With the US stock market’s recent volatility, many investors may be wondering whether or not we are headed for another 2008-style crash where the market drops 30 to 40 percent within a few short weeks. Sensing that timing could be critical, many investors may be...
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
U.S. Government Was Morally Required To Take Out Jihadist Al-Awlaki
Anwar al-Awlaki, a desperately evil man who was linked to the 9/11 attacks (he was “spiritual adviser” to a couple of the hijackers) as well as to the Fort Hood jihad murder, the Christmas underwear jihad bombing attempt on an airplane over Detroit, and...
The Redistribution of Health
In her famous novel Atlas Shrugged, Ayn Rand identified the absurdity of placing one’s life in the hands of doctors whose lives had been throttled by socialized medicine. Socialized medicine, because of the government monopoly it imposes on both doctors and...
No Palestine State Until They Reject Jihadist Ideology
Millions around the world believe that when Palestinian Authority President Mahmoud Abbas submitted an application to the United Nations [last month] for admission of Palestine as an independent state, he was setting the stage for a new era of peace in the Middle...
An Apologist for Sharia Who Is Unfit to Be President: New Jersey Governor Chris Christie
New Jersey Gov. Chris Christie this year appointed a Muslim attorney, Sohail Mohammed, to a Superior Court judgeship in Passaic County. Mohammed was the lawyer for Mohammed Qatanani, a Muslim Brotherhood? operative who pled guilty to membership in the jihad...
The Nihilistic Revolution of "Occupy Wall Street"
CNN online reports: “Occupy Wall Street protesters might say they represent 99% of the nation, but there’s a growing number of Americans who are making it clear they are not part of the dissident crowd. They call themselves the 53%…as in the 53% of...
OWS, FDR and Obama
Paul Moreno, writing in the Wall Street Journal, recently said that Obama will follow Franklin D. Roosevelt’s reelection strategy of 1936, during the Great Depression. “Roosevelt and his advisers blamed the recession on a ‘capital strike,’...
From Woodstock to Wall Street
The hippies squatting on Wall Street have reportedly violated numerous laws, including property rights and traffic laws, and they’ve been committing various illegal and unsanitary acts, including defecation, in public. Besides disrupting traffic on the Brooklyn...
Pro-Business and Pro-Market are Not the Same
Steve Jobs reportedly warned President Barack Obama that he would not be back in the White House for a second term unless he adopted more business-friendly policies, according to a new biography of the Apple Computer co-founder. “You’re headed for a...
Beware of Floating Rates
According to US government figures, the yield on the 10-Year US Treasury note reached a record low of 1.72% last month. Thus, despite the fact that government debt has exploded at a rate of more than $1 trillion per year, and the fact that S&P recently downgraded...
A Truly Fair “Tax”
The proposals by Herman Cain and Rick Perry to streamline the tax system are certainly a step in the right direction. But neither candidate has addressed one crucial point: taxation is theft. If your neighbor broke into your home and took your money, would the purpose...
Why Mob Rule Can Be Just as Bad as Qaddafi
There are two types of dictatorship. One is rule by a dictator; the other is rule by one’s fellow man. The death of Libya’s Qaddafi is a reminder of the first. Qaddafi, like so many other one-man dictators, ruled his people with an iron fist. It’s...
Cain's 9-9-9 Plan: Raising Taxes on The "Lower Class"?
Some people criticize Herman Cain’s 9-9-9 plan for the wrong reasons. Advocates of wealth redistribution complain that it raises taxes on the lower and middle working classes. This is true. Many of them will actually have to start paying some taxes rather than...
Occupy Wall Street: It Seems that the "Have Nots" Have No Brains
The central demand of the “Occupy Wall Street” protest is, reportedly, that President Obama “ordain a Presidential Commission tasked with ending the influence money has over our representatives in Washington.” Do they mean to imply that...
Herman Cain's 9-9-9-9 Plan
Herman Cain has been gaining much traction with his 9-9-9 Plan, a bold proposal to replace our dysfunctional tax code with what could be a simpler, less invasive, and more economically stimulative alternative. While I don’t agree with the full spectrum of Mr....
Steve Jobs Entrepreneur
Suddenly, Steve Jobs is gone. And only now is his exceptional ability being fully realized. Many of us felt a sense of personal loss at the news of his death. Good tributes to him have appeared in The Wall Street Journal (Walt Mossberg), The NY Times (David Pogue),...
