Explore Your Morals
I am closer to the typical liberal on all issues aside from my "compassion." Go figure. (Green is me, Blue are the self-defined liberals, and Red are the self-defined conservatives).
I wanted all things... To seem to make some sense..., So we all could be happy, yes, instead of tense. And I made up lies... So that they fit nice..., And I made this sad world a par-a-dise. - the Books of Bokonon - Kurt Vonnegut, Jr.
If you are, oh, a professional sports team, or an academic bowl team, and your opponents choose some of their team members on grounds other than how good they are at the sport, or how much academic trivia they know, that helps you. So it would seem Obama is choosing to get some relatively short term political gain from his appointment, at the cost of getting more long term influence on the law by nominating some intellectual giant of the left. I mean, should we be happy or sad that Obama did not nominate Cass Sunstein (the Middlesex School, Harvard, Harvard varsity squash, Harvard Lampoon, Harvard Law) to the Court? Maybe that's not a good example -- take someone as smart as Cass but more unambiguously on the left: no one comes immediately to mind, there being some tension between these qualities, but you see what I mean.
So I say, let our young President have his nomination to the Court. Is the legal left better or worse off having Justice Alito on the Court instead of Justice (pardon me while I shudder and apologize for not being a nicer person) Miers? It seems to me we are better off and they worse for having somebody of Alito's calibre on the Court. Just to state my obvious point yet again, the reason why it's a bad idea in many settings to choose somebody for a job partly on the basis of their race, sex, or other actually irrelevant qualities, is that you are not maximizing what you should be maximizing, which in the case of SCOTUS is presumably some combination of intelligence, knowledge of the law, fair minded temperament, ability to work nicely with others, and willingness to apply those large talents to the frequently trivial and incredibly boring issues to which the Court must address itself, such as whether a military officer can wear a yarmulke under his cap.
There is a sense, in short (turning to the second concern that I flagged), that capitalism has failed us, and we need something different, and that the title of my book signals support for that view. But that is not my intention. "Capitalism" is not a synonym for free markets. Capitalism is a complex economic system with many moving parts, and buying and selling and investing and borrowing and other activities carried on in private markets are only some of those moving parts. Others include a system of laws for protecting property and facilitating transactions, institutions for enforcing those laws, and regulations of markets designed to align private incentives with the goal of achieving widespread prosperity. One of the key regulatory institutions is a central bank, which in the United States is the Federal Reserve.
The part of capitalism that consists of a private banking system is unstable and can fail and can bring down much of the rest of the economy with it, and that is one reason a capitalist system cannot consist just of free markets. A central bank has a key role to play in preventing the banking system from failing; so do the other government agencies involved in the regulation of banking. These "moving parts" failed crucially in their responsibility for preventing the banking system from failing. And for reasons that I will explain in subsequent entries in this series, the blame for the depression should be allotted primarily on the Federal Reserve, on other parts of government (including the Treasury Department and Congress), and on the economics profession, rather than on the banks.
Her ethnicity aside, Sotomayor is a conventional choice. The court will remain composed entirely of former appellate court judges. And like conventional liberals, she embraces identity politics, including the idea of categorical representation: A person is what his or her race, ethnicity, gender, or sexual preference is, and members of a particular category can be represented -- understood, empathized with -- only by persons of the same identity.
...her record is far less impressive than that of most other recent nominees, such as Roberts, Alito, Breyer, and Ginsburg. Each of these was a far more prominent and better-respected jurist than Sotomayor, and Breyer and Ginsburg were leaders in the development of their respective fields of law. Sotomayor also seems far less impressive than Diane Wood and Elena Kagan, reputedly her top rivals for this nomination. The current nominee's qualifications are likely better than Harriet Miers' were; but Miers' nomination failed in large part because of her relatively weak resume. Among the current justices, probably only David Souter and Clarence Thomas had professional qualifications similar to or worse than Sotomayor's. That said, Supreme Court appointments are almost never purely merit based. Sotomayor joins a long line of nominees who were chosen in part because of political, ethnic, or gender considerations. It would probably be wrong to oppose her on that ground alone.
If hypocrisy is the homage that vice pays to virtue, then the flip-flops on previously denounced anti-terror measures are the homage that Barack Obama pays to George Bush. Within 125 days, Obama has adopted with only minor modifications huge swaths of the entire, allegedly lawless Bush program.
The latest flip-flop is the restoration of military tribunals. During the 2008 campaign, Obama denounced them repeatedly, calling them an "enormous failure." Obama suspended them upon his swearing-in. Now they're back.
Of course, Obama will never admit in word what he's doing in deed. As in his rhetorically brilliant national-security speech yesterday claiming to have undoneBush's moral travesties, the military commissions flip-flop is accompanied by the usual Obama three-step: (a) excoriate the Bush policy, (b) ostentatiously unveil cosmetic changes, (c) adopt the Bush policy.
In a year when Fed Ex and UPS made billions and paid taxes, the United States Postal “Service” lost $2.4 billion. What makes the loss more interesting is that most of that money was lost in the mail.
Since there is little demand for their “service,” the USPS has now raised the price of a stamp to forty-four cents in response. Our government will apply the same logic to Chrysler and GM upon gaining control of them. If the 2012 Cobalt does not sell at $13,000, the government will simply raise the price to $92,000 and eliminate two of the cup holders.
