Archive for the 'Election / Politicians' Category
Distribution differences. I’ve been writing about this for years. Libertarians are smarter than progressives, progressives are smarter than middle left and conservatives. Smart conservatives identify as libertarian, smart leftists identify as progressive. by comparing the minority elite against the majority the conclusion is obvious. This bit is an interesting explanation: People who vote republican are smarter than people who vote democrat. Why? Distributions.
Besides, these self-identifying things don’t tell us much. Instead, look at voting patterns: class, race, income, religion, country of origin, marital status, education and attractiveness determine your voting preferences. Single women vote left and that is the left’s appeal since single women are so significant that they tilt the majority distribution (in america.). Single women guarantee left movement, married women right movement. The rest is noise. We vote our status signaling, which means we vote our reproductive strategies in competition with one another. Not surprising.
Conservatives are better looking. The world appears more just and fair than it does to people who are less good looking. (Data on this since I think the 70’s? Remains constant.) People give you more time and attention, treat you more positively, and you make more money. etc. Also roughly equates: genetic, social, and economic classes are highly correlated. This means the status quo is a positive. ie: conservatism.
On the other hand, the way it works is this: 87% of republicans are white. And the republican party is increasing in its ‘whiteness’. The democratic party is increasing in its brownness (non whiteness). The academy is largely underclass, and business is largely middle and upper middle class. non-whites vote left and white single women vote left. Obvious stuff really: successful families wanna hold what they make, and underclasses want to take it. Simple.
Of course, Slate ignores the fact that until very recently, Europeans were the only group that divided their vote in a meaningful way. The left is appalled now that Europeans are becoming *slightly* more similar to all other groups — ie. self-conscious and tribal.
Grovel! Seek power only through weakness! Seek power through misery! Through failure. Weakness is strength. Failure is success. The hideous is beautiful.
In a gesture that is sure to win applause from supporters of Israel within the Republican electorate, Sen. Rand Paul (R-Ky.) on Monday will introduce a bill that would stop U.S. aid to the newly formed unity government in Palestine unless certain demands were promptly met, including a cease-fire and a public declaration of Israel’s right to exist.
Kissing the ring.
Every once in a while, I peek over the parapet of my smart, sentient, reasoning friends to see what the rest of the world is talking about. Usually, I get hit in the eyes and ears with bewildering, invincible stupidity.
In the words of Murray Rothbard: “It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”
1) “The Boom Bust period of 1797 to 1933.” It’s very important to understand that booms and busts are caused by artificial increases in the monetary supply (Austrian Business Cycle Theory). She doesn’t seem to have a grasp on this. http://mises.org/daily/672 Business cycles are not caused by a lack of regulation.
2) Why 1797 to 1933? These are very strange years to demarcate. 1914 is a much more obvious boundary because it symbolizes the creation of the Federal Reserve. Of course, using this as a boundary would implicate the government’s role in the crashes of 1921 and 1929. She is cherry picking by choosing 1933. http://www.amazon.com/Americas-Great-Depression-Murray-Rothbard/dp/146793481X
3) Pre-1914 booms and busts. If you don’t criminalize fractional reserve banking, then bank-runs should be regarded as a GOOD thing. Bad banks went bankrupt. Good ones remained. Customers were careful. Responsible people succeeded. Irresponsible people found other work. The 1914 creation of the Federal Reserve was a government take-over of the money-printing process.
4) If you want to get rid of booms and busts, you must firstly understand understand ABCT, and secondly you must get rid of fractional reserve banking which is inherently fraudulent. We don’t even need more laws to accomplish this. They just need to stop putting people in jail who trade in silver or gold (http://www.nytimes.com/2012/10/25/us/liberty-dollar-creator-awaits-his-fate-behind-bars.html) and the market will, all by itself, move from fractional reserve money to sound money.
4) FDIC insurance. Banks used to advertise their liquidity to customers because it matters. Now that everyone is insured by the US taxpayers, it no longer makes any difference where you bank. Since the government has put all the RISK on the taxpayers, let’s not be surprised that the bankers act more recklessly.
5) “We had to bail them out” WHY?????? Why isn’t letting irresponsible banks go bankrupt ever on the table? I had an internet business that didn’t do so well. Why didn’t I get bailed out?
6) The S&L crisis was caused by deregulation. No it wasn’t. It was caused by government removing risk from the banks and them (very predictably) acting irresponsibly. Instead of letting them go bankrupt, the taxpayer was forced to bail them out further promoting risky behaviour.
7) The crisis with the hedge fund Longterm Capital Management was caused by deregulation. No it wasn’t. It was caused by government removing resk from the banks and them (very predictably) acting irresponsibly. Instead of letting them go bankrupt, the taxpayer for forced to bail them out further promoting risky behaviour.
8) There is even more centralization in the banking industry since 2008-2013. If you stop fucking bailing out the Big 4, then smaller, more responsible banks would have taken over their assets long ago.
9) Regulation works. No it doesn’t. The Bernie Madoff Ponzi scheme was handed to the SEC on a silver platter by a PRIVATE investor looking out for his investment. They SEC ignored it while the Ponzi scheme grew from 4 billion to 50 billion. Bernie Madoff bragged about his close relationship with the SEC. The only regulation that works is letting irresponsible people go bankrupt.