- Senator Harkin wants to put a tax on stock sales. If he's trying to put the brakes on ultra-high-frequency trading, there might be a case to be made for it. But the way this story is being reported, it just sounds like yet another bit of discrimination against capital that has become all too familiar from Washington lately.
- The sequester is underway, and we need to stop outsourcing all of our decisions. We have to make some hard choices, and hoping that someone else will take the keys and drive isn't how we run a democracy.
- The Swiss want government limits on executive pay. I'm entirely in favor of putting limits on executive pay, but only as a shareholder choice. It's no business of government to interfere with the process. What's next, government setting prices on the products the companies sell? It's a very short jump from setting prices for executive labor to setting prices for what's sold in stores. Again, this is no defense of exorbitant executive pay...but that's shareholders' decision to make, not government's.