Quote of the Day 2

Nassim Nicholas Taleb on Facebook:

What we are seeing worldwide, from India to the UK to the US, is the rebellion against the inner circle of no-skin-in-the-game policymaking “clerks” and journalists-insiders, that class of paternalistic semi-intellectual experts with some Ivy league, Oxford-Cambridge, or similar label-driven education who are telling the rest of us 1) what to do, 2) what to eat, 3) how to speak, 4) how to think… and 5) who to vote for.
 
With psychology papers replicating less than 40%, dietary advice reversing after 30y of fatphobia, macroeconomic analysis working worse than astrology, microeconomic papers wrong 40% of the time, the appointment of Bernanke who was less than clueless of the risks, and pharmaceutical trials replicating only 1/5th of the time, people are perfectly entitled to rely on their own ancestral instinct and listen to their grandmothers with a better track record than these policymaking goons.
 
Indeed one can see that these academico-bureaucrats wanting to run our lives aren’t even rigorous, whether in medical statistics or policymaking. I have shown that most of what Cass-Sunstein-Richard Thaler types call “rational” or “irrational” comes from misunderstanding of probability theory.

(Via Richard Fernandez.)

Voting

Choices, past and present.
2016 Florida Republican presidential primary ballot
 
 
 
Marco Rubio’s cousin. Seemed like a nice guy.
Marco's cousin
 

A long hot summer is coming.

trump rally

UPDATE:

The Telegraph Gets it.

Middle America is besieged by radical, anti-American voices trying to drown out alternative opinion. Shutting down a Trump rally won’t silence Trumpism. On the contrary, it affirms it. Why does the Left continue to make this mistake?
Trump’s views are unconstitutional, illiberal and sometimes they trigger hate. But he did not take America to war in Iraq on flimsy evidence, establish Guantanamo in contravention of human rights law or licence the torture of enemy combatants.
Trump’s political style bears comparison not with Mussolini but George C Wallace, who ran for the presidency in 1968 and 1972 on a conservative populist ticket. Protestors turned up to his rallies, too and he loved it. Wallace perfected the anti-hippie zinger. When kids shouted “F**k Wallace!” he replied: “Why don’t you try learnin’ some other four letter words like W.A.S.H. and W.O.R.K.?” The confrontations added to the Alabamian’s appeal, confirming him as “the only guy willing to take on the mob”.

I worry about the comparison and hope it is not too accurate.

Last night, the Trump rally in Chicago after rioters invaded the hall and threatened to rush the stage.

Last night saw unprecedented scenes inside the University of Illinois at Chicago Pavilion between an anti-Trump mob and Chicagoans who came to hear the Republican front-runner speak.
While outside, an impatient group of thousands more massed. Temperatures rose.
Multiple law enforcement sources told DailyMail.com that there was a credible threat against Trump from groups of protesters who planned to storm the stage.

I watched some of the TV coverage and the protestors seemed to be a combination of blacks and white “Bernie” sign carrying student age people. There were a few fist fights but the vast majority of the capacity crowd filed out peacefully and drove home. I was struck by the quiet cooperation of the rally goers and the taunting celebration of the rioters.

This will be a long hot summer. Last weekend saw 22 shootings in Chicago’s black neighborhoods. St Louis saw protestors at that Trump rally and there is another big rally scheduled in Ohio tonight.

The political world holds its breath for Saturday’s Ohio rally after Donald Trump’s Chicago event last night went into melt down after bloody brawls and loud demonstrations broke out, amid simmering racial tensions.
As the dust settles in Chicago, hundreds gather in Wright Brothers Aero Hangar for the Republican candidate’s first official address since last night’s fracas.
Supporters were queuing from midnight last night, according to local reports, where there is a heavy police presence and the venue is said to be ‘at capacity’.
Today’s event is arguably the most anticipated of the entire primaries following yesterday’s unprecedented scenes.
The Donald tweeted this much-needed message of encouragement as the crowds anticipate his arrival: ‘The rally in Cincinnati is ON. Media put out false reports that it was cancelled. Will be great – love you Ohio!’

It will be interesting to see if the rioters can create the same disturbance. In Chicago, local politicians helped organize the riot.

Bernie-Sanders-supporters-Chicago-pic

Yes, it did and some of them are elected officials. Some are old experienced terrorists, like Bill Ayers who was there.

Ted Cruz managed to look creepy.

Ted Cruz: Ted Cruz is responding to Donald Trump’s cancellation of his Chicago rally, saying the billionaire has created ‘an environment that encourages this sort of nasty discourse.’ The Texas senator is calling it a ‘sad day.’
He says, ‘Political discourse should occur in this country without the threat of violence, without anger and rage and hatred directed at each other.’
Cruz says blame for the events in downtown Chicago rests with the protesters but ‘in any campaign responsibility starts at the top.’
Cruz says, ‘When the candidate urges supporters to engage in physical violence, to punch people in the face, the predictable consequence of that is that is escalates. Today is unlikely to be the last such incidence.

An invitation ?

Carly Fiorina Endorses Ted Cruz

FiorinaCruz

 

Here’s the truth: Donald Trump and Hillary Clinton are two sides of the same coin. Trump has made billions buying politicians and their influence, and Hillary Clinton has made millions selling her influence to people like Trump.
That’s why we need President Ted Cruz. Ted has spent his life protecting Americans’ God-given liberties, and he always stands by his word.

I know Ted, and he’ll do the same as president.

Before I sign off, one last thing.

There is good news…in the most recent polls Ted beats Donald Trump by 17 points in a one-on-one race.

And Ted, unlike Trump, defeats Hillary Clinton in a one-on-one race.

Again, I need you now to help me support Ted Cruz. He is our best hope to return a true conservative to the White House and reverse the disastrous eight years of Barack Obama’s presidency.

More on where Trump came from.

There is increasing panic among the GOPe about the possibility that Trump could win the nomination. The “Anyone But Trump” fixation is obsessing the usual suspects.

Megan McArdle: As I see it, there are basically three strategies you can follow:

Anyone but Trump: It doesn’t matter, as long as you vote against Trump. Democrats in open primary states can play, too.
Vote the leader: Pick the winner in your state, and force the nomination selection to the convention.
Attempt to generate an actual alternative front-runner by voting for the national poll leader, or the most plausible candidate — probably Marco Rubio, given that he seems to have the most support from the highest number of GOP coalitions, but possibly Ted Cruz, since he appears to be the next most appealing to Trump voters.
I’ll just start by asking: Which of these would someone follow if their main priority is to defeat Trump? Or am I thinking about it all wrong?

Sean Trende: No, I think you have it basically right. I actually think that, for now, their best chance lies behind Door No. 2.

Why are the elites so obsessed with keeping Trump away from the levers of power ? This is not limited to the USA. Germany is having its own voter revolt.

The anti-immigrant AFD – Alternative for Germany – party has scored massive gains in municipal weekend elections which reflect growing public anger at the refugee policies of Chancellor Angela Merkel.
The polls for councils in the state of Hesse saw the AFD make significant inroads on the two main established parties – Merkel’s conservative CDU and the centre-left SPD – to come in third with 13.2 percent of the vote, knocking the environmental Greens into fourth place.
Frankfurt CDU politician Markus Frank said: ‘The preliminary result of the AfD is frightening. I had expected a maximum five percent.’

Where does this voter anger come from ?

Maybe it is one manifestation of the Principle Agent Problem.

Read more