Saturday, September 22, 2018

Reverie

The man who dies rich dies disgraced. -Andrew Carnegie, industrialist (1835-1919)




Joseph Stiglitz is an influential man, especially in the Democrat Party. The following is from an article by Epstein:

"In 2006, Nobel Prize–winning economist Joseph Stiglitz praised the economic policies of Hugo Chávez. The Venezuelan president ran one of the “leftist governments” in Latin America that were unfairly “castigated for being populist,” Stiglitz wrote in Making Globalization Work, published in September of that year. In fact, the Chávez government aimed “to bring education and health benefits to the poor, and to strive for economic policies that not only bring higher growth but also ensure that the fruits of the growth are more widely shared.”

....

Stiglitz’s proposal for how future meltdowns can be prevented: empower incorruptible regulators, smart enough to do the right thing. “[E]ffective regulation requires regulators who believe in it,” he wrote. “They should be chosen from among those who might be hurt by a failure of regulation, not from those who benefit from it.” Where can these impartial advisors be found? His answer: “Unions, nongovernmental organizations (NGOs), and universities.” An effective regulator, in other words, sounds a lot like Joseph Stiglitz. "
Unreflective? Or just shameless?




 “Improving consumers’ healthcare literacy could save the U.S. healthcare system billions of dollars per year, according to a new analysis from Accenture.” Data show 52 percent of healthcare consumers are “healthcare illiterate,” which “means they don’t understand coverage terms like ‘premium,’ ‘deductible,’ and ‘copayment.’” In addition, they “don’t understand what it means to be in- or out-of-network or what a prior authorization is.” The article also said insurance companies “and employers spend $1.4 billion on high-literacy consumers and $4.81 billion on low-literacy consumers annually, suggesting they could save $3.4 billion per year if all consumers were healthcare-literate.”


The problem is that ethics in economics has been thoughtlessly attached to Rousseau’s notion of a general will.  Deep in left-wing thought and in a good deal of right-wing thought about the economy is the premise, as Isaiah Berlin once put it, that government can accomplish whatever it rationally proposes to do.  As has been often observed about leftists even as sweet as was John Rawls, the left has no theory of the behavior of the government.  It assumes that the government is a perfect expression of the will of The People.  So goes the welfare economics of Abraham Bergson and Paul Samuelson and the public finance of Richard Musgrave, and behind them the (mathematically incoherent) goal of the greatest happiness of the greatest number, to be achieved by wise utilitarians in government.  The liberals such as James Buchanan do have a theory of government, and a good deal of empirical work to back it up.  Liberalism has always been a theory against and therefore about coercion.  When my left-wing friends, of whom I have many, claim with a knowing smile that in admiring markets I am “ignoring power” I have a way of replying: no, dear, it is you who are ignoring power, the power of the monopoly of violence called a government. --McCloskey


 
Match the elements of the wine with the elements of the food. The three elements of wine that you want to consider when pairing are acidity, sweetness and tannins. The elements of food that you want to consider are spiciness, saltiness, bitterness, umami, sweetness, and fats. Acidic wines work well with spicy, salty, fatty and umami foods. Tannic wines work well with fatty and salty foods, and clash with spicy foods. Off-dry wines work well with spicy and bitter foods. And sweet wines can work with sweet foods as long as the wine is sweeter than the food. The elemental pairing is depicted in short form below.


 

Sweet Wine: Sweeter food


Off-Dry Wine: Spicy or Bitter food


Acidic Wine: Spicy, Fatty, Salty, Umami


Tannic Wine: Fatty and Salty (no spicy)



From the always insightful Thomas Sowell: "When you consider what an enormous windfall gain it is to be born in America, it is painful to hear some people complain bitterly that someone else got a bigger windfall gain than they did."

This is probably not tattooed on the Congolese woman who climbed the Statue of Liberty.

Ned  thinks he's mundane; I think he has that simplicity of genius.




When the Democrats nominated the first Roman Catholic for president, Al Smith in 1928, opponents warned that all Protestant marriages would be annulled and all Protestant children declared bastards if the Catholic were elected. Republicans circulated pictures of Smith posing before the almost-completed Holland Tunnel with a caption declaring that instead of emptying into New Jersey, it really led 3,500 miles under the Atlantic Ocean to the basement of the Vatican. After his loss to Herbert Hoover, Smith was reputed to have quipped that he had sent a one-word telegram to the Pope: "Unpack."



