EDITORIAL Showing 1651 - 1700 of 1936
The Insanity Defense Debate
January 24, 2011
The New York Times blog featured a debate recently, in the wake of the Tuscon massacre, among several people on the insanity defense. One of the debaters, Kent Scheidegger, wrote a comment that included a point that's often proposed but that needs some amendmen ...
Civil Discourse Revisited
January 22, 2011
We were having lunch and the topic of how to frame a friendly, productive holiday conversation about politics and such came up. I had been thinking about what role a host might play in upholding standards of civility and what one can do if things get a bit ugly ...
State Secession or Washington Debt Depression
January 20, 2011
Everyone with any intelligence in the US and around the world knows that there is no way for Washington to manage the tens of trillions in debt and unfunded liabilities short of ultimate repudiation or hyperinflation. Thanks to Wall Street bankers and the Anglo ...
China's Inflation Problem Looms Large
January 20, 2011
The global economy has become so unbalanced that even government ministers who would normally have trouble explaining supply or demand clearly recognize that something has to give. To a very large extent the distortions are caused by China's long-standing polic ...
Confessions of a Refi Junkie
January 20, 2011
No, I am not actually a junkie of any sort but I sometimes feel like it when I reflect upon my history of borrowing funds against the estimated value of my home. You see, I have been trying to encourage my and my children's various endeavors, just as many other ...
There Is No Business Like Bond Business
January 19, 2011
For some nine years I have been predicting that the economy is going to a recession morphing into a depression, using a purely theoretical argument. The essence of my argument is that the open market operations of the Fed cause a protracted decline in interest ...
On Gun Control and Violence
January 18, 2011
The terrible violence in Arizona last weekend prompted much national discussion on many issues. All Americans are united in their sympathies for the victims and their families. All wonder what could motivate such a horrible act. However, some have attempted to ...
Stupid Wager or Clever Prestidigitation?
January 18, 2011
"Heads – you win; tails – I lose." Such is the message the Fed sends to bond speculators. But why would the Fed offer such a stupid wager? Read on. The Fed is trying to bribe bond speculators with risk-free profits. That's how the Treasury/Fed check-kiting ...
Krugman's Incoherent Moral Stance
January 17, 2011
Finally Paul Krugman, Princeton University Nobel Laureate in economic science and columnist for The New York Times, has come clean about his "moral" position (TNYT, January 14, 2011). He has admitted that he doesn't believe that when you earn something, you own ...
An Extremist and Proud of It
January 13, 2011
Yes, I am that for sure, an extremist. I am totally against taxes, consider them extortion. I think all government regulations are vile, cases of prior restraint and thus unjust. I think a government has only the function assigned to it in the Declaration of In ...
Gold and Honey
January 12, 2011
Open letter to Thomas Hoenig, President, Federal Reserve Bank of Kansas City. Dear President Hoenig, On January 5, 2011, you were quoted on ABC NEWS as saying that "the gold standard is a very legitimate monetary system". The quotation went on: "We are not goin ...
It's a Massacre, Stupid
January 12, 2011
What happened in Tucson, AZ, was a massacre and not a tragedy. Perhaps some view this a pedantic detail but it isn't - words do have meaning and a tragedy, as anyone familiar with ancient Greek literature or a bit of Shakespeare will testify, takes place when b ...
Toward Sensible Monetary Policy
January 11, 2011
Last week the 112th Congress was sworn in. I am pleased that I will be chairing the Monetary Policy Subcommittee of the Financial Services Committee, which has oversight of the Federal Reserve. Obviously, this position will facilitate my efforts to ensure the F ...
What's the Matter With Money?
January 10, 2011
There is nothing new about all the badmouthing of money we witness so often in our culture and political environment. Not only do we find many of the literati railing against money, even while some of them eagerly urge their agents to negotiate hefty deals for ...
Somerset Maugham & I
January 07, 2011
My most enjoyable and rewarding reading time has been with W. Somerset Maugham. Even the works that annoy me are a pleasure to read, not to mention the many very entertaining books, short stories and essays he has penned that are dear to me. What it is about M ...
How to Use the Constitution
January 06, 2011
Many in the just seated House of Representatives have been clamoring for a return to the Constitution. This is what appears to underlie to planned challenge to Obama care, the massive piece of legislation that President Obama has been eager to make a part of th ...
