Showing posts sorted by relevance for query childish. Sort by date Show all posts
Showing posts sorted by relevance for query childish. Sort by date Show all posts

Thursday, 1 November 2012

Grow up, Mr Hickey

Mark Hubbard calls out Bernard Hickey for yet another childish swipe at efforts by governments, however lack-lustre, to either repay or avoid further debt--to both of which Big-Govt Bernie is apparently opposed.

In Bernard’s item number one this morning], looking at the continuing train wreck of Greece, he says:

        “…the debt debacle is getting even worse in Greece, forcing the Germans to think about
            stumping up yet more money.
           “
The austerity medicine is clearly not working.”

Really? It took Greece, and all the other Keynesian basket-cases, sixty and seventy years of irresponsible government spending to [reach their current position of indebted servitude]. In the face of such long term insanity, who seriously believes that just one year of austerity was going to change anything!?
    Thinking that sixty or seventy years of over-spending can be fixed by one year (or even ten) of (true) austerity, is the sort of childish emoting that got the West in to this mess in the first instance.
    Grow up!

Thursday, 9 June 2022

Beware the Allure of Simple ‘Solutions’


What's 'not seen' by social engineers is generally even more important than what is, explains Don Boudreaux in this Guest Post. Social engineers see only a relatively few surface phenomena, he observes, and remain blind to the astonishing complexity that is ever-churning beneath the surface that goes to create those surface phenomena. They need to turn off their tendency to push their simple coercive solutions at the expense of the freedom that would otherwise solve them.

'Turn off that tendency to coerce,' says Don Boudreaux

Beware the Allure of Simple ‘Solutions’

by Don Boudreaux

The attitudes and opinions of today’s so-called “elite” – those public-opinion formers who Deirdre McCloskey calls “the clerisy” – are childish. And not in a good way. Most journalists and writers working for most premier media and entertainment companies, along with most professors and public intellectuals, think, talk, and write about society with less insight than the average toddler.

This sad truth is masked by the one feature that does distinguish the clerisy from young children: verbal virtuosity. Yet beneath the fine words, beautiful phrases, arresting metaphors, and affected allusions lies a notable immaturity of thought. Every social and economic problem is believed to have a solution, and that solution is almost always superficial.

Unlike children, adults understand that living life well begins with accepting the inescapability of trade-offs. Contrary to what you might have heard, you cannot “have it all.” You cannot have more of this thing unless you’re willing to have less of that other thing. And what’s true for you as an individual is true for any group of individuals. We cannot support governments artificially raising the cost of producing and using carbon fuels, for example, unless we are willing to pay higher prices at the pump and, thus, have less income to spend on acquiring other goods and services. Equally, we cannot use money creation to ease the pain today of COVID lockdowns without enduring the greater pain tomorrow of inflation.

While children stomp their little feet in protest when confronted with the need to make trade-offs, adults accept the necessity of trade-offs. Except, of course, for those childish adults who are paid-up members of the clerisy.

No less importantly, adults -- real adults, those who understand this point -- are not beguiled by the superficial. They understand that not everything immediate noticeable is always important, and that -- all too frequently -- it's the things we don't see that are more important. Especially when the latter cause the former.

Pay close attention to how the clerisy (who are mostly, although not exclusively, Progressives) propose to ‘solve’ almost any problem, real or imaginary. You’ll discover that the proposed ‘solution’ is superficial; it’s rooted in the naïve assumption that social reality beyond what is immediately observable either doesn’t exist or is unaffected by attempts to rearrange surface phenomena. In the clerisy’s view, the only reality that matters is the reality that is easily seen and seemingly easily manipulated -- and manipulated, always and everywhere, with coercion. The clerisy’s proposed ‘solutions,’ therefore, involve simply rearranging, or attempting to rearrange, surface phenomena by means of the government's guns.

  • Do some people use their own guns to murder other people? Yes, sadly. The clerisy’s superficial ‘solution’ to this real problem is to outlaw private guns (which ignores that this tends to leave guns in the hands of outlaws). 
  • Do some people have substantially higher net financial worths than other people? Yes. The clerisy’s juvenile ‘solution’ to this fake problem is to heavily tax the rich and transfer the proceeds to the less rich (ignoring that there are too few rich to make the coercive transfer worthwhile, while reducing incentives for the less rich to get rich themselves). 
  • Are some workers paid wages that are too low to support a modern family? Yes. The clerisy’s simplistic ‘solution’ to this fake problem – “fake” because most workers earning such low wages are not heads of households – is to have government prohibit the payment of wages below some stipulated minimum (ignoring that this tends to price marginal workers out of all employment altogether).
  • Do some people suffer substantial property damage, or even loss of life, because of hurricanes, droughts, and other bouts of severe weather? Yes. The clerisy’s lazy ‘solution’ to this real problem focuses on changing the weather by reducing the emissions of an element, carbon, that is now (a bit too simplistically) believed to heavily determine the weather.

I could go on ... and I will.

  • Do prices of many ‘essential’ goods and services rise significantly in the immediate aftermath of natural disasters? Yes. The clerisy’s counterproductive ‘solution’ to this fake problem (“counterproductive” and “fake” because these high prices accurately reflect and signal underlying economic realities) is to prohibit the charging and payment of these high prices. 
  • When real inflationary pressures build up because of excessive monetary growth, are these pressures vented in the form of rising prices? Yes indeed. The clerisy’s infantile ‘solution’ to the very real problem of inflation is to blame it on greed while raising taxes on profits.
  • Is the SARS-CoV-2 virus contagious and potentially dangerous to humans? Yes. The clerisy’s simple-minded ‘solution’ to this real problem is to forcibly prevent people from mingling with each other.
  • Do many youngsters still not receive schooling of minimum acceptable quality? Yes. The clerisy’s lazy ‘solution’ to this real problem is to give pay raises to teachers and spend more money on school administrators.
  • Do some American workers lose jobs when American consumers buy more imports? Yes. The clerisy’s ‘solution’ is to obstruct consumers’ ability to buy imports. Are some people bigoted and beset with irrational dislike or fear of blacks, gays, lesbians, and bisexuals? Yes. The clerisy’s ‘solution’ to this real problem is to outlaw “hate” and to compel bigoted persons to behave as if they aren’t bigoted.
  • Do many persons who are eligible to vote in political elections refrain from voting? Yes. The ‘solution’ favoured by at least some of the clerisy to this fake problem – “fake” because in a free society each person has a right to refrain from participating in politics – is to make voting mandatory.

