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NeoNote — Practical economics

Beer, cheese, and bread.

These things were discovered hundreds, perhaps thousands of years ago. We don't know exactly when. What we do know is that chemistry and science in general originated because someone wanted to make beer, cheese, and bread better.

Money, measurement and accounting in general started because someone tried to figure out how many goats their grain harvest was worth.

That doesn't even count fundamentals like fire or the wheel which are still basics of our science and technology today.

Science and technology use what works. When we find something that works better, we modify our science and technology.

And yes, economics in it's pure form is a science. The problem comes when we try to use economics to do things that it can't do well. Most of this is directly traceable to government interference in the exchange.

Economics describes the flow of value. We know how value moves as long as it isn't diverted. Rather than top-down "managing the system" and diverting (and diminishing value), I'd rather see new ideas in products and services. I'd rather see incremental improvements in technology than a clumsy effort to shift money by government edict. I'd rather see lower prices than tariffs protecting the "balance of payments."



No, the correct phrase is that when we find something that works better, we modify our science and technology. Sometimes it's an improvement, sometimes it is a dead end. Modify is appropriate, not improvement.

Your point is wrong. The poor are getting richer, in cash, opportunities, and in available goods (at a lower cost). Cell phones are dirt cheap. Grocery stores have a better selection and sell for lower relative prices.

There is a disparity between the rate of wealth growth of the rich and poor, but the majority of people are better off. But since that doesn't cost the poor, that's hardly a problem.

Are there problems with unemployment and low paying jobs? Yes, but it's not government's job to fix that. We know that when government tries to set prices or wages, things get worse.

You want specifics, then I will give you specifics. Cut taxes so that the combined (Federal, state, local) tax on anything is no more than ten percent. Do away with the income tax and it's reporting requirements. Prevent government from spending more than it takes in, possibly by punishing the legislators. I can give you hundreds more, but all of it is unimportant until taxes get cut way back AND government spends within it's means and no more.

If I say things that are correct and they don't fit your "mental image of the world," maybe that image isn't all that clear.



For American history, I usually work from about 1750 CE on. For Western civilization in general, I usually work from the age of Charlemagne or the Roman republic

Now, what you are talking about is the 20th Century. That just happens to be the century of American central banking, command economy, war as an industry, active intervention in the internal affairs of other nations, massive corporations mostly unbound by local laws, and the birth of "globalism." I put "globalism" in quotes because our "elites" don't mean opening up the world to trade and cultural exchange, they mean control. Specifically deciding what is and is not allowed under what circumstances.

I group these things together because they are closely and intimately related. These are also things that you are not supposed to pay attention to, indeed most of the media constantly tries to distract people from these things. It's just taken for granted that government is supposed to handle those things and we mere citizens aren't supposed to worry.

We're conditioned from birth to accept that government is the first, last, and best solution.

Plot the events and trend lines for yourself. Increase any of these six items and the impact falls mostly on the middle class and then the poor. These changes don't affect the rich as much as those trying to become rich. Changing your financial circumstances becomes harder. Indeed, a society that puts those six factors first "locks out changes," it resists any disruption from within the system. Usually the only change that can happen starts externally. For the elites, this is not a flaw, this is deliberate design.

So when I say that government is not your friend and when the solution to almost all widespread economic problems is to get government out of the picture, it's because I know what it has done.

The truly scary part is "helping the little guy" relies on more government intervention and control. Even though that is what hurt the them to begin with. Let's fix government… with more government!

The problem for the elites is that the economy can't be controlled, not even mostly. Remember when I said that economics was about the flow of value? It's like piping water in a swamp. Yes, you can clean it up the water and direct it where you want, but there is still a lot of water flowing around. The more water, the more it seeps and looks for lower ground. You can only" fix" that by draining all the water and taking away what used to be widely available.

Now let's change that phrasing that a bit.

Yes, you can clean it up the value and direct it where you want, but there is still a lot of value flowing around. The more value, the more it seeps and looks for lower ground. You can only" fix" that by draining all the value and taking away what used to be widely available.

That's a whole new different perspective. Economic activity and free markets create more value. The flow of value and value in the wrong hands threatens the central systems and the elites. As the elites see it, their best interests are served by controlling value and directing it where they see problems. They want their choice to supersede the choices of others, particularly the unwashed masses who don't know when something is being done for the Greater Good.

Build a system insulated from the free market that "controls" value and it will always serve the elites at the expense of everyone else. Manipulate the system, tinker with it, and the elites always come out ahead.



“When has an economist ever been right about anything?!”

