<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>FrontPage Magazine &#187; Thomas Sowell</title>
	<atom:link href="http://frontpagemag.com/author/thomas-sowell/feed/" rel="self" type="application/rss+xml" />
	<link>http://frontpagemag.com</link>
	<description></description>
	<lastBuildDate>Mon, 13 Feb 2012 22:33:47 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	
		<item>
		<title>High-Speed Rail: Going Nowhere, Very Fast</title>
		<link>http://frontpagemag.com/2012/01/31/high-speed-rail-going-nowhere-very-fast/</link>
		<comments>http://frontpagemag.com/2012/01/31/high-speed-rail-going-nowhere-very-fast/#comments</comments>
		<pubDate>Tue, 31 Jan 2012 04:10:11 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>
		<category><![CDATA[bridge to nowhere]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[federal money]]></category>
		<category><![CDATA[high-speed rail]]></category>
		<category><![CDATA[jerry brown]]></category>
		<category><![CDATA[Obama]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=121038</guid>
		<description><![CDATA[A fiscal black hole in the making.]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2012/01/obama-high-speed-rail-plans.gif"><img class="aligncenter size-full wp-image-121047" title="obama-high-speed-rail-plans" src="http://cloud.frontpagemag.com/wp-content/uploads/2012/01/obama-high-speed-rail-plans.gif" alt="" width="375" height="250" /></a></p>
<p>California has a huge state debt and Washington has a huge national debt. But that does not discourage either Governor Jerry Brown or President Barack Obama from wanting to launch a very costly high-speed rail system.</p>
<p>Most of us might be a little skittish about spending money if we were teetering on the brink of bankruptcy. But the beauty of politics is that it is all other people&#8217;s money, including among those other people generations yet unborn.</p>
<p>The high-speed rail system proposed for California has been envisioned as a model for similar systems elsewhere in the United States. A recent story in the San Francisco Chronicle used the high-speed rail system in Spain as an analogy for California.</p>
<p>Spain is about the same size as California, and has a similar population density — and population density is the key to the economic viability of mass transportation, from subways to high-speed rail.</p>
<p>It so happens that I have ridden on Spain&#8217;s high-speed rail system. It was very nice, especially since I did not have to pay the full costs, which were subsidized by the Spanish taxpayers.</p>
<p>While the Spanish government has been subsidizing the passengers on its high-speed rail system, the European Union has been subsidizing the Spanish government. Someone once said that government is the illusion that we can all live off somebody else. Spain&#8217;s high-speed rail system is not even covering its operating costs, never mind the enormous costs of setting up the system in the first place. One reason is that half the seats are empty in the high-speed trains in Spain.</p>
<p>That is what happens when you don&#8217;t have the population density required for passengers to cover the operating costs. You would need the hordes of Genghis Khan riding the high-speed rail system to cover the additional costs of the rails and the trains.</p>
<p>An economics professor at the University of Barcelona says that Spain &#8220;has not recovered one single euro from the infrastructure investment.&#8221;</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2012/01/31/high-speed-rail-going-nowhere-very-fast/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
		</item>
		<item>
		<title>Kodak and the Post Office</title>
		<link>http://frontpagemag.com/2012/01/10/kodak-and-the-post-office/</link>
		<comments>http://frontpagemag.com/2012/01/10/kodak-and-the-post-office/#comments</comments>
		<pubDate>Tue, 10 Jan 2012 04:01:43 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>
		<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[Capitalism]]></category>
		<category><![CDATA[Kodak]]></category>
		<category><![CDATA[post office]]></category>
		<category><![CDATA[Technology]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=118757</guid>
		<description><![CDATA[A tale of two bankruptcies. ]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2012/01/Kodak_at_Night.gif"><img class="aligncenter size-full wp-image-118761" title="_Kodak_at_Night" src="http://cloud.frontpagemag.com/wp-content/uploads/2012/01/Kodak_at_Night.gif" alt="" width="375" height="249" /></a></p>
<p>The news that Eastman Kodak is preparing to file for bankruptcy, after being the leading photographic company in the world for more than a hundred years, truly marks the end of an era.</p>
<p>The skills required to use the cameras and chemicals required by the photography of the mid-19th century were far beyond those of most people — until a man named George Eastman created a company called Kodak, which made cameras that ordinary people could use.</p>
<p>It was Kodak&#8217;s humble and affordable box Brownie that put photography on the map for millions of people, who just wanted to take simple pictures of family, friends and places they visited.</p>
<p>As the complicated photographic plates used by 19th century photographers gave way to film, Kodak became the leading film maker of the 20th century. But sales of film declined for the first time in 2000, and sales of digital cameras surpassed the sales of film cameras just 3 years later. Just as Kodak&#8217;s technology made older modes of photography obsolete more than a hundred years ago, so the new technology of the digital age has left Kodak behind.</p>
<p>Great names of companies in other fields have likewise vanished as new technology brought new rivals to the forefront, or else made the whole product obsolete, as happened with typewriters, slide rules and other products now remembered only by an older generation. That is what happens in a market economy and we all benefit from it as consumers.</p>
<p>Unfortunately, that is not what happens in government. The post office is a classic example. Post offices were once even more important than Eastman Kodak, and for a longer time, as the mail provided vital communications linking people and organizations across thousands of miles. But, today, technology has moved even further beyond the post office than it has beyond Eastman Kodak.</p>
<p>The difference is that, although the Postal Service is technically a private business, its income doesn&#8217;t cover all its costs — and taxpayers are on the hook for the difference.</p>
<p>Moreover, the government makes it illegal for anyone else to put anything into your mail box, even though you bought the mail box and it is your property.</p>
<p><span style="text-align: -webkit-center;">That means you don&#8217;t have the option to have some other private company deliver your mail.</span></p>
<p>In India, when private companies like Federal Express and United Parcel Service were allowed to deliver mail, the amount of mail delivered by that country&#8217;s post offices was cut in half between 2000 and 2005.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2012/01/10/kodak-and-the-post-office/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Random Thoughts for the New Year</title>
		<link>http://frontpagemag.com/2011/12/28/random-thoughts-for-the-new-year/</link>
		<comments>http://frontpagemag.com/2011/12/28/random-thoughts-for-the-new-year/#comments</comments>
		<pubDate>Wed, 28 Dec 2011 04:15:09 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[illegal immigrants]]></category>
		<category><![CDATA[income taxes]]></category>
		<category><![CDATA[new year]]></category>
		<category><![CDATA[social justice]]></category>
		<category><![CDATA[the Left]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=117472</guid>
		<description><![CDATA[Untangling the twisted logic behind the Left's war on America. ]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/12/thinking-pic.gif"><img class="aligncenter size-full wp-image-117473" title="thinking-pic" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/12/thinking-pic.gif" alt="" width="375" height="254" /></a></p>
<p>Random thoughts on the passing scene:</p>
<p>Talk show host Dennis Miller said, &#8220;I don&#8217;t dig polo. It&#8217;s like miniature golf meets the Kentucky Derby.&#8221;</p>
