Categories
free trade & free markets government transparency national politics & policies too much government

A Question Worth Asking?

The presidential candidates talk about leadership and change. What’s the one question that combines both, but is not asked? Simple: What happens if it all comes crashing down?

After the worst stock market drop since 9/11, the question doesn’t seem so out of place. Our federal government’s debt is rising fast. Even if we balanced the budget tomorrow, the government would have a deep, multi-trillion dollar debt. Trillions and trillions, you might say.

So, Mr. Obama; so, Mr. McCain — what do you do when the Treasury can’t find anyone to invest in all the debt we have created, and must maintain? What do we do when the compounding of interest and increased deficits make monthly maintenance impossible?

Neither of you have even suggested a balanced budget early in your first term. So what do you do when our credit goes crunch?

Add to this the federal government’s obligations to the citizenry, in the form of Social Security retirements and Medicare and pensions and such, and what can you do?

How do you stave off — or, if not, survive — a worldwide depression?

The scenario is not fantastic. Just look at current figures and crunch the numbers.

So, what would Senators Obama and McCain say? I’d be curious what Bob Barr and Ralph Nader would say, too. Have they thought of the possibility?

This is one question that sure would make the upcoming debates interesting.

This is Common Sense. I’m Paul Jacob.

Categories
general freedom too much government

Ideas Semi-Move the World

Ideas move the world. Want a better world, spread good ideas as widely as possible.

If you can expose enough people to the right ideas, everything will work out for the best, with an ever-wider vista of freedom and achievement as the inevitable consequence. Right?

Well . . . not quite. Ideas and values don’t have any kind of independent existence. Individuals must accept and apply them. Hillary Clinton once admitted to being inspired by Atlas Shrugged, Ayn Rand’s mammoth novel celebrating freedom and entrepreneurship and attacking socialism. Yet Hillary still ended up trying to ram socialist health care down our throats. And she ain’t done yet.

Or take Vladimir Putin, the repressive semi-post-Communist Russian leader whose government just invaded the former satellite country of Georgia. The autocratic Putin is no Stalin, but he’s no Jefferson either . . . even if he did attend a Cato seminar on the values of a free society.

It’s true! I recently stumbled across a 2004 issue of Cato Policy Report, published by the libertarian Cato Institute. Ed Crane, Cato’s president, reported that during a long meeting with Putin, Crane and others discussed the benefits of a free press and concerns that the Russian government was repressing the media. Putin seemed open to a more across-the-board freedom. He even said he wanted to “make Moscow the center of liberal debate in Europe.”

Really? Try a little harder, Vlad.

This is Common Sense. I’m Paul Jacob.

Categories
free trade & free markets local leaders too much government

Gateway Capitalism

You’ve heard of “gateway drugs.” What about “gateway capitalism”?

The mayor of Clayton, California, apparently believes that two little girls selling zucchinis and melons by the roadside is the start of something bad.

The city cracked down on Katie and Sabrina Lewis’s veggie stand. Mayor Gregg Manning defended the bust, saying that “They may start out with a little card-table and selling a couple of things, but then who is to say what else they have. Is all the produce made there, do they make it themselves? Are they going to have eggs and chickens for sale next?”

Heavens! Capitalism run amok! Streetside vendors are to be allowed only when city governments run the show, as in the growing movement to establish old-fashioned day-markets. You know, Saturday Markets and Sunday Markets and the like.

But veggie stands, like dreaded lemonade stands, are illegal in Clayton.

You can understand the concern, I guess: Traffic problems. This police operation started off on one complaint. But most neighbors defend the stand, saying that traffic was never a problem.

So now 11-year-old Katie has gotten political. She circulated a petition to reopen the stand, and has lots of signatures. Best of luck to Katie and Sabrina, but I am afraid that the lesson you’ll really be learning isn’t about capitalism at all. It’s about bureaucracy.

And an awful void of common sense.

This is Common Sense. I’m Paul Jacob.

Categories
judiciary property rights too much government

© Is for California

You might think that there’s nothing a government won’t try. You’d be right. But I was near stupified to learn that the state of California copyrights its laws. And it’s not alone.

The state tries to control — through copyright — how you can access its laws, where and how you store them, etc. The state makes available its building codes, plumbing standards and criminal laws online, but requires you to ask for permission to download them!

