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Monthly Archives: May 2014

Ma Jones Writer Fair To Koch Bros.

31 Saturday May 2014

Posted by Nuetzel in Uncategorized

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Issue Politics, Koch Brothers, Libertarianism, Nick Gillespie

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A book on the the Koch brothers by a senior editor of Mother Jones is “mandatory reading,” according to libertarian Nick Gillespie, for those “who care about politics” and the country’s cultural direction. By Gillespie’s telling, the book by Daniel Schulman is a fair treatment of the brothers and their history within the libertarian movement, which has championed smaller, less intrusive government and civil liberties (which is really saying the same thing). 

Gillespie’s review of the Schulman book is structured around a three-part history of Libertarianism, with Part III yet to unfold. Will Libertarians continue to alter the direction of the Republican Party? Or, as Ralph Nader has suggested, will they engage to a greater extent in “issue politics” with others outside the orbit of the major parties, forming coalitions that span right and left to achieve success. 

Gillespie: “Imagine, if you will, a country in which government at every level spends less money and does fewer things (but does them more effectively), doles out fewer perks to special interests (from Wall Street banks to sports teams to homeowners), regulates fewer things across the board, engages in fewer wars and less domestic spying, and embraces things such as gay marriage, drug legalization, and immigration. …Schulman reminds readers that while the Koch brothers remain staunch opponents of Obamacare and government spending, ‘they are at odds with the conservative mainstream’ and ‘were no fans of the Iraq war.’ As a young man, Charles was booted from the John Birch Society (which his father had helped to found) after publishing an anti-Vietnam War newspaper ad, and David told Politico of his support for gay marriage from the floor of the 2012 Republican National Convention. In the past year, the Charles Koch Institute cosponsored events with Buzzfeed about immigration reform (which angered many on the right) and with Mediaite about criminal justice reform.”

One reservation: Gillespie (and quite probably the book) exaggerates the Koch’s political contributions by linking them directly to the total contributions of organizations they back. In reality, the Koch’s direct contributions would rank them as no more than “mid-major players” in the world of campaign finance.

Government Failure: Quicksand For the Quixotic Left

30 Friday May 2014

Posted by Nuetzel in Uncategorized

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central planning, Obamacare, Technocracy

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Progressives have always placed great faith in the ability of government technocrats to correct perceived social ills and do economic planning. This attitude inevitably leads them to drift into elitism. The naive Left, on the other hand, really don’t think much about how the government will do it, but both groups dream the impossible. That’s the general theme of the essay at the link, with more specific application to Obamacare. The opening paragraph is fun:

“They had a dream. For almost a hundred years now, the famed academic-artistic-and-punditry industrial complex has dreamed of a government run by their kind of people (i.e., nature’s noblemen), whose intelligence, wit, and refined sensibilities would bring us a heaven on earth. Their keen intellects would cut through the clutter as mere mortals’ couldn’t. They would lift up the wretched, oppressed by cruel forces. Above all, they would counter the greed of the merchants, the limited views of the business community, and the ignorance of the conformist and dim middle class.”

To quote Tyler Cowan, “The technocratic utopia is not on the menu.” Worse yet, by tilting ever-more government (and taxpayer) resources at windmills, leftist initiatives displace and discourage private activity, the real engine of economic growth. Prosperity tends to solve social ills quite effectively.

I confess that I’ve ceded too much La Mancha to the Left in this post. Perhaps the Libertarian Capitalist is better cast in the role of Don Quixote, and many of us are severe critics of subsidized wind power!

The VA and Government-Run Health Care

29 Thursday May 2014

Posted by Nuetzel in Uncategorized

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ACA, IRS Penalties, Obamacare, The Onion, Veteran's Affairs, Waiting Lists

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With Obamacare already on thin ice with the public, the problems at the VA are reinforcing the disadvantages of government-run health care. And if ACA proponents consoled themselves that the law was merely a step toward the “inevitable” single-payer system, the VA monopoly should not inspire hope. As noted elsewhere, one of the biggest costs of socialized medicine is always in the wait, a cost which is absent from official accounting reports.

The VA debacle is very bad news for the Obama Administration, not because it is their fault, though they have known about the fraudulent waiting lists for at least a year. Instead, for Obamacare, it is a public relations nightmare, as noted in this article: “Most Important Casualty of Veterans Affairs Scandal Could Be Obamacare.”

