POLITICS

Trump’s Fantasy World

Producers are forced to trade on terms Trump dictates rather than terms of their own choosing.

The Flagellation of the Pursuit of Happiness

The Flagellation of the Pursuit of Happiness

Krugman and his ilk actually care nothing whatever for the welfare of the poor. For them the suffering of the poor is merely a weapon with which to beat down the aspirations and success of the rich, which alone can elevate the poor.

Notes on the Near Eastern Legacy of Islam

I just finished teaching an undergraduate university class on the Ancient Near East: 15 weeks on Ancient Mesopotamia and Egypt. I read as many original documents and modern histories–and looked at as much art–as I had time to do. I became intrigued by the...

Preserving a Vision–at the Expense of the Facts

Preserving a Vision–at the Expense of the Facts

Despite the warm glow of self-satisfaction that the liberal vision confers on liberals, ugly facts keep intruding to undermine that vision. Some liberals eventually jump ship and defect to conservatism when the facts keep piling up too high to ignore.* This takes...

The “Trickle Down” Left: Preserving a Vision

The “Trickle Down” Left: Preserving a Vision

The New York Times of May 21 featured estimates of how much revenue the federal government is losing as a result of tax cuts, more than $50 billion over a five-year period. Meanwhile, a front-page story in the Wall Street Journal reported the government as receiving...

The “Progressive Era”: Preserving a Vision

The “Progressive Era”: Preserving a Vision

In Shelby Steele’s new book, “White Guilt,” he mentions an encounter with a white liberal who fiercely defended the welfare state programs and policies of the 1960s. “Damn it, we saved this country!” he all but shouted. “This...

“Gloom and Doom” Media Hype: Preserving a Vision

“Gloom and Doom” Media Hype: Preserving a Vision

Conservatives who point out the declining audience for the big television network newscasts, and declining public trust of the media in general, often under-estimate how much clout the liberal media still have. For example, while the economy has had near-record highs...

The Sorry State of Our Union

The Sorry State of Our Union

There is simply no way for a Congressman to read and understand the torrent of legislation that is proposed in every session of Congress. It is simply too vast.

A Latticework of Mental Models

Excerpt from Chapter I of “Investing: The Last Liberal Art” by Robert G. Hagstrom In April 1994, at the Marshall School of Business of the University of Southern California, students in Dr. Guilford Babcock’s Student Investment Seminar got a rare...

Memorial Day: What We Owe Our Soldiers

Every Memorial Day, we pay tribute to the American men and women who have died in combat. With speeches and solemn ceremonies, we recognize their courage and valor. But one fact goes unacknowledged in our Memorial Day tributes: all too many of our soldiers have died...

Washington’s Pro-Hamas Foreign Policy

America’s policy of backing “land for peace” deals in the Israeli-Palestinian conflict was supposed to stop Palestinian terrorism and culminate in a Palestinian state coexisting with Israel “side by side in peace and security.” But after...

The Little Dictators

America is the land in which productive individuals were largely set free of the coercive power of the government. The result was the most prosperous nation the world has ever seen. But, over the past two generations, our freedom has been subordinated, in myriad ways,...

The Solution to Ilegal Immigration

The Solution to Ilegal Immigration

I didn’t hear the President’s immigration speech, but I must comment on one paragraph I’ve read:   “We’re a nation of laws, and we must enforce our laws. We’re also a nation of immigrants, and we must uphold that tradition,...

Global Warming: The Other Side of the Story

“Oceans lash our coasts. Deserts Burn. The sky provides no shelter. Turmoil of Biblical proportions threatens not just our weather but life itself. Global Warming is upon us.” Those words aren’t from the preview trailer of the silly, overblown, over...

Tribute to Iran

The High Muckety-Muck (HMM) of Iran sent President Bush an 18 page letter this week, doubtless with very tiny writing, in which he wrote: Liberalism and Western style democracy have not been able to help realize the ideals of humanity. Today these two concepts have...

The Biggest Scandal in the Duke University Rape Case

The Biggest Scandal in the Duke University Rape Case

The worst thing said in the case involving rape charges against Duke University students was not said by either the prosecutor or the defense attorneys, or even by any of the accusers or the accused. It was said by a student at North Carolina Central University, a...

The Terrorists’ Motivation: Islam

The continued attacks by Islamic terrorists against the West have led many to ask, what is the motivation of the terrorists? Commentators are eager to offer a bevy of pseudo-explanations–poverty, the Israeli-Palestinian conflict, etc.–while ignoring the...

The Da Vinci Code

Dan Brown’s novel of Catholic Church intrique and Christian mystery has been turned into a major hollywood production starring Tom Hanks among others set for release this month. While the plot of the story, that the catholic church covered up the bloodline of...

The Missed Debate Over ‘Price-Gouging’

Investor’s Business Daily recently ran an interesting editorial on the price-gouging legislation before Congress. The following is an excerpt: To an economist, there’s no such thing as “gouging” in a market that is free and efficient, and the...

The Economics of Caring vs. Uncaring

George Orwell admonished, “Sometimes the first duty of intelligent men is the restatement of the obvious.” That’s what I want to do — talk about the obvious, starting with the question: What human motivation leads to the most wonderful things...

Thinking About Gas Prices

Thinking About Gas Prices

Amid all the hysteria among politicians and in the media over rising gasoline prices, and all the outraged indignation about oil company profits and their executives’ high pay and lavish perks, has anybody bothered to even estimate how much effect any of this...

Tabloid TV “Justice”

Tabloid TV “Justice”

Whether Zacarias Moussaoui received the death penalty or life imprisonment was never a big issue for me. What was appalling, however, was the way the penalty phase of his trial was conducted. First, there was the parade of witnesses, including former New York Mayor...

The So-Called Right to Silence Others

It seems a Roman Catholic cardinal is a little envious that Islam gets to squelch those who offend its tenets. In the latest Vatican broadside against “The Da Vinci Code,” a leading cardinal says Christians should respond to the book and film with legal...

Anti-‘Price-Gouging’ Regulation

With gasoline prices across the nation at $3 a gallon, one knows that American oil companies are easy targets for every regulator (and every potential regulator) in town. And when an oil-man-turned-president blames Americans for having an “energy...

Disappearing Manufacturing Jobs

According to some pundits and political hustlers, free trade has led to a loss of “good manufacturing jobs.” Let’s look at it, but before doing so, let’s first see whether we should work ourselves into a tizzy over other job losses. In 1900, 41...

The Supreme Court Opinions of Justice Clarence Thomas

The Supreme Court Opinions of Justice Clarence Thomas

Anyone who takes the trouble to read the Supreme Court opinions of Justice Clarence Thomas will see a very different, and much more intellectually formidable, mind at work than what they might expect from reading media attempts to denigrate Justice Thomas. A very...

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