The conceit of modern public finance is that people with good political skills can do a better job of deciding which banks are solvent than the marketplace.
How do they do it?
“A Real Stress Test: Could Any Major Bank or Developed Nation Survive?” By Bill Bonner, The Daily Reckoning, 1/20/12.
15 May 2012
OK, that may seem a little silly, but hear me out. We are not just in a fight for liberty and the founding principles. We are in an existential fight for all of Western Civilization. Sure, it would be nice to rollback 100 years of progressive nonsense and return to our (possibly imagined) Constitutional roots, but there’s more than that. Between the collectivists and the muslims, millenia of civilization (back to Homer, kids) are in …
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12 May 2012
It’s terribly unfortunate that, out of an entire four-year cycle of politics, we’ve not seen the national economy recover in any substantial way. That’s a long time for it to be languishing the way it’s been. But it affords us a unique educational opportunity because we’ve been able to watch two presidential administrations — one archetypically liberal, running for re-election, and the other one whatever passes for “conservative” in this day & age, and not …
(2 Comments)
6 May 2012
When it comes to Kerodin’s Convention in DC, I am in. From the first day they passed the seat belt law in Colorado, 1986, or thereabouts, I knew it would come to this. I chaffed at the first sign of a government obsessed with my safety and knew that one day it would grow to the point that something would have to be done about it. It never stops at common sense, once they snare you …
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5 May 2012
Constitutional scholars do not impress me. I have listened to any number of them, including Representative Trey Gowdy, who recently ripped Kathleen Sebelius over the Obamacare issue. Okay, that was good and I enjoyed this video of the confrontation. Refreshing as it was, and instructive on the absolute ignorance of the Constitution and the Supreme Court and any measure of weighing Constitutionality against a bill put before congress that the Obama Administration has, even at the …
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1 May 2012
Today the world is different. Our nation is different. As Americans we are being pulled in different directions, called on by society to remain silent and acquiescent to the great ramrod of collectivism, or asked to risk everything for principles and ideals that are at the heart of Americanism, but no longer supported by our government(s). Indeed, to demand that the government recognize and operate under these very ideals upon which it is based is considered …
(1 Comment)
30 Apr 2012
Now here is a picture that’s worth a zillion words… Look what’s going on there now. Green line is retraction incidents, measured in “notices” per 100,000 publications in scientific journals. Now, you could argue there may be problems with measuring it this way…but nevertheless, if the plotting is shaped like this, it’s gotta mean something. And the line more or less gels with public perception of the problems with science across time, if it doesn’t …
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13 Apr 2012
Here’s the problem as I see it, whenever I attempt to communicate some ideas to the readers of this blog, I run into a problem. It is not that Romney supports guns and Obama wants to take them away, it is that every politician wants to take them away, either from an ideological police state mentality, or from a law and order, “make it safer for our guys, the government guys”, point of view. Does …
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10 Apr 2012
The announcement of Santorum only confirms what we all knew, that no matter who got the GOP nomination there would be a big-government liberal in the White House after the 2012 election. The announcement only sets the field. Santorum would have been no different, in my estimation, none of them would. I know I have been through this before, but there is no, none, zero chance that any government stooge will ever do anything to …
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7 Apr 2012
So the kid’s here for spring break, of which today is the last day. The fiancee and I are driving him back to Nevada today so he can resume school. We had a blast with the go-karts and the trip to the shooting range, where I lost my .40 S&W virginity and managed a decently tight grouping in spite of the wicked recoil on the Beretta. Also upgraded his home-built with a new 2GB video …
(1 Comment)
5 Apr 2012
It occurs to me that the best of us seek the justification of the Constitution to act, to not appear lawless and out of control. We seek some sort of sanctification, legitimization in our desire for liberty. We are not unreasonable about this, we don’t demand the destruction of our government, only that it would work the way it has promised to work. We want to be able to count on something. In the face of that …
(1 Comment)
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Although I respected Bush’s turn the cheek approach to the press, that approach does not appear to yield positive results. Rather than tiring, it emboldens those on the attack. Additionally, it sours supporters.
Newt’s non “Bushness” in that he, not only coherently defends conservatism, but defends it at all satiates a hunger in me.
Taking the high road with the current MSM is a losing proposition. Its disgraceful, corrupt decision not to vet (and expose) the National Oddity that inhabits the Oval Office does not entitle it to any respect or trust.
Newt does have a high rating from the ACU but he makes me nervous with his statement that FDR is his favorite president. I would only make that statement if someone were applying a blowtorch to my kneecaps but Newt just unburdens himself as though he just read a Heritage Foundation position paper extolling the New Deal.
How could any conservative with a smidgin of knowledge about the New Deal embrace FDR?
Newt is just being bizarre on this.
Perhaps my perspective of Newt was colored by the moment.
Yours is a supportable perspective. At times Newt sounds great but he has some astounding quirks that I cannot square with conservatism. He wants an amnesty for illegals who’ve been here for a long time but the reality is we’ve been invaded by people who broke our laws coming here and every day they’ve spent in the U.S. If you assume 20,000,000 illegals in the country, that’s the equivalent of 1,333 15,000-man infantry divisions. Some day I’ll have to look up what the Germans had on the Eastern Front. Is the presence of this huge number illegals something you deal with by rewarding them with a residency card? This ho hum attitude of a purported conservative is just stunning to me.
Romney is much worse than Gingrich. Romney things thinks having a long-term marriage is evidence of his “conservatism” whereas it only establishes him as a traditionalist. This philosophical ignorance is just stunning. Ditto his inability to make a case for the utility of capitalist creative destruction.