<p>Nothing illustrates the superficiality of our times better than the enthusiasm for electric cars, because they are supposed to greatly reduce air pollution. But the electricity that ultimately powers these cars has to be generated somewhere — and nearly half the electricity generated in this country is generated by burning coal.</p>
<p>The 2012 Republican primaries may be a rerun of the 2008 primaries, where the various conservative candidates split the conservative vote so many ways that the candidate of the mushy middle got the nomination — and then lost the election.</p>
<p>Because morality does not always prevail, by any means, too many of the intelligentsia act as if it has no effect. But, even in Nazi Germany, thousands of Germans hid Jews during the war, at the risk of their own lives, because it was the right thing to do.</p>
<p>In recent times, Christmas has brought not only holiday cheer but also attacks on the very word &#8220;Christmas,&#8221; chasing it from the vocabulary of institutions and even from most &#8220;holiday cards.&#8221; Like many other social crusades, this one is based on a lie — namely that the Constitution puts a wall of separation between church and state. It also shows how easily intimidated we are by strident zealots.</p>
<p>If you don&#8217;t like growing older, don&#8217;t worry about it. You may not be growing older much longer.</p>
<p>What do you call it when someone steals someone else&#8217;s money secretly? Theft. What do you call it when someone takes someone else&#8217;s money openly by force? Robbery. What do you call it when a politician takes someone else&#8217;s money in taxes and gives it to someone who is more likely to vote for him? Social Justice.</p>
<p>When an organization has more of its decisions made by committees, that gives more influence to those who have more time available to attend committee meetings and to drag out each meeting longer. In other words, it reduces the influence of those who have work to do, and are doing it, while making those who are less productive more influential.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/12/28/random-thoughts-for-the-new-year/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Alice in Liberal Land</title>
		<link>http://frontpagemag.com/2011/11/21/alice-in-liberal-land/</link>
		<comments>http://frontpagemag.com/2011/11/21/alice-in-liberal-land/#comments</comments>
		<pubDate>Mon, 21 Nov 2011 04:16:12 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>
		<category><![CDATA[alice in wonderland]]></category>
		<category><![CDATA[Democratic Party]]></category>
		<category><![CDATA[logic]]></category>
		<category><![CDATA[San Francisco]]></category>
		<category><![CDATA[Timothy Geithner]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=113167</guid>
		<description><![CDATA[What if Alice could visit the world of leftist rhetoric and assumptions today?]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/11/Picture-182.gif"><img class="aligncenter size-full wp-image-113170" title="Picture-18" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/11/Picture-182.gif" alt="" width="330" height="248" /></a></p>
<p>&#8220;Alice in Wonderland&#8221; was written by a professor who also wrote a book on symbolic logic. So it is not surprising that Alice encountered not only strange behavior in Wonderland, but also strange and illogical reasoning — of a sort too often found in the real world, and which a logician would be very much aware of.</p>
<p>If Alice could visit the world of liberal rhetoric and assumptions today, she might find similarly illogical and bizarre thinking. But people suffering in the current economy might not find it nearly as entertaining as &#8220;Alice in Wonderland.&#8221;</p>
<p>Perhaps the most remarkable feature of the world envisioned by today&#8217;s liberals is that it is a world where other people just passively accept whatever &#8220;change&#8221; liberals impose. In the world of Liberal Land, you can just take for granted all the benefits of the existing society, and then simply tack on your new, wonderful ideas that will make things better.</p>
<p>For example, if the economy is going along well and you happen to take a notion that there ought to be more home ownership, especially among the poor and minorities, then you simply have the government decree that lenders have to lend to more low-income people and minorities who want mortgages, ending finicky mortgage standards about down payments, income and credit histories.</p>
<p>That sounds like a fine idea in the world of Liberal Land. Unfortunately, in the ugly world of reality, it turned out to be a financial disaster, from which the economy has still not yet recovered. Nor have the poor and minorities.</p>
<p>Apparently you cannot just tack on your pet notions to whatever already exists, without repercussions spreading throughout the whole economy. That&#8217;s what happens in the ugly world of reality, as distinguished from the beautiful world of Liberal Land.</p>
<p>The strange and bizarre characters found in &#8220;Alice in Wonderland&#8221; have counterparts in the political vision of Liberal Land today. Among the most interesting of these characters are those elites who are convinced that they are so much smarter than the rest of us that they feel both a right and a duty to take all sorts of decisions out of our incompetent hands — for our own good.</p>
<p>In San Francisco, which is Liberal Land personified, there have been attempts to ban the circumcision of newborn baby boys.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/11/21/alice-in-liberal-land/feed/</wfw:commentRss>
		<slash:comments>16</slash:comments>
		</item>
		<item>
		<title>Democracy Versus Mob Rule</title>
		<link>http://frontpagemag.com/2011/10/31/democracy-versus-mob-rule/</link>
		<comments>http://frontpagemag.com/2011/10/31/democracy-versus-mob-rule/#comments</comments>
		<pubDate>Mon, 31 Oct 2011 04:05:18 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>
		<category><![CDATA[Democracy]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[mob rule]]></category>
		<category><![CDATA[occupy wall street]]></category>
		<category><![CDATA[public education]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=110770</guid>
		<description><![CDATA[Taxpayers should demand their money back for the public schools that produced Occupy Wall Street protesters.]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/10/Occupy-Wall-Street-Incredible-Speech-Wall-Street-Protester-illuminati.gif"><img class="aligncenter size-full wp-image-110771" title="Occupy-Wall-Street-Incredible-Speech-Wall-Street-Protester-illuminati" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/10/Occupy-Wall-Street-Incredible-Speech-Wall-Street-Protester-illuminati.gif" alt="" width="375" height="249" /></a></p>
<p>In various cities across the country, mobs of  mostly young, mostly incoherent, often noisy and sometimes violent  demonstrators are making themselves a major nuisance.</p>
<p>Meanwhile, many in the media are practically gushing over these  &#8220;protesters,&#8221; and giving them the free publicity they crave for  themselves and their cause — whatever that is, beyond venting their  emotions on television.</p>
<p>Members of the mobs apparently believe that other people, who are  working while they are out trashing the streets, should be forced to  subsidize their college education — and apparently the President of the  United States thinks so too.</p>
<p>But if these loud mouths&#8217; inability to put together a coherent line  of thought is any indication of their education, the taxpayers should  demand their money back for having that money wasted on them for years  in the public schools.</p>
<p>Sloppy words and sloppy thinking often go together, both in the mobs  and in the media that are covering them. It is common, for example, to  hear in the media how some &#8220;protesters&#8221; were arrested. But anyone who  reads this column regularly knows that I protest against all sorts of  things — and don&#8217;t get arrested.</p>
<p>The difference is that I don&#8217;t block traffic, join mobs sleeping  overnight in parks or urinate in the street. If the media cannot  distinguish between protesting and disturbing the peace, then their  education may also have wasted a lot of taxpayers&#8217; money.</p>
