• About

Sacred Cow Chips

Sacred Cow Chips

Author Archives: Nuetzel

St. Louis Cab Cartel Blocks Uber, Lyft

11 Wednesday Jun 2014

Posted by Nuetzel in Uncategorized

≈ Leave a comment

Tags

Glenn Reynolds, Lyft, Ride sharing, St. Louis, Uber

Image

Ride-sharing services Uber and Lyft have been thwarted in their efforts to enter the St. Louis market thus far. These would-be competitors offer local politicians “insufficient opportunities for graft,” according to Glenn Reynolds. Uber and Lyft are doing business in many major markets in the U.S. and abroad, but entrenched interests continue to fight their existence, not through market competition, but via influence on local governments. The St. Louis Business Journal ran a video on the local efforts of Uber and Lyft in early May — linked here. Lyft now awaits the decision of a St. Louis Circuit Court judge, discussed here, as to whether its business model falls under the regulations of the Metropolitan Taxicab Commission. Coincidentally, the MTC is controlled by local taxi companies.

Green With Irony

08 Sunday Jun 2014

Posted by Nuetzel in Uncategorized

≈ Leave a comment

Tags

Carbon Emission Rules, Climate Change, Greening, Roy Spencer, Vegetative Cover

Image

The relatively brief increase in global temperatures during the late 20th century took a pause over the past 15 years or so, but worldwide carbon emissions have continued to grow (now at the “alarming” level of 4 parts per 10,000 in the atmosphere, despite significant decreases in the U.S. over the past few years, and even bigger decreases in U.S. carbon emissions relative to real output). This disconnect is a major reason why climate models have failed so miserably in recent years. Ironically, the warming that did occur last century, and the continuing increases in carbon concentrations, have increased the earth’s vegetative cover and “greened” the planet, as described by climatologist Roy Spencer. This appears to have occurred in certain desert regions as well as areas of more moderate conditions. Coincidentally, this greening is a source of increased carbon uptake as well.

In the meantime, President Obama has announced new carbon emission rules for U.S. power plants. Here’s another Roy Spencer post on that topic. The new rules will raise energy costs, damage the economy, and contribute climate benefits of approximately zero.

Is Community Service So Praiseworthy?

05 Thursday Jun 2014

Posted by Nuetzel in Uncategorized

≈ Leave a comment

Tags

Arnold Kling, Community service, Milton Friedman, William Buckley

Image

Community service is always praised as an honorable activity, at least when it isn’t assigned in court, but should it be given extra emphasis by schools in admission decisions? Should schools (or society) expect some minimum level of community service of college applicants (or anyone)? Should it be viewed as experientially or ethically superior to time spent developing one’s talents? Time spent gaining job experience? Time spent earning income? Arnold Kling takes a hard line on this question, arguing that community service deserves no more praise than other endeavors. He believes the topic is worthy of a high school graduation speech.

One commenter on Kling’s post noted that Milton Friedman once asked William Buckley (who advocated national service) whether cleaning the toilet in a public school does more to serve the community than cleaning the toilet in a McDonalds. I’m inclined to agree with Kling that there are many activities that have at least as much value as community service. He says:

“If you judge people by how their life’s work contributed to better lives for people and less poverty in the world, then I will gladly stack up the Henry Fords and Thomas Edisons against the Mother Theresas. Collectively, the capitalists and entrepreneurs have a much better claim on our gratitude than do the icons of community service.”

But I also assert that it all depends on the nature of the activity, which should be self-evident. Community service might also reflect on the breadth of an individual’s experiences, or their “well-roundedness.” Still, even “having fun” has value, sometimes great value. If you like your work, your productivity and enjoyment count for a lot. Like Kling, I have strong reservations about conferring special status to time spent doing community service activity. It can be good or it can be of less value than other choices. It can even be a fraud.

Fed’s Make Bad Loans, Blame The Banks

05 Thursday Jun 2014

Posted by Nuetzel in Uncategorized

≈ Leave a comment

Tags

CFPB, Student Loans Defaults, Tuition Inflation

Image

An unfortunate side effect of federal student loan programs has been to inflate tuition at institutions of higher learning. Subsidized lending creates demand; higher tuition is the next step as schools ration the limited number of admissions they can offer (or attempt to defray the added costs of a higher number of enrollees). The ease with which borrowers can default is likely to exacerbate this cycle, and the administration has made it easier to do so. The federal government issues well over 90% of student loans for higher education in the U.S., and default rates are very high relative to private student loans. But a representative of the Consumer Financial Protection Bureau testified before a congressional committee today to recommend that “Congress consider putting in place more consumer protections in the private student-loan market….” Uh-huh. See Let’s Blame The Market for some background, and this article for a brief review of the hearing.

Politics Over Science At The IPCC

04 Wednesday Jun 2014

Posted by Nuetzel in Uncategorized

≈ Leave a comment

Tags

Climate Change, Daniel Botkin, IPPC

Image

Daniel B. Botkin “dismantles” the IPCC 2014 report on climate change in testimony before the House Committee on Science, Space and Technology. Well worth reading. A point he makes up front: “I have … been dismayed and disappointed in recent years that this subject has been converted into a political and ideological debate.”  