The above list of simplistic and superficial ‘solutions’ to problems real and imaginary can easily be expanded.

The clerisy, mistaking words for realities, assumes that success at verbally describing realities more to their liking proves that these imagined realities can be made real by merely rearranging the relevant surface phenomena. Members of the clerisy ignore unintended consequences. And they overlook the fact that many of the social and economic realities that they abhor are the result, not of villainy or of correctible imperfections, but of complex trade-offs made by countless individuals.

Social engineering appears doable only to those persons who, seeing only a relatively few surface phenomena, are blind to the astonishing complexity that is ever-churning beneath the surface to create those surface phenomena. To such persons, social reality appears as it does to a simple child: simple and easily manipulated to achieve whatever are the desires that motivate the manipulators.

The clerisy’s ranks are filled overwhelmingly with simple-minded people who mistake their felicity with words and their good intentions for serious thinking. They convey to each other, and to the unsuspecting public, the appearance of being deep thinkers while seldom thinking with more sophistication and nuance than is on display in every classroom of toddlers today.

* * * * 

Don Boudreaux is a senior fellow with American Institute for Economic Research and with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University; a Mercatus Center Board Member; and a professor of economics and former economics-department chair at George Mason University. He is the author of the books The Essential Hayek, Globalization, Hypocrites & Half-Wits, and his articles appear in such publications as the Wall Street Journal, New York Times, US News & World Report as well as numerous scholarly journals. 
He writes a blog called Cafe Hayek and a regular column on economics for the Pittsburgh Tribune-Review. Boudreaux earned a PhD in economics from Auburn University and a law degree from the University of Virginia.
A version of his post first appeared at the American Institute for Economic Research blog.

Monday, 1 February 2010

A first-day-of-the-month ramble [updated]

Over January I’ve indexed a few stories and websites to talk to you about, but never had the time.  So here they are now.

 

  • “I was at the mall the other day and overheard a mother tell her 2-3 year old: ‘Stop doing that! You're old enough to know better than that!’”  But isn’t that kind of a stupid thing to say to a kid?
    Old Enough to Know Better – RATIONAL JENN
  • More on the collapsing warmist “consensus.”  “Despite the claims of the Nobel Prize winning UN IPCC AR4 report of 2007, there is no evidence that the warming of the late 20th Century caused an increase in the frequency of natural disasters!” None at all.
    Does Global Warming Cause More Natural Disasters?    - OBJECTIVIST INDIVIDUALIST
  • Yet more evidence that the IPCC cooked the books. . . its 2007 claim that global warming could ‘devastate African agriculture’ is just another one busted by real science.
    The IPCC scandal: the African data was sexed up, too – ANDREW BOLT
  • And more. 
    Nicholas Stern’s figures were false, too – ANDREW BOLT
  • Since I link to Andrew Belt so often on some topics, I need to point out that despite his many virtues he’s still insufferably xenophobic.  He wrings his hands about “boat people” (i.e., human beings escaping tragedy) arriving in Australia in “ever-increasing numbers.” Yet those numbers show . . . what, exactly? That last year there were just 589 arrivals of “boat people” in a country that could fit 100 million.  Bolt needs to buckle up his inner bigot, I’d say.
    Two more in two days – ANDREW BOLT
  • January 31st is Mario Lanza’s birthday, and since it’s still January 31st in the US and UK, here’s a birthday tribute: Mario (below) in his greatest role, as The Great Caruso. And Lindsay Perigo re-delivering his own birthday tribute from a few years back.
    Happy Birthday Mario! – LINDSAY PERIGO

  • Is there any reason, any reason at all, that “that one's religious beliefs, should be respected and not subjected to criticism or satire”?  H.L. Mencken didn’t think so.
    Mencken, Islam, and Political Correctness – Edward Cline, CAPITALISM MAGAZINE
  • How to handle all those blog-comments trolls, eh? “Jeffrey Weiss ponders the question of whether the lack of civility evident in the comments section reflects the fact that in the modern age we are becoming psychopaths willing to trade our humanity for a few moments of negative attention. . . Weiss wonders whether or not the comments section isn't an intellectual commons, and thus confronts the same problems that all commons face.”
    Blogology 101: The Important Role of Shaming – COORDINATION PROBLEM (formerly THE AUSTRIAN ECONOMISTS)
  • Should Twitter bear this Victor Hugo quote above its portals?
    "To speak with oneself aloud is to carry on a conversation with the god within."
    New Twitter Motto – NEARBY PEN
  • While the anti-employment zealots talk up a minimum wage rise in a time of economic penury, Eric Crampton has a few minimum-wage facts for the non-zealots to contemplate.
    Minimum wage - empirics  - OFFSETTING BEHAVIOUR
  • UPDATE: And Eric has another minimum –wage reality check today.
    Minimum wage - poorly targeted – OFFSETTING BEHAVIOUR
  • A panel of 22 libertarian luminaries from Brian Caplan to Leonard Liggio suggest their best ten pro-liberty books of the decade.  Definitely a strong list, but what have they missed?
    Top Ten Pro-Liberty Books of the Decade  - ATLAS ECONOMIC RESEARCH FOUNDATION
  • “Art works best when it celebrates the godlike in us: and this is just what so many contemporary artists fail to do.” Does God really have all the best art?
    The human, above all – THE GUARDIAN
  • landscape-footbridge Landscape painting includes “not only spacious skies, amber waves of grain and purple mountains’ majesties, but seascapes and cityscapes.” So why have “landscapes have often been rated second-class compared to history and narrative paintings, or indeed any paintings with human figures. How did this attitude develop, and what message or meaning can landscapes offer?” [Hat tip Michael Newberry]
    Landscapes: History and Significance by Dianne Durante – FORGOTTEN DELIGHTS
  • National Geographic writer and explorer Dan Buettner shares what the world's longest-lived peoples have in common. Buettner condensed the findings into nine easy-to-remember lifestyle habits.
    Presentation: 9 ways to live better, longer, happier – PRESENTATION ZEN
  • Andrew Bernstein’s brilliant argument that the Enlightenment, the Industrial Revolution and the Inventive Period demonstrate conclusively that conventional morality must be urgently overturned. Read about “the revolutionary identification that has finally, after 2500 years of the history of philosophy, tied values – and by that means, ethics – to facts. Morality is now a science, a field of objective, rational, fact-based analysis; it is no longer a matter of will or whim or desire – whether social or personal.”
    Dr. Andrew Bernstein: 'The Nature of the Good'  - SOLO
  • Chris Trotter’s post justifying soaking the rich is is so disgracefully full of holes it cries out for a good fisking,  Who’s up for it?
    Justifying Progressive Taxation – CHRIS TROTTER
  • And you thought New Zealand was bad.
    UK Employer told not to post advert for 'reliable' workers because it discriminates against 'unreliable' applicants
  • Another reason to despise Avatar. “It isn’t until Jake’s final voice-over that we discover that, what do you know Earth’s dying and this mineral [that the earthmen are ‘raping’ the blue planet for] would have saved it.”  So we’re meant to hate the humans. Hate them just as much as Avatar’s screenwriters hate basic plotting.
    Review: Avatar – CINEMA VERDICT
  • Did Republican Scott Brown really say this the day after his landscape-changing election victory in Massachusetts, in which he surfed the wave of anti-Obamacare sentiment? “We're past campaign mode: I think it's important for everyone to get some form of health care. So to offer a basic plan for everybody I think is important. It's just a question of whether we're going to raise taxes, we're going to cut a half at trillion from Medicare, we're going to affect veterans' care. I think we can do it better."  Uh, yes he did.  Just another politician who thinks “campaign mode” means “time to lie.”
  • God’s Control Panel must be something to see, don’t you think?

