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free trade & free markets general freedom international affairs

Market Rents Work in Argentina

Markets work and markets for housing work.

This is what the new president of Argentina, Javier Milei, has sought to confirm by means of radically free-​market economic policies. He is going as far as he can as fast as he can to make Argentina a freer and more prosperous country.

Can he succeed in the long run?

Many exploiters of the socialist status quo ante are bitterly opposed to his reforms and hope to undo them. We’ve seen before how quickly a relatively anticapitalist administration can kill the freedom-​expanding reforms of a relatively procapitalist one.

But at least for now, Milei is proving his point, as witness the market for apartments in Buenos Aires.

The Buenos Aires newspaper El Cronista reports (with the help of Google Translate) that with the end of rent controls, the supply of rental units in Buenos Aires has doubled and prices for units have fallen by around 20%. The paper cites data by the Argentine Real Estate Chamber and the reports of brokers.

Under rent control, by 2023 the supply of rentals had shrunk to just 400 units. “Today we have a stock of more than 800 apartments, and it is growing day by day,” says Alejandro Bennazar, a director at the Chamber.

Eight hundred units is still low given the size of the capital city, but there’s light at the end of the tunnel. Getting rid of the controls caused supply to double instantly. An excellent start.

This is Common Sense. I’m Paul Jacob.


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

Plunger Politics

President Donald Trump may win re-​election because he dares speak the truth about toilets.

A Washington Post tweet presents the president talking about the insanity of American plumbing: “People are flushing toilets ten times, 15 times, as opposed to once. They end up using more water.”

Jeffrey Tucker, in a terrific piece for the American Institute for Economic Research, focuses on our national disgrace: “I know a man — a proxy for tens of millions — who came from a foreign country, threw down $500 per night at a New York hotel, and was astonished to find himself plunging the toilet within the hour of checking in. 

“Not surprising,” Tucker writes. “Not unusual. American toilets don’t work right. This is why there are plungers next to every toilet.”

And Tucker suggests that Trump may beat whoever ends up as his Democratic challenger for no better reason than because, every now and then, Trump sides with common sense against bureaucrats, regulators, and politicians. And, in this case, seeks to do something about it.

Would any Democrat dare mention that it is Congress that ruined our commodes? 

Of course, Republicans let it happen. 

Our toilets, I have long insisted, provide a perfect object lesson for what is wrong with government today. Early in the history of this Common Sense commentary, I explored the theme: it has been over 20 years ago since I wrote of “A Congressman in Your Bowl”; a few years later, when I started writing columns for Townhall​.com, I offered “Flush Congress.”

I don’t know precisely what Trump can do regarding either the plumbing issue or the clogged-​up Congress issue, but I — plunger in hand — salute him for trying to do something.

This is Common Sense. I’m Paul Jacob.


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ideological culture media and media people national politics & policies

Ooga Booga Time

Two tribes —

On the left, we see both iconoclasm (razing of Confederate memorial statuary) and a fixation on surface meaning (defending the actions of antifa by fixating on its name: “it just means ‘anti-​fascism’!). 

On the right, rallying around the flag and MAGA hats has reached fever heat.

— Welcome to Ooga Booga Time.

In other words: tribalism.

Consider the upcoming movie about Neil Armstrong, the first man on the Moon. The makers of this movie have made a point of not depicting the raising of the Stars and Stripes above the dust of Mare Tranquillitatis.

Why? Because, says the Canadian actor who plays the part of astronaut Armstrong, the filmmakers wished to present “Armstrong’s success as a ‘human achievement’ rather than a patriotic American victory.”

But it was, factually, very much a Cold War victory. 

What the filmmakers are doing is rewriting history to conform to their cosmopolitan, internationalist tribal mindset.* 

Nothing new, of course — Hollywood has been a propaganda mill for a very long time. Once it aligned itself with Washington, D.C. Not any more. 

