Category Archives: Business

Libertarianism

The top ten ways to talk about it:

5. At Tom Palmer’s urging, I created a speech, or at least a speech opening, around the theme that “Libertarianism is the application of science and reason to the study of politics and public policy.” That is, libertarians deal in reality, not magic. We know that government doesn’t have magical powers to ignore the laws of economics and human nature.

4. Inspired by Robert Fulghum’s bestseller All I Really Need to Know I Learned in Kindergarten, I like to tell people that you learn the essence of libertarianism — which is also the essence of civilization — in kindergarten:

Don’t hit other people.
Don’t take their stuff.
Keep your promises.

I never fail to be amused by the pretension of the Left that they’re the “reality-based community.”

Sea Launch

Had an expensive oopsie.

At least they didn’t wreck the launch platform this time. But it’s not helpful for coming out of bankruptcy. I wonder if this is another symptom of the problems that the Russians have been having (yeah, I know that Zenit is Ukrainian, but as Marcia Smith notes, Sea Launch is mostly owned by Energia RSC)? Speaking of which, if Congress was really worried about safety (not to mention non-proliferation), they’d be accelerating commercial crew, and getting us off our dependency on the Russians ASAP.

Poisonous Greenery

More unintended consequences:

Recently, many jurisdictions have implemented bans or imposed taxes upon plastic grocery bags on environmental grounds. San Francisco County was the first major US jurisdiction to enact such a regulation, implementing a ban in 2007. There is evidence, however, that reusable grocery bags, a common substitute for plastic bags, contain potentially harmful bacteria. We examine emergency room admissions related to these bacteria in the wake of the San Francisco ban. We find that ER visits spiked when the ban went into effect. Relative to other counties, ER admissions increase by at least one fourth, and deaths exhibit a similar increase.

I’m never surprised when environmentalist policies kill people, because many of them hate people, but in this case, it probably is an unintended consequence. Because they never think these things through. Manhattan Beach passed one of these idiot bans recently, but at least they can still use paper bags. Of course, it didn’t affect Trader Joe’s at all. And I usually shop in Redondo, where Albertson’s still offers plastic.

And yes, I know that the problem is mitigated by washing the canvas bags each time. How many people want to do that (plus having to remember to take them)?

What If Stimulus Works?

…but only in theory?

I’m wondering if rather than being tried and found wanting, Keynesianism hasn’t been found impossible and left untried. Whether the amount of stimulus needed to jolt the economy back to trend isn’t simply too large to pass political muster. It’s hard to see a situation short of total war where that kind of money could be authorized or spent in the requisite period of time.

That’s why Krugman wants the space-alien invasion. Works, but only in theory, is how Marxism works, too.

Death Panelists

Help wanted:

It isn’t hard to see why nobody is clamoring to take a job that offers low pay and lots of regulations and will make everyone in the country hate you.

But it’s been clear from the beginning that this is the kind of thing you get with a massive, centralized health care “fix” like Obamacare: 15 unhappy people in a room making enormously important but impossible to predict decisions affecting a broad and diverse industry (not to mention the lives and health of millions). It’s hard to imagine a centralized approach getting all the nuances of health care right—and we certainly haven’t stumbled onto the miracle cure here.

We sure haven’t.