TCS Daily : January 2009 Archives

The Battle Over Drug Safety and Preemption

Two recent pronouncements represent contrasting views on pharmaceutical safety. John Calfee of the American Enterprise Institute writes about the continuing problem that the FDA is pressured toward over-caution and suppression of useful drugs, often on the basis of Read More

The Think Tank Bubble

Everyone knows what a bubble is these days. It's hard to miss once you've been in it and then had it deflate. Housing is an obvious example. I recall considerable groaning in 2000 when tech-heavy 401Ks suffered after a similar... Read More

Thoughts on Green Jobs

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." -F.A. Hayek, The Fatal ConceitOn a family trip to Nicaragua we saw workers digging a multi-mile ditch in... Read More

The Promise of Gas

In his inaugural address, President Obama observed that, "Each day brings further evidence that the way we use energy strengthens our adversaries". Tell it to Europe, Mr. President. Russia has resumed delivering Gas to Europe—for now. The latest crisis, with... Read More

Reigniting Growth

The best way to buttress the financial system is to reignite economic growth. Instead of nationalizing the banking system, or making our big financial institutions wards of the state, or interfering with real estate markets through foreclosure bailouts, or expandin Read More

Legislature Should Get Real (Time Energy Pricing)

As Montana legislators begin another session, they'll no doubt consider energy policy. Rather than trying to pick an energy winner, e.g., wind power, they should focus on a far simpler task: crafting policies that promote energy conservation. This will be... Read More

Legislature Should Get Real (Time Energy Pricing)

As Montana legislators begin another session, they'll no doubt consider energy policy. Rather than trying to pick an energy winner, e.g., wind power, they should focus on a far simpler task: crafting policies that promote energy conservation. This will be... Read More

Progress in Sudan

Sudan has long been a land of troubles, turmoil, trauma and tragedy. Deep racial, ethnic and religious divides have contributed to decades of acute marginalization for millions of non-Arab Sudanese. This cauldron of division and marginalization has been exploited b Read More

Progess in Sudan

Sudan has long been a land of troubles, turmoil, trauma and tragedy. Deep racial, ethnic and religious divides have contributed to decades of acute marginalization for millions of non-Arab Sudanese. This cauldron of division and marginalization has been exploited b Read More

Presidents and the Constitution

John McIntyre of RealClearPolitics and I were both on Larry Kudlow's radio program on Saturday afternoon. Larry asked us both the same question: "Is there anything that Obama could say on Tuesday that will make you feel good about where... Read More

Forgetting Our Roots

Lawmakers on Capitol Hill and their opponents have been looking for someone to blame for the recent financial crisis. There are plenty of participants, including sub-prime mortgage lenders, Freddie Mac executives, real estate agents, bankers, Wall Street executives Read More

The Investment Gods Are Angry

The Working Capital Model (WCM) is an historically new methodology, but with roots deeply imbedded in the building blocks of capitalism, and financial psychology--- if there actually is such a thing. The earliest forms of capitalism sprung from ancient Roman... Read More

The Economy is Not a Machine

Beware. The fixers have come to Washington. "Fix" because this one little word, in a close race with "run," is now the most dangerous word in the English language. Fix and run, you see, are words that betray the false... Read More

Stop The Reform-Industrial Complex!

Yesterday former SEC Chairman Arthur Levitt published a piece in the Wall Street Journal calling for more regulators as a response to the Madoff scandal. Amazing! This regulator, who approved Bernie Madoff to head Nasdaq and put him on a... Read More

How Big-Government Is Obama?

Tax cuts are now 40 percent of his new stimulus package. Obama spoke Thursday at George Mason University about his American Recovery and Reinvestment Plan — a.k.a. the stimulus package. There's an interesting section that would warm the heart of... Read More

Book Review: The Deniers

There appears to be a great spiritual thirst for predicting great catastrophes. I call it Armageddon chic. In Lawrence Solomon's 2008 book, The Deniers, however, we hear from a good many moderate voices. There are no sensational prophecies, but there... Read More

The Inconvenient Truth About Cars

I have a hockey-playing buddy who is converting an old Honda Civic into an electric car. His goals are modest; he'd like it to be able to make the round trip from Bozeman to Bridger Bowl. I wish him well... Read More

Bottoming Signs

Here and there are some small signs that the economy is at least bottoming — a crucial stepping stone to meaningful recovery. For example, the ISM non-manufacturing services report released today for December came in at 40.6 on the composite... Read More

The Long Road to Recovery

In geopolitics, as in life, things are seldom as bad or good, easy or hard, as they appear at close range. The incoming Obama administration should keep this in mind as it takes the helm of America's ship of state.... Read More

TCS Daily Archives