Tag Archives

Archive of posts published in the tag: Wall Street Journal

The Negative Job Value of the Ivy League

So for a high premium price the Ivy League provides negative value. Students are either coddled or cowards. Getting expelled may increase your job value.  Woke is a liability in the job market outside of academia and a few government positions.

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Catharsis is not Progress

The fact that the history of the Tulsa massacre is such an outrage is because it is so rare today; indicative of the phenomenal progress we have made. We cannot change the past but we can impact the future. That means reckoning with the past honestly but also reckoning with the present honestly.  In Discrimination and Disparities Thomas Sowell addresses several other causes of inequities other than discrimination in the past and the present.  Real progress requires honesty more than outrage.

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Peter Has Options

When you rob Peter to pay Paul you can always count on Paul’s approval, but you cannot count on Peter to remain cooperative. Peter has options.

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Paying Penance to Political Religion

“The rush by corporate leaders to denounce Georgia’s new voting law will rank in infamy as one of the most cowardly, cynical and socially destructive moves in modern American history.”

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Woke Book Burning

Banning books is no different than burning them.  Tolerating this nonsense is how tyrannical minorities assume power.

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Zealots by Another Name

“Both ideologies aim to tear down the existing system and replace it with utopias that always turn out to be hellish anarchies: Islamic State in Raqqa, the Capitol Hill Autonomous Zone in Seattle. Both are collectivist: Group identity trumps the individual. Both tolerate—and often glorify—violence carried out by zealots.”

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Covid Thoughts 2020 04 25

New data indicates that the disease arrived here much earlier than we thought, has already spread to many more people than we thought, and based on the estimated cases as compared to diagnosed cases the mortality is much less than we thought.

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Impeachment Afterthoughts

The impeachment seemed liked a hail Mary from the inception, motivated more by rage than reason. That is precisely why the constitution designed the process as they did to start in the House and then move to the Senate.  Rather than viewed as a Constitutional crisis, it should be affirmed as its proper functioning. It does not become a threat to the constitutional order just because you disagree with the outcome.

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Health Market Realities

To 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?

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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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