April 19, 2016 at 9:14 am
Bernie Sanders is attacking Hillary Clinton for the fact that Alice Walton is supporting Mrs. Clinton's campaign. But if you aren't a socialist, that news may be encouraging rather than terrifying. The situation is the topic of my column this week; please check it out at the New York Sun (here), Reason (here), and Newsmax (here).
In response to the column, a community member sent this note:
April 18, 2016 at 9:30 pm
The news that a New York man has been arrested and charged with bribery and conspiracy to commit bribery in connection with obtaining handgun permits from the New York Police Department is yet another reminder that unreasonably strict regulation is an invitation to corruption. If it didn't take months of waiting, hundreds of dollars in fees, and an extensive application to exercise one's Second Amendment right to bear arms in New York City, there'd be no need to bribe anyone. The more complex the regulation, the more likely it is that the market will find a way to circumvent it through illegality. That doesn't excuse lawbreaking, but it is an argument — not the only argument, but one argument — for keeping regulations simple and minimal.
April 18, 2016 at 9:21 am
"Uber for MBAs is a worrying sign for knowledge workers," is the headline the Boston Globe hangs over an article about Hourly Nerd, a young and growing Boston-based company that is a platform on which businesses and consultants can connect. It's a classic newspaper frame to make the headline about anxiety — "worrying" — rather than about the opportunity. It's only "worrying" for those who value the status quo more than the flexibility and independence offered by this new entrant, which may even expand the market by making high-quality consulting available to small and medium-sized business rather than just large corporations.
April 17, 2016 at 11:59 pm
The dean of Harvard Medical School, Jeffrey Flier, has an interesting piece in the Boston Globe about drug prices. He writes:
April 15, 2016 at 9:25 am
Joe Rosenberg has a gem of a short piece in the Wall Street Journal speaking out against Bernie Sanders and making some important points, among them: "We elders, immigrants and native-born alike, have failed to teach our children and grandchildren about the economic history and false promises of the myriad forms of socialism that infest our world."
He writes: "My Wall Street is the real Wall Street—not the imaginary one that Bernie Sanders demonizes daily. My Wall Street is a place filled with opportunities to succeed, even for an immigrant like me without any connections or relatives in the business."
It's great to see a capitalist publicly defend capitalism.
April 14, 2016 at 11:59 am
Barbara Anderson, who may have been the most consequential woman in the history of Massachusetts, is the topic of my column this week. Please check the column out at the New Boston Post (here), the New York Sun (here), Reason (here), and Newsmax (here). It's a pretty inspiring tale.
April 8, 2016 at 4:54 pm
Toward the end of a front-page New York Times news article about Republican donors "learning to love" presidential candidate Ted Cruz, this passage appears:
April 6, 2016 at 4:04 pm
Not even the U.S. Government's own Internal Revenue Service is accepting the proposition that Federal Reserve notes are legal tender for the payment of all debts. If you want to pay your federal tax bill in cash, you can't pay more than $1,000 a day, and the government charges taxpayers an extra $3.99 for each cash payment. The IRS recently issued a reminder on this front. At a gas station, sometimes you get a discount for paying with cash. Leave it to the IRS to find a way to charge extra to taxpayers for doing something that earns a discount in the private sector.
April 5, 2016 at 1:12 pm
Somehow I missed this last month, but it's worth passing along even a couple of weeks late. From Bloomberg News:
April 5, 2016 at 12:08 pm
(And public sector unions finally find a Republican they like, and Republicans finally find some government employees they want more of). The New York Times has a pretty amusing editorial about the decision by the union representing 16,500 federal border patrol agents to endorse presidential candidate Donald Trump.
Not to belittle the issues involved, just to notice some of the ironies.
April 5, 2016 at 11:59 am
President Obama is promising a full-court press to get Congress to confirm Merrick Garland to the Supreme Court. There's no parallel presidential public relations effort to get Congress to authorize the use of force against the genocidal terrorists of the Islamic State. The situation is the topic of my column this week. Please check the column out at the New York Sun (here) and Newsmax (here).
April 4, 2016 at 10:23 am
Paul Krugman, in his current incarnation as New York Times op-ed page columnist, isn't someone I often agree with. But he makes a good point in today's column about how regulation hurts the poor:
March 31, 2016 at 1:30 pm
A dispatch from Shanghai in the New York Times gives an amazing glimpse into the workings of General Motors, the automaker that received a multi-billion-dollar bailout from taxpayers. The Times reports from a billion-dollar GM factory in China that appears to be staffed mainly by robots:
The cars made by robots in China will be shipped to America for sale to American customers, the Times reports.
March 31, 2016 at 1:22 pm
The Republican Congress and President Obama teamed up on a new law that allows the U.S. government to revoke the passports of people who owe back taxes, Bloomberg News reports:
March 31, 2016 at 1:06 pm
The Harvard Crimson has published, as a "special report," an admiring profile of Soviet dupe John Reed. The article concludes with a discussion of how the presidential campaign of Bernie Sanders has made socialism fashionable on campus:
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