Author Archive: Glenn Reynolds

HMM: Why Cutting IRS Funding Is Not Conservative. “However, defunding and weakening the IRS is not conservative. To the contrary, it will ultimately drive up deficits and raise middle-class taxes.”

That’s first-order thinking. Second order thinking notes that the IRS has been politicized and lawbreaking for over a decade, and that agencies care about their budgets.

Of course, third-order thinking would cut the budgets in ways that specifically cause pain to agency administrators.

THOUGHTS ON BRITAIN’S CULTURAL AND ECONOMIC STAGNATION:

There have been many pieces written on UK’s economic stagnation and people have identified a bunch of material reasons for it: from an ageing population, to limited housing supply. But if you believe at all in the power of the zeitgeist, I’m here to offer another (complementary) diagnosis for what is happening now. The spirit of stagnation is in the air.

When I first arrived in Oxford, I was surprised by how many of my (well off) colleagues’ parents were retired in their 50s. There is much less of the hunger for success seen in young Americans: it seems the dream here is in many ways to retreat to a cozy life in your middle age, living off some property investments.

The stiff upper lip is a British characteristic that served the nation well in WWII. But in peacetime the stiff upper lip is more like a bridle or halter. In fact, the genius of the British ruling class in the postwar era was to take various instruments of social control — the NHS, the BBC, uncomplaining suffering, etc. — and turn them into emblems of national pride.

BRYAN CAPLAN: Resolve to be a Nonconformist. “Stop worrying about what’s popular. Stop worrying about what strangers think. Live your life the way you think best.”

Let me add that — as we saw during the Covid madness — nonconformists help protect freedom by raising the cost of enforcing conformity. And they provide that particular benefit, even when they’re wrong about the particular issue. Though things being as they are, they’re often right.

OPEN THREAD: Ring in the New Year.

IS THIS REALLY A NEW CHALLENGE, OR EVIDENCE THAT COVID WASN’T ONE? The Rise of “Long Flu” – A New Health Challenge Similar to Long COVID. Long-term sequelae of flu aren’t new. I lost much of my sense of smell for years after having flu at age 12.

Plus, note this about the overhyped lethality of Covid: “During the overall 18-month study period, patients who had COVID-19 faced a 50% higher risk of death than those with seasonal influenza.” So the “it’s a bad flu” argument appears to have carried the day.

JUSTICE: “If you, like me, think that the January 6th defendants have often been overcharged for merely entering the Capitol building, then you should be watching this case. The Supreme Court has just granted cert to an appeal by Joseph Fischer, who was charged with obstructing an official proceeding of Congress and thus faces a severe sentence. The charges are based on a law passed in the early aughts (2002). Those charges are based solely on his trespass and not on any violence or destruction.”

OUT NEXT WEEK FROM KURT SCHLICHTER: The Attack. An October 7 style attack in the United States? It could happen. (Bumped).

TYLER COWEN ON HARVARD:

Harvard, upon closer examination, seems to have a quite mediocre governing board. I believe there are a few exceptions on the list of names, but nonetheless I see a lot of evidence for a critical mass of poor decision-makers, many of them also lacking in courage. Furthermore, they are bad at the things they are supposed to be good at.

Just as Harvard has many of the best faculty, and many of the best students, I had expected the school would have a super-distinguished and super-competent board, even if it was a board I might have disagreed with on many key issues. I had never looked at the Harvard board before. So I was naive. But in fact the board of “the Corporation” is a big, big disappointment (WSJ), relative to the rest of the institution. Harvard seems to do best when the relevant decisions are not being made by the governing board. More fundamentally, viewed as a political economy problem, I don’t see which are the institutions or incentives in place to make the board really, really good, as it ought to be. Nope.

Most of our institutions seem to be like this nowadays.

KEEP UP THE SCARE: DEI programs in the tech industry are in broad retreat. “CNBC notes not only cuts, but also scaling back of hiring: ‘By mid-2023, DEI-related job postings had declined 44% from the same time a year prior…. In November 2023, the last full month for which data was available, it dropped 23% year over year.'”