Let's put Mr. Jefferson at second base. Reason's Ron Bailey explains Why Thomas Jefferson is the most fascinating Founding Father.
"Rightful liberty is unobstructed action according to our will, within the limits drawn around us by the equal rights of others," wrote Thomas Jefferson in 1819. This accords well with the Cato Institute's definition of libertarianism: "the belief that each person has the right to live his life as he chooses so long as he respects the equal rights of others."
Immediately following his definition of rightful liberty, Jefferson properly cautioned, "I do not add 'within the limits of the law'; because law is often but the tyrant's will, and always so when it violates the right of an individual."
Like any good baseball scout, Ron is honest about TJ's major flaws involving that Peculiar Institution. But the bottom line:
Jefferson's hypocrisy with respect to slavery is a blot on his legacy. But he still deserves our praise for expressing the principles and framing the institutions that enabled the eventual extension of civil and political rights to all American men and women. On the anniversary of Jefferson's Declaration, it is up to us to sustain and extend that document's ideals.
Oh, by the way, that joke mentioned in the headline is here. Probably not the safest one to tell in mixed company.
Also of note:
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"Dr. Fieseher, a Mr. D. Bunker is Here to see you. He doesn't have an appointment." A couple days back I mentioned an op-ed column in my lousy local newspaper from Dr. James Fieseher. He bemoaned the sorry state of American healthcare and pointed the shaky finger of blame at insurance companies. Excerpt:
Health insurers claim to add value by “managing” our healthcare. But is that really a value? Their idea of managing is to intervene in the doctor-patient relationship and decide, without having a medical degree or having seen the patient, which medications or procedures prescribed would be paid and which are unnecessary.
Fieseher also claimed "health insurers are among America’s richest and most profitable companies and their CEO’s are paid among the highest salaries …"
Which made me pay attention to a recent post by economist Noah Smith, which claims: Insurers aren't the main villain of the U.S. health care system. Some truth dropped along the way:
Everyone knows that denying claims is in the insurance company’s financial interest. The more they can get away with taking your monthly premium and then weaseling out of their end of the bargain, the more their shareholders and executives can walk away with giant bags of money. They’re the ones buying huge houses and yachts and whatever on the money they made from finding some technical reason to send you and thousands upon thousands of people like you into medical bankruptcy after your chemotherapy. Who wouldn’t be mad?
And yet when we take a hard look at the question of why Americans pay so much more for their health care than people elsewhere in the developed world, insurance companies and their profits just aren’t that big of a piece of the story.
First of all, insurance companies just don’t make that much profit. UnitedHealth Group, the company of which [murder victim] Brian Thompson’s UnitedHealthcare is a subsidiary, is the most valuable private health insurer in the country in terms of market capitalization, and the one with the largest market share. Its net profit margin is just 6.11%:
That’s only about half of the average profit margin of companies in the S&P 500. And other big insurers are even less profitable. Elevance Health, the second-biggest, has a margin of between 2% and 4%. Centene’s margin is usually around 1% to 2%. Cigna Group’s margin is usually around 2% to 3%. And so on. These companies are just making very little profit at all.
I'm sure Dr. Fieseher was properly horrified by Brian Thompson's murder. But who knows whether his reckless and irresponsible misinformation won't inspire another psychopath to violence?
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Do you ever get the feeling that we're living in the middle of an Ayn Rand novel? That was a rhetorical question I posed a few days ago discussing Bernie Sanders' AI proposals. As it happens, those comparisons are coming thick and fast. Here's Veronique de Rugy's look at a different scheme: A Villainous Blueprint for Managed Poverty.
Writer and philosopher Ayn Rand was often accused of inventing cartoonish villains. Rogues like Ellsworth Toohey in "The Fountainhead" would scheme to seize the global economy's commanding heights in pursuit of a distorted sense of justice. But the people who hold such ideas don't just appear in cartoons or in Rand's novels.
Enter Thomas Piketty and company.
In early June, Piketty — the French economist whose work on inequality has made him something of a rock star even while being serially challenged for methodological errors, data imputations and cherry-picked baselines — and his large team unveiled what can only be described as a villainous plan. It's a comprehensive program for global managed decline dressed up in the language of climate justice and equality.
Vero goes into the demented details of Piketty's plundering plan.
If you want me I'll be trying to find "Galt's Gulch" on Google Maps.
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The kids are all right. Born in my-my-my g-g-generation, Scott Sumner is tired of us taking the rap for today's woes. The silent revolutionaries.
Now I’m going to say something that might be controversial but is obvious when you think about it. I am not personally to blame for all of the cultural, political and economic policy changes of the 1960s.
I say this because I frequently see boomers being blamed for every single ill in modern society. The peak period of change was roughly 1965, sometimes called “the liberal hour”. I was ten years old. Not a single baby boomer was out of their teens. If you wish to blame a generation for all the ills of modern society, please blame the Silent Generation and the Greatest Generation. They got rid of traditional morality and pushed divorce rates much higher. They put Social Security on an unsustainable path. They ended the gold price peg for the dollar. They created affirmative action and NIMBYism. The ended the death penalty. Heck, they even invented rock and roll.
I also see people suggest that boomers are the lucky generation. No, it is smaller generations that are lucky. Big generations face a highly competitive job market. In 1982, I was paid $19,700/year as an assistant professor, at a time when the unemployment rate was 10%. Even in real terms, starting salaries for young Gen X professors had moved far higher by the late 1990s and early 2000s. It was mostly the silent generation and perhaps a very few early boomers that left college and entered a strong job market during the 1960s.
Scott's a solid economist, and he backs up his argument with actual data (not just anecdotes).
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In (sorta) local news… Writing in (of all places) the Bulwark, Poli Sci prof Bernard Tamas is heartened by recent news: The Libertarian Party is Trying to De-MAGAfy Itself.
THE LIBERTARIAN PARTY LAST MONTH expelled its New Hampshire chapter from the national party. For years, the Libertarian Party of New Hampshire (LPNH) has prided itself on being the radical vanguard of the liberty movement and made itself a public relations nightmare for the wider libertarian movement. Its chair, Jeremy Kauffman, became notorious for tweets he posted from the New Hampshire chapter’s account, including implying that historically black colleges and universities were “chimp factories” and declaring that “Anyone who murders Kamala Harris would be an American hero.” Faithless to the wider party, the LPNH endorsed and campaigned for Donald Trump over the Libertarian Party’s own presidential nominee, Chase Oliver, in 2024. When the vote by the Libertarian National Committee to eject the LPNH finally came during the party’s national conference, it was swift and decisive.
The story here is bigger than a racist, right-wing group being removed from a party apparatus. Many political scientists, including me, believe that having only two competitive political parties hurts American democracy. And if we cannot have several different parties represented in Congress, the next best option is to have third parties that can force the major parties to make changes by undermining, or threatening to undermine, their candidates. But third parties are far weaker today than they were over a century ago, when they were able to discipline both the Republican and Democratic parties whenever either moved too far beyond the public will.
Bernard Tamas is hopeful this move will make the LP a non-joke third party. I don't see any evidence provided; they were unable to crack the two-party duopoly even before the LPNH went off the reservation.
For the record: during the 2024 campaign Chase Oliver accused Israel of committing "genocide" in Gaza. Sorry, Libertarian Party: Oliver's remaining foreign policy stances were merely isolationist, but that was a dealbreaker for me. (You want to argue with me about that? Too bad; read Sam Harris: Why I Won’t Debate Critics of Israel.)
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