POLITICS

Europe’s High Fuel Taxes: Virtue or Vice?

High oil prices and rising fuel taxes have lit an explosion of fury across the European continent, resulting in protests and blockades of depots and refineries. Following the recent oil price rise, the Europeans have finally realized what a massive burden fuel taxes...

The United Nations Wrestling Federation

Professional wrestling is the soap opera farce of sports. From the official bouts to the backroom posturing, all disputes and relationships are staged and meaningless. One can say almost the same for the United Nations, and particularly its recent Millennial Meeting,...

The “Economic Growth Causes Inflation” Myth

There’s a certain economic platitude that outrages me every time I hear it repeated by the financial press and political economists. Put simply, it’s the familiar comment that economic growth causes inflation. It has many variations, including “high...

That Which Is Seen, And That Which Is Not Seen

In the department of economy, an act, a habit, an institution, a law, gives birth not only to an effect, but to a series of effects. Of these effects, the first only is immediate; it manifests itself simultaneously with its cause — it is seen. The others unfold...

The Forgotten Man

Trades-unions adopt various devices for raising wages, and those who give their time to philanthropy are interested in these devices, and wish them success. They fix their minds entirely on the workmen for the time being in the trade, and do not take note of any other...

The Forgotten Man, Part 2

There is an almost invincible prejudice that a man who gives a dollar to a beggar is generous and kind-hearted, but that a man who refuses the beggar and puts the dollar in a savings bank is stingy and mean. The former is putting capital where it is very sure to be...

Is a “Right to Prescription Drugs” Good Medicine?

Al Gore promised to provide prescription drugs “coverage for all” American senior citizens if elected president. Republicans, afraid of not jumping on the bandwagon and missing out on the next elections, joined the Democrats, and committed to a plan that...

Bank of Japan Interest Rate Hike is a Canard

On August 11th, Japan’s central bank, the Bank of Japan (BOJ), announced its first interest rate hike in ten years. For seventeen months, the BOJ had lent money overnight to the banking system at a rate of zero; that is, no interest. Now, with the hike, it will...

The Forgotten Man (Part 1)

The type and formula of most schemes of philanthropy or humanitarianism is this: A and B put their heads together to decide what C shall be made to do for D. The radical vice of all these schemes, from a sociological point of view, is that C is not allowed a voice in...

Malaise in Malaysia

Anwar Ibrahim, Malaysia’s former deputy prime minister and former finance minister, was recently sentenced to nine years in jail after he was found guilty of sodomy. The verdict, which has been condemned by government leaders and human rights groups around the...

John McCain’s Deadly Moral Code

John McCain is not shy about expressing his moral vision for America. When he officially announced his candidacy, he said, “I run for president because I want the next generation of Americans to know the sense of pride and purpose of serving a cause greater than...

No spam. Unsubscribe anytime.