Can we fix trade imbalances by enacting punitive tariffs against companies and countries? These are excerpts from a conversation on Citizen Tom’s blog. My counterpart here is not a bad person, but I certainly disagree that tariffs are the answer to trade imbalances, and I said so… […]
Thomas Jefferson has been something of a controversial figure in the founding of the United States, giving rise to mixed opinions. Even mine. He was wise, even prescient, in many of his writings. But he was also intensely political, and given to rather underhanded tactics in dealing with his political enemies. On balance, I still give him high marks, while aware of the deficits. But speaking of deficits… […]
One very desirable benefit of the FairTax system — and not part of any “flat tax” — is anonymity. No government agency needs to be aware of your income, your transactions, or your assets. […]
And finally, on wealth:
Does [a] man have the right to purse happiness through amassing his own wealth with no care for those less fortunate?
Some random thoughts on free enterprise, expanded from a comment to yesterday’s post.
Does free enterprise, usually called “capitalism” because of Karl Marx’s influence, depend upon greed? No, in fact. The expression “it depends heavily on greed” is counterfactual in my opinion. Consider:
When examining the track record of a nearly-insane mooching thief/convicted criminal/former Democrat staffer under Jimmy Carter advocating the murder of Republicans and conservatives, I encountered this quote:
Excepts from a discussion at Citizen Tom’s blog:
Keith, let me ask, are you not concerned with the extreme viewpoint of the free market turning tyrannical?
No. Well, let me look carefully at your statement. Yes, I’m concerned about people that would hold such an “extreme viewpoint.” But I am not concerned about […]
@Pete, who wrote: “at the same time, [Adam Smith] saw the need of government as an interventionary force to prevent excesses that worked against the general public interest” In the material you quoted, and elsewhere, he argued strenuously against exactly this. It is precisely such government interference, “[t]he proposal of any new law or regulation of commerce,” that he warned required “great caution” because of the involvement of crony capitalism. […]
Charles Krauthammer has written favorably of adding more taxes to the cost of gasoline:
For 32 years I’ve been advocating a major tax on petroleum. I’ve got as much chance this time around as did Don Quixote with windmills. But I shall tilt my lance once more.
NB: 32 years ago, Dr. Krauthammer was […]
Do presidents really have an effect on the US economy? That question was put to me. Here’s my reply. The Clinton era was an utter and complete financial disaster — to the point where Republicans won the midterms in a landslide, and were able to force through tax reductions and other Federal constraints. […]