EDITORIAL Showing 1751 - 1800 of 1920
Infanticide & Instincts
August 18, 2010
As life rolls on for me, with many pluses and some minuses along the way, an issue that keeps propping up in my more academic studies is whether people have instincts like non-human animals supposedly do. Or are we born with what some refer to as a blank slate, ...
Washington's Idea of Fiscal Restraint
August 17, 2010
The truth comes out eventually, however. Much like the recently discovered exemption from Freedom of Information Act requirements for the SEC that was slipped into the equally massive and "urgent" financial reform bill, we are finally seeing what other insidiou ...
The Mosque Fiasco
August 17, 2010
For once I agree with something that President Obama said, if I understood him right: Muslims do have the basic right, one that is legally protected in a free country, to build a mosque anywhere they choose if they own the land (or are leasing it with permissi ...
The Cycle of Violence in Afghanistan
August 11, 2010
Last week the National Bureau of Economic Research published a report on the effect of civilian casualties in Afghanistan and Iraq that confirmed what critics of our foreign policy have been saying for years: the killing of civilians, although unintentional, an ...
Mose, My Hero
August 11, 2010
My current reason for deciding to celebrate Mose is a bit odd. He is one of the oldest jazz musicians still making the circuit regularly, having just recently returned from recording live two CDs in London, just as a sample. He is in his early 80s and sings and ...
Does Radical Left Favor Radical Islam?
August 10, 2010
Recently I have been recalling when University of Michigan Professor of Law, Catherine McKinnon used to advocate censoring pornography because she believed it is an assault upon women. She lays out her case in her very prestigiously published slim and readable ...
Beautiful & Bankrupt
August 05, 2010
On a recent visit to Portugal, near Lisbon and right off the Atlantic Coast, I rediscovered that country after having been away from it for 40 years. And it comes across very different now from what it was back then. Most surprisingly it comes across to me like ...
The Trouble With Unconstitutional Wars
August 04, 2010
Our foreign policy was in the spotlight last week, which is exactly where it should be. Almost two years ago many voters elected someone they thought would lead us to a more peaceful, rational co-existence with other countries. However, while attention has been ...
The World Turned Upside Down
August 04, 2010
Tradition says when Lord Cornwallis surrendered at Yorktown back in 1781 the British played this tune as they marched out of the fortifications in surrender to the American army. Whether this actually happened is open to debate but the loss suffered by the grea ...
Protecting Your IRA – Part V: An IRA Blessing for Your Heirs
August 01, 2010
An Open Opportunity IRA, however, can be used to control the potential tax bill on your estate, since it easily accommodates what has become a conventional estate planning strategy. With the Open Opportunity structure, your IRA holds just one asset – a limite ...
Protecting Your IRA – Part IV: Your Own Personal Tax Haven
July 31, 2010
An ordinary IRA requires you to be passive. You're not driving the bus, you're a passenger. An Open Opportunity IRA, on the other hand, lets you act. The IRA owns just one asset-a limited liability company (LLC). All the investing and earning happens inside the ...
Protecting Your IRA – Part 3: Saving Big on a Roth Conversion
July 30, 2010
When you withdraw the money, the deductible contributions you made to a traditional IRA and the income that's been earned inside the IRA will be taxed, as ordinary income. But there is an alternative that you can elect. New rules (effective starting in 2010) ma ...
Protecting Your IRA – Part 2: Getting Your IRA Out of Town
July 29, 2010
And investment freedom has not-so-obvious implications for safety. Open Opportunity IRAs make up less than 1% of the IRA universe. So if and when a team of Congressional staffers or a group of Treasury Department bureaucrats get busy drafting up new rules aimed ...
Gold Basis Screwed
July 29, 2010
There are other metrics beside the gold basis that the market has developed in the meantime. One such is GOFO = $ LIBOR – GLR (the gold lease rate). On the face of it, GOFO cannot ever go negative. If it did, it would mean that the risk in borrowing gold is g ...
A Lopsided Warning
July 28, 2010
The president of the AAUP - American Association of University Professors - issued a lengthy declaration warning the membership against getting involved with BP, the giant oil company whose operations have gone awry in the Gulf of Mexico and whose management is ...
Protecting Your IRA – Part 1: The Danger
July 28, 2010
There is now a robust political constituency supporting the generous tax treatment given to IRAs. One element is the 40 million people who have an IRA. A second element is the retail financial industry – banks, brokerage houses, mutual funds and insurance com ...