The state’s out to make money. It charges $1,556 for a digital version, more for a print-out, and makes nearly a million dollars a year selling what is legally ours.

Yes, what’s ours. We are a nation of laws, not of men, and we have the right to own and reprint our laws as much as we want. The purpose of copyright is to ensure private parties can maintain some control over their intellectual property. But the laws themselves are, in point of elementary political theory, the intellectual property of all. Not of state bureaus.

Thankfully, heroic Internet technician and mover and shaker Carl Malamud believes in government transparency. And he, unlike Al Gore, really worked to help build the Internet.

On Labor Day Mr. Malamud published the whole California code online. Available for free.

Obviously, Malamud is spoiling for a fight. Good. He should win it. He has, after all, the law (if not the state) on his side.

This is Common Sense. I’m Paul Jacob.

Categories
free trade & free markets too much government

Bootless Economic Policy

When I was a kid, what we now call flip-flops were called thongs. When I use the word “thong” about footwear, today, I get funny looks from the kids.

Whether it’s today’s thong, or yesteryear’s, both are skimpy. When you walk, the footwear goes “flip flop, flip flop”; what happens to the underwear, well . . .

Modern Democratic Party economic policy is like the underwear — it quickly creeps into uncomfortable places. Republican economic policy resembles the Democrats’, but also the footwear. Take John McCain’s economic policy: “flip flop, flip flop.”

Recently, McCain pompously took credit for “putting” and “keeping [Americans] in their homes.” Give me a break! He’s not paying the mortgage. I liked it better when, after the housing bubble began to burst, McCain said we should be wary of subsidizing bad business decisions with a massive bailout.

But not long after saying that he then specified a whole bunch of bailout measures. Flip. Hillary Clinton chortled that at last he was getting it, but he wasn’t going far enough.

His basic problem, though, goes back to his philosophy. He said that he’s “committed to using all the resources of this government and great nation to create opportunity and make sure that every deserving American has a good job and can achieve their American dream.”

Flop. To ensure his goal, he should not use all the resources of government!

Sometimes less is more. Like . . . sandals.

This is Common Sense. I’m Paul Jacob.

Categories
free trade & free markets too much government

Wind Turbine Blues

I’m all for alternative sources of energy . . . providing that they actually produce enough to cover their costs.

Sad to say, it’s beginning to look like wind power is for the birds, if not the bats.

One big fear some people had about wind turbines was that they might kill too many birds. Think giant food processors in the sky.

But it turns out that the bigger danger is to bats. Dead bats are found all around wind turbines. Why?

Wind pressure. The poor little creatures can’t stand the quick change in air pressure around those spinning blades.

Meanwhile, the Massachusetts Technology Collaborative, the government agency overseeing the state’s rebate programs for alternative energy, has put a halt to subsidizing small wind turbines. No more bucks for housetop windmills, folks.

The agency sponsored a study that has calculated that the average energy output for the turbines reviewed was no more than 27 percent of what installers had projected. It could be worse, and sometimes is. In Britain, a study found that some poorly placed turbines sucked up more energy converting current from DC to household AC than produced, making them economic and energy sink holes.

We should remember, when activists start talking about revolutionizing things, that subsidies are for the birds, and technology based on hope alone, bats.

It’s from successful business operations that future revolutions come, not from mere wishful thinking. Or any amount of government subsidy.

This is Common Sense. I’m Paul Jacob.

Categories
Accountability free trade & free markets national politics & policies too much government

McCain’s Admission

John McCain is a man on a mission. But it was his admission that Republicans in Washington have lost their way that jumped out at me as I listened to his speech accepting the Republican Party presidential nomination.

“I fight to restore the pride and principles of our party,” he told Republicans. “We were elected to change Washington, and we let Washington change us.”

Everyone already knows this. We’ve watched power politics triumph over principle.

But it was still nice to hear McCain say it. The first step toward solving a problem is to recognize you have one.

McCain went on to admit, “We lost the trust of the American people when some Republicans gave in to the temptations of corruption. We lost their trust when rather than reform government, both parties made it bigger.”

Oh, yeah, a whole lot bigger.

I began shouting about Republicans selling out principle early on, when, after Republicans took the House back in the 1990s, they quickly also took a dive on enacting term limits.

