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

Why Health Insurance in America Lacks Rationality and How To Fix It

How the government drove out the science of risk from the entire business of consumer pricing of health care insurance.

The Central Role of Saving and Capital Goods

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

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...

The American Jobs Act: An Anti-Jobs Jobs Bill

“Pass this bill now,” President Obama is repeatedly demanding, regarding his new American Jobs Act. There’s nothing new in the legislation, just more government spending, more transfers of money from “the rich” to Obama’s political...

The Broken Window

Have you ever witnessed the anger of the good shopkeeper, James B., when his careless son happened to break a square of glass? If you have been present at such a scene, you will most assuredly bear witness to the fact, that every one of the spectators, were there even...

And the Republican Solution is … What, Exactly?

Fox News online reports: "Obama's latest jobs plan calls for $130 billion in aid to state and local governments, providing either a welcome infusion of cash for those struggling with budget gaps, government layoffs and crumbling roads or merely a temporary patch for...

Is There a Right to Let Others Die?

When Republican presidential candidates who oppose socialized medicine are asked, in essence, "What will you do with a sick person -- let him die?" the answer they normally give is, "Of course not. The government requires hospitals to provide emergency care, and it...

9/11: Ten Years Later, America is Killing Itself

Today marks the tenth anniversary of the attack on the United States known as 9/11. A decade later, America is not at war with an external enemy as much as it is with itself. We live in a mixed economy, or a mixed social system. This means we are neither a free...

Obama's Speech to Congress

President Obama began his speech to Congress by saying: “The question is whether, in the face of an ongoing national crisis, we can stop the political circus and actually do something to help the economy.” In other words, “You oppose me because you...

The Rational Interest?

"The American nation needs the tonic of a serious moral adventure."Ayn Rand once referenced this quote by Herbert Croly from The New Republic in describing the roots of war.  Upon first publication, this quote was an endorsement of Wilsonian thinking at the dawn...

Sick of Democrats and Republicans? Here's a Plan

Sick of Democrats and Republicans? Here's a Plan

Q: Dr. Hurd, I know you're very critical of Obama and Republicans as well. A: The overriding goal is to privatize the economy as quickly and as thoroughly as possible. I would start by cutting spending. (1) Eliminate the Department of Education. This will save...

The Zero Growth Economy

Jobs growth is now, for the first time in American history, zero. Not a single new job was created in the American economy in the last month. Most people are understandably upset. But how upset is Obama? And how upset should people with his ideology really be? Zero...

The Psychology of Forcing Others

What drives a person to be a Big Government statist? Many motives are possible. One of them is to quiet their internal noise. What's "internal noise"? This refers to the self-talk a person wants to stop. For example, let's say a person feels guilty for what he has....

A Curse on Machines

"A curse on machines! Every year, their increasing power devotes millions of workmen to pauperism, by depriving them of work, and therefore of wages and bread. A curse on machines!" This is the cry which is raised by vulgar prejudice, and echoed in the journals. But...

The Glorious Achievement of the Tea Party Movement

It was the first two years of protest. Others had taken the initiative to start a Tea Party. We joined them and supported their efforts with our time, our work, our ideas and dollars. We helped to organize events and rallies, make signs, distribute thousands of...

Leave Us Alone Mr. Obama

No, President Obama, I don’t ask the government to make my life easier. I just want government to stop making it harder. After enduring a week of terrible news, we were blessed today with yet another speech by our President. And the only way to endure that is,...

What Is Money?

"Hateful money! Hateful money!" cried F——, the economist, despairingly, as he came from the Committee of Finance, where a project of paper money had just been discussed. "What's the matter?" I said. "What is the meaning of this sudden dislike to the most...

Obama’s Jobs Program

President Obama’s constant refrain about the government’s unprecedented levels of red ink points to “millionaires and billionaires” as the problem, not the massive amounts of waste, fraud and inefficiency in government operations. Remember when a million per mile...

Whose American Dream?

Maybe some of you have read an August 19, 2011 e-mail from Levana Layendecker, Communications Director of Democracy for America, with the subject "Join the movement."The opening sentence reads: "Democracy for America relies on you and the people-power of more than one...

"Progressivism" Didn't Work in the 1600s, Either

"Returning from the farce of coronation, Captain [John] Smith set himself to work to overcome the obstacles that beset the path of the man who ruled the community with intent to set the colony in the right way. Chief and most grievous was the communistic idea upon...

Obama on Leadership

Why Obama Cannot and Will Never Lead by Michael J. Hurd Ph.D. Critics are saying that Obama must display "leadership." So far, he has failed to do so, they claim. This is true enough. But what exactly is leadership? Leadership implies a direction. The person we call...

Payroll Tax and Unemployment

Payroll Tax and Unemployment

Remember when President Obama and his team promised that if only we passed an emergency “stimulus” bill allowing them to wantonly spend $787 billion, unemployment would be capped at 8%? Two years later, having soared as high as 9.8%, July’s unemployment rate stands at...

Obama the Arrogant Prince

The President and his friends in the media blame the Tea Party, who got none of the spending cuts they wanted in the phony budget "compromise," for the subsequent slide of the stock market and the growing debt crisis in the U.S. Yet it's interesting how nobody,...

Arrogance and Modesty

Is arrogance the opposite of modesty? First, we have to define "arrogance." Merriam-Webster dictionary defines arrogance as, "an attitude of superiority manifested in an overbearing manner or in presumptuous claims or assumptions." The definition I prefer is:...

Big Government or Death

Big Government or Death

On many levels, Medicare is a fraud and a hoax. So it is no surprise that the current debate, and the way the debate is reported, is not about whether Medicare delivers medical care at all, let alone its availability or quality. Many politicians value Medicare...

The Cost of Compromise

If this latest "debt deal" was anything, it was certainly everything a "compromise" had to offer. While the original cut, cap, and balance plan was at least a step in the right direction, the underlying principles motivating the bill were unfathomable to Harry Reid...

Religion Does Not Lead to Liberty

Exasperated people who favor liberty and individual rights, but who also favor separation of church and state, often say to me: "Why is this our choice? Why do we have the socialist Obama on the one side, and the religiously insane Michele Bachmann on the other? Why...

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