The traditional fixed-rate 30-year mortgages, which were once a majority of all mortgages, were no longer a majority during the housing boom, as ARMs and other creative ways of financing the purchase...
The only way anyone can have a right to something that has to be produced is to force someone else to produce it for him. The more things are provided as rights, the less the recipients have to work a...
The ideological component of multiculturalism can be summarized as a cultural relativism which finds the prominence of Western civilization in the world or in the schools intolerable. Behind this atti...
The history of black workers in the United States illustrates the point. As already noted, from the late nineteenth-century on through the middle of the twentieth century, the labor force participatio...
The cavemen had the same natural resources at their disposal as we have today, and the difference between their standard of living and ours is a difference between the knowledge they could bring to be...
Seldom do people think things through foolishly. More often, they do not bother to think things through at all, so that even brainy individuals can reach untenable conclusions because their brainpower...
President Obama keeps telling us that he is creating jobs. But more and more Americans have no jobs. The unemployment rate has declined slightly, but only because many people have stopped looking for...
No matter how much people on the left talk about compassion, they have no compassion for the taxpayers.
Moreover, even in the absence of accumulating personal experience, it was difficult to believe that soaring murder statistics reflected simply better record keeping, since it had always been hard to i...
Including the differential mortgage loan approval rates between Asian Americans and whites shows that the same methods to conclude that that blacks are discriminated against in mortgage lending would...
In short, rent control reduces the rate of housing turnover.
In short, even though some individual slaveowners grew rich and some family fortunes were founded on the exploitation of slaves, that is very different from saying that the whole society, or even its...
Guns are completely inappropriate for the kind of sheep-like people the anointed envision or the orderly, prepackaged world in which they are to live. When you are in mortal danger, you are supposed t...
Economics is more than just a way to see patterns or to unravel puzzling anomalies. Its fundamental concern is with the material standard of living of society as a whole and how that is affected by pa...
Complex and time-consuming international economic transactions, including long-term investments, are particularly dependent on a reliable framework of law, so that changes of government policy or of i...
But the actual arguments advocated by Secretary Mellon had nothing to do with a trickle-down theory. Mellon pointed out that, under the high income tax rates at the end of the Woodrow Wilson administr...
But his was an understandable mistake, given how little attention is paid to accuracy in history and how often history is used as just a propaganda tool in current controversies.
Although Adam Smith is today often regarded as a conservative figure, he in fact attacked some of the dominant ideas and interests of his own times. Moreover, the idea of a spontaneously self-equilibr...
Age gives you an excuse for not being very good at things that you were not very good at when you were young.
A very distinct pattern has emerged repeatedly when policies favored by the anointed turn out to fail. This pattern typically has four stages: STAGE 1. THE CRISIS: Some situation exists, whose negativ...