-->

Saturday, November 8, 2014

My Bucket List (with Brief Midterm Caption as a Preamble)

I'll do a blog post on the midterm election when more of the aftermath materializes, either in the next two weeks, or after Senator Mary Landrieu (D-LA) is finally introduced to forced early retirement.. Presently, let me say I think the election is mostly a rebuke, and affords merely an opportunity for a united Congress to advance an alternative vision and policy direction. Unfortunately, unless there's an abrupt strategy shift in the next 9-18 months, the way in which the midterm campaigns were conducted indicates to me that there isn't a concerted effort to raise such a thoughtful platform over the cacophony of noise that passes for public discourse these days. Instead, we'll just see pragmatic weaving within it, and I tend to hold that course - naively, wantonly, or idealistically -  in disdain.

So, lets turn to a subject with which I'm more intimately acquainted: Me. A friend of mine whose blog coattails I've ridden before recently posted a "Bucket List". In the past, I haven't had a list of specific achievements and experiences to which you aspire during your lifetime. When I was sharing this with a new friend, she said that she only had one for travel, preferring to stay in the moment. I'm very much a planner, but I don't like to set myself up for disappointment. I can see the appeal of aspiration (for drive), prioritization, and taking stock of what one hopes to get out of life, but, on the other hand, I don't want to find myself in the circumstance of the many TV sitcom characters whose chuckle must cover the shock at how much their life has drifted from past aims, or how much they've changed from the past self that dared to dream. To try to strike a balance that would work for me - painting the contours of my particular aims, leaving room for the parts of the dream that will be written, and hopefully not foreshadowing the mayhem of overcompensating antics 30 years from now - I've developed the list below. Enjoy.

Career / Scholastic Pursuits
  • Become published
  • Achieve a substantial professional efficiency gain
  • Teach college courses, preferably later in my career
  • Make a contribution to the structural form of decentralized political economy
Intellectually
  • Take at least one more graduate-level course in Economics
    (completes a previous goal)
  • Return to University to study Philosophy, which I've only studied indirectly
  • Improve my French, and learn at least one other foreign language
Spiritually
  • Repair my relationship with God, strengthening my faith, and listening more.
  • Look back and see spiritual growth.
    ("Tao called Tao is not Tao;" I cannot yet describe the semblance)
  • Reach a point where I donate at least 10% to charity
Relationship
  • Meet the love of my life (hopefully, I haven't yet)
  • Get married (unless she was an ex-girlfriend)
  • Fifteen years later, have a trust that makes no room for questioning motives, a dedication and caring that makes calculation trivial, and an eternally enduring bond
Friendship
  • Be a better friend - merging the adult me with the thoughtfulness of yesteryear and loyalty I value in others
  • Restore one, two, or both of the friendships that I most lament losing
Pets & Children (in case I have any of the human variety)
  • Have a cat reach Age 20 in healthy condition after living a charmed life
  • Provide a balance of direction - a starting point, a foundation - and freedom
  • Be involved (i.e., help with homework), not just present
  • Fund at least one edifying experience
    (i.e., private school tuition, summer abroad, etc.)
  • Help them to have developed by "quarter-life" more discipline, perseverance, and confidence than I currently have. 
Travel
  • Go to Europe
    • Visit France
    • Visit at least 2 more countries
  • Travel across Canada via train.
  • See Québec City
  • Return to Maine
  • Visit 25 states - 30 counting airport stops / in-transit only
Materially
  • Have a roadster (perhaps an Audi TT, BMW, or a Honda CR-Z)
  • Own a Townhouse or an A-Frame
  • Achieve some level of financial independence
    (say, savings that can last 9 months, and human capital to make that sufficient)
  • Own a Mont Blanc, or a similar pen that I prefer
  • A pair of Gucci or D&G Shoes
Hobbies & Skills 
  • Have at least 3 peace roses that last at least 4 years
  • Learn to Fence
  • Cook for a month straight
  • Get and learn to operate a "siphon" brewing pot

Thursday, October 23, 2014

Denton ISD's New Grading Policy: Wrong, and NOT excess Individualism

Today, I heard a blurb on the radio about a local school district adopting a new grading policy that grants students two privileges:
  1. The ability to redo term papers for a higher grade, and
  2. The prerogative to turn in assignments late without penalty.
I found out from a quick "google" this district is Denton, and the new story is reaction to a controversial policy that was launched before the start of the '14-'15 academic year. Dallas Observer did clarify that #2 is, thankfully, not without limit, as campuses can curtail the grace period so it doesn't turn into a semester-wide indulgence.

