Physicists are made of atoms. A physicist is the atom’s way of knowing about atoms. -George Wald, scientist and Nobel laureate (18 Nov 1906-1997)
One of the problems in the American Revolution was "Colony Rights." The colonies--which were really only vaguely constructed--objected to militia groups operating from other colonies on their turf. So the decision by the Massachusetts militia to raid the New York fort in Ticonderoga for cannon was opposed by the New York militia!
States Rights.
Who is..... Belmont Partners?
In [Adam] Smith’s time, and now again in the regulatory state, few believed that a masterless society would be possible. The haunting fear by governing elites supported by worried citizens stirred up by an antitrade clerisy was then, and still is, that ordinary people will do bad things if left alone. Unless overawed by the threat of state violence in police or planning or regulation, ordinary people, especially the lower classes, will spurn priests, stop paying their rents and taxes, not save enough for old age, kill each other, not buy enough insurance, speak against the government, appear with hair uncovered, refuse military service, drink to excess, commit unnatural acts, use naughty words, chew gum, smoke marihuana – committing in sum, as Bill Murray put it in , “human sacrifice, dogs and cats living together, mass hysteria.” A progressive or a conservative program of heavy regulation is a first-night-in-Ferguson-Missouri notion of keeping order. It is the justification of all tyranny, hard or soft. --McCloskey
When Coca-Cola, comic books, and Raymond Chandler murder mysteries invaded Europe, penetrating even into the British stronghold, radicals set up a great cry against American capitalism. What they chose not to see is that the real offender is not capitalism so much as the European masses, who have given an enthusiastic reception to these supposedly degenerate products of American capitalism. Europe's real complaint against America is not that America is exporting capitalist culture, but that it is exporting popular culture. --Himmelfarb
Pope Francis:
On gay priests:“If someone is gay and he searches for the Lord and has good will, who am I to judge?"
On misogyny:“The fact is that the woman was taken from a rib [laughs loudly]. I'm joking. That was a joke”
On birth control:“Some think that… in order to be good Catholics we have to be like rabbits. No. We need responsible paternity”
On sexual orientation:“Every person, regardless of sexual orientation, ought to be respected in his or her dignity and treated with consideration”
On ‘imperfect’ Catholics:“No one can be condemned forever, because that is not the logic of the Gospel! Here I am not speaking only of the divorced and remarried, but of everyone, in whatever situation they find themselves”
Golden oldie:
http://steeleydock.blogspot.com/2015/09/magness-on-piketty.html
AAAAAAAaaaaaaannnnnddddd.......a graph:
One of the problems in the American Revolution was "Colony Rights." The colonies--which were really only vaguely constructed--objected to militia groups operating from other colonies on their turf. So the decision by the Massachusetts militia to raid the New York fort in Ticonderoga for cannon was opposed by the New York militia!
States Rights.
Ambiguity has become a fact of life from philosophy to physics. So the generic answer should gradually slip from our discussions. But it doesn't in politics. All answers suffice. For example, should we have a single trade policy? From Irwin: "For most of US history, however, there has not been a single, unified “capital” or “labor” interest regarding trade policy, because there are many different types of capital and labor that are affected by trade in different ways. Capital owners and workers employed in industries that compete against imports (iron and steel, textiles and apparel) typically have a much different view of trade policy than the capital owners and workers employed in industries that export (agriculture, machinery, or aerospace)."
But the politician, like the headline, eschews nuance.
But the politician, like the headline, eschews nuance.
Before the Russian Revolution of 1917, "socialism" and "communism" were synonyms. Both referred to economic systems in which the government owns the means of production. The two terms diverged in meaning largely as a result of the political theory and practice of Vladimir Lenin (1870-1924). Like most contemporary socialists, Lenin believed that socialism could not be attained without violent revolution. But no one pursued the logic of revolution as rigorously as he. After deciding that violent revolution would not happen spontaneously, Lenin concluded that it must be engineered by a quasi-military party of professional revolutionaries, which he began and led. After realizing that the revolution would have many opponents, Lenin determined that the best way to quell resistance was with what he frankly called "terror"--mass executions, slave labor, and starvation. After seeing that the majority of his countrymen opposed communism even after his military triumph, Lenin concluded that one-party dictatorship must continue until it enjoyed unshakeable popular support. In the chaos of the last years of World War I, Lenin's tactics proved an effective way to seize and hold power in the former Russian Empire. Socialists who embraced Lenin's methods became known as "communists" and eventually came to power in China, Eastern Europe, North Korea, Indo-China, and elsewhere.--The opening paragraphs of Caplan's "Communism," in David R. Henderson, ed., The Concise Encyclopedia of Economics.
Who is..... Belmont Partners?