Licensing Professions is a Must … Right?
According to a recent book by Morris M. Kleiner, an economist at the University of Minnesota, as many as 3 out of 10 workers in the United States must now be licensed to do their jobs. No longer limited to doctors, lawyers and the like; fortune tellers, massage...
Cost Shifting in Health Care
On August 18, the Atlanta-based Eleventh Circuit Court of Appeals found the Affordable Care Act’s mandatory insurance provision unconstitutional by a vote of 2-1. The dissenting judge, Stanley Marcus, while maintaining that the mandate for Americans to buy...
Solyndra Goes Green — With Tax Dollars, That Is
Fox News online reports: “Rep. Darrell Issa, R-Calif., chairman of the House Oversight and Government Reform Committee, said Sunday that the administration’s approval of a loan guarantee for solar power company Solyndra — which went belly up shortly...
Capitalist Solutions: Resolving America's Problems
An excerpt from the Introduction to Andrew Bernstein’s forthcoming book Capitalist Solutions: A Philosophy of American Moral Dilemmas. Reprinted in Capitalism Magazine by permission of the author. To be blunt, the United States faces enormous...
Occupy Wall Street's Values Will Destroy the Middle Class
“The great thing about Occupy Wall Street is that they have brought the focus of the entire country on the middle class majority,” said George Aldro, 62, a member of Local 2325 of the United Auto Workers, as he carried the union’s blue flag over his...
Why the Republican Candidates are Such a Letdown
??You’ve heard the saying, “Actions speak louder than words.” It’s really true. People can talk a good game all they like. It’s under the stress of having to decide, and take action, that their true selves are revealed. America is in a...
Joe Biden and The Tea Party
?For a brief second in time, objective truth emerged from Joe Biden’s lips the other day. He declared that the current faltering economy “belongs to us, not Bush.” Does this make Joe Biden a terrorist? After all, it’s the same thing the Tea...
Wrong medicine for a sick economy
“Middle-class families shouldn’t pay higher taxes than millionaires and billionaires,” repeatedly proclaims President Obama, arguing for his proposed $1.5 trillion tax increase over the next 10 years. “That’s pretty straightforward....
Elizabeth Warren and the Consent of the Government
“There is nobody in this country who got rich on his own. Nobody! You built a factory out there? Good for you! But I want to be clear: You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You...
The Alternative to the Obama Disaster? "Somehow"
Imagine if government “invested” in religion the way it invests in automobiles, banking, medical care and tons of other activities and services. What do you think this would do to religion — and government? The same applies to newspapers and media,...
The Black Hole of Government Waste and Corruption
?”Washington will spend $2.6 million training Chinese prostitutes to drink more responsibly on the job.” So stated an October 2009 report written by Brian M. Riedl, a Grover M. Hermann Fellow in Federal Budgetary Affairs in the Thomas A. Roe Institute for...
Lady Gaga: Please Shut Up and Sing
Music megastar Lady Gaga is — reportedly — going to do her next album for free. Not surprisingly, Lady Gaga is also a known Obama supporter. Just what we need. Another millionaire in favor of socialism. Many of Lady Gaga’s fans are socialists just...
Altruism vs. Google
Incredibly, there’s antitrust action going on against Google. Google, which gives away its expert services! Search engines, led by Google, have revolutionized our lives. I noted this phenomenon back in 2003. It’s only 8 years ago, but it seems like a...
The Central Role of Saving and Capital Goods
As the popular philosophy of the common man sees it, human wealth and welfare are the products of the cooperation of two primordial factors: nature and human labor. All the things that enable man to live and to enjoy life are supplied either by nature or by work or by...
Even Free Speech Troubles Some People
Q. I read with interest your commentary on free speech, published at Capitalism Magazine. I am troubled by the idea of “freedom of ALL speech”. If ideas matter, and they lead to action, then perhaps speech that advocates the violation of fundamental rights...
Uncle Sam Wants You! … To Inform On Your Doctor
There was a bit of an uproar recently when the U.S. Department of Health and Human Services (HHS) announced, then withdrew, a plan to hire your fellow citizens to pose as patients seeking appointments with thousands of medical practices, using a script of false...
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