Q: Why is it that people believe that the government can never be wrong, but business will always be guilty? A: Most people don’t have a philosophy of government as either “good” or “bad.” In most people’s minds, government simply … Continue reading
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