Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago School economists and fellow travelers.
A statistician friend (Dana Farber Institute testing) tells me CoVid19-Projections has been much more accurate than IMHE, and yesterday they put up their state-by-state projections from May to illustrate their accuracy. It holds with what we have seen pretty well, and I like people who are openly willing to be graded in order to get things right.
I will be vacationing at a lakeside cottage until Friday, and so will not be commenting on all of your intelligent musings.
Bob Unanue, the CEO of Goya Foods, had some positive things to say about President Trump…who he called a ‘builder’, and compared with his grandfather, the founder of the company. The usual suspects reacted predictably, not critiquing his comments but rather calling for a boycott of Goya Foods. (I see that the Washington Post has an article suggesting alternatives to Goya products)
This would be a good time to stock up on Goya products. You can find them at your local supermarket, and a selection is also available on Amazon. The company website is here…recipes as well as products.
I posted about this at Ricochet, and someone there mentioned the Facebook page for America’s Test Kitchen, where Goya is apparently rated highly in several products tests. Some guy there demanded ATK take down all recipes and product tests that suggested Goya products. There were over 200 responses on the thread, don’t know what the mix was.
For those who don’t like Mexican food…there is a lot of Latin cuisine worth trying which is quite different from typical Tex-Mex. And Yucatan-style cuisine is rather unique and IMO very good.
The movement toward a fully politicized society continues.
Ask Mr. Jones
Mr. Jones – the title of a movie released last year now playing on Amazon Prime – discovers that the New York Times’ Moscow Bureau and its Pulitzer writer Walter Duranty is covering up Stalin’s starvation of 4 million Ukrainians (16 million relative to today’s global population) to protect the gloss of socialism, later explaining “You can’t make an omelet without breaking eggs”. All the other journalists except Jones apparently go along for the same reason. The death toll of socialist ideology would reach 100 million (300 today) during the next several decades in the pursuit of Utopia. There were no omelets.
Only a few thousand (almost all black) deaths have as yet resulted from prior Black Lives Matter (BLM) Movement protests, but this is only the beginning. The question is, what is their leaders’ version of Utopia and how many lives are they willing to sacrifice to achieve it?
Over the past several centuries two systems of political economy, socialism and capitalism, have competed. The distinguishing characteristic of all socialist variants is the authoritarian hand of politicians, whether or not “elected.” The distinguishing characteristic of capitalism is the invisible hand guiding the competitive market. Neither system promises “equal” outcomes: capitalism “fair” outcomes based on individual merit without eyesight to discriminate by color or sex, socialism in theory based on need as determined by politicians and bureaucrats.
Jonah Goldberg in Liberal Fascism (2008) argues that fascism is a sister to Soviet socialism. What the U.S. has called “crony capitalism” has different features than the fascism of Hitler and Mussolini, but includes authoritarian control over business and markets. Similarly, the welfare state democratic socialism has different features than Soviet socialism, but shares state control over income. The Progressive Movement in the U.S. has historically used the authoritarian political hand to benefit not just the rent-seeking cronies at the top (politicians, the intellectual elite, etc.) but also the working and under-class. The competitive market system that remained somewhat out of the state’s reach produced most of the income and wealth that funded this progressive largesse.
Political power in the hands of the Democratic Party – was indisputably the source of racist oppression from its founding through the Great Society. The black/white wage gap has remained unchanged since for those employed. What has changed is black participation in the labor force. The old generation of eminent Black economists Tom Sowell (90), Walter Williams (84) and Shelby Steele (74) have, in hundreds of books and thousands of articles, many addressing the issue of race in America, argued that the Great Society has been the source of income and wealth disparities by creating dependence on the welfare state, massive penalties for marriage (raising the percent of live births outside of wedlock from 10% to over 70%) and work (a marginal tax rate over 100% on earned income), restrictive policies such as minimum wage, and opposition to charter schools.
