Archive for the ‘economics’ Category

How to fire big bird

Tuesday, October 9th, 2012

Romney has promised to defund the Public Broadcasting System.

Reagan promised to defund the left, and did not seriously try it. If Reagan did not, what chance Romney? But if Romney is serious about it, which I doubt, here is how to do it:

The Public Broadcasting System is, in large part, half a billion dollars paying media people to be left wing, which includes paying them to be nasty to Republicans in general and Romney in particular. If you are going to defund the Public Broadcasting System, might as well defund the other key major left wing institutions: the State Department, the Justice Department, the Department of Education, the National Endowment for the Arts, and Harvard. You will have the same sized conflict either way. Theoretically this is a straightforward application of financial power of congress, but in actual practice, will be more like a military coup. (more…)

the gimmedat party

Friday, October 5th, 2012

Today, you can predict pretty accurately how someone will vote from which interest group she belongs to. I say “she”, not out of political correctness, but because this is most obvious for females.

The gimmedat party is non whites and single white females. And it has a majority in the US. Thus, Obama and Romney pander to it to precisely equal degrees. This is the end state of democracy, for the politicians seeking votes will steadily increase the gimmedats, until they have a majority, whereupon democracy self destructs.

Even if a Sulla cured the problem by throwing the gimmedats off the voter rolls, this would not be a permanent solution, because it would remain in the interests of politicians to create more gimmedats and put them on the rolls.

Deregulation

Monday, September 10th, 2012

A lot of people, including pretty much everyone in academia, including supposed libertarians in academia, agree that deregulation has been happening.

Everyone agrees that the US banks were “deregulated” – in that a seventeen page law governing their permitted activities was replaced by three thousand pages of laws governing their activities, which three thousand pages were not so much laws, as headings for regulators to title their decisions. It is impossible to say how many pages of regulations were created, since the extraordinary flood of regulations bypassed the normal mechanisms such as the federal register, and consist of all manner of document categories – not only does no one know how much regulation there is, no one even knows how to find all the regulations that there are.

This was indeed “deregulation” in that activities that banks were previously forbidden to do, were now permitted under the supervision of regulators. (more…)

Dude, where is my flying car?

Monday, August 27th, 2012

The first man on the moon has died, and pretty soon the last men on the moon will be dead also.

where are the space settlements?  By the year 2000, we were supposed to have flying cars, space settlements, and cities that looked like this: (more…)

Decline of the west

Wednesday, August 22nd, 2012

US meat consumption per head
According to official statistics, living standards are rising, inflation is low, and unemployment is falling.

If living standards are rising, why are people eating less meat and buying fewer cars?

[In the comments Bill makes a telling rebuttal:  That people are eating less meat and buying fewer cars because of increasing inequality accurately reported by the official statistics: that the decline in equality renders official statistics compatible with consumption statistics for particular items.]

The left singularity continues

Wednesday, August 1st, 2012

Moving left faster

Increased repression brings increased leftism, increased leftism brings increased repression, in an ever tighter circle that turns ever faster.  This is the left singularity (more…)

Not the cognitive elite

Sunday, July 29th, 2012

Government has accomplished some mighty impressive things, the most impressive being the Manhattan project (nuclear bombs and nuclear energy), and the second most impressive being the landing on the moon.

After Hiroshima, and before the moon landing, people said “Why don’t we (meaning government) have a Manhattan project to do X”

After the landing on the moon, people said “If we (meaning government) can put a man on the moon, why cannot we do X”

Well guess what, boys and girls.  Today we can’t put a man on the moon. (more…)

Krugman on supply side

Wednesday, July 25th, 2012

By and large, the elite ignores the argument that our economic crisis is supply side, as if no one could possibly be so crazy, ignorant and stupid as to make such an obviously silly argument.

However, when Professor Pedro Schwartz argued that the problem is supply side, Krugman responded passionately rather than ignoring and mischaracterizing the argument.: (more…)

Economic Decline measured by Big Macs per hour

Saturday, July 21st, 2012

On the basis of big mac per hour rate, living standards in the US fell 9% between 2007 and 2011, two and half percent a year. This agrees pretty well with cars and meat (two percent fewer cars and two percent less meat per person per year.)

Big Macs per hours 2007-2011

Big Macs per hours 2007-2011

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I saw the crisis coming: Why the fed did not.

Sunday, June 24th, 2012

In 2010 April 3, Michael Burry asked “I saw the crisis coming. Why did not the Fed?” His question was, in a sense, answered in the next two weeks.
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