A crisis–even a catastrophe–does not necessarily mean the end. It can mean the end, but it doesn’t have to mean the end. For an individual, or a society, so long as you are still alive, and so long as you … Continue reading →

How does bankrupting the government replenish the wealth of the nation?

The Wall Street Journal recently wrote: “As a thought experiment, let’s go all the way. A tax policy that confiscated 100% of the taxable income of everyone in America earning over $500,000 in 2006 would only have given Congress an … Continue reading →

I’m the first one to criticize our politicians. But the way things are set up today, it’s inevitable that ALL of them must look stupid. By “set up today” I am referring to the false assumptions most people hold about … Continue reading →

I read that California’s state government is so bankrupt that it may go into federal receivership, with the U.S. government bailing it out. This will be a first in American history. California’s politicians act as if they are victims of … Continue reading →

Everyone who thinks our national leaders are actually good people, please raise your hands. You don’t have to think they’re evil; merely bad, or mediocre. My point is this: A nation whose government is run by mediocre or bad people … Continue reading →

“This is America. We don’t disparage wealth,” Obama said. “But what gets people upset, and rightfully so, is executives being rewarded for failure … ” He might as well be saying: “We like wealth. We just don’t like the people … Continue reading →

I find the controversy over limits on executive pay interesting. I don’t care to argue either for or against limits on pay to executives who receive government funds. My argument is that in a free society, no business should receive … Continue reading →

The “stimulus” claim is based on something called the Keynesian “multiplier,” which is that each $1 of spending the government “injects” into the economy yields 1.5 times that in greater output. There’s little evidence to support this theory, but you … Continue reading →

Recently, the local paper where I live reported that there’s a problem with curbside recycling (still voluntary here). Because of local government deficits due to the economy, it’s becoming too expensive to use separate trucks to cart paper and plastics … Continue reading →

I don’t understand something. I’m supposed to be overjoyed because America has a (half) black President, and it’s a historic occasion. I’m supposed to water down my criticism of this new President because of the historic nature of the occasion. … Continue reading →

It’s too ambitious to fix the world. I don’t know that any one person can. I’m not sure what ‘fix’ even means. Many things are right about the world, and many things are wrong. You make the world a better … Continue reading →