I sent the below letter to my new VA Senators yesterday to urge them to withdrawal their support from the bloated and obscured bill that will likely be up for vote tomorrow afternoon. Merry Christmas Virginian’s, your state senator’s cast a vote to show that they have done something for the reason that something needs to be done, not becuase its right and the change will be beneficial. You can read both their statements at their respective websites (Senator Webb) and (Senator Warner).
I am writing to ask you …

I read over a great WSJ article, Politicians Butt In at Bailed-Out GM, which demonstrates the problems with government intervening heavily in the decisions of businesses. A few quotes:
Thomas Geisel, chief executive of New Jersey’s Sun Bancorp Inc., says the bank paid back its federal money in June because of legislation that imposed limits on bankers’ pay, among other areas. “Lawmakers let emotion and ego get in the way of making good business decisions,” he says.
“I was elected to represent the interests of Montana, not General Motors, which is …

I’m like most people who have complained in the past about my wireless provider, although I’ve been very happy with Verizon over the last few years. But my happiness and yours may diminish, as the Federal government might force wireless carriers to treat all web traffic the same, which means carriers couldn’t block or slow access to sites that are a drain on their networks or offered by rivals. To me this is a power grab by the FCC, unless their is some part of this potential regulation …

Given the current traction government intervention is having in the media and among some groups sentiments (see Regulating Compensation, Administrating Health Care Plans, Sole Originator of Student Loans, etc.) I thought I would share two quotes on government intervention.
My interpretation is that for some reason it is believed that government officials, be it representatives, appointees, or career bureaucrats, are somehow better suited to run things than a private market (think all of our social institutions not just companies). Milton Friedman in the below quote said it well, by asking, …

I wrote in my Article titled, “US Steelmakers Support Green House Gas Legislation” on United Steelworkers supporting GHG legislation and assumed they were doing so to get more favorable treatment from the White House.
In fact the United Steelworkers couldn’t get any trade complaints passed through the Bush administration so their hoping for some traction with Obama (particular since he pledged to increase trade enforcement). They are currently trying to get ‘trade enforcement’ considerations by Obama on imported Chinese tires.
Well Obama ended up signing a 35-percent tariff on imported tires (a …

I came across a good article on Soft Paternalism on NPR, Using Psychology to Save You from Yourself.
The basic concept of Soft Paternalism, or so its supports claim, is derived from Behavioral Economics, which is,
a school of economic thought greatly influenced by psychological research — which argues that the human animal is hard-wired to make errors when it comes to decision-making, and therefore people need a little “nudge” to make decisions that are in their own best interests. And that is exactly what Obama administration officials plan to do: …