Office Depot Inc. signage is displayed outside the company's store in Chicago, Illinois, U.S., on Friday, Feb. 19, 2016. Photographer: Christopher Dilts/Bloomberg via Getty Images

The Problem with Capitalism


When WC was a much younger lawyer, circumstances put him in extended contact with the late, arch-conservative Larry Carpenter, former Fairbanks North Star Borough Assembly member and former member of the Alaska State House. At one point, WC mentioned to Carpenter that WC was involved in a case where unrestrained capitalism had run amok. Carpenter’s…

Trans-Alaska Pipeline, Black Rapids, Alaska

Cause, Effect and Kara Moriarty


Kara Moriarty is a flack for the oil and gas industry.1 Her wages are paid by ExxonMobile and British Petroleum, among others, through the Alaska Oil and Gas Association. You know, the folks who pay royalty and property taxes on North Slope production. So when Kara Moriarty says current tax levels are just fine, a…

It's always awkward when the chickens come home to roost

Alaskans Learn About TANSTAAFL


Alaskans elected Mike Dunleavy as governor because he promised them big, fat permanent fund dividends. They voted their greed. Those chickens are now coming home to roost.1 The problem Alaskans face is that the laws of economics are as harsh and unforgiving as the laws of physics. One of those laws is sometimes abbreviated TANSTAAFL.…

Via Forbes Magazine

This Is Why We Have Government Regulations


The Trump Administration and a certain kind of Republican politician like to pretend that federal regulations are designed by bureaucrats – by the “Deep State” – solely for the purpose of making life that much harder and more expensive for the rest of us. On the contrary, regulations are written to address serious problem. They…