POLITICS

What a Rational Immigration System Actually Looks Like

Americans have a rational self-interest in admitting people who will strengthen that protection and excluding people who will undermine it.

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

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...

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...

The Racism of Reparations

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.

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...

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...

Bill’s And Larry’s Continued Political Misadventures

Oral arguments in the federal government's antitrust case against Microsoft began last Monday. Anyone reading the two new books about the battle would have to conclude that the case never would have been brought without the political intervention of some powerful...

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,...

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