Keyword: sowell
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Like so many things that seem new, ObamaCare is in many ways old wine in new bottles. For example, when confronted with the fact that millions of Americans stand to lose their existing medical insurance, as a result of ObamaCare, defenders of ObamaCare say that this is true only when those people have "substandard" insurance. Who decides what is "substandard"? What is older than the idea that some exalted elite know what is good for us better than we know ourselves? Obama uses the rhetoric of going "forward," but he is in fact going backward to an age when despots...
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Bob Costas is one of the premier sportscasters and a very smart guy, so it was somewhat surprising to see him join the chorus of those decrying the fact that the owner of the Washington Redskins is resisting the pressures to change the name of his football team. The argument is that Native Americans are offended by the name, though there is no compelling evidence that most Native Americans are worked up about it. Nor is there any evidence that anyone intended the name to be insulting, either by this team or any number of other sports teams that have...
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Years ago, someone said that according to the laws of aerodynamics, bumblebees cannot fly. But the bumblebees, not knowing the laws of aerodynamics, go ahead and fly anyway. Something like that happens among people. There have been many ponderous academic writings and dour editorials in the mainstream media lamenting that most people born poor cannot rise in American society anymore. Meanwhile, many poor immigrants arrive here from various parts of Asia, and rise on up the ladder anyway.
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Years ago, someone said that according to the laws of aerodynamics, bumblebees cannot fly. But the bumblebees, not knowing the laws of aerodynamics, go ahead and fly anyway. Something like that happens among people. There have been many ponderous academic writings and dour editorials in the mainstream media lamenting that most people born poor cannot rise in American society anymore. Meanwhile, many poor immigrants arrive here from various parts of Asia, and rise on up the ladder anyway. Often these Asian immigrants arrive not only with very little money, but also very little knowledge of English. They start out working...
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Polls indicate that the public is so disgusted with Washington politicians of both parties that a surprisingly large proportion of the people would like to get rid of the whole lot of them. It is certainly understandable that the voters would like to "throw the rascals out." But there is no point in throwing the rascals out, if we are just going to get a new set of rascals to replace them. In other words, we need to think about what there is about current political practices that repeatedly bring to power such a counterproductive set of people. Those we...
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The public's opinion of politicians of both parties seems to have reached a new low. But no matter how much the voters detest Congress — or how justifiably — that does not mean that there will be radical changes at the next election. For one thing, "Congress" is not on the ballot. Only individual members of Congress are. Most voters like their own Senator or Representative, often because of special favors that these incumbents have done for their own constituency — at the taxpayers' expense. Add to this the so-called "campaign reform" laws that restrict the raising of money that...
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One of the reasons for being glad to be as old as I am is that I may be spared living to see a race war in America. Race wars are often wars in which nobody wins and everybody ends up much worse off than they were before. Initial skirmishes in that race war have already begun, and have in fact been going on for some years. But public officials pretend that it is not happening, and the mainstream media seldom publish it at all, except in ways that conceal what is really taking place.For American society, a dangerous polarization...
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One of the reasons for being glad to be as old as I am is that I may be spared living to see a race war in America. Race wars are often wars in which nobody wins and everybody ends up much worse off than they were before. Initial skirmishes in that race war have already begun and have in fact been going on for some years. But public officials pretend that it is not happening, and the mainstream media seldom publish it at all, except in ways that conceal what is really taking place.
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Bob Costas is one of the premier sportscasters and a very smart guy, so it was somewhat surprising to see him join the chorus of those decrying the fact that the owner of the Washington Redskins is resisting the pressures to change the name of his football team. The argument is that American Indians are offended by the name, though there is no compelling evidence that most American Indians are worked up about it. Nor is there any evidence that anyone intended the name to be insulting, either by this team or any number of other sports teams that have...
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Years ago, someone said that, according to the laws of aerodynamics, bumblebees cannot fly. But the bumblebees, not knowing the laws of aerodynamics, go ahead and fly anyway. Something like that happens among people. There have been many ponderous academic writings and dour editorials in the mainstream media, lamenting that most people born poor cannot rise in American society any more. Meanwhile, many poor immigrants arrive here from various parts of Asia, and rise on up the ladder anyway. Often these Asian immigrants arrive not only with very little money, but also very little knowledge of English. They start out...
