Month: April 2012

A Nation of Riches

America is a rich nation, despite its many problems and challenges, many, such as war adventurism, the product of hubris born of our success. Many elements contribute to our riches, but overwhelmingly toping the list are the people who have come here to live in freedom and with the opportunity to achieve their ambitions with hard work and a bit of luck.  “Eternal vigilantes” is the price we must pay to preserve the institutions and attitudes that help defend our way of life from those who want to run them for us.

We are rich in many ways. We are rich in our neighborliness toward our fellow man (we are the largest charity givers in the world), born in part by our gratitude for the respect for our persons and property shown to us by our neighbors. We are rich in the diversity with which we are able to live and conduct our lives, within the domain of mutual self-respect.

Our fellow citizens have come from all over the world. They are self-selected by their desire to be free and to work hard. And they bring with them those elements of their cultures that have enriched their lives in their home countries.

I shared in and enjoyed some of that richness last night at a concert by the Washington Balalaika Society featuring Olga Orlovskaya (soprano) at a local Presbyterian Church. The WBS (www.balalaika.org) is dedicated to performing traditional Russian music with Russian folk instruments (Balalaika, dombra, bayan). Olga Orlovskaya is a great granddaughter of Fyodor Chaliapin, the greatest Russian opera singer of the 20th century. Of the dozens and dozens of concerts and plays to choice from in the Washington area last night (or most any night) my Russian friend Andrei Makarov convinced me to attend this one and what a treat it was. America is indeed a rich country.

The Hutchinson Lecture at the Universtiy of Delaware

Tuesday (April 17) I spent an enjoyable day in Newark, Delaware as the guest of the Economics Department of the University of Delaware. My afternoon, more technical, lecture to the graduate students and faculty covered my proposal for the reform of the international monetary system: http://works.bepress.com/warren_coats/25/

My evening lecture, this year’s Hutchinson Lecture, is reviewed here by the U. of Delaware newspaper (in which there is also a link providing background on the Hutchinson Lecture): http://www.udel.edu/udaily/2012/apr/HutchinsonLecture042012.html.

The War on Drugs

Like most of our elected wars, the war on drugs is producing more costs than benefits. In the United States, those drugs that were around for the last one to two hundred years have been legal at times and illegal at other times. There was no significant difference in the recorded use of these drugs when they were legal and when they were not (the data has to be rather sketchy, however). So there has been no measurable benefit.

The costs of outlawing drugs, however, have been enormous. The large expenditures on police, armies, courts, jails are nothing compared with the costs to society (on both sides of our Southern border) of creating the large criminal industry that grows, refines, transports, and markets these drugs and the lawlessness that accompanies it. Over the last thirty years 50,000 deaths have been attributed to drug related violence in Mexico alone. The Presidents of Colombia, Guatemala and Mexico are all now calling for a reconsideration of this war as an effective approach to dealing with the harm of some of these drugs.

http://www.washingtonpost.com/world/the_americas/latin-american-countries-pursue-alternatives-to-us-drug-war/2012/04/10/gIQAFPEe7S_story.html

As George Will puts it:  http://www.washingtonpost.com/opinions/should-the-us-legalize-hard-drugs/2012/04/11/gIQAX95QBT_story.html?wprss=rss_todays-opeds

Another good article in the Washington Post: http://www.washingtonpost.com/opinions/from-latin-america-a-new-strategy-in-the-war-on-drugs/2012/04/12/gIQAowenDT_story.html

Marijuana should be regulated like tobacco and cocaine and opium should be regulated like alcohol. We seem to be moving in the right direction on this issue but too slowly.

The Trayvon Martin Tragedy continues

The Trayvon Martin – George Zimmerman story has a way to run.  Every day seems to bring something new. Last week’s doctoring of audio tapes between Zimmerman and the 911 dispatcher aired by NBC (http://www.washingtonpost.com/blogs/erik-wemple/post/nbc-to-do-internal-investigation-on-zimmerman-segment/2012/03/31/gIQAc4HhnS_blog.html?hpid=z6 ) are now under internal investigation by NBC (a once reputable news source).

