Great Terminology

The great terminology is not Intellectual Dark Web even though it is a useful term.  It comes from Holman W. Jenkins, jr. at WSJ.  He says:

Careers like Mr. Cuomo’s are built on running down what might be called “good policy” political capital. Mr. Cuomo is using up the state’s margin of energy survival to burnish his green potentials. He is sacrificing upstate’s economy to burnish his green credentials.

We agree.  Later Holman says:

This is the good-policy capital buffer at work. Mr. Cuomo is doing statewide what Mayor David Dinkins did for New York City in the early 1990s, using up the buffer. [Emphasis added]

Well said.  We think the term we have bolded, good-policy capital buffer, is great.  It fits with our conception of the growth fairy.  When you engage in good policy you feed the growth fairy and when you engage in bad policy you starve the growth fairy.  A great example of bad policy was the Obama requirement to raise MPG standards (CAFE) to 54.5.  Interestingly, the Washington Post called it uncontroversial.  Foolish would have been kind.  Fortunately, The Donald and friends have been undoing Obama’s handiwork.  The linked author is not happy but you should be.  The connection is not always instantaneous but it gives a buffer to all the anti-growth things that governments do.  Let’s call it the good-policy capital buffer in the future.

 

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