Category: Wealth

What Is Truth?

“She’s always hungry. She always needs to feed. She must eat. All she gets is nasty Orcses.” – LOTR, Return of the King

I saw a wanted poster for Schrodinger’s cat.  It said, “Wanted Dead And Alive.”

I have a general routine that I start before I write.  I interact with my family because they seem to want me to do so.  I then retire to the Wilder Tub of Genius where I smoke a cigar the size of a crutch that Tom Cruise might use.  It’s not a huge cigar, since Tom isn’t that tall.  But it is a mighty cigar nonetheless.

Then I generally enjoy life.  Unfortunately, sometimes the muse hits me while I’m happily hanging out in the hot tub, and it pulls me away from the three pages (yes, it was that many) of notes I had prepared for you.  Whenever that happens, I always, and I repeat always, go for the muse.

The idea of a muse is simple:  it is creation.  It’s an untamed force that hits you and takes over.  It’s not exactly like The Mrs. hitting me in the face with a raw chicken covered in Ranch® dressing, but it’s close.

That’s tonight.  Fridays are often that night where I go where the muse hits me

What hit me tonight?

Tonight it was this simple idea:  controlling what goes into your mind is the key.

https://youtu.be/VYEU-12U32A

Except the dormouse. I hate that guy.

I start every post with a quote.  There’s a reason why I do this – it sets the mind of the reader into a familiar idea.  If the reader (you) doesn’t recognize the quote, it’s okay.  The quote isn’t necessary for the magic that follows, but if you know the quote, you are nearly instantly transported into the ideas that will follow.

It’s like a subtle form of hypnosis, but one in which I don’t require you to pretend you’re a duck who has just created an egg out of chocolate and plutonium.  Well, not more than once.  As far as you know.

I use that because I want to create a mental space where the ideas that follow will sit well.  If you’re already on familiar ground, the ideas will flow more smoothly.  It’s a stupid idea, but it’s grounded in reality.  Besides, I like movie quotes.

The reason I chose movie quotes is because they are the most shared of our experiences.  Millions have seen, say, Ghostbusters®, while only hundreds of thousands have read Dostoevsky.  Heck, I told my buddy who was an Orthodox priest that I was reading Dostoevsky and he shook his head and said, “John, that’s a little heavy, don’t you think?”

There was a really bad joke about ghosts.  It still haunts me.

When a guy in a Russian cassock tells you that Dostoevsky is a bit heavy, well, it’s probably not the best way to reach people.  By the way, spoiler alert:  It’s Russian literature, so everyone dies.  And then it gets worse.  It’s almost as bad as reading a German instruction manual for a chainsaw – I tried reading one once all it gave me was a longing to invade Poland.

Or a British cookbook.  Good heavens.  The British have ruined pudding for me forever.  Well, maybe Cosby beat them to that, but, still.

So, here I am, admitting that I want to manipulate the emotions of my readers so that they are more receptive of the ideas of crazy people like Plato or Seneca or Aristotle or Twain (Shania, not Mark) and the message that follows will sound crazy.

Be careful of what goes inside your head.

You don’t think that color scheme was an accident, do you?

I’ve tried again and again to show this very simple point:  in 1900, the only regular contact any American would have had with the Federal government was the postman bringing letters.  Now?  When I get up in the morning I have nearly a dozen interactions with the Federal government before I leave my front door.  The alarm goes off, and

  • The lights (subject to Federal emissions standards at the power plant) come one and
  • I go to the shower (subject to both EPA water standards and EPA waste disposal requirements) and
  • Brush my teeth with toothpaste (subject to FDA requirements) and
  • Put on my clothes (subject to The Mrs. wanting me to not look too cool in public) and
  • Go into the Wilder Morning Den and drink a cup of (USDA approved) coffee and
  • Have some (USDA approved) bacon and
  • Pick up my (Federal Highway Administration Approved) keys and
  • Check my (FCC approved) cellphone for messages and
  • Walk upon my (Building Code Approved) floor and
  • Open my door (which is made of lead and plutonium) and
  • Start my (Insert a zillion Federal regulations here) car and drive to work.

Oddly, this little demonstration undersells the impact of government in my life.  There are dozens of regulations that I skipped because, well, I’ve been drinking.  Blame Jim Beam®.

This is just the setup, however.

What goes in your head?

I’ve told you how I try to make a post better by increasing your receptiveness to it.  My motives are simple – I am not trying to sell you anything except ideas.  And those Ideas are (mostly) the ideas of the most brilliant people who have ever lived on Earth.  I try to sneak a few of mine in, because, hey, my beard is awesome, so I might have built up some wisdom.

But who is trying to manipulate the ideas that go inside your head?

The Mrs. had a complement the other day.  She couldn’t listen to mainstream media coverage on a certain topic because Truth that I shared with her had infiltrated her brain.  Every Single Time the media tried to lie to her, she reacted in revulsion because . . . the Truth had set her free.

What goes in your head?

What do you feel that is real?  Why is that you feel that thing?

Those are very, very difficult questions, and are not for the weak of heart – what if you understood that most things you felt were truth were instead, lies?

This is a devastating lens.  What lies do you believe in because they are pretty little lies?  The more you examine them, the more they fall apart.

Communism sounds good on paper.  Unless you’re reading a history book.

I promise you that I have done my best to make every word as Truthful as I can make it.  But I ask of you this, can you understand the immense amount of propaganda you have been fed nearly every day of your life?

Step back.

What, really, is the Truth?

There is an entire industry made of tens of thousands who want to feed your head.  They want to bring their ideas into yours.  There is an amazing amount of money being spent to try to influence you.

What, then will you choose?

The pretty little lies, or the Truth that you know exists underneath?

The “Take This Job And Shove It” Economy

“Sure. Grab it, store it, shove it.” – Babylon 5

My parents always called me a gifted child. Turned out I was abandoned in a box on the front step.

I was at the store the other day with The Mrs. and Pugsley. We saw a retail clerk we knew and were discussing life with him. Normally, the retail clerk is very opinionated but upbeat. I’ll admit, it has been over six months since I’ve seen him, but his transformation was amazing.

He’s “retired” but spends his time selling things that he likes to sell. He’s probably one of the biggest experts in town, and a job like his is (more or less) being paid for talking to people about his hobby. He doesn’t have to work, but he wants to. Thankfully it wasn’t a weird hobby, like taking pictures of trout wearing cute outfits. That’s like shooting fish in apparel.

This visit to the store was different. Like I mentioned above, he’s normally upbeat. Now? Not at all. He was angry. He railed against management that didn’t care. He railed against customers that treated low-wage retail employees as if it was their fault that the store didn’t have their particular brand of banana mist spray. The store employee sounded as angry as Darth Vader – I mean he was really venting.

The clerk we talked with wasn’t quitting. Yet. But he was done. He’s done taking crap from management. He’s done taking crap from customers.

I got fired for asking a customer “rare or well done?” The funeral home said that wasn’t the right way to ask, “burial or cremation?”

One more customer screaming at him because something wasn’t on the shelf? He might take off the company shirt and step outside with the customer. After he’s finished the business with the customer he would probably just keep walking.

And this is in Modern Mayberry, where we’ve been essentially untouched by the ‘Rona crisis and mandates and masks. He’s done.

In society at large, I see the very same pattern.

Keep in mind, the retail worker that I described above was nearly at the sour cream stage on his taco because of the rude customers. Why were the customers so rude?

They’re done, too.

  • They’re done with an economy where they have been abandoned.
  • They’re done with shortages they don’t understand.
  • They’re done with rising prices to feed their family.
  • They’re done with expensive gasoline.
  • Oh, and they’re done with masks and mandates, too.

