Categories
Thought

H. L. Mencken

Progress . . . is to be measured by the accuracy of man’s knowledge of nature’s forces. If you examine this sentence carefully you will observe that I conceive progress as a sort of process of disillusion. Man gets ahead, in other words, by discarding the theory of to-day for the fact of to-morrow.


H. L. Mencken, in Robert Rives La Monte and Mencken, Men versus The Man (1910).

Categories
Today

Good Friday Agreement

On the hundredth day of 1998, the Northern Ireland peace talks ended with an historic agreement, dubbed the Belfast, or Good Friday Agreement. The accord was reached after nearly two years of talks and 30 years of conflict.

Categories
video

Video: Socialists Are Dead Wrong About Sweden

Johan Norberg gives the concise case against the old hat leftist love for “Swedish Socialism”:

Look around YouTube and you will find more from Norberg about the reality behind the myths of Scandinavia.

Categories
Thought

Rose Wilder Lane

I am a contributing creator of American civilization; it does not create me. I control the stem of this civilization that is within my reach; it does not control me. It can not even make me read Spengler, if I’d rather read a pulp magazine.


Rose Wilder Lane, Discovery of Freedom (1943).

Categories
Today

Independence Maintained, Gained

Despite being outnumbered 16 to 1, forces of the Old Swiss Confederacy proved victorious over the Archduchy of Austria in the Battle of Näfels, April 9, 1388.

On this date in 1991, Georgia declared its independence from the Soviet Union.

Categories
folly free trade & free markets moral hazard nannyism national politics & policies responsibility

Auto Destruct

Just when you thought it safe to go back into the loan market. . . .

Yes, you guessed it: a bubble may be about to pop.

There are actually several, but here’s one you might not expect: the automobile loan market.

Though less regulated and tampered with than the housing market, auto loans aren’t immune to “moral hazard” and other government-induced dangers. The Fed’s low interest rates are almost certainly stimulating the new car market. “Subprime” car loans are way up and so are delinquencies. Do the bankers making these decreasingly solvent loans expect a bailout?

As Eric Peters notes at his immensely fascinating automobile website, the average car loan is now $32,000, “a record high.” And then there’s the “ever-increasing duration of new cars loans. They are now on average six years long — and seven year loans are becoming pretty common.”

Why? “In order to spread out payments (now averaging almost $500 a month) that have become simply too much to manage for most people.”

But then of course car prices are rising. And not just because of simple inflation. It’s the result of government regulations, mandates, and . . . general craziness. Many buyers now finance used car purchases, too, as Mr. Peters explains. That used to be fairly uncommon. The used-car market has been unduly affected by government insanity as well. Remember Cash for Clunkers? Politicians boasted about their managed destruction of millions of used autos.

What they really achieved was a tighter-than-ever supply of usable older cars.

Cruising toward the auto-destruct of the auto-loan markets.

This is Common Sense. I’m Paul Jacob.


Printable PDF

car, automobile, auto, loan, bubble, illustration

 


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Categories
Thought

Václav Havel

Just as the constant increase of entropy is the basic law of the universe, so it is the basic law of life to be ever more highly structured and to struggle against entropy.


Václav Havel, Open letter to Dr. Gustáv Husák, Communist President (April 8, 1975).

Categories
Today

17th Amendment

On April 8, 1913, the 17th amendment to the Constitution, providing for the popular election of U.S. senators, was ratified.

Categories
Accountability initiative, referendum, and recall insider corruption responsibility

Four Powers on the Chopping Block

A group of Ohio citizens isn’t leaving the maintenance of ethical standards in government to the politicians. Smart. Forming a political committee, “Ethics First — You Decide Ohio,” the group filed an initiative to amend the state constitution unsurprisingly called, “Ethics First.”

What does the ballot measure do?

“Ethics proposal would cut state lawmaker’s pay and power,” said the segment on Cleveland’s NBC affiliate, WKYC-TV 3.

The initiative limits base pay for the state’s part-time legislators to the median household income of full-time Ohioans. Because Ohio is one of only six states in which legislators pay themselves more than median household income, the measure, if in effect today, would mandate cutting legislators’ base pay from $60,584 annually to $49,644.

“The purpose is not to cut their pay,” explained spokesman Jack Boyle. “The purpose is to make their pay related to what happens to all of us in Ohio. If we’re doing well, their pay will go up. If not, it will go down.”

What legislative “power” will be cut?

The amendment takes away four powers:

  1. The power of legislators to exempt themselves from laws and taxes other Ohioans must follow and pay,
  2. The currently unlimited power of legislators to raise their own pay,
  3. The power to be a paid lobbyist before the legislature within two years of leaving office as a state legislator, and
  4. The power of legislators to destroy legislative records, including electronic records, within four years.

All the other powers of the legislature remain completely intact.

How would you vote: Yes or No?

This is Common Sense. I’m Paul Jacob.


Printable PDF

Ohio, initiative, lawmakers, congress, pay,

 


Common Sense Needs Your Help!

Also, please consider showing your appreciation by dropping something in our tip jar  (this link will take you to the Citizens in Charge donation page… and your contribution will go to the support of the Common Sense website). Maintaining this site takes time and money.

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Categories
Thought

Isabel Paterson

Men are born free, that since they begin with no government, they must therefore institute government by voluntary agreement, and thus government must be their agent, not their superior. Since volition is a function of the individual, the individual has the precedent right. Then even if it was presumed that government did equate roughly with the moral shorcomings of humanity, it should still be limited and subsidiary. If everyone were invariably honest, able, wise, and kind, there should be no occasion for government. Everyone would readily understand what is desirable and what is possible in given circumstances, all would concur upon the best means toward their purpose and for equitable participation in the ensuing benefits, and would act without compulsion or default. The maximum production was certainly obtained from such voluntary action arising from personal initiative. But since human beings will sometimes lie, shirk, break promises, fail to improve their faculties, act imprudently, seize by violence the goods of others, and even kill one another in anger or greed, the government might be defined as the police organization. In that case, it must be described as a necessary evil. It would have no existence as a separate entity, and no intrinsic authority; it could not be justly empowered to act excepting as individuals infringed one another’s rights, when it should enforce prescribed penalties. Generally, it would stand in the relation of a witness to contract, holding a forfeit for the parties. As such, the least practicable measure of government must be the best. Anything beyond the minimum must be oppression.


Isabel Paterson, The God of the Machine, 1943.