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The Tools of Capitalism

George Gilder in The New Edition of Wealth and Poverty made an interesting observation that capital is the tool of capitalism like books are the tools of the intellectuals and academics.  This analogy led me to my article in American Thinker Craftsmen of Capital...

The Greedy 99%

David Goldman, always with an original perspective, writes An Economic Primer: Why Americans Won’t Invest in Themselves in Pajamas Media, 9/27/12 Excerpts Pension and retirement funds in the United States control $16 trillion in assets. That’s more than double the...

The Perpetual Crisis of Human Existence

Natural history is a saga not of balance but of convulsive changes, wiping out whole species left and right, transforming continents, evulsing mountains, and flooding vast plains and valleys.  There is no such thing as equilibrium, in ecology any more than in...

Capital Destruction

From the Wall Street Journal – A Capital Gains Primer. Excerpts: Far from being a loophole, the low tax rate applied to capital gains is beneficial and fair for several reasons. First, under current tax rules, all gains from investments are fully taxed, but all...

Hope is Not Leadership

Jeff Jacoby writes The Ghost of Jimmy Carter excerpts: Like all presidents, Reagan got many things wrong. But one thing he got very right was that American weakness is provocative. A foreign-policy blueprint that emphasizes the need for American constraint, deference,...