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Showing posts from November, 2010

Why Keynesian Economics Fails

The Obama Administration seems to be fan of Keynesian economics. It is like the religious belief in global warming. It means bigger government and more power to the folks who run the government.

We can't spend our way out of the recession. We need increases in real (inflation-adjusted) income.

US Government Wants Inflation; China Fights US Policy

I have been baffled about why we have not experienced more inflation resulting from the federal Reserve's monetizing debt. More money supply chasing the same goods and services always results in inflation. Why not now? John Lott explains in his piece on the Fox News site: So where did all that new money go? Many blame businesses for hoarding cash. Obama recently said: “corporate profits are doing just fine. [But] they're holding onto a whole bunch of cash -- they're kind of sitting on it.”

But that isn’t happening. Companies don't just keep huge piles of cash lying around. Even if they aren't spending the money, they are putting it in the bank or they buy bonds. In either case the money is recirculated to others, not hoarded. Companies are indeed wary of starting projects and with all the uncertainty they face. And who can blame them? Yet, they are not the ones making the money disappear.

It turns out that the culprit is not so close to home. China is trying to …

Wikileaks

All of today's handwringing about the Wikileaks disclosures reminds me that I must refresh myself on the history of the Pentagon Papers leaks 40 years ago. I wonder what we failed to learn from history on this one.

That said, all of today's attention seems to be focused on the embarrassing and in some cases, life threatening disclosures. Personally, I am more concerned about how all those emails got into the Wikileaks hands in the first place. I suspect that as a general proposition, our State Department and and other services that gather intelligence have gotten too large and unwieldy. The larger the organization, the more likely moles will get jobs there. They need to become more lean and mean. That does not wholly solve the problem, but it is a start.

Of course, less government is always a good thing (although there are certainly other agencies that I would prefer to start with -- Education, Agriculture, Transportation, EPA, CPSC, NLRB, FDA and on and on in the alpha…

I Wish I had Said That

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TSA Warrantless Searches

If the TSA scanning and pat downs were being done by the airlines, there would be no constitutional concerns about warrantless searches (Fourth Amendment) or invasions of privacy (Ninth Amendment). It would simply be a matter for contract. Private parties may enter into a contract that gives up those rights.

Is it different when government is doing the invasive procedures.

Most constitutional rights can be waived. Usually the waive should be clear and unequivocal, that is, "knowing and voluntary.". Here the argument seems to be that the waiver is implicit in buying the ticket. It seem to me that at the point of purchase there should be express waivers of Fourth Amendment and privacy rights with check boxes or initial entry to confirm that the waiver has been made. Given the common knowledge among travelers that there will be inspections, it is possible that simply buying the ticket and showing up constitutes the "knowing and voluntary" waiver.

I would feel …

Economics Simplified ... Democrats Are You Listening?

Economics can be complex, at least in the details. In matters of broad priniciple, it can be pretty simple. Let's break it down:

More business, more jobs.
Less business, less jobs.

Tax systems that punish business, discourage business.
Tax systems that favor business, encourage business.

Increasing the expense of doing business by regulation discourages business.
Less business, less jobs.

Business uncertainty discourages business.
Government demonizing business creates business uncertainty.
Business uncertainly means less jobs.

Rewarding non-work (as by unemployment benefits and welfare entitlements) and punishing work (e.g., by taxing it) causes less work (i.e., jobs).

Is that really so tough for Obama-ites and other Democrats to understand?

Repeal Amendment

When the founding fathers formed our republic, it began as a compact among sovereign states, described in Articles of Confederation.  The original Articles did not work well, because any one state essentially veto any action.  The Constitution bound the states together more tightly, but it was still considered a compact among sovereign states that relinquished some, but only some, of their sovereignty.

The passage of the much hated Obamacare legislation vividly demonstrates how far state sovereignty has fallen from grace.  It has become the Federal Goverment uber alles.  It is time to restore some balance.

