The economic history, that is. I’m not a bankster, so it must be the tiger’s blood. Regardless, RGD is the #1 ebook in Economic History.
Author: VD
A patient explanation
Roissy attempts to explain Game, very slowly, to the uninitiated mainstream:
First, everyone needs to stop throwing around the word douchebag so lazily and haphazardly. Douchebags aren’t hopeless with women. Just the opposite. Douchebags are pricks and assholes — usually gauche and lower class — who inexplicably do well with women. (Well, inexplicable to anyone who isn’t a reader of the Chateau. We here know the reason why chicks dig jerks.) Think of hotchickswithdouchebags.com, or some of the cast of Jersey Shore.
Most douchebags are naturals with women, probably because they aren’t smart enough to question their unwavering self-confidence. In fact, the best naturals with women mostly occupy the left hand side of the bell curve. The truly dangerous skirt chasers are the naturals with smarts. There aren’t many of them, but they do exist. They are unstoppable forces of nature, owing partly to their concomitant suite of dark triad traits.
I found this part to not only be succinct, but exceedingly amusing, as it happened to come on right on the heels of Spacebunny informing me that I am “a very bad man”. Note, however, that Roissy specifically denies the idea that Game is tool with just one application, which should be completely obvious given this description of its essence.
That women’s behavior can be so analyzed means that women’s actions can be predicted, and subsequently that men with this knowledge can tailor their behavior to get the most out of their interactions with women. Knowledge is a powerful thing, and knowing what’s up does, in fact, shift the balance of sexual power in men’s direction by removing the inscrutability and whimsy that has been the prerogative of women since time immemorial. Game means that it is no longer simply a matter of dumb luck when men get sex and love.
Game is no more limited to use by pick-up artists in night clubs than a screwdriver is limited to use by murderers in stabbing someone to death. Unless you seriously wish to deny that a) female behavior falls into patterns and is predictable to some degree, or b) knowledge of those patterns can be useful to men in a variety of applications, logic dictates that Game will be of use to nearly every man on the planet.
Be prepared
Since it doesn’t do to wing it before discussing economics with someone who has a reasonably sophisticated grasp on the subject, I thought I had better acquaint myself with the latest statistical updates before attempting to talk about them in public. What is interesting to note in all of this recent inflation hysteria is that the rate of increase of the CPI-U measure of price changes and the M2 money supply measure are both presently below their 50-year average. Below is a chart showing the change in CPI-U and M2 on a monthly basis since January 2008.
The average annual growth over this period is 1.44% for CPI-U and 6.16% for M2. That sounds like a lot, but to put it in perspective, the average annual growth over the 51 years from January 1960 to January 2011 is 4.13% for CPI-U and 6.86% for M2. It’s far below the record three-year periods of 1978-1980 in which CPI-U averaged 11.6% growth per year, or when M2 growth averaged 12.2% growth in 1977-1979. And while it is absolutely correct to doubt the veracity of these government-published figures – anyone who goes through the M2 statistics won’t miss the discrepancy between various H6 reports for the exact same month – but since these statistics are being used to support the inflationary case, the fact that they are not increasing at an unusually rapid rate must be taken into account.
It hasn’t escaped my attention that gold, oil, and commodity prices are all increasing. Neither have I failed to note that other prices are continuing to fall. The collapse of housing prices, down 31.4% from their 2006 Case-Schiller peak and falling at an annual average rate of 7.9% over the three years covered in the chart above, are much more indicative of a deflationary environment rather than an inflationary one. How do we balance these contradictory indications? I expect that is a question that Mr. Schiff will probably want to discuss.
Now, in the video entitled Four Keynesian Inflations, I explain why attempting to measure inflation in terms of CPI and GDP makes absolutely no sense, despite the fact that this is how the financial media always describes it. But, even if we accept the idea that inflation is the rate of dollar price changes (CPI) in excess of the rate of economic growth measured in dollars (GDP), it should be obvious from the chart entitled Inflation 1960-2010, which subtracts Real GDP from CPI-U, that inflation is neither at a historically high level nor is it even increasing at the moment. I think the chart demonstrates even more clearly that the Samuelsonian metrics involved are almost completely worthless as they clearly do not measure what they purport to measure, but since they presently frame the context of the mainstream economic analysis, it is necessary to take them into account.