gods_bttns

  • Ludwig_von_MisesLudwig von MIses (right) would neither recognise nor endorse much of of what appears at the Institute that bears his name.  The Online Literature of Liberty however offers you the chance to recognise von Mises’ genius for yourself with their new Online Guide to his Major Writings.
    A great reference for anybody just getting started on studying his work.
    An Introduction to the Major Writings of Ludwig von Mises – ONLINE LIBRARY OF LIBERTY
  • The murderer of abortionist George Tiller has just been found guilty.  Tibor Machan reflects on the defendant’s ‘argument’ that abortionist’s work, destroying foetuses, justifies their homicide.
    Anti-Abortion Murder or Not – TIBOR MACHAN
  • And finally, I enjoyed discovering that Wild Billy Childish, the Billy Bragg of the Buff Medways, thinks scam artist Damien Hirst and his fellows are all plonkers—as do I. Here was a piece by Childish in the UK’s Latest art magazine:

    My contention is that the contemporary art scene is
    cynical, marketed rebellion. far from being
    innovative, vital and avant-garde, it bears direct
    comparison
    with the Victorian salon and treats art in very much
    the same way: as rich man’s sausages.

    Encrusting a platinum scull with diamonds to belie the
    artist’s fear of death - and gratify his obsession
    with wealth - lends a certain hollow glamour to a news
    bulletin and prospective sausage buyers, but does
    nothing for the poetic heart.

    To popularize art, as Tate modern endeavours to do, is to
    completely miss the point of art, which is not to
    compete with fashion and pop music but to add depth
    and resonance to the lives of people living in an ever
    flimsy and ephemeral world.

    Popularizing a trip to the gallery by turning the
    gallery into an amusement park is not a victory for art
    but a victory for amusement parks.
    Likewise, popularizing a trip to the gallery by turning
    the gallery into the scene of a car accident is not a
    victory for art but a victory for base and morbid
    curiosity.

    The contemporary artist needs to understand that
    although amusement and morbidity are part of our
    experience of life and art, life and art are not are
    not merely amusement and morbidity:
    Art is a personal and transmuted representation of
    experience, not merely the repetition of the experience
    itself, or the lazy artists sausagey finger pointing at
    it.

    If you like, it dose not nurture the suffering soul to
    present it with a shit in bowl.

    Art that enriches our lives requires a commitment and
    love and the the touch of the fairies. Art needs to
    bring beauty into life but not glamour. To stay awake
    the artist purposefully sits on the wrong end of the
    see-saw.
    Billy Childish. 6.6.07

    ‘Isn’t it a miracle what so much money and so little ability can produce,” says critic Robert Hughes of Hirst’s work, before interviewing one the men who bestows so much moolah on the moron.

Friday, 9 December 2011

Friday Morning Ramble: From the childish to the ridiculous

Morning readers.  Here’s a few things that interested me. They might grab you too.  But first, a message from our sponsor:

To take ideas seriously means that you intend to live by, to
practice, any idea you accept as true.
- Ayn Rand

  • Labour’s David Parker explains how government turns $150 million into $33 million.
    Reserve Generation – O F F S E T T I N G   B E H A V I O U R
  • Dim Post rewrites classic Kiwi literature as if written by celebrated Herald columnist Shelley Bridgeman.
    Shelley writes the classics -  D I M   P O S T
  • “With the demise of ACT and the disappearance from Parliament of oddballs and eccentrics like John Boscawen and Hillary Calvert, NZ First is stepping up and filling the void.” Thank goodness.
    "You talkin' to me?" – I M P E R A T O R   F I S H
  • Despite their party’s relative electoral success, not all Greens were happy campaigning on holidays swimming in rivers, pink batts for children, and jobs constructing windmills.
    Back of the brain niggles – G    B L O G
  • Surprise, surprise. Christchurch’s council did everything they could to stop Christchurch’s volunteer hero.
    Civil society and earthquake recovery – O F F S E T T I N G     B E H A V I O U R 
  • Letter of the week in The Press: “Remember every time you enjoy a latte … you are lucky to have the benefits of capitalism,” begins The Press’s letter writer of the week…
    In praise of capitalism – H O M E   P A D D O C K 
  • How Occupy Wall Street reduced the unemployment rate.
    http://ht.ly/7NbwU
  • The British Industrial Revolution: A Tribute to Freedom and Human Potential.
    http://bit.ly/uIy2Pn
  • 5 Reasons Money Can Buy Happiness. [Hat tip Stephen Hicks]
    5 Reasons Money Can Buy Happiness -  C R A C K E D
    http://www.cracked.com/blog/5-reasons-money-can-buy-happiness/. A
  • Why stimulus fails. A case study.