I share the parents' concerns that this policy sends the wrong message. Hopefully, it is also the concern of many high school students who are in danger of being cheated out of their free opportunity to be held accountable so they can learn lessons before the toll of repaid tuition and lost earnings is exacted by life. Saying students initially respond with "smiles" doesn't mean, reflectively and privately, many don't probably agree with parents and (presumably) taxpayers that this is a bad idea. It implies the trend in higher education of having to double-back and reteach through remedial classes what should have been learned in secondary English and Math courses will now extend to basic study habits. We'll all pay twice, and our next generation can't afford that redundancy.

Especially since it does not have the added value the district proposes: individuality. The article quotes a district spokesperson, Mario Zavala, as follows:
"Everything is very individualistic in regards to the campus, and per student. You work with every student differently to allow them to reach their potential, ...We think overall, it's going back to the students being accountable. At the same time the students that need a little extra time to master the concepts will have that time."
If this spokesperson speaks for the district, then DISD has a mistaken idea of what individualism means. F.A. Hayek dedicated an article to this subject, but for present purposes I would just like to point out that accountability and individuality are not in conflict. Quite the contrary, the belief here is collectivist. First, because many young pupils won't rebound from the signal of a bad grade, especially those that unfortunately don't have the support network at home, lets just let them all off the hook. If the goal is individual treatment, let parents opt their kids into this new policy, and the parents who are thankful their children must meet standards the first time can refrain from doing so.

Second, with the public pressure to push everyone down the college track, lets keep those transcripts pristine with grades dirtied with test/retest threats to validity. Further, lets make sure colleges face an inability to distinguish those A's earned by turning in homework and researching the term paper from the A's earned only from rewriting the C paper and flinging a bunch of assignments at the teacher at the last minute. (Sidenote: Expect teachers to grade more easily if they're inundated.) If Tim can turn in August homework in December, he may not merely have learned the material but actually mastered it, but should his record not reflect he had months of extra time? As noted Economist Walter E. Williams would tell you, you're doing him no favor by not making that distinction, because if he's admitted on a false basis to a University for which he is ill-suited, odds are that he won't finish. That individual may waste time he could have spent more prosperously at a less-demanding University, a junior college, or otherwise gaining job skills.

Lastly, late penalties respect - and induce - individual judgments. I will certainly own that over my lifetime, I've submitted quite a few late papers; however, I almost always expected to pay for the extra time with grade points. Lets say you produce your paper, and you think you have your basic B that you can shove in the submission pile on time. If you take the extra day or two to make it better, and your perception is right, you may get it to A quality, but why should that time be free? I suspect some think, "well, if the penalties take it to a B, why bother?" This is short-term thinking! If you are committed to quality and improvement, you bother not just for the grade, but to improve your skill.

DISD assumes tailoring education means tailoring the signal, but the value of the signal - like with prices - is to communicate factual data. "Relative to the kids who turned in an A on time, your tardy paper of equal quality is a B." Like stable prices, the student should expect this penalty, but can still make the individual judgment call, asking "can I make this mediocre paper better?" Giving the student a B doesn't rob them of the learning they received, it just presents them with the cost, from which s/he can also learn.

Of course, if we're going to treat signals as arbitrary, then I agree, let them take forever, and let the laggards get the same transcripts. Then, DISD kids can go work at McDonald's and demand $15/hour wages. After all, if the manager ministers to them, they may indeed have skill worth that someday, so let them have it now, right?