The Postal Service is also threatening to end Saturday mail service, so those of you who enjoy getting unsolicited flyers and junk mail on weekends will be left to suffer.
As Fed-Ex and UPS have proven in package delivery, free market competition is the answer to affordable health care in America. If health care consumers were allowed to shop for their services, had to pay for it directly, and really understood the pricing, the system would fix itself by sorting out the winners and losers.
Consumers in the United States may have to hand over nearly $2 more for a case of beer to help provide health insurance for all...
Beer taxes would go up by 48 cents a six-pack, wine taxes would rise by 49 cents per bottle, and the tax on hard liquor would increase by 40 cents per fifth. Proceeds from the new taxes would help cover an estimated 50 million uninsured Americans.
What is the species of domestic industry which his capital can employ, and of which the produce is likely to be of the greatest value, every individual, it is evident, can, in his local situation, judge much better than any statesman or lawgiver can do for him. The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it.Indeed.
Private pirate law and order is alive and well in allegedly “lawless” Somalia, and highlights two important lessons. First, even outlaws require social order and private governance institutions emerge to create this order when government does not. Second, when they emerge endogenously, as in do pirate societies, these governance institutions develop to reflect the particular needs of the individuals they govern. The resulting effectiveness of such institutions is certainly part of the reason for 18th-century pirates’ success. I suspect the private governance institutions that support the Somali pirates’ criminal economy deserve considerable credit for these sea dogs’ success so far too.
Credit cards have long been a very good deal for people who pay their bills on time and in full. Even as card companies imposed punitive fees and penalties on those late with their payments, the best customers racked up cash-back rewards, frequent-flier miles and other perks in recent years.Awesome.
Now Congress is moving to limit the penalties on riskier borrowers, who have become a prime source of billions of dollars in fee revenue for the industry. And to make up for lost income, the card companies are going after those people with sterling credit.
Banks are expected to look at reviving annual fees, curtailing cash-back and other rewards programs and charging interest immediately on a purchase instead of allowing a grace period of weeks, according to bank officials and trade groups.
The Obama administration's agenda of maximizing dependency involves political favoritism cloaked in the raiment of "economic planning" and "social justice" that somehow produce results superior to what markets produce when freedom allows merit to manifest itself, and incompetence to fail. The administration's central activity -- the political allocation of wealth and opportunity -- is not merely susceptible to corruption, it is corruption.
Yesterday, the country's major health care producers, including insurance companies, hospital and physician organizations, pharmaceutical companies, and health care labor unions, promised President Barack Obama they would reduce the growth rate of their future incomes by 1.5 percent over the next ten years. If those cuts actually happened, it would mean that in 2019 health care costs (both government and patient) would be $700 billion lower than current projections, reducing health care spending by $2 trillion over the next ten years.
Why would the industry agree to this preemptive surrender? Because it means the end of competition. Under the proposed agreement, the government would guarantee a certain level of profit for each health care producer. From the industry's point of view, the goal is to get a seat at the table as politicians and government technocrats "reform" health care—which means it will decide who the winners and losers will be.
There's a word for when the government directs the production of goods and services and divides the economic pie: corporatism. The Concise Oxford Dictionary of Politics succinctly defines coporatism as "a system of interest intermediation linking producer interests and the state, in which explicitly recognized interest organizations are incorporated into the policy-making process, both in terms of the negotiation of policy and of securing compliance from their members with the agreed policy."
The City of San Diego leases portions of Balboa Park and Fiesta Island to the San Diego Boy Scouts, which use the land to operate a camp and aquatic center. The Boy Scouts use the leased areas for their own events but otherwise keep them open to the general public — and have spent millions of dollars to improve and maintain facilities on the properties, eliminating the need for taxpayer funding. While the Boy Scouts’ membership policies exclude homosexuals and agnostics, the Scouts have not erected any religious symbols and do not discriminate in any way in administering the leased parklands.
Nevertheless, a lesbian couple with a son and an agnostic couple with a daughter challenged the leases under the Establishment Clauses of the U.S. and California Constitutions. Although none of the plaintiffs has ever tried to use the parklands or otherwise had any contact with the Boy Scouts, the Ninth Circuit found they had standing to proceed with their lawsuit because they were offended at the idea of having to contact Boy Scout representatives to gain access to the facilities. The court denied en banc review over a scathing dissent by Judge Diarmuid O’Scannlain.
These sorts of ultra-lame, super-calculated P.R. stunts really chap my hide. They're simply the obverse of official stories that Kim Jong-il doesn't ever go to the bathroom or that Mussolini could beat even Italian champs at tennis, clearly phony embellishments to alternately make leaders either superhuman or super-normal.
We are supposed to live in a republic (small R!) and one of the grand traditions of republics is that the de-spectacularize the public sphere, especially when it comes to representing political figures. Kings and monarchs rubbed their divine status in the face of the common man through gigantic and expensive pageants. Now wealthy and uber-powerful pols pretend to be sans-culottes, which may be even more insulting. Like Lady Obama wearing $540 sneakers to a food bank handout (or Nancy Reagan using dinner china made from the bones of Warner Bros. backlot extras) this sort of phony-baloney common-manism should get nothing but scorn.