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The nomination of Janet Yellen to become head of the Federal Reserve System has set off a flurry of media stories. Since she will be the first woman to occupy that position, we can only hope that this will not mean that any criticism of what she does will be attributed to sex bias or to a "war on women." The Federal Reserve has become such a major player in the American economy that it needs far more scrutiny and criticism than it has received, regardless of who heads it. Ms. Yellen, a former professor of economics at Berkeley, has...
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If the continued existence of mathematics depended on the ability of the Republicans to defend the proposition that two plus two equals four, that would probably mean the end of mathematics and of all the things that require mathematics. Republican Speaker of the House of Representatives, John Boehner, epitomized what has been wrong with the Republicans for decades when he emerged from a White House meeting last Wednesday, went over to the assembled microphones, briefly expressed his disgust with the Democrats' intransigence and walked on away. We are in the midst of a national crisis, immediately affecting millions of Americans...
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Even when it comes to something as basic, and apparently as simple and straightforward, as the question of who shut down the federal government, there are diametrically opposite answers, depending on whether you talk to Democrats or to Republicans. There is really nothing complicated about the facts. The Republican-controlled House of Representatives voted all the money required to keep all government activities going -- except for ObamaCare. This is not a matter of opinion. You can check the Congressional Record. As for the House of Representatives' right to grant or withhold money, that is not a matter of opinion either....
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Even when it comes to something as basic, and apparently as simple and straightforward, as the question of who shut down the federal government, there are diametrically opposite answers, depending on whether you talk to Democrats or to Republicans. There is really nothing complicated about the facts. The Republican-controlled House of Representatives voted all the money required to keep all government activities going — except for ObamaCare. This is not a matter of opinion. You can check the Congressional Record. As for the House of Representatives' right to grant or withhold money, that is not a matter of opinion either....
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Despite evidence from around the world that minimum wage laws can price low-skilled workers out of jobs, the U.S. Department of Labor is planning to extend minimum wage coverage to domestic workers, such as maids or those who drop in from time to time to do a few household chores for the sick and the elderly. This coverage is scheduled to begin in January 2015 — that is, after the 2014 elections and nearly two years before the 2016 elections. Politicians show a lot of cleverness in protecting their own interests, even if they show very little wisdom as far...
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Hoover Institution senior fellow Thomas Sowell argued Tuesday that the defund Obamacare effort is serving as a helpful distraction from President Obama’s low approval ratings and the controversies facing the administration. In his weekly column, Sowell pointed out that while the Obamacare law should be defunded, efforts to defund it are only pulling attention away from Obama’s vulnerabilities, including discontent among his own supporters, criticism on Syria, the continuing IRS scandal, Benghazi and the unfolding of the “train wreck” Obamacare. “What could possibly rescue Barack Obama from all these political problems and create a distraction that takes all his scandals...
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This has been the worst time, politically, for President Barack Obama since he took office. Recent polls reveal that public confidence in both his domestic and foreign policies has been falling, amid revelations about their defects and dangers. Even people who once supported and defended him have now turned against him. There have even been rumblings against Barack Obama in the Congressional Black Caucus and among labor unions that were a major factor in helping him get elected and re-elected. Two of President Obama's own former Secretaries of Defense have publicly criticized his gross mishandling of the Syria crisis, which...
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BEGIN TRANSCRIPT RUSH: The other day also we had economic news not good about the widening gap between the rich and the poor. We had the news that the smarter are getting wealthier and the stupider are getting poorer -- I mean, it wasn't good -- and that the wealth gap was wider, much wider today between the top 1% and everybody else than five years ago when Obama took office. We have more details on this, and one of the fundamental aspects of the story we had was the median income. We pointed out the median income in the...
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A survey of American economists found that 90 percent of them regarded minimum wage laws as increasing the rate of unemployment among low-skilled workers. Inexperience is often the problem. Only about 2 percent of Americans over the age of 24 earned the minimum wage. Advocates of minimum wage laws usually base their support of such laws on their estimate of how much a worker "needs" in order to have "a living wage" — or on some other criterion that pays little or no attention to the worker's skill level, experience or general productivity. So it is hardly surprising that minimum...
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Political crusades for raising the minimum wage are back again. Advocates of minimum wage laws often give themselves credit for being more "compassionate" towards "the poor." But they seldom bother to check what are the actual consequences of such laws. One of the simplest and most fundamental economic principles is that people tend to buy more when the price is lower and less when the price is higher. Yet advocates of minimum wage laws seem to think that the government can raise the price of labor without reducing the amount of labor that will be hired. When you turn from...
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