tag:blogger.com,1999:blog-246997132024-03-07T12:59:27.103-05:00What I ThinkI rant. I brag. I praise. I say things just to tick people off.
So be prepared to be offended and/or outraged from time to time, but know also that there's only an 80% chance that I meant to be offensive and/or outrageous.Unknownnoreply@blogger.comBlogger930125tag:blogger.com,1999:blog-24699713.post-25418302727291650182011-10-16T11:04:00.001-05:002011-10-16T11:05:19.051-05:00About Higher Taxes and RegulationSo let me get this straight, higher taxes and more regulation are bad for business? But I feel so much wealthier when my net pay is lower because my taxes are higher!<br />And when it's more difficult for me to do what I do best, I magically do better than ever!<br /><br />http://online.wsj.com/article/SB10001424052970204422404576594890367486316.htmlUnknownnoreply@blogger.com2tag:blogger.com,1999:blog-24699713.post-16840273282996400212011-08-22T22:00:00.003-05:002011-08-22T23:05:57.734-05:00About an Anguished RambleI shouldn't be writing this. First, I learned some bad news. Second, I took comfort in a pint of Vodka.
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<br />That said, I'm rather inebriated and emotionally exhausted. Before you critique my arguments, take these points into consideration.
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<br />My father died when I was five years old. He died of cancer, which he developed due to exposure to the chemicals in Agent Orange. He wasn't a soldier; he was a forester. As I understand it, his job involved regrowing timber from clear-cut areas. One of the first things in order was to kill undergrowth in order to foster samplings. One of the barrels filled with the herbicide leaked into the bed of his pickup truck. He cleaned it himself without special equipment because he did not know how dangerous the materials were.
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<br />I remember my father being sick. I recall his hair falling out in clumps from the chemotherapy, but I didn't know the first thing about chemotherapy or cancer. I remember how often he was in the hospital, and I remember having to be good around him because he was so unwell. I remember all the people in our living room on the day that he died. They were all so quiet, but I didn't understand the gravity of the situation.
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<br />In retrospect, given the medicine of the early 1980s, my father had no real chance. My Uncle Dan donated bone marrow, but that wasn't enough. My Uncle Steve prayed everyday that God would shower my father with His grace, but it was all for naught.
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<br />Years after my father's death, I learned the story of it. Two people were present: my Uncle Steve and my mother.
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<br />My Uncle Steve had been in a car crash years earlier and suffered brain damage. He had his wits, but to this day he suffers vocal and motor limitations. Before his accident, he had been a man of the moment. Drugs, alcohol, and a good time were pretty much what he looked forward to. In a way, his accident saved him because it humbled him. He came to know God and to believe in Jesus' redemptive powers. To him, the accident had been a wake up call, and he was now awake.
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<br />Armed with his faith, my Uncle Steve decided that he would pray and that the Lord, in all His love and power, would hear his prayers. He prayed for my father, and he stood by my father's sickbed more than anyone besides my mother.
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<br />While my father laid on his deathbed--no one knew at the time exactly how soon the end would come--, my mother and my Uncle Steve were by his side. At some point, he asked my Uncle Steve to go and locate some ice cream. My uncle obliged. While my father laid there with just my mother, he expressed his fears and his grief to her.
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<br />He knew what was coming.
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<br />His breathing had been labored, but it became worse. I don't know what his last words were--I've either been too young or too--I don't know if I've been too afraid, too embarrassed, or what--to ask, but I like to think that he told my mother how much he loved her and that he had full faith in her ability to care for his children.
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<br />He died before my uncle could return with the ice cream.
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<br />For obvious reasons, this was a pivotal moment in my life. Nevertheless, I haven't thought enough about what it meant to my uncle. My Uncle Steve had prayed with all his might that God would show mercy on him. He'd had faith in the efficacy of prayer. But for what? My father suffered and died despite the prayers of many.
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<br />I don't know what kind of soul-searching my Uncle Steve did in the aftermath of my father's death, but I don't remember a day when he wasn't a devout Christian. He must have been devastated. He must have been out of his wits, for a moment. But in the end, he must also have understood that God's Will is often beyond our understanding.
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<br />And he accepted that.
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<br />Now my Uncle Steve has cancer. He hasn't drank a beer or smoked anything since his accident. He's always tried to eat healthy: lots of fiber, fewer sugars and fats. Still, he has cancer.
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<br />While my father knew that he would leave behind two children as his legacy, my Uncle Steve has never been married. He's been somewhat a recluse, due mostly to his handicap--people often assume that he's drunk because of his slurred speech and awkward motor skills. He has his brother, my Uncle Dan, and his sister, my Aunt Kellee, but I have this terrible sense that he feels that he's about to die alone.
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<br />Yes, I know that he's not going to die straightaway. He's already scheduled for chemotherapy. Nevertheless, he must know that the end in sight. His cancer is "treatable, but not curable," whatever that means. Isn't that pretty much the rule for all cancers? The thing is that it has spread from his gall bladder to his liver and lungs. I think that means stage 4 cancer, and the doctors are more concerned with "buying time" than with eliminating the cancer.
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<br />My Uncle Steve taught me to appreciate history. He had many books and was always up for a discussion. He taught me to appreciate classic rock. We took a month-long camping trip during the summer in which I turned 13, and the whole time we listened to cassette tapes of everything from Jim Croce through Lynyrd Skynyrd. Through my Uncle Steve, I learned the lesson that when life gives you lemons, you should make lemonade.
