Gongol.com Archives: February 2017

Brian Gongol


February 10, 2017

Business and Finance We always expect the nerds to save us

We have to give them the opportunity to do so. The job may be tougher than ever under the current administration: President Trump has decided that the chair of the Council of Economic Advisers (whomever that will be; the role hasn't been appointed yet) will not serve in his Cabinet. It's likely because he can't find an economist willing to play yes-man to his economic savagery. Have no doubt: Someone will need to be called in to clean up the economic mess created by this President (should he get any meaningful amount of the economic policy he campaigned upon). The only ones capable of fixing it will be the "nerd" class of sober, pragmatic, level-headed economists. We're in trouble if they're being shown the door already.

News Canadian town (across the border from Minnesota) experiences an influx of refugees

They're crossing from the United States, presumably because they are fearful of what a feckless US government policy on undocumented immigrants will do to them.

Iowa New president at the University of Northern Iowa

Iowa's comprehensive public university needs respect and a high profile

News "Progressive" Democrats want to shove out the centrists

The idea that centrists are rivals to be shunned from the Democratic Party (rather than coalition partners to be embraced) represents the triumph of ideological puritanism over math. The Democrats need a broader tent, not a more leftist one.

The United States of America Americans should resist the consolidation of power

(Video) US Senator Ben Sasse of Nebraska is a thoughtful voice on Constitutional separation of power, transcendent of politics. He is a generationally significant voice for the Article I branch of government.

Business and Finance Sunk costs: An economic concept that's good for your mental health

Whatever has been done...is over. Don't make decisions based on the rear-view mirror.

Threats and Hazards The national debt is no less a crisis than it was 12 months ago

At just a hair below $20 trillion, the debt comes out to $61,282 in real, incurred money owed per person for every one of us in the United States. And that doesn't count the massive future liabilities imposed by expenses like our entitlement programs -- which will cost even more.

The United States of America Decency transcends politics

American decency isn't about the boxes we check on Election Day, but about the things we do in ordinary civic life. So when you think of what makes America "great", think about the plow drivers who clear the way for a heart-transplant patient to make it to the hospital in the middle of a snowstorm, or of the foster father who takes in terminally-ill children so they can feel familial love in their short time on Earth.

Business and Finance Don't misunderstand tariffs

If the government were to put a 20% tax on restaurant bills, consumers would eat out less, restauranteurs would find their revenues decreased, and everybody would be worse off. There is no reason to think that a 20% tariff would work in any other way. Remember: Cutting the check isn't the same as paying the price. Tariffs aren't a tax on "other people" or "other countries". A portion of their incidence falls on the consumer -- and quite often, a very large portion indeed. (And don't forget: The Midwest depends on trade.)

News Read "It Can't Happen Here"

A book that ought to be taught in schools, right alongside "1984" and "Brave New World". Written by Sinclair Lewis, it is both a powerful narrative and a novel full of gems, like "...a country that tolerates evil means -- eil manners, standards of ethics -- for a generation, will be so poisoned that it never will have any good end."


Recent radio shows on demand