And the sell-outs just kept coming. Republicans traded their rank and file supporters for a bevy of big special interests.

McCain says he wants to take the party “back to basics,” vowing “low taxes, spending discipline, and open markets.”

That’s the right message. And McCain’s opposition to earmarks is to his credit. But are voters ready to believe it?

This is Common Sense. I’m Paul Jacob.

Categories
free trade & free markets too much government

Stay Awake for the Brownouts

Years ago, I would actually listen to lectures by economists on how the electric grid might function better. Pretty much only one thing remains in my head, the conclusion: Regulatory agencies and government-run electrical companies tend to be very inefficient when it comes to capitalizing their enterprises.

Have you nodded off, yet?

Sorry. There’s always been something a bit boring about these discussions. But the subject matter is really worth staying awake for.

Why?

Well, experts predict that in as soon as three years, Washington, D.C., Virginia, and Maryland — the area where I live — will be enduring rolling brownouts.

It’s not the fault of PJM, the already-regulated electric transmission company servicing the area. It’s the fault of members of Virginia’s State Corporation Commission and Maryland’s Public Service Commission.

Yes, ever more people are moving into the area. But the officials in charge of allowing new electric infrastructure to be set in place are refusing to grant permission to lay down the miles of new high-voltage electric lines the increasing demand requires.

What’s their rationale? Board members say they need more studies. Bureaucrats love studies. Could it be that friends and family and business partners of the board would be amongst those doing the studies?

I bet economists would have a less incendiary explanation. But the upshot is clear. Bureaucracies can be dangerously slow institutions to rest progress upon.

This is Common Sense. I’m Paul Jacob.

Categories
Common Sense Second Amendment rights too much government

I Second that Amendment

The First Amendment recognizes some very basic rights:

  • to speak truth to power, personally and through the press;
  • to practice our religion – or not – as we choose;
  • to associate with others and peaceably assemble together;
  • to petition our government for a redress of grievances.

The Second Amendment, which recognizes our right to arm ourselves, means we – as individuals – may legally and practically secure the rights of the First.

Or does it?

The Amendment reads: “A well regulated militia being necessary to the security of a free State, the right of the people to keep and bear Arms shall not be infringed.”

A debate has raged over what these words actually mean. Does the Amendment support an individual right to be armed . . . or only when enlisted in a state militia? This makes a big difference for gun regulation and prohibition.

Now, in the case D.C. v. Heller, the U.S. Supreme Court has settled the issue. Voting 5-4, the court says Yes, the Second Amendment does enshrine an individual right to bear arms.

This makes perfect sense to me. That’s why the framers wrote “right of the people.”

Indeed, this is a wonderful victory for freedom.

It is also welcome news for Washington, D.C., residents who now, whether driving a cab or sitting at home alone, will be able to protect themselves. Which means, in the end, less crime and violence.

This is Common Sense. I’m Paul Jacob.

Categories
Accountability Common Sense insider corruption porkbarrel politics too much government

Waterboarding Term Limits

Here’s a story about a government board whose members endlessly dish out taxpayer money. And want endless years in power to keep doing so.

Recently, members of the Santa Clara water board approved steep salary hikes for two of their staffers, making them the highest-paid for their jobs in all of California. For example, the water district attorney will get an 8-percent hike so that she now pulls down $221,720 a year. Well, not exactly. She also got a $12,000 bonus. Then there’s her monthly car allowance: $750.

Yikes. Guess I’m in the wrong line of work.

Interestingly, the board doled out these huge hikes right after refusing to consider a proposal to let voters consider term-limiting board members. These antics are a strong argument for privatizing the water industry, frankly. Short of that, these guys definitely need to be term-limited.

It’s not exactly a secret in Santa Clara that the town’s water board is lavish with its budget. A spate of critical stories made the rounds of California papers after the board’s latest twirl of the financial spigot. As one reporter notes, the board has been “buffeted by charges of excessive spending.”

But you know, there’s buffeting and there’s buffeting. Trust me, any kind of buffeting that leaves incumbents in place to continue their exploitative fun and games is not enough buffeting.

Oh, forget “buffeting”! I’ll take term limits.

This is Common Sense. I’m Paul Jacob.