Archive for the ‘Economics’ Category.

The Clerisy and the Kakistocracy and the Administrative State

If anything, both Left and Right have developed a newly intense resentment of the way in which purely private actors can exercise tremendous influence over their lives: corporate mergers and restructurings take away jobs and upend the economic situation of communities dependent on them; Facebook and Twitter endeavor to silence unpopular political views, or else are used as vehicles for ochlocratic attacks on hapless Starbucks staffers and Chipotle managers; in 2008–09, the world economy was convulsed by the fact that a great many Wall Street firms made bad investments that they did not quite even understand, necessitating trillions of dollars in bailouts and “quantitative easing” to stave off economic disaster. It is easier for a man to walk away from his wife and children than from his credit-card debt or student loans. Nobody seems to really know what his health insurance will cover — or what it will cover the day after tomorrow. A third of the teachers participating in a grant program found themselves saddled with loans — loans they had never signed up for, sometimes amounting to tens of thousands of dollars —because of paperwork issues. Innocent men and women are wrongly prosecuted and end up financially ruined even when they escape jail, and even as prosecutors boldly boast about abusing their powers.

The burden of these developments always seems to fall on those who do not have much money or power. You miss filing a 1040EZ one year and you’ll get your bank account hijacked by the IRS; Lois Lerner hijacks the entire IRS for a political project and she ends up with pension that’s twice what most American households earn in a year. Corporate executives flit from one gilt perch to the next, politicians flout both law and morality without real consequence, and their cronies and minions rarely miss a paycheck. Meanwhile, the New York Times is full of advertisements for Rolex and Cartier, Tiffany and Zegna — and stories about how nobody can really be expected to get by on $200,000 a year.

In Francis Fukuyama’s magisterial Origins of Political Order, he specifies three things that undergird the development of political development: the state, the rule of law, and accountability. The first we have plenty of — more of than we need, really. The other two . . . less so. Irrespective of how you feel about the current legal efforts being made against President Trump, it is impossible for any intelligent person to look at the situation and conclude that anybody — anybody — involved in this mess is simply working to apply the law rather than conducting a political jihad or counter-jihad through legal means — lawfare, as they call it. The rule of law took a beating during the Obama administration, and the chaos of the Trump administration does not seem likely to contribute much to its recuperation.

Who’s in Charge Here?

Crony capitalism and statolatry all the way down.

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The Idiot by Stan Rogers

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AMAZON, den of thieves

amazon scammers – Google search

Amazon’s Antitrust Antagonist Has a Breakthrough Idea,” by David Streitfeld, NYT, September 7, 2018

Amazon wants a key to your house. I did it. I regretted it. – Duluth News, Dec. 17, 2017

Amazon demonetizes conservative website (us), Legal Insurrection, May 23, 2018

IBPA’s Fall 2017 Update on the Amazon Buy Button Policy ChangeIBPA, Oct. 5, 2017

How One Pillow Manufacturer Is Putting Amazon Fraudsters to Bed, One Scammer at a Time

Just How Bad Is the Fake Reviews Issue on Amazon? Here’s an In Depth Example, reddit, June 2018

FakeSpot – Tired of fake reviews?

How Sellers Trick Amazon to Boost Sales, WSJ July 28, 2018 (On MorningStar)

Money Laundering Via Author Impersonation on Amazon? Brian Krebs, Feb. 20, 2018

The Book Thief, Amazon Edition, WSJ, Feb 26, 2018

On Amazon, Fake Products Plague Smaller Brands, WSJ, July 19, 2018

Amazon Says More Than a Million U.S. Small Businesses Sell on Its Site, WSJ, May 3, 2018

Couple at Center of $1.2 Million Amazon Scam Gets Nearly 6 Years in Prison, June 5, 2018

How an Amazon Self-Published Book May Be the Latest Money Laundering Scam, Fortune, Feb 23, 2018

Amazon Scams On The Rise As Fraudulent Sellers Run Amok And Profit Big, Forbes, Jan. 2, 2017

Amazon tries to snuff out a bunch of Kindle publishing scams, CNet, Sept. 7, 2017

Going Off-Topic – Amazon made me a victim of tax fraud & potential money laundering and I want answers!, CTRMCenter, Feb. 23, 2018

Why All My Books Are Now Free (aka A Lesson in Amazon Scams and Money Laundering), Meb Faber Research, April 18, 2018

Someone Stole My Entire Book (and My Job) and Is Selling It On Amazon, ExtremeTech, April 13, 2018

Update On My Stolen Book (and Job) on Amazon, ExtremeTech, April 25, 2018

Amazon warning: Beware of deliveries you didn’t order, Clark Howard, Feb 23, 2018

To cash in on Kindle Unlimited, a cabal of authors gamed Amazon’s algorithm, July 16, 2018,

Amazon – Amazon report listing abuse or violation

Amazon- Claim Copyright Infringement

email: copyright@amazon.com

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Thin-Skinned


If you run into an asshole

There isn’t that much organic outrage in the world; it is by necessity manufactured.

