Cool rain and the dismal science

IT’S BEEN RAINING a lot recently, and that’s cooled things down nicely. Even though it’s raining, I still head downtown most afternoons to sit at a sidewalk table with a nice café americano negro and my trusty Kindle.

It’s a good way to live.

My current book, and I’m just about finished with it, is Henry Hazlitt’s Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics. It came recommended by young Ben Shapiro, a brilliant, conservative guy in spite of his not being a fan of President Trump.

Ain’t nobody perfect in this troubled world.

They don’t call economics the dismal science for no reason. Trying to get a good grip on the subject is a dismal undertaking, especially for someone like me who grapples with simple arithmetic.  But Hazlitt makes it pretty easy.

The book was first published in the late 1940s and updated in the late 1970s, but it’s quite relevant today because some things don’t change.

Hazlitt simplified things for me, and I’m going to make it even simpler for you:

A free market, unfettered by government meddling, works best 98 percent of the time. That’s the core message. But there’s more.

If government meddles in the free market, it should do this: 1. Look not at the immediate, desired effect of a policy, but at its long-term effects. 2. Look not just at the people a policy is designed to benefit, but at everyone it affects.

It’s quite common that a policy will help one group of people while doing harm to other, larger groups of people. And it’s common for a policy to right a perceived wrong today while creating greater wrongs over the long haul.

Hazlitt points out that most laymen do not take this into consideration when favoring something, and even professional economists can fail to take into account the long-term effects.

Speaking of professional economists, I cannot resist mentioning Paul Krugman’s prediction the stock market would tank if Trump became president. Of course, it did quite the opposite. One must chuckle.

On to the Irony Department, Starbucks, about as vocally leftist an outfit as you’ll find, is closing 150 stores in the United States due to minimum-wage increases and government regulations, putting scads of SJW employees out of work.

Nailed by their beloved socialism.

Minimum-wage increases is one of the things Hazlitt touches on at length as being an example of short-term vision. Government steps in to help “poor people,” but fails to realize the broader effects of a high minimum wage.

The higher salaries is money that comes from somewhere else. It is not pulled out of thin air. Starbucks sees that now. One must chuckle even more.

Hazlitt’s book is just 220 pages. I recommend it to you.

Obviously, it was not raining in the above video, which was taken a year ago, but it was raining in the video below, which was taken four years ago. Rain looks the same from one year to the next.

 

First glorious year of King Trump’s reign

year
The Teddy Roosevelt of our times.

KING TRUMP was crowned one year ago today, and a glorious year it has been. In no particular order, read and rejoice at this partial list of accomplishments:

  1. No planes crashed. Last year there were no fatalities in commercial air travel. Worldwide! That was the first year ever. It was, of course, also the first year of King Trump’s reign. Coincidence? I think not.
  2. Unlike Obama, Trump does not kowtow to foreign bigwigs, especially the really nasty ones, and there are lots of really nasty ones. Trump is no throne-sniffer. Weepy Barry Obama was a world-class throne-sniffer.
  3. The economy took heart at the election of The Donald sending the stock market into record territory. The Dow soared 31 percent. Money is good, as is capitalism. Socialism baaaad. The Democrats’ economic God, the sleazy Paul Krugman, said the global economy would collapse if Trump became president. Whoops-a-daisy! Back to the drawing board wid ya, Paul, ya nincompoop!
  4. The overall unemployment rate has fallen, but did you know that the jobless rate for blacks has dipped to the lowest level since 1972? Yes, those very same people who voted against the Donald in droves like clueless, black sheep have had their job opportunities rise in Trump’s first year in the Oval Office.
  5. Put Neil Gorsuch, an upstanding man, on the Supreme Court.
  6. “Climate Change” is removed from the national threat list, whatever that is. Anyway, it’s good to make it official that climate changes sometimes, and there’s not much of anything you can do aside from sending Al Gore a financial contribution. But there are other, even better, changes to the national security strategy. Just take a look.
  7. Israel, Christianity and Judaism back on top with Trump! It’s important to remember that Israel, unlike the Mohammedan states, does not oppress women who are included in the military. Mohammedan women are never in their military because they can hardly step outdoors without a male chaperone.
  8. Trumpian tax cuts are boosting economic confidence! Last year was the best for U.S. manufacturing since 2004.
  9. The Mohammedan murderers in ISIS have taken it on the chin since Trump entered the Oval Office. ISIS made lots of progress during the eight years of Weepy Barry, but dem days are over!
  10. Trump cuts $255 million in military aid to Pakistan for 2018 due to Pakistan’s lame efforts against terrorism. It was Pakistan where Osama bin Laden was hiding in plain sight near a Pakistani military base. In response, Afghan elders awarded King Trump with a genuine gold Medal of Bravery.
  11. In a similar vein, Trump’s United Nations ambassador, the staunch Nikki Haley, announced in late December a fat reduction in U.S. funding to the United Nations to the tune of $285 million smackeroos. My hope is that the United States will come to its complete senses and toss the anti-American United Nations into the Atlantic Ocean. Be gone ye knaves and nincompoops!
  12. The swamp level is falling, just like he promised. Hundreds of federal positions have been eliminated in the first year of Trump’s glorious reign.
  13. During the presidential campaign, Trump vowed to kill two regulations for every new regulation issued. In fact, far more than two have been zapped for each new regulation. Regulations generally hamper the economy and citizens.
  14. Trump pushes for voter-identification laws. Sensible nations require voter ID. Mexico does. I have mine. The Democrats don’t want voter ID because so many of their voters are not legal voters.
  15. The recent citizen protests in Iran were loudly supported by Trump. When something similar happened in 2009, Weepy Barry kept his mouth shut. Sad.
  16. And just this week, King Trump announced the Fake News Awards. Not surprisingly, CNN scored big-time.
  17. And one more time: No airliners crashed. Anywhere!

You likely saw few or none of these stories in publications like the failing New York Times and the leftist Washington Post.* And, as we head into the second year of King Trump’s glorious reign, clueless, dreamy-eyed leftists across the nation continue to wail, pout and kick their heels on the floor because they lost the election, fair and square.

What’s not to love?

* * * *

* A recent nonpartisan study showed that about 90 percent of mainstream media stories about Trump over the past year were negative. Yuge bias! Sad.