LTC Robert Bateman ignores the law

It is alarming when a serving military man publicly ignores the law. It is doubly so when he is not only a Lieutenant Colonel but also a professor who has taught at the military academy at West Point. LTC Robert Bateman’s recent Esquire blog misstates the law and misunderstands the role guns play in US society.

LTC Bateman asserts “As of 1903, the “militia” has been known as the National Guard” and links to an analysis of the act. The reality is quite different if you actually read the first paragraph of the act.

That the militia shall consist of every able-bodied male citizen of the respective States, Territories, and the District of Columbia, and every able-bodied male of foreign birth who has declared his intention to become a citizen, who is more than eighteen and less than forty-five years of age, and shall be divided into two classes—the organized militia, to be known as the National Guard of the State, Territory, or District of Columbia, or by such other designations as may be given them by the laws of the respective States or Territories, and the remainder to be known as the Reserve Militia.

In other words, the heart of his argument that the militia is not the whole of the people rests at the very beginning on a lie. In the case of an ignorant youth, this might be excused but not a high ranking military professional who has had the responsibility of teaching our future military leaders. It is inexcusable. Given further legislative developments since 1903 regarding discrimination based on sex, I doubt that even this definition of militia is supportable at present because it is too narrow but even this outdated definition is an ocean compared to the teacup that LTC Bateman wants to leave for 2nd amendment rights.

Since it’s established that LTC Bateman doesn’t necessarily respect the truth, it’s important to check on the rest of his assertions. One of them is that “Weapons are there for the ‘well regulated militia.’ Their use, therefore, must be in defense of the nation.” The police are not in the national guard, does their use of arms defend the nation? Are they a well regulated militia? Is he calling for the disarmament of the police? Perhaps he does, perhaps he doesn’t. By the terms of his argument, they shouldn’t be armed but perhaps he did not want to completely embarrass himself. The alternative is that he is arguing that the police are a militia. This militarization of the police is an entirely different kind of problem, no less disconnected from the American tradition or problematic for our liberties but different than the question of their armament.

LTC Bateman repeatedly says in this article “hunting is valid”. Then again he also says that weapons “must be in defense of the nation”. So why is hunting valid? I’m guessing because it polls well enough that gun controllers would earn permanent minority status if they were to be perceived as anti-hunting and he personally knows a few hunters who he’d like to continue to see socially.

Another assertion is that “No 7-11 in history has ever been held up with” a black powder musket. That might be true though black powder firearms robbery is not exactly unheard of, though rare.

A little investigation yields the possibility that the whole thing is part of a joke of a presidential run which includes such gems as the forced deportation of gun owners (unclear whether they can come back afterwards) and bringing back the draft. So one viable theory might be that he’s just kidding here.

I’m inclined to a different one, that we should feel sorry for LTC Bateman and his recent stroke that has apparently affected his mental capacity. Our ire should be saved for Esquire magazine and its editorial staff that has encouraged this man to nationally embarrass himself.

cross posted: Flit-TM

Totalitarian Capitalism

I’ve been pondering Pope Francis’ recent writings and have come to certain conclusions about some serious miscommunication regarding what the Pope is doing. Contrary to a lot of the Francis miscommunication corpus, I don’t think that this is the Pope’s fault.

Capitalism is not, properly speaking, a totalitarian system. It requires a separate moral system, a guide to provide purpose to all the buying and selling. It can fit to a wide variety of moral systems which is a good reason that capitalism ends up being global.

Capitalism’s limits to economic acts create a space for morality to survive and thrive and are natural fetters to the system. These are the fetters that would interest a churchman. Unfettered or unregulated capitalism is totalitarian. If you’re worshipping mammon. If you find value only in your bank account, if there is no other system that informs your purchases and your production, then you have a serious problem. The fetters of government regulation in the economic sphere are irrelevant to Pope Francis because he’s not a politician and not an economist. He has a different scope for his job and vocation.

This is a virtue problem and one that has real world, practical effects. The difference in the education levels in virtue in the American colonies at the start of its revolution and Bourbon France at the start of its revolution are a major factor in why the former succeeded and the latter was ultimately a failure that died in the terror.

Pope Francis’ gig is ultimately to inculcate virtue and prepare us for Heaven. Occasionally this means he falls into the jargon of his profession which, like all professional jargon, is sometimes confusing because in different professions, the terms have different meanings.

cross post: Flit-TM

Bitcoin deflation

Today, right this minute, we have a massive natural experiment in deflation going on. The demand for Bitcoin (BTC) is far outstripping any increase in supply. If this were a national currency, the central bankers would have been institutionalized for their nervous breakdowns quite some time ago. It would be front page news every day and panic would rule the airwaves.

None of this is happening with Bitcoin. BTC insiders, movers and shakers seem pleased with the increase in value for their currency and the worry is the appreciation of the currency will go away, not that it will continue. Bitcoin pessimists like Paul Krugman, not surprisingly, believe that deflation will lead to transaction collapse and hoarding. Reality, so far, disagrees with them.

