Apparently President Obama remarked on education yesterday. For decades, Washington has been trapped in the same stale debates that have paralyzed progress and perpetuated our educational decline. Obviously Washington hasn’t been involved enough in education, so he proposes more interference. The specific policy proposals are not horrible, except for the increased Federal interference in a […]
Was watching a clip on The NewsHour of President Obama’s gathering in Florida today, and was struck by how like an evangelist he was. It doesn’t come across so much in the words, below, but in the mannerisms. HENRIETTA HUGHES: The housing authority has two years’ waiting lists. And we need something more than the […]
I recognized the tone of President Obama’s voice at the beginning of the press conference last night. Katie Couric called it “stern.” That’s a polite way to put it. It was the tone of voice I use when I mean to imply that the rest of y’all are a bunch of [expletive] idiots. Let me […]
As a young man with few dollars, I used to spend some time admiring the engraving on those few I had. I’ve long been struck by the phrase printed on Federal Reserve Notes: “This note is legal tender for all debts, public and private.” It is somewhat odd that some think dollars, or other currency, […]
The bank just sent a summary statement of the escrow account we use to pay the local and school property taxes. One achieves a certain distance from the taxation by letting someone else manage it for you. It was a big number, but not as big as the amounts I’m paying in other taxes. If […]
The third rail on electric railways carries the electrical current. Touching the rail will cause death. By extension, a number of topics in politics have been characterized as the third rail, in that they will cause an immediate political demise. Domestically, one of these subjects is Social Security, a program from which so many people […]
I’ve seen several references to this time between the election and the inauguration as an interregnum, and many writers expressing concern that President Bush is still, well, the President until January 20th. The thing is, we don’t have an interregnum because President Bush is still the President. And regardless of one’s wishes, he remains the […]
H. W. Brands, in his biography of F.D.R., Traitor to His Class: The Privileged Life and Radical Presidency of Franklin Delano Roosevelt, writes, Many of the progressives, judging themselves lovers of peace, had assumed that they would be the wrong sorts of people to run a war. …. But to their surprise, and in some […]
I think my major problem with Mosler’s theories is that there are two sets of rules. The second set only applies to the the issuer of the fiat currency. It is not applicable to, for example, New York State, or Dutchess County, or the Town of Beekman, or the Arlington Central School District. Because money […]
For such a smart fellow, you’d think that Matthew Yglesias would not regurgitate the standard economic history of the Great Depression drummed into all of us by five or six paragraphs in our high school history textbooks. The portrayal of Hoover as an advocate of laissez faire economic policy is wrong, but repeated often enough […]
My daughters got into an interesting discussion on the way back from their religious education classes. The Little Sister was upset that one of her friends does not care about the President. The Big Sister suggested that maybe the friend does not care for the President.
The graphic artists at The New York Times, CNN, and pretty much every other outlet providing maps of the election results need to be provided with more than a pair of red and blue crayons. Maybe they should use pastels instead; they blend better. This map, for example, allows interesting comparisons with past elections — […]
Sandy Levinson, who finds it a horror that our defective Constitution allows the out-going President to stay in office past the election, would not take comfort in this report from the Mercatus Center on Midnight Regulations. The paper shows that, going back to 1948, when the White House switches parties, the number of pages in […]
We TiVo’d the last debate, and watched it again just now. Others have summarized it much more pithily, or eviscerated the candidates with more gusto, but I’d like to offer a small observation, a small suggestion in hind-sight that perhaps would have moved some voters from column A to column B. When discussing a Constitutional […]
Politics makes for strange bedfellows, they say, and the Republican primary in New York’s 99th assembly district is a case in point. The incumbent, Greg Ball, pissed off nearly everybody in Albany, infuriated the Putnam County executive (a Republican), and generally showed no willingness to go along to get along. He was challenged for the […]
Were criminal charges brought against William Ayers? Was he found guilty? Did he serve his time? If not, why not? Meanwhile, apparently living in the same neighborhood and attending the same coffee klatch is enough to tar one as a fellow traveler. I would find this in-fighting among former Marxists amusing if there weren’t so […]
Housing is affordable if the price is low enough for one to afford it. How does inflating the prices through increasing leverage make them more affordable?
The key word there is faith.
There is a propensity for politicians, and in truth all of us, to act hastily when the times call rather for patience and calm. Sen. Charles Schumer (D-NY), in discussing the Senate’s approval of a bill permitting the Treasury to buy worthless mortgage-backed securities, remarked, “It’s better than doing nothing.” Not if “nothing” is the […]
The newspaper says there’s a problem, but is there really? via Tom Palmer, David Cay Johnston wonders the same thing. In a letter to his fellow journalists, he writes, In covering the proposed $700 billion bailout of Wall Street don’t repeat the failed lapdog practices that so damaged our reputations in the rush to war […]