Thanks to our guest, Peter J. Wallison, Arthur F. Burns Fellow in Financial Policy Studies at AEI, general counsel of the US Treasury Department and White House counsel to President Ronald Reagan, and author of Bad History, Worse Policy: How a False Narrative About the Financial Crisis Let to the Dodd-Frank Act.
Thanks to my friend Matt Baker for the two cool new promos for the show!
SL (Smart Listener) Mensa sent us these quotes from John Maynard Keynes, which I wanted to share since we were talking about all the Keynesian crap that Gene Sperling and Barack Obama are trying to sell you. Link here. Don’t be played.)
“I believe that in many cases the ideal size for the unit of control and organisation lies somewhere between the individual and the modern State. I suggest, therefore, that progress lies in the growth and the recognition of semi-autonomous bodies within the State-bodies whose criterion of action within their own field is solely the public good as they understand it, and from whose deliberations motives of private advantage are excluded…”
“For my part I think that capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself it is in many ways extremely objectionable. Our problem is to work out a social organisation which shall be as efficient as possible without offending our notions of a satisfactory way of life.”
-John Maynard Keynes
Washington’s Economic Boom, Financed by You – NYTimes.com (While the rest of the country suffered in the Obama economy, Washington D.C. was a boom town, thanks to tax dollars. Now we are supposed to feel bad because some federal employees might be furloughed for a day or two?)
Shepherds and Sheep | RealClearPolitics (the column I mentioned when talking to our guest Peter Wallison, containing the lines “Yes, we all make mistakes. But do governments not make bigger and more catastrophic mistakes?”)
Dennis Rodman and His New BFF, Nork Dictator Kim Jong Un (Thought Experiment: did he do any worse than Jimmy Carter in 1994? That’s a rhetorical question. The answer is no!)
The Real Jimmy Carter: How Our Worst Ex-President Undermines American Foreign Policy, Coddles Dictators and Created the Party of Clinton and Kerry: Steven F. Hayward: Amazon.com: Books (Book I read from re the King of the Useful Idiots trip to North Korea in 1994, after which the grandfather of the current dictator allegedly died from laughing after negotiating with Jimmuh.)
Justice Scalia’s comment during last week’s oral argument over Sec. 5 of the Voting Rights Act has Left even more unhinged than usual because he accurately described “preclearance,” what was supposed to be a temporary remedy as “racial entitlement.”
Soundbite I didn’t have time to play, in which liberals express outrage over Court invalidating legislative enactment. From MS-NBC’S “Up with Chris Hayes,” featuring Judith Browne Dianis, of something called the Advanceproject.org, and Akhil Reed Amar, of Yale Law School. Thought experiment: will they feel the same way about the Court reviewing the Defense of Marriage Act?
Redistricting, Race, and the Voting Rights Act > Publications > National Affairs (thorough explanation of this law, and especially the changes to Section 5 over the years, and why Justice Scalia was absolutely correct when he referred to “racial entitlement”)