly, undergraduate education is a failure. But that assessment depends upon just what evaluation criteria is chosen. By some criteria, American education might be deemed a remarkable success. Let's...

Class Warfare and The Tax-Cut Debate

When the Berlin Wall collapsed, one would have expected the poisonous Marxist ideology of class warfare to disappear along with it. But this year's tax debate has shown the politics-of-envy is alive and well. Demagogues are vilifying President Bush's plan to lower tax...

The Willy Sutton Theory of Government

Willy Sutton, in case you are wondering, is the 1930s outlaw who achieved immortality when a reporter asked him why he robbed banks and Sutton replied, simply, "Because that's where the money is." It is an amusing reply because it so utterly misses the point, which...

Why Sharon Could Bring Peace to the Middle East

Although few know how to stop the escalating violence in the Middle East, many think they know who to blame: Israeli Prime Minister-elect Ariel Sharon. Surely, they say, the landslide election of such a hard-liner means the end of the peace process--and serves as a...

lincoln

The Racism of Reparations

Reparations advocates are not concerned with individual justice. They subscribe to the collectivist belief that individuals are merely interchangeable members of a group.

South Africa: After Apartheid

A major crusader failing is that they seldom look back to their last crusade to see how it turned out. During my several South Africa visits during its apartheid era, up to three months on one occasion, I lectured at nearly all of its universities. I had the...

Tax Cuts and Saving Social Security

Tax Cuts and Saving Social Security

Foes of President Bush's tax-cut plan are getting desperate. They haven't reached the point of claiming that tax cuts cause cancer and road rage, but they're close. Depending on the day of the week, we're told that cuts will cause inflation, encourage deficits, help...

Israel’s Deal with the Devil

The last two months have witnessed a fresh outbreak of violence in Israel and the death toll keeps rising every day. The "peace process," which started with great fanfare when Yitzhak Rabin and Yasser Arafat shook hands in front of a beaming Bill Clinton and happy...

Nader & George and Fannie & Freddie

Have pigs grown wings? Is it snowing in Hades? Ralph Nader actually said nice things about President Bush this week. The devil's tail must be blue with frostbite. In an opinion piece Nader co-authored for The Wall Street Journal on Wednesday, the standard-bearer of...

Democratic Sen. Robert Byrd, Ex-Klansman

Democratic Sen. Robert Byrd, Ex-Klansman

Ex-Klansman Robert Byrd, the senior senator from West Virginia, casually used the phrase "white nigger" twice on national TV this weekend. Enraged civil rights groups organized a protest campaign against Sen. Byrd and demanded that he undergo sensitivity training ......

Jefferson Lives: 200 Years of Peaceful Transitions

It had been a close election, so close it wasn't settled until 10 weeks after Election Day. And it was so bitter the opponents didn't speak for 11 years afterward. But when it was over, and Thomas Jefferson prevailed (on the 36th ballot in the House of...

Mom Takes On FED Chairman Alan Greenspan

From an article on CNNfn last Friday: Alan Greenspan Chairman Alan Greenspan on Friday defended the central bank's monetary policy, rejecting suggestions that the Fed helped trigger the economic slowdown because it waited too long to reduce interest rates.Greenspan,...

The Dangers of Egalitarianism

The Dangers of Egalitarianism

Any smell more subtle than ammonia or a sewage treatment plant is usually hard for me to detect. However, I happen to be able to smell gas escaping better than most people. On more than one occasion I have walked by someone's home, smelled gas and left a note on the...

Is Genetically Engineered Food Good Or Bad For You?

The shelves of our supermarkets are full of Genetically Engineered foods. From popcorn and tomatoes to beans and berries, they are all around us. Multinational corporations are investing billions of dollars on research and development of GE foods, and farmers are...

Our Inverted Budget Priorities

Five years ago, then-President Clinton stated before Congress the essence of his contradictory agenda: "The era of big government is over," he intoned, to great applause. Then he continued, "But we cannot go back to the era when people were left to fend for...

Thomas Sowell’s Civil Rights: Rhetoric or Reality

Buy Civil Rights : Rhetoric or Reality from Amazon.com In his work, Civil Rights : Rhetoric or Reality, Professor Thomas Sowell confronts the "rhetoric" of the civil rights establishment and contrasts it with the "reality" of the facts concerning American...

Merit, Money, and the Death Tax

Merit, Money, and the Death Tax

Some people may have found it an inspiring example of social conscience when various super-rich people, such as the Rockefellers, came out publicly against repealing the taxes that the federal government levies against the property left by people who have died. But it...

Backstreet Boy’s Off-Key Junk Science Crusade

If you thought the musical offerings of the Backstreet Boys were hard on the ears, wait'll you hear them croon about their political pet causes. One member of the famous pop singing group, Backstreet Boy Kevin Richardson, has established an environmental foundation...

Chips on the Dips?

You may have heard of the "chips on the dips" investment strategy. The idea is to buy stock in the major semiconductor firms whenever their shares fall more than 50 percent below their previous highs. While the computer-chip business is famously volatile, this...

Taxing the Living and the Dead

Taxing the Living and the Dead

The all-out attempt in the media to scare us away from tax cuts was epitomized by a Newsweek cover with the caption: "Bush's $1.6 trillion gamble." In other words, it is a gamble to let people keep their own money, but apparently it is safe to put that money in the...

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