Category: free trade & free markets

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free trade & free markets general freedom ideological culture moral hazard nannyism national politics & policies too much government

Socialist Stasis, Disturbed

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As the President of the United States treads ground previously trod by such a personage nearly ninety years ago — Calvin Coolidge was the last U. S. Commander in Chief to make the trip to Cuba — we are understandably inundated with coverage.

Obama’s Cuba trip is Big News.

We see that Cuba is backwards — it is socialist, after all, so no surprise there — but slowly opening up to American travel and trade. The nation’s voluntary sector squirms under the omnipresent, oppressive feet of its regulators.

What we see now is the result of socialist repression. Cuba shows, perhaps, socialism’s best-case-scenario result, stasis. The island dystopia is in many ways a time capsule. Some of its current charm is that stuck-in-timed-ness.

But there is also endemic hopelessness in the country. The people are held back. Infantilized. Ruled.

And there is no disputing the fact that this is all the result of an excess of socialism. As I have argued before, the old standby, the Blame the US Embargo ploy, is one that socialists wield with devastating results — to their own ideology. Socialism is the suppression of free trade; pure socialism abolishes all trade, along with all private property. Blaming an embargo shows how important private property and capitalism itself are to socialism’s few successes.

Barack Obama is, right now, demonstrating the best case against socialists in his own party, by opening up Cuba to the wonderfully corrosive processes of the market.

This is Common Sense. I’m Paul Jacob.

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Accountability crime and punishment free trade & free markets general freedom moral hazard nannyism national politics & policies

The Peace Dividend

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Has the War on Drugs actually, finally, made some progress?

Well, yes . . . but, really, no.

“Legal marijuana may be doing at least one thing that a decades-long drug war couldn’t,” explains Christopher Ingraham in The Washington Post’s Wonkblog, “taking a bite out of Mexican drug cartels’ profits.”

Certainly “legal marijuana” is not the drug war. It’s that war’s antithesis.

Let’s recall, too, that legalization didn’t come about after five decades of drug war failure because politicians came to their senses, admitted their mistakes and advocated a different approach.

Instead, frustrated citizen leaders teamed up with successful entrepreneurs to launch ballot initiatives, allowing voters to directly decide the issue.

Domestic production isn’t driven merely by Colorado, Oregon, Washington State and the other Washington, the nation’s capital, where voters fully legalized possession. Marijuana for medical use is legal in 23 states, including California, where most domestic marijuana is grown. In these states, pot is widely prescribed.

Thus, a quasi-legal domestic marijuana industry was created. Lo and behold, now pot produced in the good old USA is outperforming pot grown south of the border.

The Drug Enforcement Agency (DEA) acknowledges that U.S. marijuana is being illegally smuggled into Mexico. (Maybe the smugglers will pay for the wall.)

On the other hand, what does it matter that the Mexican drug cartels are losing market share to non-violent American businesses?

Well, those cartels have waged a war with the Mexican government killing more than 164,000 citizens between 2007 and 2014. Less profit to fuel the Mexican drug lords in that bloody war is more for our peace and security.

This is Common Sense. I’m Paul Jacob.

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crime and punishment folly free trade & free markets general freedom ideological culture nannyism too much government

Potluck Rites, and Rights

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Progressives are becoming increasingly defensive about nearly all forms of Big Government, relentlessly telling us that we need government for everything from money and roads to food inspection and subsidies and . . . well, the list is endless.

Food safety is one of their favorite subjects, but I’m increasingly skeptical. Do we really need to be protected from our neighbors’ produce and cooked goods, as can be found in community bake sales and potlucks?

In Arizona, legislators had long carved out an exemption from commercial food safety regulations for potluck and similar “noncommercial social events.” Great. But there was an unfortunate limitation to the exemption: it applied only to such events that took place at a workplace.

Home or church? Potlucks there are still against the law.

So of course officials took the occasion of said “loophole” to crack down on some neighborly events in an Apache Junction mobile home park, in Pinal County.

I’m sure hundreds, perhaps thousands of these events are routinely ignored by Arizona’s police. Indeed, I bet half of the state’s better cops engage in such activities themselves — just because potlucks are part of everyday life all over the country.