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<br />Regarding my current profession, three people have been the most influential: Jim Lockerbie, Thomas Conner, and my Uncle Steve. I admire my Uncle Steve, and I've much to say to him, but I don't know what to say. I remember the last time I saw my grandfather--Uncle Steve's dad. I was on the way to the airport with my wife and two children, and we stopped by the hospital so that I could say farewell to my grandpa. I think the both of us knew that we'd never see each other again. I wept like a child when the doctors took him to whatever test or treatment they were performing, and for the first time in my memory, I saw my grandfather cry.
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<br />My grandfather died of cancer a few months later. I had the plane ticket to come see him one last time, and he died a few hours before my plane took off.
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<br />I'd say "God damn cancer," but to me it seems more like "God uses cancer." Now I can take that in two ways. First, I can take it as God uses cancer to screw with people, to make their final weeks dreadful and to milk anguish from all loved ones. Another way is to say that God knows everything. He understands that we grieve, but he knows the big picture that we do not. I could try to fathom it and explain it in this post, but that would be fruitless. I could no more explain God's omniscience than I could explain the deepest mysteries of quantum physics. Heck, at least a physicist can try to explain quantum physics. Ask a priest about God's Will, and you end up with more questions and doubt than you started with.
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<br />I'd like to wrap this up now because it's a rambling mess. Many whom I've loved have died of cancer. My father, his father, my maternal grandmother, my wife's grandfather, and more. Praying hard won't cure cancer. My Uncle will live for a year, a few years, many years, or he may die soon. My prayers won't matter. As much as this fact irks me, I must confess that I cannot claim to know a better way. I am weak. I pray not because it will accomplish my will but because my will is insufficient.
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<br />Here then, is my prayer:
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<br />Lord, do what you must with my Uncle Steve. He is a good man, and he is beloved by many. If you must take him slowly and with great pain, keep us clear headed. Send us comfort in a random song on the radio. Cool our tempers with a soft breeze. Give him the strength that he needs, and give me and my family the strength that we need. In short, help him first, but then help me.
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<br />Thy Will be done.
<br />Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-24699713.post-48934253034268737252011-06-04T20:34:00.004-05:002011-06-04T20:38:29.737-05:00About Killing Al QuaedaAn interesting question that we should ask: When our government kills an Al Quaeda militant, is the US really one enemy down? When a predator drone wipes out ten mushahadeen, is the US really ten dead bodies closer to victory?<br /><br />If the answer is "No, not really," then I think our current policy is destined to fail.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-24699713.post-63032380740879373102011-06-04T19:52:00.004-05:002011-06-04T20:28:49.178-05:00About Christian Charity--Does Socialism Follow Jesus' Teachings?Too many people armed only with scriptures written thousands of years ago claim to understand God's will and know "exactly" how we should behave socially and politically.<br /><br />When the last books of the New Testament were written, slavery was acceptable and monarchy was the preferred form of government.<br /><br />The most important lessons from the bible are, for the most part, not literally applicable to us. To better understand, we need to cut through the history, discriminate between what was present and relevant then and what is present and relevant now. We must read the subtext, and therein lies the difficulty.<br /><br />For instance, many socialists claim that Jesus, with his message of charity for the weak and needy, would have advocated programs such as social security, medicaid, and medicare. Isn't it Christian to help the elderly, the poor, and the sick?<br /><br />But social security, medicaid, and medicare all rely upon the violent, coercive powers of government to redistribute wealth involuntarily from the productive to the non-productive. Does love of one's neighbor come from the barrel of a gun?<br /><br />Others, and I count myself among them, consider Jesus' proclamations to be calls to individual action. I should help the elderly, the sick, those weaker than I am.<br /><br />According to the socialist model, my property is forcibly taken from me and (lacking major corruption), delivered to those in need. The first caveat, of course, is that socialism breeds corruption and inefficiency. The formula for helping people in this way ends up hurting more. The second caveat is that a man who pays his taxes is not charitable. He does so in order to avoid being harmed. Jesus did not say, "Blessed are the shirkers and those who cower before might." There's simply no charity in the socialist system.<br /><br />According to our alternate model, men can demonstrate their devotion to Jesus' teachings by acting according to their free will.<br /><br />Should the old version of the story be true, when we die and meet St. Peter at the Pearly Gates, which will be the more valid petition: "I paid my taxes," or "I gave of my own free will"?<br /><br />So the trick to Christian theology isn't to say "This and this happened and in ancient Judea would have resulted in that and that, therefore the same should be true for us."<br /><br />The trick to Christian theology is to strike at the meaning of Jesus' teachings, God's will itself, if you're a believer.<br /><br />If you're not a believer, then you've already discounted this post. Alas.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-24699713.post-4651177629346604672011-06-02T20:43:00.003-05:002011-06-02T20:49:11.157-05:00About God's WillIt is upsetting to submit in prayer "Thy will be done." We don't often pray for God's will but for our own.<br /><br />At the same time, it can be comforting to know that His will indeed will be done, and-- whether we know it or not--it is for the best.<br /><br />If God is omniscient, he knows more than I do or ever can. I must admit this when I'm at a crossroads of faith. I must rest assured that no matter the hardship for me or another whom I love, it is part of something bigger than I can fathom.