Since we’re apparently also going to be discussing Federal Reserve Chairman Ben Bernanke, it may be helpful to read his most recent report to the Congress if you want to follow along.
Attn: inflationistas
Name of Guest: Vox Day
Date: Thursday, March 3, 2011
Interview Start Time: 10:35 AM ET
Interview End Time: 11:00 AM ET
Program Name: The Peter Schiff Show
Host: Peter Schiff
Topic: Ben Bernanke and the debate over inflation.
Just in case you’re interested. You can listen live here.
Greatness encapsulated
The epic wit and wisdom of Charlie Sheen:
“I’m not bi-polar, I’m bi-winning. I win here and I win there.”
“I’m gonna say this. It’s a polygamy story. All my guy friends are gonna like throw tomatoes at me. It’s like an organic union of the hearts. Together, it’s like, it’s on.”
“I’m different. I have a different constitution, I have a different brain, I have a different heart. I got tiger blood, man. Dying’s for fools, dying’s for amateurs.”
“I’m tired of pretending I’m not special. I’m tired of pretending I’m not a total bitchin’ rock star from Mars.”
“I have a disease? Bullshitt. I cured it… with my mind.”
“I have defeated this earthworm with my words – imagine what I would have done with my fire-breathing fists.”
“My fangs are dripping tiger blood.”
I have to say, I am totally with him on the tedium of false modesty. And forget Two-and-a-half Men. In these latter days of Survivor: Dancing with the Teen Mom Idol Chef, how in the name of all that is pure win does Charlie Sheen not have a reality show?
It’s a crime, it’s a tragedy. Not a single tiger’s blood pearl that drops from those cocaine-encrusted lips should be lost to posterity.
Eventual Irish default
Ireland is caught in the debt trap:
Ireland’s new leader Enda Kenny faces a daunting task as he tries to change the terms of his country’s €67bn (£57bn) EU-IMF package, either by cutting the penal rate of interest or changing the remit of the rescue fund to help Ireland claw its way out of a debt trap. The three parties in Chancellor Angela Merkel’s coalition have issued a paper ruling out use of the bail-out machinery to purchase the bonds of eurozone states in trouble, or engineer a “soft” debt-restructuring by lending to these countries so that they can buy back their own debt cheaply from the market.
They’re going to default sooner or later. They have to. It’s not as if they can even convincingly play Extend-and-Pretend, given that what they’re pretending is a mathematical impossibility in the short term. At least in the case of the United States, the pretense is still potentially credible in the short term.
It is irrelevant if Merkel and the Euzi bankers manage to cow the new Irish government into backing down again. Ireland will not be able to pay the debt however it is framed and decorated. Better Kenny and company follow the example of Iceland and tell the bankers that they’ll have to pay their own debts with their own money… and if they don’t have it, then their creditors will have to book the loss.
Claws of the lion kitty
In which RS Bakker affects the pose of a philosopher, to comic effect:
I find myself wondering about the people who read through Theo’s blog entries, nodding their head and thinking, “Yes–Yes!“
What, if anything distinguishes us from these guys? Are we every bit as chauvinistic as they are, only in different ways? For a long time now, this has been my impression of many you find in the humanities: self-serving dogmatism concealed behind a facade of pseudo-critical homilies. Only sophisticated where Theo is crude, adroit where Theo is clumsy.
In teaching practical reasoning I’ve always been troubled by two specific fallacies: the arguments ad hominem and ad populum. If it is the case that we cannot help but unconsciously game ambiguities to secure status and prestige (which is to say, confabulate rationalizations), and if it’s also the case that the our cognitive incapacity and the complexity of the world are such that anything may be rationalized, then the who of the argument becomes all-important, doesn’t it?
Chauvinistic. Clumsy. Unsophisticated. Overdeveloped rationalization module. A dearth of humor. False sense of intelligence. Thinks – presumably falsely – has hit the cognitive jackpot. Buying own bullshit.
What a delightfully descriptive portrait! How fortunate it is that Bakker is “troubled” by the fallacious ad hominem argument… at least when teaching practical reasoning. He would appear to be considerably more comfortable with it when wielding it in a passive-aggressive manner he can barely bring himself to attempt disguising. Like most mid-witted academics, he has no idea what to do when forced to deal with arguments presented by a member of the cognitive elite that are over his head, so he is forced to resort to the usual character assassination in order to explain why this incomprehensible personage is inferior to his noble, self-questioning self instead of trying to address the arguments.
