Walter E Williams: Profits Are For People

Profit is not a four-letter word. The Occupy Wall Street demonstrators are demanding "people before profits" — as if profit motivation were the source of mankind's troubles — when it's often the absence of profit motivation that's the true villain. First, let's get both the definition and magnitude of profits out of the way. Profits represent the residual claim earned by entrepreneurs.  ... MORE

Random Roadblocks In The Name Of Terrorism

TSA's warrantless search and seizures go on the road. When the US Transportation Security Administration (TSA) announced last year that it would soon begin setting up security checkpoints in places other than just airports, it definitely was not joking. News Channel 5 in Nashville, Tenn., has announced that Tennessee is the official inaugural state for the launch of TSA's ... MORE

VIDEO: Thomas Sowell - Parallels To Rome