Monday, February 19, 2007

McCain Pandering

So now McCain is making it very clear that he is pro-life. I don't think he outright said he was pro-choice back during the 2000 campaign but he certainly was ambiguous about his stance on abortion. For not being pro-life enough in 2000 he earned the wrath of evangelicals who then turned the nomination towards Bush during the South Carolina primary.

This recent obvious pandering to pro-life voters is so transparent. I wonder what, if any, convictions this man actually has? Yet one more reason I will not be a McCain supporter in 2008.

Saturday, January 20, 2007

Rich Man Poor Man

As you usual we can count on The Economist to provide sensible objective coverage of globalization. Its a very complex issue and its hard to point to clear cut 'losers'. Yes, some people in developed countries have lost their jobs to cheaper labor overseas but those same people are enjoying cheaper goods and a higher standard of living due to globalization. I agree that we need to provide assistance (especially training and career search help) to people who have lost their jobs. We also need to make our society more flexible so it can better respond to the large shifts that globalization is sure to continue to cause.

Wednesday, January 3, 2007

Our Public School Monopoly is Racist

OK, a little bit of an exaggeration. I don't think our public school system is outright racist but it does seem fairly obvious to me that the people hurt the most by the current structure are minorities. Failing schools are disproportionately in inner cities. The system is a relic of the industrial age. Mass production required assembly line mass education. Now we have a crumbling system that fails our least advantaged children. Families who are slightly better off can afford to send their students to a private school or, more likely, live somewhere where the schools are better. Poor students have no such choice. Throwing more money at these failing schools solves nothing as these schools, being monopolies, have no incentive to improve. Wealthier school districts at least have to compete with private schools and cater to wealthier families who tend to be more mobile and could choose to live elsewhere. Poor families and children are trapped. Charter schools are one way to break the public school monopoly and the cycle of poverty.

Tuesday, January 2, 2007

Free Trade Hurts?

OK, so I'm back blogging again. You could say that I took a holiday break. Hopefully I'll start consistently posting again. Anyway, I read this OpEd in the Wash Post from two Democratic Senators entitled "How Free Trade Hurts". Honestly I wonder if these guys are unintentionally or willfully ignorant of basic economics. Full disclosure, it wasn't until my mid 20's that I had my 'eureka' moment regarding globalization and economics BUT these guys are running our country. Its sad and frightening. Check out the Club For Growth, Greg Mankiw, and Daniel Drezner for commentary.

Monday, November 27, 2006

McCain the Compassionate Conservative?

I know its early to be thinking about the 2008 Presidential Campaign but I can't help myself. I'd like to find my candidate and get involved. Huckabee and Romney seem too religious right conservative and not enough libertarian conservative for my taste. That leaves me with McCain, Rudy, and Newt for now. The McCain-Feingold Bill was already a big strike against McCain but this LA Times article on McCain is very troubling. The last thing we need is more compassionate (a.k.a. spend too much money, intervene in private affairs) conservatism.

Thursday, November 23, 2006

Markets Work

Not surprisingly the democrat's anti-free trade rhetoric has increased after the elections. The somewhat pro-free trade days of Bill Clinton and the Democratic Leadership Council are long over. Protectionism has been part of party's platform since Al Gore's campaign in 2000.

Anyone who has a more than basic understanding of economics knows that free trade works. Free trade gives us cheaper goods whether that's everyday stuff from WalMart or big ticket items like plasma televisions. We also benefit from foreign companies creating jobs here in the U.S. from blue collar type jobs like the thousands of jobs at foreign auto plants to white collar jobs like my very own at a Europe based global financial services firm. Perhaps most importantly free trade allows us to 'export' lower skilled jobs to countries that can do it cheaper and focuses our resources on higher skill based industries. Rather than inhibiting free trade we need to promote it and make sure that Americans have the skills and support they need in a rapidly changing world.

Free Trade is a Key to Prosperity

Bush Must Fight For Free Trade

Thursday, November 16, 2006

The Passing of Milton Friedman

Milton Friedman passed away today at the age of 94. He lived a long and, by all accounts, a very full life. This humble little blog is named after him as a tribute for what he stood for and the influence that his works and teachings had on my life.

Prior to attending business school at the University of Chicago I definitely 'leaned left' politically. It was at Chicago where I was fully exposed to Milton Friedman's ideas (a.k.a. the 'Chicago School' of economics). I fully embraced, and still do, the Chicago school's emphasis on the freedom of the individual. Individuals make better decisions than governments and a free market is better at distributing goods than the government.

His ideas are very much alive but must always be fought for.

Please visit:
The Milton and Rose D. Friedman Foundation