Quotulatiousness

December 4, 2013

The essential unseriousness of the Chong parliamentary reform debate

Filed under: Cancon, Humour, Politics — Tags: , — Nicholas @ 17:04

Prescription contraceptives

Filed under: Business, Law, Religion, USA — Tags: , , , , — Nicholas @ 09:31

Shikha Dalmia argues that the fight over forcing companies to cover contraceptive prescriptions is based on a mistaken view of women’s rights:

The administration argues that acquiescing to such arguments would mean allowing bosses or corporate CEOs to restrict women’s choices to promote their own religious beliefs. “Our policy is designed to ensure that health care decisions are made between a woman and her doctor,” noted White House spokesman Jay Carney. But it’s not bosses who pose the bigger barrier to birth control but doctors themselves.

The only reason American women need insurance coverage for contraception is because they can’t buy birth control pills without a prescription — which doctors won’t hand them without an annual exam. Few dispute anymore — not even the American College of Obstetricians and Gynecologists — that the pills are perfectly safe requiring neither a medical diagnosis nor supervision. They have side effects like every other medicine but none so serious that can’t be effectively communicated through the usual warning labels. Requiring a medical exam assumes that women can’t be completely trusted with their own health. But such paternalism is counterproductive: Most women who stop taking pills don’t do so because they can’t afford them without insurance. (A one-month generic supply from Costco costs $25.) They do so because they can’t always make the time for a doctor’s visit when their prescription runs out. This problem is especially acute for working women — professional or others.

The birth control issue shouldn’t be cast in terms women’s rights versus religious rights. That’ll turn it into a lose-lose proposition. Medical paternalism is a far bigger threat to women’s reproductive choices than religious zealotry. Focusing on the first will do more to give women control over their bodies — including the female employees of Hobby Lobby — than a pitched battle against the second.

The rising tide of “isolationism”

Filed under: Liberty, Media, Politics, USA — Tags: , , — Nicholas @ 08:23

Justin Raimondo on the irritating-to-pundits-and-politicians increase in what they mis-characterize as isolationism:

For years the Pew folks have been yelping about “isolationism.” They’ve been telling us it’s on the march — except among the elites — with the strong implication being that this is not a Good Thing. But do they know what the heck they’re talking about?

One has to wonder what extending peaceful commercial links with other nations has in common with invading them, meddling in their internal politics, or otherwise bullying them around. Indeed, establishing voluntary non-coercive relations with other nations — otherwise known as international trade — is the polar opposite of military and/or political intervention in their affairs. The American people know this. The Pew folks — not so much.

The bias of the Pew Center is evident in every line of the report, and also in its structure: the Pew Poll is really two polls, one a survey of the hoi polloi (you and I), the other a poll of members of the “internationalist” Council on Foreign Relations (CFR), the elite foreign policy group founded by Elihu Root and dominated by the Morgan banking interests from the get-go. The gulf between us plebeians and the Very Serious People in Washington (and New York) has been growing for years, but today it is a vast chasm: The CFR types are aghast at the “isolationism” of the rest of us, and ascribe to this various causes: “war fatigue,” the costs — and of course our narrow plebeian “isolationist” anti-cosmopolitan country-bumpkin outlook.

While 51 percent of normal Americans say we’re pushing our weight around far too much, the exact opposite opinion is held by the Washington-New York know-it-alls: “By contrast, about twice as many CFR members say the US does too little internationally as say it does too much (41% vs. 21%); 35% say the US does the right amount.” While us Normals were overwhelmingly opposed to US intervention in Syria, the CFR’ers were for it 2-to-1. Yes, they’re wrong about practically everything, including what it means to be an “isolationist” — a creature that has never existed and could not exist outside of North Korea.

[…]

The political class in this country has a far different view of commercial relations between nations than the Average American. To the latter, it is simply Good Old American Free Enterprise, albeit engaged in overseas. The former are not so naïve: they realize it is all about buying political influence, and, failing that, using the US military to guarantee the safety, security, and profitability of American investments abroad.

Viewed through this lens, American foreign policy since 1890 takes on a whole new dimension, which Rothbard’s Wall Street, Banks, and American Foreign Policy reveals in scintillating detail. The One Percent have been utilizing the US military as their private security force ever since that time: indeed, every war we have fought — yes, including the Good War — was fulsomely supported by the economic elite and their journalistic camarilla against the overwhelming desire of the American people to stay out. The political class has deliberately conflated commercial contacts with military and political intervention into the affairs of other nations — because, for them, the two are synonymous.