<p>Among the favorite sloppy words used by the shrill mobs in the  streets is &#8220;Wall Street greed.&#8221; But even if you think people in Wall  Street, or anywhere else, are making more money than they deserve,  &#8220;greed&#8221; is no explanation whatever.</p>
<p>&#8220;Greed&#8221; says how much you want. But you can become the greediest  person on earth and that will not increase your pay in the slightest. It  is what other people pay you that increases your income.</p>
<p>If the government has been sending too much of the taxpayers&#8217; money  to people in Wall Street — or anywhere else — then the irresponsibility  or corruption of politicians is the problem.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/10/31/democracy-versus-mob-rule/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Media and &#8216;Bullying&#8217;</title>
		<link>http://frontpagemag.com/2011/10/28/the-media-and-bullying/</link>
		<comments>http://frontpagemag.com/2011/10/28/the-media-and-bullying/#comments</comments>
		<pubDate>Fri, 28 Oct 2011 04:06:54 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>
		<category><![CDATA[Bullying]]></category>
		<category><![CDATA[Gay]]></category>
		<category><![CDATA[Oliver Wendell Holme]]></category>
		<category><![CDATA[Public Schools]]></category>
		<category><![CDATA[Sacco and Vanzetti]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=110505</guid>
		<description><![CDATA[Which minority group is in vogue for the Left determines media crusades. ]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/10/31178511.gif"><img class="aligncenter size-full wp-image-110508" title="31178511" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/10/31178511.gif" alt="" width="375" height="252" /></a></p>
<p>Back in the 1920s, the intelligentsia on both sides of the Atlantic were loudly protesting the execution of political radicals Sacco and Vanzetti, after what they claimed was an unfair trial. Supreme Court Justice Oliver Wendell Holmes wrote to his young leftist friend Harold Laski, pointing out that there were &#8220;a thousand-fold worse cases&#8221; involving black defendants, &#8220;but the world does not worry over them.&#8221;</p>
<p>Holmes said: &#8220;I cannot but ask myself why this so much greater interest in red than black.&#8221;</p>
<p>To put it bluntly, it was a question of whose ox was gored. That is, what groups were in vogue at the moment among the intelligentsia. Blacks clearly were not.</p>
<p>The current media and political crusade against &#8220;bullying&#8221; in schools seems likewise to be based on what groups are in vogue at the moment. For years, there have been local newspaper stories about black kids in schools in New York and Philadelphia beating up Asian classmates, some beaten so badly as to require medical treatment.</p>
<p>But the national media hear no evil, see no evil and speak no evil. Asian Americans are not in vogue today, just as blacks were not in vogue in the 1920s.</p>
<p>Meanwhile, the media are focused on bullying directed against youngsters who are homosexual. Gays are in vogue.</p>
<p>Most of the stories about the bullying of gays in schools are about words directed against them, not about their suffering the violence that has long been directed against Asian youngsters or about the failure of the authorities to do anything serious to stop black kids from beating up Asian kids.</p>
<p>Where youngsters are victims of violence, whether for being gay or whatever, that is where the authorities need to step in. No decent person wants to see kids hounded, whether by words or deeds, and whether the kids are gay, Asian or whatever.</p>
<p>But there is still a difference between words and deeds — and it is a difference we do not need to let ourselves be stampeded into ignoring. The First Amendment to the Constitution of the United States guarantees freedom of speech — and, like any other freedom, it can be abused.</p>
<p>If we are going to take away every Constitutional right that has been abused by somebody, we are going to end up with no Constitutional rights.</p>
<p>Already, on too many college campuses, there are vaguely worded speech codes that can punish students for words that may hurt somebody&#8217;s feelings — but only the feelings of groups that are in vogue.</p>
<p>Women can say anything they want to men, or blacks to whites, with impunity.</p>
<p>But strong words in the other direction can bring down on students the wrath of the campus thought police — as well as punishments that can extend to suspension or expulsion.</p>
<p>Is this what we want in our public schools?</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/10/28/the-media-and-bullying/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
		</item>
		<item>
		<title>Random Thoughts on the Passing Scene</title>
		<link>http://frontpagemag.com/2011/10/19/random-thoughts-on-the-passing-scene/</link>
		<comments>http://frontpagemag.com/2011/10/19/random-thoughts-on-the-passing-scene/#comments</comments>
		<pubDate>Wed, 19 Oct 2011 04:13:45 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[economic downturn]]></category>
		<category><![CDATA[Global Warming]]></category>
		<category><![CDATA[radical feminists]]></category>
		<category><![CDATA[Serena Williams]]></category>
		<category><![CDATA[Unemployment]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=109430</guid>
		<description><![CDATA[Instead of "spreading the wealth," Obama has spread the poverty.]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/10/Deep-thought.gif"><img class="aligncenter size-full wp-image-109431" title="Deep-thought" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/10/Deep-thought.gif" alt="" width="375" height="250" /></a></p>
<p>Random thoughts on the passing scene:</p>
<p>Like so many people, in so many countries, who started out to &#8220;spread the wealth,&#8221; Barack Obama has ended up spreading poverty.</p>
<p>Have you ever heard anyone as incoherent as the people staging protests across the country? Taxpayers ought to be protesting against having their money spent to educate people who end up unable to say anything beyond repeating political catch phrases.</p>
<p>It is hard to understand politics if you are hung up on reality. Politicians leave reality to others. What matters in politics is what you can get the voters to believe, whether it bears any resemblance to reality or not.</p>
<p>I hate getting bills that show a zero balance. If I don&#8217;t owe anything, why bother me with a bill? There is too much junk mail already.</p>
<p>Radical feminists seem to assume that men are hostile to women. But what would they say to the fact that most of the women on the Titanic were saved, and most of the men perished — due to rules written by men and enforced by men on the sinking ship?</p>
<p>If he were debating Barack Obama, Newt Gingrich could chew him up and spit him out.</p>
<p>Whether the particular issue is housing, medical care or anything in between, the agenda of the left is to take the decision out of the hands of those directly involved and transfer that decision to third parties, who pay no price for making decisions that turn out to be counterproductive.</p>
<p>It is truly the era of the New Math when a couple making $125,000 a year each are taxed at rates that are said to apply to &#8220;millionaires and billionaires.&#8221;</p>
<p>On many issues, the strongest argument of the left is that there is no argument. This has been the left&#8217;s party line on the issue of man-made global warming and the calamities they claim will follow. But there are many scientists — some with Nobel Prizes — who have repudiated the global warming hysteria.</p>
<p>With professional athletes earning megabucks incomes, it is a farce to punish their violations of rules with fines.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/10/19/random-thoughts-on-the-passing-scene/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Economic Meddling Disasters</title>
		<link>http://frontpagemag.com/2011/09/29/economic-meddling-disasters/</link>
		<comments>http://frontpagemag.com/2011/09/29/economic-meddling-disasters/#comments</comments>
		<pubDate>Thu, 29 Sep 2011 04:35:40 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>
		<category><![CDATA[american banks]]></category>
		<category><![CDATA[deposit]]></category>
		<category><![CDATA[Depression]]></category>
