Category: ideological culture

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

ObamaCare’s Casualties

healthcare, Obamacare, TrumpCare, ACA, Affordable Care Act, Healthcare reform, government, socialism

We all know the truth: Partisan “warfare” yields the usual war casualty, truth itself. Now, because of the increasing weight of federal government presence in healthcare markets, partisan untruth incurs medical costs.

Take the goofy Republican plan(s) to “repeal and replace” ObamaCare — pushed with so many half-truths and downright lies that one wonders where to begin. But before die-hard Republicans get too incensed about this judgment, let’s note that the supporters of the mis-named “Affordable Care Act” are no better.

Probably worse.

“Fact-checking,” writes David Harsanyi on the media mishandling of ObamaCare, “has evolved from an occasionally useful medium to an exercise in revisionism and diversion.” Journalists now seem more like spin doctors.

And their patient? The reputation of ObamaCare’s namesake.

One journalist, for example, insists that “Obama didn’t lie or ‘mangle facts’ or mislead anyone,” Harsanyi writes.

What does this journalist claim Obama did in repeatedly promising “if you like your doctor you can keep your doctor”?

Well, “he gave a ‘misguided . . . pledge.’ The word ‘misguided’ intimates that Obama wasn’t misleading anyone on purpose.”

It helps the former president save face if he accidentally got us in this fix. He had the best intentions, you know.

Worse yet, as both sides snipe about these little untruths, they lose sight of the biggest truth, which I wrote about this weekend: that “government-run” means “government-decided,” and that, in turn, means

government deciding matters of your life and your death.

It would be helpful if our leaders took this all a bit more seriously, daring to speak truth . . . to us . . . as well as to themselves and each other.

This is Common Sense. I’m Paul Jacob.

Printable PDF

 

Categories
education and schooling free trade & free markets general freedom ideological culture media and media people national politics & policies privacy property rights responsibility too much government U.S. Constitution

According to Economics

Tom Woods, Contra Krugman, podcast, healthcare, welfare,

“Everywhere you look, economics is despised,” writes Tom Woods in his Tuesday email letter.

You know what isn’t despised? A daily email letter.*

But I digress; back to economics.

“The gimme-free-stuff people hate it because they don’t like being told that there might be undesirable side effects from seizing other people’s things.”

Well, true enough. But turn it around: many people demand free stuff at least in part because they do not understand the bigger picture . . . which Mr. Woods ably provides in his daily podcast and on his weekly Contra Krugman podcast with economist Bob Murphy.

“Politicians hate it, because it imposes logical constraints on what political activity can accomplish.”

True, but, like many in the general public (from whence they come), politicians’ prior lack of economic knowledge also leads, in part, to their hubris.

“Even some folks in the business world hate it, because (1) they’d rather agitate for special privileges than hear the case for free markets, and (2) they’d rather have low interest rates than be warned about the causes of the business cycle.”

Yes, too true. But, again, business people are generally just people, most of whom haven’t even been exposed to something beyond boring and misleading textbook econ, if that. Mr. Woods knows that, since that’s what his mission is, exposing more folks to ideas beyond what he calls “the index card of allowable opinion.”

Well, I’m all about allowing the unallowable — if it’s right!

This is Common Sense. I’m Paul Jacob.

 

* Historian Woods is now doing what I’ve been doing since 1999, providing a daily common-sense thought that is short and easy-to-read and dropped into your email box every weekday. Mine goes up online at ThisIsCommonSense.com; I don’t see his on his website . . . but I do see a lot of books and podcasts!

Printable PDF

 

Categories
Accountability folly general freedom ideological culture moral hazard nannyism national politics & policies property rights responsibility too much government

The Worst Is the Enemy of the Cure

Obamacare, healthcare, single payer, Ryancare, Trumpcare, government, Affordable Care Act

You’ve heard the adage: “the perfect is the enemy of the good.” This can be true in politics, where opposing an ameliorating reform because it is not ideal means, sometimes, getting stuck with unmitigated policy disasters.

But there’s a corollary: in politics the worst is likely to emerge . . . when practiced compromisers succumb to fearing the best, because unpalatable, or perhaps not in line with political interests.* Trying to avoid the “best is the enemy of the good,” we’re left with the outrageously awful.

Cures worse than the disease are not uncommon. The Democrats’ “Affordable Care Act” (ObamaCare) was a clumsy, badly drafted hodgepodge designed to fix problems by doing the opposite of what made sense.