But the idiotic regulation allowed public servants (loosely so called) discretionary powers to attack a few people for reasons tangential to community safety. Thankfully, Rep. Kelly Townsend has introduced HB 2341, which would extend potluck freedom beyond the office or warehouse workplace.

Let us be clear: this was not a problem waiting to be solved by Big Government. It is a Big Government problem to be solved by new legislation to de-regulate home and community potlucks.

This is Common Sense. I’m Paul Jacob.

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folly free trade & free markets ideological culture meme moral hazard nannyism national politics & policies too much government

What Kind of a Socialist is Bernie?

Bernie Sanders, monopoly, control, redistribution, central. planning, government, meme, illustration

He’s never met a government monopoly he didn’t love, or a free market service he didn’t distrust or despise…

…but don’t worry, he’s not really a socialist!

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Accountability folly free trade & free markets moral hazard porkbarrel politics too much government

Crony Corn

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The presidential campaign officially begins in Iowa. The Hawkeye State is also the nation’s corn-growing champion. Each year, Iowans sell 47 percent of that crop to produce ethanol, which accounts for a not-insignificant 8 percent of the state’s gross product.

Ethanol has friends in Washington, too. Congressional wizards have mandated that the gasoline pumped into cars throughout the land be diluted with ethanol — talk about a market guarantee!

At National Review, Jeremy Carl explains that “energy-policy experts of all political stripes can agree . . . mandates and subsidies to promote the use of corn ethanol (a policy first implemented by Jimmy Carter) are wasteful boondoggles that harm our environment and food supply while imposing billions of dollars of hidden costs on consumers. However, most energy-policy experts are not running for president in the Iowa caucuses.”

In 2008, both Sen. Hillary Clinton and Sen. John McCain flip-flopped to support the ethanol subsidies they had previously opposed.

But, this year, Sen. Ted Cruz and Sen. Rand Paul haven’t pandered along.

When Cruz rose to first place in the polls, Gov. Terry Branstad attacked, arguing, “It would be a big mistake for Iowa to support [Cruz]” because “his anti-renewable fuel stand . . . will cost us jobs, and will further reduce farm income . . .”

Yesterday, Fox News Sunday host Chris Wallace asked Cruz, “Why should [Iowa] voters side with you over the six-term governor of this state?”

“I think there should be no mandates and no subsidies whatsoever,” Cruz replied.

In today’s Iowa caucus, can Cruz overcome the forces of crony corn?

This is Common Sense. I’m Paul Jacob.

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Accountability free trade & free markets government transparency ideological culture media and media people nannyism national politics & policies responsibility

A Diminishing Lagtime

Flint, water, crisis, government, austerity

The modern age sports an amazing feature that used to be hard to detect, because so drawn out: a shorter-than-ever-before lag between the proposal of some popular inanity and its complete debunking.

It used to take seemingly forever for a bad idea to be shown up, either in argument or evidence. Now it can be a matter of days or even hours. Call it the Buncombe/Debunking Lagtime.

Take the Flint, Michigan, water fiasco.

When the story hit the news cycle, almost immediately the progressive meme machinery began cranking out slogans imposed upon visuals — jpegs and gifs — to the effect that the poisoned water was the result of Republican “austerity” or (even) “libertarian” policy.

Somehow a Democratic mayor was less to blame than a more distant Republican governor, but in the minds of knee-jerk partisans, common sense is not as important as an in-your-face accusation.

But now, days and scant weeks into the story, it turns out that the story behind the story is not merely wrong, but entirely, upside-down wrong. The Flint water fiasco was caused by a stimulus project, and the switch from bad to worse water sources was made to promote “jobs”!

In the words of Reason’s Shikha Dalmia, “the Flint water crisis is the result of a Keynesian stimulus project gone wrong.”

Yes, another failed Big Government policy — just like progressives are always pushing.

And it didn’t take years for the truth to seep out.

Hooray for today’s accelerated history! Now, if we could only decrease the lagtime between lesson given and lesson learned.

This is Common Sense. I’m Paul Jacob.

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folly free trade & free markets meme moral hazard national politics & policies too much government

Why government is (almost) never the solution. . .

big government, solutions, toxic assets, bank bailout, meme, illustration, Jim Gill, Paul Jacob, Common Sense

When you systematically reward failure, incompetence and irresponsibility…what results should you expect?

