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Category: Government

Government evils — but I repeat myself

Happy birthday, Great Recession!

If you date the Great Recession from the collapse of Lehman Brothers (which is arbitrary but a satisfyingly dramatic point to hang the story on), it is 10 years old today. Of course we all know the recession “officially” ended ages ago, brilliantly conceived and executed government bailouts saved the global economy, and the whole world has put all that unpleasantness behind it for yet another era of Eternal Prosperity. But then, we also all know … otherwise. So here are 10 myths and misconceptions people still believe about the causes of the catastrophe. And here, from Daniel Lacalle via…

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Friday links

  • The Weather Channel creates an amazingly effective storm surge visualization.
  • “Who are the uninsured?” Some of this is blindingly obvious (Duh, of course they’re under 65. Because Medicare.) Go deeper and it’s another sign of just how UNprivileged working-class males are these days. (H/T DB)
  • Charles Hugh Smith says the next financial crisis is coming right on schedule.
  • This is from Bob Woodward’s new book, so take it with however much salt seems appropriate. But it does ring true: Trump wanted to print enough money to erase the national debt. (Tip o’ hat to MJR) 14 Comments
  • Midweek links

    David French of the National Review calls Amber Guyger’s murder of a man in his own home “the worst police shooting yet.” I don’t know about that, but it certainly has all the elements, including favoritism and the typical cover story. From Wired: How to move a million people out of a hurricane’s way. Good luck, mid-Atlantean readers! She made it through Hurricane Harvey — though not necessarily well. Now Sara Cress gives advice on how to prepare for a flood. (NPR broadcast; not sure whether transcript will be online by the time this posts, but she mentions things people…

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    Friday links

  • A rural town banded together to build a hospital. A larger hospital — and the government — stopped them.
  • Social media’s opaque response to evidence of bias.
  • Theranos, the multi-billion unicorn that billed itself as a revolutionary blood-testing company is closing its doors, valued at nearly nothing. (You want to read a really good book about how easy it is to fool lots of smart people? Check out Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou, the WJS reporter who exposed Theranos and its cultish leader, Elizabeth Holmes.) 13 Comments
  • When everything is political

    Tuesday I painted under the eaves. Painting, unlike most other tasks I’ve been doing, is a good activity for thinking. My random thoughts that day were circling around Nike having reignited the “take a knee” controversy, using Colin Kaepernick’s protest in the most cynically commercial way. Now, Nike may see Big Bux in buying the face of the millionaire athlete who can now make money off that greatest of all contemporary triumphs — personal oppression. But the thing that’s always mystified me about the entire “take a knee” flapdoodle is why — on the first hour of the first day…

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    Monday links

  • I was waiting for somebody to say this. Although I don’t agree with it all, John McCain was one of the biggest authoritarians ever to infest Congress. He never met a freedom that he didn’t want to destroy. I’m sorry he died a terrible death, but I’m glad he’s no longer in the ruling class.
  • PC run amok. A NASCAR driver loses a sponsorship because of a dumb remark his father made 35 years ago.
  • Via Maggie’s Farm: Seven things I’d do if I wanted to keep poor people poor. 15 Comments
  • Freedom in the 50 States

    Cato has released its 2018 rankings of freedom in the 50 states, compiled by William Ruger and Jason Sorens of the Free State Project. Yep, these ranks are subjective — and Cato recognizes that by allowing users to customize their own rankings by what they consider important. (Gun rights forever! Down with civil asset forfeiture!) And rightly so. Just glancing at the map is mindboggling. Wyoming next to and below Washington and Minnesota in freedoms? Seems unlikely — until you start playing around with the factors. Quite interesting. You could spend hours with the interactive map and customized rankings. Thank…

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