Category Archives: Regulation

The Uncertainty Chant

Barack Obama, Business, Debt, Economy, Inflation, Regulation, Taxation

In “You Can’t Fix Stupid,” I counted the ways of Barack Obama’s stupidity, as far as the natural laws of economics go. Today he did me one better, claiming that “uncertainty over the debt ceiling has hindered hiring in the private sector.” The horrible jobs reports, in other words, were a function of market fears that the US would halt the borrowing and bankruptcy trends. That’s certainly novel. Let’s not forget that Republicans feed this folly by advancing, as a counterargument, the same tack: we have no certainty in capital and other markets, therefor no one will hire.

Nonsense on stilts: There is ample certainly; certainly about economic gloom-and-doom to come. Given the indicators in the US—OPD (Outstanding Public Debt) almost equaling GDP (Gross Domestic Product), the first is growing faster than the second—businesses have to become as lean as possible.

The uncertainty mantra is a mindless one. There is plenty of certainty: certainty about a dark future. A business that is to survive needs to streamline and become super efficient. It has to hunker down and stay in survival mode. So should you.

TSA Goons To Burrow In Your Bone Marrow

Constitution, Government, Homeland Security, Individual Rights, Private Property, Regulation, States' Rights, Technology, Terrorism

How do TSA tormentors consolidate more control over American travelers? They escalate the security threat. It was a matter of time before the home-grown terrorists of the Transportation Security Administration found a ruse to move from using technology that scans the surface of their victims’ bodies to technology that exposes our internal organs by means of medical X-rays.

The ALLEGED reason for rogering and radiating a pathetically pliant American population deeper and more vigorously? Nothing very concrete is needed. A “2005 incident in which Colombian men were accused of surgically implanting narcotics into human couriers.” Yes, the TSA has simply floated a rumor, based on a 2005 memo it has dressed up to appeal to all news outlets, and these outfits have reported it as fact:

Reports of al Qaeda preparing so-called “belly bombs” designed to be surgically implanted in potential terrorists before they board airplanes have already led to increased scrutiny for anyone traveling to the U.S. who appears to have had recent surgery, U.S. officials said.
The Department of Homeland Security recently issued a bulletin warning of renewed interested in the tactic — suspected to be the latest innovation from infamous alleged bomb maker Ibrahim Asiri. According to U.S. officials, a would-be attacker would slip through airport security, board a plane and detonate the bomb using a chemical-filled syringe. …”With proper skill, a surgeon could indeed package a bomb or explosive device [and] it could be implanted inside the abdominal cavity,” he told ABC News. Melrose said that if placed properly, a bomb the size of a grapefruit may not even cause the patient discomfort.

This is the dynamic behind the subjugation at the airports.

And why not? Tea-Party “freshmen” are getting stale. They’ve been doing nothing much about the assaults on citizens who travel by air. Why should they? Sure, there was a bit of a commotion, late last month, over the obviously necessary humiliation of a 95-year-old, gravely ill woman, whose adult diapers TSA trash removed in the course of a securing the nation’s flying public. The protests amounted to meek requests for a TSA apology, no more. None was forthcoming.

Tea party representative have forgotten the little people—with the exception of Rep. Ron Paul (R-Tex.), who penned an op-ed in The Hill, today, 07/05/11:

The requirement that Americans be forced to undergo this appalling treatment simply for the “privilege” of traveling in their own country reveals much about how the federal government feels about our liberties. The unfortunate fact that we put up with this does not speak well for our willingness to stand up to an abusive government.
Many Americans continue to fool themselves into accepting TSA abuse by saying, “I don’t mind giving up my freedoms for security.” In fact, they are giving up their liberties and not receiving security in return. Last week, for example, just days after an elderly cancer victim was forced to submit to a cruel and pointless TSA search, including removal of an adult diaper, a Nigerian immigrant somehow managed stroll through TSA security checks and board a flight from New York to LA — with a stolen, expired boarding pass and an out-of-date student ID as his sole identification! He was detained and questioned, only to be released to do it again 5 days later! We should not be surprised to find government ineptitude and indifference at the TSA.
At the time the TSA was being created I strongly opposed federalization of airline security. As I wrote in an article back in 2001:
“Congress should be privatizing rather than nationalizing airport security.

