In an excellent piece urging that oral contraception become available over the counter that ran in this morning’s print edition of the Wall Street Journal (subscription may be required), Louisiana Governor Bobby Jindal, whose résumé includes a litany of health policy wonkery, sounded the death knell of both big government’s dominion over one aspect of reproductive health, and the pharmaceutical industry’s influence over that policy. Further, Jindal’s position masterfully bridges the gap between social conservatives and libertarians, as it accounts for both market-based health care (vs. Obamacare) and the protection of religious liberty and conscience (also vs. Obamacare). Here’s an excerpt:
Over the weekend, the USS Enterprise—the real one, not James T. Kirk’s ship—was retired in Virginia:
NORFOLK, Va. (AP) - The world’s first nuclear-powered aircraft carrier was retired from active service on Saturday, temporarily reducing the number of carriers in the U.S. fleet to 10 until 2015.
The USS Enterprise ended its notable 51-year career during a ceremony at its home port at Naval Station Norfolk, where thousands of former crew members, ship builders and their families lined a pier to bid farewell to one of the most decorated ships in the Navy.
“It’ll be a special memory. The tour yesterday was a highlight of the last 20 years of my life. I’ve missed the Enterprise since every day I walked off of it,” said Kirk McDonnell, a former interior communications electrician aboard the ship from 1983 to 1987 who now lives in Highmore, S.D.
The Enterprise was the largest ship in the world at the time it was built, earning the nickname “Big E.” It didn’t have to carry conventional fuel tanks for propulsion, allowing it to carry twice as much aircraft fuel and ordnance than conventional carriers at the time. Using nuclear reactors also allowed the ship to set speed records and stay out to sea during a deployment without ever having to refuel, one of the times ships are most vulnerable to attack.
Notice how the story says that the number of aircraft carriers is only “temporarily” reduced to 10 until 2015. That’s because they’re building more of them, and yes, the next one will be named Enterprise:
I know we’re focused pretty intensely on the elections, which are only two weeks away, but we always need to focus as well on underlying principles and concepts that drive our economy and our government. Elections come and go; this stuff is forever. In that vein, you really need to take a look at a new paper from the Mercatus Center at George Mason University, by Randall Holcombe:
Crony capitalism describes an economic system in which the profitability of firms in a market economy is dependent on political connections. The term has been used in the popular press but rarely appears in academic literature. However, there has been a substantial amount of academic research on various components that, when aggregated, describe crony capitalism. This literature shows that crony capitalism exists only because those in government are in a position to target benefits to their cronies, and have an incentive to do so, because they get benefits in return. The ability to target those benefits is a result of the spending and regulatory power of government, so big government causes cronyism. One remedy often suggested for cronyism is more government regulation and oversight of the economy, but this remedy misunderstands the cause of cronyism. The substantial and well-established economic literature on the components of crony capitalism shows that big government is the cause of crony capitalism, not the solution.
By “crony capitalism,” of course, he refers to lobbyists, and big business using those lobbyists to get more power and take more wealth away from the public. It’s the reason we had Occupy Wall Street, and why many folks still cry out for “regulation” to “rein in” big business and the big banks.
Jason Pye has written a great blog post about libertarians and the Romney campaign already. He asked me my opinion about it, perhaps even with the possibility of a “point-counterpoint” sort of thing. I pretty much agree with what he’s saying, particularly about Ron Paul and the Libertarian Party. We are not a monolithic group; we are a very wide and very diverse range of individuals who just want to increase individual liberty.
What I want to add is that, while Republicans and conservatives complain about us, and want us to support them in elections, they have done nothing to earn such support. Let me show you a few examples:
A Romney administration would listen much more closely to a libertarian movement that supported him.
— Brandon Kiser (@Kiser) September 24, 2012
To which I responded with:
@BrandonKiser Then maybe he should do more to support the libertarian movement.
— Jeremy Kolassa (@jdkolassa) September 24, 2012
And to which I got this response:
@jdkolassa I didn’t say it wasn’t a two way street. But I’m pretty sure I know which side burned their bridge first.
— Brandon Kiser (@Kiser) September 24, 2012
House Republicans have recently put forward a new bill, H.R. 6213, otherwise known as the “No More Solyndras Act.” It was passed by the House Energy & Commerce Committee on August 1st, and sounds quite promising when you consider the colossal mistake that Solyndra, supported by federal loans, was. It’s estimated that taxpayers will lose over half a billion dollars on Solyndra, which went bankrupt last year. Preventing that from happening again is a great idea.
Unfortunately, the Republicans backing this bill are not really saving you from another Solyndra, or Beacon Power, or Abound. For the “No More Solyndras Act” leaves a gaping hole—as in, everything before December 2011 is still totally cool.
See, it’s “No More Solyndras,” not “No Solyndras.” As the text of the bill makes plain, the Act only prevents new applications from new companies, not applications from ones “grandfathered” in:
Recently elected socialist French president François Hollande.