In another disturbing development, fit for an honored place in the pantheon of dumb government incentives, a new IRS ruling holds that employers who “dump” employees onto the federal exchanges will be fined up to $36,500 per year per employee! Granting the employee a raise to pay the premium will not gain the employer a dispensation. Only by firing the worker can they avoid the penalty. This is discussed here.

Here’s some commentary from the Onion that gets right to the heart of the VA problem: VA To Improve Veterans’ Health Care With New $500 Million Waiting Room. See the photo above for The Onion artist’s rendering of the new VA waiting room.

Keeping Politics Off The Proxy

28 Wednesday May 2014

Posted by Nuetzel in Uncategorized

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Content Neutrality, Groupon, Political Purges, Shareholder Activism

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Bravo to Groupon (or its voting shareholders) for approving a “content neutral” policy with respect to the customers it will serve, provided a customer is offering a legal product or service. The proposal came from an activist organization which purchased enough Groupon shares to qualify, under an SEC rule, to have the content policy placed on the company’s shareholder proxy statement. In so doing, they outmaneuvered PETA, which had hoped to propose a ban on circuses on a future proxy.

Stephen Bainbridge thinks the idea should be extended to prevent the kinds of political witch hunts we’ve witnessed lately: Let’s use Rule 14a-8 to fight the Purge of Conservatives

Big Brother Is Choking You!

27 Tuesday May 2014

Posted by Nuetzel in Uncategorized

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DOJ, Glenn Reynolds, Operation Choke Point, Tyranny

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The Obama/Holder DOJ is targeting legal businesses it regards as undesirable by pressuring banks to cut off their accounts under “Operation Choke Point,” as described by Glenn Reynolds at the link. Denying these businesses their sources of funds is of questionable legality to say the least. “It seems almost like some sort of conspiracy to deprive people of their civil rights.” Um, yes!

The DOJ’s criteria for targeting appear to be rather arbitrary. Reynolds quotes from the WaPo law blog: “The ability to destroy legal industries through secret actions to deprive them of banking services has obvious political consequences. . . . In principle, of course, the logic of Operation Choke Point could be extended to groups not currently targeted.” If you’re okay with seeing this sort of abuse targeted at porn performers, ammo dealers and payday loans, just wait until another party takes office. See how you like their list.

Luddites Demand Control Over Agricultural Technology

26 Monday May 2014

Posted by Nuetzel in Uncategorized

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Food Policy, GMOs, golden Rice, Science, Superstition

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It’s great to see a few anti-GMO writers and activists come to grips with the anti-science nonsense festering within their community. This article in Reason mentions a few of those positive developments. Almost every day I see an article posted on Facebook or elsewhere filled with scare tactics, fabrication, and poor scientific reasoning about the impact of GMOs. This is not necessarily or always malicious, though it often violates the norms of civilized debate, to say nothing of it’s potential human impact. I believe that opposition is a product of superstition, a misplaced faith in what GMO opponents falsely construe as “natural” or “sustainable.” 

Here is an example of reasonably balanced reportage, in this case, on the debate over the benefits of golden rice. 

Piketty’s Capital Data Fudge

25 Sunday May 2014

Posted by Nuetzel in Uncategorized

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Fake Data, Inequality, Thomas Piketty, Wealth Tax

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Capital In The Twenty-First Century author Thomas Piketty is in some hot water, having been exposed for a series of data problems and even data manipulation by a thorough investigation published in the Financial Times. You may recall that Piketty’s book has been called a “Das Kapital” for the 21st century, heralded by the likes of such leftist lights as Paul Krugman and Joe Stiglitz. But his sweeping conclusions regarding inequality were suspect even before the new revelations; many have noted that his conclusions don’t really follow from the data he presents. Now the data itself looks fudged; when corrected, PIketty’s results do not hold up. 

The author of the blog linked above, Pejman Yousefzadeh, is pretty tough on Piketty, and I’m inclined to say he deserves it based only on his advocacy of a destructive wealth tax. Tyler Cowen urges more restraint. Cowen’s first report on the matter is here. 

