The Business Roundtable

Their compliance and subjugation to this class warfare rhetoric perpetuates the giant lie of the social justice warriors; that their wildest spending programs can be borne by a narrow band of the extremely wealthy.  If the middle class understood how much their share of the bill would be, they would lose in a McGovern style landslide.

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Incubator of Civility

While politics dismisses  ideology, it still underlies our differences.  The belief in permanent human nature and governing principles is what distinguishes the conservative from the progressive.

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The Self Righteous Mob

Half of Trump’s supporters like his in your face, hit back twice as hard, refusal to be intimidated, trolling, protocol style.  The other half fear the poorly thought, lunatic, illiberal, and authoritarian ideas and behavior of the Democrats much more than the ego and unpredictability of Trump.  The Kavanaugh hearing was a live rehearsal of how they handle power, like a self righteous mob. 

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Burnham Quotes

“No theory, no promises, no morality, no amount of good will, no religion will restrain power. Neither priests nor soldiers, neither labor leaders nor businessmen, neither bureaucrats nor feudal lords will differ from each other in the basic use which they will seek to make of power.”

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The Great Ignored

“As a group they are virtually ignored, and yet they are the center of everything. They include those of the left who are no longer comfortable in a new progressive party. And rightists not comfortable with Mr. Trump, or with the decisions and approaches of the Bush era. It includes those experiencing ongoing EID—extreme ideological discomfort.”

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Modern Individualism

When the masses rise up the individuals suffer in mass.  Professed love of humanity often justified horrid treatment of individual humans.  The problems of division are not the result of individualism, but the poor substitutes that subvert it.

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The 1619 Project is Anti-History

Thus 1619 Project from the NYT is the opposite of history; it is anti-history.  Instead of studying the past to learn about the present, it projects current passions on the past.  Confirming events are generalized to be the sole motivation,  non confirming events are ignored or minimized as inconsequential.

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The Uncertainty Tax and Friction Costs

Trump maybe correct in recognizing China’s destructive trade policies, but he is wrong to think that alone justifies a trade war.  He is wrong to think that Twitter is an acceptable negotiation platform, and he is wrong to think that he is the only national leader with stubborn pride.  Xi does not face an election in 2020 and has the political advantage of waiting him out, even if there are in a weaker economic position.

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Abandonment of Common Sense

Half of Trump supporters like his anti-elite, control the narrative, fearless and aggressive posture.  Half of his supporters have great problems with his style, lack of diplomacy, thoughtless tweets, and divisive rhetoric; but fear the radical ideas that are pouring from the barrel of Democratic candidates like liberal tourettes.

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Five Brief Book Reviews

Founders considered the Electoral College their crowning achievement of the Constitutional Convention.  The divisions by state make the system less corruptible;  the hanging chad problem in Florida was limited to one area of one state.  The system requires a candidate to appeal to a broad range of interests, not just the interests of a small if heavily populated area.

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Anti-History and History

I look at a news story and wonder of the likelihood of today’s headline ever being noted in a history book. The 24-hour news cycle is an outrage machine designed to generate clicks. It is not to inform and certainly not to provide perspective or understanding.

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Political Thoughts 2019 08 17

Identity Politics is just a politically correct form of racism.  We should not be surprised to hear more accusations of racism in response to greater reliance on identity politics as a political strategy.  The more that racism is used as a political weapon the less moral authority it retains.

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Europe Needs Doughnut Shops

Europe is at a crossroads of slow economic growth from a post war period of regulation and high taxes and the creation of a new growing underclass of immigrants that are not being absorbed. Avoiding the ensuing financial, social and political costs is unimaginable. England embraced Brexit for several reasons; most often stated was the loss of sovereignty and control of their destiny. They may simply be the first to leave a sinking ship.

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Zero Interest rates challenge our economic assumptions

There is a mismatch between countries with stable financial structures and countries with great growth opportunities. Emerging nations have more room to grow but business owners in third world and some second world countries prefer to hold their cash in more stable economies increasing the supply of cash.

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Real vs Hypothetical Evil

“…the real evils of censorship and suppression are considerably worse than the hypothetical troubles that a more liberal attitude toward unpopular speech might risk.”

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Regressive Redistribution

“Therefore ameliorative government becomes a magnet for factions muscular enough, in money or numbers or both, to bend government to their advantage. When government embraces redistribution, it summons into existence factions eager to get in on the action.”

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Ersatz Economics

” Contrary to a widespread impression among noneconomists, though, understanding the vocabulary of economics is not the same as understanding economics.”

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The Suicide of Identity Politics

This is the slow-motion suicide of identity politics. When everything is about race or sex it loses its power because it becomes impossible to identify. The Squad cannot even disagree with its own party and leaders without attributing differences to racism. Pelosi tried to minimize the power of these few House Democrats yet was unable to pass a meaningful anti-Semitic resolution against the support these few actors garnered. Yet they had little trouble passing a resolution condemning Trump’s ‘racist’ comment.

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Discourse and Anti Discourse

“..the desire for popularity is the original sin of the American intellectual: When he subordinates his independent mind to the demands of the herd, he ceases to perform any useful function. He abandons culture for Instant Culture, discourse for antidiscourse, and truth-seeking for status-seeking.”

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The Source of Judicial Controversies

“Regulation by agencies is relatively simple to promulgate—it merely takes the time and patience necessary to announce a rule, take comments, and show that the comments were in some way taken into consideration. Navigating bureaucratic procedure and red tape is easy compared with cobbling together a majority (or supermajority) of both houses of Congress and winning the president’s support. “

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