Bank Bailout

QE – Toxic Asset Government Purchases

Moral Hazard

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folly free trade & free markets ideological culture meme moral hazard nannyism responsibility too much government

Flint Water Crisis

Flint, water, crisis, poison, government, free market, austerity, failure, Common Sense, Meme, James Gill, Paul Jacob

Government failure checklist. . .

Reference:

The Government Poisoned Flint’s Water—
So Stop Blaming Everyone Else

Flint’s water crisis isn’t a failure of austerity. It’s a failure of government.

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Accountability folly free trade & free markets general freedom ideological culture moral hazard national politics & policies political challengers responsibility tax policy too much government

Berating Bernie?

Bernie Sanders, Glass Steagall, ratings, agency, Common Sense, illustration, Paul Jacob, James Gill

Bernie Sanders has risen in the polls. He may even beat Hillary Clinton in the first caucus and primary contests for the Democratic presidential nomination.

A cause for celebration! Witnessing a huge hunk of Americans accept Mrs. Clinton, the consummate and corrupt insider, is too disheartening.

Bernie Sanders, for all his faults, is at least not an insider like Hillary.

And even when he’s obviously wrong, he’s a breath of fresh atmosphere. Take his recent call for turning the credit ratings institutions into non-profits, or into government-run bureaus. It’s good to hear someone on the left blame something other than the partial repeal of Glass-Steagall as the cause of the Crash of 2008, and (thus?) of the current “Great Recession.” Glass-Steagall was utterly irrelevant to the institutions that were hit hardest in 2008’s collapse; it has, nevertheless, served as leftists’ idée fixe for years now. Embarrassing.

The ratings agencies, on the other hand, did play a part in the crash.

Still, remember: their prominence and importance (and very existence) in financial sectors rests entirely upon one provision of FDR’s New Deal.

More importantly, Bernie’s favored solution — government bureaus — is no solution at all. Europe’s ratings system failed in 2008, too, as Mark A. Calabria has noted, and “it was the international financial regulators, not the rating agencies, who decided that Greek debt was ‘risk-free.’”

Earth to Bernie: government regulatory failure is normal.

Calabria agrees that we need to have a political conversation about the ratings agencies, but insists it be “based on facts,” not ideology.

I’m all for the facts, but ideologies are inevitable. And ideologies promoting Big Government inevitably fail.

This is Common Sense. I’m Paul Jacob.

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crime and punishment folly free trade & free markets general freedom nannyism too much government

Law in the Tooth

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Why did Dr. Ben Burris give up his orthodontic license? Where did he go wrong?

Dr. Burris broke the law. He flagrantly violated the hallowed precepts of the Arkansas Dental Practices Act. Let me rinse and spit out the truth: This dentist illegally cleaned people’s teeth.

Not just once — he did it again and again. Often twice a year per patient — or victim, depending on your viewpoint.

Plus, brace yourself, he didn’t merely scrub their choppers, he did so — get this — at very low cost.

We need strong laws to stop such scoundrels.

That bastion of wisdom, the State of Arkansas, has no qualms about Dr. Burris’s qualifications to remove plaque from our incisors, canines and molars, having licensed him to practice dentistry. The problem is actually that Dr. Burris is over-qualified.

Especially to charge low prices!

Burris got licensed in a specialty: Orthodontia. You see, according to state law, a dentist so licensed “must limit his or her practice to the specialty in which he or she is licensed except in an emergency situation.”

Only after terrorist attacks or earthquakes can society risk allowing Orthodontists to daringly and brazenly polish people’s teeth. For less.

This particular statutory tyranny aims to close healthcare markets, minimize patient choice and keep dental costs artificially high. Luckily, beyond being maliciously wrongheaded, Arkansas’s dental law is absurdly foolish.

Dr. Burris dropped the federal court challenge being litigated by the Institute for Justice. Why? He discovered that by simply relinquishing his orthodontic license, he could legally practice orthodontics and clean people’s teeth at low cost.

He just can’t call himself an Orthodontist — but can call the law an ass.

This is Common Sense. I’m Paul Jacob.

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