<br /><br />I don't have to like God's will in a temporal way. In prayer I might even submit a list of grievances. I think God understands and forgives such insolence. Nevertheless, despite my misgivings I should end every prayer with "Thy will be done."<br /><br />In the end, His will is superior to mine, whether I like it or not.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-24699713.post-71805869685594194192011-05-08T22:35:00.002-05:002011-05-08T23:06:53.386-05:00Simplify, Simplify, Simplify!The federal government can relieve much of its burden by ceding much of its unconstitutional powers to the states. Simply because an issue concerns us all does not cause it to fall under federal jurisdiction. This is a union of states--states created the union by ratifying the constitution--and the states can be left to themselves to deal with important issues. Consider only a few examples.<br /><br />Murder, rape, and assault are heinous crimes that should be punished in all states. This doesn't mean that the federal government should have jurisdiction over them, and it doesn't The states themselves enact laws against such crimes and enforce them. Since states differ from each other, they may approach and punish these crimes differently--per the will of their people. For instance, there is no death penalty in Michigan, but in other states--think Texas--murder is often punished by a death sentence. This does not mean that Michigan is softer on murder than is Texas. It simply means that Michiganders do not see capital punishment as the best way to deal with convicted murderers.<br /><br />The Constitution's tenth amendment states clearly that powers not specifically delegated to the federal government belong to the states. Therefore, the feds do not prosecute murderers for murder, rapists for rape, or assailants for assault. Nevertheless, over time the federal government has assumed powers that are not constitutional, and they have done so on the grounds that the issues are vital to all Americans. As Ted Logan would say, this argument is bogus. Murder, rape, and assault are issues vital to all Americans.<br /><br />Consider a few issues considered so important that the constitution must be violated, and think how states themselves could easily (and most likely less expensively and more efficiently--since states differ from each other).<br /><br />1.) Education. Making sure that our youngest generation is literate and capable of being productive members of society is important. Nevertheless, a quick reading of Article I, Section 8 of the Constitution informs us that Congress lacks any power over the subject. According to the 10th Amendment, that means that states or individuals themselves should be responsible for education. The federal government spends billions on education, but it educates no one. All education is done on the state or private level. The Department of Education should be abolished, and the people of the states should be able to determine for themselves what their children need. This would save the federal government billions every year, which translates into trillions over time.<br /><br />2.) The Environment. It is important that people do not so ruin the environment that it becomes inhospitable to human life. I don't know anyone who would argue against that. Nevertheless, it is not a job for the federal government. Rules regarding drilling for oil in Alaska should not involve votes from Illinois. Regulations intended to preserve the spotted owl in Washington State should not involve Floridians. California leads the way with reckless environmental policies. Let them test for themselves what happens when property rights are thrown asunder. Let the rest of us develop our own policies that suit our own needs and do not render us victims of other people's ideas. The Environmental Protection Agency should be abolished.<br /><br />3.) The Department of Agriculture. Agriculture is necessary for life. Without access to good food, we're in trouble. Nevertheless, this does not mean that the federal government needs to regulate who and how our foods are produced, distributed, and consumed. States in which agriculture is important know what they need to produce quality crops and meats. Federal regulators assume that Article I, Section 8, Clause 3 gives them the right to "regulate" agricultural commerce because it often crosses state lines. This is a loose construction that ignores the reason for the so-called "Commerce Clause." The Constitution's framers created AI.S8.C3 in order to prevent states from trade-wars via tariffs. That's it. Every federal power over business that has been justified by the commerce clause--except for those that prevented states from limiting trade between each other--is unconstitutional. Let consumers and the states decide who makes their food, who sells it, and what's worth buying. Abolish the Department of Agriculture.<br /><br />4.) The Food and Drug Administration. See comments above. Abolish the FDA.<br /><br />Of course, the bulk of federal spending is on social security, medicare, and the military-industrial complex. The first two are clearly unconstitutional and should be abolished. Let states and families take care of their elderly. Federal spending on the military is, technically, constitutional, but that's not the issue here. If we did nothing more than reduce the federal government's regulatory powers (and thus its spending habits), we wouldn't be looking at either the fiscal or monetary mess that we presently are facing.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-24699713.post-84879228288228288232011-03-20T13:35:00.003-05:002011-03-20T14:19:10.093-05:00About Three ReckoningsTo suggest that there is a "reckoning" in the near future is to state the obvious but vaguely.<br /><br />This society has a cultural reckoning demonstrated by the popularity of programming such as The Jersey Shore and other unscripted television. This week on the Bachelor, the bachelor faces a tough decision, and all relationships are "amazing." Comedy Central's <span style="font-style: italic;">South Park</span>, <span style="font-style: italic;">The Daily Show</span>, <span style="font-style: italic;">The Colbert Report</span>, and <span style="font-style: italic;">Tosh.0</span> are probably the best written shows on television. Ask yourself what they each have in common: they lampoon our bankrupt culture.<br /><br />Popular music is mere imitation of what was uninspired twenty-five years ago. Lady Gaga's <span style="font-style: italic;">schtick </span>was disingenuous and old when Madonna shocked us all by making out with black Jesus. The Jonas Brothers have run their course, so now it's time to squeeze every dollar of every microsecond of Justin Bieber's fifteen minutes of fame before it's on to the next teen pop idol.