Saturday, October 18, 2014

And now we're done? Solidarity & Connection BEYOND Relatability*

This week, a friend of mine authored a blog post (Crazy Cass Life: and now we're done?) on a personal problem in which I saw my own fear both reflected and refracted onto a different theme. In a nutshell, while dealing with the life-altering biological obstacle of infertility, some quality friendships were born in the fires of empathy, but when medicine and prayer helped her overcome that hurdle, she was met with estrangement from those about whom she still cared a great deal. I often worry people won't be able to identify with me because I am not currently working, and also that as friends' lives take on more dimensions, they'll drift from me. For simplicity, I'll even say they might "outgrow" me.

We're all going to have many experiences, some of which will be very similar to others and some different. Relatability can be a great bonding agent, bringing people together over understanding and support. Unfortunately, as this piece that I found when searching for verification that yes, unbeknownst to my spell-check, it is a word, relatability can also be fertile ground for narcissism. For any of us that want to form more than ephemeral bonds, the extent to which our relationships can't stretch beyond present circumstances is a concern; especially, when these circumstances are ones we know that we wish to change.

I must confess to a bit of ironic self-indulgence in that I'm knocking our egocentric times while finding a good deal of value in Alexis' piece out of - you guessed it - relatability. I haven't found my economic niche yet, but don't want to be left on the other side of the "line" from those who are further along in their careers anymore than she wants her victory of "crossing over" from infertile to motherhood to separate her from her friends. Whether we wish them to or not, both motherhood and our professional status are not usually treated as mere attributes, but as defining qualities of our lives.

By Lionel Bartel*
Indeed, that's why social groups tend to define themselves around them. I know that even among all who work, lines crop up. The Friends episode in which Dr. Ross Gellar doesn't want to sit with his friend Joey in the cafeteria comes to mind. Alexis has the refrain of a Québecois car bumper - "I remember" - that the basis of their bond, its root, is still there, even if their lives' branches aren't identical. It's important to keep that in mind, but I think it's also important to remember, even if our relatability diminishes, we are still the same person.

Growth is not the same as total change, and it's not as if the core of special people in our lives has no transcendental character! Or is that the problem? If I may veer off briefly into the metaphysical, when we let erstwhile cherished connections languish because the in-group dynamics have dissipated, are we not raising the experience above the soul?

The New Yorker article to which I linked above also distinguishes Identification from Relatability, which I found useful. Beyond the in-group distinctions made above, perhaps nowhere do we see the in-group|out-group division have as vehemently a limiting character as when the experience is fused with identity. Being a professional, and, sometimes, becoming a mother, are both at least malleble, the product of choices. So, too, is that the case with another fault line with which friendships must contend: married|single. What about race and gender, though?

Even if imperfectly, I would submit that these divisions can be bridged if the goal is to cross with empathy and (partial) understanding. I could definitely identify with a challenge that an article on LinkedIn was suggested is faced more by women interviewees: being able to bring more confidence to bear when discussing something external about which I am passionate versus being under the microscope myself. I'd much rather present on a researched topic to a small group, even knowing they're evaluating me, than I would sit across from 1-3 people directly scrutinizing me. Now you bring in all the baggage from the past, and my being a white male may seem an inescapable barrier, and it seems to me relatability - by demanding too proximate a positioning of the subjects on multiple planes of our experience - actually stands in the way of the beneficial goal of transcending those barriers and learning from one another.

If we can't even do it where we have choice, Lord help us!


* By Lionel Bartel (Own work) [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC-BY-SA-3.0-2.5-2.0-1.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

Wednesday, October 15, 2014

New "Sunset Blend" brew at 1418 Coffeehouse

Today, I got to try a new variety of java available at Fourteen Eighteen Coffeehouse, which gives me an occasion to return to the Blog that I haven't visited this month so that I can share a description. It's a tasty brew that shiny, light citrus of the panama, costa rica, or - to a lesser extent - the Honduras, with the Earthen body of an Ethiopian. The light overtones come out more as the coffee cools, with the textured body dominating initially. Though it finishes bright, the aptly-named bean's dimensionality lingers, which is welcome in a cup with low to midrange acidity. You will also enjoy the smooth mouthfeel, which hearty cups like the Nicaragua and Ethiopian varieties often subvert. Like a sunset, the light manages to remain. Enjoy!