While I’m not sure I always buy whole-hog the amorphous concept of “regulatory uncertainty,” brought on by the administrative state, as a catch-all explanation for everything wrong with the private sector and our nation’s current unemployment crisis, a fascinating Bloomberg Businessweek Global Economics feature from May 2012 looks at French labor policy (emphasis mine):
[France] has 2.4 times as many companies with 49 employees as with 50. What difference does one employee make? Plenty, according to the French labor code. Once a company has at least 50 employees inside France, management must create three worker councils, introduce profit sharing, and submit restructuring plans to the councils if the company decides to fire workers for economic reasons.
French businesspeople often skirt these restraints by creating new companies rather than expanding existing ones.
Usually, when we argue for the cause of freedom and liberty, we do so by engaging in arguments using economics. The broken window fallacy, third-party payer problems, supply and demand, etc. They do work, to an extent, and they are good tools. But they aren’t the only tools in the basket.
My good friend Sean Malone, the Director of Video Production* over at the Charles Koch Institute, has put together a new series of videos for the Economic Freedom Project, which tell the stories of small business entrepreneurs who are forced to survive in an environment marred by over regulation, cronyism, corruption, and a far too large business. The first had yours truly as a video assistant, which really meant that I went into the break room to steal the “guest only” Coke Zeros for Sean. But don’t tell anyone.
We have to remember that we’re not fighting for liberty just because it’s more economically efficient, or that it fits some philosophical message. (Well, it does, but…) We’re doing it because there are people out there, people who are legitimately suffering from too much government and not enough freedom. If more Americans see this—hell, if more homo sapiens see this—then maybe they will wisen up and realize that the “1%” or whomever is the target of today’s Two-Minute Hate is not some intangible, inanimate object, but is in fact a real human being, and deserves to be treated as such.
That’s what really matters. And that’s what we need to be telling people.
An article from Suffolk, VA came to my attention on my Facebook page this weekend. It was about how Supplemental Nutritional Assistance Program (SNAP) aka food stamp use has nearly doubled in that area since the beginning of the economic downtown in 2007. We also had announced last week that the US Department of Agriculture was recommending “food stamp parties” to target seniors into enrolling in the program.
“Throw a Great Party. Host social events where people mix and mingle,” the agency advises. “Make it fun by having activities, games, food, and entertainment, and provide information about SNAP. Putting SNAP information in a game format like BINGO, crossword puzzles, or even a ‘true/false’ quiz is fun and helps get your message across in a memorable way.”
This “food stamp party” idea is an addition to other advertising campaigns going on across the country to increase enrollment. The results of this advertising have been very clear:
In the 1970s, one out of every 50 Americans was on food stamps. Today one our of every seven receive the benefit. After the recession, the ratio is expected to hover around one out of every nine, according to the Congressional Budget Office.
The USDA even promotes the food stamp program as economic stimulus:
It’s official: the New York Times’ resident Nobel Prize Laureate/Loony is delusional. He wrote on his blog Monday about “how right he was”:
We’re coming up on the second anniversary of my piece “Myths of Austerity“, in which I tried to knock down the simply insane conventional wisdom then gelling among Very Serious People. Intellectually it was, I think I can say without false modesty, a huge win; I (and those of like mind) have been right about everything.
But I had no success in deflecting the terrible wrong turn in policy. Moreover, as far as I can tell none of the people responsible for that wrong turn has paid any price, not even in reputation; they’re still regarded as Very Serious, treated with great deference. And the political tendency behind that terrible economic analysis has at least a 50% chance of triumphing in America.
“Oh well” is right.
His first problem is that he says he has “been right about everything.” When one looks at the stimulus programs that have been enacted since this recession began, and the high unemployment that has persisted, the evidence is blatantly clear: Krugman is an idiot.
His second problem is his statement that “I had no success in deflecting the terrible wrong turn in policy.” Um, lest I am living on a different worldline than Krugman, the man’s main policy prescription has been stimulus, and we’ve had a lot of it:
EDIT: I’m not saying that Ron Paul fans are necessarily anarcho-capitalists. They are two camps that need to be addressed equally, and thus share a post. I apologize if the title seems a bit misleading.
I love you guys. Well and truly.
You are truly the only people who can say, with a straight face, that you want to see absolutely no government in the world, or that parents should be able to sell their children, or that law could be perfectly administered through courts that competed for customers like car dealerships. (“You need a court that respects your right for others to pay for your contraception? Come in and get no money down on a brand new 2012 court case!”)
The unbound and unhampered loyalty you have to a Texas congressman who preaches liberty and peace is just simply adorable. You call his son a sellout for not endorsing his father, start riots at state GOP conventions to grab as many delegates for him as possible, and even started a campaign to sue the Republicans for not allowing delegates bound to other candidates to vote for him. Just adorable. You’re like little puppies, yipping and yapping at anyone who gets too close to your candidate, anyone who might might be some big ugly meanie in disguise. It’s cute.
So that’s why, since I’m so in love with you, that I have to take a moment and tell you to stop hurting yourself.
You’re starting to make yourself look foolish. Childish, even. Your inability to accept that Ron Paul will not win the nomination is a sign of being a poor loser, and nobody likes a poor loser. Your other inability to accept compromise with others—such as you demonization Paul’s son Rand—means you won’t have any friends. And for some of you, your inability to take what you can get, rather than singing Queen’s “I Want It All” at the top of your lungs every day, makes you look utterly crazy.