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]

Samizdata quote of the day

These are the facts. George W Bush left behind a set of books that were not so much unbalanced as vertiginous. At the end of 2008, US debt was $9.9 trillion, or 69.7 per cent of GDP, and the ballooning deficit was $683 billion. Since then, all the key indicators have worsened markedly. By the end of this year, gross debt is forecast to reach $16.3 trillion (the number to which Letterman was alluding), more than 100 per cent of GDP, or a rise of two thirds under Obama. The annual deficit is close to $1.5 trillion, 10 per cent of GDP. Worse still, according to official forecasts, US debt is on course to hit $20 trillion by 2016.

Jeff Randall

Samizdata quote of the day

Together with other central banks, the ECB is flooding the market, posing the question not only about how the ECB will get its money back, but also how the excess liquidity created can be absorbed globally. It can’t be solved by pressing a button. If the global economy stabilises, the potential for inflation has grown enormously

Jürgen Stark

Alternative samizdata quote of the day

“I would like to die on Mars… Just not on impact.

– Elon Musk

Samizdata quote of the day

As a young and naive man, I “knew” what was right and voted accordingly. As I grew older and more sophisticated, I discovered such things as tactical voting and a perceived duty to support the election of the least-worst option with the best chance of victory, regardless of how slim the differences might be.

Now, middle-aged and faced with the consequences of those decades of “enlightened pragmatism”, I once again find myself voting my conscience, while turning a deaf ear to the blandishments of the machine. I have a vague notion that this sounds like some Buddhist proverb, or something.

– Samizdata commenter ‘the other rob’, who seems to be on a roll lately.

Samizdata quote of the day

Romney is no Thatcher – in truth, he’s far from it. It made sense for the unemployed back then to vote Thatcher because she offered an alternative to the headlong rush to destruction. Sadly, Romney may be correct – what sense would it make for today’s unemployed to vote for a marginally slower slide into the abyss?

– Samizdata commenter ‘the other rob’

Samizdata quote of the day

“After all these years of endlessly repeating the same tired tropes on the New York Times op-ed page, taking Maureen Dowd’s columns seriously requires a suspension of disbelief that is normally only needed to watch science fiction.”

Jonathan Tobin

Samizdata quote of the day

And I have to say it’s a little unseemly for our government to officially take a position on a YouTube video, even one that sparked an international crisis. It’s even more unseemly that our government is taking the same position on that film as the people who just killed our ambassador in Benghazi.

– the indispensable Michael Totten

Samizdata quote of the day

Did you hear what John Major had to say yesterday? “The ‘green shoots‘ of economic recovery are on the way as ‘darkest moment’ passed” Oh my God, I guess we are closer to the brink than I thought.

– Perry de Havilland over a glass with some Samizdatistas.

Samizdata quote of the day

This whole idea of ‘respect’ – which is a code-word for ‘fear’ – is something we have to get away from.

– Salman Rushdie (interviewed on BBC Radio 4). Indeed. And not just in where the bullying religiose are concerned. Tolerance should not mean pretending to agree.

The US elections and the Middle East

First of all, I think it is fair to say that no-one who wants to be taken seriously should use the words “Arab Spring” without heavy irony.

The fact is that the First Amendment, no matter how embattled, protects a range of expression unthinkable even in Western Europe. Because of that unique position, and because the U.S. seems doomed to play an outsized diplomatic and military role in the tumultuous Muslim world, it behooves the State Department to constantly explain the vast differences between state-sanctioned and legally protected speech in the so-called Land of the Free. If the U.S. government really was in the business of “firmly reject[ing]” private free-speech acts that “hurt the religious beliefs of others” there would be no time left over for doing anything else.

Matt Welch, stating what is alas not obvious to officials at the US State Department.

Meanwhile, I note – as have others – that the killing of the US ambassador in Libya only made it on page 4 of the New York Times. All the news that’s fit, to, er, print. Okay, I understand the limitations of print journalism, but something tells me that a journalist and editors goofed. A US ambassador got murdered, FFS.

The US elections got a lot more interesting, alas, for horrible reasons. The ghost of Jimmy Carter hangs over it.

Some wise comments, I think, from Walter Russell Mead. He is even-handed in how he regards the options for Obama and his opponent:

The order and competence dimension of a presidential election should not be underestimated. Voters generally don’t want presidents who drive the U.S. government like it was a Ferrari. They want a comfortable, safe ride; their kids are in the back seat of the car. Yesterday’s events damage President Obama because they call into question the story the campaign wants to tell—that President Obama is a calm and laid-back, though ultimately decisive person who brings order to a dangerous world and can be trusted with the car keys. But if Republicans respond by looking wild eyed and excitable (remember John McCain’s response to the financial crisis in 2008?), bad times will actually rally people to stick with the devil they know.

And this:

Yesterday rocked President Obama’s world and gave Governor Romney’s campaign some new openings. But one day in a long campaign is just one day. We still don’t know how these events will reverberate across the Middle East or how the U.S. response will develop. In some ways, trouble overseas distracts attention from the White House’s current domestic problems—the Woodward book and the Chicago strike. And the President can thank his stars that the German Constitutional Court decided not to plunge the world economy into crisis this morning and allowed the German government to complete the ratification of the most recent European bailout agreements.

As he says, we are living through a period where there is a lot of what finance geeks and others call “event risk”. There is a lot of it about.

I am off to Turkey tomorrow. Gulp.

Samizdata quote of the day

It says here “Egyptian protesters condemned what they said was the humiliation of the Prophet of Islam under the pretext of freedom of speech”… Pretext? I don’t think that word means what they think it does, unless it lost something in translation.

– from a conversation overheard between two people in a cafe in London, reading the news on their iThingies.

Samizdata quote of the day

What a fabulously confident and ingenuous-seeming political narcissist Ms. Fluke is. She really does think—and her party apparently thinks—that in a spending crisis with trillions in debt and many in need, in a nation in existential doubt as to its standing and purpose, in a time when parents struggle to buy the good sneakers for the kids so they’re not embarrassed at school . . . that in that nation the great issue of the day, and the appropriate focus of our concern, is making other people pay for her birth-control pills. That’s not a stand, it’s a non sequitur. She is not, as Rush Limbaugh oafishly, bullyingly said, a slut. She is a ninny, a narcissist and a fool.

Peggy Noonan.

My own prediction: Obama’s finished.