A brief bio: “Daniel B. Botkin, a world-renowned ecologist, is Professor (Emeritus), Department of Ecology, Evolution and Marine Biology, UC Santa Barbara, and President of The Center for The Study of The Environment, which provides independent, science-based analyses of complex environmental issues. The New York Times said his book, ‘Discordant Harmonies: A New Ecology for the 21st Century* is considered by many ecologists to be the classic text of the [environmental] movement.'”

Smartest Guy Strikes Again

04 Wednesday Jun 2014

Posted by Nuetzel in Uncategorized

≈ Leave a comment

Tags

Bergdahl, Desertion, Obama, Prisoner Trade, Taliban

Image

I shouldn’t lead with a sarcastic headline like that, but the prisoner trade executed by the White House is almost beyond belief. Almost, but this is the Obama White House, after all. Here’s The Hill’s latest report: Prisoner Swap Blows Up On WH. Even if you want Guantanamo closed, the trade is grotesque: behind Congress’s back, in violation of recent legislation, we have the release of five high-level Taliban, who themselves are very likely to have played a role in killing Americans, in exchange for a deserter who’s disappearance is strongly alleged to have cost the lives of several American soldiers. So far, it seems that everyone except Harry Reid is upset. Mad Magazine’s take is shown in the pic above, but Bergdahl is a sergeant, not a private. 

Can The VA Bureaucracy Be Reformed?

01 Sunday Jun 2014

Posted by Nuetzel in Uncategorized

≈ Leave a comment

Tags

Bureaucracy, Megan McArdle, Restructuring, Veteran's Affairs, Yuval Levin

Image

Yuval Levin assesses the VA in the aftermath of the waiting list scandal, damning the fraud but also giving credit for good performance where credit is due. He debunks some recent defensive claims and apologia, especially concerning comparisons of the VA to the private health care system. Levin concludes that powerful political interests are likely to prevent any big structural changes at the VA. Bad news!

Megan McArdle thinks that fixing the VA bureaucracy is impossible short of a major upheaval, citing the kinds of experiences that have led to successful and unsuccessful corporate restructurings. “Over time, institutions develop a strong culture, a set of institutional practices, customs and norms that control what the organization is capable of doing. To see what I mean, imagine the staff of the New York Times producing Gawker — or the staff of Gawker Media producing the New York Times.” Only sweeping changes, which are often cruel to the old guard, can lead to a successful transition. This is unlikely at the VA.

Ma Jones Writer Fair To Koch Bros.

31 Saturday May 2014

Posted by Nuetzel in Uncategorized

≈ 1 Comment

Tags

Issue Politics, Koch Brothers, Libertarianism, Nick Gillespie

Image

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

≈ Leave a comment

Tags

central planning, Obamacare, Technocracy

Image

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

≈ Leave a comment

Tags

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

Image

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.

← Older posts
Newer posts →
Follow Sacred Cow Chips on WordPress.com

Recent Posts

  • Grading Trump II, So Far
  • A Warsh Policy Scenario At the Federal Reserve
  • The Coexistence of Labor and AI-Augmented Capital
  • The Case Against Interest On Reserves
  • Immigration and Merit As Fiscal Propositions

Archives

  • March 2026
  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014

Blogs I Follow

  • Passive Income Kickstart
  • OnlyFinance.net
  • TLC Cholesterol
  • Nintil
  • kendunning.net
  • DCWhispers.com
  • Hoong-Wai in the UK
  • Marginal REVOLUTION
  • Stlouis
  • Watts Up With That?
  • American Elephants
  • The View from Alexandria
  • The Gymnasium
  • A Force for Good
  • Notes On Liberty
  • troymo
  • SUNDAY BLOG Stephanie Sievers
  • Miss Lou Acquiring Lore
  • Your Well Wisher Program
  • Objectivism In Depth
  • RobotEnomics
  • Orderstatistic
  • Paradigm Library
  • Scattered Showers and Quicksand
  • Jam Review

Blog at WordPress.com.

Passive Income Kickstart

OnlyFinance.net

TLC Cholesterol

Nintil

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

kendunning.net

The Future is Ours to Create

DCWhispers.com

Hoong-Wai in the UK

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

Marginal REVOLUTION

Small Steps Toward A Much Better World

Stlouis

Watts Up With That?

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

American Elephants

Defending Life, Liberty and the Pursuit of Happiness

The View from Alexandria

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

The Gymnasium

A place for reason, politics, economics, and faith steeped in the classical liberal tradition

A Force for Good

How economics, morality, and markets combine

Notes On Liberty

Spontaneous thoughts on a humble creed

troymo

SUNDAY BLOG Stephanie Sievers

Escaping the everyday life with photographs from my travels

Miss Lou Acquiring Lore

Gallery of Life...

Your Well Wisher Program

Attempt to solve commonly known problems…

Objectivism In Depth

Exploring Ayn Rand's revolutionary philosophy.

RobotEnomics

(A)n (I)ntelligent Future

Orderstatistic

Economics, chess and anything else on my mind.

Paradigm Library

OODA Looping

Scattered Showers and Quicksand

Musings on science, investing, finance, economics, politics, and probably fly fishing.

Jam Review

"If you get confused, listen to the music play."

  • Subscribe Subscribed
    • Sacred Cow Chips
    • Join 128 other subscribers
    • Already have a WordPress.com account? Log in now.
    • Sacred Cow Chips
    • Subscribe Subscribed
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar