Under my plan, each American household could borrow $10 million from the Fed at zero interest. The more conservative among us can take that money and buy 10-year Treasury bonds. At the current 2 percent annual interest rate, we can pocket a nice $200,000 a year to live on. The more adventuresome can buy 10-year Greek debt at 21 percent, for an annual income of $2.1 million. Or if Greece is a little too risky for you, go with Portugal, at about 12 percent, or $1.2 million dollars a year. (No sense in getting greedy.)
Saturday, April 14, 2012
Sheila Bair: Fix income inequality with $10 million loans for everyone!
Mark Steyn: Buying ‘Buffett Rule’ makes you a fool
Sometimes societies become too stupid to survive. A nation that takes Barack Obama's current rhetorical flourishes seriously is certainly well advanced along that dismal path. The current federal debt burden works out at about $140,000 per federal taxpayer, and President Obama is proposing to increase both debt and taxes. Are you one of those taxpayers? How much more do you want added to your $140,000 debt burden?
If you confiscate the total wealth of the Forbes 400 richest Americans it comes to $1.5 trillion, which is just a little less than the Obama budget deficit for year.
Holder Meets Sharpton - Andrew C. McCarthy
> With such notches on his belt as Crown Heights and Freddie’s Fashion Mart, there’s not a lot of mystery involved when the Reverend Al starts conjuring “the next level” of “action.” Still, never what you’d call a master of subtlety, Sharpton — between inciting mobs with demands to “arrest Zimmerman now!” — expressly threatened to “occupy” the city of Sanford.
>> The nation’s chief federal law enforcer reacted to these threats of lawlessness with paeans to Sharpton’s besotted history.
Medical Daily: Drinking Alcohol May Significantly Enhance Problem Solving Skills
Scientists found that men who either drank two pints of beer or two glasses of wine before solving brain teasers not only got more questions right, they also were quicker in delivering correct answers, compared to men who answered the questions sober.
Monday, April 09, 2012
Thursday, April 05, 2012
Shelby Steele: The Exploitation of Trayvon Martin
So the idea that Trayvon Martin is today's Emmett Till, as the Rev. Jackson has said, suggests nothing less than a stubborn nostalgia for America's racist past. In that bygone era civil rights leaders and white liberals stood on the highest moral ground. They literally knew themselves—given their genuine longing to see racism overcome—as historically transformative people. If the world resisted them, as it surely did, it only made them larger than life.
It was a time when standing on the side of the good required true selflessness and so it ennobled people. And this chance to ennoble oneself through a courageous moral stand is what so many blacks and white liberals miss today—now that white racism is such a defeated idea. There is a nostalgia for that time when posture alone ennobled. So today even the hint of old-fashioned raw racism excites with its potential for ennoblement.
A Conversation with Peter Thiel
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Read the whole thing.
Wednesday, April 04, 2012
Carbon Emissions Are Good - Robert Zubrin
>> Now let us consider the question of warming: If it is occurring — and I believe it is, based not on disputable temperature measurements but on sea levels, which have risen two inches in two decades — is it a good thing or a bad thing? Answer: It is a very good thing. Global warming would increase the rate of evaporation from the oceans. This would increase rainfall worldwide. In addition, global warming would lengthen the growing season, thereby increasing still further the bounty of both agriculture and nature.
Guerrilla Street Art at the Gas Pump
Tuesday, April 03, 2012
Justice Kennedy's Million Dollar Question - Richard Epstein
The claim of an unbroken historical understanding of the Commerce Clause put forward by Obamacare supporters is nothing more than a myth cooked up for the occasion. But to supporters of the ACA, it is a necessary myth, which they invoke in order to lend legitimacy to their case for the constitutionality of the law. And on this point at least, for all their anger and resentment, they are correct. It is far easier to extend Wickard v. Filburn to the case of supposed inaction if that decision were on all-fours with Gibbons.
But once it is recognized that it these New Deal Commerce Clause decisions represent a conscious and violent departure from the pre-1937 precedents, we can fairly ask whether it makes sense to take a manifestly wrong decision one step further. The original constitutional balance is far wiser than the souped-up version whose chief contribution to the welfare of the nation was to legitimate the national agricultural cartels that the states could never form acting alone.
A Narrow Escape For Taxpayers
The collapse of the “green” energy industry continued today, as Solar Trust of America LLC filed for bankruptcy. Solar Trust was, it claimed, carrying out the world’s largest solar energy project in California.
Skepticism in science rises — Glenn Harlan Reynolds
In fact, the very core of the scientific method is supposed to be skepticism. We accept arguments not because they come from people in authority but because they can be proven correct — in independent experiments by independent experimenters. If you make a claim that can’t be proven false in an independent experiment, you’re not really making a scientific claim at all.
And saying, “trust us,” while denouncing skeptics as — horror of horrors — “skeptics” doesn’t count as science, either, even if it comes from someone with a doctorate and a lab coat.
Sunday, April 01, 2012
Peggy Noonan: Not-So-Smooth Operator
Faced with the blowback, the president offered a so-called accommodation that even its supporters recognized as devious. Not ill-advised, devious. Then his operatives flooded the airwaves with dishonest—not wrongheaded, dishonest—charges that those who defend the church's religious liberties are trying to take away your contraceptives.
Wednesday, March 28, 2012
Spike Lee retweets wrong address
Hey, if these two didn’t want to be intimidated and terrorized by an angry movie director and his online followers, they should’ve thought about that before they moved into the house where, 10 years later, somebody would think Zimmerman lived.
If you’re against vigilantes taking matters into their own hands, except when it comes to dealing with George Zimmerman, #YouMightBeALiberal.
Monday, March 26, 2012
George Will on The Inexorable March of Creative Destruction
Today's primary political and cultural conflict is, Postrel says, between people, mislabeled "progressives," who crave social stasis, and those, paradoxically called conservatives, who welcome the perpetual churning of society by dynamism.
Sunday, March 25, 2012
Obamacare: The reckoning - Charles Krauthammer
Rarely has one law so exemplified the worst of the Leviathan state — grotesque cost, questionable constitutionality and arbitrary bureaucratic coerciveness.
Saturday, March 24, 2012
The Reagan in Romney - Larry Kudlow
>> Pause a moment on the idea of rewarding the dreamers. This is a crucial difference with Obama, who wants to penalize the dreamers. Make a bunch of money and you’re gonna pay higher tax rates. It’s the class-warfare 1 percent versus the 99 percent. Tax the rich. Redistribute.
Saturday, March 17, 2012
Obama’s whopper about Rutherford B. Hayes and the telephone
Rutherford B. Hayes is calling
May 10, 1877:
Hayes has first phone installed in White House
On this day in 1877, President Rutherford B. Hayes has the White House's first telephone installed in the mansion's telegraph room. President Hayes embraced the new technology, though he rarely received phone calls. In fact, the Treasury Department possessed the only other direct phone line to the White House at that time.