Category Archives: Economics

Women and Guns (and some other stuff)

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I’m just wondering aloud here.  When will we decide that women are regular citizens, instead of treating female shooters as though they are a separate class of citizen?  I understand that there is a perception that women need their own, separate training classes and all that, so they feel comfortable.  Is that condescending to women or am I missing something?  At what point, or under what circumstances, will we be treating female shooters the same as we treat male shooters (within the sport I mean)?

Maybe it’s a dumb question.  Maybe men can’t help but see a woman as something special and maybe that attitude is bound to find its way into our chosen sport.  Maybe some women are so accustomed to being treated differently that they expect it without a lot of thought.

Maybe the question is simply premature.  Any female shooters want to comment on that?  Do you believe you need separate training or separate categories in a competition, and if so, why?  Should there be guns made for girls, and others for the boys and if so, why”  Marketing strategies are beyond the scope of the question.  Hell, maybe it’s all about marketing, in which case, never mind.

I could understand if shooting involved some heavy lifting, but even then we’ve all seen some women who can out-lift some men.  So you want different weight classes, like in wrestling?

Here’s another.  How long is it going to be before the various races of humans are treated the same in general, in the media, and in the courts?  I understand personal preferences, but that’s quite different.  I’m talking socially, politically and legally.  When will I be able to tell a black guy he’s being a fool without being accused of racism, or tell a Mexican woman she’s wrong without her getting in my face on some racial or sex-related tangent?  When will we be able to disagree without changing the subject as a form of crutch?  I really am getting sick and damned tired of this, so I am herein putting my foot down.  Knock off the race and sex defenses.  Some people are using it as a tool and I’m not buying it.  Not at all, and I’m getting right back in your face if you try it with me so don’t even start.

When, or under what exact specified circumstances, will the gun-restriction advocates declare their work done, pack up their tents, and get jobs?  Any time you hear one of them guffaw over the assertion that they won’t quit until all guns are banned, your immediate response must be, “OK, then tell me precisely when or under what circumstances you will stop, declare victory, and find something else to do, ’cause what I see is that any time you get a win, you’re right on to calling for another restriction.  This has been happening for over 70 years, so, you know, we have a pretty undeniable track record here.  Go ahead.  Lay out the circumstances.  I have all day.”

Staying on the title subject;
A problem with saying, “this far and no farther” is you’ve already established that a) you’re willing to give ground, and/or that b) you’ve accepted or granted your opponent’s basic premise(s).  Some things are properly subject to compromise (such as where to go for lunch, assuming you want the company) and others are not (such as basic rights).  When it comes to basic rights, the response it not, “this far and no farther”.  Properly, the response is zero tolerance, same as it would be for a robber or a rapist.  If someone violates your basic rights, they are criminal and it is not incumbent upon you to prove your magnanimity by compromising with them.  You fight to win, then you fight for compensation and restitution, then you fight for justice, assuming your opponent is still breathing.  Few if any in Congress, for example, seem to have a clue how that might happen with regard to their violations of our basic rights.

Capitalist solution to pirates

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I think the Russians are catching on to this capitalism thing:

Pirate Hunting Cruises Being Offered in Russia

Pirate hunting cruises along the African coast are being offered by private yachts in Russia. For £3,500 per day customers can sail along the coast of Somalia at low speed to entice a pirate into attacking.

Former special forces troops are on board to make sure no harm comes to the wealthy punters. If a pirate does take the bait, they are met with machine gun, rocket, and grenade fire. For an extra fee, customers can hire an AK-47 and join in.

[Via an email from son-in-law Caleb.]

I wonder what this means

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From here:

I still haven’t done all the economics reseach I keep meaning to do so I’ll just dump a few quotes from the source and let someone else interpret the data:

To say this situation is unprecedented does not do justice to the word.

Hyperinflation, or even strong inflation predictions in the near term look rather silly in the face of this data unless one is only looking at the printing and not the destruction in credit.

…

Think consumers are about to go on a spending spree after a massive $13.87 trillion collapse in net worth? Think banks are going to start lending with this employment picture and household debt? I don’t and boomer demographics makes the situation even worse. Don’t forget the bleak employment picture. There is no source of jobs.