Ditto. The same argument was made in “WHOSE PROPERTY IS IT ANYWAY?,” on June 5, 2002.

The Israel-Kinect Connection

Business, Economy, Education, Family, Free Markets, Human Accomplishment, Israel, Media, Regulation, Science, Socialism, Technology

Who do you think invented Microsoft’s “Kinect,” which is in the Guinness Book of Records as the “Fastest-Selling Consumer Electronics Device” ever? Microsoft would like to claim the credit, but it belongs to an Israeli outfit called PrimeSense.

It’s my guess—and CNN’s Zombie Zakaria might wish to investigate this—that, overall, those who invent these silly contraptions are not necessarily the same sort of people who use them obsessively. (I recently watched a boy bob up-and-down and sideways like an automaton for over an hour in front of the Kinect. Back in the day, my own, now-grown girl would have been building Lego, painting, reading, or “inventing” creative games in the yard.)

Yes, the fogies of “60 Minutes” are obsessed with kids; errant American adults cater to, and worship, but never guide, their kids. The outcome of deification without direction is that the current crop of fattened little Buddhas is not that great.

Truth be told, the hybrid, hi-tech workforce—comprised as it is of local and outsourced talent—is manned, generally, by terribly smart, much older people with advanced engineering degrees. (That’s too much like hard work which is hardly “fun.”) The truth is that the people designing gadgets for America’s (face it, dumb) kids are older and highly educated. Some are Americans; others are Asians (South more than East, but both) and Israelis. The hi-tech endeavor is thus all about the older generation—veteran techies—uniting to supply their young, twittering twits with the playthings that keep their brainwaves from flatlining.

Back to the point: Some of my readers refer to Israel’s economy as a socialistic one, a fact that could reflect a general media bias (against Israel, not socialism). Although Israel’s economy is by no means unfettered, it is not much different from Western Europe’s Third-Way, mixed economies, with a respectable per capita GDP. Warren Buffett has invested billions in Israel’s private sector, with good returns. The country’s high-tech industry has certainly been on the cutting edge for sometime.

Significant is the trend. And it is unmistakable: “Emerging markets,” as Israel is, are becoming freer, whereas America is becoming less free. The devil is in this detail.

I am affiliated with the Jerusalem Institute for Market Studies. Those who’re interested in tracking the effort to liberalize Israel’s economy will get a good idea by following JIMS’ remarkable work out of Jerusalem.

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For a third day in a row, my book, Into The Cannibal’s Pot, is Amazon’s #1 in the category on Social Policy. The Publisher (link here) is not charging for shipping. This is valuable for our South African readers. Kindle will be up by, I am told by the best man possible, early this week, probably tomorrow.

The Father Or The Son?

Government, Healthcare, Individual Rights, libertarianism, Natural Law, Political Philosophy, Regulation, Republicans, Ron Paul, Socialism

Ron Paul is the elder statesman, Rand Paul is scrappy and fit for a fight. And you do know that breaking free from the moochers and the looters, if at all possible, is going to necessitate a fight. I used to wonder about Rand’s deadpan delivery. But a poker face is just what the doctor ordered together with those revolutionary statements.

“SEN. RAND PAUL (R-KY): ‘With regard to the idea of whether you have a right to health care, you have realize what that implies. It’s not an abstraction. I’m a physician. That means you have a right to come to my house and conscript me. It means you believe in slavery.'” (RealClearPolitics)

Read the entire statement; it’s beautifully put.

To libertarians what Rand Paul said is real clear. We often describe the fabricated (positive) right to health care as a right to conscript doctors in the service of humanity. For what else does it mean? (“Protesters for a public plan have the right to seek out a doctor and pay him for his services; they have no claim to the products of his labor, and no right to enlist the State to compel third parties to pay for those products.”) But to hear a man who sits in the ossified Senate echo the natural law is just wonderful.

The other day, Rand Paul was quizzed about the absence of entitlement reform in his five-year budget plan. Without flinching, Rand replied that he chose to do away with whole departments, instead.