Many simply shake their heads in confusion and disbelief at reports of peace rallies on college campuses from coast to coast. At such an unprecedented time of pro-American sentiments, and in light of the magnitude of horror of September 11, it seems almost impossible...
POLITICS
Support the Liberty Bill Act And Put the Constitution on our Dollars
Congressional office-holders take an oath that says: "I do solemnly swear that I will support and defend the Constitution of the United States against all enemies, foreign and domestic . . ." Wouldn't it be nice if the Constitution had an amendment requiring...
Health Care is a Privilege, Not an Entitlement for All
I must say that one of the best things about the Clinton presidency was that he was not able to pass his health care plan. The proposed system was nothing more than a step toward complete socialization of health care in this country, and it overlooked one simple fact:...
Two Kinds of Tax Cuts
[http://www.CapitalismMagazine.com] Politicians are considering tax relief to help a sputtering economy, but not all tax cuts are created equal. There is a vast difference between "supply-side" tax cuts and "Keynesian" tax cuts. Supply-side tax policy focuses on how...
Taxpayer Handouts in the Name of “National Security”
You'd be surprised by the newly discovered requirements for national security revealed by the Sept. 11 terrorist attack. We discovered that a thriving airline industry is necessary for national security. Congress acknowledged this by bailing out airline stockholders...
Interview: The Well Trained Mind and Homeschooling
When her daughter Susan started kindergarten in Virginia in 1972, Jessie Wise quickly heard complaints from Susan's teacher that the child would become a social misfit because she wanted to read during free time instead of playing. This was not good news for Wise,...
Education Fraud in Philadelphia
Education in Philadelphia's public schools is so rotten that the state government is threatening a takeover. There are 176 out of 264 schools on the failing list. The primary victims of Philadelphia's public schools are black students whose chances for upward mobility...
Media Fraud
Media bias is no longer news. Poll after poll has shown that the vast majority of journalists vote for Democrats, even though the country as a whole is pretty evenly split between the two major parties. By itself, there is nothing wrong with this. It becomes a problem...
Therapeutic Cloning is Pro-Life
On November 25 Advanced Cell Technologies announced the creation of the first cloned human embryo. The company described its achievement as a crucial step in therapeutic cloning research, which aims at cloning new organs to replace damaged ones. Like healthy new skin...
Stupid Accounting Tricks: Pro Forma Accounting, Part 3
Well, I just can't seem to get away from this subject. You all keep writing, and in doing so, engender material for follow up columns. Hopefully, this will be the last for a while, but a couple of letters bought up important points that I wanted to address today.The...
Israel May Be Winning
Secretary of State Colin L. Powell recently observed that the Palestinians "need to understand that [terrorism] leads nowhere," and on this basis he urged them to stop their violence against Israelis. Good policy advice, but does the Palestinian use of violence truly...
Deflation: The Good, The Bad and The Ugly
This commentary continues a series intended to address some of the misconceptions in the flurry of recent media reports about deflation. My last commentary ("Deflation: The Basics") began by defining deflation as strictly a monetary process, and one that is solely in...
A Palestinian Education
Last month, retired Marine General Anthony Zinni began a visit to Israel and the Palestinian Authority, the latest in a depressingly long line of US envoys sent to nudge along the Israeli-Arab "peace process." Zinni's mission, it is safe to say, will achieve what all...
Stupid Accounting Tricks: Managing Earnings, Part 2
I received so much feedback on my column (Stupid Accounting Tricks) that I thought I would respond en masse today and elaborate a bit on the subjects of pro forma accounting and managing earnings. First, the title of my column "Stupid Accounting Tricks" offended some....
The Military Draft and Draft Registration Versus Freedom
No organization has done more for the federal government than al Qaeda. What other group could free it of so much restraint? Our elected officials swear to support and defend the U. S. Constitution as part of their oath of office. We, the people, through the...
Ending the “Peace Process War”
When Yasser Arafat unleashed his intifada against Israel last year, I named it the "Peace Process War." I wanted to capture the irony of mob violence and bombings as the culmination of seven years of an alleged "peace process." I did not realize, at the time, how...
Phony Victims of Freedom in Academia
One of the most shameless frauds in academia today is the claim that a new "McCarthyism" is threatening academic freedom. According to this new cry of victimhood, conservative groups are "drawing up enemy lists" of professors who are opposed to the current war against...
Deflation: The Basics
Deflation is not falling prices. Deflation is not economic contraction. Deflation is when the Fed screws up. The idea of deflation has gotten more play in the press over the last two weeks than it has over the last ten years -- thanks to unusual negative readings in...
Stupid Accounting Tricks: Extreme and Foundry By the Real Numbers
Remember back in high school algebra when you were first introduced to the concept of imaginary numbers? That's a good way to describe quarterly earnings reports these days -- as imaginary numbers. In the old days, when a company reported quarterly earnings, you had a...
Hostile Fire from Eco-“Extremists”
Which is more important: Well-trained Navy pilots or well-rested toads? Increased military preparedness or increased antelope populations? Improved bombing facilities or improved fairy shrimp habitats? The choice of environmental "extremists", no-growth activists and...
Where Were You on December 7, 1941?
Because of the September 11 terrorist attacks, December 7, 2001, the 60th anniversary of Pearl Harbor, became especially significant. Many children never bothered to ask their parents and grandparents, "Where were you on December 7, 1941?" -- the date that will "live...
Enron and Social Security Reform II
Today I'm going to revisit a theme that I believe is the most important of all -- the revolution in the empowerment of the individual investor to make his own decisions and take his own risks. It's critical that we look at this now, because with the recent volatility...
Enron and Social Security Reform
Everyone with an axe to grind is using the example of Enron to grind free markets. And Paul Krugman is doing no less in a December 4, 2001, New York Times op-ed, "A Defining Issue." Krugman is using Enron to demonstrate the terrible dangers of "defined contribution"...
What is Economics?
To know what economics is, we must first know what an economy is. Perhaps most of us think of an economy as a system for the production and distribution of the goods and services we use in everyday life. That is true as far as it goes, but it does not go far enough....
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