Category: nannyism

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free trade & free markets insider corruption nannyism too much government

The Boomers’ Bust

Remember when Bill Clinton ascended to the presidency? There were hurrahs. At last the Baby Boom generation had its own president!

We’ve gone through another Baby Boom president, and now we — and I’m talkin’ ’bout my generation, here — have our very own economic bust. Call it the Boomers’ Bust.

John Kass, writing in the Chicago Tribune, notes how different things look for Boomers, now. “In the ’70s,” Kass writes, “the slogan was ‘Do your own thing.” But today’s slogan might be ‘Washington, please save us.’”

Kass attributes some of the difference merely to age. When we were young, we took risks. Now that we’re older, we simply want to keep our houses and our cars and our TV sets, and our retirement plans.

The ominous marker in all this is the transfer of power. In our desires, demands, for security, we’ve given up a lot. Kass says we are giving up “liberty for all” and exchanging it with “power in the hands of a few.”

We can see it is who gains most: people and corporations on the inside track. But, as Kass points out, look who loses: “The casualty will be the entrepreneurs, those on the outside. . . . Such men and women will be on the outside for decades now.”

Since it was entrepreneurs who accomplished the most enduring good during the last 40 years, this will be tragic.

This is Common Sense. I’m Paul Jacob.

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free trade & free markets nannyism

Jerry Brown’s Latest Trip

Some politicians are loathe to allow freedom of action even when they’re going out of their way to allow freedom of action.

California Attorney General Jerry Brown doesn’t want the federal government to harass patients who use medical marijuana, or to harass those who provide it. To implement this laissez-faire policy, Brown wants to make darn sure that any businessmen who provide cancer patients with marijuana are the ones who get raided and arrested.

What’s going on?

Cannabis for medical use has been legal in California since 1996, when voters passed Proposition 215. The federal government has not been playing along, however.

To clarify things, Attorney General Brown has issued an 11-page guideline to help “legitimate patients” avoid being arrested. The guidelines also confirm the legality of medical marijuana co-ops. Brown hopes that under the new guidelines patients will steer clear of the unapproved dispensaries.

Who is an unapproved provider? Anyone who actually makes money selling medical marijuana. Supposedly, it’s okay for a cancer patient to ease his pain with the plant, so long as there is no economic incentive for anyone to help him ease it. It must be done by nonprofit co-operatives.

Bruce Mirken of the Marijuana Policy Project doesn’t agree that socialist medicine is good, capitalist medicine bad. “Last I heard,” he says, “Walgreens isn’t a charity.”

He’s right.

This is Common Sense. I’m Paul Jacob.

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nannyism

“Safe” Kids Are Fat Kids

Even the most careful athlete sometimes pulls a muscle. Does that mean that vigorous and sometimes even risky exercise is more dangerous than being a cordoned and cosseted couch potato?

Many of the gendarmes who oversee America’s playgrounds seem to think so. I don’t know how real the so-called “epidemic” of obesity is. (Is the fat infectious?) But it wouldn’t surprise me if kids banned from playing one “dangerous” game after another tend to accumulate more flab than when they were rambunctiously running around like they always used to do.

Even playing tag is outlawed in some places. Along with cops and robbers, monkey bars, and sliding into third base. Playground mats laid down to break possible falls are the latest terror. The sun sometimes makes them hot, and barefooted kids can burn their feet.

Playground activists are in an uproar over this latest bogus crisis. When are the canopies going up?

Philip Howard, the author of The Death of Common Sense: How Law is Suffocating America, says we’re teaching kids to be flabby in more ways than one. He notes that scrapes and bruises are one way “children learn their limits, and the need to take personal responsibility.”

Life is an inherently risky venture. You don’t learn to cope with those risks if you are never allowed to take even modest ones. And that’s dangerous.

This is Common Sense. I’m Paul Jacob.

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Common Sense free trade & free markets insider corruption nannyism national politics & policies too much government

Welfare Kings

Bear Stearns. You gotta like an investment company with the word “bear” in it. If you are the kind of investor to go bullish over anything big, Bear, Stearns & Co., Inc., was BIG. For years its subprime mortgage biz made investors go all squirmy with bullishness.

They could pretend that the word “bear” was there for irony.

Call it prophecy, instead: The Bear Stearns bull lies on the ground, gored. Time to sell off the carcass.

The Federal Reserve has forced through a takeover deal, with J.P. Morgan buying out the dead bull. At a low, low price – though not nearly as low had the Federal Reserve stayed out. It’s another so-called capitalist bailout, an attempt to make a failure not seem so big.

This is not free-market capitalism, folks. This is big business welfare-statism.

In their normal run of operation, businesses negotiate the uncertainties of markets using tools like the profit-and-loss statement, aiming for profit. When they don’t manage this, they fail. Remember that term, loss?

Well, in today’s truly bipartisan political economy, the bigger you are the more scared our rulers get when you fail. So they prop up, as best they can, the biggest failures.

Forget welfare queens. The welfare kings are businessmen on the take from government. The losers are everybody else, as idiotic risks and bad business practices get propped up by government.

This is Common Sense. I’m Paul Jacob.