Archive for the ‘Economics’ Category.

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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Honest Work

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Bitcoin Billionaire

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Economist’s Christmas

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“Urban Renewal” and The Kakistocracy


Adventures in Buffaloland – Episode 1 – Tim Tielman in Niagara Square, downtown Buffalo

Urban renewal was the lethal marriage of progressive urban engineering with what Tim [Tielman] calls the “kakistocracy“—thieves who justify their crimes against place in the canting and condescending language of efficiency and inevitability.

New York’s Senator Daniel Patrick Moynihan once said, while being driven through urban-renewal-decimated Auburn, New York, “In the 1950s, with a progressive government and newspaper, you got into urban renewal and destroyed everything of value in your town. If you’d had a reactionary newspaper and a grumpy mayor, you might still have it.” Try to imagine Chuck Schumer or Kirsten Gillibrand saying something one-ten-thousandth as perceptive. (Confirming Moynihan, the largest American city to reject urban renewal funding was Salt Lake City, whose voters, following the lead of their delightfully cranky libertarian Mayor J. Bracken Lee, rejected the federal bulldozer in 1965 by a vote of 29,119 to 4,900.)

Moynihan had a soft spot for Buffalo, probably because it was filled with the ethnic Catholics who claimed his heart, if not always his head. His support was critical in saving Louis Sullivan’s terra cotta-ornamented Guaranty Building (1896) from senseless demolition. (In a 1961 essay in Commentary, Moynihan called Buffalo “a big, ugly, turbulent city.” I once asked him if that description caused any problems in his campaigns. He looked at me incredulously. “How many people in Buffalo do you think read Commentary?”)

Tielman says, “Absent the federal and state money, none of this devastation occurs in Buffalo or Niagara Falls.” He elaborates: “Where did this free money go? To the existing power structure”—whose acts of destruction were facilitated, I regret to say, by urban Catholic mayors, who sacrificed significant portions of their cities to the Greatest Generation’s Greatest God: Progress.

. . .

[T]he Canal District [in Buffalo] is now threatened by every parent’s nightmare: a children’s museum, a $27 million project, jointly funded by a state development corporation and corporate donors, with the city offering a $1-a-year lease for forty years.

Tim is not enthusiastic. “Did you know Buffalo is the largest city in the country without a children’s museum?” he asks in mock outrage. “We can’t let that stand!” More seriously, he notes that “children’s museums attract fewer people than cemeteries,” and that this one “has nothing to do with the Canal District—it could be anywhere.” (It could be anywhere—what an apposite caption for so many of the edifices that deface our cities: This could be anywhere.)

. . .

Jane Jacobs occupies the catbird seat on Tim’s bookshelf. He rhapsodizes Jacobsian over pre-urban renewal Buffalo, which was “dense with buildings and crowded sidewalks, where one could wander block upon block, past shop after shop, restaurant after restaurant, office building after hotel, without apparent end. Buffalo was a beehive, where all of life’s necessities, pleasures, and luxuries could be had within the square mile of its core.”

Its demolition was not the work of some invisible hand or inscrutable force but rather, in Tielman’s phrase, “social engineers” who destroyed the essence of the city.

. . .

Next time you’re in Buffalo—and you really ought to visit; the Buffalos and Lowells and Pittsburghs are so much better for the soul than Orlando or Myrtle Beach—take one of the Campaign for Greater Buffalo‘s open-air bus tours.

The Real Buffalo Rises: How one American city lost, and then reclaimed its destiny.


Adventures in Buffaloland – Episode 2 – Tim Tielman visits two office buildings in Buffalo


Adventures in Buffaloland – Episode 4 – St. Paul’s Cathedral and Sullivan’s Guaranty Building<

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Teach a man to fish….

Handouts don’t work. By now, we have decades of data to show they don’t. The War on Poverty has created generational poverty on a level that wouldn’t likely exist without it. The family unit has been destroyed in impoverished communities, as policies tend to favor women with absentee co-parents. We know that handing even more money over doesn’t work.

So how did the Republican mayor of Albuquerque [Mayor Richard Berry] deal with the lowest of the low in his city? Simple. He found a way to give them their dignity back.

    Throughout his administration, as part of a push to connect the homeless population to services, Berry had taken to driving through the city to talk to panhandlers about their lives. His city’s poorest residents told him they didn’t want to be on the streets begging for money, but they didn’t know where else to go.

