Perhaps the most important thing about risk is its inescapability. Particular individuals, groups, or institutions may be sheltered from risk - but only at the cost of having someone else bear that ri...
No government of the left has done as much for the poor as capitalism has. Even when it comes to the redistribution of income, the left talks the talk but the free market walks the walk.What do the po...
Most officially poor Americans today have things that middle-class Americans of an earlier time could only dream about—including color TV, videocassette recorders, microwave ovens, and their own cars....
Moreover, the reasons for proposing such tax cuts are often verbally transformed from those of the advocates— namely, changing economic behavior in ways that generate more output, income and resulting...
Lamenting the vagaries of fate may leave us with a galling sense of helpless frustration, which many escape by transforming the tragedy of the human condition into the specific sins of specific societ...
It was in the wake of these erosions of economic controls that intellectual challenges were then made to the role of government in the economy, first by the Physiocrats in France, who coined the term...
Gun control zealots compare the United States and England to show that murder rates are lower where restrictions on ownership of firearms are more severe. But you could just as easily compare Switzerl...
Galling as it may be to be helpless to redress the crying injustices of the past, symbolic expiation in the present can only create new injustices among the living and new problems for the future, whe...
Freedom must be distinguished from democracy, with which it is often confused.
Failure is part of the natural cycle of business. Companies are born, companies die, capitalism moves forward. Fortunemagazine{115}
Despite whatever the left may say, or even believe, about their concern for the poor, their actual behavior shows their interest in the poor to be greatest when the poor can be used as a focus of the...
At various times and places, particular individuals have argued that existing tax rates are so high that the government could collect more tax revenues if it lowered those tax rates, because the chang...
As in the general society, fertility tends to be greatest where people are poorest: The rich get richer, and the poor have children. In
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...
. ideology. . . is an instrument of power; a defense mechanism against information; a pretext for eluding moral constraints in doing or approving evil with a clean conscience; and finally, a way of ba...
That does not distinguish Germans from Europeans in general—or from human beings in general, when it comes to vile or vicious things being said or done to any number of ethnic or other minorities in c...
Teachers who pander to minority students by turning their courses into rap sessions and ethnic navel-gazing exercises capture their interest and allegiance.
Where recyling takes place only in response to political pressures and exhortations, it need not meet the test of being incrementally worth its incremental costs. Accordingly, studies of government-im...
What all these lofty and vague phrases boil down to is that the court can impose things that the voters don't want and the Constitution does not require, but which are in vogue in circles to which the...
The results show how unreliable peer consensus can be, even when it is a peer consensus of highly intellectual people, if those people share a very similar vision of the world and treat its conclusion...