One day, perhaps, the northern people of Europe will be able to enter into a partnership with the southern people. But, until they come to appreciate each other, they should have an affair instead of a marriage.
Author: Clifford Thies
In a free-market economy, people have healthy incentives to work and save, to form businesses and invest, to explore, innovate and invent, in these and other ways “to truck and barter.” The incessant desire of man to do better, whether through profit or achievement or goodness, when governed by the rule of law, leads to a progressive society.
For many people, Pittsburgh is defined by the confluence of the Alleghany and Monongahela Rivers, out of which is formed the Ohio River. Three Rivers. But, Pittsburgh was transformed from a disease-infested frontier town into a great city by a different kind of confluence: the combination of coal from West Virginia and iron from Minnesota and the upper peninsula of Michigan.
At Saturday’s Republican debate, several candidates were asked to define “conservatism.” Marco Rubio gave a politically-astute answer. He said conservatism embodies three principles: (1) limited government under the framework of the Constitution, (2) free-market economics and (3) peace through strength. Donald Trump gave an answer in keeping with the root word “conserve,” he conserve that which one has.
In something of a joke, President Barack Obama says Americans should actually read the Transpacific Partnership Agreement. The agreement itself consists of 30 chapters, with 144 annexes (43 of which are imbedded into specific chapters). Assuming the average American reads 200 pages a day, it would take a month. The length and complexity of the TPP Agreement signals that it is not fundamentally a free trade agreement, but is rather a managed trade agreement. As Obama has said, “I know that if you take a look at what’s actually in the TPP, you will see that this is, in fact, a new type of trade deal.”
A little more than a year ago, it was Jonathan Gruber of MIT disparaging the American voter. Now, it’s Paul Krugman formerly of Princeton. In a recent interview, trying to explain why Republicans won the elections of 2014, he said “people have impressions that are often not right and they can be gamed.” Presumably, all would be right in the world if Democrats just talked more slowly. “Vote … for … me … and … I … will … give …. you … more … free … stuff.”
One of the potential contenders for the Republican nomination for President, Governor Scott Walker of Wisconsin, was surprise-asked the evolution question. The liberal media recurrently seeks to entertain itself with such “gotcha” questions. Their guys can sound as though they are confused about the number of states, or refer to the “inter-continental railroad,” and they’ll dismiss these things as foibles. But, they have a different rule for Republicans. Back in the days of Warren Harding, his supposed lack of intelligence was due, the progressives intimated, to his mixed-race heritage. Nowadays, the progressives consider the white race to be suspect.
From his first great insight into racial discrimination, through subsequent insights into schooling, the family, crime, addictive behaviors and even suicide, Gary Becker re-unified the social sciences, with economics as the King, mathematics as the Queen and statistics as the Jack.
The media is giving mixed reports of Cardinal Dolan’s interview on Meet the Press with David Gregory. According to Fox News, the Catholics oppose Obamacare and, according to NBC News, the Catholics embrace it.
Transparency, therefore, has little to do with being accountable to the political branches of government. It’s about allaying the concerns of the financial market in the face of accommodative monetary policy.
The release of a supplemental poverty measure by the Census Bureau is being touted as the government is not doing enough to ameliorate poverty in the country… But the real problem is that the government is already doing too much.
Did Janet Yellen,
(1) see any problem in the housing bubble,
(2) anticipate the bursting of the housing bubble; and,
(3) anticipate its implications for the U.S. economy?
The answers are (1) no, (2) no, and (3) no.
With the collapse of the real estate bubble, many normally self-sufficient individuals and families found themselves not only out of work, but homeless. This caused a surge in the number of “tent cities” in the United States. To really help our fellow man, we should shift from enabling others to not work to insisting that they do.
The apparent divergence between Labor Productivity and earnings has been noticed by various progressive think tanks and is now making its way into public discourse. The divergence is easy to explain.