The Supreme Court and Federal Reserve are corrupt in the same way. Both institutions defer excessively to legislative and regulatory agendas instead of sticking to their respective mandates.
[Trigger warning: The following material includes humor, cat videos and other concepts that may be triggering in sensitive individuals.]
In a spirit of fashionable Gleichschaltung, Chicagoboyz are committed to the following progressive principles:
Below is a list of the books, ebooks, music and videos that Chicago Boyz readers viewed and/or ordered in April and May 2015 via Amazon links on this blog. Despite some overlap between April and May there are many interesting book references here. (A cumulative list of Chicago Boyz readers’ Amazon book purchases is here.)
Your book and non-book Amazon purchases help to support this blog via the Amazon Associates program. Chicago Boyz earns a percentage on all of your Amazon purchases as long as you get to the Amazon site by clicking on Amazon links on this blog (including the Amazon banner in the blog header, the link under the Amazon banner, and even Amazon links on Chicago Boyz for products other than the ones that you want to buy).
Posted in Book Notes | Comments Off on What Chicago Boyz Readers Are Reading (April and May 2015)
Eamon de Valera’s April 1945 missive to Churchill, Roosevelt and Stalin:
After the cease fire, you must begin a peace process (even if, at first, you lack cooperation from your opponents). The first steps in that peace process are: to recognize the Axis Powers’ governments (even if not democratic) to allow all parties to return to their borders as they existed prior to the outbreak of these past regrettable hostilities and finally, to allow international trade to flow freely so that hungry innocents may be fed, clothed, and receive medicine. It is true that this might allow (some of) your enemies to rearm. But my own experts assure me that this possibility is minor. Inconsequential, abstract, and theoretical future risks such as potential rearmament cannot overcome the pressing, real, and current demands of suffering humanity and international law.
From the newsletter of a condominium association in Washington, DC:
Please remember – no smoking in common areas (hallways, stairways, parking areas, walkways, and recreational areas). Smoking is permitted only on sidewalks bordering city streets.
Things have gotten so bad that one’s first thought on reading about Hastert is that he probably either 1) did something that conflicted with the interests of prominent Obama adminstration constituents or 2) was singled out to intimidate Republicans before the 2016 elections.
UPDATE: This post from Glenn Greenwald makes important points. (Via Lex.)
The fact is that America is now run by people who profit from keeping everyone else from taking risks.
This is an exaggeration but there is enough truth in it to make a serious point. We live in the safest society in history, yet many people in this society are obsessed with risk. What is going on?
This is a nice story that illustrates some important features of free markets:
-Buyers of last resort, in this case buyers of labor, perform an important role that is not always appreciated by moralists who themselves have better options. To put it differently, McDonald’s is a vulture capitalist that lowballs labor markets and exploits vulnerable low-wage workers who lack better alternatives, and that’s a good thing. Those workers are better off employed at modest wages than unemployed at higher wages, as many of them will soon find out if McDonald’s is forced to raise its entry-level wages to accommodate proposed increases in legal minimums. The author of this piece deserves credit for his insight.
-There is always a big market for inexpensive products of adequate quality that are made to high standards of consistency. If you are on the road or in a hurry or in an airport, a standardized McDonald’s burger for a buck or two can look pretty good as compared to no food or to an overpriced bagel or sandwich of unknown quality and freshness.
-Tastes differ. The people who criticize McDonald’s for the quality of its food may not consider that many people actually like McDonald’s food.
Oil and gas production on federal land continues to decline even as the United States experiences unprecedented growth in overall fossil fuel extraction, according to a federal report released on Monday.
The Congressional Research Service found that oil production on federal land declined by 10 percent from 2010 to 2014 while production on private land increased by nearly 90 percent.
Gas production on federal land decreased by 31 percent during the same period, while production on private land increased by 21 percent.
(Via the API SmartBrief)
How to disconnect?
“Windows can’t stop your volume”
Just turn the thing off
It’s like receiving a gift
That leaves your shoes on
On TV shows now
It’s easy to spot the tropes
From Manosphere blogs
Terrible low-flow toilets –
Can’t we do better?
Below is a list of the books, ebooks, music and videos ordered in March 2015 by Chicago Boyz readers via Amazon links on this blog. (A cumulative list of Chicago Boyz readers’ Amazon book purchases is here.)
Your book and non-book Amazon purchases help to support this blog via the Amazon Associates affiliate program. Chicago Boyz earns a percentage on all of your Amazon purchases as long as you enter the Amazon site via the Amazon links on this blog (including the Amazon banner in the blog header, the link under the Amazon banner and any Amazon links on this blog for products other than the ones you are buying).
Happy Passover to all Chicagoboyz contributors and readers.
Art is an expression of one’s beliefs, and artists are always free to turn down a commission (if they can afford it). Were they not, were they to have to create art in someone else’s service with which they disagreed, it would be a violation of their free expression and conscience. Forcing artists to produce art to another’s tastes by force of the state is something that happens in totalitarian dictatorships. It’s not supposed to happen in America.
Want to see a real slippery slope? Let’s try a couple thought experiments, to see where this could go, under the logic of the LGBT absolutists.
Imagine a neo-Nazi buying swatches of red and black material, taking it to a Jewish tailor, and demanding the production of a uniform. Better yet, and more to the point, imagine the Westboro Baptist Church demanding that a gay interior decorator take a commission to spruce up the facility. And if they didn’t do it, they would be sued.
Gay-marriage advocates may think that their new-found right is a thing of beauty, to be celebrated, but that doesn’t give them the right to force others to agree and to celebrate with them. Rather than demanding that others bend to their will, they should be asking themselves why would they would even want people who find their ceremony repugnant to be involved with it.
Via Lex, an interesting post about financial disintermediation:
In a post on the state of consumer fintech, I took a look at how retail banks are beginning to “unbundle” as tech tries to reinvent finance. I now look at how the same is beginning to happen for commercial banks.
Like it did for retail banking, I think technology is impacting commercial banking in three main ways:
1. Increasing access to information thereby allowing businesses (businesses here refers broadly to small, medium and large businesses which would be the clients of commercial banks) to make better decisions
2. Reducing the friction/offering better experiences for businesses in conducting common activities
3. Lowering the fees on transactions for businesses by serving as a cheaper middle man
None of this is a surprise. Banks tend to be inefficient and generally mediocre. The incentive structure for bank employees encourages the most productive people to look elsewhere (for example, the best traders and programmers tend not to work for banks). Incessant Obama-era financial regulation makes the situation worse by killing off smaller banks that would have increased competition. There is thus a lot of low-hanging fruit for creative non-bank providers of services that banks have typically provided.
Never before has a country repeatedly declared its goal was “death to America,” taken clear actions to achieve that aim, and suffered no serious consequences for its actions. The reason for this is Iran’s diplomatic brilliance. They have conditioned successive administrations as easily as Pavlov: They hint at diplomacy, and get a free pass for abusing and murdering Americans.
Rubin is spot-on, and his critique applies to US administrations of both parties, from Carter’s to Obama’s. The Iranian regime has never paid a significant price for its numerous attacks against Americans and American interests. We may pay a high price for this failure.
I recently visited this restaurant in Key Largo and recommend it.
The restaurant is decorated with odd nautical paraphernalia. One of the prominent exhibits looked familiar. It turned out to be the Sara G that was rowed almost all of the way across the Atlantic in the ill-fated Atlantic Odyssey challenge of 2012.