I don’t find myself thinking at all about the people who read through Bakker’s posts and agree with them. They’re morally confused individuals who suffer from either insufficient intelligence or a surfeit of modern secularist dogma which renders them unable accept the conclusions that logic forces them to confront. So, like overmatched mid-wits usually do, they attempt to move the goalposts, desperately attempt to avoid admitting that they’ve been shown to be incorrect, and launch bitchy little passive-aggressive assaults in an attempt to maintain their self-image as rational and intelligent individuals.
The thing that I find so tremendously amusing about the half-educated and moderately intelligent is that they so seldom recognize the obvious limits to their knowledge and capacity for reason. They primarily concern themselves with the superficial aspects of the intellectual life rather than its substance; their conversation is replete with references to their credentials, the name-dropping of authors they haven’t really read, and ideas they only dimly recall. It was entirely typical example of this type when James claimed to have “read everything Nietzsche has written that I could get my hands on including two biographies” but nevertheless didn’t recognize the term “Preachers of Death” even though I had quoted the entire passage related to it and credited the quote to “Friedrich Nietzsche, Thus Spake Zarathustra, IX”. They don’t recognize or understand their own intellectual heritage because they don’t actually know much about it. So, it should be no surprise to learn that Bakker’s assumption of the superiority of his own sophistication and moral courage is neither a new nor original action:
But in the loneliest wilderness happeneth the second metamorphosis: here the spirit becometh a lion; freedom will it capture, and lordship in its own wilderness.
Its last Lord it here seeketh: hostile will it be to him, and to its last God; for victory will it struggle with the great dragon.
What is the great dragon which the spirit is no longer inclined to call Lord and God? “Thou-shalt,” is the great dragon called. But the spirit of the lion saith, “I will.”
“Thou-shalt,” lieth in its path, sparkling with gold—a scale-covered beast; and on every scale glittereth golden, “Thou shalt!”
The values of a thousand years glitter on those scales, and thus speaketh the mightiest of all dragons: “All the values of things—glitter on me.
All values have already been created, and all created values—do I represent. Verily, there shall be no ‘I will’ any more. Thus speaketh the dragon.
My brethren, wherefore is there need of the lion in the spirit? Why sufficeth not the beast of burden, which renounceth and is reverent?
To create new values—that, even the lion cannot yet accomplish: but to create itself freedom for new creating—that can the might of the lion do.
To create itself freedom, and give a holy Nay even unto duty: for that, my brethren, there is need of the lion.
To assume the right to new values—that is the most formidable assumption for a load-bearing and reverent spirit. Verily, unto such a spirit it is preying, and the work of a beast of prey.
As its holiest, it once loved “Thou-shalt”: now is it forced to find illusion and arbitrariness even in the holiest things, that it may capture freedom from its love: the lion is needed for this capture.
Now, I obviously disagree with those who think themselves lions and pronounce themselves superior on the basis of their rejection of the values of “the great dragon”. (The Biblically astute reader will note the satanic inversion of the metaphorical images there.) Still more do I oppose those who have undergone the third metamorphosis and think to construct their own value systems capable of serving as a standard by which previous moral values can be judged. But I can only be amused by the claws of the lion kitties, who scratch harmlessly away as they attempt to build their value system on that shaky foundation which declares “doubt as the highest virtue”, especially when they do it in obvious ignorance of the well-worn path they are treading.
Bakker and his readers simply do not understand what morals and moral standards are, which is why they are not equipped to even begin the discussion from which Bakker has retreated. The irony is that Bakker was extolling the virtues of 8-bit greyscale by favorably comparing it with the crudity of the three primary colors, before turning to contemplate the unsophistication of those who he believes can only perceive those three simple colors. And in doing so, he has revealed how he completely fails to grasp that those three primary colors are all that is necessary to produce the 16.7 million colors that he cannot see.
I don’t expect Bakker and his kind to agree with me. I don’t even expect them to understand me. Let’s face it, if they couldn’t grasp the moral/color analogy, “lion kitty” is going to be about as intelligible as “hno4^d39fu”. But we can hope that perhaps one day Bakker will intellectually mature and learn that the step that follows self-questioning is answering those questions. Some people appear certain because they have never asked themselves any questions about their underlying assumptions and beliefs. Others do because they have asked all of the pertinent questions and decided upon what reason, research, and experience indicate are the best possible answers. It is apparent that Bakker can’t tell the difference… which is unsurprising considering that he cannot tell the difference between libertarian morality and conservative legality either.
