Thomas Sowell: Reckless Spending - High Speed Rail

Nothing more clearly illustrates the utter irresponsibility of Barack Obama than his advocacy of "high-speed rail." The man is not stupid. He knows how to use words that will sound wonderful to people who do not bother to stop and think. High-speed rail may be feasible in parts of Europe or Japan, where the population density is much higher than in the United States. But, without enough people packed into a given space,  ...   MORE

John Stossel: Why Does Government Suppress Information

Sunday night is Oscar night! Think you know who's going to win? Want to make a bet? The Hollywood Stock Exchange allows people to bet on which movies, actors, directors, etc. will take home Academy Awards. You can also bet on how much money a movie might make. It's called a prediction market ... except unlike other prediction markets, bettors can't use real money. What fun is that?  ... MORE