Voters on the Right are done, too. The idea of compromise is hateful – the positions are crystallized:

  • Vax mandate for the greater good versus basic human rights.
  • Collective guilt over crimes committed hundreds of years in the past versus meritocracy.
  • Five million other things. I’d list them, but you know them. You see them every day, and it boils down to the violence of the collective mob versus the rights of a constitutional republic.

In my adult life, the high point of our country being cohesive was on 9/12/2001. In that moment, we tried, really hard, to come together as a country. The result? Two of the longest wars in United States history, trillions in debt, the Patriot Act, and Obama.

What do you call Bill Gates’ divorce? An unplanned update.

The lowest point?

Right now.

This has significant political implications, but also economic implications. People like the retail employee, working because they want to, can leave anytime. But it’s more than just that one retail employee. How many other people are just walking away? How many are one rude customer away from wadding up the company smock, and walking out the front door for the last time?

How many firefighters will quit rather than get the jab? How many EMTs will simply walk away rather than submit to it? By my count, the number is not insignificant, and these are crucial jobs if you like keeping your house not burned up like and would like granny to get to the emergency room in some other fashion than you tossing her into the bed of the pickup after you move the Purina® Lion Chow™ out.

Often, the people who run the services that keep the economy running are paid at the lowest levels. What happens when they decide they are done with the nonsense, too? What happens when they look around and see that they could work at McDonalds® for 10% of the stress and 90% of the pay?

No matter how often I ask for a large fry, they keep giving me lots of small ones.

We hear about an economy where jobs are plentiful, and takers are few. From what I see here, it’s true. Except the jobs that are plentiful are at the lowest levels of pay and prestige, and the people are simply not interested in taking them.

We have shortages of everything. Inflation is wonderful at creating that: inflation pulls demand forward. Why buy a window tomorrow when the price will be up. Buy the window now. Buy everything that that you can, now. This is a rational reaction, but when everyone does it, it feeds inflation.

Tensions are high. People who make $30,000 a year have seen themselves take a $3,000 pay cut, simply through the government’s printing of money. The cause may not be apparent, but at the gas station they see it. At the grocery store they see it. When the time to pay the rent comes?

They see it.

It’s not just that. At the voting booth, they look back at the 2020 election.

They see the fraud.

I will say this, he’s certainly given himself an incentive to not slip . . .

This is, to say the least, a very, very chaotic situation. As I said, we have shortages of everything. In 2018, the economy was working because the people in it were working. Now, in addition to the shortage of “stuff” we have shortages of the people who make things go, as well.

What does that lead to?

Increasing dysfunction. Worse services. Longer waits on EMT calls.

Why?

I call it the IDGAF economy. People are done. How many folks simply don’t care? How many have been crossed out of the economy and have the attitude, “screw ‘em all, I didn’t need this job anyway”?

A lot. In the 1977 as inflation hit there were similar sentiments – Johnny Paycheck scored a big hit with Take This Job and Shove It. This is where we are in 2021. People are done. People are sick of it all. They know the economy isn’t right.

I got some extra money this Halloween. I went into a haunted house and on the way out they handed me a paycheck.

Economies consist of more than companies and procedures and policies. Each of those things depends on: people. Lose a foreman? The crew may or may not do as well. If it was a good foreman, it’s likely that they don’t do as well. Lose an EMT, and you’re one shy for a full shift? Which heart attack do they skip out on?

Who makes that ambulance run? Who gives time off to the weekend dispatcher? Who runs the window at the DMV? Who makes the PEZ®?

The reactions I’ve seen so far are discouraging. The idea from at least some management is that, “Well, isn’t that a part of their job?” which is technically correct. But if they can do another job for a dollar less an hour that doesn’t cause a sacrifice?

They’re gone.

That’s the difficulty. An economy isn’t Nike® or Amazon™ or Netflix©. An economy is made of the people that run it. We’ve seen that truckers can paralyze an economy. Now imagine the economy when all the people that make it go say, “IDGAF”.

We’re close.

The Funniest Tax Post You’ll Read Today

“Hey, I gotta uncle that lives in Taxes.” – Duck Soup

They just put in a new speed bump at Pugsley’s school.  I mean, I hope it was a speed bump.

What is a tax?

Most people think about taxes are money siphoned off from people and businesses.  Admittedly, the best kind of a tax would serve the public good, and also be in proportion to use of that public good.  A gasoline tax that’s used to fund the construction of roads certainly passes that muster.  The more a person drives, the more gas they use, and the more they pay.  Of course, it’s not perfect, but it’s hard to find a perfect tax.  However, from their perspective, the Taliban have created the perfect tax:  Americans pay, the Taliban get all the stuff.  We even deliver.

There are plenty of other things that function as a tax.

Unions function as a tax.  They take a market commodity, labor, and make it artificially scarce.  This increases the price.  In theory, unions can provide an assured level of labor quality, in stereotype they provide lowered profitability.  In practice, I’ve seen both.  Jeff Bezos is so against them that he got rid of his wife because someone told him marriage was a union.

Gameshows Jeff Bezos avoids:  Who Wants to be a Millionaire?

Child labor laws were instituted for the same reason – to lower labor competition.  Oh, sure, in 2021 we tell ourselves that it’s for the benefit of the children.  Keep in mind that when these laws originally went into effect, 10-year-olds were working 12 hour days in mills.  And those were the good jobs.  “Nippers” as they called them, were young boys handling explosives and getting into situations that were too dangerous for adult male miners.  So, you need a minor miner for major danger.

Child labor laws act like a tax.

The body of regulations that businesses face likewise act like taxes.  Some of them are pretty reasonable, but when OSHA named that new regulation after me?  That was tough – it was for wearing too much aftershave.  They called it a “fragrant breach of regulations.”

If you hold a hardhat up your ear, you can hear the OSHA.

Other regulations are just meant to bring prices up, like the 42 page standard that the USDA has for lemons, which specify that they all are within 6/16ths of an inch in diameter in any given box.  There are thousands of pages of regulations on fruits that cause many to be discarded.  I’m raisin awareness.  But regardless, it lowers the amount of fruit that farmers can sell and people can eat.

It’s a tax.

Bad taxes take money from one person and just give it to another.

There are certainly plenty of those schemes.  Based on its current productivity, NASA is just a wealth redistribution scheme.  It used to have a mission of getting people into space, but now apparently has the mission of (I kid you not) making braille books for blind kids about eclipses.  At least they’re better at making books than launching humans into space, since putting people into space is something they haven’t done in over a decade, and I’m willing to bet they won’t do for years.  But, hey, books for blind kids, right?  It’s a bad tax, but it’s just dysfunctional.

With NASA, the sky is the limit!  Because they can’t go higher than however high Southwest® 737s fly.

NASA isn’t alone, but if they’re dysfunctional, stuff just doesn’t happen and we have to wait for Elon Musk to rescue us.  What happens if people listen to government idiots and take them seriously?

Up until the ‘Rona hit, the CDC was pretty good about doing next to nothing – sending out silly warnings at Christmas about “don’t eat cookie dough” that absolutely every human worth talking to ignored.  The precursor to the CDC got rid of malaria.  Since then?  Everything they focus on gets worse.  So, the cookie dough thing was something they could do and not screw stuff up too badly.

Yes.  People are losing their jobs because liberals are taking the word of a government agency that would make eating raw cookie dough illegal if it could . . . seriously.  It’s the ultimate in government incompetence turning into a pure evil tax.

High energy prices are a tax as well.  They touch every physical item in the economy.  If it has to be moved, energy is what moves it.  It’s a tax on people who have to commute.  It’s a tax on people who have to eat.

Don’t ask for whom the Toll House tolls.  The Toll House tolls for you!

Shortages are a tax, too.  A shortage increases the cost by limiting supply.  But let’s look at the shortage of pickup trucks.  Why are they in short supply?  Because of a shortage of computer chips there are a limited number of trucks that can be made.  Does that make Ford® happy?  No.  The shortage tax doesn’t help them.  About the only people that the tax makes happy?

