Weekend Links
- The Democrats’ ingenious plan to disguise the true cost of their health care bills.
- The health care legislation moving through Congress could increase young adults’ premiums by 100 percent.
- Why raising taxes won’t fix the deficit. Just look at California. And Rhode Island. And New York.
- “What profiteth a political party if it gains congressional seats but loseth its soul?” —Michael D. Tanner (Yes, he’s referring to Republicans.)
- Here we go again: The No Child Left Behind Act is up for renewal.
- Podcast: “Ayn Rand’s Affinities and Animosities“
Tuesday Links
- Three cheers for divided government: “Since the start of the Cold War, we’ve had only a dozen years of real fiscal restraint” …And all of them occurred when the White House and Congress were held by opposite parties.
- Well here’s an idea: Only pay for health care that works.
- The case against tort reform in health care.
- Video: The authors of two new Ayn Rand biographies discuss their work and research.
- Podcast: “Ayn Rand and the World She Made“
History Fun Fact: Ayn Rand Liked Ed Tax Credits
Many thanks to Lisa Snell at Reason for bringing this interesting historical fun fact from 1973 to light: Ayn Rand was a fan of education tax credits:
In the face of such evidence, one would expect the government’s performance in the field of education to be questioned, at the least, [but] the growing failures of the educational establishment are followed by the appropriation of larger and larger sums. There is, however, a practical alternative: tax credits for education.
The essentials of the idea (in my version) are as follows: an individual citizen would be given tax credits for the money he spends on education, whether his own education, his children’s, or any person’s he wants to put through a bona fide school of his own choice (including primary, secondary, and higher education).
Rand’s support for credits is interesting for a number of reasons, not least the fact that she explicitly endorses credits, not vouchers. I’ve had numerous and largely fruitless arguments over which policy is most “free-market” or least distorting. To me it is obvious that credits are the most “free-market” education reform. Now I can skip the arguments and yell, “Ayn Rand!”
Rand’s essay also highlights the fact that education tax credits were, throughout the 1970s and 1980s, the most prominent private school policy on the scene. Federal tax credits were a live issue under Nixon and Carter. Ronald Reagan and the Republican Party gave strong and explicit support for education tax credits throughout the 1980’s – with tax credits, but not vouchers, mentioned specifically in the Republican Party platforms of 1980, 1984, and 1988.
The largely forgotten history of education tax credits . . . interesting . . .
Talking about Ayn Rand
Two new books about Ayn Rand are just hitting the bookstores: Ayn Rand and the World She Made, by Anne C. Heller, and Goddess of the Market: Ayn Rand and the American Right, by Jennifer Burns.
As Janet Maslin writes in the New York Times, reviewing the two books, the 1970s were “one Rand moment. This seems to be another.” Brian Doherty, historian of libertarianism, agrees. Sales of The Fountainhead are soaring in India. The chairman of BB&T was inspired by her work to renounce lending to eminent-domain projects and to spread her ideas in schools and colleges. She’s being blamed for the financial crisis on government TV, but the takeovers and bailouts have caused sales of Atlas Shrugged to soar.
Both the books are getting good reviews, though reviewers have varying perspectives on the subject of the bios. Rand has been denounced in the New Republic (yet again), and defended against TNR’s criticisms by our own Will Wilkinson. Embattled governor Mark Sanford declares her prophetic in Newsweek. New York magazine calls her “Mrs. Logic,” not without irony. Caroline Baum of Bloomberg says Rand would tell us to stop blaming capitalism for problems caused by regulation and cronyism. Conor Friedersdorf can’t believe how wrong Hendrik Hertzberg gets her in the New Yorker.
Find out for yourself next Wednesday when Burns and Heller speak at a Cato Book Forum, “The Life and Impact of Ayn Rand.” If you can’t get to Washington, watch it on the web.
Who Is John Gupta?
Apparently Ayn Rand’s popularity is growing on the subcontinent. For more on Rand’s resurgence, attend or watch online this Cato event next week.
(H/T: Josh Blackman.)
Filed under: International Economics and Development; Political Philosophy
What Caused Atlas Shrugged Sales to Soar?
Sales of Atlas Shrugged have risen sharply this year, and various observers from the Ayn Rand Institute to the Economist have attributed the jump to “uncanny similarities between the plot-line of the book and the events of our day,” in the words of ARI’s Yaron Brook. The Economist writes,
Whenever governments intervene in the market, in short, readers rush to buy Rand’s book. Why? The reason is explained by the name of a recently formed group on Facebook, the world’s biggest social-networking site: “Read the news today? It’s like ‘Atlas Shrugged’ is happening in real life”.
