“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“It’s an understandable temptation, in the sense that changing, say, tax credits is far less daunting than repairing a culture. But then, who are the real materialists, if the answer to a cultural meltdown isn’t to address the human soul but to say, “Don’t worry, we can engineer it all through regulation and the tax code”?
Read MoreLike all ideologies capitalism evolves with experience and adjusts to failures and social evolution. It never achieves perfection, but its endurance indicates a strength that competing ideologies lack. We can learn much from the ones that failed, though it seems every generation is cursed to try them again. The ones that succeed are subject to be taken for granted. It is the job of the educational institutions to transfer the understanding of our critical institutions, and their failure is crippling.
Read MoreWarren is the epitome of the fatal flaw of our government; promising benefits without paying for them, hiding the costs in a maze of cross subsidies, mandates, taxes, regulations and proxies. Contending that she can execute this strictly on the backs of the rich is a grotesque lie that only fools would believe.
Read More“Mr. Philippon is no fan of regulation. On the contrary, in his view political lobbying ensures that regulatory regimes benefit the status quo by limiting the entry and growth of small firms that might become challengers to big market players.”
Read MoreWhen you rob Peter to pay Paul you can count on Paul’s approval, but you can also count on Peter moving to another more friendly place. When you try to build a wall to keep Peter in, you also discourage Peters from moving here, and you encourage young and enterprising Peters to move away BEFORE they become wealthy enough to be worth robbing.
Warren’s policy is as destructive of our long term financial health as any policy we can imagine.
Read MoreBig ideas that expand the government’s power and domain into aspects of our lives where they possess neither the knowledge nor ability to succeed leaves them with only one tool; raw power. Big ideas that come at the expense of bigger and better ideas proven over time is not a sign of progress.
Read MoreA political party is a coalition of interests designed to convince a majority to trust it enough to let it govern. The Progressive Era in its aim to neuter the constitutional speed bumps to majoritarian democracy pushed for democratic primaries. Initially the parties retained some ideological commitment, but in the age of instant outrage media, they have descended into tribal warfare where emotions rule over ideas. The two sides do not share common information or common narratives that define us as a nation. There is no mere disagreement on how we arrive at common goals; we no longer agree on who we are.
Read MoreWarren uses ‘rich people’ as a scapegoat in the same way the classical bigots of history used religious and ethnic vulnerable minorities and the ‘others’. It is a form of intellectual bigotry and is clouded in the same lethal combination of ignorance and dishonesty.
Read More#MeToo competes with #BLM for the Oppression Oscar. The end game of identity politics is not inclusion, but exclusion. Identity politics and its ugly stepchild, political correctness, are used to justify violence just as it did in Germany. Irony is lost on those who call this behavior antifascist.
Read MoreWarren shows no understanding of what profit is. It is the signal that determines the best allocation of resources. The better ideas attract the most capital through the profit incentive. Profit is a byproduct of innovation and ideas. Ms. Warren would substitute this with a government bureaucracy who will determine the proper allocation of resources. The would not only squelch economic growth and innovation, it would increase corruption exponentially as businesses curried political rather than consumer approval. Startups would head overseas.
Read MoreThe left had hoped that their outage would be limited to Roger Ailes and Bill O’Reilly, but Matt Lauer and Charlie Rose also became victims. Roy Moore may have been cock blocked (pun absolutely intended), but so was Al Franken.
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A Permanent Stain on Their Party
“If this is the new standard, then every racist thing Donald Trump has ever said about immigrants is immune to criticism because he can claim he was just encouraging “openness” and “conversation.” As Dean Phillips, a fellow Democratic freshman (and moderate) from a nearby Minnesota district lamented to Politico, “suddenly an entire party is being branded by the perspectives of two of its members [Omar and Alexandria Ocasio-Cortez] who represent 1 percent of the caucus.”
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