Pop Quiz

Q: Who said this:

Second, the idea that U.S. economic difficulties hinge crucially on our failures in international economic competition somewhat paradoxically makes those difficulties seem easier to solve. The productivity of the average American worker is determined by a complex array of factors, most of them unreachable by any likely government policy. So . . . → Read More: Pop Quiz

Weekly wrap

Some blogs that caught my eye last week. First is The Burning Platform with Edward Gibbon’s five marks of Rome’s decaying culture from his book The Decline and Fall of the Roman Empire:

1. Concern with displaying affluence instead of building wealth. 2. Obsession with sex and perversions of sex. 3. Art becomes freakish . . . → Read More: Weekly Wrap

A Look at Regulation in the Credit Card Industry

The Credit Card Accountability, Responsibility and Disclosure Act, (CARD Act) is now one year old, and the Consumer Financial Protection Bureau released data showing its impact on the credit card industry as it prepares to begin its role as regulator of consumer financial products later this year.

This data showed that credit card late . . . → Read More: A Look at Regulation in the Credit Card Industry

Unhappy Dependence Day

In my childhood and teen years, “going to the mall” meant going to the grand expanse stretching from the United States Capitol building to the Lincoln Memorial, with the Washington Monument in the center, bordered by the Smithsonian Institution’s museums and by federal government buildings along Constitution Avenue on the north, and Independence Avenue . . . → Read More: Unhappy Dependence Day

Hidden Taxes

Douglas French on Chesapeake Bay Candle Co.:

The U.S. plant will employ 100 people, and more than a year ago the company bought a former liquor warehouse outside of Baltimore, thinking they would be open in nine months. But it’s 13 months and counting. Xu and Wang have already spent $1 million more than . . . → Read More: Hidden Taxes

Did J S Mill really claim that violations of free trade have nothing to do with liberty?

‘Again, trade is a social act. Whoever undertakes to sell any description of goods to the public, does what affects the interests of other persons, and of society in general; and thus his conduct, in principle, comes within the jurisdiction of society’ … . The ‘so-called doctrine of Free Trade … rests on grounds . . . → Read More: Did JS Mill really claim that violations of free trade have nothing to do with liberty?

Systemic Uncertainty

Thomas Sowell explains why the recovery is delayed:

That is a big part of the problem. It is not politically possible for either the Federal Reserve or the Obama administration to leave the economy alone and let it recover on its own.

Both are under pressure to “do something.” If one thing doesn’t work, . . . → Read More: Systemic Uncertainty

More on Private Protection of IP

Just to clarify from an earlier post, my stance on protecting IP is that is wrong for the government to do so, but I have no issue if a private business wants to protect its intellectual creation. Furthermore, I am not a piracy positivist. I do not believe that people have a “right” to . . . → Read More: More on Private Protection of IP

SEBI, IRDA and ULIPs: Hurried solutions lead to poor law

On 18th June, the President signed an ordinance that would settle the recent spat between SEBI and IRDA over unit linked insurance plans (”ULIPs”). The ordinance makes it clear that ULIPs cannot be regulated by SEBI and places them within the jurisdiction of IRDA. The ordinance also tries to prevent further disputes by setting . . . → Read More: SEBI, IRDA and ULIPs: Hurried solutions lead to poor law

Less Government?

I’m not sure Leonard Pitts is correct about Bobby Jindal rethinking his belief in less government. What if your next-door-neighbor contracted with a wind energy company to erect a wind generator, and it fell on your property? You’d be angry at the company, but you’d hold your neighbor responsible.

Now, the US Government claims . . . → Read More: Less Government?