Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

April 13, 2011

GET HIM OFF MY TELEVISION!!!

I have got to get my remote. I suddenly tuned my ears in to hear Jon Stewart playing a clip of some guy saying "So how do we reduce the deficit? By cutting spending." End clip and the audience erupts into...hilarious LAUGHTER. I shit you not. Then I looked over and he says "Hey, you know what else would work? Put up the graph, guys..." points to graph, "Getting rid of the Bush tax cuts!" and suddenly the high climbing debt levels back down to 1980 levels or wherever it started. Oh. my. God. WHAT ARE THEY TEACHING THESE MORONS ABOUT ECONOMICS??

Ok, just for my own sanity I'm going to repeat the obvious. You raise taxes (because these are not cuts anymore; they're *rates*) and then assume that profits and jobs and tax revenues are going to remain at their current levels (and even rise)?? IT DOESN'T WORK THAT WAY. Business-killing, job-killing tax increases actually kill, you know, businesses and jobs...thus your rates may increase and your revenues go DOWN. Jeeeezzzzzz forget it; you know what? It's of limited use (because you can't plug in actual numbers that way) but just look up how the fucking Laffer curve works, Jon you IDIOT. Then learn WHY it works the way it does. And then you will realize what an absolute jackass you are, but on the positive side you'll have learned something actually worth knowing. And McEwan had the GALL to call HIM a conservative? I'm sorry, she's somewhere to the left of Stalin - like as far to his left as it's possible to go - so maybe I shouldn't look at her stuff anymore. I just like to keep my friends close and my enemies closer.

Yay, remote - buhbye Jonny; get the fuck off the television. Who let him on anyway?

ETA: Caddyshack uncut! Awesome!

December 5, 2010

Economic Jeen-Asses

Tavis Smiley (very nice looking man btw) talking to Dickhead Durbin

SMILEY: I think most Americans agree, although I've not done a scientific poll, but I think most of us would probably agree, Senator - I'm sure you do as well - that deficit reduction is a real issue. [But] The question is when the time for that conversation has come, and whether or not, given the condition of the economy, we ought to change our focus to talking about deficit reduction versus stimulating this economy.

Because the deficit has *nothing* to do with the economy. Does it?

So everybody knows now this commission has come out with their report about what ought to be done with regard to deficit reduction, so I'm asking two questions. One, your take on that report, just a top-line take on it, and your take, more expressly, on whether or not this conversation in Washington is going to shift at the wrong time.

DURBIN: This is a reality. The deficit faces us. We borrow 40 cents out of every dollar that we spend. We borrow most of it from countries like China. They have become major creditors of the United States and have more power over our economy than we want them too. So dealing with this is not only the right thing economically, it's certainly right from a moral viewpoint. We can't leave this debt to our kids and expect them to shoulder that responsibility, but the reality of the situation is if we hit the brakes now on spending and stimulus, right in the midst of a recovery economy, we could plunge this economy back into recession, with even higher unemployment.

(Sidebar: suddenly they're concerned about leaving our kids debt? That's a laugh.) Ok excuse me, a recovery economy??? When did this recovery start? Why didn't anyone tip me off to it? Oh, I forgot...they're citing the likes of Paul Krugman. IOW they don't have a fucking clue what they're talking about. BACK into recession??? Are you freaking kidding me? BACK into recession? Do these people live in jars? Higher unemployment?? Higher than WHAT? Under Bush it rose to possibly 7.6 which is bad enough (though it wasn't the norm) and under Obama - who swore it couldn't go over 8%, it's now risen pretty much to double digits. We're back in the Carter years, and they're talking about going BACK into a recession from a RECOVERING economy with double-digit unemployment??? And we've got Bernanke TheBenbernank promising to raise inflation and printing tons of fiat money (because God forbid DEFLATION! Oh NOES!) and Krugman recommending an inflation rate of an eventual 28%...and extensions of those sweet sweet unemployment benefits of 2 years total (i.e. welfare, duh) and every day I hear from people who can't get a job making more than they are already making on unemployment (and it's unfortunately all too true)...and a recession rapidly turning into a DEPRESSION...and these geniuses are recommending more of the same because it just wasn't ENOUGH the first time. Never mind that if they'd get the hell OUT of Thebenbernank plan, the stimulus, and all this other nonsense, we might HAVE jobs to get if we're willing. The country is in the hands of utter, utter fools. Who have never run an economy before. Who have NEVER shown an ability to make or keep money and who just want to punish the people who could give us employment and stop taking taxes from people who don't really pay taxes anyway. Welcome to the Cloward-Piven strategy of manufactured crises to perform massive takeovers. Greedy, power-hungry little songbirds that they are. And now even Gene Simmons wishes he could take his vote back. If only you hadn't been so fucking stupid in the first place, Gene. Lick it up. Read more: http://www.newsbusters.org/blogs/tim-graham/2010/12/05/pbs-tavis-smiley-asks-dick-durbin-and-gary-hart-about-too-much-gop-parti#ixzz17Hs60NdU

October 15, 2010

Jerry Brown - MORE Welfare and FEWER Jobs the Answer

Jerry Brown The man's an economic Sooooper-Jeeenyus!

"The conventional viewpoint says we need a jobs program and we need to cut welfare. Just the opposite! We need more welfare and fewer jobs. Jobs for every American is doomed to failure because of modern automation and production. We ought to recognize it and create an income-maintenance system so every single American has the dignity and the wherewithal for shelter, basic food, and medical care. I’m talking about welfare for all. Without it, you’re going to have warfare for all. Without a universal health care like every other civilized country, without a minimum level of income, this country will explode. You can’t blame the guy at the bottom forever. At some point there’s a reaction and we’ll see that the real criminals are those calling the tune, making the rules, and walking to the bank."

