POLITICS

Part II: The Campaign Against ICE

On the methods and purposes of the Democrat campaign of violence against U.S. Immigration & Customs Enforcement (ICE).

Random Thoughts: September 2005

Random Thoughts: September 2005

Random thoughts on the passing scene: Different people have different ideas about humility. One man said: “I don’t think I’m half as good as I know I really am.” What can we be certain of from history? That human beings have been wrong...

Letters to the Editor: September 2005

United Nation Reforms Worse Than Doing Nothing September 21, 2005 To the editor; Mr. Journo’s cogent article (The UN’s “Virtue” Is Its Vice) hit the nail right on the head: what is wrong with the UN is not economic corruption, improperly...

Charity Is No Function of the Federal Government

Last week, President Bush promised the nation that the federal government will pay for most of the costs of repairing hurricane-ravaged New Orleans, adding, “There is no way to imagine America without New Orleans, and this great city will rise again.”...

Recycled “Racism Gap” in the Mortgage Market

Recycled “Racism Gap” in the Mortgage Market

One of the things that happens when you get old is that what seems like news to others can look like a re-run of something you have already seen before. It is like watching an old movie for the fifth or sixth time. A headline in the September 14th issue of the New...

Rebuilding New Orleans

Hurricane Katrina was a disaster, not only for the obvious reasons but for the less obvious reasons: the aftermath. By aftermath, am I referring to the alleged ineptitude of the federal government? No way. By aftermath, I mean the spectacle of political and...

The Role of Prices

The fallout from Hurricane Katrina has featured a lot of ignorance and demagoguery about prices. Let’s look at some of it. One undeniable fact is that the hurricane disaster changed scarcity conditions. There are fewer stores, fewer units of housing, less...

Smart “Problems”

Smart “Problems”

During my first semester of teaching, many years ago, I was surprised to encounter the philosophy that the brightest students did not need much help from the teacher because “they can get it anyway” and that my efforts should be directed toward the slower...

Your Home Is Not Your Castle

For many, the American Dream means buying a family home after years of saving or building a small business from the ground up. No one imagines the government will take that property only to hand it over to someone else so they can make more money off the land. But it...

Despair in Disaster

Why is there looting and raping in New Orleans? What does it say about the people there? What nobody wants to talk about is the psychology of helplessness. We all know that a large number of the victims in New Orleans are poor, black, and in many cases dependent on...

Keep the Death Tax Dead

In Washington, nothing’s certain except death, taxes and special-interest lobbying groups. So it makes sense that the death tax has its own lobbyists. That’s right. “Americans for a Fair Estate Tax” knows a Senate vote is coming soon, and...

JobBay

As much of Europe struggles with double-digit unemployment this year, the United States has been creating an average of 200,000 new jobs a month. One of our great advantages is the relative ease with which Americans can start new businesses. Physical disability, the...

Our Gift to Iran

The most important effect of America‘s attack on Iraq has been the removal of Iran‘s strongest regional opponent, and an increase in the regional power of Iran . As I wrote in Capitalism Magazine in June of 2004: “[President Bush] threw down a...

Rebuilding New Orleans — and America

Rebuilding New Orleans — and America

The physical devastation caused by hurricane Katrina has painfully revealed the moral devastation of our times that has led to mass looting in New Orleans, assaults on people in shelters, the raping of girls, and shots being fired at helicopters that are trying to...

How to Avoid Investing in Crooked Businesses

Reading Kurt Eichenwald’s fascinating book on Enron Corp., “A Conspiracy of Fools,” is enough to make an investor throw up his hands (or his lunch), sell all his stocks and buy a bundle of nice short-term U.S. Treasury bonds. Eichenwald shows, in...

Developers are Not the Devil and Profit is Not a Sin

Developers are Not the Devil and Profit is Not a Sin

The ability of the human mind to rationalize is one of the mysteries — and the marvels — of the ages. A recent e-mail from a reader in Santa Barbara, California, was a classic example of a widespread rationalization of the severe home-building restrictions...

What To Do About Gasoline Prices

Nationally, the average per gallon price for regular gasoline is $2.50. Are gasoline prices high? That’s not the best way to ask that question. It’s akin to asking, “Is Williams tall?” The average height of U.S. women is 5’4″, and...

The Lessons of Hiroshima

Those who claim that the use of atomic bombs in Japan was not necessary often point to Japan’s weakened military condition, and the possibility that the war could have been ended without Japan’s unconditional surrender. Such an attitude fails utterly to...

United States and Canada: A Tale of Two Medicares

In 1997, George Zeliotis, a Quebec citizen, learned that he needed hip-replacement surgery. But his troubles were just beginning. As is standard in Canada for non-emergency surgery, Zeliotis was put on a waiting list behind everyone else in Quebec who needed the same...

What “Oil Crisis”, Part 2

What “Oil Crisis”, Part 2

Soaring oil prices have revived the old bogeyman that the world is running out of oil. Economics is a great field for nostalgia buffs because the same old fallacies keep coming back, like golden oldies in music. Back in 1960, a best-selling book titled “The...

Security or Hysteria?

Driving through downtown Washington, D.C., a few weeks ago, I asked myself: What’s happened to the character of the American people? There were barricaded landmarks, armed guards and people waiting to be searched. Several weeks ago, I visited downtown...

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