Category: free trade & free markets

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folly free trade & free markets general freedom ideological culture moral hazard nannyism national politics & policies property rights responsibility

Climate Changelings

Paris, climate change, global warming, natural gas, fracking, Common Sense, illustration

Worried that the world is going to sacrifice progress for the mess of pottage that is “global climate change”?

Don’t. Years ago, economists specializing in game theory recognized that the governments of the world would be extremely unlikely to agree to reduce carbon dioxide emissions. The incentives are all wrong for that.

Last month, the great debunker of junk climate science, Patrick Michaels, reporting on the recent Paris talks, concurred. The international agreement going forward is so worded as to be “free to be meaningless.” Countries can claim to be “doing something,” but effectively accomplish nothing. Which allows “the world’s largest emitter (China) and the third-largest one (India)” to balk.

But the ole USA? It is doing something . . .

and it’s going to cost. Here’s one reason: Under Obama’s Clean Power Plan, substitution of natural gas for coal in electrical generation isn’t going to increase, even though it produces only half the carbon dioxide per kilowatt of electricity as coal. Instead, his EPA says power companies have to substitute unreliable, expensive “renewables,” mainly solar energy and wind. These are mighty expensive compared with new natural-gas power. And even the Clean Power Plan won’t meet our Paris target.

Obviously, what we have to worry about are our martyrdom-prone environmental zealots and their power-hungry (political power-hungry) friends ensconced in government.

They just can’t leave well enough alone, for, as Michaels notes, even CO2 emissions improve with industrial progress — when markets are free and property rights established.

But anti-capitalists in and out of government don’t want improvements to come naturally. Apparently, they would rather make things worse even by their own standards than let markets work.

This is Common Sense. I’m Paul Jacob.

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free trade & free markets general freedom individual achievement property rights responsibility too much government

Roman Rockets?

Blue Origin, Jeff Bezos, rocket, private, privatize, Common Sense, illustration

Is Big Government necessary to accomplish Big Things?

Big government built the pyramids. Big government erected the Great Wall of China. Big government put Man on the Moon.

But humanity could have reached Luna over a thousand years ago, had Roman civilization not gone into a death spiral.

Bill Whittle made this point in some recent talks on Afterburner and guesting on Stefan Molyneux’s philosophy show. He blames the fall of past civilizations on “sexual strategies”: the sociobiology of r/K. (The “r” strategy organisms make lots of babies, invest little in them, accept widespread predation; the “K” strategy makes fewer babies, invests heavily in each, and suppresses predators and parasites.) Civilizations start K-style and decline with r.

It’s a theory.

Whatever the biology, Big Government was integral to Rome’s decline, with its exploitative systems and corruption, monetary inflation and “handouts.”

Rome wasn’t destroyed in a day. There were delays and cost-overruns, like any government job.

But Whittle’s right about progress. Humanity would be a lot further along if it didn’t get caught in government/conflict/exploitation traps. Private companies might be on the Moon today were it not for Big governments that destroyed promising civilization in the past.

But hey: private enterprise is catching up.

“In an historic first,” Popular Science informs us, “the private company founded by Amazon co-founder Jeff Bezos has become the first to land a re-useable rocket that’s traveled to and from space.” The rocket lands as envisioned in old science fiction flicks, vertically — though with the aid of “drag brakes” (parachutes).

Let’s hope our civilization doesn’t once again collapse before we witness (and contribute to) further progress.

This is Common Sense. I’m Paul Jacob.

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Common Sense free trade & free markets general freedom initiative, referendum, and recall U.S. Constitution

Compatriots, We — For Liberty!

thanksgiving, Common Sense

Thank you. It’s Thanksgiving, a good day to say so.

What a great idea for a holiday — a thoroughly American one, unpretentious and unspoiled. Centered on family and friends, the day may be the most important of the year, something we all share, in no small part because it is when we count (and publicly acknowledge) our blessings.

First on the list?

The blessing of liberty, of course. The freedom to work and produce and to keep the fruits of your labor. In order to put food on the table (a LOT of GOOD food.)

And, because man does not live by bread alone, to do it your way, independently, by the sweat of your own brow and the work of your wits — not as any man’s slave, nor riding anyone’s back . . . including the taxpayer.

Thanksgiving thus serves to celebrate that quintessential American Dream: standing on one’s own two feet . . . with friends, family, and freedom.