People who have extra cars to sell.

Finally, the ultimate tax:  inflation.  It’s a tax on every dollar you’ve ever saved, making it smaller, day by day.  The early effects of inflation make people happy (ish), if they have something to sell.  Inflation, though, always ends in tears.

High taxes result in lowered freedom.  In (almost) every case, the taxes don’t produce anything but envy.  As an example, historically low energy prices equate to higher freedom, and higher energy prices equate to lower freedom.  I’d extrapolate that to most of the other taxes I’ve mentioned above.

To make the opposite argument, the interstate highway system was made with taxes, but it is an anti-tax.  It lowered the cost of goods and services across the country and paid for itself many times over.  Let’s compare to the “war on poverty” where we’ve spent trillions, and taken exactly zero people out of poverty since the poverty rate was dropping before the “war on poverty” started.

I beat The Mrs. at Scrabble®.  Now she is sending me threatening letters.

You know, when the interstate highway system was just getting going?  Huh, I wonder why we didn’t build the Taliban one of those?  Well, Biden still has three more years.

I’m Back. Also? The Economy Is A Mess.

“Good. Then climb up, get inside, and make it spin.” – Cobra Kai

Oh, wait, then she couldn’t circle back?

JW Note:  Monday was the third day (I think) that I had to skip a scheduled post since 2017.  It’s nice to be back.  Thanks for waiting.

I was driving down the road.  It was Christmas Day, back a zillion years ago.  There had been a fresh few inches of snow on the paved road.  I was going to see my parents.  The day was overcast, and cold, with temperatures hovering around 0°F (101.325 kPa).

My car was going around 70 miles per hour.  There wasn’t another car on the road, and I could see for miles.  Little did I know that I would soon have an auto-body experience.

Instead of snowplows, the county had used road graders to scrape the snow off the asphalt.  One result of that was that there was a continuous tiny hill of snow in the center of the road where the yellow line would be.

As I drove along, I reached to change the cassette tape.  Perhaps a switch to AC/DC® from the Crüe?  I wandered off just a little bit toward the center onto that little hill as I reached into the tape box.  It slowed my car.  On one side.  Just a little.

The result wasn’t little.  A force applied to one side of the car led to the other side going forward faster, a result most people call . . . spinning.

Or in this case, Tyrannosaurus Rexth. 

The car went into a very fast spin as the car’s forward energy was transferred into angular momentum.  I could probably describe the amount of energy in math, but I was concentrating right then and there on not being reduced to my personal lowest common denominator.  But you can think about it this way:  how fast would a car going 70 miles per hour spin if all the forward energy went into spin?

Fast.

This spin forced the weight of the car onto the driver’s side wheels as the car bled linear energy into rotational.  As the car spun, out of control, there was no real way to do anything.  Everything was happening far too fast.

The spinning car spun up a small tornado cloud of snow from the road.  Finally, the car tilted up on the driver’s side tires, and tilted up, 30 degrees from horizontal.  It stopped rotating.

The car then slammed down, at a complete stop, engine stalled, and every light on the dashboard on.  The defroster was blowing snowflakes into the car, and every window was covered with white flakes of snow, outside and inside.

There is only one thing I could do.  I got out of the car and stared down the asphalt at the path I had been on.  It all happened so fast that had little time to feel any fear.  Besides, who can be afraid when Bonn Scott was busy telling me all about Rosie?

How does he like his eggs in the morning?  Ohhhhhmmmmlette.

I had been going due east, facing right into the ditch.  I was now pointing due south.  The entire time, not a tire had left the narrow two lane asphalt road.  I looked back on the track the wheels had made, and it looked like the path of a figure skater doing a pirouette.  I got wiped off the car windows, got back in, backed up, and headed east again.

Much more slowly.

Back when the ‘Rona first started, the long-term implications (to me) were clear.  The immediate shutdown of large segments of the global economy would be disastrous.  It was certain to leave a mark.

The toilet paper binge was signal one.  When people panic, they feel that they have to do . . . something.  Buying toilet paper wasn’t rational.

Here at Casa Wilder we actually had a relatively ludicrous amount on hand before the whole mess hit.  It was (sort of) a prepping situation.  We kept buying more than we needed, and it kept adding up.  And up.  Before too awful long, we had the basement bathroom stacked pretty high with the stuff.

I hear that two guys stole a calendar from Capitol Hill.  Each of them got six months.

When the storm hit?  Well, let’s say that we were squeaky clean.  And we didn’t buy a single sheet.  We weren’t part of the problem, but part of the solution.

But the economy wasn’t.  Every bit of initial distortion from the economic dislocation was amplified.  It echoed down the system.  What kinds of shocks?

  • Initial runs on supplies.
  • Federal stimulus.
  • Initial lowered consumption of fuels.
  • More Federal stimulus.
  • Lower demand for office space.
  • More Federal stimulus, which increased unemployment benefits, distorting labor incentives.
  • Eviction moratoriums, distorting housing costs and lowering profits of building owners.
  • More Federal stimulus.
  • Spiking stock markets with contracting GDP.

I’m thinking that, in retrospect, Federal “aid” was probably the worst thing we could have done.  It provided the greatest expansion of government powers since FDR nearly destroyed the economy with the New Deal.  If the Federal government could tell a landlord in Podunk, Iowa that he couldn’t kick out people that refused to pay, it’s only a tiny step to saying that the landlord should let people move into his guest bedroom and feed them pancakes when they demand them.

French pancakes give me the crepes.

That might be the worst.  But the economic situation has all the charm of a pitbull that just quit smoking, and it will be the spark.

Wilder’s Law (might as well grab one when I can) says that Federal debt doubles every eight years.  The debt is right now at $29 trillion.  That means that (on average) the debt will rise by $3.5 trillion each year.  That’s a lot of money.  Some people work a whole year and don’t make that much!

I think we’re on track to more than double it in the next eight years, regardless of who is in the White House.  The end state of any exponential curve is, well, exponential.  The headwinds we are now facing are strong.

  • Medical costs, which are growing faster than Germany between 1939 and 1941.
  • Infinite Leftist “free” programs to see who will be trained to be the poet in Collective Farm #8675309 (I bet it will be Jenny).
  • Whipsawing energy availability. I promised Lord Bison I’d do an energy post again sometime soon, and we need to review where we’re at.  Is energy expensive because of political reasons, or because of physical reasons?  We need to have a great documentary about oil.  We can save it under non-friction.
  • Political division that mirrors only a few times in our history. Hint:  all of those ended in historic levels of bloodshed.  I’m sure this time will be different.
  • The man is a potato.
  • Lashing waves of inflation and shortage, as I predicted back in July. Heck, I priced cheap electric outlets the other day.  They were shocking!
  • China and Russia seeing their moment. Why didn’t anyone Xi that coming?
  • Joe Biden’s America? Borders are open, no jab required.  Oh, wait, have a job?  Jab required.

I wish that I could tell you that things will get better soon in the economy.  It is certain that they won’t.  The economy is shifting in unpredictable ways.  When you have a system that is working at its limits every single day and then subject it to amazing levels of stress?

It will fail.  No chips for new cars.  No drivers for trucks.  Chicago getting ready to lose a big chunk of cops.  The worst dislocations are yet to arrive.

The government solution will certainly make things worse.  How can I tell that?  It already has.  The dreams of those who assume that prosperity can be bought at the price of new law or regulation or printing more cash has always failed.

Second place winner, Collective Farm BR-549 poet competition.

Prosperity is hard.  Really hard.  The natural state of humanity has been one where starvation was always a possibility, where actually consequential diseases (see:  The Black Death or The Justinian Plague) was inevitable from time to time.  It was so bad that episodes of that show you love were on the streaming service that you don’t have and you’re not going to buy another one.

