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February 10, 2012
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The Kosher Gourmet byDana Velden: Going to the bother of making soup? You know it better be good. This CREAM OF TOMATO SOUP certainly is! And it's a cinch to make, too (Includes techinques and serving secrets)
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February 3, 2012
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February 2, 2012
Jim Carney: Wrong number call may have saved her life
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Tina Susman: For woodchuck rescuer, every day is Groundhog Day
February 1, 2012
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Emily Brandon: How to Take Advantage of New 401(k) Fee Disclosures
January 31, 2012
January 30, 2012
Paul Richter and Ramin Mostaghim: Misreading Teheran's limits -- deadly and economically devastating as they may be -- is a risk administration, Europe seem willing to take
Suzanne Bohan: Warning: Nap-deprived tots missing more than sleep, study finds
Meg Handley: Banks Revamping Rewards Programs to Woo Customers
January 27, 2012
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Yochonon Donn: In liberal New York City, fervently-Orthodox Jews may soon be getting a district to call their own
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Katy Hopkins: New budget rules may affect how much money you get for college
January 26, 2012
Ed Koch: To the New York Times, calling for the murder of Jews by those capable of having their incitement taken seriously isn't news
Jeannine Stein: Mental illness struck one in five U.S. adults in 2010: Report
January 25, 2012
Richard Simon: House passes two bills endorsing the use of religious symbols at military memorials
Fred Weir: Putin: Multiethnic Russia cannot survive as a US-style 'melting pot'; must find its own way
Susan Johnston: 5 Sneaky Coupon Strategies Consumers Should Watch Out For
January 24, 2012
Carol Clark: The price of your soul: How your brain decides whether to 'sell out'
Caroline B. Glick: America lost most in 'Arab Spring'. Sadly, many voters still don't grasp the extent
Warren Richey: Drug criminal scores win in GPS ruling from conservative-leaning high court
Erika Bolstad: Black conservatives gather to talk about gaining strength
January 23, 2012
Melissa Dribben: Jewish voters to play a key role in Florida's Republican primary
Jordan Rau: In quest to grow, Catholic hospital system will announce this morning its break from church
Ali Safi: U.S. envoy gives Taliban terms for peace talks
January 19, 2012
January 18, 2012
January 17, 2012
Frank J. Gaffney Jr.: No-kidding red lines: U.S. response to an Iranian nuke may be bluster, but Israel's won't be
David G. Savage: They sued their principals after slandering them online --- now the cases are headed to the Supreme Court
David Francis: Where to Invest in 2012: With stocks expected to rebound, opportunity abounds for investors
January 13, 2012
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Alexia Elejalde-Ruiz: Thriving through touch: Gentle massage helps older people with low mobility improve in mind and body
January 12, 2012
Warren Richey: Landmark Supreme Court ruling a 'resounding win' for religious groups
Warren Richey: Supreme Court says no to new rule on eyewitness testimony
John Fauber : Statins found to raise diabetes risk in postmenopausal women
Katy Hopkins : Consider This Before You Pay for an Online Degree
The Kosher Gourmet by Joseph Erdos: This mushroom and barley soup has an intense -- almost nutty -- flavor that mixes robust with Middle East. It has creaminess without cream
January 11, 2012
Shari Roan: Millions of atrial fibrillation sufferers at risk for devastating, but preventable, stroke
Tom Hussain: Pakistan -- recipient of more than $21 billion in civilian and military aid -- speeds pursuit of Iranian pipeline, defying US
David G. Savage: High court signals it won't be loosening TV's 'indecency' rules
Stephen Ceasar: Oklahoma's Islamic law amendment can't go into effect, court rules
January 10, 2012
Reza Kahlili: From an ex-CIA spy: US must exploit new split in Iran's Revolutionary Guard
Karen Kaplan: Study: Nicotine replacement products ineffective when used in real-life situations
January 9, 2012
Michael Doyle: Put through legal hell over dream home, couple fought back hard --- all the way to Supreme Court
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Jewish World Review
Nov. 18, 2008
/ 20 Mar-Cheshvan 5769
It's priceless
By
Thomas Sowell
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http://www.JewishWorldReview.com |
Wouldn't it be wonderful to live in a world where there were no prices?
If you happened to want a Rolex or a Rolls-Royce, you could just go get one or two if you wanted and not have to worry about ugly little things like price tags.
There is such a world. It is the world of political rhetoric. No wonder so many people are attracted to that world. It would be a great place to live.
After Arthur Goldberg had served on the Supreme Court, he lamented that more of society's problems could not be dealt with as that court dealt with them by reaching a decision and then declaring, "It is so ordered."
Politics offers something similar. Theoretically, political decisions are limited by budgets. But for many experienced politicians, that limit is mostly theoretical.
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Government budgets, after all, are only projections of what is supposed to happen, not a hard and fast record of what has in fact happened. And seldom will the public or the media do anything so mean-spirited as go back and compare what the budget said would happen with what actually happened.
Moreover, politicians can put certain large expenditures "off budget" for any number of noble-sounding reasons. And if you have long experience in using political rhetoric, nothing is easier than coming up with noble-sounding reasons.
If you could put it "off budget," wouldn't you buy a second home at the beach or maybe a yacht to go out on the water? Why not live a little or a lot?
Politicians have more ways of escaping from prices than Houdini had ways of escaping from locks. When savvy pols want to hand out goodies, but don't want to take responsibility for raising taxes to pay for them, they can tax people who can't vote namely the next generation by getting the money by selling government bonds that future taxpayers will have to redeem.
Even such deficit spending leaves a record, however a national debt that is the ghost of Christmas past. But politicians can even get around that.
The most politically painless way to hand out goodies, without taking responsibility for their costs, is to pass a law saying that somebody else must provide those goodies at their expense, while the politicians take credit for generosity and compassion.
Employers are ideal targets for such mandates, since there are always more employees than employers, and that is what counts on election day. Whether it is health insurance, time off with pay or whatever, these mandates on employers can be washed down with a little rhetoric about business' "social responsibilities."
Where those "social responsibilities" come from is not a problem. It sounds good, and that is good enough for politics.
Some people may go away mad if they are ignored. Costs are not like that. You can ignore them all you want and they still won't go away.
While you are enjoying all the goodies that politicians are sending your way, you may notice that your taxes are going up or that the money you earn or the money you have saved won't buy as much as it used to.
Costs that are passed on to businesses can get passed on again to their customers in higher prices. Money that the government prints to spend itself reduces the value of the money in your wallet or in your bank account.
If you are someone looking for a job maybe a young person entering the labor force or a woman coming back into the labor force after spending a few years taking care of a small child you may find that there aren't as many jobs available as there used to be before employers had to pay for "social responsibilities," in addition to paying for the value of an employee's work.
Desperate times can call for desperate measures, so maybe you will try to find out from some economist what is going on. You may not get any much better explanation than "There is no free lunch" which is one of many reasons why economists are not popular.
But there really is no free lunch, except in the world of political rhetoric, a world that so many want to be in, where they can play Santa Claus without even the cost of buying a costume.
Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
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