    • Germany's finance minister, Wolfgang Schäuble  admits the Euro bail-out fund won't halt the Euro crisis—but sees this as too good a crisis to waste: he’s talking political union. "We can only achieve a political union if we have a crisis," Mr. Schäuble said.
      Wolfgang Schäuble admits euro bail-out fund won't halt crisis  - T E L E G R A P H
      Wolfgang Schäuble seeing opportunity in Europe's crisis -  N E W   Y O R K   T I M E S
    • “I watched the ECB announcement press conference last night. You can find it below. I recommend you watch it in full. The Q&A session at the end contains the most important parts. After watching it,  I am still in shock.”
      Europe’s last hope collapses -  Z E R O   H E D G E
    • It had to happen…
      Hitler Hears About The Collapse Of The Eurozone … Z E R O   H E D G E
    • Government debt, aka sovereign debt, used to be thought of as a risk-free investment.  That’s one theory that’s now been thoroughly exploded by reality.
       The Risk of Sovereign Debt – David Howden,  M I S E S   E C O N O M I C S   B L O G
    • Keynes vs Hayek was the economic “Fight of the Century.” Yet it is said Hayek abandoned the fight after Keynes published his General Theory. Or did he?
      Hayek’s Critique of The General Theory: A New View of the Debate between Hayek and Keynes
      -  David Sanz Bas, Q U A R T E R L Y   J O U R N A L   O F   E C O N O M I C S
    • Detlev Schlicter’s well-reasoned warnings about the coming collapse of paper money have made the pages of The Guardian! Paul Mason, BBC Newsnight's economics editor (and the guy who fronted the recent LSE/BBC4 Keynes v Hayek radio show), picks Detlev Schlichter's Paper Money Collapse as one of his five economics books to give people for Christmas. [Hat tip Samizdata]
      Books for giving: economics – T H E   G U A R D I A N
    • Want to understand Detlev’s argument without buying his book? Then try this:


    • Peter Schiff dismantles the many economic fallacies in Obama's latest speech, ending with this important point:
      "The reason the middle class is getting squeezed [and] the reason [it] is disappearing is because those freedoms that created it are also disappearing. It's because the 'simple theory' [of capitalism] has been abandoned by so many people and replaced with this nonsense that President Obama believes in, and of course the more we pursue these policies, the more people are going to leave the middle class and the more people will be impoverished." [Hat tip Objective Standard]


    • Here’s a link to Ross England’s winning entry in the U.S. Atlas Shrugged Essay Contest. Note to local Objectivists: Time to start organising for the local competition next year, right?
       I Won!/Read Atlas Shrugged!  -  T H I N K   T W I C E 
    • "Who says Public Goods can't be financed without taxes? Here's 15 ways to fund roads and healthcare without forced coercion from the State. Let's be more imaginative.”
      Financing of Public Goods in a Free Market Society –  B L A Z I N G    T R U T H
    • Pirate radio stations were free-market heroes, bashing down ridiculous government restrictions on radio broadcasting by taking their signal out into international waters to escape the grey ones. But what if you could do the same thing to get around ridiculous immigration restrictions?
      New Startup Hopes to House Immigrants in International Waters –  M O T H E R   O F   E X I L E S
    • A scientist explains in layman terms “why rather than being a refutation of factual knowledge, quantum physics is a testament to the fact that knowledge is possible, and can be obtained with certainty."
      The Certainty in Quantum Physics – W I T   L A B
    • When I was a child, I spoke as a child, I understood as a child, I thought as a child: but when I became a man, I put away childish things. Except no-one puts them away entirely. Nor should they. Here’s The Damned, and they’re playing Auckland in January.

    • And so are the Dresden Dolls…

    • And to close with something completely different, from the finale of Wagner’s opera Siegfried ( on screen around the country this weekend) here’s the dawn. And if you’re wondering why she’s sleepy, well, you would be too if you’d been awakened after an eighteen-year sleep. “Hail the Sun!”

    Thanks for reading
    Have a good weekend
    PC.

  • Wednesday, 17 August 2016

    Western values both in evidence and in decline in today’s UK [updated]

     

    “Political correctness is fascism
    pretending to be manners.”

    ~
    George Carlin

    Good law should allow free speech including the display of religious symbols. It should disallow theocracy, sharia and incitement to murder. This is what western values look like in this context

    What does this look like in practice? This week in Britain offers two ideal instances of what to do, and what not to do.

    Here’s what to do:

    Hate1

    "Choudary and his co-defendant, Mohammed Rahman, 33, told their supporters to obey Abu Bakr al-Baghdadi, the Isis leader, who is also known as a caliph, and travel to Syria to support Islamic State or “the caliphate”, the court heard. They were convicted in July but details of the trial, including the verdict, could not be reported until now."

    Choudary and his co-defendant were inciting and coordinating murder, on the internet and in person. Their arrest of these thugs is long overdue.

    And here’s what not to do:

    Hate2

    Scotland Yard is to set up a £1.7m “troll-hunting” unit to target online hate crime, it has emerged… “By establishing this unit, we are sending a strong message to those who use online forums to spread hate that their actions will not be tolerated. The Metropolitan police service continues to have a zero-tolerance approach to all forms of hate crime. The Met encourages all victims of hate crime to report any incident to the police and will make every effort to hold offenders to account and bring them to justice.”

    Actually, by establishing this unit they are sending a strong message that Twitterers, Facebookers, bloggers et al must conform to whatever views the authorities command them to conform to – that “hate” against scum like Choudary is not wrong, but illegal.

    “Pure rants, very childish [people online] are increasingly criminalised,” explained Frank Furedi, emeritus professor of sociology at the University of Kent, on BBC Radio 4 this morning, “and as a result of that the police is becoming more and more involved in controlling our morality.”

    UK law already outlaws internet activity “causing annoyance, inconvenience or needless anxiety to another.” Today’s announcement gives that vile law more teeth. This is the very opposite of the western values we should be defending. It is very literally fascism pretending to be manners.

    If it means anything at all, free speech includes the freedom to offend. It’s the speech everyone disagrees with that needs the legal protection. Defending speech we agree with is easy; defending opinions we disagree with is hard.

    Harder still is getting back free speech when it’s been taken away. Britain is now well down that treacherous slope.

