Government stimulus requires borrowing money. So it can do more harm than good unless spent carefully, focused on two goals: Mitigate the suffering caused by the downturn (e.g., Medicaid, unemployment insurnance, food stamps). Investment in infrastructure projects that generate tangible future returns. Classic examples are transportation, utilities (water purification, sewage treatment), telecommunications. (For more about this see … Continue reading Cash for Clunkers is madness! Let’s expand it to new horizons!
Much nonsense has been written about the food crisis, much of it by people using it to build support for their personal causes. It is a multi-faceted problem. Some aspects have been discussed on this blog, such as decades of underinvestment, rising demand, and inflation. Another key factor is government policy, the subject of this post. … Continue reading Teach a man to fish, and you understand what we have done wrong in Haiti
On May 16 President Bush met with King Abdullah of Saudi Arabia. He appears to have collided with the Saudi Princes' decision to initiate political peaking of the world's oil production. See here for a description of political peaking, and here for King Abdullah's announcement that they will begin additional projects to increase their oil production -- … Continue reading President Bush begs for oil, and is refused
Terrorism is a global phenomenon, but still poorly understood. What do terrorists hope to gain by random destruction? How often does terrorism work? Desite the many studies, it still remains a mysterious thing to me. This post looks at terrorism in the world's largest and one of its older democracies -- India -- in an excerpt from … Continue reading Terrorism in India, a roster of incidents
Summary: The first in a long series of posts about one of our most serious problems, one that results from other and deeper problems -- which makes it difficult to fix. Links to other chapters in the series appear at the end. Something is wrong with America, rendering our society incapable of connecting effectively to reality. The late USAF Colonel John … Continue reading Diagnosing the Eagle: the housing bust