Archive for the ‘More Money Than Judgement’ Category.

Men of action!

These men were men of action; they were hustlers; they were full of vim and pep and snap and zip. In other words, they were deaf and blind and partly mad, and rather like American millionaires. And because they were men of action, and men of the moment, all that they did has vanished from the earth like a vapour; and nothing remains out of all that period but the little pictures and the little gardens made by the pottering little monks.

The New Dark Ages, by G.K. Chesterton

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We all stand on the shoulders of giants

Every normal person understands that every one of us stands on the shoulders of giants. Newton, Einstein, Aristotle, the inventors of the danish, and so on. And, though the West gave the East computers and plastic, and the East gave the West gunpowder and silk, undergraduates have given us nothing. But that’s not their fault — they’re young and innocent. They know nothing. You can’t blame an undergraduate for panicking about cultural appropriation any more than you can blame a puppy for chewing up your baseball mitt. That’s why these kids are in school — to learn things.

The spineless, weaselly deans and presidents of America’s universities should try to remember that.

The Liberal Fantasy of Cultural Appropriation, by Josh Gelernter

Moral preening. Ozymandias

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Hope and Change!

How well did being backed by rich people work for Mitt Romney in 2012? Are the Koch brothers more powerful than the average American voter’s desire to be taken care of by the Great Father in Washington? Have they picked our next president yet?
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It is great that we were sent a savior. But how come, after seven years of being saved, we still have “urgent work to do”?
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We have moved from an expensive system in which tens of millions of Americans were uninsured to a crazy expensive system in which tens of millions of Americans are uninsured.
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One thing that we proved in the housing market of 1992-2007 was that it doesn’t matter how much something costs as long as you can refinance it.
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Summary of what the three candidates said: Despite being led by one of the greatest human beings who ever lived, American government today is incompetent, unable to deliver functional infrastructure, safe water, desired foreign policy results (even with countries in Central America), or health care to citizens. Branches of the government may be unable to pay their debts (Puerto Rico). What we need to do is give this incompetent government a larger percentage of the GDP to allocate. We should also task this government with setting wages for both government and what was formerly known as “private sector” jobs.

The last debate for the Democrats, by Philip Greenspun

Moral Preening and Ozymandias

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New York is Broke

Congressmen, presidents and bureaucrats from both political parties have generated an $18 trillion national debt and the most sluggish economy since the 1930s, but state officials across the country are no slouches in running up huge debts and hobbling their economic climates.

The result is some states are busted, with sluggish economies, while others are busting loose with growing economies and more opportunity. The reasons for both aren’t hard to find, they’re all in the numbers.

Take California and New York, for example, two states that have had big-spending governors and legislators for decades. Based on data compiled by and Open The Books, residents of both states may want to prepare for hard times ahead.

California has $328 billion in debts, compared to only $94 billion in assets, for a deficit of $234 billion. If debt holders all tell state officials to pay up in 2016, every Californian will have to pay an additional $20,800 in taxes.

Similarly, New York has $257 billion in debt and $130 billion in assets. That makes the Empire State’s deficit $127 billion, or about half of California’s. Even so, if the debts all come due next year, it will mean another $20,700 in taxes for New Yorkers.

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Ranked according to the difference between their assets and debts, California is at the bottom of the 50 states, while New York ranks 47th. But as the adjoining chart illustrates, other states are in bad shape, too. See how all 50 states rank here.

Is Your State Busted Or Busting Loose?



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Social and Economic Costs of Legal Abortion

[L]egal abortion is the main cause of family breakdown, including specifically the rise in rates of divorce, illegitimacy and crime, and entry of most developed nations–now including the United States–into “demographic winter.”
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“taken in its entirety, legal abortion is perhaps the single largest American economic event of the past century, more significant than the Great Depression or the Second World War.”
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Legalizing abortion raised crime rates immediately and with a lag by turning new fathers back into men without dependent children.
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Finally, the birth rate is strongly and positively related to the rate of weekly worship. This is because all gifts of scarce resources—whether rearing a child or worship—require the same lowering of self and raising of others in our scale of preferences for persons. On average throughout the world in 2005-10 (adjusted for differences in mortality), a couple which never worshipped had an average of 1.2 children; but the average couple which worshipped at least once a week had 2.4 more—an average of 3.6 children.

Social and Economic Costs of Legal Abortion, by John D. Mueller

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You’re Not Actually A Hero

Every day there’s some story focusing on false heroes and pseudo-bravery masquerading as some valiant or defiant action. Not only on the political front, but in culture, where fake courageousness not only dilutes the genuine heroic actions of others, but is used to create the false impression that people are engaged in actions far more important than they really are. Bravery is not synonymous with “you agree with me.”
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Few people would argue that someone who puts it all on the line to try to save the lives of strangers is not a hero. But it’s pretty rare. Maybe in a pluralistic and free society we don’t need as many heroes. That might be a good thing. But what we shouldn’t do is confuse heroism with the actions of someone who is merely reaffirming our own worldview. Yet that seems to be the case quite often.