<br /><br />Michael Bay is a fine example of what's happened to cinema. Screw plot. To hell with character development. Let's just blow up a bunch of shit. Alien robots that double as product placement revenues from General Motors is just icing on the cake (in the original Transformers, Bumblebee was a VW bug).<br /><br />Social Networking consumes our time with trivial matters expressed in terrible grammar and "in-ovative $pelling" (4sh0). Nevertheless, it's too new--or perhaps I'm still too much of a novice--and its potential to bring people together in meaningful ways makes me reluctant to pass final judgment for the time being.<br /><br />We also face a political reckoning. The two major parties are corrupt, morally and philosophically defunct instruments of theft and tyranny. While many will admit that we need a third party to come to the rescue, they also suggest that voting for third-party candidates is a waste of time. Our modern elections are the epitome of choosing between the lesser of two evils. Several seasons ago, a <span style="font-style: italic;">South Park</span> episode brilliantly satirized the situation when the boys were expected to vote for a new school mascot. The choices were a turd sandwich and a giant douche. When one of the boys refused to vote because he hated both choices, the community insulted and ostracized him--as if he was the problem. We have a Nobel Peace Prize winning president who has just authorized the unconstitutional use of force to intervene in another sovereign country's internal affairs. Obama's "Change We Can Believe In" has proven to be an echo of the cynical proverb: "The more things change, the more they stay the same."<br /><br />Perhaps the economic reckoning is the most pressing and fearsome of all. The federal government's spending is worse than insane and out of control. Considering the ultimate consequences of our fiscal and monetary policies, it is downright evil. The previous election saw a bunch of turd sandwiches replaced by a bunch of giant douches, especially when you consider that the amount of budget cuts suggested by (supposed) fiscal conservatives do not even match the increased spending. They suggest cutting in the billions while spending increases in the trillions. I'm neither a mathematician nor an economist, but I can see the the problem with that. Our debt is a threat to our livelihoods--I'm not even talking about prosperity; I'm talking about our ability to eke out a living of any kind--, and our very sovereignty. In Shakespeare's <span style="font-style: italic;">Macbeth</span>, the second witch predicted: "By the pricking of my thumbs, something wicked this way comes." In <span style="font-style: italic;">Macbeth</span>, she referred to the protagonist himself. To us, that something wicked will take the form of unprecedented taxation or hyperinflation, followed by starvation, and quite possibly large-scale violence.<br /><br />I'm not the first to point any of these reckonings out, and I'm not hoping to be lauded as insightful. What I've said has been better put by others, but this has been weighing on me for some time now. I'm also not the first to point out the similarities between our current situation and the period leading up to the decline of the Roman Empire. See Gibbon if you don't believe me (though I think that he exaggerated the role of Christianity in Rome's fall).<br /><br />The world will not end in 2012, but we may be on the threshold of something too close for comfort.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-24699713.post-62243253463101791562010-12-09T23:21:00.004-05:002011-03-20T14:30:16.290-05:00About Julian Assange and WikileaksWhile the United States fought its war for independence, France was a despotic monarchy. Nevertheless, we accepted French aid in our war against Great Britain and to this day hail France for its support.<br /><br />Julian Assange may be a jerk. He may even be a criminal--but something in me is suspicious of the charges because they came at such a convenient time and so demonize him has a man. Nevertheless, his organization, Wikileaks, has showered corrupt and secretive (synonyms, if you ask me) governments with egg. Perhaps we are on the threshold of a new age in which governments cannot wager that the people will buy into their deceits.<br /><br />Mr. Assange, you may be an ass, but I accept your aid in the war against tyranny, and I hail Wikileaks for its support.Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-24699713.post-41017484249504107752010-11-13T23:48:00.003-05:002010-11-13T23:52:14.498-05:00About Mid-term ElectionsThe mid-term elections were exciting to anyone who has yet to realize that Republicans never deliver smaller government.<br /><br />Can I sue for a breach of the so-called "Contract With America"?<br /><br />Democrats and Republicans think that government is the answer to our problems. Therefore, both parties are equally defunct and, God willing, should be erased from the political spectrum.<br /><br />Party distinctions are, today, as irrelevant as the northern wing of the Whig party in 1856.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-24699713.post-33322657128575815142010-10-26T22:47:00.004-05:002010-10-26T23:00:03.322-05:00About the Efficacy of PrayerI do not believe that prayer will help you get what you want, but if you pray correctly, you might better understand God's will.<br /><br />Remember that the prayer taught by Jesus himself says "Thy will be done."<br /><br />Sometimes that sucks, but you need to figure it out for yourself. I still do not know why my father had to die when I was five, but he did. Praise His grace, I had a wonderful step-father, and most things seemed to work out all right. I don't have to think long and hard to see how my step-father has helped me in life. I do, however, have to think long and hard as to why the same lessons and messages couldn't have been transmitted through my father. I am humble enough (just barely enough) to accept that God's will is superior to mine.<br /><br />They say that the devil is in the details, but I disagree. If you look close enough with an open mind and an open heart, you can usually find the truth (or something like it) in the details.<br /><br />Robert E. Lee suggested that the outcome of battles was God's will. This is always true, I suspect, even if the bad guy wins. We are too apt to think short-term and egotistically. We need to learn from our defeats as much as from our victories. Even pulp fictions like Shakespeare's tragedies teach us lessons.