Richard Rahn: Economic Lessons From The Olympics

Reward, not envy is the American way.  Do you admire what the Olympic athletes have been able to accomplish, and do you think they should be applauded for their outstanding performances? Most people in the world would answer the question in the affirmative. Most people also admire and applaud great musicians and artists. We celebrate   ... MORE

What Could Phelps Have Done Had He Not Smoked Pot?

by Nick Gillespie. As the sports world says a fond farewell to Michael Phelps, the most bemedaled Olympian that ever was, it's worth remembering the idiotic moral outrage that exploded when this picture of the eventual 18-gold-medal-winning swimmer surfaced in early 2009. To me, the most appalling aspect was the public apology that Phelps ended up giving ... MORE

Daniel J. Flynn: You Didn't Win That

What Michael Phelps hasn't learned about fairness.   Swimmer Michael Phelps won his twentieth Olympic medal last night when he defeated fellow American Ryan Lochte in the 200-meter medley. And his Olympics haven't yet ended. Should he qualify, Phelps could extend his medal record in the 100-meter butterfly later today and the 4x100-meter medley ... MORE

Jonathan V. Last: Go For The Gold! (Pay The IRS)

You win the gold, Uncle Sam collects $8,986. Because conservatives are scrooges, the good folks at Americans for Tax Reform have gone through the fine print to find out what our Olympians will have to cough up to the IRS should they be lucky enough to win any medals in London. Even by the standards of our government, the numbers   ... MORE

John Stossel: Myths We Live By

Why such faith in government? The Olympics have gone smoothly despite -- gasp! -- America's team wearing clothing made in China at the opening ceremony. "I'm so upset," said Senate Majority Leader Harry Reid. "Take all the uniforms, put them in a big pile, and burn them. ... We have people in the textile industry who are desperate for jobs." Here   ... MORE

Political Correctness Won The First Olympic Medal

Unpopular tweet gets Greek athlete expelled. The 2012 Summer Olympics have not gotten underway as yet and there is already drama taking place in London. Greek triple-jump champion Voula Papachristou caused quite an uproar with a racist tweet that got her expelled from the games. While most athletes look for ways to represent their country ... MORE