Author: Redactor

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term limits

Term Limits’ Mysterious Impact

Dr. David Valentine seems surprised by what he calls “The Unintended Consequences of Term Limits.” Valentine, a tenured expert on legislative matters, served as director of the Missouri Senate’s Division of Research from 1985 to 2001 and is now Associate Director for Public Service at the Truman School of Public Affairs at the University of Missouri. According to his research, limiting the terms of Missouri legislators has led to — of all things — legislators serving less time in office.

Who’d have guessed?

“Over the course of ten years,” Valentine’s report found, “the average tenure for Missouri House Representatives dropped by almost two-thirds, from a little over five years to two years.” The average tenure for a state senator dropped from nine years to three.

So, the good Doctor has diagnosed the legislature as less knowledgeable due to term limits: “Tenure can be viewed as a surrogate for knowledge,” Valentine explains, “about state government, the legislative process and the chamber in which members serve.”

In layman’s terms, representatives are serving less time, and thus they know less . . . about the legislature. No evidence or tests necessary; take it as a given.

But could some other knowledge be of import to legislating, to governing? Like the knowledge of running a business and how laws and regulations impact business? Or could teaching experience provide insight into education policy? Or working in health care or agriculture or . . . well, you get the point.

But Dr. Valentine doesn’t. He’s still overcoming his shock that limiting tenure produces less tenure.

This is Common Sense. I’m Paul Jacob.

Categories
free trade & free markets ideological culture political challengers

New Orbits for Old

A recent study using something called “gravitational microlensing” suggests that every star has at least one planet. There are a lot of planets out there. So there “must” be Earth-similar planets. And “therefore” life. Intelligent life. And, and, and . . .

Back on Earth, the search for intelligence amongst the Republican presidential candidates (not to mention the Democratic incumbent) is a more haphazard affair. We lack that crucial microlensing.
Mars, the red planet
Yesterday I noted a peculiar alignment: Ron Paul defending Mitt Romney, with the other Republican wannabes piling against Romney in a disgraceful showing of anti-capitalism. Rep. Paul defended Romney not out of Republican loyalty, but out of principle. Does this suggest an affinity between the two, heretofore unnoticed?

Maybe. On the face of it, Romney doesn’t seem all that dissimilar from Barack Obama – not in foreign policy, surely not in big government instincts (the purveyors of unconstitutional medical regulations, each) — but his work in business does suggest that Romney might be an improvement on Obama, if elected. Marginally moving towards Paul’s apogee.

But the country needs more than just a marginal improvement, right now. Another centrist — even one who understands the social utility of the hostile takeover — won’t balance budgets. Not when the Washington orbit remains retrograde, unable to stop spending and borrowing like tomorrow is somebody else’s problem.

Which is why Ron Paul’s candidacy will retain traction for many primaries to come. Since our problems are the mainstream, Paul fills the need for something extra-mainstream — and, to normal political folks, that will undoubtedly seem “extra-terrestrial.”

In Washington, all intelligent life lies beyond the usual orbits.

This is Common Sense. I’m Paul Jacob.

Categories
Today

Ford sets land-speed record

On Jan. 12, 1904, Henry Ford set a land-speed record of 91.37 mph on the frozen surface of Lake St. Clair in Michigan, driving a four-wheel vehicle, dubbed the “999,” with a wooden chassis but no body or hood. Ford’s record was broken within a month, but the publicity from Ford’s achievement was valuable to the auto pioneer, who had incorporated the Ford Motor Company the previous year.

Categories
Thought

Henry Ford

“If you think you can do a thing or think you can’t do a thing, you’re right.”

Categories
free trade & free markets ideological culture national politics & policies

Firing People for Fun & Profit

After winning the New Hampshire primary last night, Mitt Romney charged that “some desperate Republicans” have joined forces with President Obama “to put free enterprise on trial.”

Newt Gingrich calls Romney a “vulture capitalist” and blasted his work as CEO of Bain Capital as “bankrupting companies and laying off employees.” Rick Perry snidely attacked Mitt for “all the jobs that he killed,” adding “I’m sure he was worried he would run out of pink slips.”
Presidential Candidate Mitt Romney
A Wall Street Journal report quoted Jon Huntsman: “What is clear is [Mr. Romney] likes firing people.”

