A Six-Step Program for Fiscally Conservative Social Liberals

A few years ago, the esteemed Chuck McGlawn argued against the temptation for libertarians to let someone pigeonhole our beliefs as being fiscally conservative and socially liberal. I do like his framing and also agree that it is important not to fall into the trap of letting our rather arcane and arbitrary two-party system dictate… Continue reading A Six-Step Program for Fiscally Conservative Social Liberals

Is ‘First Past the Post’ the Fairest Voting System? Why?

No, because plurality severely underrepresents minority viewpoints (gives them no voice at all), and even a majority viewpoint can be underrepresented if that side of the political spectrum simply runs more candidates, thus splitting the vote (i.e., the spoiler effect). For example, Nader acting as a spoiler for Gore in Florida 2000 and Jorgensen arguably… Continue reading Is ‘First Past the Post’ the Fairest Voting System? Why?

How Trustworthy Is Media Bias / Fact Check?

For the past several years, I’ve looked far and wide for good ratings of media sources. Media Bias / Fact Check (MB/FC) is the best one I’ve been able to find. Indeed, every criticism of MB/FC that I have ever seen fails to mention a media assessment source that is better! That says it all… Continue reading How Trustworthy Is Media Bias / Fact Check?

Why Did the Fed Lower Interest Rates If the U.S. Economy Is Doing Well?

There are three prevailing theories: 1) insurance 2) political pressure 3) market pressure. Regarding the first theory, Fed chair Jerome Powell may be trying to pull off what Greenspan did in 1995 and 1998. Powell has characterized both the rate cut in July and the most recent one in September as “insurance.” What he means… Continue reading Why Did the Fed Lower Interest Rates If the U.S. Economy Is Doing Well?

What Does It Mean When “The Monetary Authority Is Financing the Fiscal Authority”?

The fiscal authority is Congress (along with the president), which passes budgets regarding federal taxation and expenditures. In economics, these types of actions are called fiscal policy, which means Congress is the fiscal authority. Tax cuts and increased spending can stimulate an economy to fight unemployment, and the opposite actions can cool it down to… Continue reading What Does It Mean When “The Monetary Authority Is Financing the Fiscal Authority”?