		<category><![CDATA[economic decisions]]></category>
		<category><![CDATA[home]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[oil explorations]]></category>
		<category><![CDATA[political decisions]]></category>
		<category><![CDATA[state]]></category>
		<category><![CDATA[time horizon]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=107074</guid>
		<description><![CDATA[Why politics and economics should not mix.]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/09/large_20080912-home-foreclosure-auction-sign.gif"><img class="aligncenter size-full wp-image-107078" title="large_20080912-home-foreclosure-auction-sign" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/09/large_20080912-home-foreclosure-auction-sign.gif" alt="" width="375" height="253" /></a></p>
<p>They say &#8220;all politics is local.&#8221; But economic decisions impact the whole economy and reverberate internationally. That is why politicians&#8217; meddling with the economy creates so many disasters.</p>
<p>The time horizon of politics seldom reaches beyond the next election. But, in economics, when an oil company invests in oil explorations today, the oil they eventually find and process may not make its way to market and earn a profit until it is sold as gasoline a decade from now.</p>
<p>In short, the focus of politicians is extremely limited in both space and time — and all the repercussions that lie beyond those limits carry little, if any, weight in political decisions.</p>
<p>At one time, many state banking laws forbad a bank from having multiple branches. The goal was limited and local — namely, to prevent big, nationally known banks from setting up branches that many locally owned banks could not successfully compete against.</p>
<p>But, limited and local as such state banking laws were, their impact was both national and catastrophic, when thousands of American banks failed during the Great Depression of the 1930s. The vast majority of the banks that failed were in states that had laws against branch banking.</p>
<p>Why? Because, when there is a single bank in a single place, the fate of both its depositors and its borrowers depends on what happens there. If it is a wheat-growing region, a drop in the price of wheat means people deposit less money in the bank at the same time when more borrowers are unable to repay their loans.</p>
<p>Banks caught in that kind of crossfire went under on a scale that shrank the total amount of credit in the country and helped plunge the national economy into depression. In Canada, where banks were free to have branches all across the country, not one bank failed during the same years when thousands of American banks failed — and Canada did not yet have deposit insurance until 1967.</p>
<p>A Canadian bank with branches in all sorts of places across the country — with all sorts of different industry, commerce and agriculture — had their risks spread, instead of being concentrated, as in the United States.</p>
<p>Problems in a place where one branch was located would not collapse the whole bank.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/09/29/economic-meddling-disasters/feed/</wfw:commentRss>
		<slash:comments>9</slash:comments>
		</item>
		<item>
		<title>The ‘Ponzi&#8217; Sound Bite</title>
		<link>http://frontpagemag.com/2011/09/19/the-%e2%80%98ponzi-sound-bite/</link>
		<comments>http://frontpagemag.com/2011/09/19/the-%e2%80%98ponzi-sound-bite/#comments</comments>
		<pubDate>Mon, 19 Sep 2011 04:09:28 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=105697</guid>
		<description><![CDATA[The hard truth behind the media outrage.]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/09/rick-perry.gif"><img class="aligncenter size-full wp-image-105699" title="rick-perry" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/09/rick-perry.gif" alt="" width="375" height="255" /></a></p>
<p>Many in the media and in politics have gone ballistic over the fact that Texas Governor Rick Perry called Social Security &#8220;a Ponzi scheme.&#8221;</p>
<p>Although many act shocked, shocked, as if Rick Perry had said something unthinkable, Governor Perry is not even among the first thousand people to call Social Security a Ponzi scheme. Not only conservatives, but even some liberals, have been calling Social Security a Ponzi scheme for decades.</p>
<p>Moreover, neither the media nor the politicians who are carrying on over the use of the words &#8220;Ponzi scheme&#8221; show the slightest interest in any hard facts that would tell us whether Social Security is or is not a Ponzi scheme. It is a &#8220;gotcha&#8221; moment, and that is apparently what some people live for.</p>
<p>What makes this nonsense become fraud is the insinuation that calling Social Security a Ponzi scheme means advocating that people who are depending on Social Security be abandoned and left with nothing to live on in their retirement years. That is the big scare — and the big lie.</p>
<p>People getting Social Security checks are going to keep on getting those checks. Nobody has advocated anything else, or would dare to cut off a financial lifeline for millions of people.</p>
<p>What is at issue is the particular mechanism through which people can be provided for in their retirement years. Some politicians loudly proclaim that they want to &#8220;save Social Security.&#8221; But programs exist for people — and it is the people who should be saved.</p>
<p>Whether or not the checks that retirees continue to get say &#8220;Social Security&#8221; is beside the point. The point is that they keep on getting the money they need to live on, whether that money comes from a different institution or from Social Security.</p>
<p>The fundamental problem of Social Security is that the irresponsible way its finances are set up, and the changing demographics of the country, mean that there is simply not going to be enough money in its trust fund to pay today&#8217;s young people what they are legally entitled to, when time comes for them to retire.</p>
<p>The money is just not there, some of it having been spent for unrelated purposes.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/09/19/the-%e2%80%98ponzi-sound-bite/feed/</wfw:commentRss>
		<slash:comments>9</slash:comments>
		</item>
		<item>
		<title>Leave the Economy Alone</title>
		<link>http://frontpagemag.com/2011/09/12/leave-the-economy-alone/</link>
		<comments>http://frontpagemag.com/2011/09/12/leave-the-economy-alone/#comments</comments>
		<pubDate>Mon, 12 Sep 2011 04:14:03 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=104837</guid>
		<description><![CDATA[Why politicians, Left and Right, should try doing nothing.]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/09/newspaper-clips-job-loss.gif"><img class="aligncenter size-full wp-image-104839" title="newspaper-clips-job-loss" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/09/newspaper-clips-job-loss.gif" alt="" width="375" height="249" /></a></p>
<p>Some people are hoping that President Obama&#8217;s plan will get the economy out of the doldrums and start providing jobs for the unemployed. Others are hoping that the Republicans&#8217; plan will do the trick.</p>
<p>Those who are truly optimistic hope that Democrats and Republicans will both put aside their partisanship and do what is best for the country.</p>
<p>Almost nobody seems to be hoping that the government will leave the economy alone to recover on its own. Indeed, almost nobody seems at all interested in looking at the hard facts about what happens when the government leaves the economy alone, compared to what happens when politicians intervene.</p>
<p>The grand myth that has been taught to whole generations is that the government is &#8220;forced&#8221; to intervene in the economy when there is a downturn that leaves millions of people suffering. The classic example is the Great Depression of the 1930s.</p>
<p>What most people are unaware of is that there was no Great Depression until AFTER politicians started intervening in the economy.</p>
<p>There was a stock market crash in October 1929 and unemployment shot up to 9 percent — for one month. Then unemployment started drifting back down until it was 6.3 percent in June 1930, when the first major federal intervention took place.</p>
