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

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.

A Nation of Sheeple

President Bush informed the nation, during a press conference, that he might seek to use the U.S. military to quarantine parts of the nation should there be a serious outbreak of the deadly avian flu that has killed millions of chickens and 60-some people in Southeast...

Spoiled Brat Politics, Part 1

Spoiled Brat Politics, Part 1

An editorial in a recent issue of the National Geographic’s “Traveler” magazine complained that kayakers in Maine found “residential development” near national parks and urged its readers to use their “influence” to prevent...

On the U.S. Obligation in Iraq

Democrats and Republicans, liberal media as well as Fox News, all seem to take for granted the following position on Iraq, as (in this instance) reported today at MSNBC.com: “The constitution is a crucial step in Iraq’s transition to democracy after two...

Running Out of Gas

There aren’t many iron-clad rules in investing, but there’s one: Bet against anything that the vast majority of investors agree upon. Right now, based on conversations with my clients, who are some of the best and brightest investors on Wall Street,...

Personal Lie-ability

The Brady Center to Prevent “Gun Violence” was handed a victory on Monday when the Supreme Court ruled that its lawsuit against firearms manufactures could continue. Under Washington DC’s Assault Weapons Manufacturing Strict Liability Act of 1990,...

A Flood of Free Money from FEMA

If you think the government’s initial response to Hurricane Katrina was incompetent, at all levels, wait till you see the tidal wave of ineptitude, cronyism, irrationality, waste and thievery that’s guaranteed to be involved in the clean-up and rebuilding....

Letters to the Editor: October 2005

Oil Companies Have a Right To Their Profits Dear Editor, Why should we be angry at high profits of oil companies when it is these companies that make our very way of life possible. The high profits and the high prices of oil also act as a price signal to oil companies...

FEMA is Crazy!

Ex-FEMA Director Michael Brown recently told a congressional committee that he wasn’t an inexperienced manager who blew the federal response to Hurricane Katrina. Summing up the efforts of state and local officials in Louisiana as “dysfunctional,”...

When to Sell a Stock

My biggest mistake in 25 years of writing newspaper and magazine articles about the stock market started innocently. My intention, in a February 23, 2003, column for the Washington Post, was to show readers how to analyze a stock and decide whether to buy it. The...

“Windfall Profits” Tax on Oil Companies

“An angry public wants quick relief from high prices” at the pump, says Business Week. That’s hardly a surprise. Over the past year, the Energy Department reports, a gallon of regular gasoline has gone from $1.86 to $2.96. But even at less than...

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...

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