This week, governments around the globe spun into full-scale panic thanks to the revelation of the so-called omicron variant of COVID-19. As of this writing, we know that omicron is likely more transmissible than prior variants. We have no evidence, however, that omicron is more deadly. To the contrary, Dr. Angelique Coetzee, chairwoman of the ...Read more
This week, a 39-year-old black man in Waukesha, Wisconsin, plowed a maroon Ford Escape into a Christmas parade of children and older women. Five people were killed and another 48 were injured. The motive of the suspect is unknown; if the media have their way, it will remain that way. The media apparently only care about why suspects commit ...Read more
According to the media, Kyle Rittenhouse was a white supremacist. According to the media, Kyle Rittenhouse was an active shooter. According to the media, Kyle Rittenhouse was a murderer.
In reality, he was none of these.
Kyle Rittenhouse was a 17-year-old young man who went to Kenosha, Wisconsin, in order to protect businesses and administer ...Read more
In 1958, British sociologist Michael Young coined the term "meritocracy" in his satirical novel, called "The Rise of the Meritocracy." Its point was simple: When intelligence and effort are selected by any society as the basis for success or failure, those with such merit begin to comprise their own class. That class hardens into an elite that ...Read more
This week, reality struck back against Democratic electoral utopianism. Since 2012, Democrats have been convinced that a new, durable, near-unbeatable political coalition was in the making: a coalition largely comprised of college-educated white voters, women, younger Americans and racial minorities. This coalition would overtake the ...Read more
This week, Democrats settled on an area of apparent commonality: the desire to eat the rich. According to Treasury Secretary Janet Yellen, "Senator Wyden and the Senate Finance Committee ... would impose a tax on unrealized gains on liquid assets held by extremely wealthy individuals, billionaires." While Yellen refused to call this a "wealth ...Read more
Human beings aren't great at assessing risk.
In 1979, psychologists Daniel Kahneman and Amos Tversky posited a new branch of behavioral economics, which they titled prospect theory. One of their key findings was that human beings are naturally loss-averse -- we generally are willing to forego the probability of gains in order to minimize the ...Read more
This week, the Biden administration received just the latest slap in the face from cruel reality: An economic report showing just 194,000 jobs added in the month of September, short of the 500,000 jobs forecast by most economists. The unemployment rate dived to 4.8% from 5.2% -- not as a result of job gains, but as a result of more and more ...Read more
This week, the University of Virginia Center for Politics released a poll surveying Americans' feelings about their political opponents. According to the poll, 80% of Biden voters and 84% of Trump voters believed that elected officials of the opposite party present a "clear and present danger to American democracy"; 78% of Biden voters believed ...Read more
This week, President Joe Biden made the incredible statement -- sycophantically repeated by the press -- that his $3.5 trillion budget bill, which includes major spending initiatives on everything from climate change to Medicare, would be "free." Biden tweeted, "My Build Back Better Agenda costs zero dollars. Instead of wasting money on tax ...Read more
This week, President Joe Biden attempted to inject life into his ailing presidency by dragging out of the closet the hoariest of political cliches: "fairness" in taxation. Touting his new $3.5 trillion tax and spending bill, which would radically increase corporate taxes, personal income taxes and so-called sin taxes, Biden stated, "It's not ...Read more
In 1629, frustrated by the unwillingness of Parliament to grant him taxation power, King Charles I of England dissolved the body and had nine members arrested. He did not recall Parliament for over a decade. The intervening period, known as Personal Rule, saw Charles I govern as a de facto dictator, with only a body of councilors to advise him. ...Read more