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A quick look at Bloomberg News's opinion section

December 18, 2012 For more, visit
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FROM THE EDITORS

Gun Control: "The people who want most fiercely to obtain and use guns include many of the same people whose access to guns society most needs to restrict. . . . If the preparations of mass murder are legal, then the law is an accomplice to madness. Whether the Newtown shooting marks the peak of such madness or merely a gruesome landmark on the trail of sorrow depends in part on the weeks ahead."


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IMF: "The International Monetary Fund has rethought its doctrine on capital controls. The IMF, which previously favored unfettered flows of money across borders, now accepts that controls are sometimes necessary. This is a real improvement, yet it's incomplete because it lacks a mechanism for supervision and enforcement."


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COMMENTARY

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Cass R. Sunstein

"In the very recent past, the U.S. has lived through a Second Amendment revolution, spurred by an intensely focused and well-funded social movement with both legal and political arms. . . . It is past time to stop using the Second Amendment itself as a loaded weapon, threatening elected representatives who ought to be doing their jobs."

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Jeffrey Goldberg

"On the matter of controlling guns, the path isn't immediately apparent and resignation sometimes feels in order. There are, of course, gun-control measures that make sense. For one, the so-called gun-show loophole should be closed."

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Ramesh Ponnuru

"Almost everyone thinks we should broaden the tax base; that is, reduce the number and size of tax deductions, exclusions and credits. . . . As pleasing as it is to find a consensus in this polarized era, this one is mistaken. It would be either undesirable or politically impossible to reduce the largest loopholes in the code."
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William Pesek

"Is South Korea ready for 'Madame President' to become part of the national vernacular? . . . Polls suggest Park Geun Hye tomorrow will not only become the country's first female leader, but also the first woman to head a nation in north Asia. It will be a milestone for a region known more for patriarchal succession than gender equality."

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A. Gary Shilling

"India's economy began to change dramatically in 1991 with the shift toward capitalism. In addition, India has historically had a much more free-market orientation than some other large developing countries, notably Russia and China."

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Read part two of a five-part series on India

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Nick Gillespie and Veronique de Rugy

In the fiscal-cliff debate, "neither side is interested in addressing the central role federal spending plays in creating persistent deficits and, more important, damping economic growth." The Office of Management and Budget "estimates that annual government spending from 2013 to 2016 will average $3.25 trillion in 2005 dollars, or 22.7 percent of GDP. Whether measured in constant dollars or as a percentage of the economy, the government has never once reached that level of revenue, much less sustained it for a number of years."
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FROM THE BLOGS

The Ticker

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Josh Barro on hard-money advocates
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Echoes

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Philip Scranton on the nomads of the Great Depression
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The Ticker


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James Gibney on Argentina's dodgy inflation statistics
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