<br /><br />Life is not like a box of chocolates, as Forrest Gump asserts. Life is a gift, and like all gifts we best take it and enjoy it for what it is.<br /><br />Of course I pray that my will be done, but I also acknowledge that I would be more at ease if God's will and my will were one in the same.<br /><br />They often are not, but it's not God's fault or my fault. It is what it is, and if I cannot see the light it is not because the sun does not shine but because I am still deep in the cave.Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-24699713.post-73286022076613659792010-10-24T15:35:00.003-05:002010-10-24T15:46:08.279-05:00About the Best Modern Primer on Economics: Robert P. Murphy's "Lessons for the Young Economist"I need to take this moment to recommend Robert Murphy's <a href="http://mises.org/store/Lessons-for-the-Young-Economist-P10422.aspx"><span style="font-style: italic;">Lessons For the Young Economist</span></a>.<br /><br />Written in clear, unassuming prose, Murphy explains both theory and practice. Unlike other economic texts, it is witty and approachable. You should check it out even if you've never liked economics. Even if you've taken some economics courses, go buy it. If you think that economics is too convoluted and inaccessible to laymen, then this book will change your mind.<br /><br />Here is the table of contents:<br /><p class="c2"><span class="c0"></span></p><blockquote><p class="c2"><span class="c0">PART I: FOUNDATIONS</span></p><p class="c2"><span class="c0">1. Thinking Like an Economist . 3</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">Thinking Like an Economist 3</span></li><li class="c1"><span class="c0">Is Economics a Science? . 5</span></li><li class="c1"><span class="c0">The Scope and Boundaries of Economic Science . 5</span></li><li class="c1"><span class="c0">Why Study Economics? . 8</span></li></ol><p class="c2"><span class="c0">2. How We Develop Economic Principles . 13</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">Purposeful Action versus Mindless Behavior 13</span></li><li class="c1"><span class="c0">The Social versus the Natural Sciences 15</span></li><li class="c1"><span class="c0">The Success of the Natural Sciences versus the Social Sciences 17</span></li><li class="c1"><span class="c0">How We Develop Basic Economics 22</span></li></ol><p class="c2"><span class="c0">3. Economic Concepts Implied By Action . 31</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">Introduction 31</span></li><li class="c1"><span class="c0">Only Individuals Act 32</span></li><li class="c1"><span class="c0">Individuals Have Preferences 36</span></li><li class="c1"><span class="c0">Preferences Are Subjective 37</span></li><li class="c1"><span class="c0">Preferences Are a Ranking, Not a Measurement Using Numbers 39</span></li><li class="c1"><span class="c0">Different Individuals’ Preferences Can’t Be Combined . 42</span></li></ol><p class="c2"><span class="c0">4. “Robinson Crusoe” Economics . 49</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">Introduction 49</span></li><li class="c1"><span class="c0">Crusoe Creates Goods With His Mind Powers 50</span></li><li class="c1"><span class="c0">Consumer Goods versus Producer Goods 52</span></li><li class="c1"><span class="c0">Land, Labor, and Capital Goods . 53</span></li><li class="c1"><span class="c0">Income, Saving, and Investment . 55</span></li><li class="c1"><span class="c0">Goods Are Valued Unit by Unit 59</span></li><li class="c1"><span class="c0">Pulling It All Together: What Should Crusoe Do With Himself? . 61</span></li></ol><p class="c2"><span class="c0"> </span></p><p class="c2"><span class="c0">PART II: CAPITALISM: THE MARKET ECONOMY</span></p><p class="c2"><span class="c0">5. The Institution of Private Property 71</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">Society Requires Rules . 71</span></li><li class="c1"><span class="c0">Capitalism: This Is Private Property 73</span></li><li class="c1"><span class="c0">The Market Economy and Free Enterprise . 74</span></li><li class="c1"><span class="c0">6. Direct Exchange and Barter Prices 81</span></li><li class="c1"><span class="c0">Why Do People Trade With Each Other? 81</span></li><li class="c1"><span class="c0">Direct Exchange / Barter . 82</span></li><li class="c1"><span class="c0">Prices 83</span></li><li class="c1"><span class="c0">How Prices Are Formed in Barter . 84</span></li></ol><p class="c2"><span class="c0">7. Indirect Exchange and the Appearance of Money . 99</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">The Limitations of Direct Exchange . 99</span></li><li class="c1"><span class="c0">The Advantages of Indirect Exchange . 101</span></li><li class="c1"><span class="c0">The Advantages of Money 104</span></li><li class="c1"><span class="c0">Who Invented Money? 106</span></li></ol><p class="c2"><span class="c0">8. The Division of Labor and Specialization 113</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">The Division of Labor and Specialization . 113</span></li><li class="c1"><span class="c0">Why Specialization Makes Labor More Productive . 115</span></li><li class="c1"><span class="c0">Enriching Everyone By Focusing on Comparative Advantage . 117</span></li></ol><p class="c2"><span class="c0">9. Entrepreneurship and Competition . 125</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">Entrepreneurship 125</span></li><li class="c1"><span class="c0">Competition Protects Customers 127</span></li><li class="c1"><span class="c0">Competition Protects Workers . 128</span></li></ol><p class="c2"><span class="c0">10. Income, Saving, and Investment 135</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">Income, Saving, and Investment . 135</span></li><li class="c1"><span class="c0">Investment Increases Future Income 136</span></li><li class="c1"><span class="c0">How Saving and Investment Increase An Economy’s Future Output . 141</span></li></ol><p class="c2"><span class="c0">11. Supply and Demand . 147</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">Supply and Demand: The Purpose . 147</span></li><li class="c1"><span class="c0">Demand: Its Definition and Its Law . 148</span></li><li class="c1"><span class="c0">Supply: Its Definition and Its Law 153</span></li><li class="c1"><span class="c0">Using Supply and Demand to Explain the Market Price 155</span></li><li class="c1"><span class="c0">Using Supply and Demand to Understand Price Changes .159</span></li></ol><p class="c2"><span class="c0">12. Interest, Credit, and Debt . 175</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">Interest: It’s About Time 175</span></li><li class="c1"><span class="c0">Savings, Investment, and Economic Growth . 