Congress Just Increased Deficits By $4 Trillion, And All I Got Was 2.9% Tax Increase
January 2, 2013
You’ll need a scorecard to keep up with the insanity in Washington this week. The Senate’s been a lost cause for a while, so let’s not even bother with the upper house. Besides, it’s really hard to focus on good fiscal policy while Hooter’s Girls are passing out Bacardi 151 shots, Buffalo wings, and “Welcome 2013” horns in the cloak room. Over in the House, things looked interesting for a while.
How Psychological Biases Make Good Government Unlikely
December 28, 2012
Answer this question on paper without looking up the answer: Q: Which kills more people: guns or diabetes? Here’s what your brain is doing. It’s searching your memory for mentions of the keywords: “guns,” “diabetes,” and “kill.” For most of us, one of the variables—guns or diabetes—carries a significantly heavier emotional weighting than the other. A paid-up-for-life member of the NRA might attach powerful positive emotions to “guns.” The parent of a child who died of complications of diabetes will attach high negative emotions to “diabetes.
Government Planning Is Killing the Economy
December 26, 2012
Friedrich Hayek warned more than half a century ago that central planning doesn’t work. Here’s why: * Central Planners (government) makes a plan * The plan includes specific expectations * The expectations are never, ever, realized * A “crisis” ensues * So the planners demand more control * And create more plans * Ad hoc * Willy nilly * Capriciously * So you must wait for things to settle down to make your decision Today’s Wall Street Journal article about the fiscal cliff demonstrates the futility of central planning:
Here’s What Happens Now That Boehner’s “Plan B” Went Down In Flames
December 21, 2012
Now that Boehner’s “Plan B” strategy has blown up like a poisoned dog, here’s what Boehner will do. Remember this chart from last month? It shows strategic options from John Boehner’s point of view: Yesterday, Boehner tried to land about halfway between the top and bottom quadrant on the left, shown here Now that Plan B has been rejected, Boehner’s choices are limited to these: * Adjourn and hit the fiscal cliff * Cut a deal that will earn most Democrat votes and enough Republican votes to pass
Don’t Expect Boehner To Play The Black Knight
November 12, 2012
The GOP didn’t really have a plan in place in case it lost. It certainly didn’t have a plan for getting snotclobbered. And if you try to spin Tuesday’s results as anything less than a good old-fashioned ass-kicking, you’re deluding yourself. **Republicans Got Creamed ** I know Michelle Malkin found 20 things that went right on election night, but there about 60 million things that went wrong. Let’s take a look: