Tag: folly

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Accountability folly free trade & free markets too much government

Jonesing for Disaster

Puerto Rico, Jones Act, protectionism, hurricane, unintended consequences, folly

First, do no harm. Second, stop harming.

You might think that these would be the Two Commandments of Government.

But no.

Politicians make a good show of saving us, sure. Sadly, appearance alone suffices. For them. Much easier to announce a new program than get rid of a harmful old one.

Latest case? Courtesy of a storm and a new president, we now get to witness hurricane recovery mismanagement all over again, but this time outside the continental United States.

“The administration announced some bad news for Puerto Rico,” writes Scott Shackford at Reason. It will not, Mr. Shackford explains, “be waiving the Jones Act, which significantly restricts the ability of foreign or foreign-owned ships from bringing goods to Puerto Rico.”

The “unincorporated U.S. territory” that is the island must take its lumps.

The Jones Act* limits foreign ships port access . . . down to one. The mandate allowing port-to-port commerce only to American-manned ships is designed to save a few jobs and grease a few union wheels in the mainland.

And now, especially, that old, ongoing “centralized government planning for the benefit of a small group of powerful U.S. shipping interests” amounts to a real kick to a people already devastated by Hurricane Maria.

Closing ports to much needed help doesn’t help. An emergency order could suspend the ongoing harm of throwing roadblocks in the way of a swift recovery and rebuilding.

Or Congress could repeal the Jones Act entirely.

Neither is likely.

So the wounded Puerto Ricans — prior to the storm hobbled by years of territorial misgovernance — can expect more fake government help.

This is Common sense. I’m Paul Jacob.

 

* Not to be confused with the Jones-Shafroth Act of 1917, which set up territorial  governance of the island.

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Common Sense folly free trade & free markets general freedom ideological culture media and media people moral hazard nannyism national politics & policies

Evil Capitalists Hook Brazil On Eating

Brazil, junk food, capitalism, free markets, New York Times, folly

Have you heard the latest?

More and more peoples around the world these days have the unfortunate misfortune of having adequate food — not merely vegetables either!! — thanks to the ruthlessly profit-seeking food producers and their unconscionable engagement in the division of labor, capital accumulation, and international trade.

It’s right there in The New York Times, which is, as you know, the paper of record.

“DealBook: How Big Business Got Brazil Hooked on Junk Food.”

Dastardly! Those Big American Businessmen must have kidnapped the Brazilians, strapped them into chairs, and pumped Doritos into those poor souls with a syringe. Heaven knows, the fecklessly irresponsible Brazilians can’t be held responsible for their own diets.

How bad is it?

This bad: “As growth slows in wealthy countries, Western food companies are aggressively expanding in developing nations, contributing to obesity and health problems.”

One expert quoted in the story (no hungry people consulted) says, “Part of the problem . . . is a natural tendency for people to overeat as they can afford more food.”

Worse than Hurricane Irma!

Thanks to the Times’s aggressive investigative journalism, we know that these brazenly food-selling companies do not even nag their international customers to be careful about their diets. Ergo, it’s chips and other indiscriminately convenient snacks for everybody, no strings attached.

It’s become all too easy to be well-fed and overfed and mis-fed.

Thanks a lot, capitalism.

Oh for the good old hunting-and-gathering days when human beings spent much of their time starving, and the world had the human population of Binghamton. No problem with anyone gorging on Twinkies and Doritos back then. No problem of epidemics of corpulence.

We’ve lost that swell paradise . . . perhaps forever.

This is Common Sense. I’m Paul Jacob.

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Illustration based on original photo by David Goehring on Flickr.

 

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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.

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Accountability folly national politics & policies

Weiner’s Place in History

Anthony Weiner, sexting, twitter, folly, sex, scandal, Clinton, election, Huma Abedin

As if to finalize the Great Derailment of 2016, disgraced former Congressman Anthony Weiner pleaded guilty in federal court to felony sexting: transferring obscene materials to a 15-year-old girl.

Prosecutors are asking he serve 21 to 27 months in federal prison, register as a sex offender and continue mental health therapy.

Also Friday, Huma Abedin, Weiner’s long-suffering wife, quietly filed an “Anonymous v. Anonymous” petition for divorce.

Though, apparently, not anonymously enough.

Personal train-wreck? Sure. But as I wrote yesterday at Townhall, because it so deeply affected last year’s presidential contest, the wreck is also very public.

