On the main difference between capitalism and socialism, other than “Who Chooses?”: Socialism’s failure, and capitalism’s relative success, has much more to do with capitalism’s capacity to generate economically relevant knowledge.” -Kristian Niemietz (Socialism: The Failed Idea That Never Dies)
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Notable Quote
Democrat Party: You Work and We Take.
“Redistribution and race underpins all of their policies, and I don’t recognize this Democrat Party. Here’s what I learned from last night.
Vice President Biden may be the nominee of the party, but Bernie Sanders is the head of the party, that’s clear.
The New Conservatism?
If you are worried about where Conservatism is, or where it should be, read this. While I disagree with the intent of this complete call out of Libertarianism (I think he’s over the top on harshness even as some of his points hold water), it notes the need to re-arm, re-load, and re-lock onto base Principles instead of just the politics thereof.
Notable Quote – “the stronger will be our resolve”
Memo to leftists: We reject your depiction of Trump as a racist. We reject that he’s dangerous for America; the opposite is the case. And we fervently reject your word about much of anything, as you’re still shamelessly spreading the ludicrous lie that he’s a Russian agent.
Notable Quote – You DO know where systemic racism is, right?
Emphasis mine: “People talk about implicit racism or systemic racism: rhe racism in this country, look no further than our public education system,” Barr said during an interview with Fox News Channel’s Sean Hannity. “That’s a racist system maintained by the Democratic party and the teachers union, keeping inner city kids in failing schools instead … Read more
Notable Quote – “but you DID pay for that!”
…The second mistaken implication drawn from the scolding phrase “You didn’t build that” is that those persons who are successful remain perpetually in debt to each of the countless individuals whose efforts contributed to that success. In fact, in commercial society each of us depends nearly every second of our lives on the efforts of … Read more
Notable Quote – David McCullough
With the radical Left trying to destroy history in various ways, this series of questions and answers from 2012 is more timely than ever.
Notable Quote – The Socialist Temptation
Socialism is tempting, seductive, alluring. It comes in many forms and speaks in many different ways. It appeals to people who value fairness, who value freedom, and who value security. It comes in many varieties, sometimes clothing itself in the dress of nationalism, sometimes in the garb of environmentalism. Yet there is one single, unifying feature … Read more
Notable Quote – Adam Smith
The person who employs his stock in maintaining labour, necessarily wishes to employ it in such a manner as to produce as great a quantity of work as possible. He endeavours, therefore, both to make among his workmen the most proper distribution of employment, and to furnish them with the best machines which he can … Read more
Notable Quote – why do we trust public officials as if they were non-partisan?
These People are politically driven. Even if (contrary to fact) there were a scientifically determinable single best course of government action in this crisis, what reason have These People given us to believe that they are capable of finding that course and of understanding it? And even if These People could find and understand this scientifically ‘best’ course of … Read more
“Large public debts imply a redistribution between current generations and future ones who cannot vote”
Another line of argument against austerity is that public debt is not really a problem. This argument is especially popular now, given that interest rates are generally very low, so debt is not expensive.
Notable Quote – Nathan Rosenberg
Capitalism has provided multiple sources of decision-making and initiative, strong incentives for proceeding one step at a time, and the possibility for drawing upon a wide range of human potential – all valuable features of activities that are carried out in an environment of high uncertainty.
Notable Quote – Abraham Lincoln
How prescient for today: “America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.” -Abraham Lincoln When a member of the US Congress, US CongressTwit Ilhan Omar, a refugee from Somalia and an self-proclaimed Socialist said: “As long as our economy and political … Read more
“Those who erase history have no past – and no future.”
Over at Weekend Pundit, DCE has a proper observation of the NOW in politics (emphasis mine): Seeing the increasing attack upon history by overly-sensitive know-nothings, I am dismayed at the level of ignorance being displayed by those wishing to erase history. They have been convinced that 17th, 18th, 19th, and early/mid 20th century historical figures must be … Read more
Notable Quote – ITXU DÍAZ
To be a conservative is to wake up every morning to a new insult. It makes life more fun. I never know exactly what I am until I open up Twitter every morning. I can be a reactionary vermin, an ignorant caveman, an ultra-Catholic primate, or a neoliberal scorpion.
Notable Quote – Prof. Don Boudreaux
Emphasis mine: Industrial policy is the replacement of price-guided resource-allocation patterns with commands issued by politicians and their hirelings. But as Hayek points out, it is impossible for politicians and their hirelings to possess any of the “knowledge of the particular circumstances of time and place” that must be known if the resulting use of … Read more
Notable Quote – An illusion of Black Dependency on White Largess
The narrative that white people “hold the power” conveys a wrongheaded notion of white superiority and creates an illusion of black dependency on white largess. This false assignment of responsibility, while coming from an authentic desire to produce change, can create a new kind of mental enslavement. Glenn Loury, a Brown University economist, exposed this … Read more
“History is not supposed to make you feel good or bad. History is your best defense against ignorance”
Every country has written great pages and dark pages in History. For the United States, slavery and the Civil War that brought an end to it were definitely some of the darkest pages. And we must never forget.
Notable Quote – John Hinderaker
…I don’t know about a landslide, but I too think the ground is shifting in Trump’s favor. In January, I thought he was a 99% lock for re-election on a record of peace and prosperity. Then the Wuhan virus came along, and state shutdowns devastated the economy. Next, while peace reigns abroad, left-wing rioters, looters … Read more
Notable Quote – Matt Walsh
There is much discussion about “privilege” in our culture. Indeed, the concept of privilege is one of the things fueling these mobs. They would say that privilege is bestowed based on race and gender, and that I, as a white man, have the most privilege of all. Yet I’m fairly sure that if I drove … Read more