<p>That was the Smoot-Hawley tariff bill, which more than a thousand economists across the country pleaded with Congress and President Hoover not to enact. But then, as now, politicians decided that they had to &#8220;do something.&#8221;</p>
<p>Within 6 months, unemployment hit double digits. Then, as now, when &#8220;doing something&#8221; made things worse, many felt that the answer was to do something more.</p>
<p>Both President Hoover and President Roosevelt did more — and more, and more. Unemployment remained in double digits for the entire remainder of the decade. Indeed, unemployment topped 20 percent and remained there for 35 months, stretching from the Hoover administration into the Roosevelt administration.</p>
<p>That is how the government was &#8220;forced&#8221; to intervene during the Great Depression.</p>
<p>Intervention in the economy is like eating potato chips: You can&#8217;t stop with just one.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/09/12/leave-the-economy-alone/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>An Unusual Economy?</title>
		<link>http://frontpagemag.com/2011/08/29/an-unusual-economy/</link>
		<comments>http://frontpagemag.com/2011/08/29/an-unusual-economy/#comments</comments>
		<pubDate>Mon, 29 Aug 2011 04:06:40 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=103366</guid>
		<description><![CDATA[Or unusually bad leadership?]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/08/obama-unemployment.gi_.top_.gif"><img class="aligncenter size-full wp-image-103367" title="obama-unemployment.gi.top" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/08/obama-unemployment.gi_.top_.gif" alt="" width="375" height="250" /></a></p>
<p>Many in the media are saying how unusual it is for our economy to be so sluggish for so long, after we have officially emerged from a recession. In a sense, they are right. But, in another sense, they are profoundly wrong.</p>
<p>The American economy usually rebounds a lot faster than it is doing today. After a recession passes, consumers usually increase their spending. And when businesses see demand picking up, they usually start hiring workers to produce the additional output required to meet that demand.</p>
<p>Some very sharp downturns in the American economy, such as in the early 1920s, were followed quickly by bouncing back to normal levels or beyond. The government did nothing — and it worked.</p>
<p>In that sense, this is an unusual recovery in how long it is taking and in how slowly the economy is growing — while the government is doing virtually everything imaginable.</p>
<p>Government intervention may look good to the media but its actual track record — both today and in the 1930s — is far worse than the track record of letting the economy recover on its own.</p>
<p>Americans today are alarmed that unemployment has stayed around 9 percent for so long. But such unemployment rates have been common for years in Western European welfare states that have followed policies similar to policies being followed currently by the Obama administration.</p>
<p>Those European welfare states have not only used the taxpayers&#8217; money to hand out &#8220;free&#8221; benefits to particular groups, they have mandated that employers do the same.</p>
<p>Faced with higher labor costs, employers have hired less labor.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/08/29/an-unusual-economy/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Learning from Britain&#8217;s Moral Rot</title>
		<link>http://frontpagemag.com/2011/08/16/learning-from-britains-moral-rot/</link>
		<comments>http://frontpagemag.com/2011/08/16/learning-from-britains-moral-rot/#comments</comments>
		<pubDate>Tue, 16 Aug 2011 04:14:34 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=101987</guid>
		<description><![CDATA[A wake-up call for the West.]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/08/aaalondon-riots.gif"><img class="aligncenter size-full wp-image-101990" title="aaalondon-riots" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/08/aaalondon-riots.gif" alt="" width="375" height="251" /></a></p>
<p>The orgies of violent attacks against strangers on the streets — in both England and the United States — are not necessarily just passing episodes. They should be wake-up calls, warning of the continuing degeneration of Western society.</p>
<p>As British doctor and author Theodore Dalrymple said, long before these riots broke out, &#8220;the good are afraid of the bad and the bad are afraid of nothing.&#8221;</p>
<p>Not only the trends over the years leading up to these riots but also the squeamish responses to them by officials — on both sides of the Atlantic — reveal the moral dry rot that has spread deep into Western societies.</p>
<p>Even when black youth gangs target white strangers on the streets and spew out racial hatred as they batter them and rob them, mayors, police chiefs and the media tiptoe around their racism and many in the media either don&#8217;t cover these stories or leave out the race and racism involved.</p>
<p>In England, the government did not call out the troops to squash their riots at the outset. The net result was that young hoodlums got to rampage and loot for hours, while the police struggled to try to contain the violence. Hoodlums returned home with loot from stores with impunity, as well as bringing home with them a contempt for the law and for the rights of other people.</p>
<p>With all the damage that was done by these rioters, both to cities and to the whole fabric of British society, it is very unlikely that most of the people who were arrested will be sentenced to jail. Only 7 percent of people convicted of crime in England are actually put behind bars.</p>
<p>&#8220;Alternatives to incarceration&#8221; are in vogue among the politically correct elites in England, just as in the United States. But in Britain those elites have had much more clout for a much longer time. And they have done much more damage.</p>
<p>Nevertheless, our own politically correct elites are pointing us in the same direction. A headline in the New York Times shows the same politically correct mindset in the United States: &#8220;London Riots Put Spotlight on Troubled, Unemployed Youths in Britain.&#8221; There is not a speck of evidence that the rioters and looters are troubled — unless you engage in circular reasoning and say that they must have been troubled to do the things they did.</p>
<p>In reality, like other rioters on both sides of the Atlantic they are often exultant in their violence and happy to be returning home with stolen designer clothes and upscale electronic devices.</p>
<p>In both England and in the United States, whole generations have been fed a steady diet of grievances and resentment against society, and especially against others who are more prosperous than they are.</p>
<p>They get this in their schools, on television, on campuses and in the movies. Nothing is their own fault. It is all &#8220;society&#8217;s&#8221; fault.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/08/16/learning-from-britains-moral-rot/feed/</wfw:commentRss>
		<slash:comments>22</slash:comments>
		</item>
		<item>
		<title>Random Thoughts of an Economist</title>
		<link>http://frontpagemag.com/2011/08/08/random-thoughts-of-an-economist/</link>
		<comments>http://frontpagemag.com/2011/08/08/random-thoughts-of-an-economist/#comments</comments>
		<pubDate>Mon, 08 Aug 2011 04:05:40 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=101114</guid>
		<description><![CDATA[I have never believed for a moment that Barack Obama has the best interests of the United States at heart.]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/08/thoughts.gif"><img class="aligncenter size-full wp-image-101120" title="thoughts" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/08/thoughts.gif" alt="" width="382" height="344" /></a></p>
<p>Random thoughts on the passing scene:</p>
<p>The next time a member of the British royal family gets married, I hope they elope and spare us all another 24/7 media orgy.</p>
<p>Does the &#8220;not guilty&#8221; verdict in the Casey Anthony child murder trial mean that the jury succumbed to the confusion between &#8220;beyond a reasonable doubt&#8221; and &#8220;beyond any conceivable doubt&#8221;? The word &#8220;reasonable&#8221; is not put in there just for decoration.</p>
<p>We seem to be living in an age when nobody can be bothered to answer their telephone, but everybody has a recorded message telling us how important our phone call is to them.</p>
