EDITORIAL Showing 1601 - 1650 of 1947
Statism Vs. Labor & Persons
April 06, 2011
Under hard line statism, such as centrally planned socialism and absolute monarchy, everyone belongs to society - there are no individuals, no privacy, no private property, etc. Thus, for instance, in Marxism all vital property is collectively owned and adminis ...
The Fed Undermines Foreign Policy
April 05, 2011
Last week I was both surprised and pleased when the Supreme Court upheld lower court decisions requiring the Federal Reserve Bank to comply with requests for information made by Bloomberg under the Freedom of Information Act ("FOIA"). Bloomberg simply wanted to ...
Extortion in the Name of Science
April 05, 2011
While the country is going into more and more debt by the seconds, and while some even in Washington are beginning to be concerned – after all, their share of the loot taken from citizens year round and culminating on April 15th each year could shrink just as ...
Atlas Shrugged Part I, the Movie
April 04, 2011
I saw the movie Atlas Shrugged, Part I (to be released on April 15) and I liked it a lot, just as I did the book when I first read it in 1961 while serving in the US Air Force near Washington, DC. (The maiden ride of the John Galt Line was back then the most ri ...
Cultivating the New World Order
April 02, 2011
The conservative libertarian writer Paul Craig Roberts has posted an article, "The New Colonialism: Washington's Pursuit of World Hegemony" that has received much attention from the alternative-news blogosphere. In this article, I want to comment on the story f ...
Constitutional Problems with the Libyan War
March 29, 2011
Last week the Obama Administration took the United States to war against Libya without bothering to notify Congress, much less obtain a Constitutionally-mandated declaration of war. In the midst of our severe economic downturn, this misadventure has already cos ...
Krugman, Academic Freedom & Phony Whining
March 29, 2011
In his column of March 28, 2011, Paul Krugman whines a good deal about how Republicans in Wisconsin are targeting scholars who may not like their opposition to public service union profligacy. No doubt, in these battles all sides can go overboard but let's just ...
Carbon Exchange Blossoms in Kenya … Say What?
March 26, 2011
We've written a good deal about how elite promotions stumble forward in the era of the Internet, even if they've been discredited. Global warming is surely one of the best examples of this. We've also written about how the powers-that-be may intend for Africa t ...
A Sample of Government-at-Work
March 26, 2011
Where I live there's no mail delivery. All USPS mail has to be picked up at the post office. And at the post office the address is, well, a P.O. Box with its number. If one sends a piece of mail to the house address, the zip code must contain the post office bo ...
The Treasury Auction Shell Game
March 24, 2011
Very few people have either the time or patience to sift through the data released by the Treasury Department in the wake of its bond auctions. But the numbers do provide direct evidence of the country's current financial condition that in many ways mirror a fi ...
The Proper Promotion of Liberty
March 24, 2011
The policy of imposing liberal regimes around the globe has proven to be a disaster and no wonder. It is simply not feasible to coerce people to be free - the idea is an oxymoron. It doesn't follow, however, that countries that are largely committed, even if on ...
Fed and Inflation
March 22, 2011
Last week, the subcommittee which I chair held a hearing on monetary policy and rising prices. Whether we consider food, gasoline, or clothing, the cost of living is increasing significantly. True inflation is defined as an increase in the money supply. All oth ...
Quick Response Puts Yen on the Line
March 22, 2011
One of the immediate financial consequences of the catastrophic Japanese earthquake is that Japan needs to call on its huge cache of foreign exchange reserves to rebuild its shattered infrastructure. To pay for domestic projects, Japan will require yen – not ...
Another Obama War
March 20, 2011
Following the US-lobbied UN authorization of military murder in Libya, the death-dealing regime of Colonel Gaddafi said immediately that it would stop all killing. That put Obama's war on hold, for a little while. The crazy Colonel has learned a thing or two ab ...
Libya, The Good War?
March 19, 2011
In this article, I'll return to the point I made previously, not only in these pages but during one of my interviews with Russia Today on the topic: For one reason or another the Anglo-American elite wants regime change throughout the Middle East, and elsewhere ...
A Crucial Constitutional Fact
March 19, 2011
In my efforts to defend the free society and its basic principles, the idea of natural individual human rights, I run across the objection – advance by both conservatives and "liberals" – that once a constitution has been accepted, it overrides those princi ...