Yes, Jerry, because that WORKS. Jerry? You DO know that the money so "spent" becomes worth not even enough to wipe your ass with, don't you? *Crickets.* Don't you???

July 27, 2009

Stupidity on Display

Travis sometimes asks me why I slum around at such weird places online. Well, I like to know what the left "thinks." But it never ceases to amaze me that it hasn't ceased to amaze me the stupidity of your typical radical leftist. Why would I ever be surprised? They are of course whining that Obama's not destroying the economy and the entire system of government in the US quickly enough or quite the WAY they would, and they're mad that he's not doing it their way. What the hell do they care, the results are the same either way - Cloward-Piven meets Alinsky is still moving full speed ahead so what the fuck are they bitching about? Well, here's one; and it's gotta take idiot quote of the week. In reaction to some obvious morons proclaiming that Obamacare will not necessarily destroy all private insurance companies - obviously a proclamation being falsely made to allay the fears of millions who have a shred of a brain and know what that would really mean (or at least have an inkling) McEwan declares,

First of all, any government health plan that isn't good enough to drive private insurers out of business...isn't good enough, period.

Holy shit. No, you didn't read that wrong. I don't think she comprehends that of course, it is designed to and WILL put private insurers out of business; and it's written into the bill to begin with (guess she hasn't read much of it, like page 16.) Or that these people are out there claiming it won't do what it was designed to do because they want to get it passed and the only way to do that is to lie about what it is designed to do. Because people have some small idea what it is supposed to do, what it WILL do, and they don't want that. So you have to just bald-faced lie to them and tell them it won't happen. But see, she's so out there, so fucking looney-tunes, that she wants them to DO all this - to destroy the economy and our way of life utterly - while PROCLAIMING LOUDLY that that is exactly what they're doing, and screw anyone who doesn't like it. Honey, it doesn't work that way. That's like surprise buttsex without lube - you're not going to get most people to accept it; you have to slip it in a little more subtly than that, or didn't anyone ever teach you that open revolution and open coups have very very unpredictable (and often catastrophic) results? Grow up, put on your damn big girl pants and be glad - he's DOING IT ANYWAY.

Fortunately for you, you're looking like you'll get your socialist society complete with hellcare. Unfortunately for you, it is not designed to provide excellent health care to anyone, much less everyone. You're just too goddamn stupid to understand what it's really about. For the people with half a brain or more, here's a little synopsis from the bill of what we're in store for. I LOVE the part about how the federal government will have realtime access to your personal bank account at ALL TIMES - that's just fucking lovely. Heck, I'll put up the link and a partial list:

• Page 124: No company can sue the government for price-fixing. No “judicial review” is permitted against the government monopoly. Put simply, private insurers will be crushed.

• Page 127: The AMA sold doctors out: the government will set wages.

• Page 145: An employer MUST auto-enroll employees into the government-run public plan. No alternatives.

• Page 126: Employers MUST pay healthcare bills for part-time employees AND their families.

• Page 149: Any employer with a payroll of $400K or more, who does not offer the public option, pays an 8% tax on payroll

• Page 150: Any employer with a payroll of $250K-400K or more, who does not offer the public option, pays a 2 to 6% tax on payroll

• Page 167: Any individual who doesnt’ have acceptable healthcare (according to the government) will be taxed 2.5% of income.

• Page 170: Any NON-RESIDENT alien is exempt from individual taxes (Americans will pay for them).

• Page 195: Officers and employees of Government Healthcare Bureaucracy will have access to ALL American financial and personal records.

• Page 203: “The tax imposed under this section shall not be treated as tax.” Yes, it really says that.• Page 239: Bill will reduce physician services for Medicaid. Seniors and the poor most affected.”

• Page 241: Doctors: no matter what speciality you have, you’ll all be paid the same (thanks, AMA!)

• Page 253: Government sets value of doctors’ time, their professional judgment, etc.

• Page 265: Government mandates and controls productivity for private healthcare industries.

• Page 268: Government regulates rental and purchase of power-driven wheelchairs.

• Page 272: Cancer patients: welcome to the wonderful world of rationing!

Of course, Ms. McEwan is also sick of hearing about the August recess because it's important to ram this thing through before anyone has a chance to properly read and debate this monstrosity - just DO IT already, right? Even though she said it's not good enough. Sheer genius, I tell you.

May 26, 2009

Two Great Videos

Direct thanks to IMAO for both - I can't wait for this show to come out!

This one is part of a series on economics and American values that I am finding fascinating. Just go to IMAO and look up the "Capitalist Propaganda" series for the rest, or access the series directly here. This one touches on why minimum wage hikes are useless and counter-ptorudctive in the long run. The whole series is amazing.

May 7, 2009

The Myth of Media "Objectivity" Exposed

In other news, a graphic representation of the 100 million dollar "cut" Obama has promised to take out of his monstrous, 3.6 trillion dollar, double-your-debt-with-the-flourish-of-a-pen "budget." This is what's known as "perspective."

Remember when he said he was gonna go over the budget line by line with a scalpel? I think the scalpel is just to make sure that he can make the tiniest possible cuts out of this outlandish spending. The former yowling Obamaniacs at work have sure been quiet lately. I can't imagine why they might be embarassed, can you? He didn't tell us he was going to do this crazy spending. Not until after the inauguration. He kept it all under wraps, opposing bailouts and saying not to worry, he was gonna fix it. He's fixing us, all right.

