POLITICS

A Predictable Consequence of Trump’s Pragmatism

Despite Trump’s claims to the contrary, it was easy to predict that his arbitrary tariffs would increase prices.

The Redistribution of Health

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...

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 Americans who pay...

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,' trying to deflect public...

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 one-term...

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”

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"?

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 none at...

Herman Cain's 9-9-9-9 Plan

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. Cain's...

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

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 health...

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 after a...

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 challenges...

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 grave crisis, perhaps one...

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 Party claims. And according...

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...

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