In fact, the only real value of Fischer’s pretentious bloviation was that it was a reminder that the financial system of the world is in thrall to a tiny, insuperably arrogant posse of Keynesian academics who have invented from whole cloth a monetary theory of plenary control. They have effectively ended free market capitalism in the financial system and beyond and made democratic fiscal governance essentially irrelevant.
– David Stockman
On July 23 virtually every news outlet in the United States ran some version of the following headline: “Turkey Joins the Fight Against ISIL; Opens Air Base to Coalition Forces; Washington and Ankara Agree to Safe Zone in Syria.” The media, being what it is, dubbed Ankara’s decision to order up airstrikes on Islamic State leader Abu Bakr al-Baghdadi’s forces a “game changer”, which is what journalists say when they have nothing else to say, do not understand a situation and are itching to get back to covering Donald Trump.
– Steven Cook
Cowardice is the main and the worst sin on Earth. Betrayal is a personal form of cowardice… All of your propaganda is working excellently. Most of the Russian population believes what they are saying: Putin is great. There are fascists in Ukraine. Russia is never wrong. There are enemies everywhere… But I also understand that there are people who are smarter—such as you, for instance, here—who support the government. You perfectly well understand that there are no fascists in Ukraine. That Crimea was annexed illegally. That your troops are fighting in Donbas… These are facts that are on the surface… the troubadours of your regime… know everything as it is, but they continue to lie. Just as you continue your work, finding some sort of rationalization within yourself. Probably, they also rationalize to themselves: “We have to feed our children; we have to do something.” But, guys, what is the point of raising another generation of slaves?
– Oleh Sentsov
Those who regard themselves as the custodians of Labour’s electability know whom to blame: Jeremy Corbyn. They regard him as Labour’s id, a morass of self-indulgence who has escaped the control of the superego; the pleasure principle of socialist fantasy, revolting against the reality principle of government. Although one can understand why they feel this way, they are guilty of intellectual dishonesty.
– Bruce Anderson
A suicide-homicide is an act of ultimate rage. People who do these kinds of things feel like they’re the victims. Their acts of suicide and homicide are a way to make a point. Although they don’t live to see the results, they would probably like what they see: Millions of people not only being momentarily horrified, but agreeing with the murderer’s classification of him- or herself as a victim. Whatever the President and the Pope have to say about this, rest assured that the killer — if he were alive to hear — would be happily applauding.
Nor is gay marriage the only issue around which strict orthodoxies are calcifying. Climate change, multiculturalism and feminism are all issues on which there is only one correct view. To be sceptical of the impact of climate change, or to challenge the censoriousness of feminism, is to incur the wrath of the right-thinking. Not that critics of the new orthodoxies are challenged on their views. Rather, they are branded – as deniers, as misogynists, indeed, as bigots. By their labels, they shall be known – and shamed.
– Tim Black
For centuries, people living in Western Civilization have been accumulating capital. They have not simply subsisted, and left the world the same as when they entered it. They have been creating more than they consume, passing on new wealth to their children. The Fed’s falling interest rate has slammed this process into reverse. It has put the entire economy into liquidation mode. It has forced people to consume their capital.
– Keith Weiner
Even so, with eight months of the fiscal year still to go and often large revisions to early borrowing estimates, it is too soon to conclude that the Chancellor is meeting his fiscal plans with room to spare and could therefore reduce the scale of the austerity measures set to hit the economy.
– Samuel Tombs, economist at Capital Economics, quote here.
Listen up you ‘tard, it would be a very good thing indeed if even more ‘austerity’ measures were “set to hit the economy”. ‘Austerity’, as you Keynesian fuckwits like to call the state spending slightly less of other people’s confiscated money, means the money in question gets used in the economy under private economic direction, rather than malinvested by the damn state.
The Royal Society for Public Health is suggesting that unusual, unhealthy or minority pursuits should be criminalised in order to set a good example to others. They want people to be arrested, fined and possibly even imprisoned for being poor role models. In a liberal society, the only appropriate response can be made with two words or two fingers.
– Chris Snowdon
This week, Alastair Campbell said that the current eruption of ‘Corbynmania’ was akin to ‘what happened when Diana died’. Worse still, popular delirium can foster a herd mentality that leads to the persecution of dissenters and opponents. This is especially the case when a movement’s mentality is half-detached from reality. Protecting benefits, ending austerity, raising taxes on the wealthiest, abolishing university tuition fees, reopening coal mines: Corbynomics is basically the equivalent of saying ‘wouldn’t it be great if all this Monopoly money was free?’.
– Patrick West
For extra FSM karma points, also read: The Corbyn audit: how Marxist Jezza would impoverish Britain by Zac Tate
This situation begs a huge question: what is justice for? The idea that people who stand accused of something have the right to have those allegations tested is being fundamentally undermined by this new form of public showtrial. In the past, showtrials were used by authoritarian governments to establish a ‘truth’, which was convenient for their political purposes. Today, the showtrial is used to validate and confirm the experiences of those making accusations. The showtrial has become the most effective way of telling people that their story has been believed by society at large, even when the laws of that country prevent a formal trial from taking place. In a society in which such therapeutic validation has become so central, what value do we accord justice, fairness and objectivity? Principles which have, for centuries, been cornerstones of Western systems of justice are now being done away with.
– Luke Gittos, in an article entitled ‘Cosby: convicted by social-media showtrial‘
The great irony is that, unlike many of today’s champagne socialists and shisha-jihadists my entire life has been a prototype of their archetypal aggrieved Muslim. Unlike the Guardian’s private school, Oxbridge-educated journalist David Shariatmadari, I am a state school-educated Muslim and racial minority. I have been stabbed at by neo-Nazis, falsely arrested at gunpoint by Essex police, expelled from college, divorced, estranged from my child, and tortured in Egyptian prison, and mandatorily profiled. I’ve had my DNA forcibly taken at Heathrow Airport under Schedule 7 Laws, which deprive terror suspects of the right to silence at UK ports of entry and exit, among much else. I’ve been blacklisted from other countries. I am every grievance regressive leftists traditionally harp on. Yet their first-world bourgeois brains seem to malfunction because I refuse to spew theocratic hate, or fit their little “angry Muslim” box. Yet they talk to me about privilege, and non-fat lattes?
– Maajid Nawaz in an absolutely storming article. Highly recommended.