Hernando de Soto. The Other Path: The Economic Answer to Terrorism. Almost any of the Chicago school of economics. But the politicos don't like a free market approach because it reduces their power and their ability to pick "winners" and "losers" in a national economy. Of course when things go wrong, that doesn't stop the politicos and pundits from blaming economics in general and the Chicago school specifically. Even if the politicos and technocrats did the exact opposite of what Chicago school of economics experts told them they needed to do.



Meteorology measures and predicts the weather within limits. No one expects meteorology to control the weather. Even in a massive internal environment like a skyscraper, no one uses the tools and techniques to of meteorology to control the "weather" except in the most basic ways. Meteorology is about understanding the weather, not controlling it.

Any meteorologist who told you that he could control the weather is either a fool or a con man.

Likewise, any meteorologist who claimed he could predict the wind by measuring the humidity isn't using the right tools.



The Other Path tells that story. de Soto was part of the international economics team brought in to advise to Chilean government how to grow their economy and how to deal with The Shining Path's promises. It's one of the best examples of practical economics and the Chicago school specifically.



A word of advice. Never argue practical economics with a small "L" libertarian.



A good economist isn't going to promise he can control the flow of value. What he can do is tell you that diverting value reduces value.

Value isn't something that can be generated by political dictate. You have to provide something that people want. Free market competition means that over time, goods and services become better, cheaper, and more widely distributed, even as the overall value flow increases. It's all based on choice without coercion. Voluntary exchanges between consenting adults.

When you get people who don't like the choices others make and see the coercive power of government as a way to change or stop those choices, that's when things get complicated. We effectively outlaw cannabis and cocaine, but nicotine and alcohol are only regulated. Sex is okay in marriage, but not as a commercial transaction. You can make a statue of a bare breasted Liberty leading the charge, but most American beaches require covered breasts.

The economic choices allowed by government to most American citizens are meant to control them, not to free them.
NeoNotes are the selected comments that I made on other boards, in email, or in response to articles where I could not respond directly.

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“Media Hype Questionable Gun Control Study”

“Dozens of news outlets reported that America has the most mass shooters in the world. Many say that shows America needs more gun control.”

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Thursday super roundup

Headlines that don't merit their own entry

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Friday roundup

Headlines that don't merit their own entry

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Supersized Monday roundup

In Democratic circles, anti-Semitism is becoming normal



The ACLU Condemns DeVos's Title IX Reforms, Says These Due Process Safeguards 'Inappropriately Favor the Accused'

“So much for civil liberties.”

Household debt hit a record high of $13.5 trillion last quarter



A Warm-Up For 2020: Arizona’s Maricopa County Just Stole The Senate Election

I'm not sure about the allegations, but I'm watching closely.

GOP Audits Elections Office In County That Swung To Democrats



Hanging On: Republican Congresswoman Mia Love Is Now Favored To Prevail In Tight Re-Election Bid



Stacey Abrams Acknowledges Loss In Georgia Governor's Race



Is an ‘Internet of Ears’ the next big thing for smart homes?



SAF, NRA File Federal Lawsuit Challenging Initiative 1639



Kansas City Health Department pours bleach on food meant for homeless people



Debra Messing Joins Alyssa Milano, Condemns Anti-Semitic Women's March Leaders



Gridlocked, in Fair Weather and Foul

“New Yorkers demand that the mayor clear the roads—but only in snowstorms.”

Bubble Trouble: Seattle-Bellevue Metro Housing Market Goes South



Democrats’ Way Back: Is the Resistance rooted in reality?



Identity Politics and American anti-Semitism



Brenda Snipes submits resignation as Broward elections supervisor



Hell Hath No Fury Like a Liberal Scorned: The Media Turns on Facebook and Google



Trump backs sentencing reform bill he says will give ex-inmates 'a second chance at life'



The Institutionalization of Social Justice



There's a Good Reason Many Women Make Less Than Men



Loggers support Trump's claim that wildfires caused by 'poor forest management'



Global warming alarmists pissed off by Canadian gov’t report that nukes their narrative about polar bears



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Thursday roundup

Headlines that don't merit their own entry

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Friday roundup

Headlines that don't merit their own entry


Study: 80% of Americans Believe Political Correctness Is a Problem



Trump's Trade War Isn't Working Because Tariffs Hurt Americans



The $15 Minimum Wage Is Turning Hard Workers Into Black Market Lawbreakers: New at Reason



Rand Paul Reveals Media Hid Key Detail About GOP Baseball Attacker



Obama had secret plan to validate Clinton victory if Trump didn't accept it: report