Who is...Jordy Bellerive?
 


Himmler decided to start medical experiments on prisoners of death camps. And Lysenko sought to build the Russian agricultural system on an anti-gene philosophy. (The genes did not have enough dialectic.) What is it about these homicidal despots with superficial homicidal social philosophies that makes them co-opt science? (Hint: arrogance)



Mercantilism is a logical narrative. It just isn't true. Like so many of these ideas, some simply impoverishing, some overtly homicidal, it arose, did its damage and should be gone. But it's not gone. Nor is communism. Or socialism. We poor humans are stalked by these vampire notions that rise from the dead in their periodic re-haunting.

(An aside: How could the intensely mercantile Spain--looting the Americas with such success--have failed?) 

 

The Pens had 3 players going to Team Canada’s World Junior camp this summer. They are the recently drafted defenseman Calen Addison and forward Justin Almeida, as well as undrafted free agent signing Jordy Bellerive. Bellerive was in the hospital for 12 days after being badly burned in a campfire explosion but showed up for camp.


Oh. Great. A report suggests “sugar-sweetened beverage (SSB) intake is associated with low serum testosterone levels among men aged 20–39 years in the US." The findings were published in Reproductive Biology and Endocrinology.















In the early 1990s, the Law School Admission Council collected 27,000 law student records, representing nearly 90 percent of accredited law schools. The study found that after the first year, 51 percent of black law students ranked in the bottom tenth of their class, compared with 5 percent of white students. Two-thirds of black students were in the bottom fifth of their class. Only 10 percent of blacks were in the top half of their class. What this means, I do not know. But something is not right. My suspicions are that the basic education offered city school children is really deficient.


Here is an illuminating position about the repatriating of company profits that is quite clarifying. The claim has been that those profits now available in America would be distributed to employees as bonuses (why this assumption is made, I do not know.) Many companies have, instead, bought their stock back with the money.

Somehow this is seen as a negative. The critics believe that company profits are better in the hands of the government than in the hands of the public. (Perhaps they identify more easily with the faceless employee than they do the faceless investor.) This is a crucial difference in how people look at money, government and citizens.

Nearly half of Miss America’s board has left in the wake of the organization’s decision to eliminate the swimsuit competition, and 22 state pageant leaders are seeking to oust Chairwoman Gretchen Carlson over concerns about the pageant’s new direction. (wsj)
Well, eliminating the beauty factor from a beauty contest is a problem.

The real question in the pursuit if equality is, "Which distinctions should be suppressed?"

Golden oldie:
http://steeleydock.blogspot.com/2011/02/good-man-is-hard-to-find.html





steeleydock.blogspot.com

I think it all has to do with life, liberty and the pursuit of happiness, and the misconception that the government is obliged to provide th...




It took 16 years for Microsoft's stock to recover to the price level height it reached in 1999.


The so-called Progressive movement has found a new--and apparently successful--tool: Attacking people verbally with mobs at work, meals and home for things they disagree with.  Warren called Trump a "bully."
"Accuse the other side of that which you are guilty."--Goebbels.



Medscape reported that while “computerized speech recognition (SR) may lighten physicians’ documentation load,” research “calls into question the accuracy of this time-saving software.” Medscape added, “The data reveal an error rate of more than seven words per 100 in unedited SR-generated documents, including clinically significant errors in one of every 250 words that could affect care.”



Protectionism is a means of depriving other nations of sales and your own nation of purchases. In essence it is an attack on the living standards of the country's own citizens. So, what's so unusual about that?

"We now know that memories are not fixed or frozen, like Proust's jars of preserves in a larder, but are transformed, disassembled, reassembled, and recategorized with every act of recollection." -Oliver Sacks, neurologist and writer (9 Jul 1933-2015)

One wonders if we are built, metabolically, for a long life. In our hunter-gatherer days, it probably meant little to be accurate or correct over a long period because we did not live a long life. The long view was held by myth, not concepts from limited experiences.

An example of how fragile our DNA is: Many women in their 70s carry "Y" chromosomes in their brains--from the sons they carried. That is just amazing.

 
AAaaaannnnnnnddddd......a library:

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