The Anglo-American Gaddafi Deception
March 19, 2011
One has needed a score card to keep up with the twists and turns of the situation in Libya and what will follow over the weekend is still unclear. My point is while we wish the people of Libya and their color revolution victory over crazy Gaddafi, they have lik ...
Self-Debasement is Wrong
March 18, 2011
As a child and teen I had been very seriously abused, especially while in my father's "care". He had in mind to make me into a clone, forced me to do athletics relentlessly and when he detected any resistance on my part, beat me mercilessly. None of this result ...
Monetary Lunatics: Is QE3 Ahead?
March 17, 2011
Austrian School economists have often explained the business cycle using the metaphor of liquor or drugs. The expansion of paper money and credit gives a sense of exuberance, an economic high that leads to excessive risk-taking and ballooning production. But it ...
On Irrevocable Punishments
March 17, 2011
My idea is somewhat unusual in that I do not argue against the death penalty as a cruel and unusual type of punishment, nor do I claim that the death penalty is barbaric or demeans members of societies in which it is practiced. There certainly are people who do ...
No-Fly Won't Fly Constitutionally
March 15, 2011
Last week we once again heard numerous voices calling for intervention in Libya. Most say the US should establish a "no-fly" zone over Libya, pretending that it is a benign, virtually cost-free action, and the least we could do to assist those trying to oust th ...
Practicing the Principles of Non-Intervention – At Home and Abroad
March 15, 2011
Events in other parts of the world, such as the civil war in Libya, and the revolutions and mass public demonstrations against various tyrannical and autocratic governments in several countries in the Middle East, have aroused a deep sympathy among the American ...
Mid-East Conflict Not Exactly About Oil
March 12, 2011
To say as many commentators do, that the color revolutions in the Mid-East and North Africa is about oil to miss the point. Well not exactly. Oil is an important part of the equation in so far as it relates to the greater agenda of the Western power elite to cr ...
A Middle East Warning: American-Style Democracy Isn't the Answer
March 12, 2011
The entire world except for government leaders and politicians are thrilled with the revolutionary spirit moving through the Middle East. The leaders of authoritarian regimes from Tunisia to Egypt have fallen and the rest are threatened in every nation in the r ...
What Western Elites?
March 12, 2011
Some avid supporters of the free market write a great deal about Western Elites who, among other things, want to impose democracy on the Middle East and are bent on controlling the world's financial institutions and doings. Since no person or institution is na ...
Lyndon Johnson's Great Society: A Free Market Critique
March 10, 2011
This paternalistic legacy of the Great Society era remains with us today. Indeed, it is at the center of the political and social controversies enveloping American debate and conflict about the future direction of the country. Many, if not most, of the supposed ...
Revisiting Public Service Labor Unions
March 10, 2011
When one criticizes public service unions this doesn't imply at all that one is critical of labor unions per se. Because public service is mostly monopolistic - only one first class postal service, only one Medicaid, only one DMV and road system, only one schoo ...
Buying Friends Creates More Enemies
March 08, 2011
Last week Secretary of State Hillary Clinton testified before the House Foreign Affairs Committee, and I had the opportunity to raise some of my concerns regarding US foreign policy and the costs of our interventionism around the world. Many observers claim tha ...
Censorship or Editorial Judgment?
March 08, 2011
The term "censorship" has apparently been quite corrupted. Watching a recent prime time broadcast of a number of recent Saturday Night Live shows I noticed now often those who discuss the program kept referring to the NBC quality control folks as "censors." As ...
Why Even the Best PR Is Failing the Elites
March 05, 2011
Questionable regimes often use PR companies both to improve their image in general - and following specific incidents. Is there any way for us to know truth from spin? This question takes on more urgency given what's going on in the Middle East, and efforts of ...
Free Speech Is a Basic Human Right
March 05, 2011
The New York Times reported recently that "John Galliano, the talented and troubled designer who was fired by the fashion house Christian Dior for making anti-Semitic remarks in a drunken rant at a bar, will be put on trial for the offenses, the Paris prosecuto ...
Tunisia's Free Trade Revolt
March 03, 2011
In many circles it is a prominent mantra that property rights are not human rights. The rights to private property and to trade it are treated by many political thinkers and jurists as far from binding on us. So, for example, the US Supreme Court ruled in 2005 ...
Multiple Universes Anyone?
March 02, 2011
An issue that has puzzled many philosophers and cosmologists is whether there is just one universe or might there be many. On first inspection the puzzle appears to be bogus. After all, by "universe" is meant "everything that is." Other terms used for this are ...