    Seeing that sign gave Berry an idea. Instead of asking them, many of whom feel dispirited, to go out looking for work, the city could bring the work to them.

    Next month will be the first anniversary of Albuquerque’s There’s a Better Way program, which hires panhandlers for day jobs beautifying the city.

    In partnership with a local nonprofit that serves the homeless population, a van is dispatched around the city to pick up panhandlers who are interested in working. The job pays $9 an hour, which is above minimum wage, and provides a lunch. At the end of the shift, the participants are offered overnight shelter as needed.

    In less than a year since its start, the program has given out 932 jobs clearing 69,601 pounds of litter and weeds from 196 city blocks. And more than 100 people have been connected to permanent employment.

. . .

There’s a beneficial exchange taking place. The city of Albuquerque gets litter picked up and some landscaping while those who are doing the work are given a wage.

In the process, it gives these people their dignity back.

Mayor Comes Up with Simple Way to Combat Homelessness, Panhandling in His City

Incentives matter.

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“Politics is unalloyed idiocy”

[O]ne of the reasons why I so thoroughly detest politics: it insults my intelligence. Even overlooking all of its many other faults, politics remains insufferable because it’s so completely imbecilic. It traffics in assertions that are either hilariously false or utterly meaningless. Politicians and their operatives then expect those of us on the receiving end of their moronic assertions not only to believe these assertions to be true, but also to marvel at the amazingness of the politicians who, we are assured, regularly perform the unbelievable feats described by the assertions.

Politics is unalloyed idiocy treated even by – indeed, especially by – the intelligentsia as if it is a solemn and serious undertaking. But it’s not. Politics is overwhelmingly the domain of megalomaniacal frauds, liars, and con artists.

Politics – Don Boudreaux

For too many, politics and the the state are their idols.

Statolatry. Ozymandias.

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“Tysons Corner, the Bubble Inside the Beltway Bubble”

Tysons [Corner, in McLean, VA] is an easy target for anger, with its combination of ostentatious wealth and its utter lack of coherent planning or design. It is the very archetype of ugly American sprawl: neither truly suburban, in which a leisurely drive or stroll down a sidewalk is at least in theory possible, nor truly urban, with all of the cheek-by-jowl rough-and-tumble life and character of a city. Tysons Corner instead consists of miles of grim concrete big-box stores, parking garages, flashy towers, garish office blocks, and decaying mid-century kitsch, all lining an expanse of 10-lane expressways that will kill you instantly if you crane your neck toward the dismal view for more than a second. It is the visual equivalent of putting a Beethoven symphony and a Metallica concert in a blender and piecing them back together at random.

But what should draw more attention is the fact that the greater Washington area now boasts one of the highest concentrations of wealth anywhere in the United States, much thanks to the ginormous federal bureaucracy and National Security State which has grown exponentially since the 9/11 attacks. As of 2015, fully half of the top 10 highest-income counties in the nation are in Maryland and Virginia, within an hour of the capital. There are probably as many Teslas in Fairfax County as there are in Silicon Valley.

None of this, of course, negates the reality that there is plenty of poverty, some of it desperate, right in the shadow of the U.S. Capitol. For example, there are the inner-ring suburbs of southern Maryland, largely decaying time-capsules of the 1950s which might be largely abandoned if not for people left behind by the 2008 financial crisis, low-wage workers who likely spend their days servicing their wealthy neighbors, and a deluge of poor immigrants, not all of them legal. These pockets of poverty only make the bloat and waste of the government—and its symbiosis with the sprawling, ever-increasing network of contractors, consultants, lawyers, and establishment media organs—more shameful. It is not as if these counties are rich through a roll of the dice: it is rather through what James Howard Kunstler calls “asset-stripping”—the matrix of financialization, offshoring, and an ever-increasing “Deep State” bureaucracy.

If the government should ever shrink, if the financial system should ever truly collapse, or if the military industrial complex stopped turning, this whole region would be depopulated. The “Alexandria” of The Walking Dead might prove prophetic. Without the steady flow of federal dollars, the 10-lane superhighways, luxury apartment towers, those kitschy mid-century diners, not to mention most of Loudoun and Clarke counties, would make Detroit look like a boomtown.

Tysons Corner, the Bubble Inside the Beltway Bubble

Ozymandias

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