The financial crisis was in large part accounting fraud. America has lost trillions of dollars through accounting fraud. Accounting fraud is a felony. Yet those who were primarily responsible for this fraud continue in positions of wealth and power, for example Senator Chris Dodd (D-CT) and Representative Barney Frank (D-MA). Further, the fraud continues. Hot air summarizes “Mark to Myth†and other blogs reporting on the continuing fraud. Zero hedge …
Why “stimulus†does not work.
We do not want jobs. We want creation of wealth. Regrettably, creating wealth usually requires an unreasonable amount of work. Even more regrettably, doing an unreasonable amount of work is unlikely to create wealth. Thus if we try to “create jobsâ€, we are likely to destroy, rather than create, wealth. It is very easy to create jobs. The chain on the chainsaw breaks, and one has to use an axe. …
Republican party hacked
Entryism is a small team of conspirators trying to manipulate and control another organization – usually a larger organization with a bigger mailing list and more funds. If one entryist is in an organization with assets and name worth having, there are usually others.
Betraeus, the candidate to smash the GOP
So a general who has been conducting a losing war will unite the GOP behind everything it hates, plus a policy of continuing to lose the war for the next four years. Watch out for flying pigs.
The Cathedral and social decay
In 1984, I said the Soviet Union was falling. In November 2005, I said the mortgage market was collapsing. I was very far from being the first to say those things, but I was in a minority when I said them. And here is another prophecy:  The decline of our currency, and the our inability to rebuild the two towers, are symptoms of an illness that will bring about American …
Care Bear war in Afghanistan
McChrystal’s plan is to win the war by being nice, playing nice, and reminding our enemies of their inherent niceness, to win the war by means of rainbows and pink unicorns, care bear style. The trouble with this plan is that you cannot impose a more peaceable variety of Islam while the less peaceable variety answers words with bullets.
Arnold Kling predicts inflation
Inflation has already come back.
Latest global warming scandal in short
For the last ten years or so, every year or so a study has been issued which supposedly confirms the infamous Hockey Stick graph, which supposedly shows the world’s temperature has been pretty constant over the last thousand years or so and then has suddenly started rising in recent decades. Global Warming! Time to Panic! And each of the these charts supposedly replicates each of the other charts. For a …
Inflation comes roaring back
People who argue for “stimulusâ€, or more “stimulusâ€, often correctly point out that no one doubts that government can increase nominal GDP.  Zimbabwe and Weimar Germany are excellent examples of government rapidly increasing nominal GDP. The question is, can government spending, particularly government spending on favored individuals and groups cozy with the government, increase useful employment, create real jobs that produce real value, create jobs where people work to produce …
Why women want assholes
Marriage and civilization are created by men, and imposed on women and children, sometimes forcibly and with a great deal of physical violence.