The Fundamental Problem of Economics states that people with infinite demands will attempt to meet those demands with limited resources. This predictably fails. The best we can hope for is what is called a Pareto Optimal solution where you pretty much do the best you can with what you have. Much of the debate between boosters of command economies and free market economies centers on how a society works towards getting more to dole out and a Pareto Optimal distribution of what they have.
The socialists in Venezuela solve this problem by rationing. They ration food. The socialists in America solve this problem by rationing. They ration donated organs available for transplant. This can lead to heart-breaking and intractable dilemmas in which there is no answer that maximizes everybody’s happiness. In just such a dilemma, US Secretary of Health and Human Services, Kathleen Sebelius learned just how hard a job it was to be queen.
It would appear Al Sharpton has turned over a new fig leaf these days. He now wants people who accuse others of wrongdoing to actually provide evidence. He now worries about the precedents that get set by false accusations. He hypocritically opines below. “The precedent that it would set for them to just bully an Attorney General out of office when there is no evidence | Read More »
Massive complexity cannot permanently attain equilibrium. Human beings lack the intellect and the moral character to manage it. Complexity is adopted because of the awesome societal benefits it offers both individuals and organizations. Mass production, mass communications, modern transport and modern medicine have so changed and enhanced the lives of the average American, that most of us would be dead without them. Yet, as complexity increases, its marginal unit costs increase and the marginal unit benefits decline. This interaction eventually leads to the marginal effect of further complexity becoming a negative instead of a positive. Nowhere has this become more painfully untenable than Detroit, MI. The city has become, in my humble opinion, the canary in the coal mine for urban America.
Detroit initially gained from complexity. General Motors came to symbolize the American commonweal. It was a social safety-valve where people who wanted to escape major injustices of American Society could come and try their hand at work that was dirty and hard – yet very lucrative compared to the alternatives. Detroit rode this growing complexity and incoming diaspora until it became the 5th largest American City and was nicknamed “The Arsenal of Democracy.” Then Motown rode the complexity curve over the hump.
A brief history of recent climate science puts this outstanding effort in its proper context. From about 1850 to nearly 2000 our planet appeared to be growing significantly warmer over time. There were fluctuations, but a trend was identified (and some would say artificially amplified) suggesting that our climate was warming at a dangerous rate. We have recently enjoyed a fortuitous leveling in what was previously a significantly alarming increase in the Earth’s Median Daily Temperature. From about 1998 to the present, the Earth’s temperatures have either stabilized or moderately decreased. The current controversial theories regarding human impact on the terrestrial climate failed to explain this departure from forecast. But rather than holding a polka dance to celebrate our likely salvation from climate-induced immolation, proponents of AGW engaged in an odious practice of “Hiding the Decline.” But why hide the decline when you can scientifically account for it instead?
Perhaps this old song from John Lennon played in President Obama’s head as he gave his recent speech at The National Defense University. It’s decent yet misguided naivete went through mine as I read about The President’s views on our war against Reactionary Islamic Fundamentalism.
Brett Easton Ellis begins his first novel Less Than Zero with a seeming Red Herring. Blair tells Clay (the anti-heroic protagonist) that “People are afraid to merge on freeways in Los Angeles.” This, of course, symbolizes the empty, existential ennui that Easton-Ellis posited as a monster poised to devour the children of 1980’s America. I sometimes feel that I live in an era marked by that monster’s triumphant conquest over what was once a great American Nation. I find myself forced against my will to believe the nation I once loved has succumbed to what I once described as “The Evil of The Blur.” I was born here and grew up here. I served in my nation’s armed forces of my own free will. I wasn’t exactly Rambo and never claim to be. However, I loved America without condition. Now I only remain patriotic to the memory and hope in all my delusional vanity that this is what we can again become. Now keep that in mind as you imagine what Osama Bin Laden thought about America on a typical day.
When Islamist fanatics Michael Adebolajo, 28, and Michael Adebowale, 22, allegedly murdered British soldier, Lee Rigby in Woolwich last Wednesday, it looked as if Enoch Powell was truly The Cassandra of Post-modern Great Britain. Could there be riots on the streets of England reminiscent of what has befallen Stockholm, Sweden in the last few days? Not if Dame Stella Rimington has her way. Here’s what British society would devolve into if we heeded her warning.
The 78-year-old, who was MI5’s first female Director General, said: ‘The community has the responsibility to act as the eyes and ears, as they did during the war where there were all these posters up saying the walls have ears and the enemy is everywhere. ‘There have often been indications in the community, whether it’s Muslim or anywhere else, that people are becoming extremists and spouting hate phrases.’
That kid got run over twice and those people just did nothing! We should denounce the People’s Republic of China. They are evil. They are malignant. They are materialists who have no value for human life what so ever. They could totally care less about someone else’s kids. Or not unless hypocrisy is the bow vice makes to virtue. You see, the PRC is an | Read More »
Markets around the world are deep in the red. England’s FTSE is down. 1.7%. France’s CAC 40 is down 2.3%. Germany’s DAX is down 2.4%. Spain’s IBEX is down 1.4%. Italy’s FTSE MIB is down 2.5%. In the U.S., the S&P 500 is down 0.8%. This follows sell-offs across Asia. Japan’s Nikkei fell by a stunning 7.3%.
I’m sure the parrots at CNBC Squawk Box are remarkably charming this fine and wonderful morning. And Jim Cramer has probably exploded and totally made a mess all over the set at “Mad Money.” However, you can get the same level of news content and far more entertainment by watching this Alien’s clip linked here. What staggers the mind is that all of this is caused by US Federal Reserve Chairman Ben Bernanke dropping hints that he might choose to reduce the rate at which he hands out free money to banking institutions via QE.
Since August or September of 480BC, Western Culture has been well aware of the power multiplier that comes with establishing and holding a choke point. When King Leonidas of Sparta held a vast army of Persians at bay for several days with a smaller force at Thermopylae; the world then knew that chokepoints were strategic fulcrums from whence power could be leveraged far beyond its initial limits. The economic analog to such a chokepoint is the monopoly. The government permit power is just such a chokepoint generating function to empower the state beyond its circumscribed constitutional limits.
When the government controls activity via permit, they are able to do several things that go far beyond their enumerated Constitutional powers. They can pick winners and losers. They can dictate the size and scope of activities without having to depend on the approval of courts or legislators. An agency wielding permit power can skim a surplus off the top through fees that go beyond the cost of providing inspection and certification related to the permit. Like a gang of brigands controlling a bridge, a regulating agency can use the permit power to dictate who gets to pass, how much traffic traverses the road and how much in bribes have to be paid in order to get across the river
I apologize. Lizz Winstead is no longer part of The Daily Show. An earlier version of this article strongly implied that she still directed the content of Daily Show jokes. ‘This tornado is in Oklahoma so clearly it has been ordered to only target conservatives,’ wrote comedian Lizz Winstead, in a tweet, around 3:30 Monday afternoon. (HT:Daily Mail) Earlier this Spring I pondered why this | Read More »
We sit by and watch the Barbarian, we tolerate him; in the long stretches of peace we are not afraid. We are tickled by his irreverence, his comic inversion of our old certitudes and our fixed creeds refreshes us; we laugh. But as we laugh we are watched by large and awful faces from beyond: and on these faces there is no smile.
The fridge had been totally nuked. The Jihadist Warlord Abu Sakkar tore off the fig leaf of civilization and revealed the gibbering, demonic barbarian behind the thin veneer of every civilized human being. Hit the play button below if you have a pretty strong stomach and your co-workers won’t get too upset. This ain’t your typical rugby party stunt. While not quite The Donner Party; it’s close enough for post-modernism.
What does Eric Holder really think of his fellow Americans? It’s a rhetorical question. I can’t read his mind and smut is not my thing. What does the average American Leftist really believe about Americans with whom they disagree? If Dr. Sternberg accurately pegged The Modern Left; perhaps this clip from The Matrix provides us the answer (Start at 1:55). Take out the words “Human Beings” and substitute “Conservatism” or “Conservative” instead, and you will see what Modern Liberals truly think of Modern Conservatives as human beings.
If you willing continue to compromise with those who believe that you are a virus, do not expect your life to substantially get any better any time soon. If you think well of those who consider you a cockroach, do you not admit to the universe that they are your masters? Within the limits of law and reason, we must oppose, defang, and destroy every functioning liberal that we can possibly get our hands on.
While the ORS* busies itself with the deliberate political harassment of Barack Obama’s political opponents, his Department of Justice seems to be busily engaged in doing similar things to members of the previously untouchable 4th Estate. Some of these previously loyal Professional Democratic Party Activists with press credentials have the utter effrontery to have gotten their backs up. Jake Tapper sticks it to Jay Carney in the exchange below.
Jake Tapper, the senior White House correspondent for ABC News, asked White House Press Secretary Jay Carney how public support of those journalists’ work “square[s] with the fact that this administration has been so aggressively trying to stop aggressive journalism in the United States by using the Espionage Act to take whistleblowers to court. There just seems to be a disconnect here,” Tapper added. “You want aggressive journalism abroad; you just don’t want it in the United States.”
As the vassals of Barack Obama busily minding the 4th Estate threaten to go rogue and commit spontaneous acts of professional reportage, the alarm claxon sounds and the highly trained manipulators of Media Matters man the trebuchets in defense of the empire. They tell us all what key issues must be raised. A discussion can’t flow freely – it must be channelized in the manner suggested below.
The funny thing is that my participation in Conservative circles has allowed me to know a statistically large number of people who recently have been audited. The ones who haven’t often know someone who has. I mean, unlike the Kenyawn Birf Surtifikate, or Tom Fife’s “business trip” in Moscow, I’m hearing from people who are solid, real-life Conservatives who have actually gotten that metaphorical midnight knock on the door. I’m not a guy who believes the Gubbermint LIHOPed 9/11. Yet, it’s amazing how this one, peculiar segment of the population would have so much time and energy invested in them by the IRS. Maybe we should all feel honored. Not everyone receives so much care and attention from the Post-modern Amerikan State.
I would argue Baltimore is not a statistical outlier, but rather a predictable precursor – a canary in the coalmine if you will that indicates what American cities will increasingly degenerate towards going forward if our nation does not significantly reform how we handle them. Cities in Post-Modern Amerika suffer from an interlocking directory of failure modes which retard their economic and social development. This scares many productive and worthwhile people out of setting foot on one of their streets unless necessity brooks no other course of action. A typical American City will usually be worse than the surrounding countryside in crime, illegitimacy, educational outcomes, and economic opportunity. This is precisely opposite of how it was originally intended to work.