Jake Novak at CNBC does get one thing right in this very strange and I would say ill informed op-ed. Even though he says from the outset that he is actually for legalization he explains why legal pot will nonetheless contribute to income inequality. I think his concerns for the most part are not really concerns. At least not on a societal level.
For those of you who don’t know Burning Man is an annual festival held in the Nevada desert where pretty much everything goes. There are drugs. There are dudes wearing boas. There is electronic music and strobe lights. There is nakedness. There is a lot of sunscreen. And for the most part it is peaceful and from what people tell me, a lot of fun.
We are for small government here. It is a simple fact that crony capitalism can’t happen without an activist state.
Government should be modest and inexpensive. To the degree possible it should be invisible. Government should be tolerated, never celebrated. When government is celebrated things go wrong. Detroit, the Soviet Union, post World War II Britain, Cambodia, Nazi Germany, fascist Italy, the Great Society, the War on Drugs, the Patriot Act, the list is nearly endless.
This takes “cashing in” to a whole new level.
The Department of Defense has been given a free ride pretty much since World War II. The Military Industrial Complex which President Eisenhower warned about in his farewell address (former 5 star general Eisenhower) is very real and it has grown and grown taking up ever more of the American economy. The contractors and the services are awash in taxpayer money. Your money. And much of this money isn’t being used wisely. It is going to hyper expensive parts procurement (see above), and for programs in sub-Saharan Africa, and jets which catch fire on the flight line (The F-35) and Lord knows what else.
I love that “brain drain” is in quotes.
No it was not. There are a few union members who made out like bandits and a few more senior managers who got to keep their very generous pensions. It was worth it for the president because he was able to sway Michigan and Ohio by convincing people the auto bailout was for them. But for the rest of us, the world would be better off if GM had died in 2009.
The individual is now an antiquated notion in medicine. Doctors are increasingly encouraged to manage the health of “populations.” The individual in an Obamacare world is less important. You are now part of a school of “fish.” If a few go belly up or are lost to sharks, well that’s the way it is.
I am not a big fan of Melissa Harris-Perry. In fact I would say that generally I don’t particularly like her. But the attached video from her show is a very interesting discussion of Rand Paul’s recent speech to the Urban League.
So the I guess the Fed needs to start thinking about cutting rates right? No one can afford monthly payments because rates are too high right? But they are as low practically as they have ever been you say? Uh oh, what does that mean?