Monday, September 22, 2014

Vaccinations, Freedom, Opting-Out, and the travails of Pet Ownership

This month, Ronald Bailey, writing in Reason Magazine contrasted suburban Los Angeles vaccination participation with that of the third world, raising questions of prudent family health decision-making and how to balance choice and responsibility in a free society. Earlier in the year, Reason offered contrasting viewpoints on this subject here, and it is primarily to the latter piece that I wish to reply. One reason I wanted to reply here is because I would reject both an absolute right or an absolute prohibition - I think I agree with all 3 authors that the issue is not so cut and dry. In reply, I'd like to make two points.

Surprisingly, all of the contributors seem sympathetic to allowing opt-outs, and while I join them in that regard, I have to take issue with the basis. Bailey, the one that would like to strengthen the level of public encouragement, says the following:
For the sake of social peace, vaccine opt-out loopholes based on religious and philosophical objections should be maintained. States should, however, amend their vaccine exemption laws ... This could potentially expose vaccine objectors to legal liability, should their decisions lead to infections that could have been prevented.
I concur wholeheartedly with how Jeffrey Singer deals with Bailey's "free-rider" argument, but to Bailey's credit, he relies on this justification for state requirement/inducement of vaccination much less than on the "herd immunity" argument, which is not quite the same. He informs his readers that it is often not simply the case that immunized children receive a benefit from which free-riding kids may attain the benefit of less risk of exposure, because inoculation really only probabilistically decreases exposure. We're all different physiologically, and for some of us it won't take, so the only thing we can all receive is a social network in which we encounter fewer carriers.

While I recognize this is a cogent explanation for a community interest in a critical mass of inoculated citizens, it does not follow that one's contributory obligation should depend on one's rationale for opting out. Putting the factual and legal questions aside for the moment, why should it matter if my reason is "I take issue with the medical community's findings," "I think you're injecting the Devil into my veins," or "nah, it's not for me." The last one is flimsy, but any reason is likely to depart from the prevailing consensus. I understand that limiting the reasons to religious & philosophical might at least stem the demand for exemptions, but (a) we have no reason to think it is sufficient limiting principle, and (b) it seems absurd to say, in order to better secure individual freedom, we're going to be arbitrary in selecting who can exercise more of it. 

If the basis for a legal requirement is that we need a 92% participation rate, why not just sell opt-outs. If you want to indulge your belief - nutty or informed, we won't pronounce judgment - then give up enough other wants to pay for it. If there is a social cost, you've offset it. I think this compares to another public requirement currently in abeyance: the military draft. Why should it be that someone with a conscientious objection they can document to the courts gets a pass, but someone who just plain doesn't want to give up his/her life on the battlefield should not be able to opt-out? Before you say, "a draft wouldn't work if you could opt-out", history would seem to disagree. During the civil war, a draft was for a person, who for the draftee himself, and the recipient was free to pay for a substitute. I oppose a draft, but I think if there are any circumstances in which it should be allowed, this opt-out proviso should be retained.

Of course, there was the objection - as there can be in so many policy areas - that this favors the rich, but it also provides a legally equal chance to all for that opt out, and leaves the individual free to find the way to afford it. (Who knows, in the current age, maybe you could finance it.) When we get back to vaccinations, though, we see that really isn't a problem. In the more recent article, remember that Bailey is more concerned with opt-out trends in "affluent" quarters of society. An implication is that the benefit principle and ability-to-pay principle of public finance may be in alignment.

Furthermore, I think Sandy Reider does a superb job of pointing out the idea of herd immunity is an empirical door that swings both ways: since vaccination can also weaken immunity, you could make a case to forbid people from getting certain inoculations on the same theoretical argument. Ultimately, it is a judgment call, and the real question boils down to who gets to make it, but legally part of answering this question involves considering who can be responsible. I join Reider and Singer in finding Bailey's Holmes-inspired analogy of a non-vaccinated person to a person claiming the right to walk down the street swinging his fists wholly inadequate and over-simplistic. Singer makes a teleological distinction, and Reider reminds us that the empirical ambiguity implies that "those who choose to opt in can also, as Bailey puts it, 'swing their microbes.'

