Hayek correctly predicted that socialism must be despotic, because it cannot operate according to laws, but according to decrees. And so we see the President issued a speech declaring his intent to ignore and unilaterally change some parts of a law, passed by Congress and signed by him, that he was suddenly finding inconvenient and then enforcing obedience on state employees, non federal government employees to obey his words and ignore his laws. But, Hayek tells us, even this does …
Category: economics
Progressives are channeling me
Not long before 10-10 no pressure came out, I compared environmentalists the French Revolutionary terrorists, and said that they would murder children for insufficient environmentalism, and then the revolution would devour its children. And lo and behold, they produce an ad depicting themselves murdering children for insufficient environmentalism, and then murdering each other. Observe, the Obama ads for Obamacare: Now people who actually work for a living will fund your self destructive behavior! Is it not great? Obamacare is wonderful …
Stupid U
Inequality, as you know, is rising (because of the mass importation of a low IQ Indio and Mestizo non working underclass from Mexico into the US) The progressive diagnosis was that university makes everyone affluent and middle class, so they would run everyone, especially women, through university. Unsurprisingly: Between 2000 and 2008 the typical earnings of men with at least a bachelor’s degree fell by more than $2,000, after inflation, to $70,332 a year. Between 2008 and last year they …
Murdering Grandma does not substantially save on health costs
All the intellectuals in the US who are officially deemed to be very smart people are officially telling us that the big problem with health care, the reason your Obamacare bills are going out of sight, is that keeping Grandma alive for a few months longer can cost unlimited amounts of money As you doubtless know, most government health care systems around the world wind up murdering Grandma to free up beds: “Prolonged deep sedationâ€; “The Liverpool Care Pathwayâ€. To …
Progress
In 1900, there were no planes, no space travel. Motorcars were toys that enthusiasts played with, not useful means of transport. There were no computers, no radios, no antibiotics, no rockets, no nuclear power, no knowledge or understanding of the interior the atom, no very useful plastics. In 1961 we had all of this stuff Since 1961, what have we got? The last man on the moon is getting pretty elderly. We have abandoned supersonic transport, and supersonic fighter planes …
CBO projects deficit under control.
Business insider points out the that the CBO projects the deficit to fall as a percentage of GDP over the next three years, neglecting to recollect that the CBO has been projecting the deficit to fall as a percentage of GDP for quite some time, while it has continued to soar as a percentage of GDP. The CBO has a record similar to that of Anthropogenic Global Warming models. Global warming models always predict doom, which never arrives, CBO never …
Technological failure of the silk road system
Silk Road servers stored all messages in the clear forever. The government placed malware on Tor exit nodes, located the Silk Road servers, raided servers, game over. Private messages should have been end to end encrypted, existing in the clear only on the computers of the sender and recipient, and should have been deniable, except for messages containing money, where the sender needed to be able to prove that the recipient account had received a message with a particular hash, …
On Fractional Reserve Banking
Fractional Reserve Banking is not the problem. Â Term Transformation is the problem. Australia and Singapore ban substantial term transformation, came through the recent financial crisis without problems.Â
Capitalism dead in the USA, live in China.
After ordering Pax fired for political incorrectness, Anil, who simultaneously holds both governmental and private enterprise positions, is both regulator and regulator, dispenser of government funds and recipient of government funds, has a talk with Pax. Â I was pretty amazed that he went for it. He flat out said that he wants his startup to be funded and wasn’t sure if it’d be possible after all of his, and I replied that it realistically wasn’t going to happen without the …
Cladistic analysis of neoreaction
As humans are bony fishes, and the Cathedral the heretical spawn of Cromwell’s puritans, the neoreaction is the heretical spawn of Libertarianism and anarcho capitalism. Consider for example the blog title Anarcho Papist. The Dark Enlightenment is libertarians mugged by reality, a libertarian who realizes that the eighteenth century was right about women, and Bull Conner right about blacks.. An anarcho capitalist favors a free market in law and defense agencies, defense agencies that are in many cases the private …