Dark Ages can last for centuries, after sinking civilizations in a vicious, downward vortex. “When the music’s over, turn out the lights,” to quote Jim Morrison of The Doors. Sometimes the lights stay out for a long time. Sometimes civilization itself is lost. Millions of EBT cards flashing zeroes might be the signal event of a terrible transformation.
But it gets worse. How is there standing in this case? Did individual borrowers who were black or Latino sue the banks and demonstrate evidence of discriminatory practices in violation of the FHA? Not a chance. It was the city government of Miami that sued the banks under dubious accusations of discrimination. Where is the injury-in-fact? How is the city a party to a “dispute” over private mortgages?
Are you ready? The argument is essentially as follows: Racist banks offered mortgages to too many black and Hispanic borrows who couldn’t afford them, which led to default, which led to foreclosures, which led to vacant houses, which brought down the values of the adjacent homes, which led to reduced property taxes, which led to more criminal and social problems, which strained the local services (fire, police, inspectors, debris collectors, etc.).
You see, had the evil banks not insidiously lent to black and Hispanic borrowers who couldn’t pay (at the coercion of government), Miami would not have gangs, drugs, poverty, and urban blight. It would be a utopia.
Another abominable, idiotic decision by John Roberts.
An essay from 1964 that I just became aware of. This shows how inferior a command and control socialist/communist economy is to freedom and free markets. All illustrated by a simple pencil… which isn’t really as simple a product as you might think.
The above is what I meant when writing, “If you can become aware of the miraculousness that I symbolize, you can help save the freedom mankind is so unhappily losing.” For, if one is aware that these know-hows will naturally, yes, automatically, arrange themselves into creative and productive patterns in response to human necessity and demand — that is, in the absence of governmental or any other coercive masterminding — then one will possess an absolutely essential ingredient for freedom: a faith in free people. Freedom is impossible without this faith.
Source: I, Pencil
Bank of America (BAC) CEO Brian Moynihan embraced the digital money movement on Wednesday, saying his firm has “more to gain than anybody” from the booming trend of non-cash transactions.
“We want a cashless society,” Moynihan, who heads up the second largest U.S. bank, told attendees at Fortune’s Brainstorm Finance conference.
Because then we can really start banning conservatives from life. Imagine your credit/debit card declined because you own a gun. Or voted Republican. Or go to a church that still believes in the Bible.
Dworksy cannot state categorically that the practice is occurring more frequently than it did in the past. However, “you can go up and down the aisles” in a supermarket and see it, he said. Indeed. Based on numerous sources, I was able to develop a partial list of products that seem to have shrunk, or whose packages offer less items than they once did. The list includes: cookies (package sizes and in the case of at least one popular brand, the cookies themselves), toilet paper, candy bars, chewing gum and other confectionary products (like Cadbury Eggs), ground pepper, tuna, yogurt, ice cream, orange juice, coffee, bags of tea, sugar, potato chips, toothpaste, deodorant, cake mix, cereal, blocks of cheese, paper towels, napkins, paper plates, crackers, hot dogs, bacon, frozen dinners, heads of lettuce, canned vegetables, frozen vegetables, spaghetti sauce, canned tomatoes, mixed nuts, shaving cream, hair spray, bars of soap, tubs of margarine, detergent, bleach, shampoo, pet food, (some brands of) beer, (some brands of) hard liquor, diet shakes, diet bars, frozen pizza, peanut butter, mayonnaise, Gatorade (in some stores), vitamins, over-the-counter medicines, and even newspapers (page widths have shrunk from 16 inches in the early 1950s to 11 inches in most papers today).
This is inarguable. The ‘official’ inflation rate is far higher than reported. I first recognized this during the Clinton Administration. Clinton changed the ‘basket of goods’ whose prices comprise the Consumer Price Index. He removed staples like food and energy, and added non-essential items like computers. We all know that computer prices are constantly falling.
Sharyl: When we talk about what’s the issue with healthcare today, a lot of people say the issue is getting everybody insured. This was not really the approach that you took.
Bartlett: You’re right. I don’t agree with that. I think the solution is getting the cost affordable and I did not take the approach of “insurance for everyone.” I found a lot of waste just with the insurance part.
She began by comparing charges from two different hospitals for similar knee replacements.
Bartlett: And one came in around $30,000 in the other at $105,000. Huge difference. I just kept asking why, why? Well, the implant was much more expensive. Well, can I see the invoice? Can I see what you paid? No, that’s private. You can’t see that. So I couldn’t get to the information. It was frustrating and I couldn’t get to the answers. And one hospital said, well, we don’t really know our costs.
How do you stay in business if you don’t know your costs? You rely on government mandating everyone have insurance. Note that having health insurance does NOT equal having health care.
The health care system was screwed up during WWII when health insurance became a benefit due to wartime wage and price controls. It was further screwed up by Medicare and Medicaid. These are unconstitutional transfer payments that further inflated health care costs. Health insurance should be treated like any other insurance—automobile, homeowner’s, or life. You purchase what you think you need and can afford from private companies. You do not have a right to health insurance, or even health care.
Source: Montana’s Solution
If we are to look to history for the wrong, let us look to history for the culprits as well. As Deroy Murdock writes in the National Review today, slavery and its associated ills are identifiable with a particular group — Democrats:
. . . As Black History Month draws to a close, it is vital to remember that slavery spread agony across the South under the watchful eyes of Democrats, such as President Andrew Jackson, from the party’s 1828 launch. It was not until 1860’s election of Republican Abraham Lincoln that the final, decisive push toward abolition began. The GOP-led Union Army crushed the Democrat-led Confederacy in 1865. That’s when Lincoln’s Emancipation Proclamation came into full force, as Republicans freed the slaves.
