We are developing the social individualist meta-context for the future. From the very serious to the extremely frivolous... lets see what is on the mind of the Samizdata people.
Samizdata, derived from Samizdat /n. - a system of clandestine publication of banned literature in the USSR [Russ.,= self-publishing house]
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“It is true that individual financial institutions made bad decisions. In my opinion, they should have been allowed to go out of business—that would have been the proper way for them to be handled. However, their decisions were secondary to government policy. It should be remembered that the Federal Reserve owns the monetary system in the United States; we do not have a private monetary system. In 1913, our monetary system was nationalized. If you’re having problems in the monetary system—which is where the problems in the economy began—they are, by definition, government problems. This is analogous to interstate highway bridges falling down: If interstate highway bridges were falling down, everyone would recognize that the government owns the highways and conclude that this is a government-caused problem. Well, the government owns the monetary system, and the errors by the Federal Reserve are the foundations of the financial problems we’ve experienced.”
John Allison, former CEO of BB&T, who is that rarity in financial services, a genuine free marketer who knows what the prime cause of the credit disaster has been.
(The quote is taken from an interview of Allison by The Objective Standard, a fine magazine. Most of the articles are behind the subscriber firewall.)
This is a headline in the leftist New Republic magazine, over an article lauding any kind of US government spending, by Jonathan Cohn:
“Wanted: More Fraud, Abuse in Government Spending”
Here’s a paragraph to show just how far down the Keynesian rabbit-hole parts of the pro-stimulus crowd have gone:
“But efficiency isn’t the Recovery Act’s primary purpose. Reviving the economy is. And that’s required spending a vast amount of money very quickly–a goal that, inevitably, is at odds with spending the money carefully. Or, to put it another way, a stimulus that threw a little more money away might have created more jobs.”
So “throwing away” money – which is ultimately not the government’s to “throw away” but belongs, or is claimed, from individual citizens – “creates” jobs, does it? So if the US unemployment rate is stubbornly holding just below 10 per cent – a miserable result – then what is needed is yet even more spending, more money printing. These guys remind me of what was said, not always fairly I might add, of WW1 generals, who, when faced with the failure of their latest mass infantry assaults against the German army in Flanders, were urged for one more push, one more bout of bloodletting and hence on to victory.
Einstein once defined madness, I recall, as the repeating of an error and failing to learn from such errors over, and over again. By that measure, parts of the media and commentariat in the US are out of their conceited, Keynesian minds.
I see that former Velvet Underground drummer Moe Tucker was spotted at a Georgia Tea Party protest, telling a local reporter that she is “furious about the way we are being led towards socialism.” Prefix magazine calls this “depressing” news that will “bring you down” before the weekend, because it’s incumbent upon all musicians – especially those in seminal proto-punk bands like VU – to have roughly the same, boring lefty politics.
– Michael C. Moynihan, linked to and already picked out as a nice little nugget by Instapundit, which is where I saw it. I know, I know, who gives a defecation what ex-music-celebs think? Or for that matter current actors. Well, I like it when they talk sense, if only because the people who talk nonsense get so miserable and angry about it.
A few days ago, I linked to an article that seeks to frame some, if not all, of Obama’s political ideas within a sort of anti-colonial setting. It is fair to say that not everyone is buying it, and this article brutally takes on that thesis. And the writer, Heather MacDonald, is no leftie. At all. She writes for the Secular Right blog, which as its name implies, is a site written by those of a generally conservative bent who are not religious and generally regard the Republican Party’s involvement with the Religious Right as not a Good Thing.
She does not pull her punches. And she has a point, although I still think the anti-colonial angle has some traction. It does, I think, explain things such as Obama’s apparent no very great affection, that I can see, for the UK. Even so, in general my take is that Obama is a hard-left politician who has – at least for a while – bamboozled a lot of people into thinking of him as a centrist. But it is worth pointing out that his Big Government views are not really so odd in a nation once ruled by the likes of Roosevelt, LBJ, and for that matter, Richard Nixon (who brought in wage and price controls, let’s not forget).
Anyway, read the whole piece.
Doctor Zero:
ObamaCare is the most powerful job-killing force unleashed against our economy in decades. It dramatically increases the cost of labor, and applies huge fines against companies that resist its mandates. Companies such as Caterpillar, John Deere, Prudential, and AT&T responded by announcing thousands of layoffs. This is a perfectly rational reaction to a bill that dramatically increases the cost of labor, especially when the legislation keeps mutating and producing expensive new horrors, such as the nationalization of student loans that wiped out thousands of jobs at Sallie Mae.
