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Accountability free trade & free markets national politics & policies too much government

Rewarding Gruber

Revealing to all the world the contempt for the American people that Washington insiders possess might garner for Prof. Gruber a future Medal of Freedom.

Perhaps by a president elected by the Irony Party.

What Gruber is unlikely to get, however, is a Nobel Prize for Economics.

Benjamin Zycher, writing at The Hill, questions Gruber’s astuteness as an economist. The MIT professor surely has the wit to sucker those representing American taxpayers out of six million bucks for his consulting, but, otherwise, reveals some blind spots about where incentives should be figured in.

“Economists may disagree about many things,” writes Zycher, “but absent among them is the central role of incentives as determinants of behavior,” a principle that “applies fully to government.”

To reward one constituency at the expense of others, health care bureaucrats will quickly come to regard limits to spending as a kind of “savings.”

From this type of rationing, Zycher suggests, there will be “a reduction in the flow of research and development investments in new and improved medical technologies, yielding fewer new medicines, devices and equipment.”

This means that the most negative effects will be seen down the road. While the easier-to-publicize positive effects of more people covered by insurance can be pointed to right now, as a “benefit.”

However, even that upfront goody isn’t what we might pretend it is. “Gruber seems actually to believe that an expansion of insurance ‘coverage’ is the same as an expansion of actual healthcare,” Zycher notes, with apt incredulity.

By ignoring negative effects of his convoluted program, and concentrating on a few dubious upfront benefits, Gruber proves himself more con artist than economist.

This is Common Sense. I’m Paul Jacob.

Categories
Thought

Baruch Spinoza

Baruch SpinozaPeace is not an absence of war, it is a virtue, a state of mind, a disposition for benevolence, confidence, justice.

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links

Townhall: Taking the Crony Out of Capitalism

At least one senator of the new majority party has a plan. And, if put into action, it would shake up the political culture. It may even spare the GOP from its usual fate, grabbing defeat from the jaws of victory.

Click on over to Townhall.com. Come back here for further reading.

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video

Video: Taking the Crony Out of Capitalism

Simply put:

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Today

November 22, dead novelists

November 22 marks the death dates of a number of eminent writers, including that of British-American novelist and essayist Aldous Huxley and Irish-British novelist, theologian and medieval scholar C.S. Lewis, both of whom died in 1963, the same day as the assassination of American President John F. Kennedy. British novelist Anthony Burgess died exactly 30 years later.

The date also marks the birth of the great British novelist George Eliot (Mary Ann Evans), in 1819.

Recommended reading from these authors include:

“Silas Marner” (1861), a short and brilliant novel by George Eliot.

“Earthly Powers” (1980), a massive novel about life in the 20th century, by the ever-iconoclastic and hard-to-pin-down Anthony Burgess.

“The Humanitarian Theory of Punishment” (1949) and “Till We Have Faces” (1956), the former being C.S. Lewis’s thoughtful essay on the nature of modern tyranny, and the latter being what some regard his best novel, a retelling of the Psyche myth.

“Brave New World” (1931) and “Brave New World Revisited” (1958), the former is Aldous Huxley’s classic dystopian satire on technological tyranny, and the latter is the author’s survey of the issues raised by — and the degrees to which reality conforms to — his earlier fictional prophecy.

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crime and punishment education and schooling

Play Gun Theater

Stop me if I repeat myself . . . but maybe we don’t need elaborate explanations for poor performance in America’s public schools.

Maybe it comes down to this: they are run by people as unhinged as the administrators of the Stacy Middle School in Middleford, Massachusetts.

Yes, it’s time again for American Play Gun Theater, in which children (usually boys) pretend to have toy guns in their empty hands, emit fake gun sounds from their mouths, and scare the living Horace Mann’s out of government employees.

The current case? That of Master Nickolas Taylor,. He formed his hand to vaguely resemble a revolver (index finger as barrel, thumb as hammer — don’t try this at home, kids!) and mimicked some ray gun sounds towards two girls in lunch line, and then blew his finger tip, as if smoke drifted up from firing.

I am not aware of ray guns needing this, but it does have panache.

His punishment? Suspension. The 10-year-old malefactor needed to be taught a lesson, by gum.

Had he done something truly dishonorable, like cut in line, some punishment was probably in order. But if all he did was pretend to have a toy gun (two layers of pretense here at least!), then the worst probably should have been to put him in Pretend Jail, with no bars and no irons and some irony.

The lad’s father and grandmother came to his defense; the local newspaper put him on the front page.

The lesson? For supporters of today’s abysmal public schools: Don’t reload. Rethink.

And if I’ve said this before, point a finger at me and make ray gun noises.

But hey: I may raise my special Deflect-o-shield.

This is Common Sense. I’m Paul Jacob.

Categories
Today

November 21, 2012, Mayflower (1620)

On November 21, 1620, Plymouth Colony settlers signed the Mayflower Compact. On this day in 1922, Rebecca Latimer Felton of Georgia took the oath of office, becoming the first female United States Senator.

November 21st birthdays include:

1694 – Voltaire, French philosopher (d. 1778)
1729 – Josiah Bartlett, American signer of the Declaration of Independence (d. 1795)
1870 – Alexander Berkman, anarchist (d. 1936), who shot but did not kill industrialist Henry Clay Frick

Categories
Thought

Rep. Justin Amash

Justin AmashConservatives want to stand up for ordinary Americans, and that means ending corporate welfare.

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Today

November 20, Tolstoy

On November 20, 1910, Leo Nikolayevich Tolstoy, Russian author of several classic novels, including “War and Peace,” and novellas such as “The Death of Ivan Ilyich,” died. Late in his life he wrote a “Letter to a Hindoo” and the essay “The Kingdom of God Is Within You” that later served as a major influence on Mohandes K. Gandhi and the non-violent independence movement in India.

Categories
general freedom national politics & policies political challengers

Mike Lee’s Fix of Congress

“What too few in Washington appreciate — and what the new Republican Congress must if we hope to succeed — is that the American people’s current distrust of their public institutions is totally justified.”

So wrote Sen. Mike Lee (R-Utah) in The Federalist shortly after the big election earlier this month. “Americans are fed up with Washington, and they have every right to be.”

Lee starts off with the need to earn trust. Will many readers simply shrug? His notion of a “more open-source strategy development model that includes everyone” sure sounds nice. But after Obama’s promise of the most “transparent” presidency in history, and delivery of one of the least, skepticism is natural.

At least Lee knows his challenges: “Republicans in fact can’t ‘govern’ from the House and Senate alone — especially without a Senate supermajority.” He sees the necessity of working with Democrats, but insists that the congressional majority not compromise away the whole enchilada.

“Anti-cronyism legislation is win-win for the GOP,” he writes, and views “taking on crony capitalism” as a test of the GOP’s “political will and wisdom.” Fighting the corrupt Washington culture of insider deals is sure to test Democratic lawmakers, too.

“[A] new Republican majority must also make clear that our support for free enterprise cuts both ways,” argues the Senator. “To prove that point, we must target the crony capitalist policies that rig our economy for large corporations and special interests at the expense of everyone else— especially small and new businesses.”

Echoes of Ralph Nader, but with deep free-market rumblings. Not discord, but harmony. Music to my ears.

This is Common Sense. I’m Paul Jacob.