“The right of property is of course always and everywhere a necessary but not insufficient condition for the flourishing of genuine liberty, which is a different thing from genuine democracy. Democracy despises property when it does not envy it and envies it when it does not despise it, and hence Senator Bernie Sanders et al. extol democracy in their war on property, which is a war on liberty, its sometime synonym. “
Read MoreA moderate Democratic party could have leveraged this impeachment to certain victory in Congress and the Whitehouse. The new radicalized Democratic party will have a much tougher time.
Read MoreProgressives wish for more democracy yet wish to move the accountability of the administrative state further from the accountability of the voter. Progress comes from the unique output from a minority. Minority rights should be protected from majority rule. Freedom should not be sacrificed to the false god of democracy.
Read MoreWalter Williams properly noted that socialism works if you know everybody’s name; in small family and tribal units. It is poorly suited to the dispersed knowledge that is the glue of an integrated complex world. Capitalism is efficient but contrary to our biological nature. It is no surprise that the growth of tribalism in politics is accompanied by anti-capitalist rhetoric. Capitalism, like democracy, depends on values that may be contrary to human nature, while serving the betterment of mankind in our complex world.
Read More“The president has become a convenient straw man for all the political anxieties on the left, which have manifested in an unhealthy obsession and antagonism toward the constitutional system that allowed Trump to win. “
Read MoreThe passion for equality and social justice often obscures the best way to achieve it. This is the epitome of virtue signaling; policies and results matter more than intent,
Read MoreTo those who claim insurance is immune to market forces, I would suggest that the problem is that it is not. If a grocery store was required to get a certificate of need to open up a new store and the competitors got to make the decision what would likely happen to the price of food. What would happen if an association of grocers could determine who is allowed to sell food? What would happen to the price of your auto insurance of you filed a claim for oil changes and preventative maintenance? What happens to anything when you restrict supply and expand demand?
Read More“The problem for Warren (who should know better) and others like her (who often don’t) is that there is a lot more juice in the moralistic account of economic problems than in the economic account of economic problems. To make things worse, the moralistic account offered by Senator Warren is untrue. Americans are not incapable of being anything other than passive victims of forces beyond their control. “
Read More“The Depression and FDR transformed the Democratic Party. It adopted as an article of faith, held to this day by every Democratic presidential candidate, that any tear in the social fabric should be mended with permanent entitlements or subsidies. The competing idea is that subsidies are a poor substitute for finding and holding a job in a vibrant private economy.”
Read MoreBut these explanations leave me uneasy. Without the pain of excessive government debt is there ever an end to it? It seems doubtful that scarcity has been erased from economic reality. The absence of short-term firewalls has historically led to large reconciliations, and it just seems immoral to spend more that you can pay for. In 50 years gold has risen from $35 to $1517.99 an ounce (1/1/20), does anybody care? The dollar is strong, and the American economy is performing better than any other in the world, even if that only provides a low bar.
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