Nov. 6, 2009 Rabbi Berel Wein: Choosing to hear JWisdom.com Zero to 1/60th: How to Empower An Hour with Gavriel Aryeh Sande (7 minutes) Caroline B. Glick The mullahs' big week Suzanne Fields A Fallen Wall for Fallen Man Nov. 5, 2009 The Kosher Gourmet: Three scrumptious -- but simple -- butternut squash dishes JWisdom.com Hidden Hints: Unlocking Faith & Prayer with Rabbi Jay Yaacov Schwartz (10 minutes) Nov. 4, 2009 Tom Hamburger and Kim Geiger: Should prayers be covered? JWisdom.com When God played peacemaker With Rabbi Sroy Levitansky (5 minutes) Nov. 3, 2009 Martin Peretz: Beware, Barack. Beware, Rahm. Beware, Axelrod JWisdom.com Are you are closet idolater? With Sara Yoheved Rigler (10 minutes) Nov. 2, 2009 Paul Greenberg: The Holocaust is now on Facebook JWisdom.com Abraham's Strange Change With Rabbi Yitzchok Fingerer (5 minutes) Oct. 30, 2009 Rabbi David Aaron: Secret to Immortality Caroline B. Glick Silencing dissent in America Oct. 29, 2009 Lini S. Kadaba: Do tactics avert flu or reduce humanity? JWisdom.com We Must Revamp our Religious Vocabulary With Gavriel Aryeh Sanders ( 10 minutes) Oct. 28, 2009 Rabbi Yonason Goldson: Atheists in Bubbleland JWisdom.com Why what we wear impacts who we are With Rabbis Mordechai Becher, Menachem Golberger and Aliza Bulow ( 10 minutes) Oct. 27, 2009 Paul Greenberg: The United Nations Is Outraged Again, Or: Department of Mideast Static JWisdom.com The Science of Love With Rabbi Jonathan Rietti ( 7 minutes) Oct. 26, 2009 The Jewish Ethicist by Rabbi Dr. Asher Meir: Damaging disclosures with a twist JWisdom.com Wisdom and Wonks With Rabbi Eytan Feiner ( 7 minutes) Oct. 23, 2009 Rabbi David Aaron: Are you ready for the ultimate pleasure? JWisdom.com Watermark and oneness with Rabbi Sroy Levitansky ( 4 minutes) Caroline B. Glick Stop using limited powers in a way that expands our enemies' advantages over us Oct. 22, 2009 Steven Emerson: Terror Cases Share Desire to Kill Americans JWisdom.com No More More Family Fights --- Really? By Sarah Chana Radcliffe ( 5 minutes) Oct. 21, 2009 Tonya Alanez: Holocaust denier sues survivor, calling Auschwitz memoir 'vicious lies' JWisdom.com Meditating Jewishly: A Panacea for Success by Sarah Yoheved Rigler ( 7 minutes) Oct. 20, 2009 Dennis Prager: Obama and Dalai Lama: Why Israel Worries about U.S. President JWisdom.com Abraham was not religious By Rabbi Yitzchok Fingerer ( 6 minutes) Oct. 19, 2009 The Jewish Ethicist by Rabbi Dr. Asher Meir: Q. Is nepotism kosher? JWisdom.comWhy Good People Do Bad Things By Rabbi Eytan Feiner ( 7 minutes) Oct. 16, 2009 Rabbi Yonason Goldson: The Perfect Number JWisdom.com Hearing Voices By Rabbi Sroy Levitansky ( 5 minutes) Caroline B. Glick How Turkey was lost Oct. 15, 2009 Jeff Jacoby: Peace vs. the 'peace process' JWisdom.com: Former MTV producer and stand-up comedian Rabbi Lawrence Hajioff: Taming a Control Freak (A VERY fast 15 minutes) Oct. 29, 2003 Mortimer B. Zuckerman: Graffiti On History's Walls (MUST-READ!)

