Category Archives: Politics

Milton Friedman’s 98th Birthday

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Tweet Milton Friedman was born July 31, 1912. He died in 2006. This brief excerpt from a speech given decades ago is eerily apposite. It also is pure Hayek. There’s not a thought in this clip that isn’t almost word for word from Hayek.


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Hayek in Brief

Tweet Frederich Hayek (1899-1992) was one of the most profound and influential thinkers of the 20th century. His most famous book is The Road to Serfdom, which though first published in 1944, is currently the #1 bestseller at Amazon.com. That this book is so widely read and so widely ignored by the leaders of the…


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Terrorism and Healthcare Reform

Tweet The recent attempt to blow up a US airplane as it was about to land in Detroit may not seem to have much connection to healthcare reform, but on reflection the relationship is proximate and interesting.  The would be underwear bomber was known to the federal bureaucrats charged with protecting us from what is…


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Draft of House Health Insurance Bill

Tweet If you are addicted to punishment you might want to page through the draft of the House’s health insurance bill. Not only have most congressmen not read it, they would have to understand bureaucratease – the language in which the bill is written. This is the June 19th version and comes in at a…


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Follow-up

Tweet Recently I posted an article I wrote in 1997 – We Lose Money on Every Car We Sell But Make It Up In Volume or The Accountant Ascendant. In it I mentioned that a study (published in 1996) concluded that the CPI was underestimating the true degree of inflation by 1.1%. Now another report…


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We Lose Money on Every Car We Sell But Make It Up In Volume or The Accountant Ascendant

Tweet I was flabbergasted when I reread the following piece originally published in 1997. It outlines our current economic plan. I had no idea that our future president read Lubbock Magazine 12 years ago. But don’t impute any bitterness to my remarks. I’m perfectly willing to let him take all the credit for the plan…


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Why Politicians Lie

Tweet Human nature being what it is, all men prefer a false promise to a flat refusal. At the worst the man to whom you have lied may be angry. That risk, if you make a promise, is uncertain and delayed, and it affects only a few. But if you refuse [to promise aid or…


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Off With Their Thumbs

Tweet I propose that the top 2% of earners in the US have their left thumbs amputated under the direction of the Department of Health and Human Services. Of course, this would be done under the proper medical supervision and with all necessary anesthesia and post-operative analgesia. We are a humane country. Left handers would…


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Adam Smith and the Current Economic Crisis

Tweet The following two quotations from Smith’s Wealth of Nations (1776) speak to our current economic malaise with magisterial prescience. They could be summarized as (1) nobody hates capitalism more than capitalists and (2) think carefully before you make a law to benefit a private enterprise. Asking the legislature to think under any condition is…


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Everybody Dies

Tweet The current economic crisis has elicited numerous responses declaring that we’ve been through worse and that we’ll get through this. Warren Buffet’s version of this combined caution and succor is this: Amid this bad news, however, never forget that our country has faced far worse travails in the past. In the 20th Century alone,…


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