Category: too much government

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Accountability free trade & free markets too much government

Krugman’s Crazy Crotchets

Paul Krugman is getting sillier and sillier these days. He’s supposed to be an economist, and not long ago some people in Sweden gave him an award for his economic work. So why would he suggest that economic incentives just don’t matter?

The New York Times columnist bashed Republican Senator Jon Kyl for stating that generous unemployment benefits can reduce the incentive to look for new work. Krugman says that this isn’t the textbook view of things shared by himself and the Democrats. “What Democrats believe,” Krugman says, “is what textbook economics says.”

Gee. So what does textbook economics say? 

James Taranto of the Wall Street Journal actually checked a textbook in economics. According to this textbook, “Public policy designed to help workers who lose their jobs can lead to structural unemployment as an unintended side effect.… In other countries, particularly in Europe, benefits are more generous and last longer. The drawback to this generosity is that it reduces a worker’s incentive to quickly find a new job.”

Interesting. So who wrote this textbook? Yes, that’s right: Paul Krugman.

This partisan fellow, Krugman, often seems to go out of his way to be contradictory as possible. Does he believe his own babbling? Or is he just trying to get a rise out of us?

Or is it to please his editors over at the Times?

Call it an economic incentive.

This is Common Sense. I’m Paul Jacob.

Categories
government transparency national politics & policies too much government

How to Find Out What’s In the Health Care Bill

When I heard what Nancy Pelosi said about the health care bill the other day, I did a double-​take. And had to double-​check the press release issued by Pelosi’s own office.

Yikes! She really said it! Then published it on her website to the accompaniment of bugles and trumpets! 

Okay, maybe I invented the bugles and trumpets. But not the words:

“Prevention, prevention, prevention — it’s about diet, not diabetes. It’s going to be very, very exciting. But we have to pass the bill so that you can find out what is in it, away from the fog of the controversy.”

Ah yes, the “fog of the controversy”! The way critics of this 2000-​page legislation have exposed the regimentation, price controls, new taxes, and choked-​off choices we’ll all suffer if the bill passes. How dare we!

Terrible that there’s actually debate about whether we should permanently lose more of our freedoms. Can’t we all agree to be trampled and then find out what it all means? After it’s too late to stop it?

No. Let’s dispel the fog right now. Let the government mail a copy of the bill to every voter. 

And let Congress agree that every voter must pass a 500-​question multiple choice quiz on its contents before Congress moves forward. 

Let’s dispel the fog before we’re saddled with this thing.

This is Common Sense. I’m Paul Jacob.

Categories
free trade & free markets too much government

The Color of Boom and Bust

You’ve heard of “green collar jobs.” But what about “glass collar jobs”?

The Heartland Institute just put out a handy little pamphlet called The Cap and Trade Handbook, by James M. Taylor. It debunks various aspects of today’s obsession with fixing the global climate by laying on new restrictions, regulations and taxes. On page 5, Taylor addresses, colorfully, the “green jobs” issue.

Would cap-​and-​trade create new jobs? The handbook says, “sure, forcing people to buy expensive alternative energy means some new jobs would be created in the wind and solar industry. But even more jobs would be destroyed in the more efficient conventional energy sectors.…”

True — new jobs would come at a cost. The pamphlet then considers what would happen if the government hired thugs to break our windows. Sure, “such a program would create a lot of new ‘glass collar’ jobs in the window repair industry.” But employment would not increase on net, and we’d obviously be worse off, not better.

Unfortunately, the big headline on the page insists that “There will be no employment boom in the ‘green collar’ jobs sector.” Not true, as explained. 

Just as subsidizing mortgages led to a housing boom this past decade, cap-​and-​trade policy would likely create a new boom industry that also would not sustain itself. And then explode. Spectacularly. Disastrously.

Financial bubbles break. That’s bad, no matter what color.

This is Common Sense. I’m Paul Jacob.

Categories
too much government

It’s the Spending

When running for governor of Virginia, Bob McDonnell said, “The worst thing you can do during a recession is try to tax yourself to prosperity,” and that Virginia has “a spending problem more than we have a taxation problem.” To this I would add only that it would be best if government were fiscally disciplined in both good times and bad.

Virginia’s state government is facing a shortfall of $4 billion over the next two years. A few weeks after reaching the governor’s mansion, McDonnell submitted a list of budget proposals to the legislature. These include mandatory furloughs, staff reductions, financial aid cuts, park closings, and hundreds of millions in cuts to spending on health and human services and K‑12 education.

Like Chris Christie in New Jersey, Virginia’s new governor is facing fervent opposition to any spending cuts. Unlike Christie, Governor McDonnell is less able or perhaps just less willing to act on his own to make any spending cuts, saying he is eager to collaborate with lawmakers.

Virginians must express their support for fiscal common sense and hope for the best. They could do a lot more if the state had a statewide initiative and referendum process; then they themselves could pass restraints on taxes and spending, at the ballot box. Unfortunately, when it comes to citizen initiative rights, Virginia gets an F.

This is Common Sense. I’m Paul Jacob.

Categories
national politics & policies too much government

Republicans Still Not Serious

Picnicking on railroad tracks? Not dangerous. Most of the time the tracks are free. Take out the picnic basket and pass the chips. Glug down a few drinks. 

The tracks are safe when there’s no train. 

After the train? Well, you’re dead. Not dangerous then, either.

Only in the moments while the train blares down on you is it actually dangerous.

This is modern politics. Our politicians have set us to party on the tracks, heedless of dangers. Increasing deficits? Mounting debt? Those are future problems!

That’s what politicians have been saying, in effect, for decades.

Irresponsible? Yes. So what else is new?

Republicans are lambasting Democrats for not taking deficits and debt seriously. But how serious are Republicans, really? Wisconsin Representative Paul Ryan has put forward what he calls a “road map” to solvency. He’s taking into consideration “entitlement” as well as “discretionary” spending; he’s elaborated a set of spending cuts, program cuts, as well as a tax abolition and a new business consumption tax that all together zero out the deficit and balance the budget … by 2063. 

So, have Republicans jumped onto his cause? No. They are, with the exception of nine co-​sponsors, avoiding him as if he were the onrushing train.

Michael Tanner of the Cato Institute calls Ryan’s Roadmap “a test” and says, “right now the Republican Party is failing it.” 

This is Common Sense. I’m Paul Jacob.

Categories
general freedom too much government

1984 in 2010

Students in a Pennsylvania school district are learning more about George Orwell’s novel 1984 than they had expected.

No, they’re not being subjected to “a boot stamping on a human face, forever” — the bottom line of Orwell’s bleak techno-​totalitarian dystopia — but they sure have gotten an unexpected taste of the telescreen in every room.

The Lower Merion School District says it intended no such thing when it handed out webcam-​equipped laptops to 1,800 students. It says that the only purpose of its ability to switch on the cams remotely was to help track lost or stolen laptops.

But Blake Robbins, a student at Harriton High, found out different. According to a class action lawsuit against the district, assistant principal Lindy Matsko confronted him about a bad deed he had allegedly done at home. As proof, Matsko pointed to an image on the laptop taken by the webcam. Matsko thought it showed Blake taking drugs. Blake says he had simply been eating Mike & Ike candies. Nor had he reported a lost laptop.

What exactly happened with these webcams will be thrashed out in court. It’s also being investigated by the FBI. But the district admits it never told anybody that it could operate the webcams remotely.

The kicker is this: Kids at the school had just read Orwell’s novel. I guess they’ll remember it better now.

This is Common Sense. I’m Paul Jacob.