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A good article on Christianity and the Free Market

 
"The Myth of the Just Price", by Lawrence Vance.
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Austrian Economic's superiority over other schools lies in its capital theory

 
From the article:
 
"The elementary flaw in Krugman's objection is that he is ignoring the time structure of production. When workers get laid off in the industries that produce investment goods, they can't simply switch over to cranking out TVs and steak dinners. This is because the production of TVs and steak dinners relies on capital goods that must have already been produced. In our sushi economy, the unemployed islanders couldn't jump into sushi rolling, because there weren't yet enough fish being produced. And they couldn't jump into fish production, because there weren't enough boats and nets to make their efforts worthwhile. And finally, they couldn't jump into boat and net production, because there were already enough islanders working in that area to restore the fleet and collection of nets back to their long-run sustainable level."
Tags: economics  
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George Lucas should have hired these two guys

 
This is impressive for weekend work...
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Ida, the "missing link"

I doubt it.
 
 

Many paleontologists are unconvinced. They point out that Hurum and Gingerich’s analysis compared 30 traits in the new fossil with primitive and higher primates when standard practice is to analyze 200 to 400 traits and to include anthropoids from Egypt and the newer fossils of Eosimias from Asia, both of which were missing from the analysis in the paper. “There is no phylogenetic analysis to support the claims, and the data is cherry-picked,” says paleontologist Richard Kay . . . of Duke University. Callum Ross, a paleontologist at the University of Chicago in Illinois agrees: “Their claim that this specimen should be classified as haplorhine is unsupportable in light of modern methods of classification.”

Other researchers grumble that by describing the history of anthropoids as “somewhat speculatively identified lineages of isolated teeth,” the PLoS paper dismisses years of new fossils. “It’s like going back to 1994,” says paleontologist K. Christopher Beard of the Carnegie Museum of Natural History in Pittsburgh, Pennsylvania, who has published jaw, teeth, and limb bones of Eosimias. “They’ve ignored 15 years of literature.”

“‘Revolutionary’ Fossil Fails to Dazzle Paleontologists”
Ann Gibbons, ScienceNOW, May 19, 2009

Tags: Darwinism  
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The "Immigration Problem" may be ending

 

Sad End to the Immigration Issue

by Llewellyn H. Rockwell, Jr.
by Llewel

A standard test of a country’s well-being is whether people want in or out. Whether you have an immigration issue or an emigration issue is telling. For example, people wanted out of East Germany and wanted into West Germany. People wanted out of Russia and into Estonia. People once wanted out of China, whereas now they want in.

These demographic flows tell more about a country and its economic prospects than all the political speeches combined. People vote with their feet.

Data from Mexico is extremely telling in this regard. There has been a massive plummeting in immigration from Mexico to the United States within the last year. A quarter of a million people who would otherwise have come to the U.S. for work have decided to stay away.

This is not due to enforcement. Enforcement is mostly eyewash anyway, and only gives an excuse for the federal government to spy on American business. What's made the difference is the recession. The jobs aren't available. The prospects for new immigrants are not what they used to be. The land of the free has become the land of a shrinking economy due to the despotic arm of the U.S. state.

It seems that Mexicans are not so anxious to live in the great Obama utopia of debt, inflation, nationalization, bailouts, and regimentation.

Now, a person might say, well, there's a silver lining in every recession and this is one. But listen: economic opportunities are universal. If you feel them and sense them, so do others outside the border and they want to be part of it. If they don't feel them and sense them, maybe it is time to wake up and realize that they don't exist as they used to.

Time was when shelters just across the border, where people lived until they saw an opportunity for safe passage, were filled and overflowing. Now they are empty. Time was when the Border Patrol vans and buses hauled people here and there, whereas now they just drive around in day trips looking for some sign of life.

To have an "immigration problem" is enormously flattering for a country. For that problem to go away is a dark cloud, a bad omen, a sign that something is going terribly wrong. The absence of an immigration problem can quickly turn into an emigration problem.

What jobs were once available that are no longer there? In housing for one. Mark Thornton pointed out that the housing bubble was a massive subsidy for immigration, since it was the immigrants who put up the drywall, painted the houses, and landscaped the yards. In this sector, what we might be seeing is a return to the status quo ante.

But housing is not an isolated sector. It is connected to other sectors such as retail and agriculture that are currently in a state of bust. Indeed, it is highly likely that the bust is going to be disproportionately large as compared to the boom, in which case the refusal to bother to immigrate is a sign of a more fundamental shift in American economic life.