Back in 2011, Anthony Weiner made Andrew Breitbart a hero, propelling Breitbart.com into the limelight. Weiner had tweeted a picture of his underwear-clad crotch to a woman . . . who was not his wife. Though quickly deleted from his Twitter account, a screenshot was shared with Breitbart, who ran with the story.

Weiner claimed a hack, challenging Breitbart’s credibility. This spurred Andrew Breitbart to commandeer a news conference called by Weiner — with more evidence to share. Soon, Rep. Weiner admitted his bad behavior and officially resigned his congressional seat.

Fast-forward to 2016, with wife Huma Abedin busy helping Hillary Clinton run for president. Weiner again becomes the subject of a sexting scandal — this time with an underage North Carolina girl. The FBI investigates, seizes Weiner’s laptop and discovers emails on it from Hillary Clinton to his wife, Huma. Then-FBI Director James Comey reopened his investigation of Hillary’s emails just ten days before Election Day.

Upshot? Trump is the 45th U.S. President, with Breitbart.com Editor Steve Bannon as key advisor.

Thanks to Weiner.

This is Common Sense. I’m Paul Jacob.

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Photo of “Anthony Weiner cut-out by the port-a-potties” by Katjusa Cisar on Flickr

 

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education and schooling folly ideological culture nannyism national politics & policies too much government

Toiletarianism

toilet, bathroom, trans, transgender, sex, gender, law, folly

President Obama and other politicians are taking a wide stance over the nation’s public restrooms. Important bathroom policy will finally be determined at the highest levels.

Last week, public educators nationwide received a legalistically-worded letter from the Departments of Justice and Education explaining how to legally treat transgender students under Title IX of the Civil Rights Act. CNN boiled it down to “Fall in line or face loss of federal funding.”

Friendly federal “guidance” comes after dueling lawsuits between the Feds and North Carolina over that state’s House Bill 2, which establishes statewide restroom regulations. Those regs require that transgender folks use the bathroom appropriate to the sex listed on their birth certificate (whether Kenyan, Canadian or other).

Obama wants Americans to choose the restroom matching their self-chosen “gender identity.” Conservatives seem most worried that his policy is so loosely defined as to allow non-transgender male persons to simply claim to be transgender in order to shower with the girls volley-ball team or lurk in the powder room.

“Have we gone stark raving nuts?” questioned Sen. Ted Cruz, proclaiming: “Grown adult men, strangers, should not be alone in a bathroom with little girls.”

In California, there’s legislation to force businesses to make “all single-stall public restrooms” gender neutral. “Let’s make a clear statement that, if you want to go pee, by all means help yourself,” argued the proposal’s author.

Transgender people should be treated with care and respect, as should every person. But do we really need a national bathroom policy designed for maximum division in an election year?

Before politicians solve today’s glaring non-problem in public restrooms, they should solve a real problem first.

Just one.

This is Common Sense. I’m Paul Jacob.

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toilet, bathroom, trans, transgender, sex, gender, law, folly

 

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folly ideological culture

Trick-or-Merry Christmas?

Starbucks, coffee, war on christmas, outrage, offense, folly, Common Sense

So I’m sitting in Starbucks for a few hours, waiting for my youngest to emerge from a concert. I like Starbucks. Good coffee — at least “good enough,” though pricey. Good wireless Internet — at least good enough . . . and for free.

But, ’tis the season — the “Christmas Season,” if a tad early. And “the war against Christmas” season, too.

The brouhaha about the new seasonal red Starbucks cups has “gone viral,” but I’m pretty sure there’s more haha than brew here. We so feed off of taking offense, and (by extension) ridiculing others who have taken, or given, offense, that the current cultural tempest in a chai tea cup is more meta than earnest.

In case you haven’t seen it, a putative Christian man, vertically misusing his smart phone camera, records how he got around Starbucks’s alleged “anti-Christmas” policy, not by boycotting the coffee but by offering his name as “Merry Christmas,” thus forcing Starbucks employees to write the words on his red cup and say the allegedly prohibited greeting (one Starbucks website promises a future “Christmas blend”).

Funny? Sort of.

He misfired early, though.

Starbucks has never sported the words “Merry Christmas” on its seasonal cup, and this year’s design is minimal and elegant, red with the company’s green logo. Hardly worth a complaint, in my view, and I haven’t met anyone who thinks the cup is worth getting all riled up about.

As for “forcing” baristas to say the words, well, just how Christmas-y is that? Plus, it’s not Christmas yet. It is not even Thanksgiving.

Happy mid-November. This is Common Sense. I’m Paul Jacob.

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Starbucks, coffee, war on christmas, outrage, offense, folly, Common Sense