If only there were some easy way to distinguish between the decent and well-intentioned and the callous and hateful. Perhaps we should consider the philosophical maxim of Raylan Givens: “If you get up in the morning and you meet an a**hole, you met an a**hole. If you meet nothing but a**holes all day, you’re the a**hole.”

The Exquisite Sensibilities of the Outrage Industry

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Enforcing the Law Is Inherently Violent

Yep.

Yale law professor Stephen L. Carter believes that the United States would benefit if the debate about what laws ought to be passed acknowledged the violence inherent in enforcing them.

Enforcing the Law Is Inherently Violent

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Mike Rowe Interview

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Crooked Timber


The Death of Stalin

If you believe that H. sap. is only time’s favorite monkey — that man is meat — then there’s a perfectly reasonable explanation for the kind of behavior we’re talking about, and no need to justify it, since there is nobody to justify it to. If you believe that man ought to be better, it implies that he can be better, and that “better” means something. And here materialism fails us, which is why Marxism became an ersatz religion. Christianity is a fortunate religion in the sense that the endless moral failings of its leaders (and followers) keeps illustrating, generation after generation, the fundamental facts of the creed. The creeds based on human perfectibility, which is the romantic notion at the heart of all utopian thinking, have as their main problem the countervailing example of everybody you’ve ever met and ever will.

It is tempting to make like the Pharisee rather than the publican and say: “God, I thank you that I am not like the rest of men, extortioners, unrighteous, adulterers, or even like this tax collector.” It is unpleasant to meditate on the truth at the center of Christianity, and perhaps at the center of all wisdom: I am like the rest of men, extortioners, unrighteous. (I have never been guilty of collecting taxes.) We must sympathize with the victims and care for them, but we must also identify with the malefactors, who are made of the same stuff as we are, cut from the same crooked timber.

Stalin at the Movies

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Politicians love spending other people’s money and seeing themselves as heroes


P.J. O’Rourke: The Funniest Man in America

Friends, our governments are broke. We’ve made more promises than we can keep. Neighborhoods are falling apart, even in cities experiencing robust growth, and that’s only going to get worse. It’s the epitome of reckless arrogance for any planner (note: I’m a planner) to project increases in future demand as a way to justify large, public transportation investments when our existing systems are starved for funds, even for their own basic maintenance.

Fix what you have. Make it work incrementally better each day. Squeeze more and more productivity out of your ridiculously unproductive city. That needs to be our obsession, and transit can be part of that, but not the tip of the spear. And certainly not the tip of a ballistic missile.

TRANSIT’S CHICKEN & EGG FALLACY

Also seeBribing People to Move to Your City

“It is terrible to contemplate how few politicians are hanged.” G.K. Chesterton

“Politics is unalloyed idiocy” Don Boudreaux

“The urge to save humanity is almost always a false front for the urge to rule.” H. L. Mencken

“The whole point of a free society is to reduce the number of things that are political, particularly at the national level. When everything is considered political, the totality of life is politicized. And that’s just a clunky way of describing totalitarianism.” Jonah Goldberg

“I respect ordinary thieves much more than I respect politicians.” Walter Williams

“The worst evils which mankind has ever had to endure were inflicted by bad governments.” Ludwig von Mises

Statolatry and Ozymandias

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I’m Outraged! LOL!

Is it alright to express outrage against excessive displays of outrage? I ask this more in curiosity than in anger.

. . .

“I am outraged by your outrage, sir,” is a line I have tried in several situations. Or, “ma’am,” as the case may be — spoken in the voice of unturbulent irony. It worked once, as anything might, calculated to make one’s assailant laugh. The trick is to undermine his self-importance, and this is easier to perform while it is over-exposed. Mere escalation will not have this effect, nor any other form of competition in which spectators are left to vote on which party is the greater lunatic.

For God, in His infinite foresight, has so arranged the human condition that reason has at least a chance. The Christian yoga of self-containment puts anger to its proper uses. Or, should gentle reader prefer: the principles of balance and leverage in judo.

. . .

[I]t is well to remember that outrage never works for long. It makes a dramatic opening for conflict, but can only be sustained with the sort of acting which, as we are beginning to see in Natted States Merica and elsewhere, soon wears on any audience. “Yes,” one might reflect to oneself, “it is quite outrageous that they are crazy and we are sane.”

But it is important that we manifest sanity.

A puzzlement

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Strong Towns

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