<p>President Obama often talks about wanting to raise taxes on &#8220;millionaires and billionaires&#8221; but — in his actual tax proposals — higher taxes usually begin with couples earning $250,000 between them. Apparently that makes you a millionaire or a billionaire.</p>
<p>It doesn&#8217;t seem very scientific to have a good-looking nurse taking a man&#8217;s blood pressure.</p>
<p>As the British have lost their empire and, more important, lost their respect for laws and standards, Britannia has gone from ruling the waves to waiving the rules.</p>
<p>The difference between mob rule and democracy was never more sharply demonstrated than by labor unions&#8217; attempts to prevent the Wisconsin voters&#8217; elected representatives from carrying out their official duties at the state Capitol. What would it matter what the voters want if any mob can stop it from happening?</p>
<p>My favorite birthday card this year said on the outside, &#8220;Ageing is Inevitable&#8221; — and, on the inside: &#8220;Maturity is optional.&#8221;</p>
<p>Theodore Roosevelt said that his foreign policy was to speak softly and carry a big stick. Barack Obama&#8217;s foreign policy in Libya has been to speak loudly and carry a little stick. Too often Obama&#8217;s foreign policy around the world looks like children happily playing with fire.</p>
<p>Class-warfare politics is bad enough when it is for real. But often it is as phony as a three-dollar bill, when the same politicians pass high tax rates on &#8220;the rich&#8221; to win votes — and then get financial support from &#8220;the rich&#8221; to create loopholes that enable them to avoid paying those high tax rates.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/08/08/random-thoughts-of-an-economist/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
		</item>
		<item>
		<title>The Meaning of Poverty</title>
		<link>http://frontpagemag.com/2011/08/02/the-meaning-of-poverty/</link>
		<comments>http://frontpagemag.com/2011/08/02/the-meaning-of-poverty/#comments</comments>
		<pubDate>Tue, 02 Aug 2011 04:09:58 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=100590</guid>
		<description><![CDATA[Why government-defined poverty is so expansive, it's meaningless.]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/08/end-poverty-now-ii.gif"><img class="aligncenter size-full wp-image-100592" title="end-poverty-now-ii" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/08/end-poverty-now-ii.gif" alt="" width="375" height="256" /></a></p>
<p>If there were a contest for the most misleading words used in politics, &#8220;poverty&#8221; should be one of the leading contenders for that title.</p>
<p>Each of us may have his own idea of what poverty means — especially those of us who grew up in poverty. But what poverty means politically and in the media is whatever the people who collect statistics choose to define as poverty.</p>
<p>This is not just a question of semantics. The whole future of the welfare state depends on how poverty is defined. &#8220;The poor&#8221; are the human shields behind whom advocates of ever bigger spending for ever bigger government advance toward their goal.</p>
<p>If poverty meant what most people think of as poverty — people &#8220;ill-clad, ill-housed, and ill-nourished,&#8221; in Franklin D. Roosevelt&#8217;s phrase — there would not be nearly enough people in poverty today to justify the vastly expanded powers and runaway spending of the federal government.</p>
<p>Robert Rector of the Heritage Foundation has for years examined what &#8220;the poor&#8221; of today actually have — and the economic facts completely undermine the political rhetoric.</p>
<p>Official data cited by Rector show that 80 percent of &#8220;poor&#8221; households have air-conditioning today, which less than half the population of America had in 1970. Nearly three-quarters of households in poverty own a motor vehicle, and nearly one-third own more than one motor vehicle.</p>
<p>Virtually everyone living in &#8220;poverty,&#8221; as defined by the government, has color television, and most have cable TV or satellite TV. More than three-quarters have either a VCR or a DVD player, and nearly nine-tenths have a microwave oven.</p>
<p>As for being &#8220;ill-housed,&#8221; the average poor American has more living space than the general population — not just the poor population — of London, Paris and other cities in Europe.</p>
<p>Various attempts have been made over the years to depict Americans in poverty as &#8220;ill-fed&#8221; but the &#8220;hunger in America&#8221; campaigns that have enjoyed such political and media popularity have usually used some pretty creative methods and definitions.</p>
<p>Actual studies of &#8220;the poor&#8221; have found their intake of the necessary nutrients to be no less than that of others.</p>
<p>In fact, obesity is slightly more prevalent among low-income people.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/08/02/the-meaning-of-poverty/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Too Much of a Good Thing</title>
		<link>http://frontpagemag.com/2011/07/18/too-much-of-a-good-thing/</link>
		<comments>http://frontpagemag.com/2011/07/18/too-much-of-a-good-thing/#comments</comments>
		<pubDate>Mon, 18 Jul 2011 04:34:23 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=99099</guid>
		<description><![CDATA[The common sense that all politicians ignore. ]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/07/home-ownership.gif"><img class="aligncenter size-full wp-image-99100" title="home-ownership" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/07/home-ownership.gif" alt="" width="375" height="248" /></a></p>
<p>Life has many good things. The problem is that most of these good things can be gotten only by sacrificing other good things. We all recognize this in our daily lives. It is only in politics that this simple, common sense fact is routinely ignored.</p>
<p>In politics, there are not simply good things but some special Good Things — with a capital G and capital T — which are considered always better to have more of.</p>
<p>Many of the things advocated by environmental extremists, for example, are things that most of us might think of as good things. But, in politics, they become Good Things whose repercussions and costs are brushed aside as unworthy considerations.</p>
<p>Nobody wants to breathe dirty air or drink dirty water. But, if either becomes 98 percent pure, 99 percent pure or 99.9 percent pure, there is some point beyond which the costs skyrocket and the benefits become meager or non-existent.</p>
<p>If the slightest trace of any impurity were fatal, the human race would have become extinct thousands of years ago.</p>
<p>Not only does the body have defenses to neutralize small amounts of some impurities, some things that are dangerous, or even fatal, in substantial amounts can become harmless or even beneficial in extremely minute amounts, arsenic being one example. As an old adage put it: &#8220;It is the dose that makes the poison.&#8221;</p>
<p>In other words, removing arsenic from our drinking water should obviously be a very high priority — but not after we have gotten it down to some extremely minute trace. There is never going to be 100 percent clean water or air and, the closer we get to that, the more costly it is to remove extremely minute traces of anything. But none of this matters to those who see ever higher standards of &#8220;clean water&#8221; or &#8220;clean air&#8221; as a Good Thing.</p>
<p>One of the things that have ruined our economy is the notion that both Democrats and Republicans in Washington pushed for years, that a higher rate of home ownership is a Good Thing.</p>
<p>There is no question that there are benefits to home ownership. And there should be no question that there are costs as well.</p>
<p>But costs get lost in the shuffle.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/07/18/too-much-of-a-good-thing/feed/</wfw:commentRss>
		<slash:comments>18</slash:comments>
		</item>
		<item>
		<title>Forgotten Stars</title>
		<link>http://frontpagemag.com/2011/07/12/forgotten-stars/</link>
		<comments>http://frontpagemag.com/2011/07/12/forgotten-stars/#comments</comments>
		<pubDate>Tue, 12 Jul 2011 04:31:27 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=98538</guid>
