Category Archives: Business

To Those Who Oppose The Constitution

A response:

…there always have been American Tories—people who chafe at restraints on central power and would prefer a British-style government. In recent years, as political “progressives” have gradually lost the scholarly battle over constitutional interpretation, some have stopped pretending the Constitution means whatever they want it to, and have begun to trash the document itself.

But the source of the claim is more shocking, because it comes from one who has taught constitutional law for 40 years. And who should know better.

Did the Constitution cause our present “fiscal chaos?” Quite the contrary. The crisis has arisen not because we followed the Constitution, but because we have allowed federal officials to ignore it. In the 1930s, the Supreme Court announced that it would stop enforcing the Constitution’s limits on federal spending programs. Without meaningful spending restraint, Congress became an auction house where lobbyists could acquire new money streams for almost anything—a redundant health care program; a subsidy for an uneconomic product; or a modern art museum in Indiana.

It is hard to believe there would be a fiscal crisis today if federal spending had remained within the Constitution’s generous but limited boundaries.

…Although it is true, as Professor Seidman states, that politicians have violated the Constitution, it is rarely true that we have been better off for it. The breaches have included incarceration of innocent citizens during World War II, ill-advised attempts to micro-manage the economy through monetary and regulatory policy, and unrestricted spending. We have lived to rue them all.

The thought of limited government is anathema to would-be tyrants. Read the whole thing, which demolishes the ad hominem arguments put forth by those who want to ignore our founding document.

The Left’s War On Science, Part …

It turns out that fracking is perfectly safe, and the New York state government tried to hide the evidence:

Greens are quick to defend their climate change position with scientific evidence and have positioned themselves as a movement wedded to science. But it is becoming increasingly apparent that evidence is a flag of convenience for a movement that is rooted in emotion and passion far more than it likes to admit.

Because it doesn’t like to admit it at all, even though it’s mostly that.

The Zero-Sum Thinking

…of a small-minded class warfare president:

…the worst thing that you’ve done internationally is what you’ve done domestically. You sent a message to America in your re-election campaign. Therefore you sent a message to the world. The message is that we live in a zero-sum universe.

There is a fixed amount of good things. Life is a pizza. If some people have too many slices, other people have to eat the pizza box. You had no answer to Mitt Romney’s argument for more pizza parlors baking more pizzas. The solution to our problems, you said, is redistribution of the pizzas we’ve got—with low-cost, government-subsidized pepperoni somehow materializing as the result of higher taxes on pizza-parlor owners.

In this zero-sum universe there is only so much happiness. The idea is that if we wipe the smile off the faces of people with prosperous businesses and successful careers, that will make the rest of us grin.

There is only so much money. The people who have money are hogging it. The way for the rest of us to get money is to turn the hogs into bacon.

Mr. President, your entire campaign platform was redistribution. Take from the rich and give to the . . . Well, actually, you didn’t mention the poor. What you talked and talked about was the middle class, something most well-off Americans consider themselves to be members of. So your plan is to take from the more rich and the more or less rich and give to the less rich, more or less. It is as if Robin Hood stole treasure from the Sheriff of Nottingham and bestowed it on the Deputy Sheriff.

But never mind. The evil of zero-sum thinking and redistributive politics has nothing to do with which things are taken or to whom those things are given or what the sum of zero things is supposed to be. The evil lies in denying people the right, the means, and, indeed, the duty to make more things.

And in all of his policies, that’s exactly what he does.

The College-Industrial Complex

…takes a blow:

Let’s see. Where is a teenager more likely to learn the basic and transferable virtue of showing up every day and on time, not to mention how to get along with a boss and fit into an organization — as a communications and binge-drinking double major at Missoula State University, or as a mechanic fixing broken rig equipment? Too many high-school graduates are reflexively going to college as it is, without a clue what they are doing there or how to take advantage of higher education. Mandatory stints in the private economy before college enrollment could do wonders for study skills. If, by deferring or maybe even skipping college entirely, students were foregoing their one hope for immersion in Western civilization, there would indeed be grounds for regret. But colleges’ own curricular decisions have long since destroyed their right to present themselves as a gateway for precious knowledge of the past.

No kidding.