    UPDATE: Many signs of western weakness made the most of by this piece of murdering shit. Because murdering Sharia merchants always make the most of a vacuum …

    • Choudhary was allowed to claim over £150,000 a year in welfare while inspiring at least 100 British jihadis, ISIS fighters the murderers of drummer Lee Rigby.
    • To “raise viewer numbers,” a complaisant media made this piece of shit their “go to” person for every story on extremism, radicalisation, or Islam. “This not only elevated him in the eyes of some sympathisers, it lionised him in the minds of sympathisers who were overseas who saw him as some form of Muhajideen (or holy warrior), ‘sitting in the land of the disbeliever and standing firm.’ What it did for community relations, was simply to toxify perceptions of wider  British Muslim communities many of whom called for his arrest and conviction many years ago.”
    • And the British Muslim who has been warning the UK for years about Choudhary and his sick anti-western propaganda says the tale has a very important moral:

    Anjem Choudhary’s extremist freefall mirrors what happened to so many within Britain’s Muslim communities throughout the Nineties. Choudhary’s story highlights the dangers of theocratic Islamism morphing into violent jihadism, because that cancer was left unchecked to spread within our communities for so long.
        Once legitimacy rests on who is deemed a“credible” or “authentic” Muslim, the conversation can only slide downhill. It was this “not Muslim enough” game within our communities that Anjem was destined to win. By definition, such a game is stacked in favour of the fanatic. As a nation, we came to tolerate such incredible intolerance. Too many on the left simply assumed Islamism was “Muslim culture, so let’s enjoy it.” Too many on the right said “it’s Muslim culture, let’s keep it at arm’s length,” while Islamists told Muslims “this is your culture, you have no choice but to follow it.” Very few were actively engaged in challenging Islamism, as they would racism or antisemitism.
        Mass calls for a caliphate followed by a jihadist murder on London’s streets in 1995 should have acted as a clear warning of the Isis brutality that was set to befall us all. If only there had been civil society resistance against Islamism back when I was 17. Perhaps we would not have lost an entire generation to those who laid the groundwork for Isis to reach our continent.

    • And a message from Thomas Sowell for the commentariat to ponder:

    Cp-qp5CWAAAdRie

    .

    Monday, 14 July 2008

    He said "Sloppy"!

    I have to say it's always amusing to hear Winston Peters lambast his accusers by calling them "lazy," guilty of "sloppy journalism" and claim the evidence against him is just "malicious lies." It's doubly amusing -- since as everyone knows this is a man who is a complete stranger to details with a near-total aversion to hard work, who can't lie straight in bed.

    The primary problem Peters now faces is his own "sloppiness" with the truth (did the Cook Strait ferry ever run aground as he said it did? was anything ever found at the bottom of the Winebox as he claimed? did he really refuse the baubles of office as he promised? was the man with the illegal Winston First sign just "an enthusiastic supporter" who Winston said he didn't know? did Owen Glenn ever give him money, which Winston said he didn't)*; his own party's sloppiness with donations, and who may or may not have deposited what, and when (or not); and his own abject dishonesty in stealing money from the taxpayer to fund his last election campaign, and his childish games ever since in refusing to pay it back.

    "Sloppy"doesn't begin to describe the dishonest poseur.

    Here's Devo with a song for Winston: 'Sloppy.'

    UPDATE 1: The Hive suggests the last job for the Serious Fraud Office before its demise should be investigating the Glenn loan or non-loan to NZ First. That would certainly motivate the SFO troops!

    UPDATE 2: The conspiracy theories have started. I just received this in my inbox:

    Now, I might be drawing a long bow here, but what if OG’s donations to NZ First were a set-up from the start?
    What if he made donations under the direction of the Labour Party to NZ First as an insurance scheme for Labour?
    Maybe, Peters either knew about the money but wanted to keep it quiet – why, we don’t know. It seems odd seeing he backed the EFB.
    Or, Peters didn’t know about the money, it arrived in NZF’s bank account anyway, and Winston has been made to look a fool when OG comes out stating that he gave NZ First money.
    Peters is caught with his fly down after denying the donations publicly, and Clark and Labour cut Peters loose when he looks like he’s becoming a liability.
    A year or two ago I wouldn’t have considered something so outlandish, but after seeing Labour in action, I think nothing is beyond the realms of possibility.

    Frankly, I think the ability of the Labour Party to organise anything suggests cockup more than conspiracy. But it's entertaining to speculate.

    UPDATE 3: Frankly, you can only laugh when you hear Helen Clark saying it's not her job to investigate since Winston Peters's problems are "not the Labour Party's business" and she is "not a private police force" as she did just now on Newstalk ZB, since in the last nine years every goddamn thing anyone in this country does has been deemed to be "the Labour Party's business" -- that is, every goddamn thing except the behaviour of her cabinet ministers -- and she and those same cabinet ministers have unleashed unprecedented police power against productive, hard-working New Zealanders and their families.

    And she might reflect too that If she's used the phrase "not the Labour Party's business" more liberally over the last nine years, she might have more support now.

    ---------------------------------------------------------------------------

    * The answer to all of these is of course the very opposite of what Winston said was the case. When it came to the crunch, it was found Winston had no evidence to back up any of his self-serving tilts at the headlines, or to do what he said he would -- and now the emails have come out between Owen Glenn and his PR man, they seem top confirm Dail Jones's claim last year that a donation of around $100k was deposited into the NZ First back account in December last year.

    Wednesday, 14 May 2014

    Russel Norman had a bank, e-i-e-i-o [update 2]

    image

    Russel Norman had a bank, e-i-e-i-o
    And in that bank he put our cash, e-i-e-i-o
    He stuck in his thumb, and pulled out a turkey …

    Apologies for the bastardised nursery rhyme, but it operates on the same sort of childish absurdity as Russel Norman’s inept idea of a “Green Investment Bank” that takes money from (profitable) miners and fossil fuel producers to gift to (unprofitable) “green energy” producers.

    The idea of course is based – as all government “industry policies” do – on government picking winners who turn out to be losers.

    Norman’s scheme suffers at root from the same problem as Labour’s Housing Policy: it relies for its ongoing sustainability on a programme making profits that it just can’t and doesn’t make.

    Tuesday, 4 March 2025

    "...a thin-skinned, malicious toddler with poor impulse control."

