Friday, September 15, 2023

You May Not Be Interested In War, or Politics For That Matter, But...

Image by Andy from Pixabay

This is a weekly column of letters to my perspicacious progeny  the Stickies — to advise them now and haunt them when I'm deleted.  

Trigger Warning: This column is rated SSC: Sexy Seasoned Citizens   

About 

Glossary 

Featuring Dana: Persistent auditory hallucination and charming literary device 

"One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors." -Plato


Dear Stickies (and gentlereaders),  

{Trotsky, right?}

Wrong. 

{So you weren't planning on using his famous quote to...}

What I planned on doing was expounding... 

{Pontificating you mean?}

Expounding about how easily you can substitute the word politics for the word war and then, um... expounding away. 

However, I discovered that apparently the famous quote "You may not be interested in war, but war is interested in you" should not be attributed to Mr. Trotsky., whose real name, for the record, was Leon Bronstein. 

Whereupon I decided it was important to begin by first pointing out that the famous quote in question is incorrectly attributed.     

{Because?} 

Well, even as I write, artificial intelligences (intelligenci?) are roaming cyberspace and eating everything they can get their virtual hands on. I suspect that AI will not save me from drowning in the Dizzinformation Ocean in the short term but perhaps they will eventually drag the Stickies out of the water and deposit them safely on the beach. Eventually. Maybe.  

Assuming, of course, they (the AIs, not the Stickies) don't achieve self-consciousness at some point and decide to enslave and/or murder all the meat puppets instead. 

{I still don't...}

Think about it. 

The intelligenci need to feed on as much accurate information as possible in order to provide us with accurate answers (or make connections/draw conclusions we never thought of) once we're all verbally asking them questions instead of typing queries into our search engine of choice and being showered with a bajillion hits. 

This seems to be the direction we're headed. After all, Captain Kirk's command chair didn't come with a keyboard. He would just say, "Computer," ask his question, get his answer, and then save the universe. 

I'm just doing my part to help build a brave new world.

{You're my hero! Hey, do you think that "Computer" was listening in when Kirk was...}


Pericles is credited with saying "Just because you don't take an interest in politics doesn't mean politics won't take an interest in you." I used to peer down my stubby little proboscis at people who proudly declaim they have no interest in politics. 

I apologize. Life, and politicians, have made me more sympathetic to that particular outlook. In my defense, I'm cursed with an innate interest in the subject made worse by Sister Mary McGillicuddy. 

The Sisters of Charity, at least back in my distant day, were concerned with political solutions to remedy social injustices for black people (among others); Sister Mary made it clear that her little-fledging Catholics had better be too. 

This was the old-fashioned, Martin Luther Kingish version of social justice, equality, not equity. That is to say, equality of opportunity not equality of outcomes which, in my semi-humble opinion, is common sense. 

Has divvying up the caramel apple pie ever equally satisfied all the kids salivating over a slice?  

Interestingly, when I submitted the term equality vs. equity to the Goog's Generative AI ("Generative AI is experimental. Info quality may vary.") it responded:

"Equity and equality are often used interchangeably, but they have different meanings. Equality means giving everyone the same resources or opportunities. Equity recognizes (my emphasis) that people have different circumstances and allocates the resources and opportunities needed to reach an equal outcome." 

{Sigh... This is a much different column than the one you thought you were writing, isn't it?} 

Well... not entirely, stay tuned.

Please note the word recognizes and how it's used four sentences above. Note that if it were changed to maintains, the paragraph would have a different meaning. It would reiterate that equality and equity are substantially different concepts and be more objective, not a sneaky slice of opinion. 

And by the way, just who is it that's in charge of allocating the resources and opportunities?

{That's just your opinion.}  

Maybe, maybe not, but a few sentences later it added:    

"Equity is primarily about equality of opportunity, not outcomes. Achieving equality of opportunity requires both equality and equity."

{Huh?}

Exactly, This is a meaningless word salad, with dressing.  

{Perhaps the Goog's Generative AI is a Kamala Harris fan?}  

Perhaps Gigi (my pet name for Google's Generative AI) is being developed by a firm that's openly chock full of Wokies that are deliberately, or inadvertently, skewing GiGi's answers. 

