Brandon Vindicated (and Relieved!)

I read a lot of blogs in my spare time, and one of my favorites is the Monkey Cage, a blogging consortium made up of technocratic, internationalist-minded Left-wing political science professors. They rarely disappoint. I know what you’re thinking, but if I could choose which faction of the left I would want opposing libertarian policies it would be the technocratic Left. It a movement that has individual liberty in mind and is, as I mentioned, internationally-minded.

Notice also how I take into account the fact that an opposition to my own views are a necessary component of my utopia. Too many advocates of liberty don’t realize this when they argue about politics. Which factions would play the role of opposition in an anarcho-capitalist paradise, for example? It seems to me that the quality of one’s perfect opposition is actually quite a good gauge for measuring the quality of one’s political ideal (if I do say so myself!).

Anyway, Patrick Egan, of NYU, has a new post up explaining that the economy was indeed the central issue of the election, and then busts out the data to back up his argument (and help me save face!). I think this is an important point because I’ve already made the rounds around the blogosphere and many otherwise smart, competent people seem to want to chalk up Obama’s victory to something other than the economy.

From Egan’s post: Continue reading

From the Comments: Social Conservatives Need to Go

Longtime reader –Rick observes:

The Republicans need to re-brand and delete all social conservative positions from their platform. If the God freaks don’t like it, too bad. Let them stay home, vote Democrat or Republican as they wish. So called conservatives should be concentrating on small government, a strong military, a philosophically principled foreign policy, and a secular judiciary that ignores all religions and judges based on the facts and the rule of law.

Their new platform needs to be more inclusive, particularly with Hispanic concerns, not out of a sense of pragmatics, but if America is to develop an expanded trade relationship with Hispanics, how willing will their governments be to participate with radical xenophobes who treat their southern neighbors with disdain in juxtaposition to the favorite status given to our neighbors to the north?

It’s economics. They need jobs, we need workers and an expanded tax base as well as new trading partners. Let the Xenophobes vote with the KKK as a bloc. Their absence won’t be missed. The Constitution states that all men were created equal – not just U.S. citizens and Canadians.

However, I won’t get my hopes up that the leadership will suddenly turn rational and see the possibility of gaining 2 or 3 new voters for every one bigot they ignore in constructing their philosophical/political planks.

I couldn’t have said it any better myself. The sooner the GOP turns its back on social conservatives, the sooner it can get back to being a national political party again. Be sure to check out –Rick’s blog here.

Obama: Any Silver Lining?

So it’s four more years of Obama.  What can we expect?

Obama makes me, a libertarian these last 40 years, nostalgic for the sort of “liberals” who until recently dominated the Democratic Party.  At least those folks have some respect for facts and tolerance for other points of view.  Obama is different.  I know longer think it an exaggeration to say that Obama hates America, as Rev. Wright preached to him for twenty years.  I have a new understanding of Obama thanks to Dinesh d’Souza’s book “Obama’s America.” Barack Obama had an epiphany at the grave of his father, a man who was a leader among the anti-colonialists of Kenya.  The man was a no-good drunkard who deserted and abused more than one wife and child, yet Barack was able to put aside these faults and hitch his star to his father’s cause. His first term in office gave us numerous actions that exemplify his quest to bring America down.  He likes to stir up class hatred.  His tax proposals are all about fairness, as defined by him, of course, and never mind the ensuing economic damage.  That they punish the most productive among us is all to the good; that they damage all of us in the long run doesn’t matter. He has seized control of health care.  He has acquiesced in a brutal war on medical marijuana patients, waged by his Northern California District Attorney and others.  He has ordered assassination of U.S. citizens and condoned domestic spying.  The CIA continues its massacre of civilians in Pakistan, a supposed ally.  All of this would make a high-class liberal like Adlai Stevenson gasp with horror.

Thank God we still have a Republican House and a Senate where they can filibuster.  Gridlock will probably prevent any new atrocities of the scale of Obamacare.  But the door remains open for a great deal of evil-doing.

First off, there will be at least three Supreme Court appointments in the next four years.  It’s a sure bet that Obama will appoint “social justice” types, the sort who have no concept of the Constitution as a document intended to limit the powers of government.  These are life appointments so the new appointees could be wreaking havoc long after Obama is gone.

Second, the President has a great deal of latitude in foreign affairs. Just look at the damage George Bush inflicted on the world with his senseless wars in terms of casualties, hatred of America, and insolvency.  But there is a ray of hope here.  The warmongering neo-cons are on the sidelines and Obama’s ineptness in foreign affairs may spare us some future dustup that Romney might have provoked.