And if I hear him say one more time that "WE" are all just gonna have to tighten our belts, I'll blow a gasket. Washington isn't tightening its belts - it's unleashing an F6 tornado of wasteful spending, taken from people like you and me. HE isn't tightening his belt (well, he did leave a shitty tip at the burger joint, maybe that's what he meant.) No, his belt is nice and loose - crank that heat up, crackers - I want it hot enough in here to grow orchids (while us peons are expected to keep the heat down to 68.) He's having pizza flown in and eating Wagyu beef and Michelle's prancing around (or lumbering) in $550 sneakers while turning over a token spadeful of ground for the garden. Their belts are doing just fine. The only people who have to tighten their belts are those who have to pay for all this - you, and me. So no more of this "we" shit, Obama - it doesn't wash. I have to say, the look on Biden's face when Obi asked for the poupon for his cheeseburger (the regular cheeseburger, medium well with cheddar, and no ketchup, just spicy dijon) was really funny. Old Plugs is the funniest thing in this administration. Even he was looking between Obi and the cashier, like "What the hell am I listening to? This guy for real or what? Are you hearing this shit?" So that was good. I mean I don't give a shit what the guy eats, but it could only have been better if he asked for arugula instead of lettuce on his "regular" cheeseburger.

For humor's sake I'll post the video - never mind Obi, watch Plugs LOL

March 27, 2009

Withholding Information!

So, I have these co-workers. I try to avoid scenarios like that, but you know - sometimes you have to work with others. Tragic state of being.

This one guy just LOVED rubbing it in during the election - he hated Bush, and he's this blue collar type of guy, ergo Obama = Salvation!

Unfortunately, he didn't think it through very closely. He came to me yesterday and said, "I thought...I mean, we were supposed to get MORE money in our paychecks every week, isn't that what the president SAID?"

I was like no, no, I'm pretty sure that isn't what he said, but...?

Well, because, you see, here's my paycheck, and it says "New federal withholding tables in place" but I got hit really hard! I NEVER had that much taken out before! Wasn't the stimulus supposed to pay for that?"

Well...no, no it wasn't, but what is your complaint exactly?

I got a LOT more taxes taken out this week than last week or any other week...I thought we were supposed to get MORE money in our checks!

I see...were you supposed to get your mortgage paid for and gas in your tank too? Let me see.

Oh, wait. I see the problem - you WORK, right?

Yes.

You EARN money, right?

Yes.

Well, there you go, rich white man! YOU aren't getting any money, you are going to PAY for other people to sit on their asses and collect. YOU are the PAYOR, not the PAYEE. You getting it yet? YOU PAY FOR IT.

Wait, what?

March 22, 2009

No Respect for Numbers

I have to admit, I was fooled by the coverage as well. The intertwining of millions and billions was done so deftly that I actually bought the lie that these bonuses were eating up the lion's share of the bailout money. But not even close. Now, it didn't matter - contractual obligations are what they are, and that's the bottom line - not to mention that the Dems **drafted** and **pushed** and **signed** the legislation agreeing to leave them alone (in fact it's named after that Dodd character) so I wasn't going to scream about it anyway. But when I realized that I, of all people, had been bamboozled by the "million/billion" shit? I was pissed. Now let's get a little grip on what a trillion dollars REALLY IS, shall we?

There is one million dollars in $100 bills. Now it would be preferable to have this in dollar bills, because frankly, we're trying to get a handle on what a trillion DOLLARS is, not what 1/100 of a trillion dollars is. But I'll go with it, since I don't know how to do the drawings.

There is 100 million dollars, in $100 bills, Benjamins, on a standard pallet. Sweet. AIG bonuses were 1 1/2 of the above.

One. billllion. dollars. The money AIG received was 175 times that amount. Not that I'm in favor of bailouts, but have some fucking perspective - those bonuses don't mean jack shit in the broad scheme of things.

One TRILLION dollars. Nearly the base rate of the "stimulus" package, while the left tries to distract us with the bonus bullshit. Notice they are double stacked AND the image had to be rescaled.

If you want to be pissed about something, be pissed that we're being taxed now at the mammoth rate of the last picture (just to start with - we're not counting the budget or any of the other abortions we're being asked to swallow) and stop bitching about contractual bonuses that were written into the bill in the first place and that all the people that are angry now that supported it when they wrote and passed it. Obama Received a $101332 Bonus from AIG. He's also the second largest recipient of Freddie/Fannie largesse, and no one's talking about their bonuses, eh? These guys are in bed with these businesses and then stir up faux outrage to pull the wool over our eyes so we won't notice they're stealing thousands of times the amount from all of us. Nice going, way to buy into the bullshit, folks.

Your moment of zen:

March 17, 2009

Update - Collective Bargaining

Only 9% of non-union workers want to join a union.

Union members tend to believe that most workers want to join a labor union. The latest Rasmussen Reports national telephone survey found that 47% of union members hold that view while only 18% disagree.

But those who don’t belong to a union hold a different perspective. By a 56% to 14% margin, they believe that most workers do not want to belong to a union.

As for personal preference, only nine percent (9%) of non-union workers would like to join a union. Eighty-one percent (81%) would not.

Huh. Hat tip to FulloseousFlap.

And your moment of Zen:

Ok, no fertilized embryos. Check. Check, please! At the same time, even when he screws up that royally, you have to hand it to Billy-boy; he makes some effort, however dumb, to connect to the regular people. He had little to no choice but to at least *sound* like less of a leftist extremist while in office if he wanted a chance to pass anything at all, so...I guess that makes sense. He makes a token effort to sound somewhat moderate. Obama hasn't got that particular cluebat yet, and chances are he won't unless there's a similar upset in '10 like there was in '94.