I have a further reason to thank you, though, other than this date on the calendar.

And no, it’s not simply for reading Common Sense and allowing me to bring you heaping helpings of honest outrage, and resolve, stories of perseverance, commitment to principle, tales of “doing something about it,” offering a bit of humor, hopefully providing some good information and argumentative ammunition, a perspective on smart grassroots politics in this state or that, a lens on corrupt politicians and their latest schemes in a city or town all the way across the country.

I’m thanking you for something even more important.

Don’t get me wrong. Common Sense is important. I love riffing on the latest insanity, or success — especially presenting stories that can spur copy-cat campaigns, initiatives, legal actions and, in a word, ACTION.

Imitation is the sincerest form of flattery, after all.

You and I: we’re the folks taking responsibility for the future of freedom. We’re committed to doing the hard work of political reform.

Right?

It ain’t easy. We need to support each other, learn from one another, and work together — even when we are many miles apart. We have to build a smarter, more united pro-liberty community.

That’s why I write Common Sense.

To communicate with you . . . and other important individuals. All of us hanging together — and not “hanging separately,” as old Ben Franklin once quipped — because our efforts are absolutely essential to protecting the values of freedom, responsibility and independence.

Friend, we pay our dues (and more) — for otherwise your children and grandchildren, and mine, will face a world without what we hold so dear.

I started Liberty Initiative Fund to help citizen activists place tax limits, term limits, criminal justice reforms, and other pro-liberty and anti-crony measures on state and local ballots. I also serve as president of Citizens in Charge Foundation, which protects our crucial ability to use the citizen initiative and referendum process to hold government accountable.

Thankfully, Citizens in Charge Foundation financially supports Common Sense, allowing my compatriots to make tax-deductible contributions to keep this communication network alive and kicking.

Of course, it all comes down to you. This program, this Common Sense network doesn’t exist without your caring and support.

You know, I adore the Constitution and the Bill of Rights. As I know you do, too. But words on paper don’t keep us free unless there are people, like you and me, standing up for those words.

Stand with me again today and support Common Sense by joining Team 1776.

What’s “Team 1776”? It’s a group of folks like you who believe in the values of liberty and in building a network around those values through this communication vehicle. Members of Team 1776 care enough to provide our financial foundation by making a one-time gift of $1,776. Or they donate more. Or less. Whatever they can afford to give.

Many join Team 1776 with a monthly pledge of $17.76, which doesn’t hit the checkbook so hard (less than 60-cents a day), but adds up big-time for Common Sense — especially with more people stepping up to make that commitment.

Between today and the end of the year, I need to raise $30,000 to keep the Common Sense coming. I hope you have a great Thanksgiving Day and that you’ll claim this Common Sense program as one of your blessings.

Thanks for all you do and for your consideration now.

This is Common Sense. You make it possible. I’m Paul Jacob . . . and mighty grateful.

P.S. Your gift to Citizens in Charge Foundation for Common Sense is fully tax-deductible and 100 percent will go to the support and expansion of this program. Be part of Team 1776 by making a contribution or a monthly pledge today. Click here to make a donation by credit card. If you prefer to mail a check, please write “Team 1776” in the memo line.

P.P.S. My rough draft of this letter was titled, “Hey Comrades — Send Money!” I chuckled. My Web guy chuckled. But “comrades” is a commie word. We’re not even socialists, right? Sociable individualists, I like to think of us. Patriotic Americans. Compatriots. The word “compatriot” means both fellow countryman and colleague. And most of my readers (though certainly not all) are Americans like me, and almost all of you are colleagues (“comrades” without the bad connotations) in an important cause, a cause that must triumph. So this may be a better way to think of us: Compatriots for Freedom! Let’s make an impact . . . by saving civilization.

P.P.P.S. Thanks again. Happy Turkey Day!

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folly free trade & free markets general freedom ideological culture too much government

Bitter Pill

Martin Shkreli, Turing Pharmaceuticals, Daraprim, greed, FDA, ilustration, Common Sense

When Martin Shkreli, CEO of Turing Pharmaceuticals, announced his August acquisition of Daraprim, the only available version of the anti-parasitic pyrimethamine, and his plan to raise its price from under $14.00 to $750 per dose, I did not comment. Everybody else seemed to know exactly how evil the man was, and how awful the system that allowed his machinations.

I knew only that I didn’t know enough.

