Bad Policy, Bad Judgment, Bad Outcome

This entry is not about the crimes of one man and the moral failings of his associates. Justice has been served to them. The perpetrator has been tried, convicted and imprisoned, potentially for the rest of his life. His associates justice will be served shortly through the criminal system, if not in the afterlife. A completely new organization now leads Penn State, with no ties whatsoever to the past, and processes in place to rectify and...

I'm going to admit that I lit my hair on fire and lost perspective. I have no excuse for it, but hopefully, you all can relate. My personal passion is policy matters. The logic, the interrelationships, the transcendence of the issue at hand relative to all other possible issues are, to me, fascinating. Nothing is as simple as it first appears.

Now that the burnt flesh of indignation and self-righteousness has sloughed off, I have to apologize. Goodell had to do what he did....

There's a breakdown in our society. We use to be a civilization that prized justice, equity, truth and honesty. Dedicated professionals sought facts, verified with the proper context. There was a reward for precision, for perspective, and for patience.

No More.

We have trained ourselves to react to every statement, misstatement, fact, and lie as if, without our personal Armageddon-like judgment, total annihilation would ensue and we would all be cast into the Pit of...

Intellectual dishonesty appears to be the newest fashion. The more grotesquely fraudulent a statement, the closer a statement can come to actual criminal fraud, the more celebrated the perpetrator. With a society and economy that is as complex and interdependent as ours, these power criminals prey on the ignorant and vulnerable, exploiting their ill-conceived, misinformed world-view to tilt policy to favor and perpetuate their desire for more power.

Former judge Andrew Napolitano...

I have been having a running debate with one of my investment bank friends (call him Mike) about how to stimulate the economy. His essential premise is that below-water mortgages (where the value of the home is less than the outstanding mortgage) are causing banks to freeze lendable assets in anticipation of being forced to write down potential bad loans in the inevitable event of a homeowners default. If the government “covers” the portion of the account underwater and allows the bank to remark...