"In the Before Time, The Long Long Ago, keeping an eye on rightward opinioning was good for sharpening counter-arguments. Now I appreciate anti-orange conservatives as one appreciates well-armed, battle-tested holdouts trying to survive a zombie apocalypse. The numbers aren't on their side, but the fact that they are the final few is a prima facie case that they weren't wrong on everything."
"It’s obvious that the old American aristocracy had a much better track record. It’s not even close, really. The old American aristocracy was in control during an unparalleled period of American ascendance. It presided over the greatest economic expansion ever, the creation of a massive and growing middle class, the spread of democracy to other parts of the globe, general peace in its spheres of influence, institutions such as the Marshall Plan, United Nations, the World Bank, the International Monetary Fund, and the Bretton Woods Monetary System, and the creation of “the liberal world order.” And though this group of elites came close, they didn’t blow up the world. However, determining just how much credit the old American aristocracy deserves for these developments is tricky."
“Because the industry has such a voracious need for capital, and capital costs money, fracking could not have taken off so dramatically were it not for record low interest rates after the 2008 financial crisis. In other words, the Federal Reserve is responsible for the fracking boom.”
A lot more people think they’re middle-class than actually are. This is because “middle-class” is as much an ideology as it is a salary range. By “ideology” I mean a “way of thinking” that justifies how one thinks and acts. It’s interesting that neither “lower-class” nor “upper-class” are ideologies. Neither has need for it. Both understand the true nature of class warfare. It's crucial that the middle class remains oblivious.
Today: Low productivity, trade war, no money control, Hume this!, YubiKey, Neoliberalism is dying, benefits torch wages, Mises!, curse you Western philosophy!, and a child abuse contrarian. Come get some.
Today: Ever Wonder What Happened To Deficit Hawks?, The End Of Chimerica, How Not To Think About Atheists, and Here’s Looking At You...Kid?
Today: Looking for Mr. Good Jobs, The Nation vs. The Globe, Amazon is China, and A Comic From The Before Time, In The Long Long Ago
For Trump to suggest that Russia should be reinstated is essentially to say that invading and annexing Crimea was OK.
We think there’s a political and a military solution in Syria while we dither about the political and occasionally unleash the military. But for Assad and his coalition a military solution is the political solution.
Trump is banking on weapons production and sales as a revenue stream (and a source of manufacturing jobs) for the U.S. Likewise, Russia needs new cash flows to offset low oil prices and the effects of Western sanctions.