Those who get hyperinflation out of this picture must be reading the playbook in Bizarro World because it sure is not the playbook here.

Sleep well.

Dead cities

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Via an IM from son James I found out that some cities are excising dead tissue before it becomes gangrenous:

Dozens of US cities may have entire neighbourhoods bulldozed as part of drastic “shrink to survive” proposals being considered by the Obama administration to tackle economic decline.

The government looking at expanding a pioneering scheme in Flint, one of the poorest US cities, which involves razing entire districts and returning the land to nature.

Local politicians believe the city must contract by as much as 40 per cent, concentrating the dwindling population and local services into a more viable area.

…

Flint’s recovery efforts have been helped by a new state law passed a few years ago which allowed local governments to buy up empty properties very cheaply.

They could then knock them down or sell them on to owners who will occupy them. The city wants to specialise in health and education services, both areas which cannot easily be relocated abroad.

The local authority has restored the city’s attractive but formerly deserted centre but has pulled down 1,100 abandoned homes in outlying areas.

Mr Kildee estimated another 3,000 needed to be demolished, although the city boundaries will remain the same.

Thousands of homes. Wow. That would be quite a ghost town.

Although it seems a little odd in our time it wasn’t all the uncommon, at least in the western United States, for towns to spring up around mines, flourish for many years then be abandoned. For it to happen around some other industry in another age shouldn’t be all the surprising I guess.

Quote of the day–Milton Friedman

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Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.


Milton Friedman
[The Feds are buying debt. Where do you suppose they are getting the money for that? They are printing it.–Joe]

Quote of the day–Dmitry Orlov

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Now, it just so happens that most things that are positives prior to collapse turn out to be negatives once collapse occurs, and vice versa. For instance, prior to collapse having high inventory in a business is bad, because the businesses have to store it and finance it, so they try to have just-in-time inventory. After collapse, high inventory turns out to be very useful, because they can barter it for the things they need, and they can’t easily get more because they don’t have any credit. Prior to collapse, it’s good for a business to have the right level of staffing and an efficient organization. After collapse, what you want is a gigantic, sluggish bureaucracy that can’t unwind operations or lay people off fast enough through sheer bureaucratic foot-dragging. Prior to collapse, what you want is an effective retail segment and good customer service. After collapse, you regret not having an unreliable retail segment, with shortages and long bread lines, because then people would have been forced to learn to shift for themselves instead of standing around waiting for somebody to come and feed them.


Dmitry Orlov
February 13, 2009
Social Collapse Best Practices

I have to laugh

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Socialism. It’s made of FAIL:



The state budget deficit has nearly doubled in the past two months, climbing past $15 billion, Gov. Arnold Schwarzenegger disclosed Monday.


The sober news comes a week before a May 19 statewide vote on a set of ballot budget-related measures that, if defeated, would push the deficit past $21 billion, Schwarzenegger warned in a letter to legislative leaders.


It was Socialism that brought about the collapse of the U.S.S.R. It will be socialism that brings about the collapse of the California government. And I’ll not be surprised if it brings down the U.S. government as well.


And as painful as it will be to most people I’ll still laugh because I’m not above saying “I told you so.” And I’ll have all the food, clean water, and the guns and ammo to defend it while the socialist “intellectuals” are unable to find a way to dispose of their own waste in a sanitary manner let alone find water or food fit for consumption. They can tell me, again, how important, how right, how justified they are in their cities as they cry themselves to sleep with an empty stomach, in their own filth, in the dark.

Socialism isn’t creeping

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Sometimes I will read about “creeping socialism”. No one with a room temperature IQ, half functional news sources, and at least one foot outside the nearest mental hospital can avoid the conclusion socialism is in high gear and about to shift into overdrive at full throttle. GM, Chrysler, and the banking industry in this country are already being crushed by the socialists. Our path leads to Venezuela:




Venezuelan soldiers at an event presided over by President Hugo Chávez on Friday celebrating the seizure of contractors’ assets.


President Hugo Chávez asserted greater control over the country’s energy industry on Friday by seizing the assets of some foreign and domestic oil contractors while his government grapples with a sharp decline in oil revenue and mounting debts.


