Monthly Archives: August 2019

Archive of posts published in the specified Month

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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