The billion prices project spiders prices off the internet, and gets results broadly similar to the BLS, about thee percent per year, which surprises me, since over the last three years the BLS has been applying “hedonic adjustments” to all manner of goods where hedonic adjustment is impossible or implausible. Today’s supposedly three percent inflation as measured by the BLS is a lot higher rate of inflation than what the BLS was measuring as three percent inflation three years ago.
billion prices inflation estimate
June 23rd, 2011Philips curve, stimulus
June 21st, 2011If stimulus works, if Keynesianism is a good enough approximation to the modern American economy, there should be a relationship between unemployment and inflation, the Philips curve. Higher unemployment should lead to lower inflation, and vice versa.
There is no relationship.
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Philips curve
McConnell tells Obama he can stick it in a little bit
June 20th, 2011House Republican leader McConnell tells Obama he can stick it into the Republicans just a little bit, but not all the way, and must stop if it starts to hurt. Read the rest of this entry »
Actual Greek riots
June 17th, 2011Last year the riots were entirely fake, astroturf government rioters theatrically engaging in pretend conflict with government police. This time, there was some fake violence, and some quite real violence. Read the rest of this entry »
Entryism goes public
June 15th, 2011The SEIU is a far left organization, far far further to the left than any elected Democrat will admit to being. It is the voice of the state organized as political interest group. It has always been a major force backing “moderate” Republicans. Read the rest of this entry »
Probability of fiat collapse
June 13th, 2011I observe that people are still buying and selling long term corporate bonds at prices that indicate low inflationary expectations.
On the other hand, total value of world gold is about fifteen trillion dollars, which indicates a lot of people expecting partial or total collapse of fiat money Read the rest of this entry »
Yes, inferior races have smaller cranial capacities on average
June 12th, 2011So what is a politically correct intellectual allowed to say?
Lately, people who are quite politically correct and academically respectable, are acknowledging that Gould and Lewontin were wrong and making $#!% up, and no heresy charges ensue. Indeed, they have been pissing on Lewontin since 2003. Now if Lewontin is wrong, then the races are genetically different in important ways, if Gould is wrong, then Darwin is right that races are the origin of species, and Morton was right that negroes and native Americans have smaller cranial capacities than whites. Read the rest of this entry »
A golden oldie on the minority mortgage meltdown
June 8th, 2011Ann Coulter rarely gives links, and frequently employs hyperbole and humorous exaggeration, so when she reports entirely ridiculous real events, it is difficult to be sure whether she is engaging in humorous hyperbole, or things really are that outrageous. Vdare has helpfully annotated one of her posts with links, and I have added a little more annotation. And yes, Ann Coulter was not making this up. The government really is as ludicrous as she depicts it: Read the rest of this entry »
Again the brilliance of Sarah Palin
June 4th, 2011In her supposedly non campaign tour during which she is theoretically not seeking the republican presidential nomination Sarah Palin told us:
Come on, everyone knows who Paul Revere, the silversmith and patriot is. “He warned the British that they weren’t gonna be takin’ away our arms, uh, by ringing those bells, and um, makin’ sure as he’s riding his horse through town to send those warning shots and bells that we were going to be sure and we were going to be free, and we were going to be armed.
Of course all the good progressives, including the supposedly respectable right wing, have been brought up on the hate America first history which erases from our past the fact that Paul Revere was fighting gun control, and which erases from history anything related to his fight against gun control, such as ringing the bells to sound the alarm, such as warning the British that any attempt to disarm the people would be resisted with deadly force.
So they promptly sneered at her supposed ignorance
“Not the history channel version” they said. “Not the version we were taught in school”, revealing their own ignorance.
Indeed was not, for the version you were taught in school, the version on the history channel, was the hate America first version.
Whether she gets the nomination or not, she reveals how ignorant and out of contact with reality our elite is. She is the one and only major politician running against our ruling elite.
Paul Revere’s ride was to fight gun control. The Pilgrim father’s were not thanking the Indians for giving them corn, but thanking God for his wisdom in commanding capitalism, or guiding them back to capitalism. And Darwin’s big idea was natural selection, not the idea that similarities between different species are due to blood relationships, common descent. Common descent, in the sense that families of species, such as the mammals, are actual families by blood if you go back far enough, was Lamarck’s big idea. Darwin’s big idea was that natural selection was a plausible explanation for different races arising, and developing into different species.