March 15, 2009

Collective Bargaining

I'm crossposting this; it was a comment on a pro-union article on a libertarian site.

I respectfully do disagree about the real world effect of collective bargaining, and I have been directly negatively impacted by the power of it for most of my adult life in exactly the manner described in this article. Please do read it as it is unbelievably accurate as to what really occurs. My husband is a blue collar independent serviceman who is constantly threatened by unions and their workers (not every single time; occasionally there are out of state union workers that don't do it - and I shouldn't need to say this but he has not done anything even close to wrong to warrant it), but that pales in comparison to the negative economic effect it has had on us and continues to have to this day.

I couldn't think of the proper way to explain it in depth, but I was pleasantly surprised to find that that work had already been done for me in the above linked article. As I say, this is *exactly* how our personal and local economy has been affected over the years, in all ways.

Things outside the scope of the article - In our earlier years, he worked for an excellent company that supplied health care products and did medical research. If you've ever been in a hospital or a doctor's office, you've seen their name plastered on most of the supplies. They were not a union company and they had to fight to resist unionization (they would have left the state if it came to it.) That includes bullying Teamsters who would come out occasionally and try to shout the workers into unionizing the place, but as I say it didn't work. As a result, even the lowest workers were paid *double* the going rate for identical positions in even the next-door companies, with far better hours, with top-notch benefits and countless perks and free or low cost medical products ranging from diapers to high-quality bandages and cafeteria type supplies, the list was endless. (Our grocery and incidental bills were unbelievably low during those years.) As a result, we were able to be a one-income family and all the benefits that go along with that. When their tax burden in the area was increased drastically, they were faced with the decision to move out of state - otherwise scale back either employment or quality, neither of which they were willing to do. They moved. We chose not to move with them, though the option was available.

Thus he entered a different line of work which is not easy to describe but had both union and non-union jobs, and he worked as a non-union worker in a small company that employed both for various jobs. The only way it was able to work effectively there was that the union workers in this small company would have their dues paid by the boss, adhere to the letter of the union "law", but not to make any of the attendant trouble, and keep their union cards as tokens to appease the various contractors.

What happened was expected and actually is within the scope of the article - the field itself is full of men who make 3 times what the market will bear, so they work possibly 5 or 6 months out of the year, and those independent companies could no longer to afford to continue. If you want to do that kind of work you have to be willing to work only half the time and adhere to everything the union demands, but the fact is there are very few of them now - no one can afford to hire them and they are now basically a rubber stamp type of profession as opposed to a vibrant, viable industry.

He had to switch to a semi-related field of work, but it does entail going to many places that are filled with other workers from other types of contracts unrelated to him, who nonetheless do various kinds of threatening if they catch wind of the fact that he doesn't belong to a union (not that there is one for what he's doing.) Which is of course horribly unfair (and of course I don't blame the author here for that.) But it happens all the time. It does not have to involve any kind of violence, though sometimes it does - most of the time it is the threat of being thrown off that job but it almost always involves the threat of bringing economic ruin to him as well - they literally get very angry that he does not want to be in a union and is not in fact in one. Even though as I said, there isn't a union for what he does and he's just there for a little while to do a specific one or two man job and leave. They threaten as well to pressure the businesses into never hiring anyone but union laborers for *any* job and thus he will be left with no livelihood. Yes, they forget about him after he leaves, but what kind of thing is that? If it were just occasionally that would be one thing, but this is on every job that happens to have any construction going on or other type of work being done. Even though he is not threatening THEIR livelihood in ANY WAY. Yes, he tries to explain that he is not a competitor for what they are doing but they can't keep to themselves. I explain this because the author is against union violence, but a *realistic and very possible* economic threat is just as violent as beating someone up.

As to myself, I've been a member of the AFL-whatever alphabet soup, and it sucked. I had medical coverage, but there was one doctor in the state who would accept it by that point, since they never got paid. If an executive wanted to clean the place out, he would tell the shop steward to make up phony reports and force us all to sign them and be "warned" so it would be on record. I was better off when I was a temp for them prior to that. My current place has a union for the physical laborers but not for the office workers, and there is some weird kind of hostility that I can't understand between the two when they have to interact on any level beyond the bottom. "It's not my job" and "It's for the company" and other things that don't make sense to me are de rigeur. The union guys make decent money - at least those on the old contract, which is why the old guys who would normally retire instead work 7 days a week - and none of it is negotiable between the workers and the company - it's all done for you before that.

Very disturbingly, they call these guys into meetings and make them sign political documents (always either Democrat or otherwise leftist) en masse in order to drive policy in the state. For example, they drove policy to stop any competing businesses from opening in X area from them (a big area, not like across the street, but miles) in order to keep prices falsely inflated. Then they drill it into them that they're being disloyal if they shop someplace else, so they don't. Thus I have to go a lot farther to find good prices for some very basic things - thus I have to buy less of what I want when I want it because I can't afford it. (Actually that part was also covered in the article.) They need to move to a new facility but are badly hampered by the fact that no town wants to lose an inflated business because now they're dependent upon it. So we have to stay in buildings that are not sufficient to our needs anymore because moving is nearly impossible with all these entanglements. They are constantly pressured to vote for leftist candidates, but pressure isn't necessary after a while.

This is one reason why various production is moving out of northern states and into southern ones where they aren't unionized as well - it's a natural economic consequence.

Lastly, my father in law was a serviceman and a postman after that until he retired. I used to read the material his union would send him, and it was like bad comedy - not funny and pretty horrifying. Caricature depictions of any conservative or libertarian leaning politicians and smear articles against all of them, an endless parade of it, with constant admonitions to support only the most hard-left and egregious candidates and policies imaginable, year after year. Not surprisingly, that's what they often did - support the left politically and demonstrate extremely skewed thinking.