Greed-Free Government? Good Luck With That

25 Sunday May 2014

Posted by Nuetzel in Uncategorized

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Capitalism, Government, Greed, Progressivism

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“The Progressive perspective on ‘greed’ is that it’s a constant problem in the private sector but somehow recedes when government takes over. I wonder exactly when a politician’s self-interest evaporates and his altruistic compassion kicks in?” That quote is from Lawrence Reed in The Freeman discussing one of the ditzier Cliches of Progressivism. The existence of large government creates the very mechanism for circumventing market forces, for the cronyism reviled by honest thinkers on the Right and the Left. Indeed, large government has always been demanded by established interests who wish to destroy competition, establish monopoly power, and secure lucrative public contracts.

I also like this: “… in a free market, you quickly realize that to satisfy the self-interest that some critics are quick to dismiss as ‘greed,’ you can’t put a crown on your head, wrap a robe around yourself and demand that the peasants cough up their shekels. You have to produce, create, trade, invest, and employ. You have to provide goods or services that willing customers (not taxpaying captives) will choose to buy and hopefully more than just once. Your ‘greed’ gets translated into life-enhancing things for other people.”

“I Wake Up Every Morning Thinking About Who To Blame”

22 Thursday May 2014

Posted by Nuetzel in Uncategorized

≈ 2 Comments

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Incompetence, Leadership, Obama, VA Scandal

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The New Obama Narrative: Epic Incompetence. As I said two years ago on Facebook, before the election, this president is likely to earn the distinction of being the worst performer in-office of all time, and that conclusion does not necessarily require an ideological perspective. He’s not even good at being a progressive! To call him ineffectual or Carteresque would be too generous. And now, as Charles Krauthammer has noted, we’ve heard the most absurd excuse for inaction of all time: Obama says that he learned about the VA scandal from media reports, even though he’s been working on it for six years! Wait, did Biden write that?

Aside

Can the Carbon Tax

22 Thursday May 2014

Posted by Nuetzel in Uncategorized

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Australia, Carbon Tax, Climate Sensitvity, Externalities, Pigouvian Taxes, Precautionary Principle

carbon tax footprint

Economists often fall victim to the naive view that government technocrats can measure the external costs or benefits of an activity accurately. Having performed the necessary calculations, the idea is that optimal taxes or subsidies can be promulgated through the political process and applied to an activity in order to correct or “internalize” these kinds of social effluents. In their focus on private market failure, many economists fail to appreciate the extent to which governments usually “fail” in these and many other efforts. At best, one might hope that such intrusions are directionally correct, but even that is fraught with risk.

A particularly good example involves the presumed social costs of carbon emissions. Carbon tax proposals are very much in vogue, but they are not without controversy. The well-meaning assertions of climate alarmists rely on rather fatuous claims about anthropomorphic warming and an overly broad and unwise application of the precautionary principle. There is a vocal minority of climate researchers who do not believe we have sufficient knowledge about climate sensitivities to make judgements about the true social costs and even some likely benefits of a warmer climate, should that be an ultimate consequence. Moreover, accurately measuring the presumed costs is out of the question. Meanwhile, carbon taxes impose costly burdens in the here and now that are difficult to justify.

This response to Irwin Selzer on carbon taxes is worth reading (with a link to Selzer’s article).

Here is a review and further links regarding the disastrous Australian carbon tax.

And here is Robert Murphy on carbon taxes, in which he discusses some prominent estimates of costs and benefits which show the sometimes enormous danger of setting non-optimal carbon taxes (granting the conceit that an optimal tax is positive).

FYI, the unfortunate Julia in the cartoon above refers to Julia Gillard, the former PM of Australia who pushed for the country’s ill-fated carbon tax.

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Ominous The Spirit is an artist that makes music, paints, and creates photography. He donates 100% of profits to charity.

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To estimate, compare, distinguish, discuss, and trace to its principal sources everything

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The future is ours to create.

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Hoong-Wai in the UK

A Commonwealth immigrant's perspective on the UK's public arena.

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Watts Up With That?

The world's most viewed site on global warming and climate change

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Commentary from a Paleoconservative and Nationalist perspective

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In advanced civilizations the period loosely called Alexandrian is usually associated with flexible morals, perfunctory religion, populist standards and cosmopolitan tastes, feminism, exotic cults, and the rapid turnover of high and low fads---in short, a falling away (which is all that decadence means) from the strictness of traditional rules, embodied in character and inforced from within. -- Jacques Barzun

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