And it immediately started having ill effects, pushing up costs for many, many health-care and medical insurance consumers.

No wonder Republicans ran year after year promising repeal.

But now that Republicans have the chance for a real cure, they’re chickening out. The Senate just debuted their ObamaCare replacement. And Senator Rand Paul (R-Ky) calls it “worse than ObamaCare.”

Why worse?

Because Republican politicians are better at promising than delivering. Fearing how those who directly benefited from ObamaCare might squawk, and how badly the GOP would be treated in the media because of this, moderates went with what they know: snake oil.

Fortunately, Rand Paul’s opposition may kill the bill. If one other senator joins Dr. Paul — and Sen. Susan Collins (R-Maine) who announced her opposition for other reasons — in not voting for the monster, it will not pass.

Which is great, because going for a cure worse than the previous cure leaves us all with the worst possible outcome.

This is Common Sense. I’m Paul Jacob.

 

* Like many cures. Politicians these days no longer have the knack for the necessary “spoonful of sugar” to help medicine go down. They prefer distributing just sugar pills.

Printable PDF

 

Categories
Accountability folly free trade & free markets ideological culture media and media people national politics & policies

Next Bubble to Pop?

bubble, Paul Krugman, recession, student loans, debt, folly, David Stockman

There was a great and wondrous moment, a decade and a half ago, when economist Paul Krugman, Nobel Laureate and New York Times’s unregistered shill for the Democratic Party, suggested that what the economy really needed was another housing bubble.

What he wrote, specifically, was this: “To fight this recession, the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.”

Krugman later reinterpreted that statement in a clever (if not convincingly honest) way. After the subprime loan industry collapsed in 2008, he attributed that bust to financial market malfeasance, not the Fed-inflated bubble we got . . . and that he had previously called for.

Now we are looking at several ready-to-burst bubbles:

  • The student loan debt problem seems scary.
  • The sovereign debt problem is undoubtedly more dangerous and far larger, but is perhaps still able to take on more fake money — all the world’s 1s and 0s have to go somewhere!
  • So the current bets seem to be on a huge auto loan industry bubble, about to pop.

Loan terms have increased in duration, and the average amount new car buyers are financing has jumped over 17 percent in five years. The idea has been “to continually lower monthly payments,” says David Stockman, “so people can get behind the wheels of vehicles they can’t really afford.”*

Which bubble does Krugman favor? I don’t have the stomach to check.

But, be certain, as we play pop goes the bubble, he’ll play pop goes the weasel.

This is Common Sense. I’m Paul Jacob.

 

* Stockman seems to be echoing warnings made by Eric Peters, of Eric Peters Autos.

Printable PDF

 

Categories
folly ideological culture media and media people meme national politics & policies

CNN, You’ve Been Trolled

CNN, Trump, meme

The Cable News Network, known popularly and un- as CNN — and satirically as the “Clinton News Network” and “Fake News” — so hysterically hates the president that it has become completely unhinged.

Well, unhinged from decency and journalistic standards, anyway.

The latest slips downward?

First, some pseudonymous guy* on Reddit created a little gif** that placed a CNN-logo on the head of a wrestler whom Donald Trump “took down” in some weird bit of nonsense publicity the entertainer-entrepreneur was prone to, pre-presidency. Trump then retweeted a version of the gif, calling CNN (once again) “fake news.” This made CNN look silly,*** so CNN tracked the originator down and pressured him to make a humiliating apology — for it and other, more tasteless contributions. He deleted most of what he had done on Reddit.

CNN looks petty: a bully. And clueless about the free-for-all that is the Internet.

The Twitterverse erupted against the news outfit.

This went super-viral on July 4, the same day that CNN tried to humiliate Mr. Trump by tweeting a quote from Abraham Lincoln: “Let the people know the facts, and the country will be safe.”

How apt!

And yet . . . Lincoln did not say it. Not exactly. The “fake news” network faked a presidential quote.

CNN apparently doesn’t understand that responding to trolls feeds the trolls and makes you look bad, to boot.

I suppose you could blame Trump for all this. His ridiculous tweets and whoppers have so corrupted the culture that his enemies (CNN being the obvious media leader) have adopted his methods.

But I won’t. Not this time.

Just blame the people at CNN.

This is Common Sense. I’m Paul Jacob.

 

* He referred to himself as a “shitposter,” which is what satirists and trolls on the Web are called.