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Suppressed

See, here's the thing - if you're on national media screaming about how you're being suppressed, you not only are not being suppressed, but are a freakin' idiot.
     — Steve Skubinna, from the comments on Trump Derangement Syndrome

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Divide & Conquer

What this illustrates is that racism in this country is dying, but the media appears to be fervently attempting to keep it alive.
     — Matt Agorist, Divide & Conquer on Full Display as Media Devotes Days of Attention to 20 White Nationalists in DC

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Modest talents so richly rewarded

There are few modest talents so richly rewarded — especially in politics and the media — as the ability to portray parasites as victims, and portray demands for preferential treatment as struggles for equal rights.
     — Thomas Sowell
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“Control the Words, Control the Culture”

When government is "responsible" for something, regular people stop paying attention.

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Media

Media has every right to exist.

Media does not have the right to be trusted.
     — NeoWayland
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Thursday roundup

Headlines that don't merit their own entry

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Tuesday roundup

Headlines that don't merit their own entry

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☆ Circus of hate

One last piece about the Charlottesville circus. Then on to other things, I promise.

When I first read about Charlottesville, the first thing that flashed in my head was an image of an ex-military type grabbing an antifa and a neo-Nazi by the necks and shaking. There should be an adult right there disciplining the misbehaving children. Except we were told that the antifa were fighting the good fight. We kept hearing about how terrible the neo-Nazis were and how they should be forcibly removed. We didn't hear about how bad the antifa were. And when some of us pointed out that antifa also attacked people, well, that rated an attack right there. “False equivalence!” we heard. Nazi ideas were so very much worse than anything antifa said.

Apparently no one could possibly oppose the neo-Nazi violence and the antifa violence at the same time. If you did criticize the antifa, you were lumped in with the Nazis. Not because of what you said or did, but because you didn't support the struggle against the forces of racism and fascism and marginalization. The antifa were brave despite the institutionalized oppression they dared to fight in the name of victimized people everywhere.

Except the antifa have heavy political support. Some of their funding comes from Soros organizations. Some politicos look the other way when it comes to illegal antifa activities.

Charlottesville specifically looked like a setup. The antifa heavily outnumbered the neo-Nazis. The governor and the mayor didn't seem interested in keeping the peace. Police weren't acting like police. Some officers even said they were ordered to stand down.

It was a Roman circus, a spectacle to distract the crowds. The neo-Nazis looked scary, but the noble antifa would soon dispatch them. Once again the heroic forces of good would triumph over the unenlightened. Blood would flow into the sands.

Yep, it was almost as if it were scripted. A myth for the ages.

Grand spectacle.

For your amusement.

With clearly defined winners and losers.

Morality would win, even if it meant breaking the law in the name of the greater good.

Nahh, I thought. You're imagining things. Even you couldn't be that paranoid and cynical. That would require a level of political manipulation unheard of since…

Since the last presidential election. Since the ongoing media campaign against Donald Trump. Since the astroturf effort to convince Congress that campaign finance was a grassroots demand for change. Since the climate change alarmists. Since the introduction of gender fluidity in public school curriculum.

Well, blistering blue blazes.

I had bought into it. While I had focused on saying that violent protest was unacceptable, the media had established the new Utterly Despicable Villains in American myth.

And if you dared hesitate too long before denouncing the Utterly Despicable Villains and all they stood for, well then, you lost your Moral Authority™ to speak at all.

And like a fool, I walked into it with my eyes wide open.

I had been had.

I'm sure there was no central office planning it. Just a bunch of like-minded opportunists who saw a chance to prove that the American Dream was fatally flawed. That the song of freedom draws on an Unpardonable Sin that persisted to this very day! That the American flag was eternally stained with the blood of the oppressed. There could be no hope in liberty. It was all a lie.

Something stinks.

We still have time to fix this. We can't let this deceit become the prevailing myth.

America still does have a Dream. We can make a better World for ourselves and our children. Sure, we'll make mistakes, but we'll fix them. Nothing is carved in stone except the promise of a better tomorrow if we try hard enough. Our sins and our mistakes are our own. Recognizing those mistakes, fixing those mistakes, learning from those mistakes, that's the foundation we need. We're not locked into the sins of our fathers. Blame does not lead to the future.

Hope and liberty do. Take yours, if you dare.
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NeoNotes — internet tactics

I pointed out before that dismissing arguments unheard and without even a cursory search to see if there is any validity just makes you look foolish and uninformed.

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Monday roundup

House Advances Bill That Would Expand the DEA's Power to Make Legal Highs Illegal

Government can't keep up with regulating new products, so you have to loose freedom.