In [Adam] Smith’s time, and now again in the regulatory state, few believed that a masterless society would be possible. The haunting fear by governing elites supported by worried citizens stirred up by an antitrade clerisy was then, and still is, that ordinary people will do bad things if left alone. Unless overawed by the threat of state violence in police or planning or regulation, ordinary people, especially the lower classes, will spurn priests, stop paying their rents and taxes, not save enough for old age, kill each other, not buy enough insurance, speak against the government, appear with hair uncovered, refuse military service, drink to excess, commit unnatural acts, use naughty words, chew gum, smoke marihuana – committing in sum, as Bill Murray put it in , “human sacrifice, dogs and cats living together, mass hysteria.” A progressive or a conservative program of heavy regulation is a first-night-in-Ferguson-Missouri notion of keeping order. It is the justification of all tyranny, hard or soft. --McCloskey
Re: gospel about the five foolish and five wise virgins and their oil lamps: I cannot figure how to reach to the Saudis with this but it does seem socialism was not a high ideal in Christ's thinking.
The Saudi internal conflicts may be a very big deal. (One of the criteria is that if the Press ignores it, it is probably important.) It looks as if the Saudis are disenchanted with the U.S. in both their political stances and their seemingly insatiable drive for independent petroleum production through fracking. This may result in the Saudis rewriting some of their assumptions: They may stop recycling their profits through U.S. treasuries and, two, they may want to shift to a new primary customer, China.
With these conjectures, the two indicators would be interest rates and oil prices.
An interesting little sideline story is this:
A lot of colleges are moving their endowment funds off shore to avoid discovery and taxation.
You just have to love this stuff.
When Medicare rolled out in 1965, healthcare consumed just 5% of the Gross Domestic Product (GDP). Today, that number is 18%.
One of Bill Gates' investment firms has spent $80 million to kickstart the development of a brand-new community in Arizona's far West Valley. The large plot of land is about 45 minutes west of downtown Phoenix off I-10 near Tonopah. The proposed community, made up of close to 25,000 acres of land, is called Belmont. According to Belmont Partners, a real estate investment group based in Arizona, the goal is to turn the land into its own "smart city."
"Belmont will create a forward-thinking community with a communication and infrastructure spine that embraces cutting-edge technology, designed around high-speed digital networks, data centers, new manufacturing technologies and distribution models, autonomous vehicles and autonomous logistics hubs," Belmont Partners said in a news release.
A bar chart that should give hope to all:
The Saudi internal conflicts may be a very big deal. (One of the criteria is that if the Press ignores it, it is probably important.) It looks as if the Saudis are disenchanted with the U.S. in both their political stances and their seemingly insatiable drive for independent petroleum production through fracking. This may result in the Saudis rewriting some of their assumptions: They may stop recycling their profits through U.S. treasuries and, two, they may want to shift to a new primary customer, China.
With these conjectures, the two indicators would be interest rates and oil prices.
An interesting little sideline story is this:
A lot of colleges are moving their endowment funds off shore to avoid discovery and taxation.
You just have to love this stuff.
When Medicare rolled out in 1965, healthcare consumed just 5% of the Gross Domestic Product (GDP). Today, that number is 18%.
One of Bill Gates' investment firms has spent $80 million to kickstart the development of a brand-new community in Arizona's far West Valley. The large plot of land is about 45 minutes west of downtown Phoenix off I-10 near Tonopah. The proposed community, made up of close to 25,000 acres of land, is called Belmont. According to Belmont Partners, a real estate investment group based in Arizona, the goal is to turn the land into its own "smart city."
"Belmont will create a forward-thinking community with a communication and infrastructure spine that embraces cutting-edge technology, designed around high-speed digital networks, data centers, new manufacturing technologies and distribution models, autonomous vehicles and autonomous logistics hubs," Belmont Partners said in a news release.
A bar chart that should give hope to all:
When Coca-Cola, comic books, and Raymond Chandler murder mysteries invaded Europe, penetrating even into the British stronghold, radicals set up a great cry against American capitalism. What they chose not to see is that the real offender is not capitalism so much as the European masses, who have given an enthusiastic reception to these supposedly degenerate products of American capitalism. Europe's real complaint against America is not that America is exporting capitalist culture, but that it is exporting popular culture. --Himmelfarb
Pope Francis:
On gay priests:“If someone is gay and he searches for the Lord and has good will, who am I to judge?"
On misogyny:“The fact is that the woman was taken from a rib [laughs loudly]. I'm joking. That was a joke”
On birth control:“Some think that… in order to be good Catholics we have to be like rabbits. No. We need responsible paternity”
On sexual orientation:“Every person, regardless of sexual orientation, ought to be respected in his or her dignity and treated with consideration”
On ‘imperfect’ Catholics:“No one can be condemned forever, because that is not the logic of the Gospel! Here I am not speaking only of the divorced and remarried, but of everyone, in whatever situation they find themselves”
Golden oldie:
http://steeleydock.blogspot.com/2015/09/magness-on-piketty.html
AAAAAAAaaaaaaannnnnddddd.......a graph:
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