My second claim is that a better analogy would be to community requirements for pet owners. We recognize the following:
  • People enjoy owning pets, and gain utility from their companionship, but
  • pets can cause others harm, through behavior or as a disease carrier.
  • Pet-owners have imperfect control over their pets - pets are not swinging fists.
So, I ask, are microbes pets? Think about the practical implications of treating them this way for legal purposes. We make legal prescriptions in urban areas that don't apply to rural areas (i.e. chickens in the countryside = fine, chickens in Highland Park = not fine), because urban density creates different demands. Urbanites remain free to have some animals under restrictions that work for that community. These standards are imposed with the knowledge that you can escape to the countryside or less restrictive locales, and they sometimes vary by fee. For example, in my city, registering a cat that has not been spayed or neutered is more expensive than the alternative. Additionally, if your pet does something to another human, we don't just hit you with civil (or criminal) liability straight away, we look to the circumstances. Were you negligent? Did you meet ordinances and/or meet norms and customs of ownership? Was it foreseeable?

Enforcement and ascertainment of culpability presents major challenges, but think looking at microbes as pets might be a fruitful legal analogy, and I think it's certainly more useful than some maniac swinging his/her fists. It's also less biased - instead of portraying opt-out parents as fringe loons, we simply acknowledge they are taking on a responsibility. Open is the question of whether this is always like owning an untrained pit bull, or whether it can be like a leashed, trained border collie. 

Thursday, September 11, 2014

High Divorce Rates are Not Feminist, they're Patriarchal Malinvestment Clearing

I came across an article by Gina Luttrell recently posted on Association of Libertarian Feminists facebook that suggested we shouldn't bemoan the increase in the divorce rate. I knew I would take issue with it - to be both a libertarian and a feminist we should think it a tragedy when anyone of any gender sees a contract collapse - but I did go back and give it a read. There is one area in which I agree with her argument: to be true to feminism, we cannot wish to roll back to lower divorce rates by reinforcing the old notion that women should return to the (legal and social) subservience that artificially propped up many previous marriages. Why, though, might we not wish for lower divorce rates as a result of happier, more egalitarian marriages?

She and I are both the product of divorces, and as such recognize the emotional strain it puts on the family. She contrasts this with the anguish of staying in a stultifying marriage, and suggests that ultimately divorce may have less cost.but my question is, why doesn't she make like an Austrian Economist and consider the alternative investments that might have been made in a more egalitarian environment: marriages starting on stronger foundations. She's saying the bridge of no-fault divorce cost less than the potholed roads of rocky marriages, but what about the road not taken in an alternative reality that encouraged partnerships on equal footing, with both members taught to embrace each others' talents and see each other as contributing members of a loving union?

Indeed, I wish she would give the society to which feminism aspires a bit more credit. She says:
If we assume that there was equal marriage satisfaction in the 50s and 60s as there is today (and I see no reason to assume otherwise), you have an incredibly low divorce rate, but half of married people—most likely women—were miserable. 
She then goes on to says feminism may have busted up families by freeing women (creative destruction), but that it doesn't follow there was less happiness. True enough, but this is like a Keynesian analysis that obscures a distinction she gave strong foundation earlier in her article: the marriages unfortunately were cultivated and matured in a society that didn't just tolerate, nay actually encouraged inequality in the home. She cites a counselor telling a woman lamenting spousal abuse in public the equivalent of grit and bear it.

Why should feminism be billed the cost of the divorces, and celebrate its post-break happiness as if salvation? Lets put the blame where it belongs - in a patriarchal society, it was acceptable to stoke family creation on a bad footing, which is the social equivalent of malinvestment. It's their tragedy of overinvestment - not that of any libertarian movement - and both the man and woman after a divorced are robbed of the life they might have led otherwise.