     

    "So even if you think Zelenskyy made a fatal error by actually telling the truth about the predicament his nation finds itself in, even if you think the mineral deal—with no security guarantees—is brilliant, the fact remains that the administration mishandled the situation. Remember, Zelenskyy is a politician too. And for the better part of an hour he was asked to sit there as Trump painted a false moral equivalence between Russia and Ukraine and was dismissive of Ukraine’s plight and the history that led to this. If you actually want a deal, maybe don’t do that in public? I mean, the Ukrainians are watching too.
        "In response to Zelensky’s bait-taking, [commentator Rich] Lowry says that Zelensky 'made an excellent point, but he wasn’t there to be right or to win an argument.' Fair enough. But this is yet another situation where others are to blame for not fully adjusting to the fact that Trump is a thin-skinned, malicious toddler with poor impulse control. It’s always someone else’s fault for not enabling or humouring him sufficiently.
        "You know who knows Trump is easily baited into childish outbursts? J.D. Vance. And either out of cynicism or petulant incompetence, he acted on that. ...

    "This disaster never should have been possible in the first place. [For starters, this was supposed to be a photo op. Lots of arguments happen behind closed doors between world leaders. They were supposed to head into a meeting to hammer out the details on this mineral deal. Instead, Trump took 40 minutes of questions, some from MAGA loyal 'journalists' who asked him stuff like how he mustered so much 'moral courage' and what not. But then,] Trump’s position is that we should make a profit over Ukraine’s misfortune. That’s why he insists America should get its money back 'plus.' As in we should get back the '350 billion' we gave to Ukraine (a wildly inflated and inaccurate numberTrump cannot be talked out of using) plus a little extra for our troubles.
        "That’s grotesque.
        "Even as a rhetorical negotiating ploy, it’s grotesque. In his inaugural address, John F. Kennedy Jr. said, 'Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe to assure the survival and the success of liberty.' That might have been overly grandiose, but it was directionally right for the leader of the free world to draw those lines. Trump’s—and most emphatically Vance’s—position is 'We might help you out, we might not. It all depends on our cut'."
    ~ Jonah Goldberg from his op-ed 'Dishonor and Incompetence in the Oval Office'

    PS: From Paul Wells: 

    "Donald Trump’s empty heart makes him crave a breathtaking amount of sucking up, all the time.
        "The big thing that everyone noticed when the sucking up became too insufficient, was that Trump and JD Vance jumped Volodomyr Zelensky in the Oval Office because, Vance said, Zelensky is ungrateful for American support. On that score, here is video of Zelensky thanking America again and again and again, for years:

    Monday, 10 December 2007

    MEMO: To Greens' co-leader Russel Norman

    The Greens are  right behind Labour's Electoral Finance Bill.

    The Greens say if it was in any way an attack on free speech, they  wouldn't be supporting it.

    Sadly, with this press release complaining about the Herald's deletion of a paragraph of misspelled childish whinging, you demonstrate that you don't know free speech from a hole in the ground.

    In calling a simple editorial decision "censorship," you are either disingenuous or deluded.  Either way, you fully deserve derision.

    MEMO:  Censorship is interference by the state in the expression of ideas.  It is not censorship if a free agent, eg., a newspaper, decides to edit or reject your copy.  There is nothing in the principle of free speech requiring that I provide you with a megaphone, or the Herald provide you with a platform   A private network refusing to publish your views is not censorship - it is their choice.  A private newspaper editing your ill-thought maunderings is not censorship, it is good judgement.

    However, it is censorship if a government uses legal force to ban speech, especially political speech.  It is censorship if a government places a limit on the amount of political speech one is allowed one year in three.   It is censorship to require registration with a government agency before exercising political speech.  It is censorship if politicians can slag off private citizens one year in three with all the power of parliamentary privilege at their disposal, whereas to defend themselves those citizens will be required to file declarations about who their supporters and donors are and to keep an account of expenses to ensure they don't exceed some arbitrary amount (see here for example). 

    It is disgusting that some people under the Electoral Finance Bill will be barred from fully exercising free speech one year in three while being forced to fund the megaphones of their opponents.  And it is enlightening, Russel, that you are right behind that.

    As a former Green voter said to me at the most recent Anti-Electoral Finance Bill march, "I didn't vote Green for this!"

    Just to help you out, Russel, here are some propositions on free speech on which you could do with some brushing up.  Why not print them out and hang them up on your wall, and then hang your head in shame at what you're about to help ram through.

    Perhaps the most important principle for you to get your head around is this: Without the freedom to offend, it doesn't exist.  If you're offended by people donating to other parties who support their views, then get over it, and get some better ideas yourself.  Don't try to screw the scrum to enforce your own views on us at our expense, especially not while supporting the censoring views of that offend you.

    UPDATE 1: By the way, readers can send your own memo to the semi-literate deluded whinger here at the Green's Frog Blog, where' he's reproduced his press release --  complete with spelling errors...

    UPDATE 2: An anonymous commenter makes the perfect point about Russel's whinging: "

    So Russel complains about having his rebuttal capped at 200 words (the same as everyone else)?
    Welcome to your level playing field, Russel.

    Thursday, 8 August 2024

    It's the age of the Neotoddler protestor


    Young men riot in Sunderland (Drik/Getty Images)

    "Across the West, protests are getting larger, more frequent and more disruptive. Over the weekend, the UK saw nationwide anti-immigration riots in which mosques and other buildings were set aflame. A few days before that, Just Stop Oil activists sprayed orange paint in the world’s second-busiest airport, Heathrow. The week before, as Israeli Prime Minister Benjamin Netanyahu addressed the US Congress, pro-Palestine activists rioted in Columbus Square, vandalising memorials and releasing a swarm of maggots and worms in his Washington hotel.
        "These are just the latest examples of a growing trend of shock-activism that combines political protest and public nuisance. Ostensibly, they are carried out by distinct groups motivated by a particular cause, such as immigration, the environment, or Palestine. In reality, however, all are animated by the same, self-destructive ideology: neotoddlerism....
        
    "[T]he ease with which theatrical behaviour goes viral online has convinced many that a better world doesn’t require years of patient work, only a sufficient quantity of theatrics. Many activists — on both the Left and Right — now hope to bring about their ideal world in the same way a spoiled brat acquires a toy they’ve been denied: by being as loud and hysterical as possible. This is neotoddlerism: the view that utopia can be achieved by acting like a three-year-old....

    "Instead of trying to produce the best arguments, neotoddlers try to produce the most shocking video clips, which typically involve vandalism, desecration, or some other kind of public meltdown. Thus, they outrage others by embracing their own outrage and lashing out at the world. ...

    "Not only do neotoddlers lack impulse-control, they also mistake their lack of impulse-control for morality, and mistake the impulse-control of others for callousness. 'Where is the outrage?' they commonly yell, demanding everyone be as irrational as them. For the neotoddler, impatience is a virtue. ...

