Archive for the ‘Why I am not a libertarian’ Category

It’s getting warmer

Wednesday, April 9th, 2008

We’re less than halfway into April here in Taipei and it’s already time to put away the sweaters. In fact, it was already so warm and saturated with humidity today that I felt ready to keel over right over the bar in El Toro 20 minutes into my shift.

I was never so glad to see the first customers of the night walk through the door. The owner of El Toro, with reluctance, turned the air conditioning up to full blast. They’ll probably stay on all summer long — as long as there are customers in the restaurant. Meanwhile, the mercury is going to inexorably creep upwards until it hits a plateau around the mid to high nineties and stay there, seemingly forever.

This doesn’t make the owner happy. The current administration in Taiwan, in a craven bid to pander to voters, have put in temporary freezes in the price of gas and energy. But those price controls will eventually have to go, and Taiwan is steeling itself for a steep utilities price hike in the coming months that will undoubtedly be felt keenly by a populace already suffering through an economic downturn.

“If our utilities were $10,000NT (roughly $330USD)a month last summer, it might go up to as high as $14,000NT this year…” said Chef Charlie. The owner said nothing but furrowed her brows.

“Good,” I thought to myself, diplomatically not voicing that thought… (more…)

Fannie’s follies, Freddie’s foibles

Thursday, March 13th, 2008

In my post, After Greed comes Fear, I excoriated the role of the unregulated market in the current sub-prime mess we’re in. Quasibill cried foul, pointing out quite rightly that the whole concept of mortgage-backed securities started off with Fannie Mae, Freddie Mac and all the rest of those cutely acronym-portmanteau-ed government-sponsored enterprises. To quote ‘Bill directly, “to lay this turd at the feet of “unregulated markets” has the causation entirely backwards.”

My response? I both agree with ‘Bill, and I stand by my post. It is possible for there to be both simultaneously too much government influence AND too little regulation. Read on… (more…)

The Rats of El Toro

Monday, March 3rd, 2008

David Z of No Third Solutions wonders why, if I am such an adamant street-food libertarian, I won’t see the injustice of government oppression in general and let the scales fall from my big-fat statist eyes.

(more…)