Guess What? You’re Not Actually A Hero, by David Harsanyi

SJW’s and other moral preeners are not heroes.

If you want to change things, pray: “How Desperation and Devotion Can Change Your Prayer Life

Pray the Sorrowful Mysteries with Fr. Peyton

Pray the Joyful Mysteries with Fr. Peyton

Pray the Glorious Mysteries with Fr. Peyton

Pray the Luminous Mysteries of The Rosary with Father Patrick Peyton, CSC

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“The sine qua non of liberty is refusal to live by lies”

“Do not abandon yourselves to despair. We are the Easter people and hallelujah is our song.”
Saint Pope John Paul II

“Since the general civilization of mankind, I believe there are more instances of the abridgement of freedom of the people by gradual and silent encroachments by those in power than by violent and sudden usurpations.”
James Madison, Speech in the Virginia Ratifying Convention on Control of the Military, June 16, 1788

“Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience.”
C. S. Lewis

The ruling class also refers to abortionists as providers of medical services for “reproductive rights,” and indicts as “extremists” those who illustrate what the abortionists do with photos of what surely look like children, with arms, legs, and heads chopped or burned. Yet each of these little ones’ DNA shows him or her to be a son or a daughter of a particular mother and father. Lincoln argued that no one has the right to exclude any other person from the human race. Why is it right so to dispose of millions of little sons and daughters? By what right does anyone dishonor as “extremists” those who show the victims for the human beings they are?
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But science is reason, not pretense. Only the power of government can translate scientific illiteracy into scientific pretense. What President Dwight Eisenhower warned against in his 1961 farewell address has become our reality: “domination of the nation’s scholars by Federal employment, project allocations, and the power of money.” Government money is the means by which ruling-class power has become the scientific pretense by which we are instructed what to eat, how to shower, what medical care is proper and what is not, and what to think about right and wrong.
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Demands from on high to join in mouthing lies call forth a visceral reaction: “Who the [expletive deleted] do they think they are to impose this warp of reality on us?”
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As the great Solzhenitsyn reminds us, the sine qua non of liberty is refusal to live by lies.
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Americans tell pollsters that we distrust our bipartisan ruling class. Accusations of racism, sexism, ignorance, etc. have not convinced us. People who pay attention to public affairs are not ignorant about how these accusations contrast with reality.

Standing Up to the Ruling Class, by Angelo M. Codevilla

“What would you call a society that made adoption incredibly hard and abortion incredibly easy? I’d call it sick at heart.”
Peter Hitchens

“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

“The real conflict in political theory … is not between individualism and community. It’s between voluntary association and coerced association.”
David Boaz

“Power tends to corrupt, and absolute power corrupts absolutely.”
Sir John Dalberg (Lord Acton)

“‘Bipartisanship’ sounds like a good idea in theory, but it usually ends up as broad congressional agreement that the American people have too many liberties or too much money.”
Jonathan Blanks

“It will never be known what acts of cowardice have been motivated by the fear of not looking sufficiently progressive.”
Charles Péguy

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Statolatry and Philosopher Kings


Government is just another word for our betters, philosopher kings and statists like Bernie Sanders, telling mere mortals what to do and how to live.

3 Reasons Why It’s Okay to Have 23 Kinds of Deodorant

This is a very old and thoroughly discredited idea, one that dates back to Karl Marx and to the anti-capitalists who preceded him. It is a facet of the belief that free markets are irrational, and that if reason could be imposed on markets — which is to say, if reason could be imposed on free human beings — then enlightened planners could ensure that resources are directed toward their best use. This line of thinking historically has led to concentration camps, gulags, firing squads, purges, and the like, for a few reasons: The first is that free markets are not irrational; they are a reflection of what people actually value at a particular time relative to the other things that they might also value. Real people simply want things that are different from what the planners want them to want, a predicament that can be solved only through violence and the threat of violence. That is the first reason that this sort of planning leads to gulags. The second is that there are no enlightened planners; men such as Senator Sanders imagine themselves to be candidates for enlightened leadership, but put a whip in his hand and the gentleman from Vermont will turn out to be another thug in the long line of thugs who have cleaved to his faith. The third reason that this sort of planning always works out poorly is that nobody knows what the best use of resources actually is; all that the would-be masters know is that they do not approve of the current deployment of resources.

Bernie Sanders’s Dark Age Economics

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UberX Driver – Your Private Underpaid Driver

(Also see Craigslist Uber Scam #UberScam)

Potential UberX drivers, do not rely on what Uber tells you about how much you will make. The inflated figures Uber bandies about on Craigslist and in its PR about how much you might make are 1) inflated, and 2) before expenses. So you must discount what you make from Uber by 50% to account for Self Employment taxes (remember that you will be paying both the employee and the employer portion of these), fuel, depreciation, maintenance, and income taxes.

