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.

The Fundamental Cause of Today’s Social Ills

So philosopher Mark Kingwell [Re: Burgled in the World's Best Country, National Post, July 12, 2000] believes that the cause of social ills like "crime and riots and beggars on the street" is the envy created by people experiencing poverty? Leaving aside all the...

Why I Won’t Celebrate Canada Day This July

This year I will not celebrate Canada Day -- as a matter of principle. I fully recognize Canada as being one of the best places to live in the world -- but that relative assessment doesn't justify the injustices perpetrated by our federal and provincial governments....

Pirates of the Internet

Pirates of the Internet

For years, lawyers representing Silicon Valley were rightly emphasizing the importance of intellectual property rights.Such rights were the major issue in the final Uraguay round of GATT meetings. At that time, trade negotiators warned that American companies and...

Summer of Hypocrites

Summer of Hypocrites

Summer is here, and again we awaken to the smell of magnolias, honeysuckle and hypocrisy. Anti-gunner Rosie O'Donnell certainly deserves whatever personal protection she deems necessary. She fears for her child's safety and thus hired a bodyguard to accompany him. But...

Who Is The World Health Organization Trying To Fool?

On June 21st, the World Health Organization published The World Health Report 2000. The most remarkable fact about the report does not concern its results, but rather the underlying premises that guide the organization and that led to such results. The results of the...

Hong Kong’s Contradictory Property Policies

Once again, the Hong Kong government has swung from manic to depressive over its property market. A few years ago, in an attempt to gain popularity with the poor, the government reacted to high property prices by promising more government housing programs and more...

Shays’ Rebellion and the Spirit of Freedom

In 1786 New England farmers, oppressed by taxation, launched a series of rebellions against state authorities. Beginning with popular protests at town meetings, the demonstrations spread to local courthouses and legislatures. The statehouse in Hew Hampshire was...

Let’s Kill the Death Tax

On June 9th, by a majority of two thirds, Congress representatives voted to repeal the federal estate tax. The most impressive thing, however, was to hear arguments for the repeal being advanced on moral grounds. It seems that at least some politicians grasped the...

Krugman’s Green Cheese is All Rotten

I read a most outrageous article in last Sunday's New York Times written by Paul Krugman, the Times' Keynesian economist in residence. (Available with free registration) Entitled "Green Cheese Rules," the article was inspired by a theory proposed by the famous...

The Good Times of Johnnie L. Cochran

The Good Times of Johnnie L. Cochran

Look in the dictionary, under the word "gall." You might find a picture of defense attorney Johnnie L. Cochran. If it doesn't appear, it should. June 12, 2000, marks the sixth anniversary of the murders of Nicole Brown Simpson and Ronald Goldman. On "Larry King Live,"...

An Open Letter to Bill Gates

The Justice Department committed a grave injustice against you, Bill Gates. Your crime was to be too ambitious and too successful in a society riddled with envy. You were condemned for your ability, which made you stand out from the crowd.The wealth you own is the...

On China: Put your money where your mouth is

Over the last month, we heard numerous discussions about whether granting Permanent Normal Trading Relations (PNTR) to China, in preparation for its entry into the World Trade Organization (WTO), was a good thing or a bad thing. Most who opposed the bill suggested...

“Gender Gap Solution”: Fire The Men!

“Gender Gap Solution”: Fire The Men!

Fire the Men! The government repeatedly informs us that women remain oppressed in the workforce, earning "only" 76.5 cents on the dollar compared with men doing the "same" work. "Wage discrimination," says Labor Secretary Alexis M. Herman, "remains an unfortunate...

Mission Impossible: Shaming a Victicrat

Mission Impossible: Shaming a Victicrat

"Don't they have any shame?" thundered Robert De Niro to Congress in "Guilty by Suspicion," a movie about the Hollywood Blacklist. But toe-tag -- don't-confuse-me-with-the-facts -- liberals show absolutely no shame, regret, or remorse, even when proven wrong. Some...

The New Era Nikkei Falls Flat

Last month, the formulators of the Nikkei 225 attempted to update the index in order to reflect the growth of the high-tech sector in the Japanese economy. While editors at the Nihon Keizai newspaper were operating on the belief that the index had become increasingly...

Greenspan, Interest Rates & Inflation

What do low interest rates have to do with causing the government to inflate the money supply?The link between Fed-manipulated interest rates and the money supply is a direct, causal one. The interest rate in question is the 'Fed Funds rate'. This is the rate that...

Read their lips Hong Kong: “New taxes!”

For the sixth year in a row, Hong Kong has been named the world's freest economy in the Heritage Foundation's annual "Index of Economic Freedom." One of the reasons for this is its low taxes, and what the Hong Kong government boasts on its web site is a "simple and...

Andrew Bernstein on Heroism and Hero Worship

"The essence of heroism is an unbreached and unbreachable allegiance to the good in the face of any possible form of opposition"--Dr Andrew Bernstein Prodos for Capitalism Magazine: What do these people have in common? Galileo, Thomas Jefferson, Cyrano de Bergerac,...

13 Reasons for the NASDAQ Crash

After the NASDAQ Composite Index slid 33% from March 27th to its dramatic one-day decline on April 14th, most people weren't sure what had happened - or why it happened. The financial press was in an uproar trying to make sense of everything, and even now, dozens of...

Police Scandal: Overreaction Equals Anarchy

Police Scandal: Overreaction Equals Anarchy

"They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." Ben Franklin's statement remains true today. But the absence of rule of law produces anarchy. In the most far-reaching corruption scandal in its history,...

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