So, did Romney say “I like being able to fire people”? What he said was, “I want individuals to have their own insurance. That means the insurance company will have an incentive to keep you healthy. It also means if you don’t like what they do, you can fire them. I like being able to fire people who provide services to me.”

I, too, like being able to fire companies who don’t adequately supply the services I demand.

Yet, what about Romney’s work at Bain Capital?

Bain Capital took firms having trouble making a profit and attempted to make them more profitable. Sometimes that meant cutting back the work force to avoid bankruptcy, where everyone would lose their jobs. Sometimes it meant cutting up a company and its assets and selling them to entrepreneurs who could do better.

Not all businesses succeed. No surprise, then, that politicians used to spending a seemingly unlimited supply of other people’s money regardless of performance fail to understand this simple reality.

To his credit, Ron Paul defended Romney, saying of Gingrich, Huntsman and Perry, “I think they’re wrong. They are either just demagoguing or they don’t have the vaguest idea how the market works.”

Or both.

This is Common Sense. I’m Paul Jacob.

Categories
Today

Woman hide Anne Frank dies at 100

On Jan. 11, 2010, Miep Gies, who helped to hide Anne Frank and her family from the Nazis during World War II, died in the Netherlands. She was 100 years old. In July 1942, the Frank family went into hiding in an attic apartment behind Otto Frank’s business. Gies, along with her husband Jan, a Dutch social worker, and several of Otto Frank’s other employees risked their lives to smuggle food and supplies to the Franks and several other Jews in hiding. After the Franks were discovered in 1944 and sent to concentration camps, Gies rescued the notebooks that Anne Frank left behind describing her two years in hiding. These writings were later published as “Anne Frank: The Diary of a Young Girl,” which became one of the most widely read accounts of the Holocaust.

Categories
Thought

Anne Frank

“Who would ever think that so much went on in the soul of a young girl?”

Categories
free trade & free markets ideological culture

Downs and Ups

We hear more about inequality when times get tough than when the economy is booming.

This suggests most people are satisfied with positive growth, but that, when the opposite occurs, some fall back to covetousness and envy. When dissatisfied, we look around for someone to blame.

So what’s roadblocking the long-run upward trend?

There’s the recent bust in the ol’ boom-and-bust. But there’s a deeper problem here. Maybe.

Sheldon Richman, editor of The Freeman, notes that America’s upward mobility is stymied by a whole heckuva lot of government intervention . . . and that a New York Times story about how Americans “enjoy less economic mobility than their peers in Canada and much of Western Europe” should surprise no one, for America isn’t “the land of the free” and Europe isn’t exactly  “socialist” — it’s more a case that the “economies of America, Canada, and Europe are all variations of corporatism, in which government power primarily benefits the well-connected and well-to-do.”

America differs from Europe in the particulars of its interventionism, not in kind.

Still, things could be worse. Veronique de Rugy, writing in the February Reason (not yet online), shows that downward mobility was in evidence pre-Bailouts. Of 1999’s 675,000 millionaires, only 38,000 remained millionaires in 2007.

That, surely, is enough 1 percenter income decline to satisfy your worst schadenfreude.

On a brighter note, de Rugy insists there’s still dynamism in the American economy, and that the lowest income earners had, during the same pre-bust period, made substantial gains.

This is Common Sense. I’m Paul Jacob.

Categories
Today

Ryan commutes death sentences

On Jan. 10, 2003, then-Illinois Governor George Ryan commuted the death sentences of 167 prisoners on Illinois’ death row in the aftermath of a scandal involving Chicago detective Jon Burge, who was accused of torturing suspects into making confessions and later found guilty of perjury and obstruction of justice.

On Jan. 10, 1738, Ethan Allen was born. Allen was a Revolutionary War hero, who led the Green Mountain Boys to capture Fort Ticonderoga in May 1775. Allen is also known as one fo the founders of the State of Vermont.

 

Categories
Thought

Lord Acton, born Jan. 10, 1834

“Power tends to corrupt, and absolute power corrupts absolutely.”