On the Bloated Intelligence Bureaucracy
July 27, 2010
Recently the Washington Post ran an extensive report by Dana Priest and William M. Arkin on the bloated intelligence community. They found that an estimated 854,000 people hold top-secret security clearances. Just what are all these people up to? By my calculat ...
Cultural Marxism: The Corruption of America
July 27, 2010
We, who were raised in pre-nihilist America, find most of today's movies, TV programs and literary works hideous and depressing. We cringe at the obsessive sexuality of Hollywood's cinematic pretensions, at its love affair with anti-heroes, and the reprehensibl ...
Real Bills Revisited
July 26, 2010
A real bill, as its name suggests, is just a notice of payment due that typically the wholesale merchant sends to the retail merchant along with his shipment of goods demanded most urgently by the consumers. It is useful to think of the bill as a security in th ...
Back to the Articles
July 24, 2010
How would you like to begin a peaceful, legitimate political action which could roll back the last 100 years of government growth and national debt along with the hated federal income tax and the Fed? What if you could force Washington to return to a strong dol ...
Hungary's Malaise
July 24, 2010
Prime Minister Ference Gyurcsany, identified by some as "the golden boy" of Hungary's Socialist Party, got himself into serious trouble with many Hungarians for having admitted, in a leaked closed-door party conference speech, that during his two years term as ...
Obama's Professor Yoo
July 21, 2010
Don't believe it for a moment. The American Left, as a whole, does not support civil liberties. All that protestation of about Bush and Cheney's allegedly unconstitutional expansion of presidential powers was just a bunch of empty hand-waiving. The New York Tim ...
When There Is No Rule of Law
July 20, 2010
Last week ended with some promising news on finally stopping the oil spill in the Gulf of Mexico. Unfortunately, the administration still seems to believe that shutting down working oil wells is a higher priority than effectively dealing with the broken one. Th ...
Recycling a Beauty
July 17, 2010
Of course our era has its problems but these folks are really bonkers with their pessimism. What's more, they aren't upset with some of the real horrors of our time, such as the tyrannies and wars and oppression that go on in parts of the globe but with the goo ...
Shutting It All Down for the State!
July 15, 2010
We in America now we have a head of state who actually appears to accept this reactionary philosophy, judging by his eager embrace of the judicial philosophy of his former colleague from the University of Chicago Law School, now Harvard law professor Cass Sunst ...
Funding Corruption and Waste in Afghanistan
July 13, 2010
Last week, GOP chairman Michael Steele came under fire for daring to say what a lot of Americans already know - that our involvement in Afghanistan is an ill-advised quagmire with no end in sight. After nearly 10 years and approaching $1 trillion spent, the con ...
Competitive Currencies Instead of the Euro Monopoly
July 10, 2010
A new study prepared by the Dutch financial institution, ING, called "Quantifying the Unthinkable," has warned that a collapse of the Euro as the European single currency would lead to a global economy cataclysm. The worldwide banking system would face a new an ...
More Power for the Fed
July 08, 2010
The Federal Reserve Transparency Act would eliminate restrictions on GAO audits of the Federal Reserve and open Fed operations to Congressional oversight. Additionally, audits could include discount window operations, open market operations, and agreements with ...
Two Insidious Trends in America
July 08, 2010
Two powerful intellectual developments are ruining America. One is egalitarianism, the other pragmatism. The former is an effort at the highest levels of American education, at institutions such as Harvard University and the University of Chicago, for example, ...
The Hubris of Central Bankers and the Ghosts of Deflation Past
July 06, 2010
In 2003, while the United States was at the end of another boom and bust cycle following the bursting of the "dot.com" bubble and the Y2K scare, there were many monetary central planners at the Federal Reserve and the European Central Bank who were expressing f ...
Floating Exchange Rates: Scheme to Embezzle the Dollar Balances of Surplus Countries
July 06, 2010
In putting pressure on China to follow Japan's example to revalue the yuan, the American money doctors fail to point out that they are in effect asking China to take a loss, similar to those of Japan amounting to hundreds of billions of dollars, on her holdings ...
America's Leadership Under Contention – Has Monetary, Fiscal and Political Excess Run Its Course?
July 05, 2010
I just finished reading Richard Russell´s 'Latest Remarks´. He sums things up with the following comment: "The bear keeps torturing the majority. If only the authorities could straighten out the oil problem, the housing problem and the unemployment proble ...