…


Venezuela, which relies on oil for about 93 percent of its export earnings, has not paid some of the oil contractors since late last year, according to filings by companies like Williams Companies, based in Tulsa, Okla., which said last month that it did not expect to receive $241 million it was owed here. Petróleos de Venezuela had been seeking a reduction of about 40 percent in its overall debt to the companies, which is estimated by industry analysts to be about $10 billion.


Our “people will never again be anyone’s slave,” Mr. Chávez said Friday.


Industry representatives in the oil-producing state of Zulia said uniformed soldiers had begun occupying oil installations on Thursday, shortly before the National Assembly approved a measure allowing the takeovers. The move deepens Mr. Chávez’s control of the oil industry, following the imposition of higher royalties on foreign oil companies, raids on their offices by tax authorities and the nationalization of large oil-producing projects in recent years.


“…never again be anyone’s slave”? Really? What do you call it when someone claiming superiority over you takes the results of your work for their own use without compensation? It seems pretty clear to me the oil contractors are being treated like slaves. And as things continue to deteriorate both in Venezuela and the U.S. expect more and more slaves to be created.


I’d ask my cousin who used to work in the Venezuela oil industry what he thought of the situation but I can’t. He died while in Venezuela a while back under suspicious circumstances.

Quote of the day–Dmitry Orlov

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I’ve covered what I think are basics, based on what I saw work and what I think might work reasonably well here. I assume that a lot of you are thinking that this is all quite far into the future, if in fact it ever gets that bad. You should certainly feel free to think that way. The danger there is that you will miss the opportunity to adapt to the new reality ahead of time, and then you will get trapped. As I see it, there is a choice to be made: you can accept the failure of the system now and change your course accordingly, or you can decide that you must try to stay the course, and then you will probably have to accept your own individual failure later.


Dmitry Orlov
February 13, 2009
Social Collapse Best Practices
[Is society collapsing? I don’t know for sure. What I do know is that we haven’t had so many banks and major companies failing anytime in my lifetime. I know there are very, very few things governments can do better than the free market. I know government “solutions” are almost always worse than the original problem. And I know that our government has expanded and plans to expand into more areas than any other time in my life. I’ve not personally seen society collapse but it seems to me this is likely to be what it appears like in the early stages.–Joe]

We Get it, Already

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This is an open letter to all the talk show hosts, pundits, party hacks, cheaters, scumbags, sick twisted freaks (you know who you are) and pro-freedom bloggers.  We could spend the rest of our lives cataloging the outrageous behavior of nasty, America-hating, ignorant, self-loathing, cultist, freedom-hating, anti-human, leftist politicians including Progressive Republicans.  We know they’re bad, OK?  If there are three or four people who still don’t get it, that’s all right.


I’d rather try to figure out how we’re going to get some principled Americans nominated so we’re not always forced to choose between bad and worse– between more socialism slower, and more socialism faster.  This last national election was a real puker.  The Republican Party is, at the moment, just as lost, dumbfounded, selfish and clueless as ever.  They’re a herd of does, staring blankly into the headlights of an on-coming truck, and the worst part of it is; they don’t even suspect that they’re clueless.  They in the Republican leadership think they have some really clever answers, which amount to more of what got us into this mess.  I recently heard it described as rearranging the deck chairs on the Titanic.  That fits very well.  The Republicans have some really super great, super ultra smart ideas for rearranging the deck chairs on the Titanic.  No really, listen…  (all the while we have this simple, proven model for success, and it’s being ignored.)


We need to change that.  You need to change it.  I need to change it.  There isn’t anyone else.  I suppose, since it’s up to us, it will have to be on the local level for most of us, being as we’re not billionaires.  That’s OK.  We can still do what we can do.  A lot of people are jazzed up right now.  They just need somewhere to start.  Well, pick a place, a local issue or a local politician that needs a hand (or a very public spanking) and get to it!


That there are clueless people is not the issue.  There will always be the clueless.  They’ll sit on the sidelines, worrying about who likes them and who doesn’t, trying to figure out where the “center” is so they can position themselves in it and claim superiority for having done so, while someone else does the lifting.  Are you a sitter or a lifter?