** A “gif” is an image file, and has been around since the beginning of the World Wide Web. Nowadays, when we talk about “gifs” we usually are referring to brief animated gifs.

*** Frankly, it made the president look silly, too.

PDF for printing

CNN, Trump, meme

 

Categories
Accountability folly general freedom ideological culture moral hazard nannyism national politics & policies privacy responsibility too much government

UK Death Panel

healthcare, socialism, rationing, government

Six days ago, the European Court of Human Rights sided against the parents of Charlie Gard, a severely ill boy, refusing to allow them to take their infant son to America where he could receive full (and privately funded) experimental treatment. The court ruled that removing the child from the hospital would cause him “significant harm” — and authorized the termination of life support.

Yesterday, this site quoted Ben Shapiro on the case. Shapiro sees this sad story as a grand demonstration of what is wrong with government-funded and -managed health care:

Bernie Sanders tweets about how nobody should be denied care because they can’t afford it? But that’s what happens all the time under socialized medicine — the difference being, it’s not about you not being able to afford it, it is about the government not being able to afford it.

Economists tell us that, in a world of scarcity, there will be rationing, willy nilly: either by price (according to consumer and producer choices) or else by government diktat.

Last week, the European Court of Human Rights did its due diligence to ration resources — serving as a Death Panel.

The scheduled to pull the plug on Charlie last Friday, but there’s been a last-minute reprieve — no doubt a result of pressure from America and the Vatican.

Though the doctor who testified before the court insisted that any American medical institution would have provided the treatment he offers, the best the Gards can apparently hope for, now, is to be allowed to take Charlie home to die.

Think of it as socialized medicine in action.

This is Common Sense. I’m Paul Jacob.

Printable PDF

 

Categories
folly free trade & free markets general freedom ideological culture moral hazard nannyism national politics & policies property rights responsibility too much government

Minimally Mugged By Reality

minimum wage, business, pay, workers, fallacy, profit, Bernie Sanders

It should shock no one: forcing businesses to pay steep minimum wages ends up pushing some businesses out . . . of business. Yesterday I looked at what minimum wage laws can do to low-skilled workers. Today, consider the employers. When we make it harder to turn a profit, it becomes harder to profit. Businesses that can’t at least break even close their doors.

Many business owners are inclined to promote, politically, politicians who in turn support minimum wage hikes. Do they change their minds when mugged by reality? Alas, the trauma alone won’t convert a person to principled allegiance to free markets.

I was reminded of this fact by a story about business owners in Minneapolis who stress their Sandernista credentials.  

“I’m a bleeding-heart liberal and I’m a big Bernie Sanders supporter,” says businesswoman Jane Elias, an art store owner. “But this whole flat-out, $15, one-size-fits all is just wrong.” Another victim, restaurant owner Heather Bray, says she’s a “proud, proud progressive.” But: “The arithmetic doesn’t work. People will not continue to go to budget-conscious restaurants when they’re no longer budget-conscious.”

So . . . arbitrary minimum-wage demands don’t add up in light of the demands of running their businesses under their particular circumstances. Well, no disagreement here. But take it further, please. Keep doing the math. The bottom line is that everybody, not just you — and always, not just sometimes — has the right to make his own decisions about his own life and property.

And profit by it.

This is Common Sense. I’m Paul Jacob.

Printable PDF

 

Categories
Accountability ideological culture local leaders moral hazard nannyism national politics & policies responsibility too much government

Minimum Wage Laboratory

minimum wage, experiment, Seattle, scientific method, social engineering

Not every popular idea about government policy is good. Or bad. How do we tell the difference?

One way is evidence.

The modern administrative state was promoted heavily by social scientists who thought that piecemeal social engineering should be tested. A few even thought that the older experiment in limited-government federal republicanism gave Americans a near-ideal testing ground: “the laboratory of democracy.”*

Activists and politicians have been pushing big increases in the minimum wage in cities around the country. Seattle, Washington, has been one of those, establishing an $11.00/hour legal minimum in April of 2015, then raising that limit by two dollars in 2016. Now the results are in.

The City of Seattle commissioned a study of “the wage, employment, and hours effects of the first and second phase-in of the Seattle Minimum Wage Ordinance,” and it shows clear results:

  1. The first hike led to “modest reductions in unemployment” but scant change in over-all low-wage employment.
  2. The second hike led to a 9 percent reduction in hours worked at wages below $19/hour;
  3. a reduction of over $100 million per year in total payroll for low-wage jobs; and
  4. total payroll losses average about $125 per job per month.