    "They therefore don’t have the means to create, only to disrupt.
        "And so they disrupt, with the goal of spreading awareness. Yet ... for all the issues they protest about — from immigration to climate change — the problem is not a lack of awareness; it’s a lack of solutions. We don’t need to be told that war, injustice, and pollution are bad, because we learned these lessons in primary school. What we need are realistic plans of action — but the neotoddlers have none. A 'ceasefire now!' would quickly be broken by Hamas. To 'just stop oil!' would be to cause Western civilisation to regress technologically into an age of famine, war and superstition. On immigration, the Government can’t just 'get them out'. ...

    "But if nuisance-protests are counterproductive, why are they spreading? Because protests are usually motivated more by emotion than reason. Take the recent Southport riots. These have been driven not by any rational plan but by the frustrations of Right-wingers and ordinary working-class people about their concerns over immigration not being taken seriously by politicians. These frustrations, stoked by fake news, have led them to engage in infantile — and dangerous — actions like vandalising mosques and setting fire to police cars, which will hurt their cause more than help it. But it does make them feel good for the moment, and they live mostly for the moment.
        "As for Left-wing neotoddlers, their motivations tend to be more complex (but no less childish) than those of their Right-wing counterparts, because, instead of being impoverished and alienated, they tend to be privileged and popular. For instance ... Gaza campus protests were largely confined to the most expensive and elite colleges. And Just Stop Oil members are themselves quick to admit that their movement is 'privileged' and living in a white middle-class 'student bubble.' ...

    "Unsurprisingly, the harm neotoddlers cause to liberal democracies has endeared them to foreign dictators. The Ayatollah developed a soft spot for the Ivy League campus protesters, cheerleading them on X, and even writing them a letter of support. It also recently transpired that Iran has been funding and directing activists across the US, and that they even masterminded an anti-Israel protest at McGill University in Canada. Closer to home [in the UK], the misinformation that caused the Southport riots was amplified by a fake news website linked to the Russian government. ...

    "There is a way out. The solution to neotoddlers is the same as the one to regular spoiled brats: to ignore their outbursts and deny them attention. If someone sets fire to a car or makes a mess with orange paint, it shouldn’t make global or even national news. The media will stop reporting on these stories when we stop engaging with them. ... So we should learn to react more slowly to news, to pay attention to what we pay attention to, and to give more of our attention to behaviours we wish to encourage rather than those we disapprove of. It’s not just the neotoddlers who need to be less impulsive, we do too. ...

    "Every child begins life throwing tantrums. And every good parent learns to ignore them, because they know that acknowledging attention-seeking behaviours validates them, and prevents their kids from outgrowing them. If we wish to stop seeing good causes ruined by bad actors, we must stop rewarding immaturity. If we wish to usher in an age of post-toddlerism, we must stop making neotoddlers famous."

    Thursday, 11 June 2015

    What Led to the Magna Carta? War and Taxes

    Rapacious royalty in the run-up to Runnymede
    Guest post by Larry Reed

    June 15, 2015, marks 800 years since a fateful day along the River Thames just twenty miles west of central London. It’s a good thing to note such anniversaries. They encourage us to discover things we should have learned or should never have forgotten.

    It was on this date in 1215 that powerful nobles famously compelled the English monarch to sign and seal the Magna Carta, Latin for “Great Charter.”

    Most people possess at least a vague sense that the event had something to do with human liberty, but it’s doubtful they know that it was provoked primarily by two brothers and two calamities.

    The brothers were named Richard and John. The calamities were war and taxes.

    It all started on September 3, 1189 — twenty-six years before that day at Runnymede. Richard “the Lionheart” was crowned King of England and spent almost all of the next ten years outside the country, crusading in the Middle East on behalf of an imaginary friend, and then battling in Normandy to hold on to England’s claim against lands in France.

    His adventures didn’t come cheap.

    In his first year on the throne, Richard imposed the “Saladin Tithe” and other exactions to help pay for his crusading — thus boosting the tax burden by nearly 50 percent. Heavy levies were dumped on land-owners even for permission to marry or to inherit wealth.

    Then in 1192 as Richard was on his way home from Jerusalem, he was captured and held for ransom in Germany by the Holy Roman Emperor, Henry VI. The phrase, “a king’s ransom,” likely originates from the price Richard insisted his subjects fork over to free him.

    Back in England, Richard’s mother (Eleanor of Aquitaine) collaborated with her allies in government to collect the money.

    Dan Jones in his 2014 book, Magna Carta: The Making and Legacy of the Great Charter, writes:

    Together, they worked Europe’s diplomatic channels, found hostages and ships when these were demanded by the king’s captors, levied a 25-percent tax on income and movables, requisitioned a whole year’s supply of wool from England’s Cistercian abbeys, and followed up Richard’s personal request for English churches to send ‘the whole of the gold and silver’ that they kept, which he promised to return on his release.

    With the ransom paid, Richard returned to England. Within a matter of weeks, he took off for another five years of war in France until his death in 1199 from a battle wound. A Frenchman using a frying pan for a shield had fired a crossbow and hit Richard in the shoulder. Two weeks later, beset with gangrene, Richard departed this earth. Whatever reward awaited him, it wasn’t tax revenue.

    The throne then passed to Richard’s brother John. Might we expect that John wisely refrained from the war and taxes that made Richard unpopular with many? No. In fact, you ain’t seen nothin’ yet.

    Almost immediately John made Richard seem like Good King . To describe him, Jones employs adjectives like “cruel,” “unpleasant,” “ruthless,” “slippery,” “faithless,” “lecherous,” “wicked,” “petty” and “interfering.”

    He cites a contemporary of John’s, the writer Ralph of Coggeshall, who deplored John’s “small-minded viciousness” and his “childish habits of ridiculing his subjects and laughing at their misfortunes.” These were the days before monarchs had PR departments like Hillary’s to soften their rough edges. John even managed to get excommunicated by Pope Innocent III because he couldn’t keep his hands off the Church’s affairs or its money.

    John picked up where Richard left off. Like his predecessor, he spent much of his reign making war in an attempt to regain land in France lost to the French. In For Good and Evil: The Impact of Taxes on the Course of Civilization, economic historian Charles Adams quotes an observer who wrote of the king in 1211: “With occasions of his wars he pilleth them with taxes and tallages unto the bare bones.”

