Jul 27, 2013 | Politics
"It is a capital mistake to theorize before one has data. Insensibly one begins to twist facts to suit theories instead of theories to suit facts." -- Arthur Conan Doyle
Jul 25, 2013 | Politics
As a separate country, ‘Saudi Texas’ is now 12th-largest oil producer in the world; will likely be No. 9 by end of the year | AEIdeas
| Rank | Country | March Oil Output, Barrels per day (M) |
|---|
| 1 | Saudi Arabia | 10.85 |
| 2 | United States | 10.72 |
| 3 | Russia | 10.45 |
| 4 | China | 4.22 |
| 5 | Canada | 4.14 |
| 6 | Iran | 3.38 |
| 7 | United Arab Emirates | 3.22 |
| 8 | Iraq | 3.09 |
| 9 | Mexico | 2.87 |
| 10 | Kuwait | 2.80 |
| 11 | Venezuela | 2.48 |
| 12 | Texas | 2.41 |
| 13 | Nigeria | 2.37 |
| 14 | Brazil | 2.04 |
| 15 | Angola | 1.90 |
Chart Source: international crude oil production data
Jul 8, 2013 | Politics
Harry Binswanger has a great piece at Forbes
Do you share the widespread assumption that morality has to be based on religion? If so, are you willing to check that assumption?Both those on the Left and those on the Right, both the foes and friends of capitalism, take it to be axiomatic that only an external authority–God or “Society”–can ground morality.I’m going to show you that’s wrong. I’m going to show the objective, absolute, secular reason why capitalism is the only moral social system. And the evidence that I’m right about this, the evidence that morality is absolute but secular, is contained, under the surface, in the positions of those on the Right, even when religious, and those on the Left, even when multiculturalist/relativist. In actual practice–pronouncements to the contrary notwithstanding–both sides appeal to and use secular morality to justify their political positions.
Read the rest:Capitalism Without God: Freedom Is A Secular But Absolute Value -
Jul 8, 2013 | Politics
Harry Binswanger has a great piece at Forbes
Do you share the widespread assumption that morality has to be based on religion? If so, are you willing to check that assumption?Both those on the Left and those on the Right, both the foes and friends of capitalism, take it to be axiomatic that only an external authority–God or “Society”–can ground morality.I’m going to show you that’s wrong. I’m going to show the objective, absolute, secular reason why capitalism is the only moral social system. And the evidence that I’m right about this, the evidence that morality is absolute but secular, is contained, under the surface, in the positions of those on the Right, even when religious, and those on the Left, even when multiculturalist/relativist. In actual practice–pronouncements to the contrary notwithstanding–both sides appeal to and use secular morality to justify their political positions.
Read the rest:Capitalism Without God: Freedom Is A Secular But Absolute Value -
May 29, 2013 | Business, Politics
From Strassel: The IRS Scandal Started at the Top - WSJ.com (Kimberly Strassel):
President Obama and Co. are in full deniability mode, noting that the IRS is an "independent" agency and that they knew nothing about its abuse. The media and Congress are sleuthing for some hint that Mr. Obama picked up the phone and sicced the tax dogs on his enemies.But that's not how things work in post-Watergate Washington. Mr. Obama didn't need to pick up the phone. All he needed to do was exactly what he did do, in full view, for three years: Publicly suggest that conservative political groups were engaged in nefarious deeds; publicly call out by name political opponents whom he'd like to see harassed; and publicly have his party pressure the IRS to take action.Mr. Obama now professes shock and outrage that bureaucrats at the IRS did exactly what the president of the United States said was the right and honorable thing to do. "He put a target on our backs, and he's now going to blame the people who are shooting at us?" asks Idaho businessman and longtime Republican donor Frank VanderSloot.
Continues Strassel:
The president derided "tea baggers." Vice President Joe Biden compared them to "terrorists." In more than a dozen speeches Mr. Obama raised the specter that these groups represented nefarious interests that were perverting elections. "Nobody knows who's paying for these ads," he warned. "We don't know where this money is coming from," he intoned.In case the IRS missed his point, he raised the threat of illegality: "All around this country there are groups with harmless-sounding names like Americans for Prosperity, who are running millions of dollars of ads against Democratic candidates . . . And they don't have to say who exactly the Americans for Prosperity are. You don't know if it's a foreign-controlled corporation."Short of directly asking federal agencies to investigate these groups, this is as close as it gets. Especially as top congressional Democrats were putting in their own versions of phone calls, sending letters to the IRS that accused it of having "failed to address" the "problem" of groups that were "improperly engaged" in campaigns. Because guess who controls that "independent" agency's budget?The IRS is easy to demonize, but it doesn't exist in a vacuum. It got its heading from a president, and his party, who did in fact send it orders—openly, for the world to see.