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September 5, 2007
The difficulties in the subprime lending market are beginning to generate a chorus for a bailout of the mortgage industry. The media emphasize stories of people losing their homes to foreclosure and potential panic as adjustable-rate mortgages…
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May 2, 2007
The stock market is reflecting the strength of the American economy. The Dow broke 13,000 on April 25 for good reason.
Corporate earnings are strong, the economy is growing, tax revenues are up and the federal budget deficit is shrinking…
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March 7, 2007
Recent data on the number of people receiving assistance from the federal government has created some stir and discussion as to whether welfare reform in the U.S. has been successful. Federal Reserve Chairman Ben Bernanke has warned that a…
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January 29, 2007
"The Power of Choice: The Life and Ideas of Milton Friedman" is scheduled to air on PBS Monday, Jan. 29, 2007 at 10 p.m. ET. For local listings click here.
“The Power of Choice,” a documentary on the life and ideas of Milton Friedman, is an…
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January 24, 2007
President Bush announced in his State of the Union address that Americans should reduce gasoline usage by 20 percent over the next 10 years. But how will this be achieved?
With or without government
In 1931 Harold Hotelling published a…
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December 30, 2008
A fellow is ballooning in New Mexico. He miscalculates the wind, somehow floats into a wind-stream that carries him so high he passes out from lack of oxygen, then deposits him out in the middle of the desert. He comes to, disoriented and lost, but…
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December 17, 2008
On Sunday, Dec. 14, “Good Morning America” devoted about 10 minutes to a segment about the theft of baby Jesus statues from nativity scenes on church lawns. As they pointed out, these thefts are not a new crime. In fact, once the subject of an…
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December 10, 2008
A new TV program, loosely swiped from a TV show of long ago, debuts tonight on Fox. As I understand it, in “The Secret Millionaire” we will see millionaires go undercover, work for a week in some poorly paid job and live as the oppressed…
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December 4, 2008
Friedrich Hayek wrote of the importance of what he called the rule of law over the rule of man. His point was that in order to be free to act according to our own plans we must know what the rules of the game are, for what reason they are…
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December 3, 2008
Investment analyst John Rutledge on Nov. 22 offered “Forbes on Fox” the most succinct argument in favor of divided government I’ve heard: if a mugger is chasing you, you hope he’s slow. President Obama, the Pelosians and other Dems in full,…
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