177</span></li><li class="c1"><span class="c0">Common Credit Transactions 180</span></li><li class="c1"><span class="c0">The Pros and Cons of Debt . 183</span></li></ol><p class="c2"><span class="c0">13. Profit and Loss Accounting 191</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">Profit and Loss Guide Entrepreneurs . 191</span></li><li class="c1"><span class="c0">Interest Versus Profit 193</span></li><li class="c1"><span class="c0">The Social Function of Profit and Loss Accounting 195</span></li><li class="c1"><span class="c0">The Limits of Profit and Loss Accounting . 199</span></li></ol><p class="c2"><span class="c0">14. The Stock Market . 205</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">The Stock Market 205</span></li><li class="c1"><span class="c0">Why Issue Stock? (Debt versus Equity) . 206</span></li><li class="c1"><span class="c0">The Social Function of Stock Speculation 209</span></li></ol><p class="c2"><span class="c0"> </span></p><p class="c2"><span class="c0">PART III: SOCIALISM: THE COMMAND ECONOMY</span></p><p class="c2"><span class="c0">15. The Failures of Socialism—Theory . 221</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">The Vision of Pure Socialism 221</span></li><li class="c1"><span class="c0">Socialism’s Incentive Problem . 223</span></li><li class="c1"><span class="c0">Socialism’s Calculation Problem . 229</span></li></ol><p class="c2"><span class="c0">16. The Failures of Socialism—History . 239</span></p><ol class="c3"><li value="4" class="c1"><span class="c0">Economic Theory and History . 239</span></li><li class="c1"><span class="c0">Communism vs. Fascism 241</span></li><li class="c1"><span class="c0">Socialism’s Body Count . 242</span></li></ol><p class="c2"><span class="c0"> </span></p><p class="c2"><span class="c0">PART IV: INTERVENTIONISM: THE MIXED ECONOMY</span></p><p class="c2"><span class="c0">17. Price Controls 255</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">The Vision of Interventionism . 255</span></li><li class="c1"><span class="c0">Price Ceilings . 256</span></li><li class="c1"><span class="c0">Price Floors . 261</span></li></ol><p class="c2"><span class="c0">18. Sales and Income Taxes 271</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">Government Spending 271</span></li><li class="c1"><span class="c0">How Government Finances Its Spending . 275</span></li><li class="c1"><span class="c0">Sales Taxes 277</span></li><li class="c1"><span class="c0">Income Taxes 279</span></li></ol><p class="c2"><span class="c0">19. Tariffs and Quotas . 287</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">Mercantilism 287</span></li><li class="c1"><span class="c0">The General Case for Free Trade . 289</span></li><li class="c1"><span class="c0">Tariffs . 293</span></li><li class="c1"><span class="c0">Import Quotas . 299</span></li></ol><p class="c2"><span class="c0">20. The Economics of Drug Prohibition 305</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">Drug Prohibition . 305</span></li><li class="c1"><span class="c0">Drug Prohibition Corrupts Government Officials 307</span></li><li class="c1"><span class="c0">Drug Prohibition Fosters Violence 314</span></li><li class="c1"><span class="c0">Drug Prohibition Reduces Product Safety 320</span></li><li class="c1"><span class="c0">Money Inflation vs. Price Inflation . 325</span></li></ol><p class="c2"><span class="c0">21. Inflation . 325</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">How Governments Make Prices Rise . 329</span></li><li class="c1"><span class="c0">The Danger of Government Price Inflation 336</span></li></ol><p class="c2"><span class="c0">22. Government Debt 345</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">Government Deficits and Debt 345</span></li><li class="c1"><span class="c0">Government Debt and Inflation 350</span></li><li class="c1"><span class="c0">Government Debt and Future Generations 353</span></li></ol><p class="c2"><span class="c0">23. The Business Cycle 361</span></p><ol class="c3"><li value="1" class="c1"><span class="c0">The Business Cycle . 361</span></li><li class="c1"><span class="c0">How Governments Cause the Business Cycle . 363</span></li><li class="c1"><span class="c0">The Inevitable Bust Following an Artificial Boom 368</span></li><li class="c1"><span class="c0">The Causes of Mass Unemployment 369</span></li></ol><p class="c2"><span class="c0">Glossary 377</span></p></blockquote><p class="c2"><span class="c0"></span></p>Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-24699713.post-8164445463603354482010-10-20T19:30:00.001-05:002010-10-20T19:32:31.789-05:00About Being So Damn BusyI again apologize to my readers (both of them--or are they now three?) for the scarce postings. My duties as football coach along with other professional obligations leave me tired most evenings.<br /><br />On the bright side, my boys thoroughly whipped a team that ran the score up on us last year. Their only points (two touchdowns, no extra points) came in the fourth quarter when their first string faced our third string.<br /><br />We scored at will on offense.<br /><br />Final score: 48-12.Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-24699713.post-78433671327154524812010-10-20T19:21:00.002-05:002010-10-20T19:29:56.860-05:00About George Washington (Briefly)When I think of how easily George Washington could have seized--heck, could have accepted--dictatorial power yet chose instead to return to Mount Vernon as citizen Washington merely, I have two reactions.<br /><br />First, I shudder at how easily a Republic can fall to demagoguery.<br /><br />Second, I wish that we today had someone half as equal: popular, wise, and respectful of the Constitution.<br /><br />Alas. Now his name is tainted by the city of hypocrites, tyrants, and thieves.<br /><br /> Where have you gone, Joe DiMaggio?<br /> Our nation turns its lonely eyes to you.<br /> --Simon and Garfunkel's "Mrs. Robinson"Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-24699713.post-5728191079692305242010-10-14T18:10:00.004-05:002010-10-15T17:56:45.075-05:00About a Ridiculous Argument Against Legalizing PotIn an article entitled "<a href="http://www.cnn.com/2010/OPINION/10/14/navarrette.pot.prop/?hpt=C2">Legal Pot in California a Big Mistake</a>," (apparently verbs no longer <span style="font-style: italic;">en vogue</span>) columnist Ruben Navarette, Jr. asserts<br /><br /><blockquote>If you legalize any kind of undesirable behavior -- from vagrancy to prostitution to identity theft -- you'll remove the stigma and get more of that behavior.