And after Uber has been in a city for a while, and after Uber runs its promotional discount during which drivers do not take a hit, Uber will unilaterally cut rates with little advance notice to drivers, and you will then make even less (and if you unwisely used Uber-arranged financing to buy a car, you are really stuck).

Even before your costs and deductions, Uber’s take is more like 25% of the “fare” charged to riders after Uber deducts the “Safe Rides Fee” ($1 per ride) and its 20%. Yet Uber shows the rider the top-line “fare” to the rider and to you as if that is what you earn. It’s not.

Uber’s “Safe Ride Fee” of $1 per ride is shown to the rider as part of the fare, but Uber shows the $1 fee separately when it pays drivers. So Uber makes, at the outset, $1 on every single trip. #UberLies

For example, a $6 “fare” will result in the driver being paid $6 – $1 Safe Rides Fee = $5 – (20%) $1.00 = $4.00. $4.00 / $6 = you making 67% of the “fare”. Uber’s take is more than 30%. (A $10 fare results in the driver being paid $7.20, which means Uber’s take is 28%, not 20%.) And if you think “fares” under $10 are unusual, especially after a rate cut, think again.

Uber gets so much positive press because it is allegedly “high-tech” and “innovative” and “disruptive”. But it is building its valuation on a very shaky foundation of grabbing market share by lowering rates and thus lowering driver quality and increasing driver churn. And many journalists who cover Uber have no clue about and are not interested in the misrepresentations of “income” that Uber uses to recruit drivers. After all, most journalists, like most UberX riders, love riding around for cheap, without wanting to know that UberX driver car equity is helping pay for that cheap ride.

Don’t believe us? Then read the stories linked below and listen to the Columbus, Ohio UberX driver who quit (YouTube at bottom). You have been warned.

Some Uber drivers say company’s promise of big pay day doesn’t match reality, by Luz Lazo
Uber’s EPIC blunder, on
Beautiful Illusions: The Economics of UberX, by Justin Singer
Ride-share service Uber drivers say pay is shrinking, by William D’Urso
Driving in LA since the latest pay cut, on
Uber’s Battle Against Its Drivers Continues, by Olivia Nuzzi
What Uber Isn’t Telling uberX Drivers, by Nate Boroyan

PS. Are you sure your auto insurance covers you? Are you sure your policy won’t be canceled if your agent finds out?

Uber as a company is very disrespectful of its (mostly brown and black male) drivers. After Uber runs it promotions discounting rates (especially UberX), and stressing that the drivers are not losing anything, at the end of the promo period Uber then announces to its riders that lower rates are here to stay, making the decision unilaterally and with only a few hours advance notice to UberX drivers. The new rate reduction DOES impact drivers as the entire rate reduction comes out of drivers’ pockets. (In some cities that have had recent rate cuts, some UberX drivers did not work the Labor Day weekend to protest those rate cuts.)

Uber has recently pulled this underhanded trick on UberX drivers in Boston, Washington DC, London, Los Angeles, NJ, Tampa, Fresno, and Seattle, among other cities. So, current and potential UberX drivers, be prepared to see Uber unilaterally cut your fares by 15% to 20% while letting riders know how great Uber is for cheap rates, and giving drivers little advance notice of the new “improved” 15% to 20% pay cut.

In response to Uber unilaterally lowering rates, many Uber drivers are now attempting to cause surge pricing.

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Higher Ed Bubble, Demographics and Roe Effect

The Roe Effect, combined with way-too-high college tuition and fees for a lousy education, the resulting student debt, and underemployment of recent college grads is going to lead to many more colleges closing in the coming years.

A waning number of high school graduates from the Midwest is sparking a college hunt for freshman applicants, with the decline being felt as far away as Harvard and Emory universities.

The drop is the leading edge of a demographic change that is likely to ease competition for slots at selective schools and is already prompting concern among Midwestern colleges.

“You can’t create 18-year-olds in a lab,” said Brian Prescott, director of policy research at the Western Interstate Commission for Higher Education in Boulder, Colorado. “Enrollment managers are facing an awful lot of pressure that they can’t do much about.”

Denison University, in Granville, and the College of Wooster, both project about a 13 percent drop from within the state. Ohio residents make up about a quarter of Denison’s student body and about a third at Wooster. Denison and Ohio Wesleyan University have boosted travel outside the state to attract prospective students, especially in California and the Southwest.

Dwindling Midwest High School Grads Spur College Hunt

From April 2013: Colleges Struggling to Stay Afloat

Too many high school students are told they must go to college when many of them would be much better off getting trained in a 1 to 3 year program learning a trade or earning a certificate in a practical skill, like welding. See
mikeroweWORKS Foundation
Don’t Go to College Next Year
Don’t Send Your Kids to College
Phi Beta Cons

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