How Trump Can Avoid Impeachment: Order NSA to Declassify All Intel On Democratic Email Leaks

This is a Really REALLY good idea!


Why Middle America Doesn't Care About The Trump Jr. Narrative: Reuters Explains

Maybe the mainstream media should pay attention to what their audience wants


Tens of Thousands of Muslims Gather to Denounce Islamist Terror – Mainstream Media Ignores It

This is important. The Islamists will never be defeated until most Muslims decide to defeat the extremists. It can't be done from the outside.


VISA takes its War on Cash to US Retailers

“We’re focused on putting cash out of business.”


5 Cities That Won't Be Hosting the 2024 Olympics, and Why That Makes Them Winners

The Olympic Games lose money for the host city. I think the International Olympics Committee may have started the stadium scam, where the local government is on the hook for the bills and the sports team gets most of the revenue with no risk.


Congress is fleeing its warmaking responsibilities

“Congress is permanently in “Annie” mode. It will deal with its war responsibilities, like its myriad other forfeited powers, tomorrow, which is always a day away.” — George Will


Phoenix Taxpayers Lose $200 Million on Sale of Largest Hotel in Arizona

Government should NEVER finance private enterprise. Government is so bad at it that it never ends well for taxpayers.


Can property survive the great climate transition?

Here we get to the nub. Private property is the the foundation of prosperity, as explained in Hernando de Soto's The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else. Without private property, there can be no free market. Without a free market, the economy is screwed. The climate alarmist movement exists to redistribute wealth "for the greater good."


L.A. County sheriff can't give prosecutors the names of problem deputies, appeals court rules

So even if they lie, falsifiy reports, and stolen, the deputies are ABOVE THE LAW.


Is Russiagate Really Hillarygate?

The most important question of the 2016 election.

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Friday roundup

DOJ let Russian lawyer into US before she met with Trump team

Something else about the 2016 election that traces straight back to the Obama administration. Gee, what are the chances?


De Facto Federal Legislation of Cryptocurrency is Nigh

“An upcoming meeting of the Uniform Law Commission (ULC) is likely to change how law enforcement across the U.S. approaches bitcoin. Right now, the meeting is under the radar, but its fallout could soon make a pivotal debate flare on a state-by-state level.”


Which Campaign Truly Colluded With Russia?

Many questions about Russian influence if people looked harder at the Obama administration and the Hillary Clinton campaign.


The Basic Formula For Every Shocking Russia/Trump Revelation

Thirteen steps that the media has used every time so far.


The crisis in America’s crime labs

No one person and no one agency has all the answers. No one is beyond criticism. No one is beyond question.


Illinois' Fiscal Problems Won't Stay in Illinois

“Wisconsin's budget takes a $51 million hit as The Land of Lincoln tries to extract more revenue from its residents, including those who work or live elsewhere.”


Jeff Sessions Wants More Mandatory Minimums, Less Justice

Mandatory miniumum sentences have seriously warped the justice system.


Damning New Report Shows How Oakland Cops Covered Up Their Sexual Exploitation of a Minor

Cops must be held accountable if they have powers. If proven true, this should result in immediate dismissal, arrest, and a fast trial.


Trump Jr. Entrapped by Obama White House to Obtain FISA Warrant and Spy on Campaign

Very interesting, but it's mostly speculation.


Kid Rock for Senate

I am not sure it's really happening or if it's a stunt. He'd be better than most of the serving Senators.


Radical Dem Worked For Russian Lawyer Who Met With Trump, Jr.

Odd how Democrats have the most Russian connections, isn't it?

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Tuesday roundup

Newspaper Publishers Want Congress to Bail Them Out of Bad Investments

Let them fail.


Amazon Prime does more for northern food security than federal subsidies, say Iqaluit residents

This is working now, but Amazon may pull out.


What happened when Walmart left

When the economy collapses, not even Walmart can save you.


John McCain faces questions in Trump-Russia dossier case

John McCain can not be trusted.


Once Again, NY Times Attempts to Create Trump/Russia Collusion Where There's No Evidence

The New York TImes pioneered fake news and they still do it better than anyone else.


The U.S. Media’s Murky Coverage of Putin and Trump

It seems the Russian press doesn't think the U.S. media is misreading what is happening.


Cash for Clunkers Was a Complete Failure

We suspected and now we know. Nothing government demands from a business won't impose greater costs on the customer.


Liberals target the Rust Belt: ‘Democrats should be able to win in all these places’

Not after writing them off for sixteen years they can't.


California Looking to Give Unions Private Workers' Phone Numbers, Addresses

Now you know who the legislators really work for.