We live in a world that has become just like my car on that Christmas Day so many years ago.  It was moving down the road at full speed.  One tiny two-inch hill of snow caused it to spin.

I assure you we haven’t been anywhere close to the worst that this downturn will bring.  Prepare.  Stay away from crowds.  And if you and all you love all still there when all four wheels drop back on the ground?

Say a prayer.

Of thanks.

We can’t have too many of those.

The Wilder Manifesto, Complete With Otis

“Okay, whose job was it to feed the butterflies?” – The Venture Brothers

What do you call a unicorn’s dad?  Popcorn?

I remember reading a story as a child – I’d give the source if I could remember, but too many years have passed since I read it.  I’m at the age where I’m having trouble remembering names – mine for starters.  But some stories stick with you, especially when you can relate to them like I relate to batteries.  I mean, like batteries I’m not included in anything, either.

In this particular case, a young Japanese girl sat in a classroom.  Her desk was near a class project.  Inside a terrarium, a caterpillar had spun its cocoon and was slowly turning into a butterfly.  Each day, the young girl would watch this metamorphosis.  Finally, the butterfly was finally ready to emerge from the cocoon.

It struggled.  The little girl watched, sympathetic to the beautiful butterfly that was trying to free itself.  She could hardly wait – little kids are like that.  Every minute the butterfly tried to escape, she was torn.  It worked so hard!  Finally, she couldn’t help herself, and helped to tear open the cocoon for the butterfly.

The butterfly fell to the bottom of the terrarium.  It walked along the bottom of the terrarium, pitifully.  Soon enough, the butterfly died.  The little girl saw this happen.

That butterfly knows what it did.

The teacher pulled the little girl, who was now crying, aside.  “Did you help the butterfly get out of the cocoon?”

“Yes,” the little girl replied.  “It was struggling so!  I couldn’t stand watching it fight so hard!”

“You have to understand,” the teacher responded, “Only by struggling to escape the cocoon does the butterfly build enough strength in its wings to fly.”

Then he straightened up.  “You KILLED IT!  You’re so stupid!” screamed the teacher and then sent the little girl to the Japanese PEZ® mines.  Okay, in the story I read, the teacher didn’t scream that at the child, but I like my ending better.  In my defense, The Mrs. says I’m a high-functioning sociopath.

Butterfly and PEZ© mines aside, a repeated, tragic, repeated lesson of humanity is this:  misplaced compassion destroys.

I apologize.  John Gruden made me make this meme.

Misplaced Compassion

The median world household income is sort of a guess.  In 2013, Gallup® estimated it was about $10,000, and I haven’t seen a more recent number.  So, if everyone made the global average income, per capita, we’d each make about $2,900.  Per year.

The average family in the world is really, really poor.  But, hey, give a poor man a fish and he eats for a day.  Give a poor man a poisoned fish?  He eats for the rest of his life.

If you needed an explanation of why people are attempting to come to the United States, even the poor people here generally make more than $2,900 per year.  Welfare benefits for illegals (in the scale of their home countries) is big bucks, plus they get free schools.  The magnet driving the illegals is the wage imbalance (if they want to work, and many do) plus social programs (whether they want to work or not).

Being poor in the first world is better than being above average income in most countries.

Huh.  They called that a traitor when I was a kid.

This is not sustainable, because there’s a problem.  People rampage across borders in endless waves, yet capital flows freely.  Even as people flood the border, and I’ve heard estimates of 3,000,000 this year, industry flows away.

Capital flows freely, it flows without respect to any sort of morality.  Add in zero tariffs?  It’s a race to the bottom.  The economy hollows out even as millions come to partake in it.  Heck, if it gets bad enough, Google® might have to lay off some congressmen.

Just kidding.  Google™ would have to lay off all the congressmen.

The lure is simple.  Short term, we all get to buy lower-cost stuff.  Long term, however, it results in a shell of an economy.  Supposedly, one of George H.W. Bush’s economic advisors said, “It doesn’t make any difference whether a country makes computer chips or potato chips.”

That’s true.  Unless you live in what we call the real world.  Check the wages of people who work at either place.  Get back to me and tell me it doesn’t matter.  That’s the sort of short-term thinking that leads to long-term poverty and the eventual destruction of a nation.

What do you call a sad Italian parasite?  A hopeless Roman tick.

Venezuela Effect

The other problem with the social safety net is that the money and effort spent in creating and maintaining it is money and effort that isn’t spent advancing the economy.  Even if we had infinite amounts of money (spoiler alert:  we don’t) we have only so much effort.

Socialist giveaways lower motivation and destroy economic productivity.  I even made the argument with a Leftist friend that we should delay the implementation of socialism so we end up with better technology.  He agreed.  But, let’s be fair – in a pure capitalist economy, it’s man exploits man.  In a socialist economy, it’s the reverse.

What we are morphing into is a government of the takers and the oligarchy versus those that produce, perhaps the worst possible combination of crony capitalism and socialism combined.

One model of this is Venezuela.  The government replaced the leaders of the oil company, PdVSA©, with loyal commies.  A company that previously was one of the leading economic winners in the country (heck, the continent) was transformed over a decade into a basketcase that had to import fuel.

Yes, Venezuela is sitting on one of the largest deposits of oil in the world, yet they degraded their economy so they couldn’t make fuel.  It’s like Hollywood having to import movies, or Washington, D.C. having to import corruption, or a Biden having to outsource sexual depravity.

Biden met with his cabinet today.  And argued with his desk.

Welcome to our future under Brandon, er Biden.  Being a tick is a great business model until there are so many of them that they kill the host.  But I guess that the reason for that is real socialism has never been tried?  From a tick’s point of view, I guess they just need more dogs.

Also, the social safety net isn’t based on any moral concept, either at the source of the money (which is not freely given, but taken) to the recipient, whose only requirement is to fit a category and be breathing.  Forced charity isn’t charity.  Unworthy recipients are little more than thieves.

I mean, not that I have an opinion.

Potterville

In It’s a Wonderful Life, Jimmy Stewart’s character is shown a world where he didn’t exist.  The same thing happened to me, but it was just called “Tuesday”.  In Jimmy Stewart’s case, it was Potterville – a town where everything that wasn’t illegal was fair game for capitalists to exploit.

And exploit it the Potterville that was the United States, they have.  The “money” monopoly was made possible by the end of the Cold War.  With enough nukes, pretty much everyone is going to take your cash.  So, the idea was to print money and get stuff.  As long as that worked, the party could go on forever.

When I win a journalistic prize for this blog, I’m going stick my finger out to Joe Biden and say, “Pulitzer.”

This was built on the idea that there was a check on political financial abuse.  Bill Clinton was famously quoted as saying, “You mean to tell me that the success of the program and my re-election hinges on the Federal Reserve and a bunch of f*****g bond traders?”  In the 1990s, there was a check on the excesses of the Left.

In 2021, apparently, those f*****g bond traders have no real place to invest or are “all in” on Weimerica, so the printing presses go brrr.  Why make (spins wheel) tires when you can make them with nearly no labor costs and no safety or environmental regulations right where they grow the rubber trees?

And if a plucky guitar company (Gibson®) wants to make guitars in the United States and they don’t agree with you politically?  Why not go after them for a non-crime for “importing wood” from countries that wanted to sell them the wood?

Sounds like Potterville to me.

Another Way

Our choice isn’t only between Potterville and Venezuela, or the strange blend of the two that we are becoming.

First, we have to have a nation.  Nations matter.  The second thing we have to have is morality and virtue.  As John Adams said, “Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.”

And he was right.

The choice is the “Lived Experiences” of the Leftist mob creating a new Venezuela combined with Global Capitalism creating a Potterville, or the other way:  Mayberry – morals based capitalism, a self-moderating system.