Now, apparently, even depicting a central bit of traditional American symbolism in the history being filmed is so stylistically, ceremonially offensive that actors and directors and cinematographers avert … our eyes.

“One thing is needful,” philosopher Friedrich Nietzsche wrote. “To add style to one’s character.” Maybe. But when it comes to politics what we need — in Hollywood and Washington and Anytown, USA — is less attention to symbolism. To style.

And more on substance. And truth.

This is Common Sense. I’m Paul Jacob.

 


* And, perhaps, to appease the propaganda-​minded censors of Chinese government. That’s Ben Shapiro’s take.

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Accountability general freedom ideological culture media and media people moral hazard nannyism national politics & policies

Off the Field

At last Friday’s event to rally support* for Sen. Luther Strange, the Mitch McConnell-​financed establishment candidate in today’s GOP runoff in Alabama, President Donald J. Trump veered — as he is wont to do — off topic: the NFL players refusing to stand for the national anthem.

Wouldn’t you love to see one of these NFL owners,” the commander-​in-​chief asked the crowd, “when somebody disrespects our flag, to say, ‘Get that son of a bitch off the field right now. Out! He’s fired!’?”

Trump’s trash-​talking touched off bigger protests before Sunday’s games. Some argued the president was undermining freedom of expression. But, of course, the president was freely expressing himself. 

And no doubt speaking for many others. 

Polling conducted last year, after former San Francisco 49ers quarterback Colin Kaepernick first took a knee during the pregame anthem — which started this trend — found a majority opposed to his actions. 

“NFL ratings are down massively,” the President correctly remarked. 

The National Football League’s television ratings dropped 8 percent last year, and so far 2017’s ratings are down an additional 15 percent. Moreover, in a massive JD Power survey, the protests during the anthem were the top reason given for not watching the NFL.

Of course, Kaepernick was making a political statement, not trying to maximize his dollar-​value in the marketplace. The now mysteriously unemployed quarterback said a year ago, “If they take football away, my endorsements from me, I know that I stood up for what is right.”

Whether one agrees with Kaepernick or not, he is paying a steep price to make a point. Firing folks won’t silence the message. 

This is Common Sense. I’m Paul Jacob. 

 

* The president oddly quipped of his Strange endorsement: “There is something called loyalty, and I might have made a mistake and I’ll be honest, I might have made a mistake.” Trump added that Strange and his GOP opponent, Judge Roy Moore, were “both good men” and he would campaign hard for either Republican.


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general freedom

Nix the Union Jack?

“Get a wriggle on,” New Zealand’s Electoral Commission is telling citizens
who want to cast a vote before today’s deadline to mail in ballots.

New Zealand is choosing a new flag.

Maybe.

In the referendum ending today, the first of two, voters will choose one of five proposed new flags. The second referendum comes next year when the chosen new design goes mano a mano against the current flag.

For years, Prime Minister John Key has itched to “scratch” the Union Jack, the United Kingdom’s flag, off the New Zealand national flag.

To assert some independence, I suppose. Hey, I can relate.

HBO’s John Oliver calls New Zealand “Australia’s Australia.” Glance at the two nation’s flags, they’re virtually identical. Populating a remote two-​island nation, New Zealanders may share a desire not to live in any other nation’s shadow.

Granted, there were no demonstrations for the flag re-​design, in the streets of Auckland, Wellington or Christchurch — or anywhere else, as far as I can tell. This was a referred measure, from politicians to the people — not an initiative.

And the referendums will cost $26 million, something not lost on the citizenry.

Furthermore, a flag is far less important than issues of war and peace, taxes, jobs, you name it.

But I really like that politicians didn’t give a designer a no-​bid contract and do the choosing without the people. In fact, after whittling down to offer voters four designs in this referendum, a fifth entry was added after a petition for it on social media caught fire.

Could the flag chosen be as pleasing as the democratic process being used to get it?

This is Common Sense. I’m Paul Jacob.


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New Zealand, flags, flag, democracy, voting, Common Sense