Among the biggest lies of the welfare states on both sides of the Atlantic is the notion that the government can supply the people with things they want but cannot afford. Since the government gets its resources from the people, if the people as a whole cannot afford something, neither can the government.
The source.
Reuters journalist Christopher Holme wired back to London that it had been the most terrible air strike of all time. But German squadron leader Wolfram Freiherr von Richthofen noted enthusiastically that Guernica "has been literally razed to the ground. Bomb craters can be seen in the streets. Simply wonderful!"
The entire article on Guernica.
PS
I had a great time in Gent, getting to know marvellous Professor Hülsmann and thoroughly enjoying his lectures. But I am under the weather with an obstinate cold and too exhausted to go into details of this most successful trip now.
It is impossible not to speculate.
Speculating is a form of behaviour, active or passive, resulting from a view taken on the course of future events. If you do not participate in the stock market you are effectively taking a speculative position. Your speculative position will be rewarded if the stock market is doing badly; you will be punished if exchange-traded equities are doing well.
Probably the most risky and most questionable form of speculation is to be long, as it were, on government and the state, i.e. to rely on these forces to influence and shape your fate.
My own generation is likely to become part of a long and uninterrupted sequence of generations totally destroyed (physically and/or materially) by the German state (First World War, hyperinflation, depression, Third Reich, Second World War, impending currency collapse and break down of the "welfare state").
Don Boudreaux has an excellent letter to the editor, where he brilliantly debunks the unthinking emotionalism - "the stakeless and idle yammering" - of those who blame rising oil prices on speculators.
You speculate that “excessive speculation, mainly by Wall Street index-fund traders, is needlessly driving up [gasoline] prices” (“Speculators and the Gas Pump,” April 19).
Speculative buying is excessive only if it pushes prices higher than will be warranted by tomorrow’s conditions. But no one – not even the academic authors of papers to which you link – knows for certain just how tight gasoline supplies will be tomorrow. Many investors are speculating that these supplies will be very tight indeed. If these investors are correct, they’ll earn profits and their purchases today will be revealed tomorrow not to have been excessive.
You, in contrast, insist that these speculators are mistaken (that is, you think they’re destined to lose money on their investments). So put your money where your mouth is: invest contrary to these speculators by going short in gasoline. If you’re correct that today’s speculation is excessive, not only will you make a killing when proof of your prescience arrives tomorrow in the form of gasoline prices that are lower than are expected by the speculators who you criticize, you’ll also put downward pressure on today’s gasoline prices.
Rather than opine with no skin in the game, get involved! Show the world that your intellectual speculations aren’t idle.
The source.
As the two pieces below show, imagery drawn from the Titanic's disaster enjoys much currency these days, even though the anniversary of the super-vessel's sinking is still five days away.
I consider the Vieira interview (bottom of post) especially noteworthy - a very serious attempt at finding a practical way to fundamentally change the monetary framework of the USA. Vieira makes one wonder: will perhaps Nebraska spearhead a new American currency?
But first this:
We are like passengers on the Titanic ten minutes after its fatal encounter with the iceberg: the idea that the ship will sink is beyond belief.
As we all know, the "unsinkable" Titanic suffered a glancing collision with an iceberg on the night of April 14, 1912. Ten minutes after the iceberg had opened six of the ship's 16 watertight compartments, it was not at all apparent that the mighty vessel had been fatally wounded, as there was no evidence of damage topside. Indeed, some eyewitnesses reported that passengers playfully scattered the ice left on the foredeck by the encounter.
Read the entire post.
And now, Dr. Edwin Vieira, Jr., Constitutional Attorney and Author, and his plan for a Constitutional alternative gold and silver currency, run at the state level, to bring sound money to America.
Following the anti-war reminder This Imperialism Thing, I want it also on the record that
The United States, European allies and even Israel generally agree on three things about Iran’s nuclear program: Tehran does not have a bomb, has not decided to build one, and is probably years away from having a deliverable nuclear warhead.
Those conclusions, drawn from extensive interviews with current and former U.S. and European officials with access to intelligence on Iran, contrast starkly with the heated debate surrounding a possible Israeli strike on Tehran’s nuclear facilities.
Indeed, this has obviously been true for years. The official position of practically every authority on this subject has been: Iran has no nukes and is not trying to get them. This “impending” threat from Iran is completely bogus. Yet we see the anti-Iranian rhetoric stepping up, month by month, all toward an increasingly likely culmination in the form of war. Insanity.
The source.
I am an anti-imperialist. I am opposed to having the eagle put its talons on any other land.
- quoted in A Pen Warmed Up in Hell
It is a healthy thing to remind oneself every once in a while of the full picture of evil madness that destroys the American nation:
It is interesting to note just how well this imperialism thing has worked for the American people. At the end of last year the U.S. was kicked out of Iraq after spending some trillions of dollars and producing the deaths of hundreds of thousands of Iraqis and Americans. Al-Qaeda, which was not present in Iraq when the U.S. arrived, has lately been responsible for bomb attacks that have killed hundreds of Iraqis, mostly civilians. As a result of the ham-handed American intervention, Iraq’s closest friend now is not the U.S. It is Iran.