  • The failure of Potterville is that something being legal doesn’t mean it’s moral.
  • The failure of Venezuela is that universal socialism is jut theft from everyone.
  • Combining the two leads to Purdue Pharma® selling poison while the government pays for it.

Rebirth is possible only with morality, not a reversion.  1992 will always turn into 2022 unless the morality changes.

And he likes his martini shaken.  Or stirred.  Or unmixed.  Or still in the bottle.  He’s not picky.

Politics is downstream from culture.  Culture is downstream from values and morality.  What values do we share?  What morals do we share?

Who do we serve?

In the end, misguided compassion will destroy more than the economy.  It will destroy us all, as will capitalism without morality.

There is another way.

I believe in America.  We will find our way.  It will not be what came before.  Like a butterfly, we will struggle.

Let us hope that struggle builds our strength.

Gresham’s Law, Bad Money, And Trillion Dollar Coins

“The money in your account. It didn’t do too well, it’s gone.” – South Park

You can always tell if a coin is fresh:  it smells like the mint.

As I’ve mentioned before, Pa Wilder was a banker.  There are certain advantages to being a banker, and back in the late 1970s, he took advantage of one of them.  It’s nice that being a banker has some advantages, because so many of them are loaners.

What Pa did was go through the change that came into the bank drawers.  Pa would then take a quarter and replace it with another quarter.  Okay, that just makes him sound crazy.  Isn’t one 25₵ piece just like another?

Well, no, not in the 1970s.

In this case, Pa was taking a 90% silver quarter and replacing it with a 0% silver quarter.  Prior to 1965, dimes, quarters, half-dollars, and dollar coins had been made from 90% silver.  Eventually after details, blah, blah, (this isn’t a coin collecting blog) the value of silver in the coins went to zero.  It’s virtually certain that all of the coins you receive as change in 2021 are of the 0% silver variety.

Why?  Well, people like Pa.

Pa had the coin flow for an entire small farm bank, so he could pick and choose.  He replaced 90% silver quarters with 0% silver quarters.  On the balance sheet, there was no change, so he wasn’t stealing from the bank.  The bank had a quarter, and then after Pa swapped it out, the bank still had a quarter.

It wasn’t the same quarter, mind you, but the cost to the bank was zero.  If you’re looking for a perfect heist, this is it.

Pa walked away with hundreds of dollars in 90% silver quarters, all just by leafing through someone else’s drawers.

I saw a werewolf at work.  Or maybe it was a hairy guy.  Regardless, the silver bullets worked.

We’ve had some discussions where I’ve referred to our current money system (fiatbux?) as money.  More than one person in the comments has said, “No, that’s not money.”

Well, it is.  I can take a $100 bill and go and buy some beer and cigars and PEZ®.  I could also do that with a gun, but the fact that everyone will go along with the deal means that the dollar really is money.

But it isn’t good money.  I’d gladly swap out that $100 fiatbux for $100 in 1965 silver quarters.  The $100 in 1965 silver quarters (checks Internet) could be bought on the open market for $2100 or so.  That shows that the silver coins are 21 times better money than our current fiatbux.

This little story is an example of Gresham’s Law.  Sir Thomas Gresham is an old, dead English dude who made massive amounts of money back when the style of the day was to wear fluffy black pancakes on your head while hoping that Queen Elizabeth didn’t have a bad day and order your execution because (spins wheel) “she was not amused and really wanted pudding for dessert.”

Okay, it’s really Sir Thomas Gresham on the left, and George R.R. Martin on the right.  Notice I didn’t say write, because I don’t think George remembers how to do that.

Stated simply, Gresham’s Law is:  “Bad money drives out good.”  In my example, the bad money was the 0% silver quarters, the good money was the 90% silver quarters.

Why would I take bad money when I could get good money?

You wouldn’t.  No one does.

During the Zimbabwe hyperinflation, people would take United States dollars as payment, but they’d give you never-ending stacks of Zimbabwe cash as change.  The bad money (Zimbabwebux) was driving out the good.  The dollar, though not “good money” was still better than the wrapping paper that the Zimbabweans scrawled zeros across like an eight-year-old with a pen.

The brain is the most important organ in the body.  According to the brain.

Why is that important?  Because in 2021, the government of the United States has fully embraced the Zimbabwean concept of “we’ll just print more money.”  The reasoning is simple:  if a football game can’t run out of points, well, why could a government run out of money?  We can just print more.

That’s the sign that the Left half of the bell curve has finally taken the reins of power.  The short-bus pity graduates have decided that the phrase “we don’t have enough money” will cease to be an impediment to their wishes.

This year we’ll spend more money than ever in the history of our country.  It’s bad.  How bad?  In order to avoid a debt default because the Democrats are insisting that they have Republican assistance since they don’t want to go solo.  The Republicans are resisting spending money because that’s what they pretend to do whenever a Republican isn’t president.

I went to an Irish mechanic the other day.  He couldn’t fix my engine, but he could blow up my tires.

The current idea of the Washington set is to make a coin that says “one trillion dollars” on it and deposit it with the treasury.  I’m not making this up.  This is their actual plan.

This is the plan of people who are not serious.  They’re looking for pretend loopholes to evade the law.  The bright side is that they are at least pretending that the law exists.  Regardless, the goal is to take a chunk of metal, write $1,000,000,000,000 on the side, and keep the spending party going.

Woo!  More sangria!

The one thing that is sacrosanct in the world of 2021 is this:  thou shalt keep thy government debt whole and multiply it.

Strangely, this is exactly (really, exactly) the same thinking that the leader of Zimbabwe had:  “Dude, we have more paper, so we can totally print more money.”  We laughed when Zimbabwe printed trillion-dollar notes.  People in the government of the United States are ready and willing to create a trillion-dollar coin.

At least this one is (according to the news) platinum.

If this keeps up, JCPenny® will have to change its name to JCTrillion©.  And the smell?  It’s nearly certain the coin didn’t poop its pants.

The excuse to pull the silver out of money was that “it is costing too much money” to make the coins.  A quarter (last article I read) now costs over 12₵ to make – but that article was nearly a decade old.  Given inflation, I’d bet that it costs nearly 20₵ to make 25₵, and probably costs at least 3₵ to make a penny.

Looks like over time, the value of bad money begins to match what it cost to make.  Beware:  it only costs about 14₵ to make a $100 note.  That trillion-dollar coin?  It will probably cost $1000 or so to make.

Wonder what Pa Wilder would have done if he would have stumbled across a trillion-dollar coin in the bank’s drawers?

Probably, he would have thought it was a fake.

Which, of course, it is.  I guess the government is going through our drawers, driving out good money with bad.

Bikini Economics And The Money Supply

“What do you know about gold, Moneypenny?” – Goldfinger

One of the few things that Pa Wilder left me in his will was his bed. I guess you could call it an heir mattress.

On April 5, 1933, Franklin Roosevelt signed an executive order that made the owning of more than trivial amounts of gold by individuals illegal. Owning gold wouldn’t be legal again until Gerald Ford signed a bill into law that reversed that abomination of a policy.

That law went into effect on December 31, 1974, and people could once again buy gold.

In 1933, the price of gold was fixed: $20.67 per ounce. It didn’t vary, because the value of the dollar was pegged to the price of gold. The Fed© couldn’t print dollars unless they had at least 40% of that value in gold to back it up.

Pro tip: If you have a balloon elephant that won’t fit in your backseat, you can always pop the trunk.

What did the government then do?

It defaulted on the dollar. A dollar had been worth (around) 1/20th of an ounce of gold. After the government stole it all, they decided that a dollar was now only worth 1/35th of an ounce of gold. Poof. Immediately, and with the stroke of a pen, the government stole 43% of the value of every dollar in existence.

The penalty for “hoarding” gold was a big one: a $10,000 fine and up to 10 years in the slammer. I guess the government didn’t (and doesn’t) like competition when it comes to stealing.

