economics

The problems with Laissez Faire sexuality

In traditional society, women were strongly encouraged to refrain from sex before marriage, and marry responsible men with good jobs who were able and willing to support a family. Today, women are encouraged to follow their hormones, which tends to result in them have offspring with a long succession of sexy males who disappear, often into jail or dying violently, and who often rough them up and steal their money …

politics

Why Racefail 09 hates John Scalzi

John Scalzi said he wanted to have absolutely nothing to do with the racefail 09 debate, and would ban anyone who brings the debate to his blog. This non statement, and non communication, caused intense outrage, resulting in massive attack on John Scalzi, since all good leftists have to enthusiastically agree with the correct line, and failure to join the chant about the badness of various people under attack is …

links

Racefail 09

Hear the sound of the left ceasing to be the smart party, and becoming the stupid party: On the Livejournal science fiction blogs, there is, or recently was, a passionate debate called  Racefail 09, wherein lots of bloggers accuse other bloggers of being racists. Those accused of racism are those that are very left wing and very politically correct – they are those least likely to be guilty, most likely …

economics

The crisis has barely begun

“Naked capitalism” explains what has happened, and observes that the Bush-Obama policies caused it, are causing it, and are likely to cause a lot more of it. Government guarantees will be abused – and the broader the guarantees, and more chaotic the situation the more they will be abused.  The solution is that existing guarantees must be reduced, and existing government initiatives curtailed or at least allowed to expire.   Extensive …

economics

Obama plans massive permanent reduction in US standard of living

Under current USA nuclear regulations, you cannot launch any new nuclear projects unless the waste is going to go to a federally approved repository, and Obama has announced there is not going to be a federally approved repository.  Hence no new nuclear projects.  Obama has also announced that carbon emissions are going to be reduced sometime soon, though not yet.  If less carbon, then less coal and oil.  If no …

economics

The Stimulus bill

Bryan Caplan wonders why Brad Delong cannot comprehend those who doubt the effectiveness of the stimulus bill. Assume that creating value is easy, any brainless fool can do it, even the brainless fools at Washington Mutual. It is then immediately obvious that the government can make everything lovely by printing money and giving it to the morally worthy. Are car production lines shut down while unemployed workers idle? Just print …

economics

Warren Buffet explains how to lose a trillion

Warren Buffet explained how to lose a few trillion, here and there. Well managed companies, like Warren Buffet’s, don’t get government guarantees.  Badly managed companies with good political connections get government guarantees.  So naturally all the  capital floods to companies with a track record of losing it.This is capitalism in reverse.  For capitalism to work, the people who are good at managing stuff have to wind up in charge of …

politics

The degeneration of Britain

Three facts that have recently been in the news: The reversal of the Flynn effect.  The British youth of today really are dumber. Violence, drunkenness, laddie, and home invasion burglaries, where drunken lads smash into someone’s house and terrify the inhabitants.  The British crime rate is about double the US crime rate, and threatens everyone, whereas the US crime rate is very low outside areas with large numbers of protected …

economics

The run begins on Europe

Moody’ issued a warning on European banks, which implies that the smart money is moving out of the worst affected banks: Eastern European banks, and Western European banks with a lot of exposure to Eastern Europe.This, in turn, is putting pressure on European government bonds, as speculators doubt that European governments will be able to bail out their banks, or will go broke attempting to do so – the most …