Recipe for a Successful 2011
January 05, 2011
The year 2011 brings in a host of opportunities and challenges to America. Will we accelerate toward economic insolvency by continuing the policies that have created this crisis, or will a new Congress elected on the energy of the Tea Party movement find the co ...
Forever Stamps Tell Us Much
January 04, 2011
The United States Postal Service announced this week that all future first class postage stamps sold will be the so-called "forever stamps" that have no face value but are guaranteed to cover the cost of mailing a first class letter, regardless of how high that ...
Reexamining Democracy
January 04, 2011
Over the last several decades of American political life the idea of liberty has taken a back seat to that of democracy. Liberty involves human beings governing themselves, being sovereign citizens, while democracy is a method by which decisions are reached wit ...
Column on a Fruitful Idea About Morality
January 01, 2011
As someone who often teaches the topic of ethics or morality in colleges and universities, I have noticed that most of my beginning students entertain conflicting positions about the subject. They see it either as a one-size-fits-all system of guidelines, where ...
The Struggle – the Long Arc of Advances in Human Liberty
December 30, 2010
Here is some good news: The march of liberty has so far proven to be generally unstoppable. Over the span of human history there have been periods during which hardly any sign of respect for human liberty had been in evidence. In other eras the globe has seen a ...
Social Security Is Not 'Insurance'
December 28, 2010
Perhaps the biggest media story of 2010 was the influence of Tea Party voters on the congressional landscape. The new Congress comes to Capitol Hill with a mandate to end profligate spending and restore fiscal sanity, we are told. But when the House and Senate ...
One Swallow
December 27, 2010
Those who have paid a bit of attention to my writings on public policy probably know that I have always been an opponent of preemptive petty tyrannies of government regulations, the sort that force people to follow certain standards of professional conduct, inc ...
The Rise of Brownianism
December 25, 2010
Ellen Brown has run a long-term campaign arguing that nations themselves ought to print money rather than third-party central banks. She even wrote a book about it called "Web of Debt." And she's making progress. There is legislation now enshrining her point of ...
Down Argentine Way
December 22, 2010
There are many ominous parallels between Argentina and the U.S. and the question often asked is can America avoid the economic consequences that Argentina suffered from a fascist government combined with government debt and currency collapse? I believe the answ ...
Distorting the Tax Policy Debate
December 21, 2010
George Orwell warned us about the use of "meaningless words" in politics, words that are endlessly repeated by sloganeering politicians until they have no meaning at all. Meaningless words certainly were on display during last week's congressional debate over t ...
Krugman's Trashy Debating Style
December 21, 2010
Looks like critics of the free market are at their whit's end. At least one of the most prominent of them clearly appears to be. Princeton economics professor and columnist for The New York Times Paul Krugman has always been discourteous to those with whom he d ...
America Divided
December 18, 2010
For all its existence America has been torn between two political positions. Originally the two were represented, mostly, by Alexander Hamilton and Thomas Jefferson, although neither was a simple partisan of the positions at issue here. Hamilton had been a supp ...
A Stupid Analogy
December 15, 2010
Now that Judge Henry E. Hudson of the Virginia district court ruled that the Obama health care measure violates the U.S. Constitution by forcing people to make purchases they may not want to make, there are innumerable sophists who want to refute the rationale ...
Audit the Fed in 2011
December 14, 2010
Since the announcement last week that I will chair the congressional subcommittee that oversees the Federal Reserve, the media response has been overwhelming. The groundswell of opposition to Fed actions among ordinary citizens is reflected not only in the rhet ...
WikiLeaks – Hype, Propaganda or Revolution?
December 13, 2010
The media is full of hype about Mr. Julian Assange, the man behind WikiLeaks. The story might be considered trivial at first. However, the hoopla is interesting to observe, highly intriguing and, in my view, well worth analyzing and second-guessing a bit. The b ...
Disgusting Rich Bashing
December 13, 2010
There are many welcome developments in America in our time, mainly in the media. Certainly Judge Andrew Napolitano's and John Stossel's Fox Business Network TV programs are quite unprecedented in their principled libertarian commentaries. The way Reason Magazin ...
America's Salvation
December 11, 2010
Anybody with a lick of sense realizes there's no difference anymore between the Democrats and Republicans. Both preach big dictatorial government to the people, and they do so relentlessly. Thus many Americans now realize that we need to open up the process and ...