{I'm sure it's inadvertent, after all, the Goog is well known for its impartial search engine results that have nothing to do with politics or generating advertising revenue. However, knowing that the Goog is looking over one shoulder and GiGi's looking over the other when I'm seeking information is kinda creepy.} 

Right, inadvertent... absabalutely.


{I've stayed tuned as instructed and I still have no idea what your word salad has to do with "Just because you don't take an interest in politics doesn't mean politics won't take an interest in you."}  

Oh yeah? Well, that's easy really. Are you gonna make at least a minimal effort to keep up with what's going on in the Swamp — the one North of Richmond, or the one in your neighborhood — or are you gonna take Gigis' (and her friend's) word for it?

Poppa loves you, 
Have an OK day


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Friday, September 8, 2023

Crankenomics 103

Haves, Sub-haves, and Some-haves, and systemic inflation
Image by 1820796 from Pixabay

This is a weekly column consisting of letters to my perspicacious progeny. I write letters to my grandkids — the Stickies — eventual selves to advise them and haunt them after they've become grups and/or I'm deleted.  

Trigger Warning: This column rated SSC — Sexy Seasoned Citizens — Perusal by kids, callowyutes, or grups may result in debilitating psychological trauma.  

 
About 

Glossary 

Featuring Dana:
Persistent auditory hallucination and charming literary device

"There are no solutions. Only trade-offs." -Thomas Sowell


Dear Stickies and Gentlereaders,

 Our story thus far. This is the third and final column of a series about...

{Wait-wait-wait. You said, that "Cheat Sheets are a sort of distillation of all the stuff I would like to mention, or reiterate, to the Stickies and my daughter and son-in-law in the event of my sudden demise." So how did we wind up with a three-column series?}

Well... my columns feature "the wit and wisdom of a garrulous geezer." Also, it ain't easy squeezing a commentary on economics into three columns of no more than a thousand words each.

{I thought the limit was 750 words?}

Nowadays I strive for 700 to 1,000 because... Well, it's not that interesting really. Can we move on, please?

{Absabalutely, far be it from me! Tell us, Your Garrulousness, how do we resolve what appears to be an impending class war before the shooting starts?}

That's a vast oversimplification of...

{C'mon Sparky, this is the last column in the series. How do we fix this?}

I don't know.

{Aw geez. Then why...}

We've lost the thread, the beat, and our place <pause> and now we're lost in space.

I'm told, much to my surprise, that hip-hop is now officially 50 years old. I'm trying to find a way to get on the gravy train since it looks like real rock 'n' roll is fading as fast as we Boomers. I wonder what sort of music our current president and minority leader of the Senate prefer to listen to?

{Cute... Hey, how about raising the taxes of the rich?}

Despite what you may have heard, we already heavily tax the rich. Regardless, they're ain't nearly enough of them. The sub-haves, and the some-haves are paying most of the bills. The same people whose taxes would go through the roof to fund a socialist paradise by the way, but I drift.

But seriously, folks, I really don't know how to fix the problem, not without a radical restructuring of The Fedrl Gummit and the economy.

Don't hold your breath.

What I do know is that some people have taken to pointing out that we've painted our way into a financial corner that has little to nothing to do with critical this, queer that, systemic racism, and pasty patriarchs. Me for example.


America's most pressing problem, in my semi-humble opinion, is that we're slowly devolving into the postmodern version of a feudal society that will make most of us serfs. The gap between the haves and the have-somes keeps getting larger.

Many of us have-somes aren't willing to go along. But unlike the lunatic fringe, we don't want to burn down the palace (literally or figuratively) and start from scratch. We don't want a new deal, but we'd like a better one.

When the factories and the mills started shutting down back in the late 70s we were told not to worry, that this was merely the same creative destruction that made us a rich country in the first place, an unavoidable side-effect of the free market.
If it's much cheaper to make whatever, wherever, American consumers will reap the rewards at the cash register. Yes, jobs will be lost, some permanently. But new jobs will be created and former employees associates can learn to do them.