We could be entering a period of prolonged economic stagnation, thanks not to some long wave or mysterious change of history, but as a direct result of Washington, DC’s egregious management of public policy.

At the same time, the war on terror combined with nationalist hysteria has succeeded in dramatically limiting the ability of banks and technology firms to hire people from abroad to do the kind of work that is so desperately in demand these days. Higher skilled employees are harder and harder to come by, given the rotten American educational system.

Leave it to the federal government to make it more difficult to find labor when it is needed most. A little noticed provision of the February 2009 stimulus package actually punishes firms that use the provisions in immigration law that allow the hiring of foreign workers. All of this combines to erect ever more barriers to prosperity.

By way of review, the main sources of prosperity are two: capital investment and increases in the division of labor. When the prospects for investment fall, it becomes ever more important to widen the cooperative efforts among all peoples to exchange. A fall in the division of labor, which is implied by a fall in immigration, can have dramatically bad economic effects.

For example, it means that all of us have to do more of what we don't do well and less of what we are good at. Instead of hiring, we do the job ourselves, which means that we don't choose our highest valued uses of time. If you reduce the division of labor back enough, you land in a hunter/gatherer society where no civilization exists. Every step away from the extended division of labor makes us poorer and brings us closer to de-civilization.

Prosperity is associated with the widest possible division of labor. This is what leads to innovation too. It is not a surprise that 15% of the venture-backed companies that are high on the list of innovators were founded by foreign-born entrepreneurs. These are companies that benefit everyone.

Meanwhile, we will soon be dealing with an added issue of a growing brain drain. I personally know many brilliant people who have left the country or are seriously considering doing so, looking around the world for a home with economic opportunity and where the looters aren't running public policy.

Emigration out of the United States has been growing every year since 1991, from 252,000 in 1991 to 311,000 in 2005. I couldn't find data past that point, but can there be any doubt where we are heading with this? Low-skilled employees want nothing to do with us. High-skilled employees are not allowed in. Enterprise is being killed at every turn. It won’t be long now before larger and larger numbers of people vote with their feet.

A final insult is how US tax law treats its emigrants from this country. It continues to tax them as if they are lifetime slaves. Wherever you go, the force is with you.

The heck of it is that all of this could be turned around today. It only takes political will to let freedom reign, and a social consensus against tyranny to form and strengthen.

 

Books by Lew Rockwell

May 17, 2009

Llewellyn H. Rockwell, Jr. [send him mail] is founder and chairman of the Ludwig von Mises Institute in Auburn, Alabama, editor of LewRockwell.com, and author, most recently, of The Left, The Right, and The State.

Copyright © 2009 by LewRockwell.com. Permission to reprint in whole or in part is gladly granted, provided full credit is given.

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1930's Havana

 
Nice little film
 
 
On Cuba losing her freedom.
 
"Cuba's campesinos (country folk) were among the first to learn the bitter lesson of ownership in Castro's Cuba and consequently rise in arms against Castroism. In 1959 with cameras rolling, flashbulbs popping and reporters scribbling, Castro's much-lauded "Institute of Agrarian Reform" made a big show of handing out land "titles" to thousands of beaming campesinos.

Soon these new "owners" learned they were prohibited from selling "their" land. More interestingly, the produce grown on "their" land could only be sold to the government. More interesting still, the price paid for "their" produce was the government's whim. Elsewhere they called this "serfdom."

Castro quickly ended the charade and all agricultural laborers were herded into granjas, i.e. collective farms identical to Soviet kolkhozes. Indeed, Soviet agricultural "advisors," still flush from their success in the Ukraine, had been advising Cuba's INRA (Institute of Agrarian Reform) from day one. The Cuban campesino's desperate, bloody and lonely rebellion against their enslavement spread to the towns and cities and lasted from late 1959 to 1966. Castro himself admitted that his troops, militia and Soviet advisors were up against 179 different "bands of bandits" as they labelled these freedom-fighting rednecks. Tens of thousands of troops, scores of Soviet advisors, and squadrons of Soviet tanks, helicopters and flame-throwers finally extinguished the lonely Cuban freedom-fight. Elsewhere they call this "an insurgency."

This ferocious guerrilla war, waged 90 miles from America's shores, might have taken place on the planet Pluto for all you'll read about it in the MSM and all you'll learn about it from those illustrious Ivy-League Academics. To get an idea of the odds faced by those rural rebels, the desperation of their battle and the damage they wrought, you might revisit Tony Montana during the last 15 minutes of "Scarface." Enrique Encinosa documents this heroic rebellion in his superb book, Unvanquished. "We fought with the fury of cornered beasts," was how one of the few surviving rebels described their insurgency."

