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]

Counter debate: the bailout boondoggle

The first portion of Reason’s Counter Debate is now available. I quite enjoyed listening to Bob Barr pointing out the economic nonsense of the two ‘major’ party candidates.

My impression from the debate is I agree with Bob Barr on his economics and McCain on the war that is coming to an end. It is, however, economics which look to be the big worry right now. It is a shame Bob Barr was not invited. He would have injected a little bit of capitalist free-market sense into the event.

Bailout boondoggle news

I have heard a bit of backchannel news from the network infrastructure guys in North America. It appears that the text of the Bailout giveaway went up and the government server got hit by the Slashdot effect. It became unreachable due to the huge volume of traffic caused by people attempting to get their hands on the Reid-Pelosi financial free for all bill. From what I have heard, this is not just pork… it is the whole damn pig sty.

Join our debate and skip the ‘fixed’ one

Bob Barr will be at Reason’s office in DC tonight at 20:00 Eastern Time. You can watch here for a link that will allow you to join the event. If you are in DC, you might want to plan on dropping in for the live event.

The time at the Barr website says 9pm EST for the Counter-Debate now, which is 2100.

When the state screws with the market

I went in search of funny quotes, like the one at the start of this posting, but instead found mostly sensible ones, like this (via here):

The fact that insurance companies refused to insure property located on storm-wracked coasts is not an instance of market failure. A market failure supposedly occurs when the price of goods and services do not reflect the true costs of producing and consuming those goods and services. That’s clearly not what happened here. The market is practically shouting at people, “Don’t build something you can’t afford to lose where hurricanes periodically crash ashore.”

Instead the state “insurance” scheme is an example of government failure which occurs when a government intervention causes a more inefficient allocation of goods and resources than would occur without that intervention. In this case, it’s the government that’s telling people that it’s OK to build in dangerous areas and then not charging them enough for the “insurance.”

And this (via here):

The CRA …

That’s Community Reinvestment Act.

… forces banks to make loans in poor communities, loans that banks may otherwise reject as financially unsound. Under the CRA, banks must convince a set of bureaucracies that they are not engaging in discrimination, a charge that the act encourages any CRA-recognized community group to bring forward. Otherwise, any merger or expansion the banks attempt will likely be denied. But what counts as discrimination?

According to one enforcement agency, “discrimination exists when a lender’s underwriting policies contain arbitrary or outdated criteria that effectively disqualify many urban or lower-income minority applicants.” Note that these “arbitrary or outdated criteria” include most of the essentials of responsible lending: income level, income verification, credit history and savings history – the very factors lenders are now being criticized for ignoring.

And this (via here):

If we really wanted advance warning (and a chance to mitigate) the next financial crisis, we wouldn’t be banning short-selling; we’d be legalizing insider trading.

Now there’s a thought. All those quotes are from Americans, about America. But it is at least as bad here. Today, on my wanderings in London, I came across a headline in a free newspaper that went Darling declares war on City’s risk culture.

DarlingCityRiskCultureS.jpg

What new horrors of intervention will be inflicted upon the British economy by this dying government of ours, in its dying months, as they forget about the country as a whole and concentrate on trying to keep the loyalty of their core vote?

Rumors on the netvine

I have been hearing that Sarah Palin was hacked and her private email put up on wikileaks. In addition some folk say they can not reach wikileaks and the FBI had shut it down as part of an investigation. Others say it is temporarily unreachable simply because so many people are trying to download. This has apparently been under discussion on SlashDot.

I am just in the door from lunch and that is the entirety of what I know that is not from the tinhat brigade. I have checked none of it and am unlikely to do so as I am expecting a call from New York any minute about some engineering work.

If the FBI is in the picture, I hope the crackers behind it get sent up river for a long time… and that they enjoy man-love from Islamic extremist prisoners.

I would say the same if they hacked Joe Biden’s mail box: “T’ain’t no diff’r’nce to me.” A crime is still a crime.

Tit for tat

Our suit has been filed in Texas.

You may remember my earlier article about this: both the Republicans and the Democrats missed the legal filing deadline in Texas. Unlike their suit against us in Pennsylvania, this is not a simple nuisance suit. There appears to be a clear legal issue.

The ruling parties have long gotten away with a one-sided set of ballot access laws. Laws are enforced against us but under the same circumstances they get a wink and a nudge and a pass.

Times change.

Republican challenge to democracy fails in Pennsylvania

I just found out about this good news in Pennsylvania:

The lawsuit, filed by a Republican Party official in Cumberland County, PA, sought to remove Barr’s name from the ballot—contrary to promises made by John McCain during his first bid for the presidency after then Texas Governor George Bush tried to have McCain blocked from the New York primary ballot. “I would never consider, ever consider,” McCain said during his 2000 campaign, “allowing a supporter of mine to challenge [an opponent’s] right to be on the ballot in all 50 states.”

McCain went on to call such tactics, “Stalinist politics.”

“We’re happy that the Pennsylvania courts recognized the absurd nature of the Republican’s lawsuit,” says Russell Verney, Barr’s campaign manager. “It was very hypocritical of McCain to allow one of his agents to try to block a legitimate candidate like Congressman Bob Barr from the ballot. Fortunately, these hypocritical tactics of McCain’s agents failed.”

The court ruled that the Libertarian Party and the Libertarian Party of Pennsylvania “simply took reasonable action to abide by the Election Code while furthering its legitimate interest.”

