The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Daniel Hannan Quotes Our Declaration Of Independence To The Eurocrats

by Smitty Logophile bonus: about halfway through, he uses ‘peregrination‘, which is not what you get from the Governor of Texas when he hears a joke. via Daniel Hannan’s blog

Ancient Rock’n’Roll Factoid Of The Day

by Smitty Did not know this: The name of Claude Nobs will be forever enshrined in Deep Purple’s Smoke on the Water, the song with perhaps the most famous riff in rock history. Nobs was a co-founder of the Montreaux Jazz Festival, which by the early 1970s had grown to embrace rock artists such as […]

Bad News: Low-End Plan Costs $20 Large.
Good News: We Know What It Says

by Smitty In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. $20 large is rather dear for “Take two aspirin and call me in the morning,” isn’t it? Especially at an outfit […]

Three Axis Of Fedora Amigos

by Smitty We got together for a bite several weeks back, and finally got a picture of the three of us in the hats: So, left to right, that’s me, Stacy, and the Wombat. This should help them identify us when we’re hauled off to Room 101.

Alex Pareene Shocked To Learn That Rational Americans Think Him Daft

by Smitty “Americans shocked to learn that there isn’t actually a Social Security crisis” I guess we can view this assertion as somehow valid to the extent that, say, Terri Shiavo was arguably not in a crisis, either. But truly: Despite the staggering popularity and undeniable success of Social Security, a lot of political figures […]

Zero Hedge Lays It Down, Mead Sort Of Picks It Up

by Smitty For most of the past four or five years, I have spent the majority of my time studying the dominant forces that fuel the power structure that exists in these Unites States today, and indeed throughout the world.  My education began quite suddenly and unexpectedly in the middle of the last decade when I […]

‘Shut Up!’ The Modern Monetary
Theorist Explained

by Smitty Essentially, there are four preconditions in Modern Monetary Theory: Money enters the economy through government spending, as the total amount of money is constrained not by gold but by the total output of the national economy; Government spending is speculative as it prints as much money as it needs to control production and, […]

What A Lucid Politician Sounds Like

by Smitty Senator Coburn states flatly that the debt ceiling hike is coming, unstoppably, describes the impending debt spiral. He the ventures into the output of the Department of Superfluous Redundancy Department. I think Senator Coburn refers to the report linked here. What Senator Coburn doesn’t seem to understand is that homo bureaucratus is achieving […]

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