Tags: Cuba  
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New article from Thomas DiLorenzo

And it's good...
 
 

"Most recently, the current economic crisis is said to be caused by the "excesses" of economic freedom and "too little regulation" of the economy, especially financial markets. This is said by the president and numerous other politicians, with straight faces, despite the facts that there are a dozen executive-branch cabinet departments, over 100 federal agencies, more than 85,000 pages in the Federal Register, and dozens of state and local government agencies that regulate, regiment, tax, and control every aspect of every business in America, and have been doing so for decades."

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Obama and the Christian Nation

I got this in an email (where else?); of course, the argument could be made that Obama was still correct in saying we're not a "Christian Nation", because none of the preambles mentions Jesus specifically.  I would ask what religious group would specifically refer to a Supreme Being, calling Him "God", "Almighty God", "Supreme Ruler", etc.  "Deists", one might answer.  Ah, but even the beliefs of American Deists were informed by the Christian and Jewish Scriptures. 
 
 
 
President Barack Hussein Obama said in Turkey: "We do not consider ourselves a 'Christian' nation, or a 'Jewish' nation, or a 'Muslim' nation. We consider ourselves a nation of citizens who are bound by ideals and a set of values."
I  found this VERY interesting!  
Do you know the Preamble for your state? . .
 

Be sure to read the message at the bottom!


