The Good Society: The Humane Agenda, by John Galbraith
John Kenneth Galbraith has been writing about economics for over fifty years, with considerable elegance but with little grasp of sound theory.
John Kenneth Galbraith has been writing about economics for over fifty years, with considerable elegance but with little grasp of sound theory.
Clint Bolick, it appears, does not suffer from the vice of false modesty. Mr. Bolick attracted considerable attention owing to his opposition to Lani Guiniers nomination as Assistant Attorney General for Civil Rights;
Government bureaucrats look out for their own kind. Entrepreneur John Shanahan, the man behind "Hooked on Phonics," found that out the hard way when he developed a program that taught his son how to read after the California public schools could not.
Well, the Nissan Motor Corporation just proved that it can be every bit as shortsighted as any American company by giving $150,000 to the National Association for the Advancement of Colored People. According to the new NAACP president, ex-Congressman Kweisi Mfume, the money will be used for "voter registration and education," presumably to elect more left-wing ideologues like himself.
Should free enterprise stop at the border? Of course not, and the attempt to make it so can drive us to ruin. Yet politicians are hammering free trade. Long-refuted myths are back in full force, and the voters are getting a miseducation in the economics of autarky.
During the "shutdown" of the federal government, bureaucrats were divided between "essential" and "non-essential." The designation caused enormous turmoil within agencies. People with lifetime jobs and gigantic pensions were deemed nonessential, while those holding short-term, highly paid, political positions—so-called Schedule C employees—were deemed "essential" and showed up for work every day.
We're no fans of the Federal Emergency Management Agency (FEMA), and now they know it. After Hurricane Opal caused substantial damage here in Auburn, Lew Rockwell wrote a piece for the Los Angeles Times arguing that we'd be better off without post-disaster federal aid. Why should California taxpayers be penalized for our misfortune? he asked. He also had choice words for FEMA bureaucrats who use natural disasters to enhance federal control.
So the phone rang, and it was Morry Goodman of FEMA.
Since October 1993, we have lived through the biggest buying spree of firearms in the history of the U.S. It began just before the passage of the Brady Bill and has yet to die down. And the boom in sales will continue so long as members of the governing elites are infatuated with the prospect of gun bans.
The lesson for everyone else is to be skeptical when the government claims it has a central plan to bring prosperity and joy to an entire hemisphere, and all we have to give up is money, power, and freedom.