Category Archives: Politics

Obama’s Dumbest Critics

How would you have reacted in 2008 if any Republican ran promising to do the following? (1) Codify indefinite detention into law; (2) draw up a secret kill list of people, including American citizens, to assassinate without due process; (3) … Continue reading

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Regulatory Capture in a Venn Diagram

“Regulatory capture” means this: When you want government to regulate a complex system, you need people who know enough to do the regulating. Politicians and bureaucrats don’t know enough, so they hire people from that system to do the regulating. … Continue reading

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The Difference Between Economic Power And Political Power

A simple and memorable way to keep straight the crucial distinction between “economic power” (the power to produce) and “political power” (the power to coerce) is by a terminological duality – “makers” versus takers” – as incorporated in Edmund Contoski’s … Continue reading

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Time Person Of The Year: Protesters. Tea Party Mentions: 3. #Occupy Mentions: 14.

The Protester -Person of the Year 2011- Printout – TIME.

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Elizabeth Warren: Twisting the ‘social contract’

Warren is … a pyromaniac in a field of straw men: She refutes propositions no one asserts. Everyone knows that all striving occurs in a social context, so all attainments are conditioned by their context. This does not, however, entail … Continue reading

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Koch Flouts The Law? False.

… everything Bloomberg wrote about Koch Industries could just as easily have been written about G.E. G.E.’s foreign subsidiaries have done business in Iran, and G.E., like Koch, has publicly noted that its subsidiaries’ dealings with Iran were legal. Likewise, … Continue reading

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The Stupid Things Sarah Palin Says

Clearly, the woman is an idiot. I mean, who could possibly believe this stuff? She made three interlocking points. First, that the United States is now governed by a “permanent political class,” drawn from both parties, that is increasingly cut … Continue reading

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Gary Johnson, the most libertarian candidate ever to seek the US presidency

Gary Johnson’s philosophy is easily summarized. He thinks the state is far too big. He wants to balance the federal budget – not 20 years from now, but immediately – and has identified the requisite spending cuts. He understands that an … Continue reading

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What Obama Inherited

<snark>Obama keeps saying he inherited the war in Iraq, the war in Afghanistan, the bad economic situation, etc., the implication being there’s not much he can do about those things. You know what else he inherited? A triple-A credit rating … Continue reading

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What, *Now* They Want To Read The Bill?

"We’re going to read this document," Rep. Sheila Jackson Lee, D-Texas, said Monday, referring to the debt ceiling agreement reached Sunday night. "We’re going to understand it before we vote for it." Lee, who helped rush the 2,000-page Affordable Care … Continue reading

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