The so-called repeal amendment is a good start:Any provision of law or regulation of the United States may be repealed by the several states, and such repeal shall be effective when the legislatures of two-thirds of the several states approve resolutions for this purpose that particularly describe the same provision or provisions of law or regulation to be repealed.My only problem w…

More TSA Stupidity

Which is more dangerous, nail clippers or a military-issue assault rifle?  If you said assult rifle, you would be wrong according to the first-hand account of TSA behavior at redstate.com.  That account is a MUST READ, so I have quoted none of it here.

By the way, this is an illustration of the unintended consequence of one-size-fits-all regulations, wherever they are found.   This is why our nanny-state are so good at stifling innovation.  They are mindless and when not mindless, they are minded by government bureaucrats.  

Dim Bulbs In Congress Ban Incandescent Lights

Leftist Terrorist

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Has anyone in the lamestream media noticed the left-wing terrorists for outnumber right-wing terrorists?  This guy was sentenced today for burning down a Denver factory:  Animals are more important than people to him, I guess.  Veganism, not Islam this time.


By their tatoos ye shall know them.

Losing Money Equals Success ... As Defined by Gov't

From economist John Lott's latest column at Foxnews:Only the government would consider it a success to buy stock at $43.84 a share and sell it at $33. But President Obama and those who supported his bailout of General Motors and Chrysler are claiming just that today.Read it all here.

Mr. Lott is referring to the difference between the new IPO price and the price the US Government paid last year for GM's stock on a per share basis.

Junk Touching Protests Escalate

I was wondering what the weird left (forgive the redundancy) was saying about the overly invasive TSA procedures, so I wandered over to the Huffington Post, always a risky journey.

Some columnist clown named Bob Cesca blames the Republicans. Forget the fact that Big Sis Janet Napolitano is bringing in the full monty body scanners (that Cesca does not like either). It is all about the Republican fear-mongering while George Bush was President. More hopey-changey, Bushy-Blamey logic, I guess.

Columnist Dean Obeidallah claims that Arab-Americans have already been subject to that scrutiny since 9/11. Wow. Mr. Obeidallah and I definitely frequent through different airports. Mr. Obeidallah's airports apparently have had time warped body scanners before they existed anywhere else. I haven't seen any differential treatment of Muslims or Arab-appearing passengers, even though that would be rational as a practical (put politically incorrect) matter. Has anyone told Mr. Obeidall…

Beware of "Progress"

Hearing anyone in the media demanding "progress" sends me into chills like fingernails on a blackboard.

Progress? Progress implies a goal or an end point. What is their goal? What goal do they assume when they say the word "progress." I am pretty sure I don't agree with their goal, since their goal seems be be state control of every aspect of our lives.

I'll give you a goal. How about a free society, prosperous based upon free market principles. Now, that is a goal.

The next time you hear a demand for progress, ask whether they refer to progress toward a goal you agree with. If it is a progression toward statism, that is a regression from freedom, isn't it?

When a liberal uses the word "progress," I wish they would get called out on exactly what goal they want to progress toward. The answer would be illuminating and probably scary.

Busted. The Crime? Playing Chess in the Park

No kidding.Drop that bishop and come out with your hands up!

A squad of cops in bulletproof vests swooped into an upper Manhattan park and charged seven men with the "crime" of playing chess in an area off-limits to adults unaccompanied by kids -- even though no youngsters were there.

"Is chess really something that should be considered a threat to the neighborhood?" Inwood resident and mom Joanne Johnson wrote Mayor Bloomberg, the City Council and Police Commissioner Ray Kelly after the raid.Read it all here. Big government bullies at it again.

Protect Your Junk: Flying Pasties

The Daily Caller says it all:America has its downsides: Massive debt, poor math scores, Michael Moore. There’s also the TSA ogling and fondling passengers with its revealing backscatter technology and invasive pat-downs.

But the home of the brave is also home to enterprising capitalists who can turn a gag gift into an act of civil disobedience, not to mention a product experiencing brisk sales.

Say hello to the concealed weapon TSA must now deal with: Flying Pasties.Go here for a picture and the full story.

Government As Bully

Will these outraged folks understand that more and bigger government makes the government a bigger and bigger bully? Will these people understand that this type of raid is what national socialism is all about? What is the shortened form of the words "National Socialism?"