The Republicans’ Radical Reconstruction empowered newly liberated blacks. Overriding the presidential vetoes of Democrat Andrew Johnson, congressional Republicans pressured southern states to ratify the 14th Amendment, guaranteeing blacks equal protection under law. . . .
After detailing the many sins of Democrats as regards blacks, Murdock concludes:
. . . if Democrats want reparations to atone for their nearly 200 years of anti-black sins, they should finance them. From Barbra Streisand to George Clooney to Tom Steyer to George Soros, the Democratic 1 percenters should shove their billions into a huge pile and then show us the money.
“You know, I think it’s really important that we understand that we need to invest in our economy, but we need to invest in our people, and to give away $3 billion to a company that has a history of worker exploitation that’s paying below what the cost of New York City is not acceptable for us.”
Of course, New York wasn’t going to “give” Amazon anything, let alone $3 billion. The $3 billion is an estimate of foregone tax revenues. In other words, money that Amazon won’t pay New York, not money that New York will pay Amazon. This is childishly simple, but apparently too much for AOC:
My guess is that she is a beneficiary of ‘affirmative action’. That’s the only explanation why somebody this ignorant can claim a degree in ECONOMICS!
Source: How Dumb Is Ocasio-Cortez?
In a previous post on Suicidalism, I identified some of the most important of the Soviet Union’s memetic weapons. Here is that list again:
There is no truth, only competing agendas.
All Western (and especially American) claims to moral superiority over Communism/Fascism/Islam are vitiated by the West’s history of racism and colonialism.
There are no objective standards by which we may judge one culture to be better than another. Anyone who claims that there are such standards is an evil oppressor.
The prosperity of the West is built on ruthless exploitation of the Third World; therefore Westerners actually deserve to be impoverished and miserable.
Crime is the fault of society, not the individual criminal. Poor criminals are entitled to what they take. Submitting to criminal predation is more virtuous than resisting it.
The poor are victims. Criminals are victims. And only victims are virtuous. Therefore only the poor and criminals are virtuous. (Rich people can borrow some virtue by identifying with poor people and criminals.)
For a virtuous person, violence and war are never justified. It is always better to be a victim than to fight, or even to defend oneself. But ‘oppressed’ people are allowed to use violence anyway; they are merely reflecting the evil of their oppressors.
When confronted with terror, the only moral course for a Westerner is to apologize for past sins, understand the terrorist’s point of view, and make concessions.
This sounds like today’s Democrats.
Source: Gramscian damage
The second dislocation was that hospital insurance did not provide indemnity coverage, which is when the insurance company pays for a loss and the customer decides how best to deal with it. Rather than indemnification, the insurance company provided service benefits. In other words, it paid the bill for services covered by the policy, whatever the bill was. As a result, there was little incentive for the consumer of medical services to shop around. With someone else paying, patients quickly became relatively indifferent to the cost of medical care.
Mrs Brown teaches at Woodford County High School in Versailles, Kentucky. The average income for a resident of Versailles is $24,652, and the median family income is $41,915. Mrs Brown earns, just from her salary at Woodford County, 2¼ times as much as the average worker in her community, and 31% more than the median family income there. How, I have to ask, is Mrs Brown forced into ‘financial juggling,’ unless she has been living well beyond her husband’s and her means?
I have been saying for decades that teachers are OVERPAID. In my community they are making over $50k/yr when the average annual family income in my community is $19k/yr. Their pay needs to be cut.
This is true of all public employees.
A very interesting article analyzes some of the factors dragging down traditional retail businesses, and the cities and parts of cities that depend on them.
The assistants at many retailers are abysmally ill-informed, often slovenly in their habits (i.e. needing a shower or shave or haircut, or to change their clothes), and frequently not motivated to sell. They appear to be there simply as warm bodies going through the motions. I’ve lost count of the number of times I’ve asked a salesperson about a feature of a product I’m interested in buying, only to find that they know nothing about it, and must consult the manual – something I could easily have done for myself. I’ve even looked up information about it on my smartphone, while they were looking for a supervisor who proved to know as little as they did! If I’m expected to pay a premium for the “benefit” of having trained salespeople to assist me, I want them to be trained, and have the expertise I expect. If they aren’t and/or don’t, why should I waste my time there?
Source: What Ails Main Street
Once you accept the largesse, you have a political investment in continuing it. Your loyalties gradually change.People justify this based on observing how much they are paying into the system. It pillages them with every paycheck, so they might as well get something back. No matter how much welfare they pay in, they can never take enough out to make the bargain work out equally. For most people, this is surely true.
Once you accept the largesse, you have a political investment in continuing it. Your loyalties gradually change. The state becomes your benefactor. Your sense of self reliance is compromised.
Do you see the vicious cycle? You are forced to pay in, so you have no moral resistance about taking out when the time arises. Pretty soon you find yourself part of the Bastiatian calculus: the state becomes the great fiction by which everyone tries to live at everyone else’s expense.
I see this in my aunt who is a staunch conservative in most things but still refuses to realize that Social Security is government theft — robbing others to give to her.
Economic mistakes permeate Welby’s ideas, but they stem from a deeper philosophical omission: Forced actions do not have the same moral value as actions which are freely chosen. It is more valuable for an individual to freely decide to pay for healthcare for someone who cannot afford it than for that same individual to be forced by the government to provide that care.
The United States Constitution was adopted to “…provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty…”. Note it is Liberty, not force, that is to be established. Force is evil and is to be used sparingly.
And now liberals are claiming that the tax on tampons should be lifted since only women pay the tax.
What bullsh*t. My wife never paid the tax. I did. As a bonus, I also paid for the tampons.