This is particularly heartening to me as I vote absentee in Pennsylvania.

A disgrace to the honest profession of whore

I had long intended to write a post on the issues thrown up by the Max Mosley case. Basically I was going to ask the readers of the post to help me come up with a principled justification for thinking what I do think, namely that the News of the World did not have the right to sneak a camera into Mosley’s commercial sex session and yet the New York Times did have the right to expose Elliot Spitzer’s commercial sex session. “Private citizen versus politician” looked like it was giving me the answer I wanted, but the post kept off veering into the issue of the implied contract of confidentiality between prostitute and client. As it happens, Spitzer was not betrayed by his prostitute but what if he had been?

I strongly disapprove of adultery. I disapprove, though much less strongly, of fornication. (I confess that I take a certain transgressive pleasure in writing that last sentence on Samizdata.) I strongly approve of people having the political right to commit adultery and fornicate, including the right to employ prostitutes or be a prostitute. Did I really want an outcome whereby a person became fair game for being spied upon and betrayed simply because he was a politician?

Then along came this Jill Greenberg thing and made me want, no burn, to write an almost completely different post. Shame to waste a good title, though.

→ Continue reading: A disgrace to the honest profession of whore

A conjecture concerning the secret racism effect

Here is a small conjecture concerning the claim that secret racism may be causing US pollsters to overestimate Barack Obama’s true support, which I have most recently been reading about in this article.

Party elders also believe the Obama camp is in denial about warnings from Democratic pollsters that his true standing is four to six points lower than that in published polls because of hidden racism from voters – something that would put him a long way behind Mr McCain.

Maybe the concealment is real, and maybe some of what is being concealed is indeed racism, but maybe some of it is something else. What if a lot of people secretly oppose Obama being the President for good non-racist reasons, but fear of getting involved in arguments which will involve them being accused of racism, even just thought to be racists, by annoying pollsters? Although not Obama supporters, such people just say “I will vote Obama” to avoid even the hint of such unpleasantness. They will not be voting Obama, because they think he is a vacuous windbag, from Chicago, too thin, dodgy on Iraq, or because they don’t care for Biden, whatever. They will be voting for McCain for similarly varied reasons, other than McCain’s mere whiteness. But they fear that the pollsters they are talking to might suspect otherwise, and who needs that grief?

For that to make sense, it is necessary to believe that people care what stupid strangers think of them. But surely, at least some do. I certainly care, a bit, what people whom I hardly rate at all think of me. I don’t like being cursed for my lack of generosity by drunkards in the street, or shouted at by people who are clearly rather unstable, or denounced for bumping into someone by someone who actually bumped into me. I don’t like it when a mere fleeting expression on the face of such a person even suggests such critical thoughts on their part.

None of this matters to me very much. Such slights are very quickly forgotten But then again, nor would lying about my true voting intentions to some annoying pollster in what is, after all, supposed to be a secret ballot.

Remember that merely replying that “most people” would never think like this is no answer, although a sadly frequent error when all that is being surmised is that a few people might be persuaded to act differently by an oddity in their environment, although not a majority, and certainly not everybody. This is a surmised marginal effect, influencing a few but ignored by most, like a small change in the price of a chocolate bar. To dismiss what I am suggesting, you would have to believe either that nobody thinks thus, or that there are other concerns – what concerns? – that might cancel out such tendencies.

Just a thought. No link, because I have not seen anyone else say such a thing, although I’m sure plenty have. If not, I am sure that some have thought this.

More US election speculations from me here, which has links to more. I am flattered that the mighty Guido Fawkes thought this piece worth linking to in his Seen Elsewhere section, although blink and you would miss that, because Guido sees a lot.

UDATED UPDATE Sunday evening. The link chaos of the final paragraph is now all corrected. Posting errors by me have been cleaned up and my own blog is now back in business. Apologies for all the confusion, and apologies also for spelling apologies wrongly in the previous version of this update.

Political trivia quiz

What women, if any, have been part of a US Presidential team garnering a least one vote in the Electoral College?

Tony Suruda got it: It was the LP ticket of John Hospers and Toni Nathan in 1972. She took one electoral vote, making her (as far as we know) the first woman to ever do so.

Ed King has added the second: The Democrat’s ticket of Walter Mondale and Geraldine Ferraro in 1984 with 13 electoral votes. They came from Minnesota and DC.

Now some more LP triivia: What state was the vote from?

Sam Duncan got it. It was indeed Virginia.

Now, What was the back story behind the vote? (I will admit that even my memory is a bit hazy on the details).

For extra credit, since I do not know the answer: Are we correct that she was the first? This is perhaps more a James Taranto type question since he is an expert on US Presidential elections.

An offer to Dr. Paul is on the table

Bob Barr and Wayne Allen Root have offered the LP Vice-Presidential slot to Ron Paul.

The question is: “Will he take it?”

If I were a betting man, I’d give it 1 in 4, but the very thought of bringing all those Paul supporters over to our side is enough to set a Libertarian’s heart a flutter!

Bennett on Palin

Last night I was on my weekly international phone call to my ‘boss’ to discuss progress on various agreements, proposals and such of our small Wyoming aerospace company. Before signing off we got into a discussion on Sarah Palin’s background and future prospects. Jim suggested I read his article in the Telegraph. I might add we both agree that ‘win.lose or draw’, she is now a force to be reckoned with in the GOP and will probably make her own Presidential run in the next decade.

I expect many of you will find it of interest also.