Topic: washington times

Four years from now, will you regret having voted for the person you chose this year for president? In decision theory, there is a concept called “regret,” which is the emotion experienced when realizing that an alternative course of action would have likely resulted in a more favorable outcome.

It has not only been a waste of money, it has done real harm. Some trillions of hard-earned taxpayer dollars have been spent to combat global warming over the last three decades.

When governments impose trade restrictions in the form of tariffs, quotas and other taxes or regulations, the cost of goods and services rises for consumers, producers tend to make lower profits and thus hire fewer workers at lower wages.

It is not hard to argue that mankind has made very little progress in governance over the last 2,500 years [...] But at the same time, enormous progress has occurred in science and technology, making life better for all of us.

The amazing and disappointing fact is that every student or even casual observer of socialism knows that it always fails because it destroys the incentives for hard work, creativity and initiative.