The crisis is about one third theft by banksters, one third theft by rude, arrogant, and uncivil civil servants, and one third theft by the bastard spawn of welfare moms. The split is not between rich and poor, but between tax consumers and tax payers. I have emphasized the role of affirmative action loans in this crisis, and on the evidence, the great majority of the American dud loans were …
If Keynesians believed what they say they believe …
Nobel prize winning economist Krugman tells us we need stimulus, that is to say, more deficit spending. Government needs to spend more to stimulate the economy, he tells us. Government spending puts money in peoples pockets. Then they spend stuff, so people get hired to produce stuff, so the newly employed get money too. Being employed rather than unemployed, they will produce and spend. So when the economy is in …
Anthropology stops pretending
Anthropology stops pretending to have contact with reality, and positions itself as pure brainwashing.
This wikileak good for the US
Pajamasmedia argues the leak is bad for the US The fact is, the WikiLeaks drop gravely hurts the U.S., not so much in what’s in the documents but in the disclosure itself. Imagine the U.S., China, Iran, Russia, North Korea etc etc all around a high-stakes poker table. WikiLeaks just took America’s cards out of her hands and plopped one of them on the table, while keeping the rest of …
Hurray for wikileaks
We need to spy on the state. The state is our enemy.   The government reads our emails. We should read theirs. I notice a lot of conservatives weeping big salt tears and calling for the assassination of Julian Assange because Wikileaks stole a pile of letters from the US government and made them public,   Yet most of the letters in the latest leak reveal that the US government is run …
The war with Islam was lost on the playing fields of Sidwell Friends
Roissy reports how when the Washington school to which the elite send their children made a poor sporting performance, their response to losing was childish, unsporting, and unmanly. Pajamas Media reports how unsportsmanlike attitudes are inculcated, and masculinity treated as a mental defect caused by testosterone poisoning. If the Battle of Waterloo was won on the playing fields of Eton, America was lost on the playing fields of Sidwell Friends. …
Decline of the west
The last man on the moon left in 1972 The tallest building in the united states was finished in 1974. Cars are becoming humbler. US electricity production was growing exponentially until 1972. After 1972 it grew more slowly. Per capita electricity consumption seems likely to have peaked around 2007 or so. Supposedly GDP is still growing rapidly, just as supposedly inflation is zero, but it seems improbable that GDP is …
Losing to Islam
Parapundit discovers that 130 000 US soldiers have suffered brain damage in Iraq and Afghanistan. This is far too high a price. We have to defeat Islam, but cannot do it this way. We have use methods that inflict much higher costs on Islam, at much lower cost to ourselves.
Like Hell There’s No Inflation
Business Insider tells us: Post Raisin Bran goes from 2.50 to 3.00 per box at Walmart. My favorite yogurt goes from .50 to .58 each at Walmart. Cherry tomatoes go from 4.98 to 5.98 per package. Walnuts go from 9.98 to 13.98 per bag at Sam’s. Bottom round goes from 2.48 to 2.68 per pound at Sam’s. Al Dente tells us What was once purchased for weekly meals at the …
Hyperinflation coming, but not soon
There is a lot of ruin in a nation. Glen Bleck predicts catastrophic instant inflation completely collapsing the currency and government in a single two week crisis. That is not the way hyperinflation happens. Hyperinflation consists of a series of hyperinflationary crises. In a hyperinflationary crisis, the value of money falls abruptly, typically to two thirds, half or a third of its previous value. The collapse occurs so suddenly that …