Un-bear-able Deals: When Bears Turn “Bullish”

For years, Grant’s Interest Rate Observer was noteworthy for being both exceptionally witty and consistently wrong. Times have changed. The newsletter, edited by James Grant, who has written wonderful books on such topics as the life of Bernard Baruch and the...

Educational Vouchers

The U.S. Supreme Court ruled in the Cleveland school voucher case, Zelman vs. Simmons-Harris, that taxpayer funds that go to parents who might use the money to enroll their children in religious schools was constitutional. One need not be a rocket scientist to...

Two Trials — and Future Trials

While much attention has been focused on the trial of American Taliban John Walker Lindh, another trial halfway around the world may be more relevant to our own future. This was the trial in Pakistan of terrorists who killed Wall Street Journal reporter Daniel Pearl....

Free Ride for Foreign Ship-Jumpers

While Washington buzzes over President Bush’s homeland security plan to secure America’s borders, untold numbers of foreigners continue to pour into our country illegally through limitless unsecured cracks and crevices. Joining the ranks of the estimated 9...

Expanding Definitions and Suspicious Statistics

One of the latest in the seemingly endless rounds of alarming statistics is that one out of 12 American children has some form of disability. With all the things that are supposedly getting worse, you have to wonder how our life expectancy keeps increasing. A cynic...

The Stock Market, Profits, and Credit Expansion

The actual nature and consequences of the profit motive in a free market, an explanation of how profits are profoundly distorted by forcible government interference in the form of inflation and credit expansion, in ways that directly explain both the stock market boom of recent years and today’s stock market bust.

Society Says vs. Thinking

You will often hear experts in the media — particularly psychologists and the like — use the phrase, “Society tells us …” For example: “Society tells us that women should look perfect all the time.” Or: “Society tells us...

Capitalists vs. Crooks

Are American corporations being run by crooks in pinstripe suits? According to Federal Reserve chairman Alan Greenspan, “infectious greed” is to blame for the scandals engulfing firms like Enron, WorldCom and Global Crossing. On this view, which virtually...

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