I think that the problem is that nobody among the pessimists understands what BTC is for. It’s never going to be the legally mandated monopoly currency in any significant economic zone. The ethic of the BTC community works against that. This means that BTC is not competing against the US dollar, the euro, or even the renminbi.

What bitcoin does very well is create a space for moving currency without the ability for it to be stopped. That challenges national currencies in crisis that want to impose currency controls to stop money leaving their borders. You can’t stop BTC transactions without draconian controls on communications.

As a practical matter, you can’t stop a coin key from crossing borders. It also creates an incredibly small unit of currency. The smallest unit in the BTC world is the satoshi, or 0.00000001BTC. Is there any currency in the world that equals one satoshi? Until bitcoin reaches the point where its smallest transactions (looking at ads and other microtransactions) can no longer be done with single satoshis, BTC will not suffer transaction reduction to to value increase.

Current pricing would seem to imply something of a damper on BTC transaction flow when BTC rises above $100,000 USD per coin. In other words, the cheapest, cheapskate ads are offering a hundred satoshis for a second of your attention in a world where 1BTC is approximately 1,000USD. We have a long way to go before those transactions cease to be denominated in BTC. And even then, there will be prestige associated with working in BTC which will keep interest in the currency relatively high and larger transactions flowing around the $100k level. Any reduction will bring back a number of the bottom feeders from other currencies.

There are several wannabe BTC competitors waiting in the wings for the day that people want to conduct microtransactions smaller than 1 satoshi. They have established exchanges with national currencies and with BTC itself. when BTC grows in value sufficiently to give up the low end of its microtransaction market, the marketers will move on to alternatives until one of them gains enough advantage to be the next BTC.

Ultimately, BTC is about mad money for a lot of people. As an experiment, I’ve mined BTC overnight and done micro-tasks using the thing in my spare time. Since April of this year, without any impact on my productivity, I’ve gotten the price of a fairly nice night out with my wife in BTC right now. It’s a piece, but only a piece, of an emerging 21st century wallet which diversifies currency use and manages transactions both online and offline. That wallet probably won’t fully emerge for a decade at the very least and more likely will take two to really standardize but it will be the death of the ability of national currencies to live on their past reputations. People will gain the ability to react to currency foolishness much more quickly. BTC will be an important part of that technology suite.

cross posted: Flit-TM

Boehner should not honor Obama’s lawlessness

President Obama’s veto threat of the Upton bill to legally do what he is trying to do by illegal means, delay the individual mandate, has firmly established a sad fact. The United States has a lawless president. Impeachment would be a three ring circus and unlikely to be worth the effort. President Obama has indeed not let a crisis go to waste and is trying to legitimize presidential lawlessness by picking a test case where the he is doing lawlessly what the Congress wishes to do lawfully. It’s a threat of precedent, not a present threat to the lives and health of anyone today.

A more appropriate response than impeachment would be to wake up America that there is an important and symbolic issue at stake. Speaker Boehner can do this simply by denying the President an honor. He can deny President Obama the use of the House chamber for the State of the Union address. A currently substanceless threat to our legal tradition is responded to by a substanceless slap of rebuke. Let the President write his address and let it be read from the well by a clerk.

The idea that the President has so dishonored his office that he no longer can enter the House is a powerful image that alerts the people to a problem but does not stop us from carrying on with the serious task of government. Impeachment should not be our first resort. Who wants President Biden? This measure also has the advantage that it plays to Boehner’s strengths and requires no approval from anyone else. He can take this decision unilaterally. He should.

Cross posted: Flit-TM

Capitalism failure

From a system perspective, not a human perspective, compensation for work in capitalism is the system’s way of communicating to people that the system needs more or fewer people in a job. Not enough bricklayers means rising salaries and too many means lower salaries. The trend continues until the number of people doing the work roughly matches what is needed at the market clearing price and the people are generally satisfied with the compensation.

So what does that tell us about the US distribution of population in the labor market? The distribution of compensation is highly skewed and madly demanding more people get into the job of running companies. It’s highly lucrative work that on balance tends to create labor demand. Our lack of labor demand and the resulting salary stagnation are not a harmless consequence.

But people aren’t rushing into the CEO business anywhere near the numbers necessary to drive compensation down. It’s not like the current crop of CEOs is uniformly magnificent and we simply cannot do better. The wrecked companies littering the corporate landscape around the country are a testament to that. And failure at being a CEO would seem not to carry the same penalties as a spectacularly public malpractice for a doctor or lawyer.

So why has CEO production not drawn attention of the same people addressing the “IT shortage”? Why doesn’t the CEO grooming process create more candidates that drive costs down? Why is shareholder value being squandered in so many cases in highly compensating a stream of short lived, not very good chief executives, who drive the company into disaster time and again?

There’s something wrong with our CEO system.

Cross posted Flit-TM