A lot of people are in college who don’t belong there, and don’t really know why they’re there, wasting their or their parents’ money, or accumulating debt undischargeable in a bankruptcy, except society has told them that it is expected of them. Many of them would be a lot better off getting jobs after high school, and then, after they’ve figured out what they want to do, going to school if their goals require it. In general, older students with life experience (and particularly veterans) are more motivated, and will get much more out of college than someone who just graduated high school (and was perhaps unprepared for college by the terrible public school system).

After I (barely) graduated high school, I was in no mood for college (I didn’t even bother to take the SAT), and went to work for a year or so repairing Volkswagens. That was enough experience to tell me that I didn’t want to do it all my life, and I went to community college for a couple years, picking up enough pre-engineering courses with As to get into Michigan engineering school, something that I wouldn’t have been able to do right out of high school with my grades. And if you want to learn, and save money, you’ll actually get a better education at a community college than a major university for your freshman and sophomore years, because classes will be smaller, with more individual attention from the instructors. It’s only the advanced courses that require a university.

[Update a while later]

A campus full of contradictions:

…perhaps a fourth of the liberal arts courses — many would judge more like 50% — would never have been allowed in the curriculum just 40 years ago. They tend to foster the two most regrettable traits in a young mind — ignorance of the uninformed combined with the arrogance of the zealot. All too often students in these courses become revved up over a particular writ — solar power, gay marriage, the war on women, multiculturalism — without the skills to present their views logically and persuasively in response to criticism. Heat, not light, is the objective of these classes.

Why are these courses, then, taught?

For a variety of practical reasons: 1) often the professors are rehashing their doctoral theses or narrow journal articles and are not capable of mastering a wider subject (e.g., teaching a class in “The Other in Advertising” is a lot easier than a systematic history of California); 2) the quality of today’s students is so questionable that the social sciences have stepped up to service the under-qualified, in the sense of providing courses, grades, and graduation possibilities; 3) the university does not see itself as a disinterested nexus of ideas, where for a brief four years students are trained how to think, given a corpus of fact-based knowledge about their nation and world, and expected to develop an aesthetic sense of art, music, and literature. Instead college is intended as a sort of boot camp for the progressive army, where recruits are trained and do not question their commissars.

So the new curriculum in the social sciences and humanities fills a need of sorts, and the result is that today’s graduating English major probably cannot name six Shakespearean plays; the history major cannot distinguish Verdun from Shiloh; the philosophy major has not read Aristotle’s Poetics or Plato’s Laws; and the political science major knows very little of Machiavelli or Tocqueville — but all of the above do know that the planet is heating up due to capitalist greed, the history of the United States is largely a story of oppression, the UN and the EU offer a superior paradigm to the U.S. Constitution, and there are some scary gun-owning, carbon-fuel burning, heterosexual-marrying nuts outside the campus.

If we ask why vocational and tech schools sprout up around the traditional university campus, it is because they are upfront about their nuts-and-bolts, get-a-job education: no need to worry about “liberal arts” or “the humanities” — especially given that the universities’ General Education core is not very general and not very educational any more. Yes, I am worried that the University of Phoenix graduate has not read Dante, but more worried that the CSU Fresno graduate has not either, and the former is far more intellectually honest about that lapse than the latter.

What a disaster.

The Future Of Tax Rates

They can’t go up much more, despite the delusions of the class warriors:

…we’re pretty quickly going to have to start exploring tax increases on people who make less than $250,000 a year . . . or exploring serious spending cuts. Or looking to limit deductions (including yes, the sacred deductions for charitable deductions and state and local income taxes, and the tax-free status of municipal bonds).

Probably, we are going to have to do all three. The era of “Don’t tax you–don’t tax me–tax that fellow behind the tree!” is coming to a close, not because we’re any more in touch with reality than we were five years ago, but because pretty soon, reality is going to get in touch with us.

Yes. As Frank J. says, math is coming:

Obama wants Math locked completely out of the fiscal cliff talks and instead wants unlimited power to raise the debt ceiling and then tax the rich because of the demands of Fairness — Fairness being the left’s favorite imaginary friend. Math won’t stop laughing at Obama’s plan to pay for everything by taxing the rich, so Obama just won’t work with it at all.

The Republicans at least acknowledge that Math exists but are only trying to compromise with it. We’re broke, and Obama wants to buy a Ferrari we can’t afford, and they’re trying to argue him down to a BMW we can’t afford. I guess they think if they make some changes to entitlements, Math will just relent and allow 2 + 2 to equal 5 so the rest will add up.

Our children and grandchildren will curse all this selfishness and irrationality.