So...in the end, all things considered, I can't support unionization as a supporter of free markets. It's one of those things that sounds good in theory but in practice does too much harm and distorts the market in every conceivable way, and not to the benefit of the common man like myself and my family. It drives up prices, unemployment, hampers negotiations between any individuals, keeps other willing people from becoming employed, and so on and so forth. It is one thing for a small group of people to stand together voluntarily and bargain with their boss as a united front; as an institution it's an entirely different thing.

I think I'll crosspost this at my blog - now Eric, I know this was long, but you can see that it needed a thorough explanation as opposed to just "I disagree" and then coming out in bits and pieces, right? I felt a proper case ought to be made since the author made his case as well, and it wasn't a personal attack.

Right Guy, I hope this helped clarify your position as well :)

"My post was meant to put forward the notion that people in groups tend to seek power over those groups and with the power comes corruption to some extent."

Ha! I thought that was meant to apply to unions because it fits, except it was meant to apply to productive businesses like WalMart, that grew a great deal from the time that we here in the East had never heard of them into what they are now. Penn and Teller did a very good piece on Bullshit! about WalMart hating. If a business has to be "protected" by coercion and market distortion, it shouldn't exist. If they can't compete, they can't compete. Same thing with government bailouts, only in the other direction. The only acceptable force in businesses is the market force and the protection of individuals against fraud or encroachment; that is what drives prosperity and always has. That is why third world countries always looked to the US for aid and not planned and controlled economies like the Soviet Union or China.

Added: The reason that this was so exciting to me, finding that article, is because the theory is entirely validated. If a school of thought can not only analyze data as to what has happened, but can *reliably tell you what will happen as a result of a given action*, that validates the theory. How cool is it to have a theory that you know is good validated demonstrably by objective reality? The Austrians win again, and economics with predictive power? That's what it's all about. Even if in this case it's something that has been personally harmful to me.

March 14, 2009

Still Timely After All These Years

"From Planning for Freedom. Originally published in Farmand, February 17, 1951, Oslo, Norway." It could have been written yesterday. Behold.

The outlook of many eminent champions of genuine liberalism is rather pessimistic today. As they see it, the vitriolic slogans of the socialists and interventionists call forth a better response from the masses than the cool reasoning of judicious men.

The majority of the voters are just dull and mentally inert people who dislike thinking and are easily deceived by the enticing promises of irresponsible pied pipers. Subconscious inferiority complexes and envy push people toward the parties of the Left. They rejoice in the policies of confiscating the greater part of the income and wealth of successful businessmen without grasping the fact that these policies harm their own material interests. Disregarding all the objections raised by economists, they firmly believe that they can get many good things for nothing.

Even in the United States, people — although enjoying the highest standard of living ever attained in history — are prepared to condemn capitalism as a vile economy of scarcity and to indulge in daydreams about an economy of abundance in which everybody will get everything "according to his needs." The case for freedom and material prosperity is hopeless. The future belongs to the demagogues who know nothing else than to dissipate the capital accumulated by previous generations. Mankind is plunging into a return to the Dark Ages. Western civilization is doomed.

The main error of this widespread pessimism is the belief that the destructionist ideas and policies of our age sprang from the proletarians and are a "revolt of the masses." In fact, the masses — precisely because they are not creative and do not develop philosophies of their own — follow the leaders. The ideologies which produced all the mischief and catastrophes of our century are not an achievement of the mob. They are the feat of pseudoscholars and pseudointellectuals. They were propagated from the chairs of universities and from the pulpit, they were disseminated by the press, by novels and plays and by the movies and the radio. The intellectuals converted the masses to socialism and interventionism. These ideologies owe the power they have today to the fact that all means of communication have been turned over to their supporters and almost all dissenters have been virtually silenced.

What is needed to turn the flood is to change the mentality of the intellectuals. Then the masses will follow suit.

Furthermore, it is not true that the ideas of genuine liberalism are too complicated to appeal to the untutored mind of the average voter. It is not a hopeless task to explain to the wage earners that the only means to raise wage rates for all those eager to find jobs and to earn wages is to increase the per-head quota of capital invested. The pessimists underrate the mental abilities of the "common man" when they assert that he cannot grasp the disastrous consequences of policies resulting in capital decumulation. Why do all "underdeveloped countries" ask for American aid and American capital? Why do they not rather expect aid from socialist Russia?

The acme of the policies of all self-styled progressive parties and governments is to raise artificially the prices of vital commodities above the height they would have attained on the markets of unhampered laissez-faire capitalism. Only an infinitesimal fraction of the American people is interested in the preservation of a high price for sugar. The immense majority of the American voters are buyers and consumers, not producers and sellers, of sugar. Nonetheless the American government is firmly committed to a policy of high sugar prices by rigorously restricting both the importation of sugar from abroad and domestic production.

Similar policies are adopted with regard to the prices of bread, meat, butter, eggs, potatoes, cotton, and many other agricultural products. It is a serious blunder to call this procedure indiscriminately a profarmers policy. Less than one fifth of the United States' total population is dependent upon agriculture for a living. Yet the interests of these people with regard to the prices of various agricultural products are not identical. The dairyman is not interested in a high, but in a low price for wheat, fodder, sugar and cotton. The owners of chicken farms are hurt by high prices of any agricultural product but chickens and eggs. It is obvious that the growers of cotton, grapes, oranges, apples, grapefruit, and cranberries are prejudiced by a system which raises the prices of staple foods. Most of the items of the so-called profarm policy favor only a minority of the total farming population at the expense of the majority, not only of the nonfarming but also of the farming population.