In fact, consider not just the jaundiced "morality" of a society with thick gender rolls, consider the economic backdrop as well. In a 2010 speech, Jeffrey A. Tucker mentions how monetary pump-priming precipitates a present-mindedness. I'm not indulging in the absurdity that gold standards prevent unhappy homes, but in a post-World War II era with a baby boom, suburbanization, relative splendor thanks to global competitors decimating themselves, and a FHA all combining to make individuality more affordable but retained alongside antiquated mores that shame waiting for family formation, the result of a lot of families on unsustainable psychosocial footings really isn't surprising.

The point is that we shouldn't celebrate divorce in some warped, liberationist feminism that only sees the happy post-judgment lives, but should aim for what Libertarianism and Feminism jointly imply: better informed individuals under an equal law learning and evolving ways to form better contractual arrangements, which includes better marriages that they want to keep whether they must or not. We may not like debtors prisons, and see bankruptcy law as prudent, but, the magnificence created in the aftermath of successful bankruptcy doesn't stop us from wishing artificial booms hadn't necessitated so many in the first place!

Sunday, September 7, 2014

When The Economist Lacks Faith in Markets

I was reading an online article of The Economist discussing market responses to the prospect of a divorce between Scotland and England resulting from this month's referendum. Long story short: markets place a premium on uncertainty. Who knew? They're basically pointing out that this political question will have economic consequences, as there is no free lunch. Right-o!

Still, I detect the implication that a political division is inherently more costly. While it may appear that way in the run-up to making the decision, when it comes to risk and efficiency, that depends on how the distinct government of the U.K. and the new government of Scotland would perform on average in the long run relative to the alternative of staying, well, United. Yes, there would be a hiccup, but on a grave question, that's immaterial. Like with marriage, you estimate your future gains of staying versus leaving - psychic and/or moral, not just financial - and act accordingly. To suggest otherwise is to advise a middle class couple contemplating divorce to hesitate on the absurd basis of court fees.

Now, such a couple should consider that rancor, heavy bargaining, and/or delayed proceedings will needlessly make the transaction costs much more dire, and the article rightly points out there could be some of that over such matters as debt allocation, currency, and bank regulation. I wish a magazine with an appreciation for free market functioning would put more stock in them. They suggest that even if England & Scotland could agree how to split the national debt, that the transition could really roil markets. They say:
Rating agencies have indicated that Scotland would have a lower credit rating than the UK, requiring a higher yield. BNP reckons the spread would be 150 basis points (1.5%) putting 10 year yields at around 4%. Say the debt was split 16 to 1, with Scotland taking £100 billion of the UK's £1.7 trillion total (this seems to be the Yes camp's case). So would an investor with £17m in UK bonds, get £1m of Scottish debt or would they have a choice? You can see that some investors might not want the lower-rated paper so there could be a bit of turmoil. 
Wouldn't this basically just be a big refi? With two key premises granted, (a) the parties have agreed a split, and (b) the agreement was struck with an expectation/preparedness to pay a higher yield, shouldn't allocation be easy? Offer a coupon to increase the yield until enough investors voluntarily exchange U.K. bonds for Scottish national ones that the ratio struck at the bargaining table is achieved. The Economist asks the right question - choice or assignment - but they portray too much ambivalence. Also, surely "turmoil" is too strong of a word. It's not as if a reasonable top-up couldn't achieve the necessary ratio. If France tried to get investors to voluntarily swap into new Free Republic of Guyana bonds after a separation of this colony, that might be a real question, but if Greece can find buyers, Scotland can.

This might seem an overreach, but this is the same magazine that agonizes over Brexit and Grexit to the point of (elsewhere - I'm not going to find a source but they've done it multiple times) advocating some level of debt mutualization at the European Union level. Too big to fail hasn't wrought enough carnage to warn off any market proponents from enshrining this policy even more? True, palpable uncertainty can smother markets, but remember Hayek's argument that not only is its polar opposite of certainty unattainable, but it'd make markets superfluous. Stop chasing it, and let markets allocate risk!