It was the biggest heist in history – until Nixon severed the link between the gold and the dollar completely. After that, people could own gold again. There was no real reason for the government to not allow them to own it: they had now stolen the rest of the value of the dollar.

If you rob a vape store, is that a Juul® heist?

And it only took 41 years from 1933 to 1974 to convince people that was acceptable.

Since Nixon removed all gold connection, a dollar is worth (today) about 1/1800th of an ounce of gold.

But that isn’t enough to feed the beast.

The (metaphorical) printing presses have been shoveling money into the economy under the mistaken assumption that all we need is additional debt to keep the engine going. It’s like a demented congressman who doesn’t understand engines deciding to open up the hood of an F-150® to just pour gasoline on it using the dim understanding of a toddler that, “gasoline makes engines go, so if I pour enough gasoline on the engine, it will be as fast as a spaceship.”

That’s really what passes as logic in Washington, D.C. now. I keep writing about the economy in the slim hope that whatever passes for an intellect in the halls of congress will get distracted enough to spend at least a minute or two learning before returning to the concept of, “Ugh, free stuff good. Grug pay for stuff easy because all money free. Wonder why Grug’s armpit’s stink?”

I swear, AOC couldn’t spell “cat” if you spotted her the “C” and the “T”.

See, economics can be interesting!

The Fed® has gone all-in on this economic shadow puppet theater, shoving pools of money toward banks to shore up their balance sheets. Some of the people who are on the winning side of this great wave of money being sloshed around have even spent some.

Blackrock® buying up all the houses for sale? Yup. They see what’s coming. All the rich and powerful buying farmland that will never produce enough via crops or cattle to justify the price? They see what’s coming. They’re moving as quickly as possible to use this money to buy everything they can.

And people are happy. “Hey, I sold Ma’s old house after she passed away for twice what she paid for it in 2000! I made out like a bandit.”

It’s not all bad. Thankfully, the velocity of money is down.

What’s the velocity of money?

That’s how fast a dollar gets spent. Poor people move money the fastest – a dollar comes in and, poof, out it goes again. They have to spend it because they don’t have any spare money. They get paid on Friday and on Saturday it’s turned into rent payments and insurance payments and Cheetos® from Target™.

Roses are red, roses are blue, depending upon their velocity relative to you.

But the velocity of money is now slower than Joe Biden when he’s asked difficult questions, like, “What is the year, Joe? Hey, we’re talking to you. Dammit, he’s gone catatonic again. Someone get those squeaky toys he likes. And keep Kamala out of the vodka.”

Things would be far worse if the velocity of money hadn’t dropped so far that it was moving as slow as Oprah trying to get off of a couch. Since poor people slosh it around so much, that means it’s exactly where the Fed® put it: with the rich people.

So, if the money supply has gone vertical, then why hasn’t the price of everything doubled?

And most of it is sitting in pools right now. Except for the early adopters who are looking for something, anything to buy so that when the dust clears out of the coming inflation that they are richer than ever and Oprah has even more Twinkies®.

I’m not against capitalism – but this isn’t capitalism. It’s a rigged card game where your money evaporates – first slowly, and then all at once.

The engine of debt isn’t driving economic growth anymore. What the debt is doing is papering over the holes in the system so that it keeps going another week, another month, and hopefully another year.

But the downside to this is the longer a failing system is kept going by speeding it up, the more energy it stores, the bigger the crash, the bigger the collapse.

Why did Princess Diana cross the road? Inertia.

The economy has inertia, though. Even though it’s working on the most significant collapse in the history of the United States, people still believe. They take dollars because they believe. They believe the rules aren’t going to change.

They will.

Since we’ve seen this game before – we can take at least some steps to protect ourselves. I suppose it’s time to buy PEZ® before the rush . . . .

Emotional Bank Accounts – Another Form Of Wealth

“I’m yours, Lurch.  My heart.  My soul.  My bank account.” – The Addams Family

If it’s 2% milk, what’s the other 98%?

I generally try to be an upbeat person.  I’ve got good reason to be.  So far, at least, most of the worst things in my life have led to most of the best things in my life.  And it seems the worse the initial event is, the better the final outcome.

The track record is pretty good.  I’m optimistic.  Heck, with a small thermonuclear war, who knows how good things will get for me!

Optimism is one of my personal keys to life.  And it’s key to my relationships.

One thing I’ve learned (besides the fact that cats float but don’t like it) along the way is this:  what I get out of my relationships is just like my job or any other aspect of my life.  The more that I put into the relationship, the more that I get out of the relationship.

“I have become Fluffy, Destroyer of Worlds.”

Stephen Covey called this the Emotional Bank Account®.  I put the little ® there in this case because Stephen Covey ® almost everything under the Sun.

The idea of the Emotional Bank Account™ is simple:  every relationship that you have is one where you’re either doing the things that build the relationship or doing things that cause the relationship to fade faster than Johnny Depp’s career.

A ramen noodle warehouse burned down.  Dozens of dollars in inventory were destroyed. 

This is a simple and important concept.  In my career I’ve worked in lots of different office environments and seen lots of different characters that quickly developed an overdraft situation with me:

  • The Complainer: There’s a problem with everything, in the view of a Complainer.  It’s like working with Goldilocks, but the porridge is never, ever the right temperature.  There is no topic that isn’t complained about.  Heck, if they were the manager of the Tesla® plant, they’d complain that the place smelled musky.
  • The Helpless: Helpless people simply cannot do any particular task, and need help each and every time they do it.  If you allow it, they’ll pawn off as much of the task to you as they can, each and every day.  What’s the name for a collective parasitical group of people like this?
  • The Woe-Is-Me: This is a perennial victim.  Everything in their life that’s bad?  They’re not responsible for it.  How bad is their life?  They have to shop at Wal-Martyr®.
  • The Untrustworthy: Think you’ve told them a secret?  Soon enough the entire office knows.  And untrustworthy people who use marijuana are worse.  They’re guilty of high treason.
  • The Emergency Room Doctor: Everything has to be done now – it’s all urgent.  And there’s a sense of criticality about even the most mundane tasks.  I mean, if your parachute doesn’t open, why panic?  You’ve got the rest of your life to fix it.

Those people are draining.  Don’t be one of them.  How do I know this?  Once I was going through a rough patch, and was slipping into Woe-Is-Me.  I could sense from my friends that I had ridden that pony a little too long, or maybe I needed to up my deodorant game.  I decided to stop complaining.

Then The Mrs. complained that I don’t buy her flowers.  I have no idea when she started selling them.

I decided that if I had a problem worth complaining about, I’d deal with or shut up.  Even my best friends have a max tolerance level for dealing my emotional complaints.  The Mrs. is even more direct.  When I whine, her only comment is:  “And what, exactly, are you going to do about it?”

Oddly enough, though, I found that (in most circumstances) when I’m a positive person, people like to see me around more.  They ask me for help.  They offer help.  My account balance is full.

It’s not just at work.  It’s not just my friends.  It’s my family, too.  If every interaction that I have with them is negative, people aren’t exactly happy when Pa comes home.

Hopefully, this knife joke wasn’t too edgy. 

Being a positive, productive, trustworthy person?  When times are good, it’s important.  When times aren’t good?

Maybe even more important.  And when we talk about wealth, being surrounded by good, trustworthy people is wealthy, indeed.

The Command Economy, Coming Soon To A Nation Near You

“Mr. Sulu, lock phasers on target and await my command.” – Star Trek: The Wrath of Khan

Kim Jong Un and Dominos Pizza® share one thing:  both can deliver a crispy Hawaiian in thirty minutes or less.