Vote small government.

The Federal Reserve Actions Explained ... All Too Accurately

Touching the Junk

About the TSA controversy, I have previously said that I will avoid flying, favoring driving a longer distance and time. I probably will not be able to avoid the airports altogether.

I don't want to get the x-ray exposure of a full body canner, so I guess I will be subjected to a full body pat down. They tell us that all pat downs are done by same-sex TSA agents.

Hmmm. Here is where I have a problem. I don't want anyone touching my junk. Period. But if anyone has to touch it, I would prefer an opposite sex TSA agent touching for me.

Not for my daughter, maybe. She is an adult and that is her choice. But I don't want a man, other than my urologist, touching my junk.

If someone's going to touch my junk, I want to choose who is going to do it. I prefer my wife.

The frustrating thing is that this is all about the illusion of security, not actual security.

The hilarious thing is the request of CAIR that women in hijabs be excluded. Are you kidding me? Shouldn…

From the Internet

Sometimes, great stuff comes unexpectedly from Internet friends:Some people have the vocabulary to sum up things in a way you can understand them. This quote came from the Czech Republic . Someone over there has it figured out. We have a lot of work to do.

"The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America . Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their pr…

Dems Reward Failure; Hand Pelosi Minority Leadership

The headline says it all.

Sale of Scanner to TSA is Sweetheart Deal

Here is the text of a speech by The text of Rep.Congressman John J. Duncan, Jr. (R-Tenn.) speech today: Mr. Speaker:

A nationwide revolt is developing over the body scanners at the airports, and it should.

Hundreds of thousands of frequent fliers who fly each week are upset about getting these frequent doses of radiation.

Parents are upset about being forced to have their children radiated or being touched inappropriately by an unrelated adult.

There is already plenty of security at the airport, but now we are going to spend up to $300 million to install 1,000 scanners.

This is much more about money than it is about security.

The former Secretary of Homeland Security, Michael Chertoff, represents Rapiscan, the company which is selling these scanners to his former department.

Far too many federal contracts are sweetheart, insider deals.
Companies hire former high ranking federal officials, and then magically, those companies get hugely profitable federal contracts.

The American …

Don't Touch the Junk Controversy Explained

Update: Clip added.

Ailes: Obama Has a Different Belief System Than Most Americans

Roger Ailes has been quoted as saying that President Obama has a different belief system than most Americans. I would go further and say that President Obama also fails to understand that most Americans do not believe as he does.

Mr. Ailes did not say what that belief system is. Here is my shot at it. Mr. Obama thinks that more government is the answer to all things he considers to be "social injustice."

That is wrong, of course. All perceived "social injustices" cannot be cured and many of them are not unjust at all.

The greatest single cure for social injustice is free markets, something we have not seen for over a hundred years.

Note to progressive, though, it is not a social injustice for the wealth gap between rich and poor to increase. It is a social injustice, arguably, if the plight of the poor gets worse rather than better over time. Looking at the3re the rich are, is simply envy. If the poor get better off while the rich get even better off, how …

This Week on Newsbusted

Moron of the Day: Michael J. Aguilar, San Diego TSA

I have never had a category for Government Bully of the Day. Maybe I should start. Today's winner of Moron of the Day (and who would win Bully of the Day) is Michael J. Aguilar, San Diego TSA Director.

Mr. Aguilar epitomizes government intimidation by opening an investigation into John "Don't Touch My Junk" Tyner who refused an unconstitutional pat-down search (after refusing a naked body x-ray scan) when entering an airport boarding area. Mr. Tyner's video of the event has gone viral and may be watched below (warning, 15 minutes long, "Don't touch my junk" at 3:24).



Congratulations to Moron of the Day Michael J. Aguilar, San Diego TSA Director.