Yesterday David Franke passed along the following article by friend Walter Williams and his own observations that:

“Walter Williams is SO good!

“Right now we are witnessing the biggest lynch mob in the U.S. since the heyday of the Ku Klux Klan.  I refer to the mob out to lynch that “white” hispanic, Zimmerman.  This is a lynch mob made up of “black leaders” and MSNBC white-as-white-bread liberals.

“I have no idea whether Zimmerman is guilty or not, but I am willing to wait and let the police and courts and lawyers on both sides—and a jury, no doubt–go through the process of determining that.  And then, based on the evidence, I might venture whether I agree or disagree with the jury and the authorities.

“Not this lynch mob, however.  They KNOW who is guilty, and don’t confuse them with any facts or due process. “

http://www.lewrockwell.com/williams-w/w-williams117.html

The Trayvon Martin Tragedy

The shooting death of an unarmed black boy, Trayvon Martin, in the Florida town of Sanford, by a white Hispanic neighborhood watch volunteer, George Zimmerman, has raised many questions and issues. The positive side of this tragedy for me is that almost everyone wants to know the truth of what happened and to proceed from there. Moreover, our system of justice has procedures and mechanisms that maximize the prospects of uncovering and sorting out the truth from what is still a very confused mix of partial facts and assertions by interested parties (the friends and parents of Trayvon and of George).

When Trayvon’s death first rose to national attention, everyone’s initial reaction was colored by his or her personal biases (“priors”). If you are black, you initially and immediately accepted the outrage of Trayvon’s parents at the failure of the police to arrest the shooter of their unarmed son. If you are one of George’s friends you immediately accepted George’s claim of self-defense (the somewhat later revealed claim that he had been attached and beaten by Trayvon and fired in self-defense).

For most of the rest of us, the fact that Trayvon’s pictures depict him as a handsome, smiling, friendly youth (looking, as President Obama ill advisedly claimed, much like his own son would if he had one), while Zimmerman’s pictures depict him as, well, more or less the opposite, activated a bias toward beauty.  Because Russian President Putin (and even more so outgoing President Medvedev) is handsome and fit, we assume he must be a better guy than fat and ugly Nikita Khrushchev (I just reviewed Khrushchev’s picture for the first time in many years and he actually isn’t THAT ugly). Because Israel’s Prime Minister, Benjamin Netanyahu, is handsome and speaks excellent American English, we assume that he must be right and good for Israel (despite all the evident to the contrary).

These are natural biases. We shouldn’t pretend that they don’t exist. What is important is that we can move beyond them when faced with contrary evidence. As allegations from each side of the Stanford tragedy (everyone agrees that it was a tragedy) along with bits of actual evidence accumulate, what seemed clear in the beginning to each of us (depending on where we started – i.e., our biases) becomes less clear. Trayvon’s past is not spotless. Did Zimmerman have blood on his cloths from being beaten by Trayvon as he claims (a surveillance video when he was taken into custody suggests not)? Whose voice was it shouting on the 911 recording (not Zimmerman’s according to two unofficial expert analyses)? ETC. ETC. With the passage of time and the collection of and vetting of more facts, the truth should clarify and emerge.

The positive side of the sad story is that virtually everyone outside of the immediate families genuinely wants to know the truth of what really happened. Hometown power figures have always been more able to bend our rules and procedures of justice to their interests than others but not without limit. Those limits in many ways have grown tighter. In this case, a southern town is bending over backward (after a slow start) to be and to appear to be fair. I suspect it would have been different fifty or a hundred years ago. Public opinion (i.e., our priors –biases), an important foundation of our conception of justice, has changed for the better.

I have no doubt that we will eventually know the truth of that night as fully as it is possible to know it.