Taxpayers’ Future in Wisconsin Vote

by Chidem Kurdas Wisconsin governor Scott Walker is in the extremely unusual position of facing a recall vote less than two years after he was elected in 2010. The recall is orchestrated by unions that have gone all out to reverse his valiant effort to contain the growth in state and local spending. This vote … Continue reading Taxpayers’ Future in Wisconsin Vote

Oil Price Politics Implication

by Chidem Kurdas My previous post about government restrictions on oil and gasoline transportation drew comments saying prices are set in a world  market and the effect of United States policy is negligible. Numerous economic and geopolitical forces influence the price of oil, no question. That does not change the fact that the Jones Act … Continue reading Oil Price Politics Implication

Politics of Oil Prices

by Chidem Kurdas Oil from North Dakota is selling at a record discount, according to a March 1st news item in the local paper, the Bismarck Tribune.   By contrast, here in New York gasoline prices are near record highs. Between North Dakota and New York are thousands of miles but more crucially standing between us is … Continue reading Politics of Oil Prices

Russian Lesson on Term Limits

by Chidem Kurdas The point of term limits is to prevent the buildup of political power by one person or group. In Russia’s ersatz version, Vladimir Putin merrily plays revolving door with his protégé Dmitry Medvedev. Mr. Putin may win the election on March 4th despite the persistent protests sparked by his latest round of musical chairs with … Continue reading Russian Lesson on Term Limits

M. Friedman Goes to Washington

by Chidem Kurdas Early in his career, long before he became a Nobel prizewinner and the household name for free market economist, Milton Friedman worked for the US Treasury. The following anecdote is from his 1998 memoir with his wife Rose, Two Lucky People.  This revealing example of how public officials operate illustrates, in Friedman’s words, … Continue reading M. Friedman Goes to Washington

Primaries, Public Interest and Angels

by Chidem Kurdas The Republican primaries have been all-out fights, with a series of contenders showing strength in polls and challenging the establishment favorite Mitt Romney, only to fall back after the initial success. Newt Gingrich is the latest to rise and, after his loss in the Florida primary, presumably to fall. It is not … Continue reading Primaries, Public Interest and Angels

Why Public Policy Is Inconsistent

by Chidem Kurdas Jamie Dimon, the chief executive of JP Morgan Chase, says regulatory policy is working against economic recovery and as such is contradictory. His complaint is about the new bank rules, but in fact government actions in myriad areas are at odds with each other. Consistency does not appear to be an object in … Continue reading Why Public Policy Is Inconsistent