I have a bad feeling that things could come to blows before this government is brought under control, and I really don’t want that to happen.  Do you?  This country is far too important in the grand scheme of things.


And with that; I don’t have much more to say on here, other than to repeat myself or talk about the weather and what I did last weekend, unless it’s to tell you what I’m doing on the local level to influence politics.  Now I think I have some calls to make.


(Note that I placed this in nearly every one of Joe’s categories. It’s relevant to everything we do and every opportunity we want for our kids in the future)

Almost but not quite

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Via Tam I found this article talking about the boom/bust cycle for the oil producers in Pennsylvania:



Even after 150 years of this roller coaster, we’re still far from implementing a better system to price this essential commodity.


An easy answer, and one often brought up in casual conversation, is some type of price control. The government would say oil prices can’t go below $50 or above $100, or some such number. Oil companies would have a guaranteed minimum price, and consumers would have a guaranteed maximum price. Everyone wins.


Wow! Just wow! Not only has that sort of thinking been shown to be a disaster in numerous countries around the globe for hundreds of years but President Nixon even tried it here in 1971 and it was a huge failure. Just think for a few seconds will you? To let that sort of thinking actually get to the verbalization stage shows a profound ignorance of reality.


The article eventually is skeptical of the idea but then goes on to only slightly obfuscate the fundamental flaw in their thinking and arrive at a conclusion that is equally ignorant:



A better alternative, experts say, is to encourage long term, stable policies that focus on both increasing supply and shrinking demand.


On the supply side, encouraging greater access to resources and a stable tax policy that gives breaks for oil production is what the oil industry is looking for.


On the demand side, stricter fuel efficiency standards, better urban planning, alternative fuels and a big tax on gasoline would help cut use.


“We’ve never had a real, long-term strategy to address the energy problem,” said Bruce Vincent, vice chairman of the Independent Petroleum Association of American, an industry trade group. “We need to have a comprehensive strategy that works for America.”


More government intervention when you just got through coming to the realization that government price fixing probably wouldn’t work? They almost get it but not quite.


Now there is a government policy that would optimize supply and prices. And it would do that optimization in real time and completely without political favoritism. It’s a Free Market. But apparently they are too ignorant to have heard of it.

Quote of the day–Antal E. Fekete

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The newly created money will follow the laws of gravity and flow downhill to the bond market where the fun is. Risk-free bond speculation will further reinforce the deflationary spiral until final exhaustion occurs: the economy will collapse as a pricked balloon. Instead of hyperinflation and the destruction of the dollar, you’ve got deflation and the destruction of the economy.


Denninger says that the “death spiral” will lead to fire sales of assets in a mad liquidation dash and, ultimately, to the collapse of both the monetary and political system in the United States as tax revenues evaporate. He opines that probably not one member of Congress understands the seriousness of the situation. Bernanke is risking something much worse than a Depression. He is literally risking the end of America as a political, economic, and military power.


Indeed, the financial and economic collapse of the last two years must be seen as part of the progressive disintegration of Western civilization that started with government sabotage of the gold standard early in the twentieth century. Ben Bernanke, who should have been fired by the new president on the day after Inauguration for his part in causing irreparable damage to the American republic may, in the end, have the honor to administer the coup de grâce to our civilization.


Antal E. Fekete
Professor of Money and Banking
San Francisco School of Economics
March 30, 2009
Why Obama’s Stimulus Package Is Doomed to Failure
[No. This isn’t an April Fools joke. But I don’t know for certain that he knows what is talking about either.


Have a nice day.–Joe]

Quote of the day–Sean Flynn

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Jim: If Barney Frank could reach into my pocket he would take everything in my wallet and…
Sean: If Barney Frank could reach into your pocket that isn’t all he would grab.


Sean Flynn
March 26, 2009
During a conversation about economics and politics.
[I had lunch with Jim, Sean, and Steve yesterday. It was great. Jim and Sean, always fantastic with their wit and insight, were in top form.–Joe]

Quote of the day–Father Robert F. Capon

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The world looks as if it has been left in the custody of trolls.