		<description><![CDATA[Three recent sports biographies raise questions about who is remembered and why.]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/07/joe.jpg"><img class="aligncenter size-full wp-image-98540" title="joe" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/07/joe.jpg" alt="" width="374" height="325" /></a></p>
<p>Three recent sports biographies — two about <a id="itxthook0" rel="nofollow" href="http://www.creators.com/conservative/thomas-sowell/forgotten-stars.html#">baseball</a> stars Stan Musial and Hank Greenberg, and another about boxing great  Joe Louis — are not only interesting in themselves, but also recall an  era that now seems as irretrievably past as the Roman Empire.</p>
<p>They also raise questions about who is remembered and why.</p>
<p>The <a id="itxthook1" rel="nofollow" href="http://www.creators.com/conservative/thomas-sowell/forgotten-stars.html#">St. Louis<img id="itxthook1icon" src="http://images.intellitxt.com/ast/adTypes/mag-glass_10x10.gif" alt="" /></a> Cardinals&#8217; great hitter Stan Musial was one of those stars who  dominated his era in the 1940s and 1950s, and yet is almost forgotten  today, even among baseball fans. Mention baseball in the 1940s and  1950s, and the names that come to mind immediately are Ted Williams and  Joe DiMaggio.</p>
<p>Yet Stan Musial had a higher lifetime batting average than Joe DiMaggio — and Hank Greenberg hit more <a id="itxthook2" rel="nofollow" href="http://www.creators.com/conservative/thomas-sowell/forgotten-stars.html#">home</a> runs in a season, and had more runs batted in, than either Williams or DiMaggio.</p>
<p>Maybe the reason for the difference is that it is easier to remember  some things when they are associated with other things. Ted Williams was  the last .400 hitter and Joe DiMaggio&#8217;s 56-game hitting streak is a  record that may never be broken.</p>
<p>There are no similarly spectacular records associated with Hank  Greenberg or Stan Musial. Greenberg hit 58 home runs in a season, so  that two more would have tied Babe Ruth&#8217;s record at the time. Greenberg  also had 183 runs batted in, just one short of Lou Gehrig&#8217;s American  League record. But close only counts when pitching horseshoes or  throwing hand grenades.</p>
<p>Mark Kurlansky&#8217;s biography says in its preface, &#8220;Hank Greenberg was a  baseball player who hit a lot of home runs before most of us were  born.&#8221; But not all of us. The longest home run I ever saw was hit by  Hank Greenberg, deep into Yankee Stadium&#8217;s 3rd deck, back when it was  415 feet down the left field foul line.</p>
<p>The book about Musial is titled &#8220;Stan Musial: An American Life&#8221; by  George Vecsey. It is more about his life than about baseball. In it,  Musial recalls that, back in his childhood, creating mischief far from  his own neighborhood was still risky, because relatives who lived in  other neighborhoods would not hesitate to grab you and spank your  behinds.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/07/12/forgotten-stars/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>When Talking Points Trump Reality</title>
		<link>http://frontpagemag.com/2011/07/05/when-talking-points-trump-reality/</link>
		<comments>http://frontpagemag.com/2011/07/05/when-talking-points-trump-reality/#comments</comments>
		<pubDate>Tue, 05 Jul 2011 04:05:03 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=97845</guid>
		<description><![CDATA[What's the truth about taxing the rich and government-controlled medicine? ]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/07/gty_tax_rich_sign_jp_110412_wg.gif"><img class="aligncenter size-full wp-image-97846" title="gty_tax_rich_sign_jp_110412_wg" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/07/gty_tax_rich_sign_jp_110412_wg.gif" alt="" width="375" height="276" /></a></p>
<p>It is hard to understand politics if you are hung up on reality. Politicians leave reality to others. What matters in politics is what you can get the voters to believe, whether it bears any resemblance to reality or not.</p>
<p>Not only among politicians, but also among much of the media, and even among some of the public, the quest is not for truth about reality but for talking points that fit a vision or advance an agenda. Some seem to see it as a personal contest about who is best at fencing with words.</p>
<p>The current controversy over whether to deal with our massive national debt by cutting spending, or whether instead to raise tax rates on &#8220;the rich,&#8221; is a classic example of talking points versus reality.</p>
<p>Most of those who favor simply raising tax rates on &#8220;the rich&#8221; — or who say that we cannot afford to allow the Bush &#8220;tax cuts for the rich&#8221; to continue — show not the slightest interest in the history of what has actually happened when tax rates were raised to high levels on &#8220;the rich,&#8221; as compared to what has actually happened when there have been &#8220;tax cuts for the rich.&#8221;</p>
<p>As far as such people are concerned, those questions have already been settled by their talking points. Why confuse the issue by digging into empirical evidence about what has actually happened when one policy or the other was followed?</p>
<p>The political battles about whether to have high tax rates on people in high income brackets or to instead have &#8220;tax cuts for the rich&#8221; have been fought out in at least four different administrations in the 20th century — under Presidents Calvin Coolidge, John F. Kennedy, Ronald Reagan and George W. Bush.</p>
<p>The empirical facts are there, but they mean nothing if people don&#8217;t look at them, and instead rely on talking points.</p>
<p>The first time this political battle was fought, during the Coolidge administration, the tax-cutters won. The data show that &#8220;the rich&#8221; supplied less tax revenue to the government when the top income tax rate was 73 percent in 1921 than they supplied after the income tax rate was reduced to 24 percent in 1925.</p>
<p>Because high tax rates can easily be avoided, both then and now, &#8220;the rich&#8221; were much less affected by high tax rates than was the economy and the people who were looking for jobs.</p>
<p>After the Coolidge tax cuts, the increased economic activity led to unemployment rates that ranged from a high of 4.2 percent to a low of 1.8 percent.</p>
<p>But that is only a fact about reality — and, for many, reality has no such appeal as talking points.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/07/05/when-talking-points-trump-reality/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Young, Not Seniors, Are Being Dumped off a Cliff</title>
		<link>http://frontpagemag.com/2011/06/22/the-young-not-seniors-are-being-dumped-off-a-cliff/</link>
		<comments>http://frontpagemag.com/2011/06/22/the-young-not-seniors-are-being-dumped-off-a-cliff/#comments</comments>
		<pubDate>Wed, 22 Jun 2011 04:13:19 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=96717</guid>
		<description><![CDATA[Retirees have the least to fear from entitlement reform.  ]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/06/social-security-cards.gif"><img class="aligncenter size-full wp-image-96718" title="social-security-cards" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/06/social-security-cards.gif" alt="" width="375" height="289" /></a></p>
<p>One of my earliest memories of revulsion against war came from seeing a photograph from the First World War when I was a teenager. It was nothing gory. Just a picture of a military officer, in an impressive uniform, talking to a puzzled and forlorn-looking old peasant woman with a cloth wrapped around her head.</p>
<p>He said simply: &#8220;Don&#8217;t you understand, madam? The village is not there any more.&#8221;</p>
<p>To many such people of that era, the village was the only world they knew. And to say that it had been destroyed in the carnage of war was to say that there was no way for them to go back home, that their whole world was gone.</p>
<p>Recently that image came back, in a wholly different context, while seeing pictures of American seniors carrying signs that read &#8220;Hands off my Social Security&#8221; and &#8220;Hands off my Medicare.&#8221;</p>