This isn’t the silver lining I had in mind, however.  I present here, with misgivings, a viewpoint suggested by my colleague Jeff Hummel. He likes Obama’s victory because he thinks it will hasten our Götterdämmerung – the collapse of Social Security and Medicare and default on Federal debt.  Out of the ashes will come a new order in which Social Democracy has been rooted out of the polity, as the paroxysm that was the Civil War put an end to slavery.  This is a viewpoint with which I have a great deal of sympathy while continuing to hope for some sort of “soft landing” instead.

Social Democracy is the idea that individual choices of all sorts must be decided by voting and enforced by the government, the agency of compulsion and coercion as Mises called it.  I wouldn’t contest the proposition that Social Democracy is a cancer on our society that ranks with slavery in its banefulness. I dearly hope that a future upheaval might root it out but I’m not so sure.

I hasten to emphasize that I say “ashes” metaphorically.  We will survive the demise of the Federal government.  The sun will still rise and physical assets will remain in place.  The damage done to the social fabric will be lessened if people see the collapse coming.  That private individuals can and do step in when government collapses was illustrated on a small scale by a recent incident involving the California park system.  A list of parks scheduled for closure was published and it looked like private groups had raised enough money to keep at least some of them open. (Then some bureaucrat found $50 million lying around in the Parks Dept. and the private groups gave up in disgust.)

I confess to being a bit more conservative than Jeff Hummel.  I’m slightly older and may have more to lose as things get worse.  I continue to hope that libertarian ideas will continue to infiltrate the public discourse and that the respect for productive people that is still held by a substantial though declining segment of the population will rein in Obama and his hangers-on.

The End of the Conservative Media? Or Why Brandon Was Right (Sorta)

Conservatives should be familiar with its contours. For years, they’ve been arguing that liberal control of media and academia confers one advantage: Folks on the right can’t help but be familiar with the thinking of liberals, whereas leftists can operate entirely within a liberal cocoon. This analysis was offered to explain why liberal ideas were growing weaker and would be defeated […]

Conservatives were at a disadvantage because Romney supporters like Jennifer Rubin and Hugh Hewitt saw it as their duty to spin constantly for their favored candidate rather than being frank about his strengths and weaknesses. What conservative Washington Post readers got, when they traded in Dave Weigel for Rubin, was a lot more hackery and a lot less informed about the presidential election.

Conservatives were at an information disadvantage because so many right-leaning outlets wasted time on stories the rest of America dismissed as nonsense. WorldNetDaily brought you birtherism.Forbes brought you Kenyan anti-colonialism. National Review obsessed about an imaginary rejection of American exceptionalism, misrepresenting an Obama quote in the process, and Andy McCarthy was interviewed widely about his theory that Obama, aka the Drone Warrior in Chief, allied himself with our Islamist enemies in a “Grand Jihad” against America. Seriously?

Conor Friedersdorf has more here. Do read the whole thing.

I was wrong in my prediction that Romney would win, but only because I hadn’t been paying attention to the most recent jobs reports. Unemployment rates are low enough for Obama to win re-election. So my overall point that the economy trumps everything else is still spot on. Can you imagine Obama winning re-election with unemployment at 8.5%? Me neither.

The GOP could have taken a lesson from Tocqueville’s Democracy in America, though, and realized that while Americans respect wealthy people more than most other societies, such respect hardly ever translates into political success (rich people already boss us around at work, why would we want them bossing us around in the political arena as well?).

And, in case you are wondering, I didn’t vote. If I had, I would have voted for Gary Johnson, “no” to tax increases and “yes” to abolishing the death penalty.

Is the State Responsible for Declines in Violence?

A couple of days ago Dr. Delacroix raised this question. I finally got around to critiquing it here. An excerpt:

We should be looking at what institutions have enabled the nation-state to establish itself, survive, and eventually thrive (at least in western Europe and Japan; the US is a republic, not a nation-state) in the world today.

Do read the rest, and (God forbid!) add your own two cents as well.

Jews and Palestinians: Is the Elusive Peace Close By?

A couple of days ago I came across this fascinating article in the Wall Street Journal. It’s about the expulsion of Jews from Arab lands around the same time as the expulsion of Arabs from the new state of Israel and how the Israelis have finally gotten around to bringing this issue up in negotiations. Among the excerpts:

Within 25 years [of the establishment of Israel], the Arab world lost nearly all its Jewish population. Some faced expulsion, while others suffered such economic and social hardships they had no choice but to go. Others left voluntarily because they longed to settle in Israel. Only about 4,300 Jews remain there today, mostly in Morocco and Tunisia […]

And this:

Many of the Palestinians who fled Israel wound up stranded in refugee camps. Multiple U.N. agencies were created to help them, and billions of dollars in aid flowed their way. The Arab Jews, by contrast, were quietly absorbed by their new homes. “The Arab Jews became phantoms” whose stories were “edited out” of Arab consciousness […]

I think that the Israelis were right to bring these expulsions to the forefront of the debates with the Palestinians. A lot of people on both sides have suffered and it is a good thing that the plight of the Arab world’s Jews is now being highlighted. But now that this historical fact is being highlighted by the Israeli state in its negotiations with the Palestinians, will it do any good for the peace process?