Things are hardly different in other fields. When the railroadmen or the workers of the building trades, supported by laws and administrative practises which are admittedly loaded against their employers, indulge in feather-bedding and other devices allegedly destined to "create more jobs," they are unfairly fleecing the immense majority of their fellow citizens. The unions of the printers enhance the prices of books and periodicals and thus affect all people eager to read and to learn. The so-called prolabor policies bring about a state of affairs under which each group of wage earners is intent upon improving their own conditions at the expense of the consumers, viz., the enormous majority.

Nobody knows today whether he wins more from those policies which are favoring the group to which he himself belongs than he loses on account of the policies which favor all the other groups. But it is certain that all are adversely affected by the general drop in the productivity of industrial effort and output which these allegedly beneficial policies inevitably bring about.

Until a few years ago, the advocates of these unsuitable policies tried to defend them by pointing out that their incidence reduces only the wealth and income of the rich and benefits the masses at the sole expense of useless parasites. There is no need to explode the fallacies of this reasoning. Even if we admit its conclusiveness for the sake of argument, we must realize that, with the exception of a few countries, this "surplus" fund of the rich has already been exhausted. Even Mr. Hugh Gaitskell, Sir Stafford Cripps's successor as the Fuhrer of Great Britain's economy, could not help declaring that "there is not enough money to take away from England's rich to raise standards of living any further."

In the United States the policy of "soaking the rich" has not yet gone so far as that. But if the trend of American politics is not entirely reversed very soon, this richest of all countries will have to face the same situation in a few years.

$18

Conditions being such, the prospects for a genuinely liberal revival may appear propitious. At least fifty percent of the voters are women, most of them housewives or prospective housewives. To the common sense of these women a program of low prices will make a strong appeal. They will certainly cast their ballot for candidates who proclaim, "Do away peremptorily with all policies and measures destined to enhance prices above the height of the unhampered market! Do away with all this dismal stuff of price supports, parity prices, tariffs and quotas, intergovernmental commodity-control agreements, and so on! Abstain from increasing the quantity of money in circulation and from credit expansion, from all illusory attempts to lower the rate of interest and from deficit spending! What we want is low prices."

In the end these judicious householders will even succeed in convincing their husbands.

In the Communist Manifesto, Karl Marx and Frederick Engels asserted, "The cheap prices of its commodities are the heavy artillery with which capitalism batters down all Chinese walls." We may hope that these cheap prices will also batter down the highest of all Chinese walls, viz., those erected by the folly of bad economic policies.

To express such hopes is not merely wishful thinking.

February 27, 2009

No Debate - More Madness

How is it that this petty dictator, this tyrant, is RAMMING this shit through WITHOUT any procedure, WITHOUT any debate, WITHOUT meaningful opposition...yet the left is stomping and screaming about the mean tone of conservative talk show hosts (while using and employing more hate-filled words and rhetoric than any talk show host ever could) and stomping and screaming about "obstructionists" who can't possibly mount a meaningful opposition even if they wanted to? What kind of la-la land are those people living in? Look, I remember Reagan being accused of bankrupting future generations as well (by people who conveniently ignored the fact that he had a completely democrat congress and senate who demanded shit spending) and of course Bush was accused of the same thing (while Clinton was lauded for a false snapshot "surplus" that was never used to pay down any actual debt) so I'm not necessarily going to complain that we can't pay for it. Which we can't. Of course calling tax cuts an "expense" is a false complaint in the first place, and measures that ACTUALLY stimulate and grow the economy (unlike runaway spending on make-work projects and earmarks and caps collapses the economy) are at least helpful in many ways. But try explaining economics to a leftist. Heh. This runaway spending is a sure recipe for quick disaster - Obama actually knows this, it seems, which is why he keeps warning us that it's going to get a lot worse. This is nothing but a reformatting of our entire personal liberties and system of self-governance and it's just being railroaded through before anyone can blink. It's tyranny, it's despotism, it's riddled with outright lies, and there is no comparison here between anything a conservative president or legislature has done in the last 30 years or even 50. Bankrupt the people, break their backs quickly and surely, like a cat with a tasty mouse, destroy property rights and personal liberties, and you're left with nothing but a petty tyrant and dictator. I don't know which of his cronies are going to be thrown to the wolves - Pelosi? Reid? But Obi-wan is angling for absolute rule here, and it's coming. Quickly. Actually it's here; we just haven't felt the pain yet. I see the curtains being drawn very quickly on this experiment that has held up pretty well for 200 years, this experiment in self-governance and curbing voracious government. It's a dark and bloody vision, but if you can't see it, I have to think you're blind. We didn't know for sure he would do all this, but we know now. And some of you have the gall, the balls, to complain that we wanted it to fail. If you didn't, you're a fool.

Do not forget to go to Copious Dissent so that our friend in the video gets credit for his courage.

February 13, 2009

Red or Blue?

I love the Alice In Wonderland/Looking Glass imagery throughout the original Matrix. The other two movies suck wind, IMHO, but that one was pretty damn good.

Anyway, it is with a slightly surreal feeling that I quote one Lew Rockwell here, considering that, as I've stated many times before, he and I parted company more than 7 years ago. If the world were NOTHING but an economy I would have to agree with him; but he seems to forget the existence of insane people bent on destruction, and the need for defense. He even took up an ill-advised jaunt with the Huffington Post. But I really don't want to put a slew of disclaimers around everything I quote from the man (what am I, some PC slave?) because frankly, when it comes to economics there isn't much to argue here. And thus I present some indisputable info from that very source which ought to make its way to the ears of all possible hearers.