Father Robert F. Capon
[Yeah, things are pretty messed up.–Joe]

Quote of the day–James Huffman-Scott

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It’s kind of sad irony when the head of the EU is criticizing the socialist schemes in the US.


James Huffman-Scott
March 25, 2009
Regarding EU chief: U.S. economic plans ‘a way to hell’
Via IM.
[There is no way I can add anything meaningful to that.–Joe]

Quote of the day–Austrian

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Let me just tell you, Congressional/Executive Branch Scumbag, Esq., if you do this… if you take this turn… I won’t even think twice. I will move my firm to Switzerland, or to London before the year is out. Those employees who do not follow me, I will have to fire. The corporate taxes I pay will no longer be yours. Instead, they will go to something useful, like a nice tunnel through a mountain for high speed trains that actually work. Further, I will dedicate a substantial portion of my personal time, effort and capital to frustrating your every attempt to collect personal taxes on me thereafter- given your draconian anti-expatriation laws. But that’s not all. My job is to make money for my clients, in whatever way I can. I will short your flagging financial firms mercilessly and remorselessly. I will buy QGRI puts to bet against any firm that took bailout money. I will buy credit default swaps on every firm you put your greasy paws on, because I know your fingerprints are laced with poison. For every boneheaded centralist move you make, I will be there, profiting from your lunacy. I will never again take a client who pays taxes in the United States. I will not permit any capital or profit to be diverted to any such. I will do this because in the same way you believe it your divine right to punish “greed,” I consider it my duty to punish the stupidity and arrogance that is central planning, and because I believe in economic freedom. I will divert as many of your resources to my new home and its relative economic freedoms as I can. I will promote free markets in this way, and I will never look back. You will have made it clear that you are my enemy, and I do not forget such declarations.


I take no pleasure in this fight. I did not ask for it. I only asked for liberty, and the pursuit of happiness. Deny me these at your peril. In the end, I can only hope I’m not alone.


Austrian
March 22, 2009
Wait a second… you want to blame ME for the financial crisis?
Via Ry.
[It seems to me there are hundreds or thousands of ways one can legally declare war against the enemies of freedom. Look around and find yours.–Joe]

Quote of the day–Clayton Cramer

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Abandon all hopes of utopia – there are people involved.


Clayton Cramer
http://thinkexist.com/quotes/clayton_cramer/
[Dystopia, on the other hand, is well within our grasp and I fear we are approaching it at warp speed.–Joe]

Quote of the day–Dmitry Orlov

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So that’s what we have now. The ship is on the rocks, water is rising, and the captain is shouting “Full steam ahead! We are sailing to Afghanistan!” Do you listen to Ahab up on the bridge, or do you desert your post in the engine room and go help deploy the lifeboats? If you thought that the previous episode of uncontrolled debt expansion, globalized Ponzi schemes, and economic hollowing-out was silly, then I predict that you will find this next episode of feckless grasping at macroeconomic straws even sillier. Except that it won’t be funny: what is crashing now is our life support system: all the systems and institutions that are keeping us alive. And so I don’t recommend passively standing around and watching the show – unless you happen to have a death wish.


Dmitry Orlov
February 13, 2009
Social Collapse Best Practices
[I don’t know whether to believe we are really in a life or death situation but I suppose it is possible. What I am fairly confident of is that the current administration doesn’t have a clue as to what to do. They may think they have a clue but it’s all “hope and change” and almost zero knowledge.–Joe]

Quote of the day–Lazarus Long

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Sovereign ingredient for a happy marriage: Pay cash or do without.


Interest charges not only eat up a household budge, awareness of debt eats up domestic felicity.


Lazarus Long
The Notebooks of Lazarus Long, page 30.
“The Notebooks…” was extracted from Robert A. Heinlein’s book Time Enough for Love in which Long is the main character.
[Although this advice was intended for marriages between humans in a common household, probably including group marriages, it seems to me it applies to much larger groups as well. I’m thinking of our city, state, and Federal governments.–Joe]

Quote of the day–Milton Friedman

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We have a system that increasingly taxes work and subsidizes nonwork.


Milton Friedman
[It’s true. But the people running the “system” refuse to see it that way.–Joe]