The reaction by one of the Palestinian negotiators is telling: Continue reading

“Gold and Money”

That’s the title of this piece in the Freeman by our very own Dr. Gibson. In it, he suggests:

Let’s turn down the heat a bit and look into some propositions about gold. That should lead us to some reasonable ideas about whether or how gold might return.

Indeed. I’m  tempted to copy and paste the whole thing, but just check it out.

PS I’ve been a very busy man lately, but I’ve got a bunch of almost-finished writings in the works. Stay tuned!

The Rationality of Anti-Antisemitism; The Currency Issue Made Simple

The most interesting thing I have read in years about anti-Semitism is in the Wall Street Journal today. A poll in Europe indicates that 50% of Spaniards have a somewhat unfavorable, or a very unfavorable impression of Jews. The percentage in Germany is 25, in France it’s 20, in the UK, it’s 10. There are large number so Jews in France and in the UK.

What makes Spanish anti-Antisemitism interesting is that there are no Jews to speak off in Spain. All Spanish Jews were expelled from the country in 1492. The bulk of those who did not die in the expulsion went to the Ottoman (Turkish) Empire were they were welcomed by the Sultan. Others scattered around Muslim North Africa and Italy. Until WWII, many Turkish and Balkans Jews spoke 15th century Spanish. I knew a Spanish-speaking Turkish Jew at Stanford in the sixties myself. His last name was Cardona.

Between 1939 and the 1970s, the Fascist regime of Francisco Franco promoted a brand of Catholicism that was unfriendly to Jews, as “Christ killers.” For most of the intervening period the Inquisition promised to make life miserable enough for Jews that they did not come back.

So, here you go: The ultimate judgment on the rationality of anti-Antisemitism: The less the chance that you ever met a Jew, the more likely you dislike Jews. At least, that’s true in Europe. Continue reading

Atlas Shrugged Part II

I got around to seeing the movie this morning along with about ten other folk. I was reminded of why I don’t go to movie theaters: they’re run by sadists who like to torment people with a quarter hour of promos following the advertised starting time, meat-locker temperatures and ear-splitting sound. I didn’t bring my wife knowing she couldn’t have endured the torment but I’ll get the DVD later.

So, what of the movie? Quite good, mostly. The screenplay is faithful to the novel, thanks, no doubt, to David Kelley. The special effects, notably the tunnel disaster and the airplane chase and crash, are powerful. I wasn’t bothered by the change to an all-new cast. Rearden’s trial was done well. The acting, however, is mixed. Rearden is good and the bad guys are good but Dagny, who is really the central character, was a disappointment. She looked almost bored as she piloted her plane toward what increasingly looked like death. Only later did she crank up the intensity.

Just a couple of nits: two men can’t lift a concrete railroad tie. Galt tells Dagny not to move because she’s hurt and then extends a hand to drag her out of the wrecked plane. A few others but nothing substantial, really.

I give it 3.5 stars out of 4, but I’m sure the critics won’t agree. It looks like the movie will follow Part I into oblivion, sad to say. One only hopes that DVD sales will pick up and that it will enjoy the same sort of underground success that the novel enjoyed following its scathing reviews.

Power and Happiness (President Obama in India)

There is widespread confusion around between two ideas that should be easy to separate from each other. I keep bumping into it. I had several lengthy discussions of it with strangers on Facebook. Some were of the left, some of the right. I found it in my morning paper under the pen of no less than columnist David Brooks of the New York Times (“Midwest at Dusk”11/7/1)).

I refer to the confusion between the happiness of a country’s citizens and the country’s standing in the world. David Brooks wrote:

“If America can figure out how to build a decent future for the working-class people in this (mid-Atlantic) region, then the US will remain a predominant power. If it can’t, it won’t.”

Like this.

President Obama’s post- “shellacking” visit to India is a good time to clear the confusion.

