Tag Archives

Archive of posts published in the tag: Wall Street Journal

The Guilty Conscience of the Business Roundtable

No business is likely to prosper by neglecting its employees, customers, suppliers, or the community, but none of these ‘stakeholders’ can benefit unless the business can turn a profit and provide a suitable return to its shareholders. These actors who assume otherwise are either a)ignorant of business dynamics and the function of prices and profits or b) suffering from a guilty conscience and projecting their own moral compromises onto others.

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A River of Aspirational Rhetoric

Warren 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.

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Deregulation and Antitrust

“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.”

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The Other Side of the Argument

Science and politics mixes as well as religion and politics.  Politics puts science in a box; but science functions best best when there is no damn box.  Healthy skepticism is demonized.  The strength of an argument can be measured in its tolerance of and response to dissent.

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The Uncertainty Tax and Friction Costs

Trump maybe correct in recognizing China’s destructive trade policies, but he is wrong to think that alone justifies a trade war.  He is wrong to think that Twitter is an acceptable negotiation platform, and he is wrong to think that he is the only national leader with stubborn pride.  Xi does not face an election in 2020 and has the political advantage of waiting him out, even if there are in a weaker economic position.

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Taxes and Inequality

If you prioritize economic growth over social spending, you will have a great measure of both: if you prioritize social spending over growth you will have less of both.

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The Success and Failure of Our Poverty Programs

“The stated goal of the War on Poverty is not just to raise living standards, but also to make America’s poor more self-sufficient and to bring them into the mainstream of the economy. In that effort the war has been an abject failure, increasing dependency and largely severing the bottom fifth of earners from the rewards and responsibilities of work.”

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Belief is Not Justice

If there was ever a case to be made that politics has replaced religion as the preferred faith of the left it is the use of the word ‘believe’ in determining legal liability. They believe because they want to believe.  They want to believe the opposition is so sinister and evil that no evidence is required.

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The Dogma Within You

Donald Trump is the devil, removing any need for rationality, morality or honesty from the resistance movement.  The evil of Donald Trump  is required to justify the batshit behavior we have witnessed at the Kavanaugh hearing.

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The Catastrophe of Student Debt

“The only way to undo this “vast blunder,” says Mr. Gilder, is to forgive student loans across the board and “extract the money from all the college endowments and funds that were used to just create useless departments and political campaigns.”

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Imperfect Democracy Reigns Supreme

The frustration of our democracy has many reformers wishing for a benevolent dictator. The problem is that when they cease being benevolent, they remain a dictator.

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The Fatal Conceit of a Trade War

“China targeted pistachios to inflict pain in a region where Republicans are politically vulnerable. About 99% of American pistachios are grown in California’s San Joaquin Valley, home of GOP Reps. David Valadao, Jeff Denham and Devin Nunes.”

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The Need for Ideology

“There’s nothing wrong with partisanship per se, but it’s a problem when the parties view each other as enemies and existential threats. Centrism may seem an obvious solution, but too little ideology can be as dangerous as too much.”

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ACA’s Death Toll

from the WSJ
“But new data shows that mortality rates have also increased, suggesting the policy may contribute each year to 5,400 premature deaths of Medicare patients with serious heart conditions. “

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Flawed vs Corrupt

“He regards Mr. Trump as deeply flawed but Ms. Clinton as deeply corrupt. There’s a difference. Mr. Buckley, a law professor at George Mason, uses the term “corruption” in its classic sense: the use of governmental power to enrich oneself. By that definition, given the revelations about Ms. Clinton in such books as Peter Schweizer’s “Clinton Cash” (2015), which detailed the ways in which certain extremely wealthy people purchased access to the secretary of state, Ms. Clinton is a fine instance of corruption at its unsavory worst.”

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Clarifying Capitalism

From Andy Kessler in The Wall Street Journal, Quit Modifying Capitalism (paywall) State Sponsored Capitalism (China) Casino Capitalism (Bernie Sanders) Sustainable Capitalism (Al Gore) Patrimonial Capitalism (Piketty) Surveillance Capitalism ( new one for me-  Ivy League origin) Popular Capitalism Conscious Capitalism (John…

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Promoting Stupidity

from Higher Education’s Deeper Sickness by John Ellis at The Wall Street Journal: The imbalance is not only a question of numbers. Well-balanced opposing views act as a corrective for each other: The weaker arguments of one side are pounced…

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Facts Without Context

from The Wall Street Journal, A Deceptive New Report on Climate by Steven Koonin This isn’t the only example of highlighting a recent trend but failing to place it in complete historical context. The report’s executive summary declares that U.S.…

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First Do No Harm

from The Wall Street Journal, How Democrats Learned to Love Insurance Companies by Ellysia Finley  (paywall) The cost for the most popular ObamaCare silver plans will increase 37% on average next year. Democrats and insurers are both blaming soaring premiums on…

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Banana Democrats

from Karl Rove in the Wall Street Journal,  The Democrats’ Impeachment Mania By asserting a president should be removed from office over policy differences, Mr. Steyer has done more than trivialize impeachment. He helps move America closer to the tyranny Mr.…

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