Saturday, July 30, 2011

Free kibbles

ECONOMY:

Most economists agree we're sliding deeper into depression, but the Keynesian prescription is dangerously wrong.
"In reading Krugman and the Keynesians, I am always struck by their analysis that assets, economically speaking, really are homogeneous. It doesn't matter where new spending is directed, just as long as there is spending. Spend, and everything else falls into place."
I've said the same thing: to a Keynesian, all work is equivalent. Digging ditches and filling them adds as much to aggregate demand as building a new building. Paying somebody to do nothing is the same as paying them to create wealth. Digging ditches by hand, with a shovel or with a back-hoe  makes no difference. Keynesians have no understanding of wealth or of capital.

The Wall Street Journal is the most powerful cheerleader for the US economy, even it is has been forced to admit our economy continues to crash. And yeah, I can read the numbers. They say GDP has grown at just over zero percent. That's a phony statistic. Government spending has grown significantly. During the same time, the private sector has shrunk significantly too. Don't fall for the bull****.

POLICE STATE:

The good news is the FBI is using high tech means to nab al Qaeda sympathizers. The bad news is they're using the same techniques against you. You may think that because you're innocent, you will be treated as such, but I remind you that any data they collect against you will be used against you in a court of law, and if they arrest you, will be treated as guilty unless you are able to prove your innocence.

MEDIA:

It cracks me up how all these media articles present it as a fact that failing to raise the debt ceiling is a bad thing.
"And the real kicker? This whole wrenching effort to shrink the debt may actually increase the debt."
Of course, raising the debt ceiling is the way to reduce the debt. Failing to raise it will increase the debt. It's so obvious.

LOCAL:

Every time we have a storm, thousands of people lose powerThis is just stupid. This used to be rare. Now it happens every, single storm. Government control of goods that make civilization is turning our country into a third world country.

MISC:

Leather version of barefoot running shoe.

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