Law & Our Democracy
December 11, 2010
When as a 14 year old I lived in Budapest under the rule of the "democratic republic" of Hungary – which was but a ruse disguising sheer Soviet style power – my family repeatedly violated "the law," which is to say we defied the rules the communist – in f ...
Focus on the Policy, Not WikiLeaks
December 07, 2010
We may never know the whole story behind the recent publication of sensitive U.S. government documents by the Wikileaks organization, but we certainly can draw some important conclusions from the reaction of so many in government and media. At its core, the Wik ...
Leak Embarrassments
December 06, 2010
My newspaper carried the AP headline the other day, "U.S. cuts access to files after leak embarrassment," and the body of the article reports that Julian Assange, the founder of WikiLeaks is now on a most wanted list in Europe. I do not have the time or even th ...
One Swallow
December 04, 2010
Those who have paid a bit of attention to my writings on public policy probably know that I have always been an opponent of preemptive petty tyrannies of government regulations, the sort that force people to follow certain standards of professional conduct, inc ...
Will the Market Do What Western Leaders Cannot?
December 04, 2010
It's a sign of the times. President Barack Obama's ballyhooed fiscal commission on Friday failed to come up with a plan to curb the US budget deficit. For close to a year, the panel has been laboring on US$4 trillion in cuts that would take place, approximately ...
Radical Muslims Aren't Alone
December 04, 2010
So it turns out that contrary to widespread impression, the American government is just as willing to step all over people's right to free expressions as are governments in what are deemed more tyrannical countries. News has it that the Washington based Smithso ...
Too Politicized to Fail!
December 02, 2010
It may now be assumed that the only people allowed to fail in the world are athletes and some gamblers. Businesses are not. In Ireland, for instance, banks made bad loans and thus lost a lot of dough but no, they were not allowed to go under by the government ...
CUT, Don't Freeze Federal Employee Pay
December 01, 2010
While bankrupt over indebted governments everywhere from Russia and the United Kingdom to Ireland move to cut the number of government employees and reduce salaries, America the leading debt basket case of the world just might freeze salaries for a couple of ye ...
Don't Raise the Debt Ceiling!
November 30, 2010
As of November 7th, the total U.S. public debt outstanding reached an astonishing $13.7 trillion. This means that although Congress just raised the debt ceiling to $14.3 trillion back in February, the new Congress will face another debt ceiling vote almost imme ...
The Road to Fascism
November 30, 2010
The usual beef among those who dislike trends in this country's economic policies is that we will soon have a socialist system. And it does appear that with more and more economic issues coming under government supervision and outright control, socialism is the ...
What's so Bad About Exceptionalism?
November 29, 2010
There is nothing amiss with exceptionalism, never mind the slurs against it by the likes of NYU Law Professor Ronald Dworkin (in The New York Review of Books). To regard the United States of America as a country that's exceptional – meaning the likes of which ...
Do We Have a Moral Nature?
November 27, 2010
It is often held, by admirers of modern science (which took off around about the 15th century) that if human beings are parts of nature, there can be no room for morality in their lives. They are then simply complicated machines working as they must, with no po ...
Dogmatism on the Left
November 25, 2010
As a loyal reader of books, articles and columns by members of the American intellectual left, I marvel often at just how blind these folks can be to their own dogmatism. Folks like these routinely charge those whose politics and economics they dislike with thi ...
Are Air Travelers Criminal Suspects?
November 23, 2010
The growing revolt against invasive TSA practices is encouraging to Americans who are fed up with federal government encroachment in their lives. In the case of air travelers, this encroachment is quite literally physical. But a deep-seated libertarian impulse ...
Are Corporations People?
November 23, 2010
Much fussing is in evidence from certain circles some heavy hitters, like Professor Ronald Dworkin - about the Supreme Court's recent ruling that protects corporations against government intervention when they make political contributions. The common complaint ...
Introducing the American Traveler Dignity Act
November 20, 2010
Washington D.C. – Congressman Ron Paul Thursday introduced legislation designed to stop abusive TSA practices that treat American air travelers like criminal suspects. "Enough is enough" Congressman Paul declared in a speech before the House of Representative ...
Is Capitalism Cruel?
November 20, 2010
Now these issues must always be dealt with comparatively - is capitalism cruel, harsh, heartless compared to what? Some folks I know have maintained that compared to socialism, capitalism is indeed all these things but I just cannot buy it. Partly it's because ...
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