The Green Jobs Racket Exposed (Again)

Here’s an economic axiom which we’ve discussed here before, but which in this day and age is always worth repeating: If something is economically tenable, it never ever needs to be subsidized. The latest concretization of this fact comes from none other than the state-run Associated Press: After a year of crippling delays, President Barack…

Continue Reading →

An Easy Way To Prove That Healthcare is NOT A Right

Dr. Jack Cassell is a urologist in Florida. Just recently, he put the following notice on his Mount Dora practice: “If you voted for Obama, seek urologic care elsewhere. Changes to your healthcare begin right now, not in four years.” Cassell told reporters that he wasn’t refusing care to patients; he wanted only to educate…

Continue Reading →

Easter And Its Origins

A reader writes: Dear Sir: Why do rabbits and eggs represent Easter, which also celebrates the resurrection of Christ? — Peter Dear Peter: Easter primarily represents the advent of springtime, just as Christ’s resurrection does. The Old-English word Eastre derives from an Anglo-Saxon Pagan goddess named Eostre, about whom very little is known. What we…

Continue Reading →

Myths About Markets

There are approximately twenty million myths about markets and market capitalism, one of the most common being this: Markets don’t work well (or are inefficient) when there are negative or positive “externalities.” Here’s how Tom Palmer, philosopher and economist, bunks that canard: The mere existence of an externality is no argument for having the state…

Continue Reading →

The Truckdriver

The trucker who lives next door is seldom home. He’s a long-haul trucker, he’s over-the-road. He earns good money and does not spend. Something of the ascetical about him. He’s forty. His hair is long. He wears jeans and combat boots. Sallow and haggard, his face is handsome nevertheless. His willowy wife does not ride…

Continue Reading →

How Capitalism Enriches The Poor And The Working Class

When portable radios first appeared in American stores, the average American worker had to labor 13 hours to buy one; today he or she toils for about 1 hour. In the 1920s it took 79 hours of work to buy a nice men’s suit; today it takes less than half that. At the beginning of…

Continue Reading →

Seven Simple Rules for Health Care Reform

The 2000-plus-page ObamaCare legislation would of course obliterate any remnants of free-market medicine that still exists in this country, and in so doing it would not lower the cost of medicine, nor would it improve medical quality, nor would it ultimately insure more people, as the democrats themselves admit. The reason American medicine is so…

Continue Reading →

Political Theory: Theory of Government

Political theory is the theory of government. It is a sub-branch of ethics, and economics, in turn, is a sub-branch of politics. Ethics — the science of human action — precedes politics because politics is the science of human action in societies, and societies are composed only of individuals. For this reason, the individual has…

Continue Reading →

Rack and Pinion Steering

A reader writes: Dear Ray: What exactly is rack and pinion steering? Thanks, — Claude Bawls Dear Claude Bawls: The steering rack, as it’s known in the parlance of the trade, is a long iron bar, flat on one side, with thin serrations, known as “teeth,” which run the entire length of the steering rack.…

Continue Reading →

Are The Fish Really Being Mercury Poisoned?

If you smell something fishy in this latest wave of methyl mercury talk, the reason is that there is something fishy in it — very fishy — and it stinks to high heaven. Don’t be lured in. The relevant facts are these: In this country, there hasn’t been a single scientifically documented case of fish-related…

Continue Reading →

Vasily Grossman

The following is from Chapter 30 of my book Leave Us Alone — A Capitalist Credo: The Russian writer Vasily Grossman was born in 1905 in what is now the Ukrainian town of Berdichev. At that time, Berdichev was still part of the Russian Empire. Vasily Grossman attended high school in Kiev and then the…

Continue Reading →

Rose Wilder Lane And The Discovery Of Freedom

In 1943, a lady by the name of Rose Wilder Lane published a book called The Discovery of Freedom. It’s an absolutely original work of non-fiction, a salvo to human energy and the creative mind unshackled, and it influenced classic liberals and libertarians beyond number — and yet it has largely gone unacknowledged. From a…

Continue Reading →

McDonald’s And The Clam Shell

Speaking of clams without shells, it was in the late 1980’s that McDonald’s was bullied by burgeoning environmental groups (who were concerned about “how many trees it takes to make paper” ) into switching from paper packaging to Styrofoam containers. These containers are what McDonald’s soon came to call (apparently without irony) “clam shells.” Clam…

Continue Reading →

Interview

The following interview, which was brief but I think penetrating, was conducted January 27, in Aspen, Colorado, and appeared in the February issue of Cunning Stunts. The questions were put forth by the interviewer, Ms. Eileen Appleton, who has graciously allowed me to reprint it here: If he’s anything — and there does seem to…

Continue Reading →

I, Pencil — By Leonard Read

What goes into the making of a single pencil? In 1958, Leonard E. Read asked himself that very question — and wrote an elegant explication: I, Pencil, simple though I appear to be, have a profound lesson to teach. And I can teach this lesson better than can an automobile or an airplane or a…

Continue Reading →