Monday Highlights

Good morning.

  1. Sovereignty, and after you agree (or not) with the statement, consider the US Civil War.
  2. Short answer to “is it racism” … if you are a conservative, yes, it not, then no.
  3. Musing on the end.
  4. Is this a straw argument is it one even being made?
  5. A telling commentary on progressives and their spending, “To proclaim that spending is spending, waste notwithstanding, is remarkably destructive of the public’s trust. It suggests that governments are indeed profligate stewards of the public’s funds.” That bird has long since flown.
  6. Proving the opposite point intended.
  7. The film you’ll hear about in, or after, Church in the upcoming season.
  8. One of the lessons history teaches. Few listen.
  9. A stab at a short list.
  10. An atheist passes on remarks on celibacy and the Roman church.
  11. An election noted.
  12. Hypocrisy, in the modern trivial sense, … if you don’t have it, you should.
  13. One of the points on the side of faith for the Habermas/Ratzinger debate.
  14. Something to read if you have the time.
  15. Something our government is doing just as fast as it can. Why do they think that is good? Remember the story of that Biblical villain, Joseph and the Pharaoh (hint: the Patriarch after Israel is Judah, not Joseph)? What did he do, wiped out the independent farmers and centralized the economy. What occurred down the road. Slavery.  A road to serfdom we are on.
  16. If the TSA isn’t doing this every week, something is wrong. If we know they are doing it every week, something else is wrong. If you’re serious about security, you have teams working to break in constantly probing for weak points. If it’s theater, then why bother.
  17. Why gun control laws won’t/don’t matter one bit to the policy questions at hand. It’s more likely about #15 above … and the modern liberal elites visceral fear of firearms.
  18. Have fun with tech.

4 Responses to Monday Highlights

  1. 15.Something our government is doing just as fast as it can.

    You should really try to improve the quality of you reading. There’s only so much you’re going to learn from morons.

    If you go back in history, you’d see what happed to the Germans when they wiped out their savings class in the 1920s.

    OK

    [The Federal Reserve is] printing money. That’s why bonds are up. They’re buying gigantic amounts of bonds. That’s why stocks are up. They’re flooding the world with money

    Moron, when stocks and bonds go up who benefits? People who own stocks and bonds! How does one get to own stocks and bonds? Well the only way to do it is to opt not to spend some of your purchasing power and use it to buy stocks and bonds. In other words, save!

    The comparison with Germany is illustrative of the author’s ignorance. Germany wasn’t printing money to get out of a recession, it was printing money because it was trying to get its economy to operate beyond its capacity, to provide both a decent standard of living to Germans AND to make reparations payments to the allies for WWI. When you do that interest rates don’t go down, they go up because savers will demand much more money in the future in order to maintain their purchasing power.

    Of course if you listened to Jim Cramer you would have been putting your savings into the tech bubble, right before it collapsed. You would have been putting what was left into Enron, right before it collapsed. Then you would have been putting it into Leyhman Bros, Bank of America and so on. The best gov’t policy to ‘wipe out the saver class’? Not locking Jim Cramer up for life in Gitmo.

  2. Boonton,

    Moron, when stocks and bonds go up who benefits? People who own stocks and bonds! How does one get to own stocks and bonds? Well the only way to do it is to opt not to spend some of your purchasing power and use it to buy stocks and bonds. In other words, save!

    Apparently you don’t follow your own economic teachings. When credit is cheap, when borrowing is touted as “the thing to do to help the economy” you hold to the notion this doesn’t mean that private savings is being actively discouraged.

    Who is Jim Cramer? There was no Jim Cramer mentioned in the post. Where’d that name come from. You want me to dig up the comment thread where out explicitly state that economists don’t make predictions. You dismiss Rajesh’s analysis of the crash, even though he was one of the very select few who predicted it before hand, unlike the economists you like to cite. Apparently here however, you cite some un-referenced financial adviser out of the blue and dismiss him because of failed predictions (which economists remember, don’t do).

    Germany wasn’t printing money to get out of a recession

    Hmm. You’re going to have to walk back on your support of those who (wrongly I suspect) think that government spending for the war effort got the US out of its recession.

  3. Apparently you don’t follow your own economic teachings. When credit is cheap, when borrowing is touted as “the thing to do to help the economy” you hold to the notion this doesn’t mean that private savings is being actively discouraged.

    Individual actors follow personal economic incentives. A campaign encourage people to spend money might improve an economy in a recession but no economic theory is built upon that.

    Who is Jim Cramer?

    Jim Rogers, fair catch. Another quack who makes a living hawking ‘investment strategy’ to people who, if they actually followed it, would march right into seeing their savings destroyed.

    Hmm. You’re going to have to walk back on your support of those who (wrongly I suspect) think that government spending for the war effort got the US out of its recession.

    Why? Does the post WWII experience of the American economy support your theory that savers ‘as a class’ were being wiped out? Evidence please?

  4. BTW, US personal savings rate for the last 40 yrs or so
    http://commons.wikimedia.org/wiki/File:US_personal_saving_rate_1960-2010.jpg

    How exactly do you ‘wipe out savers as a class’ if the savings rate triples?

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>