In beautiful California. I agree with the commenter that the Congress should put harsh (and unacceptable to the lunatics in Sacramento) conditions on any bailout.
Category Archives: Business
The War On Science
…by the left. When they accuse Republicans of this, it’s just one more case of projection. And if you consider economics a science, dismal or otherwise, their bellicosity knows no bounds.
Saving Hayek
…from people who think they’re saving Hayek.
Actually, I don’t think that even they think that’s what they’re trying to do.
An End To The Ethanol Scam?
Let’s hope so. It’s long overdue.
[Update a few minutes later]
This seems related: EU biofuels program will increase carbon emissions.
Oops.
Billion-Wise, Ten-Billion Foolish
I agree with Clark Lindsey’s post title on the stunningly stupid news that the Deficit Commission has recommended axing Commercial Crew, except it will end up costing a lot more than ten billion. It’s pretty clear from the announcement that they don’t even understand the purpose, and that it would save NASA billions. In fact, they are unwittingly recommending ending NASA human spaceflight, and consigning us to continuing to be held hostage by the Russians for years. More thoughts later, here or elsewhere. All of the nonsense about this in the media over the past many months hasn’t helped, of course.
[Evening update on the Left Coast]
I have more extensive thoughts over at National Review On-Line.
Bad Renters
That’s what the political class is like:
The crop that have just been semi-tossed were particularly bad – they’ve been ripping out the copper plumbing and smashing the furniture for firewood.
It would be great if we could get the lot of them a much smaller, less damage prone dwelling. How about a supermax cell?
Actually, I still prefer Arnold Kling’s “thugs ransacking my house” analogy.
A Great Idea
In a post discussing why spending, not revenue, is the problem:
Here is a good bipartisan idea: Congress should repeal any piece of legislation that was passed last year on party lines only. I can think of a few.
Simple and smart. And as for the objection that the president will simply veto them, fine. It will provide clarity for the next election.
The Difference Between California And The Titanic
The Titanic passengers didn’t vote to hit the iceberg.
A Feature, Not A Bug
Privatizing liquor would increase revenue and decrease consumer costs, but it would result in government layoffs:
As I noted in August, privatization advocates also have been known to argue, with a logic familiar to fans and foes of President Obama’s stimulus package, that the business of distributing alcoholic beverages should be designed to maximize jobs—i.e., to be as inefficient as possible.
Why do we have to be ruled by economic ignorami? And why is it that only places like Reason point things like this out? Why can’t the lame-stream media think, just a little, when they report this stuff?
On Conservative Skepticism Of Climate Policy
I’m pretty much on the same page as Jonathan Adler:
Hendricks’ effort to scare conservatives into supporting big government now to avoid bigger government later rings particularly hollow. Why is it that everything requires bigger government? Climate change is a threat? Extend government tentacles throughout the economy. Climate change is already happening? Ditto. Adaptation is necessary? More of the same. Were climate change not happening at all, I suspect Hendricks would still endorse a substantial expansion in government power.
Admittedly some on the right are equally reflexive, assert government is never the answer, and go to lengths to deny climate change poses any threat whatsoever. Yet there are also plenty of conservatives and libertarians who are deeply skeptical of government intervention, but are nonetheless willing to believe global warming might be a problem. It’s perfectly reasonable to believe that reducing greenhouse gas emissions does not require the enactment of monstrous, pork-laden, regulatory statutes like Waxman-Markey. And it’s not at all clear that climate adaptation necessitates a massive expansion of government power. In many areas, such as water, climate adaptation requires more reliance on markets, not less. Climatopolis author Matthew Kahn also blogged here about how successful climate adaptation will be driven by market forces, not government planners.
I share Hendricks’ and Farber’s frustration that more conservatives don’t take climate change or other environmental concerns seriously. But I also believe some of this is the environmentalist movement’s own doing. If everything calls for the same big government solution, why does it matter what the problem is?
Concern about the environment has always been hijacked by socialists, going all the way back to the early “progressive” movement, and the trend just got worse with the end of the Cold War, and socialism discredited, after which they changed brands and became watermelons. Policy has to be based on a rational calculation of the costs and benefits, rather than simply using every perceived crisis as an excuse for further accumulation of government power.