POLITICS

Capitalism and the Abolition of the Welfare State (Part 4 of 10)

The savings of individuals would steadily replace taxes as the source of provision for old age.

United Nations is Guilty for the Death of its Observers

Responsibility for the death of four United Nations observers in Lebanon falls primarily on Kofi Annan and the UN–not Israel. Leaving aside the obvious question as to why these observers remained in the middle of a battle area, a totally irresponsible decision,...

Creating Unemployment

Her’s a fantastic idea that will make everybody richer. Let’s pass a law setting a minimum price on used cars. How about, say, $15,000? If you’ve got an old beater you want to sell, and you were worried that you’d only get a couple thousand...

Then and Now

Then and Now

Those of us old enough to remember World War II face many painful reminders of how things have changed in Americans’ behavior during a war. Back then, the president’s defeated opponent in the 1940 election — Wendell Wilkie — not only supported...

Pacifists versus Peace

Pacifists versus Peace

One of the many failings of our educational system is that it sends out into the world people who cannot tell rhetoric from reality. They have learned no systematic way to analyze ideas, derive their implications and test those implications against hard facts....

Hands Off My Net

The S&P 500 has more than doubled over the last 10 years — a decade in which the Internet came out of nowhere, and established itself as the technology platform of the new global economy. The Internet has been the greatest engine of economic growth the...

Western Leaders Provide Comedy to Iran’s Dictators

When the mullahs of the Islamic dictatorship of Iran are not chanting “Death to America” and “Death to Israel,” or not issuing money, weapons and orders to their global terrorist networks, or not monitoring the progress of their nuclear weapons...

The Indispensable Condition of Peace in the Middle East

As Israeli soldiers reenter Gaza and bomb Lebanon, and Israeli citizens seek shelter from Hezbollah’s missiles, the world despairingly wonders whether peace between Israel and its neighbors can ever take root. It can–but only if America reverses course. To...

Appeasing a Mortal Enemy: The U.S.-Israeli Suicide Pact

The Iran-Hamas-Hezbollah axis is fully responsible for initiating the war on Israel, but the Islamists’ aggression is the logical product of U.S.-Israeli policy. The longstanding commitment of Israel and America to “diplomatic engagement” with...

A “Cycle” of Nonsense

A “Cycle” of Nonsense

Now that Israel has responded to rocket attacks and the abduction of its soldiers by terrorists by making military strikes into areas controlled by those terrorists, much of our media are deploring another “cycle of violence” in the Middle East. For...

Israel: No Longer a Paper Tiger?

The blame for the current fighting falls entirely on Israel’s enemies, who deploy inhuman methods in the service of barbaric goals. While I wish the armed forces of Israel every success against the terrorists in Gaza and Lebanon and hope they inflict a maximum...

“Saving” What From Whom?

“Saving” What From Whom?

When conservationists talk about “saving” this and “protecting” that, a logical question might be: Saving it from whom? Protecting it from whom? And why should the government force what you want on someone else who obviously wants something...

Why Peace Eludes the Middle East

Why does peace so elude the Middle East? A recent MSNBC.com news report provides the answer: “Hezbollah [whose attacks on Israel triggered Israel’s recent retaliation in Lebanon] is an Iranian-backed militant Shiite faction which has a free hand in...

The Pretense of Knowledge

One of the great contributions of Nobel Laureate economist Friedrich Hayek was to admonish us to recognize the insurmountable limits to human knowledge. Why? Not even the brightest minds, and surely not the U.S. Congress, can ever have the knowledge to shape an...

A Victory for the Rule of Law

The Florida Supreme Court has just upheld an appellate court decision to throw out a $145 billion verdict in the case of Engle vs. Liggett Group. While the decision is being hailed as a major victory for tobacco companies, it is far more than that. The court...

Back From Vacation

Back From Vacation

There is nothing like returning home to recover from a vacation. They say traveling is broadening and that has certainly been my experience. My waistline broadens by about an inch a week when I am traveling. The most dangerous mode of travel is the automobile. Every...

Bully Boy Theodore “Teddy” Roosevelt

Bully Boy Theodore “Teddy” Roosevelt

A special issue of Time magazine celebrates the historic career of Theodore Roosevelt and the implications of his presidency for the development of American society. In the phony familiarity of our times, where you call people by their first names when you have never...

Is Patriotism Obsolete?

Is Patriotism Obsolete?

On the eve of a holiday that used to stir patriotic emotions — the Fourth of July — it has been painful to see examples of how little remains of that glue that holds a society together. Perhaps the worst of these signs of national disintegration was the...

On a Deluded America

Diana West has written a fiery op-ed that, on its face, seems to provide a well-needed antidote to the moral platitudes that are preventing America from ridding the world of savage brutes (“Deluded America,” Washington Times, June 23, 2006). Certainly the...

Undermining the Rule of Law to Lynch an Unpopular Group

America is a nation that reveres the fact that ours is “a government of laws, not of men.” Under this principle, members of government can use their power only to enforce known and clearly defined laws. As a result, we do not worry about losing our...

Why I Refuse to Celebrate Canada Day

I refuse to celebrate Canada Day (July 1st)–as a matter of principle. While I recognize Canada as one of the better countries to live in, this relative evaluation doesn’t justify the gross injustices caused by the policies of our three levels of...

Focus Investing: The Warren Buffett Way

An excerpt from The Warren Buffett Way, Second Edition by Robert G. Hagstrom. Status Quo: A Choice of Two The current state of portfolio management, as practiced by everyone else, appears to be locked into a tug-of-war between two competing strategies — active...

Multiculturalism Breeds Terrorism

On June 2, 2006, seventeen Muslims, including five juveniles, were arrested in Canada for planning major terrorist attacks on Canadian soil against innocent people. Because these were “homegrown” Islamic terrorists, blame was rightly directed towards...

Diplomacy Only Encourages North Korea’s Belligerence

After decades of chasing nuclear weapons, North Korea is on the brink of success. Worse yet, it may already have the means of mounting an attack against us. According to news reports, North Korea is about to test-fire a powerful long-range missile capable of...

Economics and Statistics

Economics and Statistics

An interesting question in economics is the proper role of statistics. Ludwig von Mises is my favourite economist, yet he held that statistics have no valid role in formulating or validating economic theory. It’s interesting to explore his reasons. First, Mises...

“Market Failure” Doesn’t Exist

In a recent column in Canada’s National Post (June 10, 2006), “economist” and author Mark Jaccard of Simon Fraser University argued that (alleged) manmade global warming represents a “market failure” that must be corrected by government...

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