</blockquote>I disagree. First of all, it's not as if access to marijuana is terribly restricted. Ironically, it's easier for kids to buy pot from an illegal vendor (i.e. drug dealer) than it is to buy beer from a legal vendor (i.e. Rajeeth at 7-11--I'm not being racist here. My local 7-11 is owned and operated by a man named Rajeeth. Were it not for my beard and my being a regular customer, he'd card me every time). Illegal vendors don't card their customers. When I was in high school, my buddy Garreth R., no, that's to specific, let's call him G. Ritz, used to hook us up through an old boss who would buy us beer and try to sell us pot at the same time.<br /><br />Also, it's incorrect to suggest that legalizing something reduces the stigma and leads to greater demand. All legalizing something does is permit those who demand it to trade for it openly. As far as I understand, eating my dog's feces is legal, but there's still plenty of "stigma" attached to doing so. Were it legal to marry my sister, I wouldn't.<br /><br />What Navarette means is that legalizing something <span style="font-style: italic;">in demand</span> leads to people legally (and thus visibly) consuming it. Such is not the same demand increasing.<br /><br />Few people who have never tried pot have abstained simply because it is illegal. It is already readily available. The illicit trade is the cause of much violence on the streets and tax-payer burdens in the form of court costs and prison accommodations.<br /><br />Legal pot stops the violence and tax-payer burden. There is no argument valid to suggest that it will lead to more people smoking pot.<br /><br />Besides, suppose that pot smoking becomes a bigger problem. Can't its legal status simply be repealed?<br /><br /><br /><br /><blockquote></blockquote>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-24699713.post-2159022976533194882010-10-05T20:49:00.003-05:002010-10-05T21:01:43.203-05:00MalaiseThese are exhausting days. Although I've been doing my job perhaps better than ever before, I'm working against several frictions that neither decrease my performance nor damage my reputation, but they are annoying.<br /><br />On top of this, it is football season, and I am again coaching. We won our first game last week, and we've another tomorrow. It occurs to me when I come home that I am no longer in my twenties, and that years of relative non-exercise have taken their toll. I like to run with the kids, even hitting a bit to show how to drive block or deliver a good "pop," but my legs are less responsive and the soreness persists longer than ever.<br /><br />Add the coming elections, and I fall into despair. The right men and women will either not win or default on their promises. The wars persist. Monetary and fiscal policies are insane. The dollar is in real danger. I'm not an economist, but I see dark clouds on the horizon.<br /><br />I haven't heard many speak of it, but I think that in addition to rising debt and persistently low interest rates from the Fed, we're looking at petroleum being valued by a currency other than the dollar. This is only a hunch. I've heard it in a few places (though I cannot remember where), but it makes sense. Perhaps Bob can correct me on this, but if petroleum drops the dollar, global demand for the dollar will plummet. Given the unprecedented supply (am I right on this?) of dollars, a rapid drop in demand will be a catastrophe of unprecedented proportions (in the United States, that is).<br /><br />Someone who knows better than I do on the above subject should chime in and clarify or correct my assumptions.<br /><br />And my Fantasy Football teams suck.<br /><br />I am not old, but I am tired.Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-24699713.post-77178871094928845832010-09-27T20:39:00.001-05:002010-09-27T20:40:23.288-05:00About Being Dead Dog TiredI'm coaching football for the next month and a quarter, so don't expect much of consequence in the meantime. (At least now I have an excuse.)Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-24699713.post-65305258357827356332010-09-26T22:24:00.004-05:002010-09-26T22:30:26.102-05:00About Tax Cuts Without Spending CutsTax cuts are a great idea if they correspond with spending cuts. As long as the government keeps spending, the tax cuts are to us as a mirage is to a thirsty man wandering the desert.<br /><br />Ask yourself, from where does the money spent come? If not from taxes now then it is from taxes later or inflation. Taxes later is no better than taxes now, and inflating the currency is bad all around.<br /><br />But promoting tax cuts wins votes because most voters are stupid. In the end, Democracy screws us all just the same. Men like Ron Paul are the exception. Oh but if we had a few dozen more like him.<br /><br />"Dr. No" was coined as a pejorative, but it rings like a compliment.<br /><br />Let's "End the Fed" but not stop there.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-24699713.post-88422197565369741672010-09-17T23:50:00.003-05:002010-09-18T00:08:49.789-05:00About Government AidI recently heard that more Americans than ever are receiving government aid. How's that for a gentle euphemism? What it should read is that more Americans than ever are living off the labor of fewer Americans than ever.<br /><br />Newsflash: It's not government aid. It's welfare. But "welfare" is itself little more than a euphemism for good old fashioned redistribution, the kind promoted by such visionaries as Lenin and Mao.<br /><br />Before you suggest that Lenin and Mao had ideas that looked good on paper (as most ignorant people state when they describe communism), look at what their ideas brought to this earth: the most repressive, depressive, and aggressive governments ever established. Stalin followed Lenin, and Stalin made Hitler look like Mr. Rogers.<br /><br />I thought that the 13th Amendment settled the issue of people living off of others' work. Such is called slavery, and the idea that anyone is due another's property without compensation is more akin to slavery than a mere analogy.<br /><br />Ladies and gentlemen, we are becoming slaves to the state. The U.S. government earns no money. What it pays it takes from its productive people. It does not ask for their productivity. It takes it.<br /><br />We are becoming a country of slaves. Maybe now you'll read Hayek's <span style="font-style: italic;"><a href="http://mises.org/books/TRTS/">The Road to Serfdom</a>.</span><br /><br />Read it. Think about the news.<br /><br />The men and women in Washington are either in on the scam (e.g. Pelosi) or too damn stupid to get it. Dr. Ron Paul may be the only exception. You can infer this merely by how disliked he is amongst his congressional peers.