If I were representing My Tyner, I would be looking into the possibility of filing a "Bivens action" lawsuit which is like a 1983 action, but against federal employees, based upon Mr. Aguilar's apparent violation of My Tyner's rights. Not the pat-down. That did not occur. But based up…

Mass. Town Makes Case Against Government Schools

This is unbelieveable. In Provincetown, Massachusetts, school officials are giving away condoms to elementary schools students, no parental permission required. No only is no parental permission required, parents cannot prevent the school from giving out condoms to their children.PROVINCETOWN, Mass. -- Elementary school students in Provincetown would be given condoms – whether their parents approve or not – under a policy approved by the town’s school committee last week.

First grade students can ask for the condoms, though the policy requires that students speak to a school nurse or other trained counselor before receiving one.

...

The board voted unanimously to approve the policy, which states that the school district will not honor requests from parents that their children not be given condoms.Read it all.

Pull your children out of government schools NOW.

Flying Anyone? Naked Body Scanners and Genital Pat Downs

The TSA intrusiveness in exchange for the illusion of safety has obviously gotten worse. I have not flown since the institution of body x-rays, but I am not going to subject myself to more radiation that absolutely necessary.

My own standard lately has been simple. If I can drive it in 8 hours, I would rather drive. Besides the benefit of a bigger carbon footprint, I have the convenience of my own transplantation. With the current controversy, I am thinking of increasing the driving radius, say 12 hours driving to avoid TSA.

I can't imagine the airlines are thrilled with all this. I propose to solve the problem in two ways:1. Eliminate the TSA and put airlines back in charge of safety. Let private industry decide; and/or

2. Permit gun owners to carry their firearms on the planes. If they did, no hijacker would dare try to hijack. It would be suicide without any actual building-crashing. As R.A. Heinlein said: An armed society is a polite society.

Government Destroys Businesses

Here is a truly small business being destroyed by government, a teadching kids a very poor lesson:A New York lawmaker is under fire for calling the police on a pair of 13-year-olds selling homemade baked goods in a local park.Read it all here.

Among other things, a license would have required a million dollar liability policy.

That lawmaker is a true friend of "crony capitalism." In other words, anti-free market.

Free Brian Aiken

Here is a horror story fresh from the anti-gun culture of New Jersey.Sue Aitken called the police because she was worried about her son, Brian. She now lives with the guilt of knowing that her phone call is the reason Brian spent his 27th birthday in a New Jersey prison last month. If the state gets its way, he will be there for the next seven years.

Aitken was sentenced in August after he was convicted of felony possession of a handgun. Before his arrest, Aitken, an entrepreneur and owner of a media consulting business, had no criminal record, and it appears he made a good-faith effort to comply with New Jersey's stringent gun laws. Even the jurors who convicted him seem to have been looking for a reason to acquit him. But the judge gave them little choice. Aitken's best hope now is executive clemency. He is petitioning New Jersey Gov. Chris Christie for a reprieve this week.Read it all here.

Tea Parties on Immigration

To the extent that the tea partiers have any uniformity of views on immigration, I suspect that the video below captures 99.99% of Tea Party attitudes and accurately describes the major media untruths about the tea parties.:

Why Bother Pointing Out MSNBC Left Wing Bias?

Yesterday, I posted Rachel Maddow's hilarious rant claiming that MSNBC is a news organization while Fox News is not. Daily, MSNBC proves that the opposite is true. Fox News has a decidedly right-leaning editorial bias, but has consistently presented both sides of controversial questions through invited left wing guests. MSNBC? Not so much.

One can only wonder at the thinking at MSNBC. MSNBC is consistently far behind Fox News in ratings. On election night, MSNBC had fewer than 1/3 of the viewers that Fox had (1.9 million vs. 7 million). IF MSNBC wanted to make a profit, wouldn't they be better off going conservative and competing for Fox's viewers? If they took 40% of Fox's viewers, MSNBC would be better off, wouldn't they?

Bill Gates is a rabid left--hinger (the MS in MSNBC is Microsoft), so maybe doing the rational economic thing would go against his grain. (The ability to make money makes no one rational politically. Look at George Soros.)

