The Opportunity Cost of Political Correctness

Political correctness is the hottest topic of the season, but few pause to ponder its costs. Exposing the idiocy of political correctness manifested by the venom of cancel culture offers short-term enjoyment without bestowing intellectual insight. Readers may celebrate the trenchant critiques of identity politics penned by James Lindsay and other thinkers, and yet fail to recognize that if political correctness had not succeeded in infesting powerful institutions astute thinkers would be compelled to produce illuminating works relevant to their academic interests.

The Makings of a Fed Chair

The speculation of whether Biden will reappoint Powell has been gaining media attention, as Powell’s term expires in February of next year. A few peculiarities stand out, as reported by the New York Times when they asked:

Should he reappoint Jerome Powell to lead the Federal Reserve when Mr. Powell’s term ends early next year, or select a replacement who is more fully aligned with the Democratic policy agenda?

But what about Fed independence?

Rational Markets, Irrational Politics

“Government is that great fiction, through which everybody seeks to live at the expense of everyone else.”

~ Frederic Bastiat

If everyone was irrational all of the time we would be in big trouble. You’d never know when someone was suddenly going to swerve off the road for no apparent reason and drive into a building, or start babbling to you in tongues over the phone when all you wanted to do was order a pizza.

The Paradox of Anti-Utilitarianism

Most libertarians reject the utilitarianism as a moral philosophy because it would seem to grant people the right to initiate force upon one another (via the state) so long as the cause is thought to promote happiness.1 The paradox is that, while a free society does not aim at the maximization of happiness, only in a free society is the maximization of happiness p

Debunking Biden’s Claim We Must “Protect the Vaccinated from the Unvaccinated”

The official line on vaccines is that they are extremely effective at protecting against serious illness. And yet these same people are also claiming that the unvaccinated are a major threat to the vaccinated.

More specifically, President Biden claimed on September 10 that vaccine mandates were to “protect the vaccinated workers from unvaccinated workers.”