Obama's Wealth Destruction

President Obama is under the impression that history owes him $1 trillion right now to spend on whatever he wants. His language is strident and full of irritation that anyone would question his right to live out his personal dream of being Franklin Roosevelt to George Bush's Hoover. This, he says, is what the election was all about.

It just goes to show you that the presidency is something like a drug. It makes people lose all connection to reality. Part of the reality that Obama needs to recognize is that the New Deal was a calamity far worse than the initial market downturn that began it. He needs to stop basing his policies on dumbed-down civics texts versions of events and consider the economic logic.

I believe I just gave a brief rundown of that in my previous post, did I not? The initial downturn is NOT what causes a depression or a prolonged recession. Reagan proved that with that colossal market crash in '87. Oh, the newspapers were trying to scare the SHIT out of us! You know what happened? If you wanted to work, there were MORE jobs available pretty much the next freaking day. You had MORE choice, MORE power as an employee - you could make MORE money and CONTINUE your upward mobility more than ever before. Bad debts were gone; the immense destructive power, the shock and awe of the market only serves the market; and not in the "long run", either. Billions of individuals making billions of individual decisions converging into one ultimate force - the price - these are wondrous, constructive things.

With his rhetoric and policies, he has decided to demonize private enterprise, just as FDR did, as a way to present government as the great savior. Now, think about this. If there is a way out of the recession, it will have to be provided by private enterprise. It will come by new businesses, business expansions, entrepreneurship, new technology, and this will be the source of lasting jobs and prosperity.

Meh, don't blame him; he's echoing (just as Rush Limbaugh doesn't lead but merely echo the sentiment of millions of "Dittoheads") the sentiments of countless lackeys who think just. like. he. does. They've been trained to. The socialists have been in control of the publik de-edukation system and the colleges for a long time, sir. He's doing what we as a people (under the tyranny of the overpopulated, urbanite, latte-sipping city-dwellers have been demanding and demanding for a long time.

You cannot make a country rich by looting taxpayers and paying people to pound nails into siding at public schools! These activities amount to capital consumption. They are not sources of investment. You can say that they are stupid tasks or wonderful tasks, but it is not a matter of ideology as to whether such public projects will make us all wealthier. They will not. They drain the sources of wealth from society. They represent a cost, not a blessing.

I know that, and you know that, and frankly a good many of THEM know that...ask your pal Katie Couric what she thinks as she giggles with Pelosi over raping our civil rights with Porkulus Maximus and how hot Obi-wan is. They DON'T CARE. Those of us who CARE about that have been trying to ram a clue into the GOP while you've been screaming about the war and buddying up with leftists, for whom it will never, ever be enough.

I'm not so cynical about human affairs that I believe that errors must be endlessly repeated. Obama can put a stop to his madness. He needs to know — someone must tell him frankly and openly — that his current path is going to lead not to recovery, but to an extension of suffering, and untold amounts of it.

Well then maybe you're not cynical enough. Maybe you don't KNOW much about Saul Alinski and his disciples (such as Hillary, Wright, Ayers, Obama, et. al.) See, they know it and they WANT it. It gives them massive amounts of power, and THEY aren't the ones suffering under it, are they? Or maybe you haven't read Ayn Rand's discussion of slaves and masters. The man who speaks to you of sacrifice is speaking of slavery, and HE intends to be the master. If he's the master, where's the harm? See, I'm cynical enough to believe that Obama doesn't WANT the country to flourish and prosper but rather to be piddling slaves begging scraps off his and the government's table. We know this from the Soviet Union. THIS is why sometimes WAR is necessary, Mr. Rockwell, even though it is an economic loss. Because there ARE evil people in the world who would make you a slave even if it hurts them in the short or long term.

Go and read the rest of it, if you feel like putting up with the (some of it deserved) Bush-bashing. Say what you want about Bush, he didn't seek to crush the US under his boot and make it his servant.

Economically, he's pretty much spot on. Tragically so.

Take a fucking pill Neo. Which one will it be? If I had the power to erase my own memory and eat a fake steak that tasted good, I just might take the pill that let me do that and remain in ignorance. Unfortunately madness is not a voluntary option. The only really voluntary option in such a case is suicide (not an option for me) and possibly booze (I can do that one, within reason.)

Poor market - making its adjustments. It doesn't know what's about to hit it. Good times WERE just around the corner (not the doom and gloom Obi-wan keeps promising - but hell, even he knows what he's bringing on us.)

February 12, 2009

Oh, Ezra - Echoing New Talking Points/Memes

From Ezra Klein, The Columbia Dispatch, and most leftist blogs who just parrot their talking points: "U.S. Rep. Steve Austria said he supports a scaled-down federal economic-stimulus proposal, but the Beavercreek Republican told The Dispatch editorial board that the huge influx of money into the economy could have a negative effect.

"When (President Franklin) Roosevelt did this, he put our country into a Great Depression," Austria said. "He tried to borrow and spend, he tried to use the Keynesian approach, and our country ended up in a Great Depression. That's just history."

Most historians date the beginning of the Great Depression at or shortly after the stock-market crash of 1929; Roosevelt took office in 1933.

Followed by whatever snark or silliness the blogger in question wants to add. First of all, Steve Austria doesn't know what he's talking about. This is not a huge influx of money INTO the economy - this is taking money out of your purse and putting it into your pocket. Or more accurately, a behemoth taking money out of everyone's pockets at the point of a sword and putting it willy-nilly wherever they see fit according to Porkulus. This is not an "influx" of money, this hasn't been created or produced - it's stolen, it's fiat money.