Appalled by the excesses of the U.S. military, Afghan President Hamid Karzai has followed suit, initially demanding that the U.S. restrict its soldiers to their bases, a move that would mean that the American presence in Afghanistan could well end in short order after the loss of another trillion dollars and the deaths of some tens of thousands of coalition soldiers and Afghan civilians. Even if Karzai accepts a continued U.S. presence that is more managed by his own “sovereign” government, the writing is on the wall, and all that is needed is a firm departure date. Oh, and the Taliban will definitely be coming back in one form or another.
Meanwhile, in neighboring Pakistan, the parliament is debating ending all cooperation with the United States because of the continuing drone campaign, which, true to pattern, kills mostly civilians. Pakistan is nuclear-armed and actually has real terrorists roaming its tribal regions. The departure of Pakistan from the game enables the manifest waste of the past 11 years to become completely clear, with Washington leaving Central Asia in far worse shape than it was when the U.S. Army and the CIA arrived.
[...]
If generally reliable client states such as Iraq and Afghanistan can summon up the courage to pull the plug on Obama, anyone can.
[...]
When everyone finally figures out that they don’t really need what former Secretary of State Madeleine Albright dubbed the “necessary nation” that “sees far,” they will be able to take steps to put their own houses in order. A Middle East without meddling from Washington would mean that the Israelis and their neighbors might actually have to talk to each other and establish a modus vivendi. Afghans and Pakistanis would have to work things out. Iran might even decide that no one is threatening it anymore and lose some of its paranoia. Likewise for the North Koreans. Americans could go back to doing what they used to be really good at: making things, being inventive and inclusive, and living decently without having to invade anyone or tell a government or two how to behave. It would be good-bye to all the things we don’t need and good night, America, finally in a good sense.
The source.
It is ironic but perhaps sadly appropriate that Attorney General Eric Holder would choose a law school, Northwestern University, to deliver a speech earlier this month in which he demolished what was left of the rule of law in America.
In what history likely will record as a turning point, Attorney General Holder bluntly explained that this administration believes it has the authority to use lethal force against Americans if the President determines them to be a threat to the nation. He tells us that this is not a violation of the due process requirements of our Constitution because the President himself embodies “due process” as he unilaterally determines who is to be targeted. As Holder said, “a careful and thorough executive branch review of the facts in a case amounts to ‘due process.’” That means that the administration believes it is the President himself who is to be the judge, jury, and executioner.
As George Washington University Law Professor Jonathan Turley wrote of the Holder speech:
“All the Administration has said is that they closely and faithfully follow their own guidelines — even if their decisions are not subject to judicial review. The fact that they say those guidelines are based on notions of due process is meaningless. They are not a constitutional process of review.”
It is particularly bizarre to hear the logic of the administration claiming the right to target its citizens according to some secret selection process, when we justified our attacks against Iraq and Libya because their leaders supposedly were targeting their own citizens! We also now plan a covert war against Syria for the same reason.
I should make it perfectly clear that I believe any individual who is engaging in violence against this country or its citizens should be brought to justice. But as Attorney General Holder himself points out in the same speech, our civilian courts have a very good track record of trying and convicting individuals involved with terrorism against the United States. Our civilian court system, with the guarantee of real due process, judicial review, and a fair trial, is our strength, not a weakness. It is not an impediment to be sidestepped in the push for convictions or assassinations, but rather a process that guarantees that fundamental right to be considered innocent until proven guilty in a court of law.
I am encouraged, however that there appears to be the beginning of a backlash against the administration’s authoritarian claims. Just recently I did an interview with conservative radio talk show host Laura Ingraham who expressed grave concern over using these sorts of tactics against Americans using the supposed war on terror as justification. Sadly, many conservative leaders were silent when Republican President George W. Bush laid the groundwork for this administration’s lawlessness with the PATRIOT Act, warrantless wiretapping, indefinite detention without trial, and other violations. Similarly, as Professor Turley points out, “Democrats previously demanded the ‘torture memos’ of the Bush administration that revealed poor legal analysis by Judge Jay Bybee and Professor John Yoo to justify torture. Now, however, Democrats are largely silent in the face of a president claiming the right to unilaterally kill citizens.” The misuse of and disregard for our Constitution for partisan political gain is likely one reason the American public holds Congress in such low esteem. Now the stakes are much higher. Congress and the people should finally wake up!
Leaving education in the state's hands is a guarantee to keep the conscripts of such enlightenment so self-contentedly uneducated as to take pride nationwide - by democratic majority and other mean means - in their preposterous ignorance and to cheer the paragons of educationally acquired obtuseness as men of genius and compelling leadership.
In this respect Obama is the people's president (no less than Bush), and a dignitary truly worthy of representative democracy.
Writes Mark Steyn:
A great nation needs successful self-made businessmen like George Peck, and purveyors of scholarly excellence like Mary Somerville. It's not clear [well, it is - see above, G.T.] why it needs a smug over-credentialed President Solyndra to recycle "Crowd-Pleasing For Dummies" as a keynote address.
The source.
See also More Obarrassment.
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