I sort of get much of that, although I would definitely have to follow the second link to see how ObamaCare is nationalising student loans, and to find out what on earth “Sallie Mae” might be. But, speaking more generally about this huge furore, I have a real problem with ObamaCare. Not in the sense that it is causing me to lay off hundreds of my employees, but in the sense that I am finding the arguments about it very hard to follow. Mountains of verbiage have already been written about ObamaCare and many more will follow. But I am afraid I missed the early bits, where the actual blow-by-blow damage that ObamaCare will unleash (is now unleashing) was itemised, briefly and punchily. Anti-ObamaCare writers tend now merely to allude to the assumed harm of it, rather than yet again itemising it. Much is made by critics of ObamaCare of the immense length and complexity of the relevant legislation, which it seems most US politicians have no more read right through than I have. But what, approximately speaking, does it all say?
I suspect I am not the only Brit who feels this way. Not that long ago, for instance, I heard those comedians on Mock The Week take it in turns to denounce Americans for not welcoming ObamaCare, and I knew they were talking out of their smug and self-satisfied arses (especially that little bald one who is smug self-satisfaction personified, if you don’t happen to agree with something he is saying). Death panels? No. It’s free healthcare for those who can’t now afford it, you obese God-frazzled morons. What could possibly be wrong with that?!? Do you all want to die prematurely of terrible diseases and accidents that the British health service cures immediately at no cost?
But had I been on the panel, trying to resist (in particular) the Smug Dwarf’s relentless leftery, I don’t think I would have done a very good job. Most Brits watching, if my reaction is anything to go by, either agreed that all American opponents of ObamaCare are indeed morons, or that they perhaps have their reasons for not wanting it, but that these reasons will for ever be a mystery, probably involving some Americanised version of God.
So, commenters, please fill me (us) in. Please help us Brits – this particular Brit especially – to wrap our brains around ObamaCare. What, briefly, are those “mandates” that Doctor Zero refers to? How are student loans involved? And what else is being inflicted?
I would like to be able to concoct a further posting entitled something like: “A brief but pretty much complete explanation for confused Brits of why ObamaCare is a really bad idea and why so many Americans are right to hate it”. And maybe, with your help, I will be able to do that.
One particular request. What concerns me is not to dig deeply into any particular harm that ObamaCare is doing. What I seek is completeness, combined with as much brevity as can be contrived. In the event that I do manage that follow-up posting that I can now only dream of, I want an American to be able to wizz through it, and say something like: “Yup, that about covers it. That’s why so many of us hate it. I actually don’t think number three is quite as bad as your short description of it implies, and I think number five is far worse even than you say. But, nothing major is missing from that list. Good job.”
Maybe such a posting already exists, and I need only read it, and link to it.
Or maybe (I’ve just been following the links in the quote above, just to check that they work), my question is wrong. Maybe what I really want is a brief guillotine-blow-by-guillotine-blow guide to the entire Obama legislative “achievement”, of which “ObamaCare” is only a part.
Anyway, whatever help anyone can offer along these approximate lines would be most welcome.
I knew next to nothing about this woman but if the statist right and left attack someone as hard as they have her, I get a strong suspicion I might like her a lot.
Listen to this interview of her on Pajamas TV before the primary which she has handily won. Make up your own mind. She certainly hits the Austrian economics and small government buttons in my soul. Libertarians need to get behind this woman in November. If you are in Delaware, volunteer. You can make a really big difference for a small amount of effort.
The media are going to attack her mercilessly. In no time at all the MSM will be telling us horror stories about the loathsome habits of her pet fish (if she has any). Consider this your inoculation against them.
If I can forgive her for belonging to a clan that warred with one side of my family (the O’Neill’s) centuries ago, so can you!
I just have to add this Firefly clip noted by Glenn Reynold:
An honest leftie? In the American MEDIA? Who’d a thunked it!
Lawrence O’Donnell: Yes. And I’ve been a liberal for so long that I still call myself one. I didn’t change to “progressive.”
THR: But you have referred to yourself as a socialist.
O’Donnell: Yes. A practical European socialist which, as it turns out, we all are, if you know that Social Security … is a socialist program, and that Medicare is a socialist program and that all economies of the world are mixed with some capitalism and some socialism and they just vary in their degrees.
THR: So you have no objection when conservatives call President Obama a socialist?
O’Donnell: No. But if they’re honest about it, they would call themselves socialist, too. Newt Gingrich preserved the socialist state. He never once introduced a bill to repeal Medicare.
THR: Would you object if a Republican introduced such a bill?
O’Donnell: No, because I think it’s an honest position. I hope Rand Paul does if he becomes a senator. There are people who honestly hold themselves in opposition to socialism. But there isn’t a single one in the U.S. Congress who does.
True enough.
Glenn Reynolds of Instapundit does not lose his temper, or at least not much. He favours a fairly dry, laconic style. So dry, in fact, that the duller sorts can miss it. So when he does come out with something unusually sharp, I tend to sit up and take particular notice.
