From August, 2014

This Blog Post Is Dedicated to Stephen Bainbridge

The “moral outrage over tax inversions” is feigned outrage. It is ginned up, fake, astroturfed outrage that will go away as soon as the midterm elections are over. It currently commands (too much) attention because President Obama and the Democratic party are worried that they might lose the Senate in the midterms, because they have no genuine issues with which to limit their possible impending electoral defeat, and because the only tool left to them in the upcoming campaigns is the tool of populist demagoguery. Populist demagoguery is needed to scare people, to make them angry, and to distract them from the…

Quote of the Day

Let’s look at the Hamas “Covenant,” the founding document published in 1988 and unchanged since. It’s fascinating how central this document is—or should be—to the Gaza conflict, and yet how absent it is in most discourse. It was published a quarter century ago in 1988. It’s been available in translation for as long as I can remember, now easily accessible online in a Yale Law School Library translation. What it represents is Hamas’ own self-definition. Its articulation of its sacred mission. I’d urge you to read the whole thing. The anti-Semitic rhetoric lifted fromThe Protocols of the Elders of Zion…

Hillary Clinton Continues to Live Down to Expectations

The riots in Ferguson have brought to the forefront issues concerning race relations in the United States, police brutality, the possible over-militarization of police, crime, violence and the fragility of First Amendment rights of free expression. And naturally, Hillary Clinton has absolutely nothing whatsoever to say about the entire matter. Not that anyone should really be surprised anymore; Team Clinton apparently continues to believe that its candidate is the overwhelming favorite to become the next president of the United States (even if the rest of us are strongly entertaining doubts on that matter). As such, Team Clinton doubtless also believes…

A Truly Great Way to Resolve the Washington Redskins Controversy

In the event that you are not a football fan, let me give you some background on the subject of this post: There is a football team called the Washington Redskins. They’ve been around for a while; the Wikipedia article states that the team began as the Boston Braves in 1932, and then eventually became the Washington Redskins in 1937. As a Chicago Bears fan, this is what I consider to be my favorite game involving the Washington Redskins. Now, there are a lot of people who consider the name of the team to be offensive (to clarify, we are referring to…

Yes Virginia, You Can Be Both a Liberal and a Zionist

David Bernstein explains. And the following is worth highlighting: . . . the only feasible alternatives to Zionism are themselves illiberal–have a majority Arab state in which Jews are, at best, a suppressed minority, or force all six million Jews living in Israel to flee to whatever countries (if any) will accept them, or some combination of the two.  The idea that giving up on “Zionism” makes you a “liberal” is false, unless creating yet another Arab dictatorship in what is now Israel at the cost of six million Jews’ lives and liberty, and of by far the most liberal state…

Quote of the Day

Politeness buys you time. It leaves doors open. I’ve met so many people whom, if I had trusted my first impressions, I would never have wanted to meet again. And yet — many of them are now great friends. I have only very rarely touched their hair. One of those people is my wife. On our first date, we went to a nice bar with blue tables and, in the regular course of conversation, she told me at length about the removal of a dermoid teratoma from her ovaries. This is a cyst with teeth (not a metaphor). I had gone in…

Some Common Sense on Corporate Tax Inversions

Courtesy of Greg Mankiw: “Some people are calling these companies ‘corporate deserters.’ ” That is what President Obama said last month about the recent wave of tax inversions sweeping across corporate America, and he did not disagree with the description. But are our nation’s business leaders really so unpatriotic? A tax inversion occurs when an American company merges with a foreign one and, in the process, reincorporates abroad. Such mergers have many motives, but often one of them is to take advantage of the more favorable tax treatment offered by some other nations. Such tax inversions mean less money for the…

Quote of the Day

My comments were in extremely poor taste and I apologize. Sometimes I say the wrong thing. –Harry Reid. He don’t say. Incidentally, I am guessing that if a Republican made the kinds of comments Reid has made, s/he wouldn’t be said to have “built up a gaffe immunity by committing so many small-ish gaffes.” Rather, s/he would have seen his/her career come to an end.

In Praise of Janet Yellen

Her statement today, in which she mentioned that the Federal Reserve would watch to see how the employment market was doing before raising interest rates, is welcome news for just about anyone who is still concerned that the economic recovery is not on firm footing, and who believes that the job market still has a ways to go before we can be sanguine about the employment picture. Incidentally, I don’t read Yellen’s comments as being an indication that interest rates will rise soon. Rather, I read them as a preemptive strike against those who would increase interest rates well before…