The funny t…

Eat a Bagel, Government Takes Your Baby

Via Reason:The ACLU of Pennsylvania recently filed a civil rights lawsuit on behalf of a couple whose newborn baby was kidnapped by Lawrence County Children and Youth Services (LCCYS) because her mother recklessly consumed an "everything" bagel from Dunkin' Donuts the day before the birth. Jameson Hospital, where Isabella Rodriguez was born on April 27, has a policy of testing expectant mothers' urine for illegal drugs and reporting positive results to LCCYS, even without any additional evidence that the baby is in danger of neglect or abuse. LCCYS, in turn, has a policy of seizing such babies from their homes based on nothing more than the test result. Unfortunately for Isabella's parents, Elizabeth Mort and Alex Rodriguez, Jameson sets the cutoff level for its opiate test so low that it can be triggered by poppy seeds, which is why two caseworkers and two Neshannock Township police officers visited their home the day after baby and mother returned from the hosp…

Licensing Always Means Higher Prices

Moron of the Day: Rachel Maddow

I don't usually comment on Rachel Maddow, because she is so far out there. I'm not talking left field, I am talking beyond the left field fence and over the freeway.

She deserves the Moron of the day Award because of this performance, and the hypocrisy, even the lies, exposed by this:



Put together by Johnny Dollar.

Economist Rap

If you don't know the difference between Keynes and Hayek, check out Paul Krugman to understand Keynes (which I see as widely discredited). To understand Hayek, see the Ludwig von Mises Institute.

Global Warming: I'm A Denier

Funny But Too True

Debunking Lying Obamoron Austan Goolsbee

Listen to Goolsbee's "everyone agrees." BIG LIE. (Hint: In don't agree and neither do other free market economists. I suppose that everyone in Austan Goolsbee's bathroom when he is taking his shower agrees.)

Where does President Obama find these clowns, anyway?

The Priority of Values

When repudiated at the polls, liberals/progressives alway contend (and truly believe) that they simply did not explain things well enough (or alternatively, everyone else is stupid). We can put that down to arrogance, which is probably at least partly right. But there is another explanation as well.

I think we can understand each other better if we understand the priority of their values.

Liberals have different value priorities from other people. Security is their number one. Freedom is up there somewhere, but down the list from security. They cannot understand anyone seeing things differently.

Classical liberals, now called libertarians, value freedom and personal liberty at the top of the list and security farther down.

I am not sure what is at the top of the list for standard conservatives. Other than God (Who should top everyone's list), I think conservatives value order and then liberty. Conservatives want everyone to follow the rules, just as they do. Conservati…

Tea Parties and the 2nd Amendment

More of Col. Allen West, Representative-Elect

Medicare Death Panel Presages Obamacare Death Panels

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Medicare Death Panel has been investigating to decide whether to let prostate cancer patients die rather than pay for an expensive new prostate cancer drug. The Washington Post reports:
Federal officials are conducting an unusual review to determine whether the government should pay for an expensive new vaccine for treating prostate cancer, rekindling debate over whether some therapies are too costly.

The Centers for Medicare & Medicaid Services, which dictate what treatments the massive federal health-insurance program for the elderly will cover, is running a "national coverage analysis" of Provenge, the first vaccine approved for treating any cancer. The treatment costs $93,000 a patient and has been shown to extend patients' lives by about four months.

Although Medicare is not supposed to take cost into consideration when making such rulings, the decision to launch a formal examination has raised concerns among cancer experts, drug companies, lawmakers, prostate c…

Texas Hold'em Up

Random Thoughts

Random thoughts on this week's election and other things, updated throughout the day.

The Republican tidal wave was not an end, but the beginning of vigilance.  The Republicans under George Bush began the spend to oblivion approach embraced by President Obama and his far-left Democrat friends.  We need to keep close eyes on the Republicans, constantly reminding them that his election is not about them getting their noses into the trough.I remember in the 60's when the left kept talking out the perceived terrible government oppression.   Now the left in power in the administration are lovin' that oppression.  They love being the oppressors.  Funny they don't call it that anymore. The left does not get the failure of California's Proposition 19 that would have legalized marijuana.  Progressives caused the problem  Progressives were behind Prohibition early last century.  Progressives were behind the illegalization of drugs in general, forcing prescription requirements…

Impeach the President?

