Gongol.com Archives: 2018 Weekly Archives
Worth consideration: "Integrity is not only knowing and acting on what is right but also, as Yale Law's Stephen Carterimplores, publicly explaining why you are doing so."
The cartoon pages are the gateway by which kids become newspaper readers. Every successful medium needs a route by which the next generation of audience members is recruited.
Peter Navarro to Bloomberg: "My function, really, as an economist is to try to provide the underlying analytics that confirm his [the President's] intuition. And his intuition is always right in these matters." Trying to backfill evidence to rationalize instincts is a far cry from encouraging one's best intuitions. Intuition is the product of experience, study, and self-criticism. President Trump doesn't celebrate any of those; he has instincts. And any animal can have instincts. To have people in such influential positions that do nothing but encourage instinctive behavior is a complete dereliction of duty.
The President takes a potshot at Gary Cohn, his departing director of the National Economic Council: "He may be a globalist but I still like him. He is seriously a globalist, no question. But in some ways he's a nationalist because he loves our country." ■ Straight to the dustbin of history with the idea that a person couldn't love his or her own country and also believe in participating in the global community. Shameful. Ignorant, wrong, and shameful. ■ "No free people can for long cling to any privilege or enjoy any safety in economic solitude. For all our own material might, even we need markets in the world for the surpluses of our farms and our factories." - Dwight D. Eisenhower ■ "If we want [...] a vital, dynamic, innovative economic system, we must accept the need for mobility and adjustment. It may be desirable to ease these adjustments [...] but we should try to achieve that objective without destroying the flexibility of the system." - Milton and Rose Friedman ■ "No nation was ever ruined by trade." - Benjamin Franklin ■ "To cherish peace and friendly intercourse with all nations having correspondent dispositions" - James Madison ■ "The freedom to buy, sell, and trade is one of the oldest freedoms known to man." - Margaret Thatcher ■ The idea that someone can't be both a good American and also a good citizen of the world is as preposterous as the idea one cannot be both a good Iowan and a good American, or a good Chicagoan and a good American. Most of the virtues to being a good citizen are non-rivalrous -- from the local to the regional to the national to the global. Anyone who can't think of themselves as belonging to more than one community of human beings simply lacks imagination.
China's foreign minister drops passive-aggressive commentary about "external powers" and complaining that "there are certain external powers who are unwilling to accept the stability in the South China Sea and always want to stir up trouble". He is, of course, talking about the United States. And he's talking about a place where his own country is building artificial islands to create artificial claims to territory. Singapore's long-time leader Lee Kuan Yew said it pretty clearly: "As China's development nears the point when it will have enough weight to elbow its way into the region, it will make a fateful decision -- whether to be a hegemon, using its economic and military weight to create a sphere of influence...or to continue as a good international citizen...It is in everyone's interest that before that moment of choice arrives, China should be given every incentive to choose international cooperation which will absorb its energies constructively for another 50 to 100 years."
Would any of us learn?
One might wonder
A 25% tax on imported steel and 10% on imported aluminum. Arbitrary, capricious, untargeted tariffs on basic raw materials used disproportionately in heavy construction? That's a pretty stupid way to address the need for infrastructure investment (that we badly need). It's also a terrible way to behave when we have a massive Federal budget deficit. It's a very simple fact that net imports don't actually hurt GDP -- we produce the same amount with or without the imports, we just don't want to count them as things we create.
Very, very funny: "I'm an incredibly verbose piece of journalism that your boss, your coworkers, and your most Twitter-annoying friend have already spread all over social media with the comment 'This.'"
It is possible to do things that put many Americans on pathways to better economic futures that don't involve starting trade wars. Tariffs usually end up as false promises that make lots of things worse while failing to fix what they're supposed to help. "Trade war" sounds a lot more decisive than "updated and reinvigorated trade and technology adjustment assistance", but the latter is really where we ought to be putting a sustained focus. Either we're developing our human capital or we're not. But if we aren't, then we shouldn't expect a rising standard of living. And if we're trying but failing, then we need to urgently reconsider how we're doing it.
The President's utterly preposterous claim that tariffs can be applied "lovingly" is answered by the European counterargument that they, too, can do stupid policy.
It's for her failure as a civil leader to stop the murders of the Rohingya. Sometimes the only thing we can do is remind people that the judgment of history will be passed on us all, and hope that maybe the desire to be remembered favorably is enough to get someone to do the right thing. It's one of the most important reasons why we have to study history and treat it as important.
Gorgeous art, really
They're looking to build lots of naval bases all over the Indian and Pacific Oceans
One of the reasons why the DC metro area is almost certainly one of the top two contenders for the Amazon HQ2 project: Government matters more than ever to Amazon's future. Proximity to your target matters.
They had a pretty big sales drop in 2017
The number of voters who cast ballots in one Des Moines suburb on the sales-tax vote could have fit in a single Suburban
What we wouldn't give to hear one of his opening monologues to "Wall Street Week" today