<p>They want their Social Security and their Medicare to stay the way they are — and their anger is directed against those who want to change the financial arrangements that pay for these benefits.</p>
<p>Their anger should be directed instead against those politicians who were irresponsible enough to set up these costly programs without putting aside enough money to pay for the promises that were made — promises that now cannot be kept, regardless of which political party controls the government.</p>
<p>Someone needs to say to those who want Social Security and Medicare to continue on unchanged: &#8220;Don&#8217;t you understand? The money is not there any more.&#8221;</p>
<p>Many retired people remember the money that was taken out of their paychecks for years and feel that they are now entitled to receive Social Security benefits as a right. But the way Social Security was set up was so financially shaky that anyone who set up a similar retirement scheme in the private sector could be sent to federal prison for fraud.</p>
<p>But you can&#8217;t send a whole Congress to prison, however much they may deserve it.</p>
<p>This is not some newly discovered problem. Innumerable economists and others pointed out decades ago that Social Security was unsustainable in the long run, including yours truly on &#8220;Meet the Press&#8221; in 1981.</p>
<p>But the long run doesn&#8217;t count for most politicians, since elections are held in the short run.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/06/22/the-young-not-seniors-are-being-dumped-off-a-cliff/feed/</wfw:commentRss>
		<slash:comments>14</slash:comments>
		</item>
		<item>
		<title>Government Decisions vs. Private Decisions</title>
		<link>http://frontpagemag.com/2011/06/08/government-decisions-vs-private-decisions/</link>
		<comments>http://frontpagemag.com/2011/06/08/government-decisions-vs-private-decisions/#comments</comments>
		<pubDate>Wed, 08 Jun 2011 04:12:32 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=95591</guid>
		<description><![CDATA[Can ever-growing government decision-making be stopped? ]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/06/real-estate-investment-property-foreclosure.gif"><img class="aligncenter size-full wp-image-95593" title="real-estate-investment-property-foreclosure" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/06/real-estate-investment-property-foreclosure.gif" alt="" width="375" height="281" /></a></p>
<p>Two unrelated news stories on the same day show the contrast between government decisions and private decisions.</p>
<p>Under the headline &#8220;Foreclosed Homes Sell at Big Discounts,&#8221; USA Today reported that banks were selling the homes they foreclosed on, at discounts of 38 percent in Tennessee to 41 percent in Illinois and Ohio.</p>
<p>Banks in general try to get rid of the homes they acquire by foreclosure, by selling them quickly for whatever they can get. Why? Because banks are forced by economic realities to realize that they are not real estate companies.</p>
<p>No matter how much expertise bank officials may have in financial transactions, that is very different from knowing the best ways to maintain and market empty houses.</p>
<p>Meanwhile, there was a story on the Fox News Channel about schools that are using their time to indoctrinate kindergartners and fourth graders with politically correct attitudes about sex.</p>
<p>Anyone familiar with the low standards and mushy notions in the schools and departments of education that turn out our public school teachers might think that these teachers would have all they can do to make American children competent in reading, writing and math.</p>
<p>Anyone familiar with how our children stack up with children from other countries in basic education would be painfully aware that American children lag behind children in countries that spend far less per pupil than we do.</p>
<p>In other words, teachers and schools that are failing to provide the basics of education are branching out into all sorts of other areas, where they have even less competence.</p>
<p>Why are teachers so bold when banks are so cautious? The banks pay a price for being wrong. Teachers don&#8217;t.</p>
<p>If banks try to act like they are real estate companies and hold on to a huge inventory of foreclosed homes, they are likely to lose money big time, as those homes deteriorate and cannot compete with homes marketed by real estate companies with far more experience and expertise in this field.</p>
<p>But if teachers fail to educate children, they don&#8217;t lose one dime, no matter how much those children and the country lose by their failure.</p>
<p>If the schools waste precious time indoctrinating children, instead of educating them, that&#8217;s the children&#8217;s problem and the country&#8217;s problem, but not the teachers&#8217; problem.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/06/08/government-decisions-vs-private-decisions/feed/</wfw:commentRss>
		<slash:comments>7</slash:comments>
		</item>
		<item>
		<title>Understanding Obama&#8217;s Disdain for Israel</title>
		<link>http://frontpagemag.com/2011/05/31/understanding-obamas-disdain-for-israel/</link>
		<comments>http://frontpagemag.com/2011/05/31/understanding-obamas-disdain-for-israel/#comments</comments>
		<pubDate>Tue, 31 May 2011 04:05:36 +0000</pubDate>
		<dc:creator>Thomas Sowell</dc:creator>
				<category><![CDATA[Afternoon Edition]]></category>
		<category><![CDATA[Daily Mailer]]></category>
		<category><![CDATA[FrontPage]]></category>

		<guid isPermaLink="false">http://frontpagemag.com/?p=94839</guid>
		<description><![CDATA[The underlying rational -- and lessons learned from Rev. Jeremiah Wright. ]]></description>
			<content:encoded><![CDATA[<p><a href="http://cloud.frontpagemag.com/wp-content/uploads/2011/05/ObamaFeetDesk1.gif"><img class="aligncenter size-full wp-image-94844" title="ObamaFeetDesk" src="http://cloud.frontpagemag.com/wp-content/uploads/2011/05/ObamaFeetDesk1.gif" alt="" width="375" height="306" /></a></p>
<p>The only thing surprising about Barack Obama&#8217;s latest blow against Israel is that there are people who are surprised. As for a Palestinian homeland, that was never a big issue when the Arabs controlled that land, up to 1967.</p>
<p>Obama&#8217;s declaration that Israel must give up the land it acquired, after neighboring countries threatened its survival in 1967, is completely consistent with both his ideology of many years and his previous actions as President of the United States.</p>
<p>Whether as a radical student, a community organizer or a far left politician, Barack Obama&#8217;s ideology has been based on a vision of the Haves versus the Have Nots. However complex the ramifications of this ideology, and however clever the means by which Obama has camouflaged it, that is what it has amounted to.</p>
<p>&nbsp;</p>
<p>No wonder he was moved to tears when the Reverend Jeremiah Wright summarized that ideology in a thundering phrase— &#8220;white folks&#8217; greed runs a world in need.&#8221;</p>
<p>Israel is one of the Haves. Its neighbors remain among the Have Nots, despite their oil. No wonder that Barack Obama has bent over backward, in addition to bowing low forward, to support the side that his ideology favors.</p>
<p>Whether at home or abroad, Obama&#8217;s ideology is an ideology of envy, resentment and payback.</p>
<p>Israel is not simply to have its interests sacrificed and its security undermined. It is to be brought down a peg and— to the extent politically possible— insulted. Obama has already done all these things. His latest pronouncement is just more of the same.</p>
<p>One of the first acts of Barack Obama as president was to send money to the Palestinians, money that can be used to buy rockets to fire into Israel, irrespective of the rationale for the money.</p>
<p>They say a picture is worth a thousand words. A photograph that should tell us a lot about Barack Obama shows him on the phone, talking with Israeli Prime Minister Benjamin Netanyahu.</p>
<p>Obama was seated, leaning back in his chair, with his feet up on the desk, and the soles of his feet pointed directly at the camera. In the Middle East, showing the soles of your feet is an insult, as Obama undoubtedly knows.</p>
]]></content:encoded>
			<wfw:commentRss>http://frontpagemag.com/2011/05/31/understanding-obamas-disdain-for-israel/feed/</wfw:commentRss>
		<slash:comments>17</slash:comments>
		</item>
	</channel>
</rss>