Brook told CNN:
“So many people see the parallels with actually what’s going on, with the government taking over the banks, with the government kind of taking over the automobile industry, a president who fires the CEO of a major American corporation. These are the kind of things that come out of ‘Atlas Shrugged.’ “
But is this story right? Do news headlines generate book sales? How did people who read about TARP or bank nationalizations know that those events were reminiscent of a novel published in 1957? Maybe their friends told them “It’s just like Atlas Shrugged,” and they ran out and bought the book.
Who’s Blogging about Cato
Here’s a few bloggers who are writing, citing and linking to Cato research and commentary:
- Blogging from the 2009 International Conference on Climate Change, The Foundry’s Nick Loris covers Patrick J. Michaels’s lecture on an EPA program that will “circumvent Congressional legislation to curb greenhouse gas emissions (GHGs) and regulate carbon dioxide.”
- Natch Greyes pens his thoughts on Thursday’s book forum featuring Patrick J. Michaels’s new book, Climate of Extremes: Global Warming Science They Don’t Want You to Know.
- Dan Kenitz cites an article by David Lampo on gun control.
- David Kirkpatrick links to Richard W. Rahn’s op-ed in The Washington Times about the increasing loss of liberty in the United Kingdom.
- Free-market energy blogger Robert Bradley, editor of Master Resource, cites Cato’s recognition of the women who launched the libertarian movement: Ayn Rand, Rose Wilder Lane and Isabel Paterson.
- Scott Horton 0f Anti-War Radio interviews Doug Bandow about relations between the US and China.
Let us know if you’re blogging about Cato by emailing cmoody@cato.org or drop us a line on Twitter @catoinstitute.
Filed under: Energy and Environment; Foreign Policy and National Security; General; Government and Politics
Week in Review: A Health Care Summit, School Choice and Ayn Rand
Obama Holds White House Health Care Summit
President Obama hosted almost 150 elected officials, doctors, patients, business owners, and insurers on Thursday for a White House forum on health care reform. The Washington Post reports Obama “reiterated his intention to press for legislation this year that dramatically expands insurance coverage, improves health care quality and reins in skyrocketing medical costs.”
Cato senior fellow Michael D. Tanner responds:
The Obama administration and its allies mainly seek greater government control over one-seventh of the U.S. economy and some of our most important, personal, and private decisions. They favor individual and employer mandates, increased insurance regulation, middle-class subsidies, and a government-run system in competition with private insurance. On the other side are those who seek free market reforms and more consumer-centered health care.
These differences are profound and important. They cannot and should not be papered over by easy talk of bipartisanship.
In a new article, Tanner explains why universal health care is not the best option for Americans seeking a better system:
If there is a lesson which U.S. policymakers can take from national health care systems around the world, it is not to follow the road to government-run national health care, but to increase consumer incentives and control.
To find out how the free market system can increase health care security, read University of Chicago professor John H. Cochrane’s new policy analysis, which explains how markets can “provide life-long, portable health security, while enhancing consumer choice and competition.”
Battle Over Washington DC School Choice Program Continues
Congressional Democrats are considering cutting the funding for a pilot education program that sends low-income children in Washington, D.C., to private schools through vouchers. The program serves as an example of how helpful school choice programs can be to children who are born into families that cannot afford to send them to good schools.
Adam Schaeffer, policy analyst at Cato’s Center for Educational Freedom, says even the mainstream media is on the side of school choice this time.
In a recent study, Andrew J. Coulson, director of Cato’s Center for Educational Freedom, demonstrates the superiority of market-based education over monopolies.
For comprehensive research on the effectiveness of charter schools, private schools, and voucher programs, read Herbert J. Walberg’s book, School Choice: The Findings.
Cato Celebrates Women’s History Month
The Cato Institute pays homage to three women during Women’s History Month who unabashedly defended individualism and free-market capitalism early in the 1940s — an age that widely considered American capitalism dead and socialism the future.
In 1943, Isabel Paterson, Rose Wilder Lane and Ayn Rand published three groundbreaking books, The God of the Machine, The Discovery of Freedom and The Fountainhead, that laid the foundations of the modern libertarian movement.
On Rand’s centennial, Cato executive vice president David Boaz highlighted the many contributions she made to liberty:
Although she did not like to acknowledge debts to other thinkers, Rand’s work rests squarely within the libertarian tradition, with roots going back to Aristotle, Aquinas, Locke, Jefferson, Paine, Bastiat, Spencer, Mill, and Mises. She infused her novels with the ideas of individualism, liberty, and limited government in ways that often changed the lives of her readers. The cultural values she championed — reason, science, individualism, achievement, and happiness — are spreading across the world.
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