Wednesday, August 2, 2023

The First and Second Singer

Agenda. Are the democrat economic policies 'agendas as patching a hole in the roof is an 'agenda.?

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These new indictments are strange, and possibly scary. The charge seems to be that Trump lied in his claims that the 2020 election was tampered with. His opinion is being criminalized and the charges seem to hinge on what he was thinking. 
These politicians have no interest in the integrity of the country.

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Volunteers and Kiski Township officials are continuing their efforts to safely locate, trap and relocate an alligator spotted multiple times over the weekend along the Kiski River.

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The First and Second Singer

The SCOTUS ruling against the student loan forgiveness executive act quoted Nancy Pelosi's objection to it as a usurpation of legislative responsibility.

"People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress.”--Pelosi

According to ancient legend, a Roman emperor was asked to judge a singing contest between two participants. After hearing the first contestant, the emperor gave the prize to the second on the assumption that the second could be no worse than the first. Of course, this assumption could have been wrong; the second singer might have been worse. The theory of market failure committed the same mistake as the emperor. Demonstrating that the market economy failed to live up to the ideals of general competitive equilibrium was one thing, but to gleefully assert that public action could costlessly correct the failure was quite another matter. Unfortunately, much analytical work proceeded in such a manner. Many scholars burst the bubble of this romantic vision of the political sector during the 1960s. But it was [James] Buchanan and Gordon Tullock who deserve the credit for shifting scholarly focus.--Peter Boettke

I don't quite get the Buchanan public-choice distinction, but this is a good paragraph.

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