We’re #2524
It would appear Death By 1000 Papercuts’s Alexa-based metric has Vox Popoli listed as the 24th most popular libertarian site on the Internet. Perhaps this will suffice to convince people that I am really not a social conservative, given that my staunch support for legal drugs, prostitution, and nuclear weapons, (to say nothing of my opposition to military imperialism, financial interventionism, government-sanctioned marriage, and the pledge of allegiance), doesn’t appear to have done the trick.
Now, I’m not into chest-thumping over hits and lists and awards. Except, of course, the one award given by Bane, which I will cherish always. (Note to those who bought into the whole Bane is Dead charade… just look at the Middle East. Now you know what he’s been up to.) First, there are too many horrible sites that are highly ranked and too many very good sites that virtually no one reads to take the numbers game very seriously. Second, let’s be honest, I am a little too arrogant to be inclined to put much credence in a metric that depends upon what most people like, most people being idiots and all.
But I do find it a little mystifying when those with readerships that are but a fraction of the Dread Ilk – let alone the WND readership – attempt to dismiss what I’m writing because they think no one reads it. How, precisely, does that compute?
Killer vaccines
The Supreme Court renders vaccine makers unaccountable:
The Supreme Court today gave vaccine manufacturers greater protection from lawsuits by parents who say vaccinations harmed their children, ruling that Congress had blocked those types of claims against drug makers. In a 6-2 decision, the justices said Congress had effectively shut the courthouse door to these lawsuits in 1986, when it created a special vaccine court designed to compensate victims of vaccine injuries.
Contrary to the common assumption, I am not uniformly anti-vaccine. I think some vaccines make sense and represent a reasonable risk. On the other hand, I simply do not understand those people, especially left-wing scientists, who insist that all vaccines are intrinsically good. The following questions spring to mind:
1. Why does profiting from vaccines rather than anything else magically make a corporation intrinsically good rather than presumably greedy and evil?
2. How can one justify vaccines for non-lethal and non-communicable diseases on the basis of historically lethal and highly communicable diseases?
3. If vaccines are not capable of causing serious harm to children, why is it necessary to set up a system to compensate children who have been harmed and immunize vaccine makers from financial responsibility for those their products have injured?
4. How can anyone rationally claim that science uniformly supports vaccine use when no empirical studies that actually utilize the scientific method of experimentation and observation are utilized in testing vaccine safety?
5. Why do pro-vaccine advocates attack those who don’t vaccinate their children according to the vaccine schedule when doctors specifically tell parents not to vaccinate their children according to the schedule if an older sibling has had a negative reaction to a vaccine?
6. Why do pro-vaccine advocates assume that vaccines which are proven to be safe for adults are also safe for infants and toddlers who weigh a fraction of what an adult weighs?
Now, based on the principle of “follow the money”, I am confident that the current vaccine schedule is significantly more dangerous than most anti-vaccine people believe. If they were anywhere nearly as safe as advertised, it wouldn’t be necessary to provide special protection to the manufacturers. That doesn’t mean that it doesn’t make sense to get vaccinized for tetanus and polio, but why on Earth would it make sense to take any risk, however slight, in order to avoid getting a cold or the chicken pox?
The null spiral
Wall Street isn’t even pretending to be connected to the actual economy anymore:
Fresh from Wall Street’s alchemy labs: Credit derivatives tied to General Motors Co. debt. The rub is, no such debt exists. Banks and hedge funds are trading credit-default swaps, which make payments to holders of General Motors bonds in the event of a default. But GM canceled $40 billion of debt in bankruptcy and has pledged to cut its remaining $4.6 billion bank loan to the bone this year.
In other words, Wall Street investing doesn’t even rise to the level of gambling anymore. It’s as if the bookies of Las Vegas decided to start taking bets on imaginary football teams instead of NFL teams during the upcoming lockout.
“Hey, I know you bet the farm on the Minneapolis Norsemen to cover the spread against the Wisconsin Puckers, but wouldn’t you know it, the Puckers won, 111-85… oh, wait, football. That is to say, 27-10.”
This can’t help but bring to mind the obvious question of what percentage of GDP happens to be imaginary.