At the end of the Roman Empire, laws had to be passed to keep the place going.  Some of the laws were normal, like huge taxes complete with people to come break your kneecaps if you didn’t pay the tax.  Some of the laws were a last-ditch attempt to keep the Empire going – the Romans were having difficulty developing technology because they couldn’t do algebra.  Whenever the Romans tried to solve for X, they kept coming up with 10.

Okay, enough math jokes for one paragraph.  The real problem was that laws always have unintended consequences.  When those unintended consequences pop up, what’s the obvious thing for a lawmaker to do?

Well, they don’t call them lawrepealers, they call them lawmakers, so they make another law.  And that new law has unintended consequences, too.  Why?  Because every law has unintended consequences.  If you’re a lawmaker, what’s your solution?

Yet more laws.  It’s like trying to fix a fraudulent election system by voting, but that was what the Empire did – pass more laws.  Expecting politicians to fix actual problems is like expecting the iceberg to fix the Titanic.

It got so silly that they had a law that if you were a farmer, your son had to be a farmer, too, so that Rome had enough farmers.  It wasn’t just limited to farmers, it was any old occupation.  If dad did it, junior had to do it, too.  The reason that they did that is because farmers were headed to the cities where the welfare was better, and just walking off the farms.

I wonder if that had any lasting consequences?

What we’re seeing now in the United States is something sadly similar.  A law is passed, and it has horrible consequences.  The solution?  More laws.

Taxes are simple that way.  Who gets taxed?

That’s simple!  People who don’t have their congressmen’s cell phone number on speed dial get taxed, that’s who.

Why are Sherlock Holmes’ taxes so low?  He’s an expert at deduction.

In order to not tax the people congressmen know, congressmen have to write increasingly complicated laws to create increasingly complicated regulations that then result in complicated interpretations which become as legally binding as the law that led to the regulation that led to the interpretation.  Whew.

Why so complicated?  Because if it were simple, everyone could take advantage of the tax code like it was one of Harvey Weinstein’s dates.

The result?

Jeff Bezos had at least two years that he paid zero taxes between 2006 and 2018.  Good job, Jeff and the legions of tax attorneys you hired!

Me?  I have to make do with TurboTax™, which sadly won’t talk to congressmen on my behalf.

The result of all of these laws isn’t just cronyism, where bald, Bond-villain wannabees like Jeff Bezos and Bill Gates save money so they can take their hideous goblin-looking girlfriends out on dates while their ex-wives slave away with only billions of dollars to show for their decades of devotion, which is quite a bit of money.   Some people work an entire year and don’t make $50 billion dollars.

I wonder if she enjoys his company.  Or his companies?

Tax law isn’t the only problem, and it isn’t even the worst problem.  The worst problem is the Command Economy.

What’s a Command Economy?  Essentially, it’s when the government decides that all of those natural economic laws that follow from generally free commerce that have worked throughout mankind’s existence are useless.  The result?

Men, top men mind you, decide who wins and who loses in the economy.  It’s like Jeff and Bill not paying taxes because legislators are lining up to do what they want, but worse.  It’s more like a transsexual bodybuilder having a prostate infection prior to the women’s weightlifting competition in the Olympics®.  We all know that’s not pretty.

What is the result when people try to plan the economy?

Disaster.  I’ve talked again (LINK) and again about the Soviet attempts at a planned economy.  It never works well.  People respond to incentives, and no single person (or even a bureau of people) is as smart as the collective decisions of millions of citizens.

Perhaps the most tragic story is that of China, which I’ve also written about before (LINK).  There, anything that Mao said, or that Mao’s advisor’s thought he said, became immediate law.  The result was the starvation of millions.  Ask AOC, and she’ll tell you, “That wasn’t starvation, that was simply involuntary food restriction, silly.  It was for their own good.”

Stalin and Mao:  still a better love story than Twilight.

Why did people starve to death?  Because the incentives of productivity were destroyed.  It has even happened on this continent when the Pilgrims showed up.  Their first idea was that everything would be held in common – they even wrote it down in the Mayflower Compact.  So, regardless of who gardened, everyone shared equally in everything.  What could be more Christian than that?

Mutual starvation, apparently.

Two years after the foundation of the Plymouth Colony the Pilgrims dumped their Mayflower Compact on the Ash Heap of History.  People could farm and keep the stuff they grew and do with it whatever they wanted.  The result?  The harvest of 1623 was the best harvest the Pilgrims had, until the next year when they produced even more.  The Chinese have dumped all the crazy Mao stuff, and have used the incentives of the free market to quickly pull amazing numbers of people out of poverty.  The Chinese people say they don’t mind the associated total state political control, but the CCP noted back to the people, “I don’t recall asking your opinion on anything.  Back into the kitchen!”

The secret ingredient in creating real prosperity remains the same:  private property.  Duh.

But people never learn.

Never mix math and booze:  don’t drink and derive.

I fear we’re at the brink of the next, tragic, Command Economy.  Of course, I’d love to blame this on the Left, but at least on this one?  It’s been a mutual suicide pact leaping towards a controlled economy.

Bill Clinton is the unlikely hero here.  Realizing his only path for re-election after his wife’s failed attempt at socializing medicine was to govern from the center, he did just that.  He stopped being a water carrier for the economic Left and stuck to cigars and interns for his amusement.

Clinton is a critically flawed man, but his true allegiance was power, and realizing that the path to it was one of moderation, he followed it – at least in the laws he signed.  Bush II wasn’t so inclined, he never met a person whose money he didn’t want to spend.  W’s abuse of the economy started with “compassionate conservatism” and continued through massive bribes of additional Medicare funding to buy his re-election.  Just as Clinton drove Right to get re-elected, Bush drove Left.

Obama?  Socializing medicine in a way that’s obviously not something that can be paid for in the long term is his legacy.  Otherwise, he mainly just continued W’s budget shenanigans, but with his friends winning.  Of course, why not.  They had his cell number.

I’d love to tell you that Trump was in some way different, but Trump has one strength – making a deal.  The laws of physics and economics are, sadly, not negotiable.  Biden?  Who knows what he thinks.  He certainly doesn’t.  But the idea of opening the checkbook has been continued (by someone) under Sleepy Joe.  I just got a check from .gov.  It was for “advance payment of child tax credit.”

What’s this?

Bread and circuses.  Flooding the economy with cash in the idea that not only votes can be printed by the millions, but prosperity can be printed, too.

Political Tip:  it’s okay to use your family members as political props, just remember, don’t use them as Halloween props.

The result is going to be predictable:  the inflation that’s currently occurring will be an “unintended consequence” of the spending today.  The reactions will be simple, and wrong.

  • “Let’s fix prices.”
  • “Let’s mandate higher wages because of higher prices.”
  • “Let’s give more money to those who need it most.”
  • “Let’s give a tax credit for alternative energy.”
  • “People. We have a lot of them.  Could we turn them into food?  Chuck-fil-a®, anyone?”

All of these ideas sound good (except Chuck-fil-a™, unless they have good dipping sauces), but all of them are wrong.  The distortions that resulted from FDR’s New Deal® still reverberate in our economy today.  Social Security alone has lifted trillions from the economy and removed the incentive to save for retirement.

Just like so many of the siren songs of socialism, Social Security sounds super.  People who get it say, “I paid in for it, so I earned it.”  Well . . . no.  The benefits far outweigh the contributions.  Social Security is really just income redistribution from the young to the old.  But hey, it sounds good, right?

Other distortions, as I said, are on the way.  We’ve seen this song and dance before.  Can’t sell at NY strip for more than $12 a pound?  Welcome to a new cut of meat – the Missouri Strip.  Or the Ohio Strip.  Of course, the reaction from government at this late stage will be to imprison people who attempt to get cheeky by getting around the laws.

What’s the hardest thing about being vegan?  Keeping it to yourself, apparently.

That’s what governments do when they are starting to lose control.  They come down in force on those who thumb their noses.  Look at the charges levied against the January 6 protesters:  they’re unjust.  Why are they unjust?  Because the more frightened a government is, the more it overreacts.