Jewish World Review March 10, 2008 / 3 Adar II 5768 How government makes things worse By Jeff Jacoby http://www.JewishWorldReview.com | What do ethanol and the subprime mortgage meltdown have in common? On the surface, nothing at all. But dig down a little, and each is a good reminder of that most powerful of unwritten decrees, the Law of Unintended Consequences — and of the all-too-frequent tendency of solutions imposed by the state to exacerbate the harms they were meant to solve. Take ethanol, the much-hyped biofuel made (primarily) from corn. Ethanol has been touted as a weapon in the fashionable crusade against climate change, because when mixed with gasoline, it modestly reduces emissions of carbon dioxide. Reasoning that if a little ethanol is good, a lot must be better, Congress and the Bush administration recently mandated a sextupling of ethanol production, from the 6 billion gallons produced last year to 36 billion by 2022. But now comes word that expanding ethanol use is likely to mean not less CO2 in the atmosphere, but more. A lot more: Instead of reducing greenhouse gas emissions from gasoline by 20 percent — the estimate Congress relied on in requiring the huge increase in production — ethanol use will cause such emissions to nearly double over the next 30 years. The problem, laid out in two new studies in the journal Science, is that it takes a lot of land to grow biofuel feedstocks such as corn, and as forests or grasslands are cleared for crops, large amounts of CO2 are released. Diverting land in this fashion also eliminates "carbon sinks," which absorb atmospheric CO2. Bottom line: The government's ethanol mandate will generate a "carbon debt" that will take decades, maybe centuries, to pay off. Actually, that's not quite the bottom line. Jacking up ethanol production causes other problems, too. Deforestation. Loss of biodiversity. Depletion of aquifers. Deadlier fires (ethanol fires are harder to extinguish than those fueled by gasoline). More ethanol even means more hunger: As more of the US corn crop goes for ethanol, the price of corn has been soaring, a calamity for Third World countries in which corn is a major dietary staple. Senator Charles Grassley of Iowa bloviates that everything about ethanol is "good, good, good," but it plainly isn't, isn't, isn't. Which is why the fate of ethanol, including how much of it is produced, should be determined by the decentralized process of free exchange — the voluntary interactions of countless consumers and producers, buyers and sellers, each acting according to his best judgment and in his own best interest. Instead, Congress and the president, convinced as always that they know best, imposed a single, inflexible, ham-fisted directive from above. The result is that the carbon dioxide they aimed to reduce will be increased, and many people will suffer unnecessary misfortune. The subprime mortgage collapse is another tale of unintended consequences. The crisis has its roots in the Community Reinvestment Act of 1977, a Carter-era law that purported to prevent "redlining" — denying mortgages to black borrowers — by pressuring banks to make home loans in "low- and moderate-income neighborhoods." Under the act, banks were to be graded on their attentiveness to the "credit needs" of "predominantly minority neighborhoods." The higher a bank's rating, the more likely that government regulators would say yes when the bank sought to open a new branch or undertake a merger or acquisition. But to earn high ratings, banks were forced to make increasingly risky loans to borrowers who wouldn't qualify for a mortgage under normal standards of creditworthiness. The CRA, made even more stringent during the Clinton administration, trapped lenders in a Catch-22. "If they comply," wrote Loyola College economist Thomas DiLorenzo, "they know they will have to suffer from more loan defaults. If they don't comply, they face financial penalties . . . which can cost a large corporation like Bank of America billions of dollars." Banks nationwide thus ended up making more and more "subprime" loans and agreeing to dangerously lax underwriting standards — no down payment, no verification of income, interest-only payment plans, weak credit history. If they tried to compensate for the higher risks they were taking by charging higher interest rates, they were accused of unfairly steering borrowers into "predatory" loans they couldn't afford. Trapped in a no-win situation entirely of the government's making, lenders could only hope that home prices would continue to rise, staving off the inevitable collapse. But once the housing bubble burst, there was no escape. Mortgage lenders have been bankrupted, thousands of subprime homeowners have been foreclosed on, and countless would-be borrowers can no longer get credit. The financial fallout has hurt investors around the world. And all of it thanks to the government, which was sure it understood the credit industry better than the free market did, and confidently created the conditions that made disaster unavoidable. "No man's life, liberty, or property is safe," warned Mark Twain, "while Congress is in session." Mark Twain was a humorist, but that was no joke. Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here. Jeff Jacoby is a Boston Globe columnist. Comment by clicking here. Jeff Jacoby Archives © 2006, Boston Globe

Arnold Ahlert  Mitch Albom  Michael Barone   Dave Barry  Tony Blankley  Andy Borowitz  David Broder  Stratfor Briefing  Mona Charen  Linda Chavez  Ann Coulter  Greg Crosby  Larry Elder  Suzanne Fields  John Fund  Frank J. Gaffney  Lloyd Garver  Jonah Goldberg  Julia Gorin  Jonathan Gurwitz  Paul Greenberg  Lewis Grossberger  Victor Davis Hanson  Betsy Hart  Nat Hentoff  David Horowitz  Laura Ingraham  Cheri Jacobus Jeff Jacoby  Paul Johnson  Jack Kelly  Ed Koch  Ch. Krauthammer  Michael Ledeen  John Leo  David Limbaugh  Kathryn Lopez  Rich Lowry  Michelle Malkin  Jackie Mason  Dick Morris  Bill O'Reilly  Jim Mullen  Clarence Page  Kathleen Parker  Dennis Prager  Wesley Pruden  Tom Purcell  Jonathan Rauch  Celia Rivenbark  Robert Robb  Cokie & Steve Roberts  Pat Sajak  Debra J. Saunders  Culture Shlock  Roger Simon  Michael Smerconish  Thomas Sowell  Mark Steyn  John Stossel  Cal Thomas  Bob Tyrrell  Diana West  Dave Weinbaum  George Will  Walter Williams  Byron York  Mort Zuckerman  Robert Arial  Chuck Asay  Baloo  Chip Bok  Dry Bones   Lisa Benson  John Branch  Gary Brookins  John Cole  J. D. Crowe  John Deering  Brian Duffy  Everything's Relative  Mallard Fillmore  Jake Fuller  Bob Gorrel  Joe Heller  David Hitch  Jerry Holber  Steve Kelley  Jeff Koterba  Dick Locher  Chan Lowe  Ranan R. Lurie  Jimmy Margulies  Rick McKee  Michael Ramirez  Kevin Siers  Jeff Stahler  Ed Stein  Danna Summers  John Trever  Gary Varvel  Kirk Walters  How 2  Lori Borgman  The Savvy Consumer  Elder matters  Fixit  Dr. Peter Gott  GET A JOB! by Marty Nemko  Richard Lederer  Tech Maven  Every Monday Matters  Nutrition Myths  Bookmark These  Bruce Williams  How Stuff Works