According to the mindset of the Pew Center and their good buddies at the CFR, “isolationism” has to mean commercial isolation. While this may puzzle the average person, look at it from the perspective of a professional thief: without the threat of US sanctions and the ultimate bludgeon of US military intervention, how else will the big banksters and their sycophants enforce a “world order” that exists so they can make a fast buck off the sweat of Chinese coolies, Eurasian oil workers, and Mexican maquiladores?

Apple iPhone pricing in different markets

Filed under: Economics, Technology — Tags: , , , — Nicholas @ 08:06

In Forbes, Tim Worstall explains a misunderstanding of Ricardo’s Iron Law of One Price on the part of the Guardian:

This is a fun little bit of data calculation and visualisation. It’s a database and then mapping of the global price list for Apple’s iPhone 5s. And there are two interesting ways of using it. The first is simply to look at how prices differ around the world:

iPhone price mapYou can do this in USD or GBP as you wish. And this can be used to explore the violations of Ricardo’s Iron Law of One Price. Which is where David Ricardo insisted that the prices of traded goods would inevitably move to being equal all over the world. Well, equal minus the transport costs of getting them around the world. And transport costs for an iPhone are trivial: it would be amazing if Apple were paying more than a couple of dollars to airfreight one to anywhere at all. So, we would expect prices to be the same everywhere: but they obviously are not.

[…]

However, when The Guardian reports on this something appears to go wrong. Not their fault I suppose, it’s about economics and lefties never really do get that subject. But here:

    Similar to the way the Economist tracks the cost of the ubiquitous McDonalds burger across countries, nations and states, Mobile Unlocked tracked the price of the iPhone 5S across 47 countries in native currencies with native sales tax, and then converted those prices into US dollars (USD) or British pounds (GBP).

No … the Big Mac Index operates entirely and exactly the other way around. We need to make the distinction between traded goods and non-traded goods. The Iron Law only works on traded goods. What we’re trying to find out with PPP calculations is what are the price differentials of non-traded goods? Which is why the Big Mac is used. It is (supposedly at least) exactly the same all over the world. It is also made almost entirely from local produce bought at the local price in local markets. US Big Macs use American beef, Argentine ones Argentine and so on. So we get to see the impact of local prices on the same product worldwide. That’s what we’re actually attempting with that Big Mac Index. The Economist then goes on to compare the prices of this non-traded good with exchange rates and attempt to work out whether the exchange rates are correct or not.

This is entirely different from using the price of a traded good to measure local price variations. For what we’re going to be measuring here is what interventions there are into stopping the Iron Law working, not what local price levels are.

QotD: A nation of shopkeepers

Filed under: Britain, Economics, Quotations — Tags: , , — Nicholas @ 07:44

When Napoleon called us “une nation de boutiquiers”, a nation of shopkeepers, he meant to insult us. Down the centuries, many Continentals have disparaged what they see as the soulless money-grubbing of the English-speaking peoples. Fascists and communists used remarkably similar language when they attacked “decadent Anglo-Saxon capitalism” — though, happily for the human race, it turned out not to be in decay at all.

It’s true that there was always a countervailing Anglophile tendency: Voltaire and Montesquieu, among others, admired us precisely because of our individualistic, mercantile, libertarian ways. But the idea that we “Anglo-Saxons” are too materialistic has never entirely gone away.

The phrase “Anglo-Saxons”, in this sense, is of course economic rather than racial. When the French talk of “les anglo-saxons” or the Spanish of “los anglosajones,” they don’t mean descendants of Æthelwulf or Oswine. They mean people who speak English and believe in small government, whether in Kowloon, Killarney or Kaukapakapa.

A nation of shopkeepers? Sounds good to me. What would you rather have? A nation of generals? Of civil servants? Of monks? Small employers are the greatest heroes we produce, and their heroism is all the greater for being unappreciated, unacknowledged, unthanked.

Daniel Hannan, “Shopkeepers have done more for human happiness than generals, statesmen or kings “, Telegraph, 2013-12-03

Powered by WordPress