The reaction in the economy will be similar.  The idea that we can ignore thermodynamics and select an energy source without consequence is one that will be chosen.  Ideology will attempt to trump physics.  Instead of being hungry for food, if a Command Economy takes over, we will first hunger for power.

Of course, Leftism has caused nothing but hunger whenever (and that’s not an exaggeration) tried.  Want a diet plan that always works?  Communism is a sure bet.

Why can I be so sure in making that prediction?  When the Romans tried a Command Economy, it failed.  Those farmers, whose sons were supposed to take their place?

Those Roman sons walked away from the productive farms, because the price, their freedom, was too high.

In the end, economics always wins over ideology and bad math.  Always.  Generally, though, a lot of tragedy precedes it.

Let’s just hope this isn’t coming soon to a farm near you.

Cathedrals, Buzz Aldrin, And Changing The World

“You know, most people think that the name Buzz Aldrin has some huge meaning behind it.  Nope, he was afraid of bees.” – Frasier

What’s the difference between Joe Biden and Buzz Aldrin?  Buzz Aldrin walked on the Moon.  Joe Biden likes kids to rub his leg hair.

I think back to the builders of the European cathedrals.  The construction of Notre Dame was started in 1163 A.D., not long after the Norman Conquest of England.  Notre Dame was finished in 1345 A.D.

182 years.  I might not even live that long, and I take vitamins and eat only a diet of meat that I hunt half-naked while armed only with stone-tipped spears.  The people in Wal-Mart® have gotten a bit tired of the spears, but it doesn’t technically violate their weapons policy.  And I use a Visa™ to pay, though they make a “eeeew” face when I pull it from my fur loincloth on a sweaty summer day.

Think about that.  NO!  Not my sweaty fur loincloth, the cathedral.  Think about the motivation that it requires to get up every morning when the thing you’re trying to accomplish won’t be done in your lifetime.  Or the lifetime of your child.  Or the lifetime of their children.

That requires motivation.  Also, I have no idea what they used for alarm clocks, and their humor-blogging infrastructure appeared to be singing marginally naughty songs about the local barmaid and complaining about how French they were and how they hoped the Germans would never invent panzers.

The Hunchback of Notre Dame sure had a twisted back story.

Motivation, though, remains key in everything you do in life, even if you’re not building a cathedral.  One motivational mistake is to aim too high.  When someone aims too high, they run the risk of being disappointed by results.

As I’ve discussed with one of my friends, he noted that research shows the most happy people in the Olympics®, overall, are the bronze medal winners.  Third place isn’t so bad.  Since I heard that the intelligence of dolphins was second only to man, that means Leftists should be happy, being in third place and all.

For the bronze medal winners, well, here they are on the world stage.  They did really well.  Were they close to winning it all?  Sure, close enough to get a bronze medal.  But, there’s the guy over there with the silver medal, so, he and another guy were better.

Most bronze medal winners can be happy that if they’d been just a little bit better, they’d have been in . . . second place.  If they’d worked a lot harder, they’d have still been only one place better.  So, third isn’t so bad.  They might even get the Junior High Marching Band to lead a parade when they get home.

The silver medal winner, though, will always have it eating on him:  what if he hadn’t skipped practice that week?  What if he had pushed a little harder in the weight room?  The silver medalist is plagued with a bushel basket of “what if’s” that will wake him up in the middle of the night.  Second place is tantalizing.  It is the story of near success, like England’s soccer team.

Helen Keller never saw a movie about pirates.  Because she’s dead.

The gold medalist?  It depends.  In many cases, Olympic™ level athletes work for two decades to get the skill and experience to win Olympic® gold, to be, literally, the best in the world at something that no one will pay them to do.

Sure winning’s great, right?  But what happens when the dog finally catches the car?  What then?

Let’s move sideways a bit more, and return to one of my favorite people in history:  Buzz Aldrin.  It will all make sense in the end.  I’m a trained professional.

Buzz was a guy who did a lot of things that were world-class.  He went to the USMA at West Point.  He was a fighter pilot who shot down commies in Korea, but still didn’t get to kill as many commies as Mao or Stalin did.  He got a doctorate from MIT on rocket navigation.

And one other thing.  What was it?

Oh, yeah.  He was the second man on the frigging Moon.

That’s really cool.  But there appears to be a downside to that.  It wasn’t a just something small and fleeting like an Olympic® gold medal, it was one of the ultimate gold medals in all of human history.

Ever.

How do you follow that up?  Get a Denny’s® Franchisee Award for cleanest bathroom in Des Moines?

I hear Santa’s bathroom is clean because he uses Comet.

Neil Armstrong figured out how to follow it up.  That man was always kind of spooky and Zen and perhaps was okay owning a Denny’s© in Des Moines, selling Moons over My Hammies™ and Rootie Tootie Fresh and Fruity® pancakes.

Buzz didn’t figure it out, probably because his work in physics and killing commies did not prepare him to make a decent pancake.  Imagine:  Buzz was 39 and there was literally no way his life hadn’t peaked.  Nothing, and I mean nothing he could ever do again would match up to what he did.

First a week passes.  Then a month passes.  Then a year passes.  The hollow feeling inside of Buzz grew.  How do you move forward?  How do you top yourself?  I mean, you could make a really great pancake, but it would have to be the best pancake in the history of pancakes.  Dang.  That still doesn’t beat being on the frigging Moon.

He was stumped.  He had fame.  He had the ability to get whatever money he wanted, more or less.

But he had peaked.

What to do?

Buzz crawled into a bottle.  Eventually, after leaving the Air Force, Buzz even spent time selling used cars.  Sure, that worked for Kurt Russell in the 1980 film, but Buzz was awful at it.

What’s the difference between a used car salesman and a COVID-Jab advocate?  The used car salesman knows when he’s lying.

As near as I can tell, Mr. Aldrin finally pulled himself out of his funk.  He finally decided his place was being an advocate for manned spaceflight, specifically to Mars.  He even helped to create a transfer orbit to make a trip to Mars the most time-effective that he could envision.  You could say that Buzz figured out the gravity of the situation.

That more than anything, I think, helped him.  Buzz found something that was so big, so important, that he knew he wasn’t going to be able to do it in his lifetime.

Mars.  A worthy goal for mankind.  A goal that is meant for brave dreamers, for people who might want to change humanity.  He had found his cathedral.

Again.  Buzz had already done it once.

Mr. Aldrin is an unusual case – one of the highest achievers in a generation of high achievers.  Many mornings I’m just glad that the alarm managed to wake me up.  But I’ve had my share of success in the business world, reaching as high as I ever really wanted to go, doing the one job I wanted to do.

When Buzz Aldrin, Neil Armstrong, and Mike Collins went to meet President Nixon after the Moon mission, Mike had to spend the entire time driving around the White House.

Where Buzz aimed high, perhaps I didn’t aim as high, but I still got there.

Then what?

My writing is a part of that.  Where do you go when you have whatever you want?

You find something important, and you start building.  You start building something more important than you.  I think Neil Armstrong found that when he started teaching.  Perhaps he got his satisfaction from helping the next generation learn.

I can’t be sure.  Neil didn’t really say.  He seemed happy that the attention had passed.  My Apollo-gies if I got that wrong.  And this isn’t about him, anyway.

The lesson I learned from Buzz was a simple one:  have a goal.

Find a cathedral to build.  Find something so much bigger than yourself that you’re willing to build it even though no one alive on Earth will ever see it through.  Make it something that you can care about.  Make it big enough that, at best, you can help build only part of it.

If you can find your cathedral, you will have the rarest of gifts:  you will shape the future.

Remember, not all cathedrals are made with stones, and the best ones are built in the minds of men.

Why?

Because rent is cheaper there.