Congress Must Reject the Welfare/Warfare State
March 01, 2011
During the past few weeks, Congress has been locked in a battle to pass a continuing resolution to fund government operations through September. Both supporters and opponents of the bill, HR 1, claim it is a serious attempt to reduce federal spending. However, ...
The Sleep of Reason Produces Monsters*
March 01, 2011
In basic reasoning courses one learns that certain ways of thinking are fallacious, others are sound. Sadly, most students don't actually remember much of what they learn here because these courses are taught too early in their college years, just at the time t ...
Morgan Opens Gold Window
March 01, 2011
Earlier this month, J.P. Morgan made an important announcement that received scant coverage in the media: the bank would now accept gold as collateral for loans. The move appears to have been well-timed, for in the ensuing weeks, the price of gold and silver cl ...
What Friends of Freedom Can Learn from the Socialists – To Win Freedom!
February 28, 2011
On March 14, 1883, a German philosopher living in exile in London passed away. When he was buried three days later in a modest grave where his wife had been laid to rest two years earlier, fewer than ten people were present, half of them family members. His clo ...
Reflections on Capitalism – Part III
February 28, 2011
Why are they not celebrating the nobility of the entrepreneurial spirit and the power of the liberated mind to accomplish "miracles?" Why are they not championing such life-serving virtues as independence, productive ambition, competence, self-responsibility, s ...
Reflections on Capitalism – Part II
February 26, 2011
The first thing I would say about her is that she operates consciously. And the next thing I would say is that she stands outside traditional moral categories: She is an exponent of rational or enlightened self-interest - a possibility that is not even acknowle ...
Democrats Against Democracy?
February 26, 2011
Am I alone in finding the Wisconsin Democrats who have been AWOL anything but democratic? Sure, they weren't doing anything illegal like soldiers who go absent without leave. But that's a legalism that makes little difference here. What counts is that these D ...
Reflections on Capitalism – Part I
February 25, 2011
A few years ago, I received a telephone call from a young female Ph.D candidate in psychology. She learned that I would be lecturing at a conference in S. Carolina, which she would be attending, and she wanted to meet me there - to discuss my becoming a consult ...
Washington's War & Middle East Policy Racket
February 24, 2011
US Marine Corp Major General Smedley Butler accurately described in his book, "War Is A Racket" how the American military is often forced to make war far more for Wall Street and big corporation profits than the false reasons usually provided for the conflict. ...
Are Public Unions Unjust?
February 23, 2011
Bona fide Labor unions work within a free market system where firms compete for customers who are normally able to switch from sellers of wares and services if they want to. Public works are noncompetitive, however. Workers who belong to public unions conduct t ...
Central Economic Planning at its Worst
February 22, 2011
Last week, the Financial Crisis Inquiry Commission (FCIC) presented its results to the Financial Services Committee. As with most other politically-appointed commissions, the results of the FCIC's investigation were easy to predict. Established by the same cong ...
Krugman and Bias
February 18, 2011
In a recent column Princeton economist a regular New York Times columnist Paul Krugman claims that the economics profession - including the editors of scholarly journals and the staff at econ departments - is fraught with bias. This is a serious charge, impugni ...
Silver and Opium
February 17, 2011
The opium wars do not belong to the glorious episodes of Western history. Rather, they were instances of shameful behavior the West still has not lived down. Mercantilist governments resented the perpetual drain of silver from West to East in payment for Orient ...
Where Multiculturalism is OK
February 17, 2011
It is reported that France's, England's and Germany's leaders have issued an announcement claiming that multiculturalism is a failure. But are they right? Or perhaps it is more likely that implementing multiculturalism the way it has been tried in these and man ...
Holding One's Nose for Principles
February 16, 2011
One of the difficulties with standing on principle is that often one is defending them when they are practiced by bad people. Or when bad conduct is involved. In both kinds of cases one may have no sympathy at all for the specific but still finds it important t ...
Deception at the Fed
February 15, 2011
For the past three decades, the Federal Reserve has been given a dual mandate: keeping prices stable and maximizing employment. This policy relies not only on the fatal conceit of believing in the wisdom of supposed experts, but also on numerical chicanery. Rat ...
The Two Faces of Ben Bernanke
February 15, 2011
Based on his recent public comments, Fed Chairman Bernanke seems determined to give the U.S. dollar the reputation of Egypt's Hosni Mubarak: an unwanted relic of the past that everyone agrees must go, but stubbornly clings to a privileged position. The dollar i ...
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