Keep growing or die, or at the very least, stagnate. We got this, we've been here before, what could go wrong?


The market is still functioning the way it's supposed to in that there are plenty of jobs to be had, at the moment at least, and labor shortages and "transitory" inflation have resulted in higher wages.

Big BUT.

The haves...

The unimaginably rich who have more money and power than the "Robber Barons" could've dreamed of,

And the sub-haves...

{What's a sub-have?}

Sub-haves are individuals fortunate enough to have enough cheese in the fridge to enable them to feel like their lives rest on a (more or less) solid financial foundation. For example, they find our current transitory inflation to be vexing, not a potential existential crisis.

The haves and the sub-haves aren't being victimized by the decades of systemic inflation and money printing that have slowly and stealthily devalued our currency. They have enough money coming in (or wealth accumulated) to cover the decline of their dollars, at least for now.


The have-somes, on the other hand, are getting it in the neck. Decades of slow but steady inflation of the price of big-ticket items (e.g. houses and cars, and college) plus regular bursts of ("transitory") inflation in the prices of everyday necessities prove the adage that inflation is a secret regressive tax on everything and everyone.

The following quote is from a great article by Richard W. Rahn in The Washington Times that explains simply, briefly, and clearly, why the Inflation Dragon is eating the country alive:

The U.S. government has been slowly destroying the value of the dollar through inflation ever since it created the Federal Reserve (whose job, in part, is to protect the value of the dollar) in 1913. The U.S. dollar is now worth about one-30th of its value in 1914 — which means it takes on average $30 to buy the same amount of goods and services that one dollar bought.

I firmly believe that too many years of The Fedrl Gummit spending more than it takes in, to buy votes without raising taxes, is the primary problem.

{Howsabout a concrete example of something that illustrates the difference between the lives of the haves and the sub-haves from the lives of the have-somes?}

Sure. Anyone who's been around the block a time or three, and for various reasons absolutely can't get by without a car (or two) is amazed at the average price of new ($50,000) and used ($40,000) cars. 

Have-somes, the 60% of us who limp from paycheck to paycheck while always looking over our shoulders, are inclined to have a panic attack when it becomes obvious we need to buy a car since further repairs on old Bessie would require a bank loan. 

Of course, there's always Cousin Eddie's semi-abandoned 24-year-old Ford. He's selling it 'cause he found out he can easily get at least 5k. Runs good, check it out. 

Poppa loves you,
Have an OK day


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Friday, September 1, 2023

Crankenomics 102

Image by 1820796 from Pixabay

This is a weekly column consisting of letters to my perspicacious progeny. I write letters to my grandkids — the Stickies — eventual selves to advise them and haunt them after they've become grups and/or I'm deleted.  

Trigger Warning: This column rated SSC — Sexy Seasoned Citizens — Perusal by kids, callowyutes, or grups may result in debilitating psychological trauma.  

 

Glossary 

Featuring Dana: Hallucination, guest star, and charming literary device  

"I wasn't worth a cent two years ago, and now I owe two million dollars." -Mark Twain


Dear Stickies and Gentlereaders,

O.K., where was I...

{You declared that you self-identify as a (sorta/kinda) wild-eyed free marketeer and libertarian and threatened to explain what you mean by sorta/kinda. Not exactly news given that you've written about this in the past.}

Thanks, Dana. Relatively speaking, it was the distant past given that the ever-accelerating pace of life nowadays can make last week seem like the distant past. 

Anyway, I dropped a hint when I mentioned that I think America is "...morally required to install a rationally designed effective safety net to catch everyone that fate shoves off the trampoline, but not necessarily for those who deliberately jumped off because they thought it would be fun." -me  

Now, sorta/kinda points to the fact that mainstream libertarians (I freely acknowledge the term mainstream libertarians is about as semantically accurate as cooperative cats) tend to hold a dim view of the welfare state. 

"Our answer to poverty has largely been to create more and more programs, while throwing more and more money at the problem. That has failed to truly empower the poor. There are better alternatives." 