July 4th Reflections and Revelations
July 04, 2010
Too many countries and governments in the world today expect that people are supposed to conform to manmade "laws" rather than the other way around. But when laws do not respect human nature, then nothing but trouble can result. The founders of America understo ...
A Declaration of Independence Against Big Government
July 04, 2010
What is usually not recalled is the long list of enumerated grievances that make up most of the text of the Declaration of Independence. The Founding Fathers explained how intolerable an absolutist and highly centralized government in faraway London had become. ...
On I earned it, it's mine!
July 03, 2010
In my political circles quite a few people, both now and in the past, defend the right to private property, to individual ownership, based on the idea that whatever one earns – or creates, or makes, or produces – surely is one's own property and others have ...
The Military Can Waste Money Too
June 30, 2010
This past week various news events once again made it abundantly clear that our foreign policy is an abject failure. Unfortunately, in spite of this the administration is determined to stay on this destructive course, despite any past promises to change it. For ...
Risks and Liberty
June 30, 2010
The New York Times editorialized in panic, predictably, in the wake of the U. S. Supreme Court ruling striking down Chicago's ban on handgun ownership. Lamenting the Court's highly abstract debate about the constitutional clause that needed to be considered, Th ...
Krugman's Opium War on China
June 29, 2010
Paul Krugman's article The Renminbi Runaround in the June 24th edition of The New York Times is not only diplomatically insensitive: it also lacks economic justification. The United States, with its unprecedented debt, is hardly in a position to lecture China a ...
Why Military Hubris?
June 29, 2010
General McChristal spoke out of line, though perhaps truth to power. Yet hasn't the American military been mislead into thinking that it is the answer to most of our problems? In which case his conduct may well be quite understandable, even a prelude to things ...
My Perennial Puzzles
June 28, 2010
I no longer recall whether I chose philosophy as the discipline I wanted to explore because of some puzzles I encountered or whether I found the puzzles in the field once a got to do work in it. I think it is the former since I recall some odd questions I rais ...
Architecture for a New World Financial System
June 24, 2010
The present Great Financial Crisis is far from over. In fact, it is getting worse. It can be described as a debt crisis or, at its roots, a belated gold crisis. The landmark year was 1971, when the United States defaulted on its international gold obligations. ...
Friends & Politics
June 24, 2010
Yes, most of my friends have similar political convictions to mine. Actually, not just political but also more general philosophical ones, bearing on the theory of being, knowledge, the human good and even the nature of art. But not all. I do have some genuin ...
Too Much Government in the Gulf
June 23, 2010
Sadly, the disaster in the Gulf continues this week as BP's efforts at containment keep hitting snags and residents along the coast scramble to clean up and defend their shores and wildlife. Many have criticized the federal government in the past weeks for not ...
The Skeptical Train to Tyranny
June 22, 2010
Skeptics have, throughout history, concluded that we can never be sure about what it is that exists, and even that reality itself does not exist except in the mind. With their gospel of "eternal doubt," advocates of skepticism have thus played the role of ideol ...
There's No Level Playing Field or Equal Opportunity
June 22, 2010
Yet another excuse for some people to gain power over others is this idea of the level playing field. It's a metaphor, of course, but used often to mean starting in a race with no advantages for any of the participants. Another term by which to indicate this i ...
No Excuse for Coercion
June 21, 2010
I am always baffled and now and then really angered when people defend using coercion against other people. (Some will say I must be biased since I come from several early years of tyranny and since one of my parents was an out and out brute. How could I be o ...
Justice and BP
June 19, 2010
Many moons ago President Richard Nixon lashed out at Charles Manson after he learned of the carnage but before the law could get at the mass murderer. The president told reporters that Manson was "guilty, directly or indirectly of eight murders." Manson's defe ...
Revisiting Free Will
June 18, 2010
Here you have yet another instance of never allowing a good disaster to go unexploited for political purposes, a policy endorsed a while ago by White House Chief Eric Rahmer. But I will leave that aside for now and focus once again on the curious phenomenon of ...
Sandel Says Rumor is False
June 17, 2010
I mentioned this in a column, saying "Michael Sandel reportedly refused to let his own child play sports because that would teach them the idea that some people are better athletes than others and that this matters somewhat in one's life." Then I went on to cri ...
Authoritarianism Is Bad for Your Health
June 15, 2010
The administration's terrible healthcare reform bill is now law, but the debate over how - and whether - the federal government should be involved in providing healthcare services is not over. It is not too late for America to correct its course and stop the ma ...
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