Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Wednesday, April 1, 2015

The Theory of "Intelligent Valuation"

I reject the economic theory of inflation.  That's right.  I firmly believe deep in my heart that all currencies were created with their real values by intelligent valuators.  Inflationists will have you believe that real values of currencies have changed over time and that our modern reality is just the current state of that ever-transient change.  But were any of them there to see it happen?  These so-called economists will go so far as to suppress the teaching of Intelligent Valuation in schools so that our children will all be converted to their beliefs.  It's time that people learn that Inflationism isn't all it's cracked up to be.

In this post, I'll be highlighting the flaws that the inflationists don't want you to know.  I will be taking the method of tearing down a lot of the common arguments they spew and illustrating countless counterexamples to stand as evidence that intelligent valuation explains the reality better.  Sure, the inflationists will try to confuse you with all their talk of consumer price indices, Giffen goods, demand pull, and cost push.  They're all just ad hoc hypotheses that are built on the faith-based assumption that intelligent valuation can't be true.

Thursday, December 26, 2013

Atheism as a Function of Wealth

There is an article making the rounds by a Chris Arnade which puts forth the thesis that atheism is an intellectual luxury for the wealthy.  There are arguments to be made that this is somewhat of a valid claim, but I can't say that I find his evidences for this to be particularly meaningful.

Here is the link to a reprint of the original article.
http://www.rawstory.com/rs/2013/12/24/atheism-is-an-intellectual-luxury-for-the-wealthy/

I was originally linked to the article by way of a Youtube video which more or less made the counterargument that the best thing we can do is really push for reform that helps to take people out of the poor lifestyles in which they live so that they are less likely to use religion as a crutch.  I have something further to add to this, but I'll get to that.  I have other points worth making about the article in addition to that.

Thursday, November 10, 2011

Idiocy worn on the sleeve.

For a long time, many people in the atheist community, myself included, have been denouncing many members of the Republican party, and especially of the extremist Tea Party nutjobs as being anti-intellectual.  It isn't exactly rare to hear them lie about science and particularly evolution.  It isn't rare to have them support the teaching of creationism in a science class.  It isn't rare for them to rewrite history to claim that Reagan brought income taxes to their lowest level ever or that the "Hoot-Smalley" tariff was created by liberals.  So often, they get on the backs of some of us for being too "elitist"...  as if that's a bad thing.  Is it necessarily wrong for people to want the best of the best that the country has to offer...  the most eminently competent individuals to be the ones in the seats of power?  If I'm to elect a person who is to represent the needs of the greater good, wouldn't it be a decent idea to actually have someone there who is better equipped than Joe Six-pack to do the job?  I don't particularly care if the guy is such an asshole that I'd not dare make small talk with him over beers.  Elitism isn't just not bad; it's in every way the correct attitude to have when it comes to picking your leader.  Oh wait... that's an elitist thing to say, isn't it?  Big fat hairy deal.  Roll over and die if you think the laws of the land need to be decided upon by someone with no greater brain-power than the average person.

So, there have been a number of  Republican debates already, all of which showcased various brands of insane stupidity...  and a few pro-stupidity.  Then Rick Perry dropped this gem.


Monday, September 12, 2011

If Only I had a Nuclear Arsenal...

...  I'd nuke every last ultra-conservative district.

After seeing the sorts of things that people had to say in the recent Republican debate, it is pretty well clear that if this is what conservatives really want out of the leader of the nation, then there is no place for them on this Earth.

Mitt Romney was leading the party for quite some time, and while I have my problems with him and his magic underpants, he is, in an odd way, more centrist than the liberal-by-affiliation-only Barack Obama.  Romney is willing to be anything and take on any sort of role in order to gain and hold onto the presidency.  If the populace swings conservative, he'll play conservative...  if he needs to be liberal, he'll be liberal.  If he's in a crowd which wants gay marriage, he's in support of it.  Another day, he'll be in a crowd which is anti-abortion, and he'll talk endlessly about the sacredness of any "potential life"...  while also remembering for another day that he's technically murdering thousands of "potential lives" every time he scratches his nose.  Well, simply put, he's the epitome of the phony politician.

Tuesday, July 19, 2011

The Creation School of Economics

It's often easy to point out the vile and twisted evils of fundamentalism and theocracy in the Middle East.  After all, these are places where the law is decided in accordance with the ~1400-year old dictates of an illiterate pedophile warrior charlatan who fooled an entire culture into believing he had some sort of connection to the divine.  Yet for all that I can say to condemn every Islamic nation ever to be conceived, it's hard to ignore theocratic nutbars a little closer to home.

Prior to living in the generally liberal environment that is Silicon Valley, I'd worked and lived in Texas for a little over 2.5 years, about half of which was in Houston and about 1 year in Dallas.  While my brief experiences of San Antonio and Austin both showed some promise for the state as far as having the semblance of brain power within the populace, I did find that my longer time in Houston and Dallas both demonstrated that the state of Texas can be quite the hotbed of religious lunacy and uneducated idiocy.  This is the place where I had an employer who believed that octagons have five sides, and threatened to fire anybody who disagreed... too bad he couldn't fire every dictionary ever made.  This is the place where I came across an activist group who petitioned the schools to remove heliocentrism from school science education and replace it with the "Biblically correct" geocentric model.  Thankfully, it kind of fell apart when they started to try and blame 9/11 on Stephen Hawking (slight exaggeration, but not far off).

Well, the state's current serving governor, Rick Perry, does not disappoint.  He brings forth further examples of how reprehensible right-wing reactionaries would love to conceive a nation on the proposition that a separation of church and state is illegal and causes gay angel rape and baby-eating.

Tuesday, July 5, 2011

The Idiocy of Supply-side

It is rarely surprising when you see some right-wing nutbar say something incalculably stupid.  The general M.O. of conservatives is to basically blindly repeat certain rules as some sort of absolute.  In general, the difference between people who lean liberal vs. conservative is not the set of values they have, but in how they prioritize them.  Liberals tend to value fairness and minimization of harm over other values.  Conservatives tend to value authority and purity above other values.  This is why the sort of blind adherence to rigidly defined principles trumps everything when it comes to Republican discourse.  That's why being deeply religious to the point of rejecting science is practically a requirement of conservative politics.  You have to reject something like science because it indicates progress and change, while religion is indicative of order and authority (as well as unflappable loyalty to that authority) -- things that conservatives value more.

When it comes to economic policy, it's hard to hide the fact that all politicians are basically self-serving greedy douchebags looking to profit through under-the-table activities which aren't entirely kosher.  The real factor, though, is in how they rationalize it before their constituency.  Doing that basically rests on pandering to those specific values which your voters prioritize.

The thing I hear most from conservatives and libertarians alike on economics (as the latter is technically fiscally conservative) is that there is an immutable relationship between taxation on the rich and a dearth of jobs.  When you simplify to that extent, you're doomed to be wrong.  The problem isn't so much with the idea that taxation on the wealthy and/or corporations affects jobs, but that the relationship is immutable and absolute.  This is where Republicans and, to a large extent, fans of the Austrian school of economics, basically have no hope of of being anything other than intolerable idiots unworthy of ever drawing breath.