The second coming of Karl Marx

By D. Pontoppidan, Summer Fellow at the Mackinac Center Here is a letter I sent to the editor of the Financial Times a couple of days ago. The second coming of Marx Sir, on June 30 Ben Funnell engaged in editorial divination, channeling Karl Marx’s financial beliefs from the grave. In the pink pages of…

Capture is part of regulation itself

Here’s a letter I sent to the WSJ about a week ago by D. Pontoppidan, Summer Fellow at the Mackinac Center Thomas Frank [“Obama and Regulatory Capture, June 24] calls the present moment a time “for a ringing reclamation of the regulatory project.” To protect consumers, he argues, we need regulation, and better people in…

Financial innovation comes from trial and error

By D. Pontoppidan*, Summer Fellow at the Mackinac Center Here’s a letter I sent to the WSJ a couple of weeks ago: We’ve recently heard of a new federal financial consumer agency which will have the power to scrutinize complex financial products, fit them with warning labels much like cigarettes or toys digestible by small children,…

Freedom in Iran

By D. Pontoppidan, Summer Fellow at the Mackinac Center We’ve all seen what has been described as the “biggest unrest in Iran since 1979” unfold on television for the past week. What we haven’t seen, however, is the United States of America or President Barack Obama take an active stance in the conflict. So far,…

The human factor in justice

By D. Pontoppidan, Summer Fellow at the Mackinac Center* Over at Cafe Hayek I stumbled on a letter to the editor in the Baltimore Sun from one Diane Schaub. She argues correctly that judges should not let their emotions cloud their judgment (“Why empathy is the enemy of justice,” June 14), but she is incorrect…

Legalize drugs? How about alcohol!

D. Pontoppidan, Summer Fellow at the Mackinac Center for Public Policy Nicholas D. Kristof and others have argued that since war on drugs has been lost, drugs should be legalized. I cannot help but wonder where the debate over America’s absurdly high drinking-age has gone? In many ways it bears resemblance to the debate over…

Put that in your pipe and smoke it!

D. Pontoppidan, Summer Fellow at the Mackinac Center for Public Policy Oscar Wilde once said that he’d rather have an interesting vice than a boring virtue. Yet to Bill Apple, [letters, NY Times, June 13] the only viable solution to this country’s smoking problem is a “Prohibition-style tobacco ban”. People cannot be trusted to make decisions…