In the American context of the Great Depression, one book captures the whole onset and response. It is Murray Rothbard's America's Great Depression. He shows that it wasn't the 1929 crash that was the problem; it was the response to the crash that created the Depression. Bailouts. Price controls. Wage controls. Government programs. Trade restrictions. Crackdowns on the capital markets. And who did all this? It originated not with FDR but with Herbert Hoover — clear echoes of today. There is no understanding the present crisis without this book.

There was a massive crash (equal to or greater than 1929) that occurred during the massive Reagan boom. The response? Nothing. The press squawked for a day or two that we were going to sink into a massive depression, but there was nary a blip. Bad companies folded and new ones sprang up immediately; bad debt disappeared and good investors filled the gaps. No one got bailed out, and the market adjusted pretty much overnight. Had they been distorting the market consistently as in recent years with interventions by government, trying to stave off possible recession (which is just the name of the period when the market adjusts from distortions, on its own), there might have been some temporary ill effects, as postponing the inevitable makes the eventual reality worse each time. But society was quite upwardly mobile at the time, and no such thing happened.

This time, we are going the Hoover/Roosevelt route. First bailouts, then caps, controls, and finally, the monster with a trillion heads - Porkulus Maximus. The same Keynesian route Roosevelt took that deepened and prolonged the Great Depression into permanent proper noun status. We can eventually recover, but only with an eventual return to a free market, a period of adjustment (which will NOW, due to massive intervention and distortion, be longer and more painful than it need have been) and a reversal of these absolutely destructive and unconstitutional plans. I'll include a layman's explanation below, but buy the book so you can get a handle on the reality here and not just buy into these ludicrous talking points that really, make no economic sense.

February 6, 2009

Milton Friedman PWNS Phil Donahue

1979. Donahue does his thing. While he is not as funny as Phil Hartman impersonating him, he's still kinda funny. In a "laughing at you" kind of way. But Milton shreds him pretty handily. Enjoy.

February 5, 2009

Fucking Genius

This guy is hilarious, and holy shit - lay it on the LINE why don't you? LMAO

A Trillion and a Modest Proposal

A Trillion Stars.

There's a talking point right now about how a trillion dollars in federal spending (falsely named "stimulus") could not even be matched if you were to spend a million dollars per day for two thousand years. They specifically mention "since Jesus' birth" to give it a reference point. There are charts and graphical representations attempting to give an inkling what a trillion is, but it's a number only astronomers really understand (and I'm not sure they do either.)

The left is annoyed at this attempt to explain the astronomical number to people so that they can comprehend it, but they're just being stubborn. They know that if it is a trillion in deficit by Republicans they get more than ornery about it too, and will use any analogy to explain it to people and piss them off about the number.

Obama already addressed the atrocity of a trillion dollars, though, and the answer is quite simple. He claimed that if we were only to return to the "obesity" rates of 1980, we'd save Medicare a trillion dollars. The answer is thus quite simple. If the government wants to spend a trillion dollars, they have to find some cheap way of eliminating all us fat people. Death camps are too expensive - maybe we can get hold of some cheap cyanide, have them all line up to voluntarily take it, spend a few million on new jobs digging mass graves, and instruct them all to jump in neatly after consuming the poison. Just a modest proposal. I'm sure others can expound on ways of doing this cheaply and neatly. Then we'll have our trillion dollars to spend on health care! But who's gonna need it once all those icky fat people are dead?

February 4, 2009

A Novel Idea

Ok, so it's not new at all. It's just sound economics.

Massive spending of nonexistent money to *improve* the economy ought to, on its very surface, sound like madness. Unfortunately, some people think it is the meaning of "stimulus."

If my mortgage is late, and my car needs major repairs, and my phone, power and gas are on the verge of shutoff, and my taxes come due (because I must be punished for being one of those "rich" working class people who actually earns my daily bread), would it sound like a good idea to take out a home equity line of credit and spend it painting my walls and putting in new floors? Would that "stimulate" our household economy? Or would we be the biggest fools in the world?

So what makes you think that would work for an entire country, exactly?

The ONLY proven means of causing an economy to rebound is to get the hell out of the way, STOP the government intervening and spending what it doesn't earn or have, and let the market adjust. A free market is a self-adjusting system. Granted, you might have to go get a J-O-B if you find yourself in trouble, but there are worse fates in life, honest.

In fact, when people tell agitators who are out pounding the pavement demanding a bigger piece of my hard-earned money to pay for their health care and housing and food to "Get a Life" that is generally what they mean. They don't mean stop caring - they mean start caring about the right things. They mean that most of us don't have the luxury of spending all our waking hours whining on blogs or making petitions for socialized health care and demanding a piece of the pie that OTHER people are working hard to bake - we have jobs to do in order to make sure that our own needs are met and hopefully something left over for our children and even our friends who are in worse shape. If more people would spend their time in productive pursuits and realized that government is actually an impediment to things working properly and helping the most people in the greatest fashion, would in fact, get out and start making their own pies, a lot less senseless political squabbling would take place, and the economy would improve, as it is wont to do when left alone to the people that make it work. The working people ARE the activists - as in, they are active AND productive. It was action by THOSE people (not by activists demanding that *government* act FOR them) that put a man on the moon, manifested the Westward expansion, and won the World Wars.

I realize this crazy idea of a self-adjusting free market sounds crazy, but it works - really it does! There are plenty of economists who understand this, not that they are often featured on the Obamedia, but they're right. It's time to get out of fairyland, it's time to stop trying to cut open the goose that laid the golden egg (so you end up with a handful of guts and no gold) and time to get back to common sense free market principles that work. Yes we can!