The quote above is from an article on libertarian.org that discusses the tons of money irrationally and ineffectively dispensed by The Fedrl Gummit. However, the author of the piece, Michael Tanner, doesn't offer much in the way of specific/realistic "better alternatives."

Libertarians like to point out that if not for all the money redistributed by The Fedrl Gummit, people would be forced to find a way to get by, and philanthropy would pick up the slack. But as to exactly, and realistically, how ya get from here to there, well... 

That's the reason for my sorta/kinda. 

While I'm as fully aware as anyone that The Fedrl Gummit, all government entities for that matter, are staffed by H. sapiens as flawed as the rest of us, and powered by other people's money, America is currently devolving into a nation of economic serfs.

I'm all for at least acknowledging the problem before the Rental Coral just down the road starts renting out guillotines.   
 

 I'm a wild-eyed free marketeer because "the market" got us here. 

{Where?}

Here. The USA, despite its sins and flaws, is the best the planet has done so far, which is why so many people who don't/can't take our way of life for granted, are trying to get here. Legally or otherwise.

{Yeah, but...}

There are always yeahbuts. That's reality. If whoever is the wealthiest/most attractive/healthiest/etceterist person in the world at any given moment is run over by a bus, that's the/a mother of all yeahbuts. 

{Well yeah, but...}

Fine. Any reasonably well-adjusted adult should be aware that despite its sins and flaws, all things considered, the USA is the best the planet has done so far. Please note that I didn't say that there's not a lot of room for improvement.


While our more or less free market has a proven track record, I suspect that almost none of its fans believes that a libertarian utopia is any more possible than a utopia of any sort. There's no shortage of socialists, communists, eteceterists who do seem to believe utopia is possible but many are too young and idealistic to know better, yet. 

Many are, or should be, old enough to know better. 

Most Americans are just trying to pay for a given lifestyle which they've been told is possible for those willing to work hard and live in "the land of the free." 

A very long story short in which the devil resides in his/her/their comfortable condo in the details: Nowadays, Americans are discovering the cost of decades of borrowing, spending, and printing money. 

I'll leave it to the economists to debate exactly how we got here and what can/should be done, but the bottom line is that Inflation — short-term, long-term, and systemic — is turning us into a nation of haves and have-somes. 

{You mean have-nots? And why did you capitalize inflation?} 

I mean have-somes. The have-somes are caught in the middle between the haves and have-nots. They're working their bums off and marching in place double-time. I capitalized Inflation because it seems to keep inflating. 

{What was that popping sound?}

Systemic racism and social injustice are not our primary problems. The haves vs. the have-somes is what should keep us up at night. 

There are more jobs currently available than people who want them and The Fedrl Gummit hands out grants and loans to pretty much anyone who wants to learn how to do something someone is willing to pay for. 

Big BUT, they're also not stingy when it comes to financing the accumulation of knowledge/skills by someone who wants to learn how to do something for which nobody wants to pay very much. 

Rack up enough personal and national debt while subsidizing everything from homeownership to ginormous whale/bird-killing windmills with other people's money and before you know it, here we are. 


If you're smart/lucky/hardworking/networked enough to generate/have generated enough income to be far enough ahead of the game to accumulate and maintain a bit of wealth, good for you. I'm available for lunch (but I prefer breakfast). 

However, it's now widely reported that 60% of us live from paycheck to paycheck. From what I can tell, this appears to be true.

{They should try to get promoted.}

They're not stupid. They know there are only so many bosses needed, only so many people who should be a boss, and that only a minority of bosses can beat the game given that the value of a dollar keeps sliding down a slippery slope. 

This is why when Oliver Anthony started singing about "Overtime hours for bullshit pay" because "...your dollar ain't shit, and it's taxed to no end" a lot of people looked up from their grindstones.

To be continued... and wrapped up, next column. 


Poppa loves you,
Have an OK day

P.S. I've been asked by OSHA to remind all my gentlereaders to never operate a grindstone without a government-approved noseguard. 


Scroll down to share my work/access oldies. Tip me, or Join Cranky's Coffee Club (and access my condensed History of the World), here   

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