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Something's rotten in Syria

Headlines that don't merit their own entry

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Friday roundup

Headlines that don't merit their own entry

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“What is Fake News?”

“What is fake news? Is Donald Trump correct when he says CNN, The New York Times, and other mainstream outlets report fake news? Commentator and bestselling author Andrew Klavan explains.”

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☆ Media utopia

When I was a kid, I delivered newspapers. After school I read them. Oh not cover to cover, I'd skip the ads and the sports and usually most of the “lifestyles” stuff. It wasn't hard to spot a pattern. What appeared in the newspapers usually appeared on the local news within a day or so. By the time I hit high school, I had discovered the local and school libraries with their out-of-state newspapers. Once again, there was a pattern. Three papers would usually have the “important” stories first, the next day or so the major papers would have the stories, and then within a week or so the other papers and the local television news.

It wouldn't be every story. But it would be the big stories, the ones that everyone would be talking about. So if you wanted to stay ahead of the curve, you'd read those three papers every day you could. The three papers were The New York Times, the Washington Post, and the Wall Street Journal. Oh, The Economist was good too, but I couldn't always find that.

These papers set the agenda that the rest of the nation's press followed. Not always the opinion, but definitely Which Stories Were Worthy. Even newsweeklies and the television news magazines followed the stories that these three newspapers had pointed out.

Telling people what has happened, that's reporting. But the best reporters went beyond that, they put it into context. If the President rapped his knuckles on the desk, they'd tell you what his predecessors did, when, and why. You'd understood how it fit.

There never was journalistic objectivity, but that was okay. As long as some differing opinions made it to press, the public would learn what happened. Reporting was the priority.

Over the years, the Washington Post grew convinced that it had taken down a President. Maybe setting the agenda wasn't enough. Maybe they could shape world events with their reporting. If they said it happened, maybe enough people would believe and the Elected Leadership would react. It worked kinda-sorta with Ronald Reagan, and it worked well with George H. W. Bush.

Then came Bill Clinton who wanted to change the world. So he cultivated and seduced the press. He convinced them that his administration together with the press could change the world if they only tried hard enough. And before the press admitted that there were all sorts of juicy tidbits in Clinton's background, it worked out pretty well. It also cemented belief that the press had a Higher Calling, and it was up to them to turn ignorance into enlightenment.

After Billy-boy came George W. Bush, Bush the Younger. Or Bush League as I eventually called him. Bush the Younger would have been a tolerable President, but then we had 9-11. And the press didn't want a war. Or at least, they didn't want an Official War® with heroes and patriotism and Amazing America riding to the rescue. So they decided to control the agenda. Most of the heroism coming out of 9-11 and the wars in Iraq and Afghanistan never made the headlines. The failures, real and imagined, did.

Yeah, about that imagined bit. It was the Higher Calling. American ideas couldn't be allowed to succeed, especially on a world stage. America had to have more failures if only because America had more success. For most of his administration, George W. Bush could do no right according to the popular press.

And then came Barack Obama, the Imperious Leader, He Who Could Do No Wrong. The press loved this guy. For the first time ever, a president mostly played along with what the press said. The press didn't have to report it, they could create reality. That's what happened for eight years.

By 2016, the press had forgotten that their primary job was reporting what happened. No one realized that while the Grand Vision was put in place, they were losing Democrat lawmakers and elected officials to keep it into place. Meanwhile many people resented being dragged into a Utopia without their consent. Especially when Utopia was more expensive and more tyrannical.

So Donald Trump happened.

The press completely missed it. What happened wasn't nearly as important as what was supposed to happen.

The truth was a prison. The answer was to do what had worked for eight marvelous years. Reality had to change. Legality didn't matter. Morality didn't matter. Only the Utopia.

The untruths came fast. No one was going on record but it was obvious that Trump would fail if he got pushed. He couldn't hope to succeed. So stories of high-level meetings that never happened came out. Stories about sex orgies and golden showers in Russia. Stories about Trump hoarding the White House ice cream. None of these stories could be verified. The answer was to accelerate the news cycle. That was easy enough with the internet. Literally hours after each story was released came the debunking, new stories followed minutes after that.

We've reached the point where most of the “news” about President Donald Trump and his administration can't be trusted. The newspapers and news sources I used to trust can't be trusted.

I hate admitting it, but Trump is right about the press. And it's because the press won't report the news. The press wants the Utopia.

Truth doesn't matter.
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NeoNotes — Deserved to be heroes

For length reasons, this entry appears on it's own page.

“We let generations be victims when they deserved to be heroes.”

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