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Sunday, 30 January, 2005 |
Well, its bed time (0330 Q). Just finished a very eclectic search for editorials and commentary. I don't agree with all of it (citing NY Times does make my skin crawl), but it should make for an interesting read. Have a great day of rest.
3:35:38 AM 
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Vin Suprynowicz, a nationally syndicated Libertarian columnist and author, explores questions on constitutional freedoms in his Sunday column.
Note: Las Vegas Review Journal is very late when posting its Sunday editorials. However if you haven't read Vin, don't miss this opportunity.
3:31:14 AM
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Tony Blair met me in the cabinet room and ushered me through the french windows into the garden of No 10. “It’ll be quieter here,” he said.
The prime minister had agreed to see me to talk about Margaret Thatcher. What surprised me was the extent to which he was prepared to acknowledge her strengths, and to make it clear that he wanted to emulate her.
3:26:54 AM
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LONDON There are few more pressing needs for development than making trade policy deliver increased and tangible benefits. While trade alone cannot bring lasting relief from poverty, without a coherent effort to integrate into the global economy poor nations have little chance of long-term advancement.
3:20:34 AM
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Three years ago, President George W. Bush created the Millennium Challenge Account to give more money to poor countries that are committed to policies promoting development. Bush said his government would donate billions in incremental stages until the program got to a high of $5 billion a year starting in 2006. While $5 billion is just 0.04 percent of America's national income, Bush touted the proposal as proof that he cares about poverty in Africa and elsewhere. "I carry this commitment in my soul," the president said.
3:19:01 AM
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Cervantes wrote in Don Quixote that all comparisons are odious - and indeed they are. It is a pity, for instance, that attitudes in Northern Ireland towards the Middle East tend, almost exclusively, to mirror the Orange-Green divide. Unionists support Israel and nationalists sympathise with the Palestinians, OK?
3:09:52 AM
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Year's end is the time for big thoughts, so here are mine. The most significant socio-political shift in our time has gone almost completely unremarked, and even unnoticed. It is the dramatic shift of the red-state bourgeoisie from leave-us-alone libertarianism, manifested in the Congressional elections of 1994, to almost totalitarian statist nationalism. Whereas the conservative middle class once cheered the circumscribing of the federal government, it now celebrates power and adores the central state, particularly its military wing.
3:01:24 AM
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Some years ago my guest on Firing Line was General Vernon Walters. He was a phenomenon who had had phenomenal experiences, among them interpreting for four different presidents in four different languages, and serving briefly as director of the Central Intelligence Agency. He remarked, in passing, that no democratic government had ever initiated national aggression.
2:54:59 AM
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Moral hazard exists when government policy creates incentives that make bad behavior rational. One example is the policy of bailing out countries whose reckless spending policies are encouraged by banks' reckless lending. Another example is a PBGC that assumes substantial responsibility for pension promises that companies have found convenient to make.
2:51:30 AM
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Here we are, on a university campus no less, talking about capitalism largely ignorant of what that term denotes or means. And for good reason, I suspect. It serves a particular interest to caricature something folks are opposed to in order to make debate a little easier. You package, as it were, one thing with another, not wholly related, thing and, by virtue of association, conclude that it must be shoddy.
2:50:07 AM
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In 10 short articles, there's no way to even scratch the surface of economic knowledge. I'll simply end the series with a discussion of a few popular sentiments that have high emotional worth but make little economic sense. I use some of these sentiments as a teaching device in my undergraduate classes.
2:48:21 AM
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Losing a job means a financial crunch and readjustment regardless of the source of job loss. If it's not from an economic downturn, the loss might be a result of outsourcing, but much more likely, it's a result of technological innovation. Job destruction and job creation through natural market forces are enriching. Calling for Congress to save or create jobs is to court disaster.
2:46:54 AM
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While America should support the growth of freedom across the world, President Bush was dead wrong when he said, in his inaugural address, that "the survival of liberty in our land increasingly depends on the success of liberty in other lands".
2:45:39 AM
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The U.S. pharmaceutical industry spends $22 billion a year on research and development of new drugs. Unlike government-funded research - which can be spent to development drugs that no one needs or that duplicate existing drugs -pharmaceutical companies must get results. In order to recover their investment, their new drugs actually have to work. The continuing flow of new drugs that these firms produce is the best hope we have to treat and cure our ailments.
2:36:36 AM
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Regulating Blind
Government regulation is like a graveyard spiral: you know something is dreadfully wrong, but unless you understand the signals, there is no way out. Regulation blinds an economy to signals comparable to an airplane's pitch and bank, signals that would let producers and consumers adjust their activities in response to their desires and available resources.
2:34:55 AM
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By Michael F. Cannon
The last thing patients need is for the government to inject more socialism into their health care in the name of expanding coverage. To borrow a phrase from President Reagan, government is not the solution to U.S. health care problems. It is the problem.
2:32:49 AM
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