Many people like Sgt. Joe Friday’s approach to economic issues: ‘Just the facts, ma’am.’ The problem is that individual cold, hard facts, taken in isolation, often mislead. People like certainty and simplicity. But real life is uncertain and complicated. Consider…
Bush misses chance to be true conservative
Like father, like son. That kept running through my mind during the State of the Union address Tuesday. As his father did 16 years ago, President Bush ignored a golden opportunity to alter history by boldly advancing conservative ideas on…
Western ideas don’t always translate well
All societies are not the same. It’s a mistake to ignore that fact when implementing economic or military policies. Some economists have learned that to their regret over the years. The Bush administration needs to learn it now. At some…
Comprehensive forecasts impossible
Corn prices hit a 10-year high this week on news of the U.S. Department of Agriculture’s latest estimates of world supply and demand, specifically a 2006 crop that was somewhat smaller than 2004 and 2005, strong demand worldwide and burgeoning…