It's story #2

 

 

 

Bush attempted to reverse the economic river by waging a war on recession, about which I was writing back in March 2008: "All this nonsense about digging ourselves out of recession through government intervention began with the New Deal. But here is the amazing fact: not once has this strategy worked." By the fall and winter, it became clear that the War on Recession was not working and the economy was sinking further. Rather than give up, Bush pushed so hard that he managed to throw us all in the arms of a socialist who knows nothing about economics and has surrounded himself with big shots who affirm him in his ignorance – people like Paul Krugman, who are wedded to antique mythologies about the glories of government power.

 

"The Myth of the Just Price", by Lawrence Vance.

 

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."

 

This is impressive for weekend work...

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

 

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.

 

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."

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."

 

 

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."

http://www.youtube.com/watch?v=bhcA4Ry65FU&feature=related

 

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...