Alabama 1901, Preamble
We the people of the State of
Alabama , invoking the favor and guidance of Almighty God, do ordain and establish the following Constitution..
Alaska 1956, Preamble We, the people of Alaska , grateful to God and to those who founded our nation and pioneered this great land.
Arizona 1911, Preamble We, the people of the State of Arizona , grateful to Almighty God for our liberties, do ordain this Constitution...
Arkansas 1874, Preamble We, the people of the State of Arkansas , grateful to Almighty God for the privilege of choosing our own form of government...
California 1879, Preamble We, the People of the State of California , grateful to Almighty God for our freedom...
Colorado 1876, Preamble We, the people of Colorado , with profound reverence for the Supreme Ruler of Universe...
Connecticut 1818, Preamble. The People of Connecticut, acknowledging with gratitude the good Providence of God in  permitting them to enjoy.
Delaware 1897, Preamble Through Divine Goodness all men have, by nature, the rights of worshipping and serving their Creator according to the dictates of their consciences...
Florida 1885, Preamble We, the people of the State of Florida , grateful to Almighty God for our constitutional liberty, establish this Constitution...
Georgia 1777, Preamble
We, the people of Georgia , relying upon protection and guidance of Almighty God, do ordain and establish this Constitution...
Hawaii 1959, Preamble We , the people of Hawaii , Grateful for Divine Guidance ... Establish this Constitution.
Idaho 1889, Preamble We, the people of the State of Idaho , grateful to Almighty God for our freedom, to secure its blessings.
Illinois 1870, Preamble
We, the people of the State of Illinois, grateful to Almighty God for the civil , political and religious liberty which He hath so long permitted us to enjoy and looking to Him for a blessing on our endeavors.
Indiana 1851, Preamble
We, the People of the State of Indiana , grateful to Almighty God for the free exercise of the right to choose our form of government.
Iowa 1857, Preamble We, the People of the St ate of Iowa , grateful to the Supreme Being for the blessings hitherto enjoyed, and feeling our dependence on Him for a continuation of these blessings, establish this Constitution.
Kansas 1859, Preamble We, the people of Kansas , grateful to Almighty God for our civil and religious privileges establish this Constitution.
Kentucky 1891, Preamble.. We, the people of the Commonwealth are grateful to Almighty God for the civil, political and religious liberties..
Louisiana 1921, Preamble We, the people of the State of Louisiana , grateful to Almighty God for the civil, political and religious liberties we enjoy..
Maine 1820, Preamble We the People of Maine acknowledging with grateful hearts the goodness of the Sovereign Ruler of the Universe in affording us an opportunity .. And imploring His aid and direction.
Maryland 1776, Preamble We, the people of the state of Maryland , grateful to Almighty God for our civil and religious liberty...
Massachusetts 1780, Preamble
We...the people of Massachusetts, acknowledging with grateful hearts, the goodness of the Great Legislator of the Universe In the course of His Providence, an opportunity and devoutly imploring His direction  
Michigan 1908, Preamble
.   We, the people of the State of Michigan , grateful to Almighty God for the blessings of freedom, establish this Constitution.
Minnesota, 1857, Preamble
We, the people of the State of Minnesota, grateful to God for our civil and religious liberty, and desiring to perpetuate its blessings:
Mississippi 1890, Preamble
We, the people of Mississippi in convention assembled, grateful to Almighty God, and invoking His blessing on our work.
Missouri 1845, Preamble We, the people of Missouri , with profound reverence for the Supreme Ruler of the Universe, and grateful for His goodness . Establish this Constitution...
Montana 1889, Preamble. We, the people of Montana , grateful to Almighty God for the blessings of liberty establish this Constitution ..
Nebraska 1875, Preamble We, the people, grateful to Almighty God for our freedom . Establish this Constitution.
Nevada 1864, Preamble We the people of the State of Nevada , grateful to Almighty God for our freedom, establish this Constitution...
New Hampshire 1792, Part I. Art. I. Sec. V Every individual has a natural and unalienable right to worship God according to the dictates of his own conscience.
New Jersey 1844, Preamble
We, the people of the State of New Jersey, grateful to Almighty God for civil and religious liberty which He hath so long permitted us to enjoy, and looking to Him for a blessing on our endeavors.
New Mexico 1911, Preamble We, the People of New Mexico, grateful to Almighty God for the blessings of liberty..
New York 1846, Preamble We, the people of the State of New York, grateful to Almighty God for our freedom, in order to secure its blessings.
North Carolina 1868, Preamble We the people of the State of North Carolina, grateful to Almighty God, the Sovereign Ruler of Nations, for our civil, political, and religious liberties, and acknowledging our dependence upon Him for the continuance of those...
North Dakota 1889, Preamble
We , the people of North Dakota, grateful to Almighty God for the blessings of civil and religious liberty, do ordain...
Ohio 1852, Preamble We the people of the state of Ohio, grateful to Almighty God for our freedom, to secure its blessings and to promote our common.
Oklahoma 1907, Preamble Invoking the guidance of Almighty God, in order to secure and perpetuate the blessings of liberty, establish this
Oregon 1857, Bill of Rights, Article I Section 2. All men shall be secure in the Natural right, to worship Almighty God according to the dictates of their consciences
Pennsylvania 1776, Preamble
We, the people of Pennsylvania, grateful to Almighty God for the blessings of civil and religious liberty, and humbly invoking His guidance....
Rhode Island 1842, Preamble. We the People of the State of Rhode Island grateful to Almighty God for the civil and religious liberty which He hath so long permitted us to enjoy, and looking to Him for a blessing...
South Carolina, 1778, Preamble We, the people of he State of South Carolina grateful to God for our liberties, do ordain and establish this Constitution.
South Dakota 1889, Preamble We, the people of South Dakota, grateful to Almighty God for our civil and religious liberties ....
Tennessee 1796, Art. XI..III. That all men have a natural and indefeasible right to worship Almighty God according to the dictates of their conscience...
Texas 1845, Preamble We the People of the Republic of Texas, acknowledging, with gratitude, the grace and beneficence of God.
Utah 1896, Preamble Grateful to Almighty God for life and liberty, we establish this Constitution.
Vermont 1777, Preamble Whereas all government ought to enable the individuals who compose it to enjoy their natural rights, and other blessings which the Author of Existence has bestowed on man ..
Virginia 1776, Bill of Rights, XVI
Religion, or the Duty which we owe our Creator can be directed only by Reason and that it is the mutual duty of all to practice Christian Forbearance, Love and Charity towards each other
Washington 1889, Preamble
We the People of the State of Washington, grateful to the Supreme Ruler of the Universe for our liberties, do ordain this Constitution
West Virginia 1872, Preamble
Since through Divine Providence we enjoy the blessings of civil, political and religious liberty, we, the people of West Virginia reaffirm our faith in and constant reliance upon God ...
Wisconsin 1848, Preamble
We, the people of Wisconsin, grateful to Almighty God for our freedom, domestic tranquility...
Wyoming 1890, Preamble We, the people of the State of Wyoming, grateful to God for our civil, political, and religious liberties, establish this Constitution...
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What is Boogalu?

My recent introduction to this style of music came from a Joe Cuba song, via Jazz Saxophonist Dave Sanborn: http://www.youtube.com/watch?v=wdy6EYR6ll8  which used to play on the radio in the early 1990's.
 