The loony-left media (which is most of it) seems to have an irrational fear that the Republicans will try to impeach President Obama. No leading Republican has suggested impeachment.

Earth to Media: President Obama has to commit a high crime or misdemeanor before he can be impeached. If you ever read the Constitution, you would know that. Being a far left, statist, collectivist type guy is not a high crime or misdemeanor.

However, for another point of view on that, go here. There will be no impeachment for anything the President has done to date, that we know about. There is still time for him to do something actionable, but it is not likely to happen, and I hope it does not.

It is too bad, though, we can't have a recall election.

New York Times Complains The Republicans Wanted Dems to Explain Positions

From an election piece in the New York Times: They also tried to push Democrats into retirement, using what was described in the presentation as “guerilla tactics” like chasing Democratic members down with video cameras and pressing them to explain votes or positions.Wow. Can you imagine? Asking Congress-critters to explain their votes.

How subversive can you get?!

Moron of the Day Update

Reason.tv has awarded its nanny of the Month for the government oppression in San Francisco for which I awarded yesterday's Moron of the Day. Of Course, Reason.TV is much more professional about it:

Ray Stevens Christmas song

Moron of the Day: San Francisco Board of Supervisors

Today's Moron of the Day is the San Fransisco Board of Supervisors for banning happy meals from McDonald's in the city.  They have taken the happy out of the happy meal.

I have to admit that today's award was a close decision.    Runner up for the today is the entire California electorate for re-electing Senator Ma'am and electing Governor Moonbeam, both running on the socialist party ticket, I mean Democrat party, while at the same time turning down Proposition 19.  Their message is clear:  "We don't need no stinkin' freedom in California."

Black Tea Party Candidate Refudiates NAACP's Despicable Bias

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Take that, NAACP. South Carolina's tea party candidate Tim Scott wins.

Story here.

More on Tim Scott here.http://www.clubforgrowth.org/endorsedcandidates/?id=722

Ann Coulter was Right

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During the 2008 presidential campaign, Ann Coulter said she would not vote for John McCain that the the election of Barack Obama would be good for the country, because of the backlash from his expected policies.

She was right.

Win or lose in today's elections, Barack Obama's horrible policies spawned the Tea Part Movement. His policies have energized many people who want change, but not a change that eans more government. People who want less government.

But for President Obama's agenda, the anger, the shear energy would not have surfaced. Ann Coulter was right.

Now we have to undo Obamacare and the unspent portions of the Porkulus.

Starting a Business in America

The Voice of Reason Endorses Democrat Richard Cordray Over Mike Dewine

Ohio Attorney General Richard Cordray is not perfect, but Mike Dewine should be find himself a political black hole and jump into it.  As a general philosophical matter, there is not much difference between the RINO Dewine and Democrat Richard Cordray.  I am unhappy about Cordray's refusal to join other attorneys general in one of the suits challenging Obamcare.

The Attorney General of Ohio serves an important function in the scheme of concealed carry.  Thus, the NRO's grades are particularly important in this race.  Cordray--A; Dewine--F.

If there weren't enough, Dewine's the kind of opportunistic politician that just makes me want to punch him (not that I would ever actually do such a thing).  He just generates that emotional reaction.

The Voice of Reason Endorses John Kasich for Ohio Governor

If I were a single issue gun-rights voter, I would vote for Ted Strickland. Unusual for a Democrat, Ted Strickland has been great on firearms freedom.

Unfortuntately, he has been not so great on other issues. I echo the following analysis found on the Buckeye Firearms Forum:
Hello fellow Pro 2nd amendment, pro constitution Ohioans. I just wanted to bring up some points that I'm sure you are aware of, but still might need pointed out. When going to the polls on Tuesday I will not be voting for all the NRA endorsed candidates and this is why. Although I am a proud supporter of the NRA I feel a little sold out in this election with their endorsements. First let's look at the Governors race. Ted Strickland 's A rating with the NRA vs John Kasich's B rating with the NRA. Yes Ted has had a great voting record for the 2nd amendment and Kasich did vote for the assault weapons ban which he has sense said he regrets. I also look at who each has picked as their LT Governors c…