<br /><br />It's nearing time to side not with he who promises to fix the system but with he who promises to bring down the system.Unknownnoreply@blogger.com6tag:blogger.com,1999:blog-24699713.post-38519704199784170942010-09-12T21:50:00.002-05:002010-09-12T21:52:51.886-05:00About an Old FriendI recently reunited with an old friend via Facebook. There was a time (if you can imagine) when my forceful assertion of opinions rather irked him. He says that he has mellowed, but we'll only know after he's perused this site's archives.<br /><br />FYI: He's a smart son of a gun, so if he becomes a frequent reader and commenter, this site will only get better!Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-24699713.post-63017728361914654092010-09-12T20:23:00.003-05:002010-09-12T20:35:06.994-05:00About Human Rights and IslamIslam is a religion of peace that has spread by the sword and composes the most tyrannical nations on the face of the earth. Adultery leads to a divorce in most countries, but in countries run according to Islamic law it leads to execution by stoning (e.g. Nigeria and Iran).<br /><br />The defenders of Islam need to step up right now and repudiate its archaic traditions. A woman is not a man's property, and her fidelity should not be a matter of the state's concern.<br /><br />Either Islam is peaceful and its many followers are wrong, or it is not peaceful and every word about it's supposedly peaceful message is a load of crap.<br /><br />I'm sick of hearing how the religion is distorted by a radical few while pretty much every country dominated by Muslims is repressive of the most basic human rights.<br /><br />If I'm wrong, then I invite opposition. If I'm not wrong, then you must accept my conclusion that Islam is not a peaceful religion.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-24699713.post-88652301114227354042010-09-11T20:48:00.004-05:002010-09-11T21:03:55.509-05:00About Two Funny LinksThe guys at <span style="font-style: italic;">The Onion</span> have done it <a href="http://www.theonion.com/articles/archaeologists-unearth-lousiest-civilization-ever,18049/">again</a> and <a href="http://www.theonion.com/articles/god-angrily-clarifies-dont-kill-rule,222/">again</a>.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-24699713.post-30189552878089016872010-09-08T23:02:00.001-05:002010-09-11T20:50:15.881-05:00About Soldiers in GermanyWhy do we still have soldiers in Germany? I suppose that I understand Okinawa--as a springboard in case of trouble in Korea, but we spend billions to keep soldiers in Germany. Really?<br /><br />As long as we've got Hasselhoff, we don't have to worry.Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-24699713.post-66824686570460030842010-08-29T20:43:00.002-05:002010-09-11T20:50:15.882-05:00About PanderingWhy do the politicians who want to put "Main Street" first think that doing so requires funneling money and power into <a href="http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=Capitol+Building,+Washington,+DC+20515&sll=37.0625,-95.677068&sspn=44.879582,78.662109&ie=UTF8&hq=United+States+Capitol&hnear=United+States+Capitol,+Washington,+District+of+Columbia,+20002&ll=38.890231,-77.008882&spn=0.02081,0.038409&t=h&z=15&iwloc=A">East Capitol Street</a>?Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-24699713.post-11230432860268616022010-08-25T21:38:00.004-05:002010-08-27T23:01:58.139-05:00About Slavery and AbortionAbraham Lincoln said, "If slavery is not wrong, nothing is wrong," and I agree with his sentiment. I should note, however, that I disagree with many of Lincoln's political assertions. Yet the above quote is not political. It is a moral statement recognizing that anyone appealing to justice and human rights must be against slavery.<br /><br />In modern times, we simply know that slavery is wrong. Few, however, can express why.<br /><br />In a nutshell: The institution of slavery was an established system of legally sanctioned inequality. When you take another man's liberty, you take his life. When you make a man your property, his property is made yours. Therefore, slavery violates the sacred principles that established this republic: "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty, and the pursuit of happiness."<br /><br />Those who defended slavery from its critics appealed not to what slavery did to enslaved men and women, but to the "benefits" of slavery--race control, and the economic health of slave owners. If slavery were abolished, then blacks could roam the country freely! If slavery were abolished, then much of the South's economic capital would simply vanish into thin air!<br /><br />These concerns were real. There is no doubting that slavery both kept blacks under control and propped up the South's economy. White men and women throughout the country feared the social equality that might follow black mobility, and economic interests in the South (e.g. planters) and the North (e.g. textile mills) relied upon slave labor. Ending slavery would set blacks free and threaten the cotton supply. Of this there is no disputing.<br /><br />Nonetheless, slavery was wrong, and there's no appealing to the inconvenience of abolition. Abolition hurt many, but slavery hurt more and deeper.<br /><br />The same is true with abortion. If abortion is not wrong, then nothing is wrong. Abortion stops a heartbeat. It kills. There is no denying it. Saying that a fetus is not a person is as feeble an argument as saying that blacks are not persons.<br /><br />The abolition of abortion will be inconvenient to many. It will put some women in uncomfortable positions. It will be costly to some women, families, and the state (which will certainly be called upon to care for unwanted babies).<br /><br />But it doesn't matter.<br /><br />Abolishing slavery ruined the planter class, but we are better as a people for it. No man has the right to build his wealth in such a way. Abolishing abortion will also have its costs, but they are worth it. No one has the right to kill another person simply because that person is an inconvenience.Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-24699713.post-72615011597988171562010-08-25T17:03:00.000-05:002010-08-27T23:02:08.864-05:00About a Funny Bar-B-Que VideoI saw this on Tosh.0.<br /><br /><object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/2bdEx7fto_w&color1=0xb1b1b1&color2=0xd0d0d0&hl=en_US&feature=player_embedded&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><embed src="http://www.youtube.com/v/2bdEx7fto_w&color1=0xb1b1b1&color2=0xd0d0d0&hl=en_US&feature=player_embedded&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" allowscriptaccess="always" width="640" height="385"></embed></object>Unknownnoreply@blogger.com0