Jonathan Meer, an economist teaching at Texas A&M University, calls this an “unmitigated disaster.” But he notices that a backlash against it was immediate.

To those who object: do you object to the method or the conclusions?

The only halfway plausible rationale for social engineering of this kind — top-down interventions into markets — has been “social science.” Rejecting evidence is to reject science, which is to reject . . . the minimum wage idea itself.

This is Common Sense. I’m Paul Jacob.

 

* The idea is to test policy tried in one location against its goals. What works should be mimicked, but only after the evidence is in and results accepted as good. And dropped in cases where not.

Printable PDF

 

Categories
ideological culture incumbents local leaders media and media people national politics & policies

Monied Hopes Dashed

elections, Democrats, Republicans, left, right, CNN, Obamacare

Democrats had high hopes. Their come-back after the 2016 defeats seemed near at hand. After all, Trump is proving increasingly erratic and incompetent, and the Republican mis-handling of the ObamaCare repeal appears to be a disaster of ginormous proportions.

How could they not start taking seats in Congress back?

There were four open seats requiring new votes this late Spring. “Democrats tried an inoffensive moderate message in Georgia,” CNN’s Eric Bradner informs us. “They ran a banjo-strumming populist in Montana. They called in the cavalry in South Carolina and tried to catch their foe sleeping through a long-shot in Kansas.”

Democrats failed, 0-4.

Why? Well, the congressional vacancies were made by the new president’s appointments, and he may have targeted those districts that were especially safe. Nevertheless, CNN notes, “[t]he party got closer than it has in decades to winning some of the four seats — a sign they’ve closed their gaps with Republicans in both suburban and rural areas. . . .”

But there is a lesson here that CNN did not draw from the debacle. The much-lamented Georgia race, in which Jon Ossoff lost to Republican Karen Handel, was a race in which Ossoff out-spent Handel six to one in what is called “the most expensive House race in history.” And yet, somewhat oddly and perhaps hypocritically, Ossoff, the bigger spender, went on air complaining about money in politics.

All that moolah did not push him over the top. Ossoff and the Democrats — as well as the feckless Republican majority — might look for fewer excuses and stand for something voters actually want.

This is Common Sense. I’m Paul Jacob.

PDF for printing

 

Categories
Accountability crime and punishment folly ideological culture moral hazard responsibility

Sticks & Stones

James Hodgkinson of Belleville, Illinois, came to Alexandria, Virginia, shooting, blame, scapegoat, excuses, rationalizations

James Hodgkinson of Belleville, Illinois, came to Alexandria, Virginia, where for the last few months he lived in his van . . . undoubtedly down by the river. Yesterday, he wielded an assault rifle, attempting to massacre Republican congressmen at a park practicing for tonight’s annual charity Congressional Baseball Game.

He shot House Majority Whip Steve Scalise, who remains in critical condition; a lobbyist also in critical condition; a staffer, hit in the leg and released from the hospital; and two Capitol Police officers, who still shot and captured the shooter. Hodgkinson later died in custody.

Politically, the down-on-his-luck, 66-year-old assailant was a big fan of MSNBC’s Rachel Maddow and volunteered for Sen. Bernie Sanders’ presidential campaign. So, what does his act of violence say about Maddow? Nothing. How much is it Sen. Sanders’ fault? Zero.

The Washington Post reports that Hodgkinson was “angry with President Trump,” noting this violence came “amid harsh political rancor and a divided country.”

Michelle Malkin declared she had “warned for more than a decade about the unhinged left’s rhetoric.”

“The hatred is raw, it is undiluted, it’s just savage,” Rush Limbaugh offered. “These are the mainstream of the Democrat base, and I don’t have any doubt that they are being radicalized.”

It harkens back to then-President Bill Clinton’s success in blaming the 1995 Oklahoma City Bombing on “loud and angry voices” (read: Rush Limbaugh) who “spread hate. They leave the impression that, by their very words, that violence is acceptable.”

Sure, we should hold speakers accountable for dehumanizing verbal attacks on their opponents. But not for acts of violence these speakers do not commit, nor condone.

Condemn the violence. Stop using it to smear your opponents.

This is Common Sense. I’m Paul Jacob.

Printable PDF