I saw that one named "Joe Cuba" had a version of the song--http://www.youtube.com/watch?v=mXtleF5mTiU&feature=related--and of course had to investigate...
 
here's the lowdown on "boogalu (also, boogaloo)" music: http://www.salsacrazy.com/salsaroots/boogalu.htm
 
It sounds a lot like the kind of music in the game Tropico, which is one of my favorites.  My two "featured posts" are about this game.
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What got us out of the Great Depression

This is a response I wrote to a blog post here (I edited it, a little): http://townhall.com/blog/g/f70f6284-7185-4acd-b48e-9919dcb00e21?comments=true#comments
 
It's been popular recently for conservative types to say that "FDR didn't get us out of the Great Depression; Hitler did", meaning that the war itself pulled us out. They show themselves to be true disciples of Keynes in so saying, because the assumption is that the war finally gave FDR the impetus to increase government spending to levels to overcome the "underconsumption" of the general public, along with the ability to use the military draft to get the unemployed men out of soup lines and into the Front Lines. But this idea that war produces economic growth is a false one, because economic growth, by definition, means that goods and services that people actually want are being produced.   It does not depend on what percentage of the population is employed, nor on how much money is being spent in the aggregate.
 
Employment by itself does not produce economic growth.  Imagine that the government set a price ceiling of $5 an hour on all wages and salaries, no matter what the occupation, but that the government at the same time set up a new bureau that pays anyone and everyone who hires on (and there are no restrictions to the number or type of people the bureau can hire) $10,000 an hour to dig ditches and then fill them back up. Suppose then that everyone in the country got a job with this bureau, leaving whatever jobs they currently hold. There would be virtually no unemployment; at the same time, people would have plenty of money, but nothing to spend it on, since nobody wants to work for a mere $5 an hour producing things for sale when the bureau pays $10 grand an hour to dig ditches. So, pointing to a low unemployment rate effected by the military draft is not a good argument for government actions inducing economic growth.
 
Government expenditure also is an unreliable method of improving economic growth, since the types of goods and services that government buys differ substantially from what normal people buy. Since government is a non-profit organization that raises funds through taxes, it cannot figure out what the consumers want as efficiently and effectively as the market does; also, there is a lot of pressure on government officials by small but politically influential special interest groups to spend government monies on projects that benefits the special interests, often at the expense of anyone not connected to the interest groups. In other words, government purchases are often politically motivated rather than consumer-motivated. And the resources that go into government funded projects are thus denied to whatever uses might have been made of them by the marketplace. You get a new highway rather than apartment buildings, for example, even though the people in the area would have preferred the extra housing provided by the new apartments.
 
The GI Bill(s) were certainly beneficial to those who valiantly fought the Fascist menace, and it could be creditably be argued that the nation owed these grants to the GIs returning home. But any government transfer of funds from one group to another, however noble the reason, merely benefits the second group at the expense of the first. Perhaps, in the grand scheme of things, all benefited more through the government transfers than would have had the moneys not been transferred; but there is no way, unfortunately, to go back and see what might have been done with the funds by those from whom it was seized.

When you read about what was occurring in the 1950's and 1960's, you find that the computer revolution, with its accompanying increases--by the private sector--in investments in new technology and the grand increases in productivity across a variety of industries that such technology provides, was just hitting its stride. You find new industries arising, like fast food and television, including new cultural industries, like the Rock & Roll business. You find that new ways were developed to build and finance homes, like Levittown (although admittedly home buying was influenced by new government efforts to expand home ownership). You find that the free market was the real reason the Depression finally ended.
 
The application for today is that the current economic difficulties can be overcome by the market if left to itself. Any attempt by government to alleviate the downturn will merely prolong it, since government by its nature is incapable of correctly determining consumer needs and wants; in many cases, government is downright hostile to said consumer wants and needs.  The government also tends to take actions that 1.) benefit itself through greater acquisition of political power, and 2.) benefit certain politically connected special interest groups at the expense of consumers generally.  FDR is the best and most obvious example of government's bungling an economic recovery, especially when compared to other Presidents' actions (and non-actions).   The Great Depression started out without any disadvantages, in terms of economic severity, over the 1920-21 recession; the 1920 recession was in many ways worse, if accounts can be believed, yet it was over in under two years, even though (because of!) the government under Harding did nothing to try to fix the problem.  FDR's recession lasted nearly a decade, and the 1930's ended with unemployment levels near what they were when he took over.  So it should be obvious that government officials attempt to emulate whatever Harding did, and eschew whatever FDR did, if they truly wanted to end a recession.  The reason they don't and won't is that FDR's way gives them the moral and political capital to seize more power, while Harding's way means a restriction of their power--something politicians cannot abide by.
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