“Ah, but remember when you now-disappointed Obama supporters were lecturing us about the fierce moral urgency of change? With such overweening self-righteousness? Even as you resolutely failed to look at what was going on, or to inquire into what Obama was actually like? So pardon me, now-disappointed Obama voters, if I point out that you’re rubes.”
By the way, does anyone bother to read Andrew Sullivan these days?
Update: I see that Matt Welch, at Reason’s Hit & Run blog, has become unusually sharp about Sullivan these days. The latter’s blind devotion to TARP and the rest is driving even some people who are generally nice to Sully increasingly to distraction.
“Colonialism today is a dead issue. No one cares about it except the man in the White House. He is the last anticolonial. Emerging market economies such as China, India, Chile and Indonesia have solved the problem of backwardness; they are exploiting their labor advantage and growing much faster than the U.S. If America is going to remain on top, we have to compete in an increasingly tough environment. But instead of readying us for the challenge, our President is trapped in his father’s time machine. Incredibly, the U.S. is being ruled according to the dreams of a Luo tribesman of the 1950s. This philandering, inebriated African socialist, who raged against the world for denying him the realization of his anticolonial ambitions, is now setting the nation’s agenda through the reincarnation of his dreams in his son. The son makes it happen, but he candidly admits he is only living out his father’s dream. The invisible father provides the inspiration, and the son dutifully gets the job done. America today is governed by a ghost.”
– Dinesh D’Souza.
Those mid-term elections in November should be interesting.
I’ve known about the Kochs, and about their legendary wealth and about their massive support with some of it for the US libertarian movement, ever since I first became a part of the London libertarian scene in the late 1970s. (Although, I’m still not sure how they are pronounced. Cock? Coke? Kotch? (Coach?)) So the idea that their support for libertarianism is now or ever was some kind of covert operation, rather than just rich people spending their own money trying to do and spread goodness as they saw it, is, to me, utterly ridiculous. One of the Kochs even ran for vice-President, I am reminded here. Was that secret too?
Well, I guess it sort of was. What happens is that you spend two or three decades generally stamping and shouting and raising all kinds of heaven and hell, saying that every bit of sex and drugs and rock and roll and free marketeering that you can think of should be legalised, and they ignore you. Finally you start making some rather big waves, in some way that doesn’t involve them helping in any way, even by them deigning to denounce you, and they then call you “covert”. It wasn’t even that they couldn’t get you on the phone despite trying, twice. No. You couldn’t get them on the phone, ever.
Personally I think it’s a very good sign that they are now attacking libertarianism, pro-capitalism etc., by pointing out that there are these rich capitalists who are in favour of it. This tells me that they feel they are running out of actual arguments. It also tells me that they don’t think that them drawing attention to the libertarian movement, by banging on about how these evil capitalists support it like this, can draw much more attention to this movement than we are now contriving for ourselves. In short, we are now up and running as a force in the real world beyond that of mere ideological intercourse among consenting ideologists, and they know it.
A pretty fair summary of what the Tea Party movement means for current US politics and the races leading up to the mid-term elections. For non-US readers who are unfamiliar with all this, the article is not a bad introduction. At least the Reuters report does not write it off as full of racist nutballs or religious bigots, and actually focuses on the anti-tax, anti-spending viewpoint of the Tea Partiers.
I think that in the light of the recent controversy about the place possibly known as the Cordoba Center near Ground Zero, the real cause for annoyance on the part of any New Yorker, surely, is why it has taken so long to get going with any serious construction down there. This Wikipedia entry on the Empire State Building, for example, suggests that the building in Midtown was erected in a space of only a few years. That was in the early 1930s – what was so radically different then?
I suspect that if we already had an impressive and dignified piece of architecture in the southern tip of Manhattan, the row about what happens to nearby buildings would not have erupted so much. It seems that planning and political issues are at stake here – after all, places such as Dubai and various parts of Asia put up skyscrapers with great speed these days.
Or maybe the intention all along is that Ground Zero should remain a flat, empty space of land, purely in the form of a place for remembrance.
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Who Are We? The Samizdata people are a bunch of sinister and heavily armed globalist illuminati who seek to infect the entire world with the values of personal liberty and several property. Amongst our many crimes is a sense of humour and the intermittent use of British spelling.
We are also a varied group made up of social individualists, classical liberals, whigs, libertarians, extropians, futurists, ‘Porcupines’, Karl Popper fetishists, recovering neo-conservatives, crazed Ayn Rand worshipers, over-caffeinated Virginia Postrel devotees, witty Frédéric Bastiat wannabes, cypherpunks, minarchists, kritarchists and wild-eyed anarcho-capitalists from Britain, North America, Australia and Europe.
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