    When he needed horses or wagons or food for his troops, John often just seized the stuff from private owners. Anticipating Nancy “you have to pass it to find out what’s in it” Pelosi by eight centuries, John would sometimes bully subjects to meet his demands immediately in exchange for the promise that they would find out the terms of the seizure later.

    Merchants were mercilessly and arbitrarily targeted for the cash they travelled with from town to town. When he needed a bridge built, he could and did resort to compulsory labour.

    Bled dry by two buffoons in a row, the barons and dukes of England, with the support of just about everybody else, mustered the courage in 1215 to tell John where to get off.

    Among the provisions of the Magna Carta they forced John to sign at Runnymede were these that stemmed from his (and Richard’s) wars and taxes:

    No scutage (a tax paid in lieu of compulsory military service) or other aid is to be levied in our realm, except by the common counsel of our realm.(Clause 12).

    The City of London shall have all its ancient liberties and free customs both on land and on water. Furthermore, we wish and grant that all other cities, boroughs, towns and ports shall have all their liberties and free customs.(Clause 13).

    Neither town nor man shall be forced to build bridges over rivers, except those who are obliged to do so by custom and right. (Clause 23).

    No constable or other royal official shall take corn or other movable goods from any man without immediate payment, unless the seller voluntarily offers postponement of this. (Clause 28).

    No sheriff, royal official, or other person shall take horses or carts for transport from any free man without his consent. (Clause 30).

    All merchants may enter or leave England unharmed and without fear, and may stay or travel within it, by land or water, for purposes of trade, free from all illegal exactions (“evil tolls” by at least one translation), in accordance with ancient and lawful customs. (Clause 41).

    If anyone has been dispossessed of lands, castles, liberties or of his rights, without lawful judgment of his peers, it shall immediately be restored to him.(Clause 52).

    Wherefore we wish and firmly command that the English Church shall be free and that men in our kingdom have and hold all such aforesaid liberties, rights and grants, well and in peace, freely and quietly, fully and completely, for themselves and their heirs, in all things and in all places, in perpetuity.(Clause 63).

    A pivotal moment in the long blossoming of human liberties had occurred.

    It would not be a straight, smooth experience. And God knows that John’s last conflict was hardly “the war to end all wars.” Wars and their attendant taxes, as well as endless encroachments and corruptions of both Kings and Parliaments, would in turn produce endless struggles for the restoration or expansion of liberty in this “sceptered isle.”

    Barely a century after Magna Carta, the Scots would find themselves bludgeoned by England’s Edward I and his son Edward II. In 1320 Scottish nobles issued another critical document in the history of liberty, the Declaration of Arbroath.

    They asserted, 456 years before the Americans in the Declaration of Independence, that it was the duty of the sovereign to rule by the consent of the governed, and the duty of the governed to get rid of him if he didn’t.

    “It is not for honours or glory or wealth that we fight,” they announced, “but for freedom alone, which no good man gives up except with his life.”

    Important principles were put in writing at Runnymede that generations have called upon ever since and from many places. They include the notions that the King ought to ask before he takes and that his subjects aren’t mere dirt he can blithely step on when he pleases.

    Arguably, in the last century or so, the liberties of the British people have eroded substantially as money, power, and welfare statism have mushroomed in Westminster.

    Maybe it’s time for another Magna Carta.

    [Pic from Shutterstock]


    Lawrence W. Reed

    Lawrence W. (“Larry”) Reed became president of Foundation for Economic Education (FEE) in 2008 after serving as chairman of its board of trustees in the 1990s and both writing and speaking for FEE since the late 1970s. 
    This post first appeared at FEE.

    Tuesday, 7 October 2008

    Parlous plonkers right across the media

    Penny Wise at NZBC deplores the local so-called news media; she compares the recent childish reactions of the two main channels to the global economic crisis, which they both treated with all the gravity you'd expect of a story about a cute cat stuck up a tree.

    As she points out, the problem of flatulent content is exacerbated by the plonkers who regularly appear all over most of the media, spreading their expertise like manure across a parched paddock.

    Plonkers like this muppet, a one-time senior political advisor with aspirations to that same job again, who in his most recent blog peddles this crap:  "that Franklin Roosevelt [led] the world out of the Great Depression in the 1930s."

    This is bullshit on stilts upon Acrow props.  Allow me to recommend again to him, and to every other commentator who opens their mouth on this topic just to let the wind blow their tongue around, that they try to divest themselves of the many myths about the Great Depression and about how the world eventually escaped it.

    On the former, Lawrence Reed's 'Great Myths of the Great Depression' is ideal reading.  And on the latter, Mark Skousen's 'Saving the Depression: A New Look at World War II' is the most succinct explanation.

    Print them out and keep them by your phone so you have them to hand when the media come calling.

    Tuesday, 26 October 2010

    QUOTES OF THE DAY: On the GDP Delusion …

    “The whole annual produce of every county is distributed into two great parts; that which is destined to be employed for the purpose of reproduction, and that which is destined to be consumed. That part which is destined to serve for reproduction, naturally, appears again next year, with its profit. This reproduction, with the profit, is naturally the whole produce of the country for that year.”
           
    - James Mill

    “It is possible to determine in money prices the sum of the income or the wealth of s number of people. But it is nonsensical to reckon national income or national wealth. As soon as we embark upon considerations foreign to the reasoning of a man operating within the pale of a market society, we are no longer helped by monetary calculation. The attempts to determine in money the wealth of a nation or of the whole of mankind are as childish as the mystic efforts to solve the riddles of the universe by worrying about the dimensions of the pyramids of Cheops.”
           
    ­- Ludwig Von Mises

    “The gross domestic product (GDP) or gross domestic income (GDI) is a measure of a country's overall economic output...”
           
    - Wikipedia

    “However, GDP is not meant to be a complete measure of all activity and spending in the economy. GDP measures only final output of goods and services. It deliberately leaves out all intermediate production or goods-in-process... Why? ... To include spending at every stage of production would be ‘double’ and ‘triple' counting....”
           
    - Mark Skousen

    “Keynesian macroeconomics is literally playing with half a deck. It purports to be a study of the economic system as a whole, yet in ignoring productive expenditure it totally ignores most of the actual spending that takes place in the production of goods and services. It is an economics almost exclusively of consumer spending, not an economics of total spending in the production of goods and services.”
            - George Reisman