Wednesday, August 23, 2017

Reverie


"Government is the great fiction through which everybody endeavors to live at the expense of everybody else." -Frederic Bastiat, 1848


In fact, there is precious little scientific support for the ideology that pristine nature is somehow better than the mélange that humanity has created by moving species around the globe.--Bailey


...none of the countless campaign reporters and commentators is on record as having noticed the car “affordability” statistics distributed in June 2016 via www.thecarconnection.com. Derived from very reliable Federal Reserve data, they depicted the awful predicament of almost half of all American households. Had journalists studied the numbers and pondered even briefly their implications, they could have determined a priori that only two candidates could win the Presidential election – Sanders and Trump – because none of the others even recognized that there was problem if median American households had been impoverished to the point that they could no longer afford a new car.--Luttwak


What is....WhatsApp?


The stupidity, venality and meanness of the current political scene is something no citizen should see. Perhaps it will be Trump's real legacy, the revelation of how small, petty and completely self-absorbed these politicians are. The old adage is true: Airlines should never raise questions of a competitor's safety. But....there is this government to run.....



This is a good quote. It is surprisingly both obvious and revelatory: Despite their rhetoric, interest groups are not organized for the intention of improving the working of the economic order; they form for the sole purpose of increasing their members’ welfare and will do so knowing full well that it comes at a cost to others.  Interest groups do not, then, seek public goods for the nation but to obtain more private goods that could not be gained in the private economy.  Special interests and especially those representing producers seek to have income and wealth redistributed to themselves.-Buchanan
Now, substitute "political parties" for "interest groups."



S&P 500 Price to Sales Ratio is at an all-time highTotal domestic corporate profits  have grown at an annualized rate of .097% over the last five years. Prior to this period and since 2000, five year annualized profit growth was 7.95%, a period that included two recessions.



Squeezed in between the public in-fighting and the appalling bad taste of the current administration is some governing reality. The Republican effort to dismantle the Affordable Care Act collapsed when a slimmed-down Senate measure to pare back selected pieces of the 2010 health-care law failed, undermining the GOP leaders’ efforts to deliver on a longtime campaign promise. (wsj) McCain, who ran against the ACA, voted to continue it unchanged. It will fall apart. So who will be blamed when it does, the Democrats who voted unanimously to protect it or the Rube-publicans who had three votes with the Democrats?



Officials seized Trump protesters' cell phones, cracked their passwords, and are now attempting to use the contents to convict them of conspiracy to riot at the presidential inauguration. Prosecutors have indicted over 200 people on felony riot charges for protests in Washington, D.C. on January 20 that broke windows and damaged vehicles.
 
Here is a very sensible, if obvious, idea from economics professor Wright. He is speaking about the idea of monopoly being not necessarily a business concept but the overall generality is worthwhile: It is harder to deal with a wolf in sheep's clothing than it is to deal with a wolf. The essential drive toward the routine society comes from both the left and the right, but in the case of the union movement it is given all sorts of altruistic labels which make it much more difficult to pin down.


There is some interesting talk about time-travel in science fiction and why it appears so late in the West. Many think H.G. Wells' Time Machine is the first but someone (I can't remember who) said that A Christmas Story offered all the prerequisites.


Whoa! "Ivanka Trump is duly apprenticed in the White House that, according to my sources, she means to occupy as America’s first female President."--Luttwak


According to filings at the end of January 2017, the Clinton campaign  spent some $1.4 billion, Trump $948 million. 1.4 billion dollars to be president.


A Marxist student group at Swarthmore College disbanded itself earlier this year after realizing that its members were too rich and too white to be real communists.
The demise of the Swarthmore Anti-Capitalist Collective (SACC) came in the wake of a farewell letter from a member who had decided the group could never be an effective proponent of “unproblematized anticapitalist politics” due to its “history of abuse, racism, and even classism.”


Facebook has announced that more than one billion people use its instant messages and voice calling app WhatsApp every day.

Hackers at a competition in Las Vegas were able to breach the software of U.S. voting machines in just 90 minutes on Friday, illuminating glaring security deficiencies in America's election infrastructure.

Google has expelled 20 Android apps from its Play marketplace after finding they contained code for monitoring and extracting user's e-mail, text messages, locations, voice calls and other sensitive data.


Multiple university studies all came to the same conclusion -- if quality is maintained, a multitasking person takes the same time to complete the jobs as if they were each done sequentially. Said another way: the only time a multitasking person saves time is when the quality of the work is degraded. Every study got the same answer.

You must separate out being pro free-enterprise from being pro-business.  The two greatest enemies of the free enterprise system, in my opinion, have been on the one hand my fellow intellectuals, and on the other hand, the big businessmen – for opposite reasons.--freidman


Golden oldie:

http://steeleydock.blogspot.com/2013/08/mani-1-several-bricks-or-syllables-shy.html





steeleydock.blogspot.com

I do want to explain myself: As dirty and harmful a bastard as politics can be, it comes from pure and noble parentage. Politics is the result of man's ...



In Einsteinian physics there is no such thing as a collision. For example, the Einstein joke -- Einstein on a train asks the conductor “What time does Boston get to this train?”



NASA’s own data reveal that worldwide ocean levels have been falling for nearly two years, dropping from a variation of roughly 87.5mm to below 85mm.


AAAAAaaaaaannnnnnddddd.....a graph:

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