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Tuesday, January 09, 2007
Thomas Sowell :: Townhall.com Columnist
Random thoughts
by Thomas Sowell
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Will the Dems' health care Christmas Present to America be an improvement or detriment to our health care system?


The next time somebody says that the government is forced to intervene in the economy to protect the poor, ask why the government is forcing taxpayers to subsidize municipal golf courses, the ballet, opera and -- the biggest subsidy of all -- surrounding affluent communities with vast amounts of expensive "open space."

Some days I don't seem to have much energy. Perhaps worse yet, I don't particularly want much energy.

One of the scariest aspects of our times is how easy it is for glib loudmouths to turn us against each other, weakening the whole framework of society, on which we all depend.

Despite the shameless propaganda of the environmentalist zealots about the loss of animal habitat, more than 90 percent of the land in the United States is undeveloped. Animals already have vastly more habitat than human beings have. How much is enough?

As much as I have enjoyed traveling, the older I get the sooner I become homesick.

The Detroit "big three" top automobile manufacturers in America have already become the "big two," as Toyota replaced DaimlerChrysler as the third largest seller of cars in the United States. An internal memo from the Ford Motor Company indicates that they expect Toyota to replace them in the number two spot.

It is hard to think of any word that has confused more issues than the word "rights." Nowadays, almost anything that anybody wants is called a "right" -- a magic word that does away with the need for evidence, logic or even common sense.

Many of the same people who are urging us to get out of Iraq are also urging us to go into Darfur. They say we should "do something" about the murderous horrors in Darfur. But you cannot simply "do something." You have to do something specific. Those who are urging intervention won't take the responsibility for specifying what we are to do -- and at what cost in American lives.

Compact disks are especially valuable to people who listen to classical music. Through CDs, they can now enjoy the music without having to watch the antics and rituals of classical concerts.

We can only hope that the rumor that Israel is going to take out Iran's nuclear weapons facilities is true. If they do, Israel will be widely condemned by governments that are breathing a sigh of relief that they did.

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About The Author
Thomas Sowell is a senior fellow at the Hoover Institute and author of The Housing Boom and Bust.
 
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Check out http://www.mormoncentury.org for sociopolitical commentary in a context of rationality and faith.

para_dimz needs an economics lesson.
"The price of oil just went to the lowest since summer 2005. Did you notice it at the pump?" by para_dimz is a demonstration of a complete lack of understanding of simple economic principles. What does the cost of oil have to do with the price of gasoline? The answer is nothing. The cost of oil is determined by the equipment and labor required to find, extract, and bring to market that oil. The price of gasoline is and should be determined by the relationship of the supply and demand for gasoline. If the government were to begin regulating oil and limiting the price that oil companies could charge, the artificially low price would result in excessive consumption and a shortage of gasoline. Another bad side effect of artificially keeping gas prices low would be a lack of research into alternative energy sources since there would be no economic incentive to develop these. We only need to look at telecommunications, the airline industry, farm subsidies, and rent control to see that price controls and industry regulation ultimately result in lower available quantities for all. I am often amazed at the people who call for government intervention when companies begin to reap the benefits (profits) of their business. Would they be just as willing to subsidize these companies in their bad years? Unfortunately, para_dimz is more the example of America's understanding of economics than he is the exception. One of the biggest problems with America today is that most people don't understand basic, very basic, ecomomic principles and vote to enact legislation that is counter to these principles. Like the laws of physics, the laws of economics do not respond to legislation - you cannot repeal the law of gravity nor Adam Smith's invisible hand. The sad part is we all suffer while those same people try to figure out what went wrong.
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