After reading Mary J. Ruwart’s “The $750 Pill: Corporate Greed, Excessive Regulation—or Both?,” I’m glad I waited. According to Dr. Ruwart, who has worked in the pharmaceutical industry, even the barest facts in the case incite suspicion:

Daraprim was patented in the 1950s, and is used for treating parasitic infections in fewer than 13,000 people a year in the U.S.  Turing bought exclusive rights to distribute the drug in the U.S. from Impax for $55 million; drug sales are less than $10 million/year. Impax itself bought daraprim several years earlier. It upped the price from $1 to $13.50/pill, causing the number of prescriptions to drop about 30%.

As Ruwart explains, the drug is no longer patent-protected, and “any generic company could make daraprim. . . .” So, what gives?

A company cannot just jump into the market. It has to prove — to the Food and Drug Administration — that its new generic would enter the bloodstream exactly as the old one. With the FDA’s red tape, this costs millions.

Which allows companies like Turing to effectively reclaim a monopoly for a little-used generic. Blame the FDA.

Still, there is some competition, from a company with a similar drug, priced at $1 per tablet.

This is Common Sense. I’m Paul Jacob.

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free trade & free markets general freedom government transparency national politics & policies responsibility too much government

Post Dated

USPS, Postal Service, Post Office, Mail, bankrupt, government, inefficiency, Common Sense, Illustration

What does a business do whose market share is decreasing, is billions of dollars in debt, and which incurred one-third of that debt just last year?

Realistically, it cannot be sustained. Not as a normal business.

Of course, the business in question has been struggling to reform, has been cutting costs. But can’t cut enough.

I’m referring to the United States Postal Service. Not a “normal business,” either: no “normal business” is authorized in the U.S. Constitution — or must suffer with the 535 members of Congress as its board of directors.

Kevin Kosar, writing at the Foundation for Economic Education, says the “existential crisis is already happening.”

And by this he doesn’t mean that the organization is going through a bout of anxiety leading to Nausea, or is so estranged from humanity that on a beach the company will kill an Arab — though that may be indeed true, “going postal” and all. He means, simply, what his title says: “USPS Is Going Down, and It’s Taking Billions with It.”

Many on the left say the problem is Congress’s insistence that the enterprise fund its employee retirement program. Kosar quotes an economist who figures that, even without current (and still inadequate) levels of pension contributions, the post office would have “lost $10 billion over the past seven years.”

Besides, those pensions must be paid for at some time — postponing them just delays the inevitable, making a future bust that much bigger, less manageable. (Current level of unfunded liability? $54 billion — which is not accounted for in its official debt.)

The Internet is more important than the post, now. Could it be time to junk mail?

This is Common Sense. I’m Paul Jacob.

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crime and punishment folly free trade & free markets general freedom

Drive Free or Die

Uber, taxi, sharing, free uber, Common Sense

Ever told your kids to share? That’s aiding and abetting, you know.

Sharing is illegal.

At least, it is in Portsmouth, New Hampshire . . . regarding Uber.

The popular ride-sharing company may be widely heralded as the flagship of the new sharing economy, but a Portsmouth city ordinance effectively blocks the service, requiring that the company provide background checks on all drivers, which Uber calls “draconian.”

While the company is trying to get the city to alter that mandate, several Uber drivers have ignored the ban, continuing to pick up passengers. In October, police stopped Stephanie Franz, who now faces a $500 fine.

Chris David has also continued to drive for Uber. After he recorded a verbal altercation with a cabbie on a city street and posted it to YouTube, David was charged with wiretapping — a felony.

Taxi companies are upset, too, claiming the ordinance creates “a free-for-all.” A Portsmouth Taxi executive bemoaned, “Anybody can come in.”

Before the ordinance took effect in September, only 28 cabs were allowed to operate. “That’s like limiting the number of restaurants and bars in Portsmouth to 28 to keep them full day and night,” argued Assistant Mayor Jim Spilane.

In the “Live Free or Die” state, barriers to earning a living and heavy-handed criminal charges have led to the pro-Uber slogan, “Drive Free or Die.”

Tonight at 6:30 pm, there’s a #FreeUber rally at the Portsmouth City Hall. If you’re nearby, please go help explain that government regulations ought to accommodate economic advances, not frustrate them.

That is, if you can find a legal ride.

This is Common Sense. I’m Paul Jacob.

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Uber, taxi, sharing, free uber, Common Sense