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Bookworm Beat 2/25/17 — “Things are feeling Apocalyptic” edition

February 25, 2017 by Bookworm 15 Comments

Can you smell something a bit Apocalyptic in the air? Things are getting fraught as the Left pushes the social and political system closer to the edge.

Apocalypse ApocalypticOur we at end times? I’ve got a few well-written, fact-laden posts to share with you here, all of which are quite worried that the Left is building up to something apocalyptic:

Victor Davis Hanson, who is no hysteric, looks at the concatenation of a deep state doing anything to preserve its power, an openly post-truth media (that my Progressive friends nevertheless believe absolutely no matter how often its proved wrong), and a Democrat party that’s determined to destroy the duly elected president of the United States . . . and he’s worried.

I was alive and sentient during the 1960s and 1970s, and yet, other than the whole Patty Hearst thing, I have no memory of the truly epic violence Leftists were visiting on America in those decades. My defense is that I was a child and a teen but, really, you’d think that, watching the news every night as I did with the family (always Walter Cronkite) I should have remembered something. Indeed, one of the police stations caught up in the violence was about a mile-and-a-half from my childhood home! And Angela Davis’s role in murdering a Marin County judge also played out very much in my neck of the woods. (You’ll read more about Angela Davis later in this post.)

Oh, wait! I bet you have no idea what I’m talking about when I say I ought to have remembered an extraordinary level of violence. My ignorance, and almost everyone else’s, is the whole point of davidzhines’ absolutely epic post summarizing the highlights of Bryan Burrough’s Days of Rage: America’s Radical Underground, the FBI, and the Forgotten Age of Revolutionary Violence, a book that’s definitely going on my reading list.

The post is unusually long, but so compelling that I hung on every word. davidzhines reminds us that the Left has had decades to put in place tight organizations that oversee people without conscience determined to use violence to achieve their “people’s paradise.” Conservatives who talk about taking out weenie pajama boys fail to understand the subterranean terrors at which the Left is so practiced — and davidzhines fears that those subterranean terrors are once again waiting to emerge, only this time they’ll include the jihadist obsession with high mortality figures for every terrorist act.

Meanwhile, in Sweden, which is what the American Left keeps hoping America will become, things are not pretty. It appears that part of Sweden’s rape problem might be that, rather like an American college campus, Sweden defines rape to include “he looked at me funny.” On the other hand, you can’t escape the fact that daily life in Sweden has not improved thanks to a Muslim influx.

[Read more…]

Filed Under: Open Threads Tagged With: Angela Davis, Barack Obama, Bryan Burroughs, Civil War, Comet Pizza, Days of Rage, Donald Trump, Education, Government Debt, Jerry Sandusky, Jimmy Saville, John Podesta, Media Bias, Milo Yiannopoulos, Pizzagate, Rasmea Yousef Odeh, Sir Edward Health, Small Government, The Vagina Monologues, Tithi Bhattacharya, Tucker Carlson, Women's March

Michael Tanner spells out the damage that entitlement programs inflict on our economy

September 29, 2014 by Bookworm Leave a Comment

Filed Under: Economics, Government Tagged With: Entitlement Programs, Government Debt

Why the market roars as the economy whimpers and sighs

February 9, 2013 by Bookworm 12 Comments

A couple of weeks ago, I asked you all to explain to me why the stock market is so excited, even as the dollar is weak, unemployment is high, and national debt soars.  Naturally, I got many interesting answers back, with inflation being cited as the chief culprit.  Robert Arvanitis, who already provided an information-packed response, hasn’t forgotten that post, and he sent me an interesting update:

To follow-up prior discussions, here’s an excellent exposition at WSJ on inflation. [Note from BW: This article might be behind a paywall. Both Robert and I have accounts, so we can’t tell if it is.]

In short, the Fed is fabricating a trillion dollars a year. Direct inflation is already deadly, but for now is buried at the banks.

Even before we suffer the direct inflation, the monetary failure is already having bad effects.

· The markets no longer give us the right price signals, so vast capital is being misallocated.

· Borrowers, most notably Obama himself, are getting a destructive free ride from low rates. More accurately, I should say Obama is “borrowing 1,000 billion a year.” Too many people don’t realize it’s meaningless for Obama to say “We borrow just one trillion but have cut 10 billion….”

· Meanwhile, any thrift is punished harshly by those low rates. Here the elderly suffer most.

As Glenn Reynolds would say, “But watch the whole thing…”

Bookworm here, with my summary:  Big bubbles, big explosions. Or to shift metaphors, the smart ones should be looking to hop off this merry-go-round. It’s about to break down and there’s not going to be anything romantic about it:

Filed Under: Economics Tagged With: Government Debt, Inflation, Merry-Go-Round Broke Down, Printing Money

Which party is most likely to reverse course before we hit the economic iceberg? (Hint: it’s not the Democrats)

August 14, 2012 by Bookworm 1 Comment

Danny Lemieux left a link to this video in the comments.  I think it deserves its own post.  You might also want to share it with your friends.  It’s studiously non-partisan, so one hopes it will make liberals thoughtful, rather than defensive.

Incidentally, if any of your liberal friends think the answer is just to tax the rich, Iowahawk already considered that possibility and concluded — based on actual math — that it can’t be done.

For those who panic when numbers show up, Bill Whittle made a nice video based upon the Iowahawk post:

Filed Under: Economics Tagged With: Budget, Economic Crisis, Economy, Government Debt

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