It may be that there is some sort of connection between the happiness of a country’s citizens (or some) and being a “predominant power.” It may be but it’s far from obvious. You would have to demonstrate it. It would be hard; casual evidence does not support the idea. Deeper research does not either. Continue reading

Big Horrors, Small Horrors

“Militia” members guided by official Syrian “security” forces massacre civilians in their houses.They use both tanks and knives. About fifty of the civilians – all terrorist opponents of the Assad regime, of course –  are children under ten. The response of nine rich countries including the US is severe: They call in the Syrian ambassadors, Assad’s buddies all, and they tell them severely to pack up and leave. No ifs and buts; teach the child-killers a lesson; the bastards will get the message now! Every one of those countries has an air force capable of destroying all Syrian tanks within three weeks.

Not so long ago, Arabs of all provenances were infiltrating into Iraq though Syria, precisely. They were on their way to kill the American oppressors who had destroyed that great assassin, the mass murderer of Arabs, Saddam Hussein. Where are the Arab volunteers now infiltrating Syria to go and protect Arab children from Assad’s slaughterers? If I were an Arab man from any country today, I would be dying of shame. Or I would consider donning the hijab. Here is a question: If the violent jihadists could do it, enter Syria clandestinely, why can’t you?

I am repeating myself, I know: When Arabs massacre Arabs it’s not so bad, right?

And, by the way, the silence of the Israeli political class regarding the atrocities next door wins Israel no friends I would guess. Continue reading

Language and Informational Prisons: The Case of Arabic

What language you are born into matters. It matters because it’s a means of communication and it matters even more because it’s a kind of soft prison. I regularly turn off the French language media because I become cumulatively irritated at the number of absurd statements I hear coming out of the mouths of presumably university-educated French newsmen and newswomen. There are fewer absurd affirmations in the news in this English-speaking country simply because good information is more abundant in English than it is in French.

We are used to believing that whoever is intelligent is also well informed. The reverse, we know, is not true. There are plenty of people who accumulate information and who are perfect fools. The best way I have heard it put is from an anonymous author played recently on my local radio station (KSCO Santa Cruz 1080 AM): Being aware of the fact that a tomato is a fruit is to be well-informed; to abstain from putting tomatoes in a fruit salad is to be wise!

The assumption that intelligent people are automatically well informed is so general that when we come across someone who is obviously intelligent but ill-informed we study him like an infinitely interesting creature. I have known several people like that in my life. They drove me crazy. One I know now, is smarter than I, I suspect but nearly everything he believes to be true is false. My friend has made a philosophical decision not to have any electronic media in his house. He usually carries a book. Over time, I have come to suspect that he does not read very well, that he is dyslexic (whatever that means) or something like that. In general, we don’t think enough of this rare case: The ignorant intelligent person. Continue reading

Around the Web: Nobel Prize Edition

I just got three of them.

  1. Why we need to separate the central bank from the monetary authority.
  2. “Market Design”
  3. Noble Matching.

Maybe one of our in-house economists can share their thoughts on the award this year as well…

Ron Paul and the American Right

It boils down to foreign policy. President Obama has proved more competent than Bush in this area, but being a more competent beehive whacker does not take a whole hell of a lot of work. Most of Rep. Paul’s domestic policy proposals would have to go through that beautiful, awe-inspiring labyrinth of constitutional checks-and-balances created by the Founding Fathers of this great republic. However, Presidents have much more leeway when it comes to foreign policy. This is something that Ron Paul has talked about checking, but it is also something that could convince independents on the Left to vote for Ron Paul.

Think about it: he would (unfortunately) have a tough time getting some of his domestic policy proposals passed, but as President he commands the military, and he wants to bring our troops home.

My main concern upon writing this little blurb is the Right’s reluctance to embrace Ron Paul’s foreign policy of freedom, commerce, and honest friendship. The following is meant to convince those of you on the Right who would otherwise vote for Ron Paul if it weren’t for his foreign policy views.

The reluctance on the Right to yield to both superior reasoning and common sense on the issue of American foreign policy stems from three basic points: Continue reading

My New Book

Don’t think I’ve mentioned my book on the history of Pasadena-based Charles Pankow Builders, a “design-builder” of many commercial buildings, mostly in LA, SF, and Honolulu, including the MTA tower at Union Station; it is forthcoming from Purdue University Press in January. It combines a study of entrepreneurship and best practices in construction. Check out its page in the Purdue UP catalog.

It’s gotten some good advance praise by industry leaders, as you can see from its Amazon page.

Of closer interest, perhaps, to this group, I also have an essay (Chapter 4: see TOC) on Columbia “money doctor” Carl Shoup’s financial missions to Cuba (in the 1930s) in “The Political Economy of  Transnational Tax Reform: The Shoup Mission to Japan in Historical Context,” forthcoming in March 2013 from Cambridge UP.

I’ve now cracked open Why Nations Fail. . . . Will get back to you as I make progress.