Bernanke pledges to keep interest rates low for at least the next two years – meaning real interest are several percent negative. Large negative interest rates rapidly lead to economic crisis. “The low level of inflation is a validation,†Bernanke said. “There are some who were very concerned that our balance-sheet policies and the like would lead to high inflation. There’s certainly no sign of that yet.†Really? Sales have gone …
Not the cognitive elite
According to Murray, in the bad old days of elitism, the university was full of good old boys, rather than the smartest, but now, our elite are a bunch of really smart guys. Leading climate scientist Michael Mann and Nobel Prize winning economist Paul Krugman are really smart guys? The guys who write the New York Times are really smart?
Inflationary crisis?
According to the US census, estimated monthly sales have gone up ten percent in dollars between 2010 November and 2011 November. Have living standards gone up? Clearly living standards are falling. Total physical volume of goods shipped by rail has been falling over the past year, consistent with the general experience of falling living standards. Can anyone explain what is going on? This looks to me like slightly worse than …
The latest evil from Google
Google has recently been nailed in two more scandals: cold calling ignorant Kenyans with a scam offer and scary lies about Google’s competitor, and vandalizing open source maps which competes with Google Maps. While Google is wonderfully politically correct, and would never dream of suggesting that black people are stupid, the scam service they are selling in Kenya is predicated on the assumption that black people are stupid.
Burning the past
We are in the greatest era of book burning ever. Libraries systematically destroy their older books, without allowing staff to go through the books and sort out the valuable ones, the ones that would bring enormous prices on Amazon.com. This destruction allows a new past to be written, a demonized and hate filled past.
Mitt Romneycare, enemy of capitalism
Mitt Romneycare tells us: In the general election I’ll be pointing out that the president took the reins at General Motors and Chrysler – closed factories, closed dealerships laid off thousands and thousands of workers – he did it to try to save the business. Now that is an unusual strategy for winning elections.
Economic Decline
The BLS is arguably understating inflation and unemployment.
Ron Paul, only non leftist left standing
The three major candidates are Governor Romneycare, the man who provided the model for Obamacare, Ron Paul, and Rick Santorum. Rick Santorum’s nephew tells us: When Republicans were spending so much money under President Bush, my uncle was right there along with them
Economic effect of leftism
I found the 2005 and 2010 values for nominal gross state product of US states. I looked up Wikipedia for which states were right to work states. Over the five years, right to work states grew ten percent relative to non right to work states
Blacks chimp out for Christmas
La Griffe du Lion finds that though the average criminality of blacks is substantially higher than that of whites, the variance is substantially lower. This predicts that under a firm and effective law enforcement environment, in which only the most criminally inclined misbehaved, a black majority area would be safer than a white majority area. However in a lax environment, in modern anarcho tyranny where everything has been criminalized, except …