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The Modern American Economy: An Illusion of Growth

The transformation of the American economy is largely due to the debasement of common currency or legal tender, the disincentives which have followed to discourage savings, and the dramatic changes to the composition and complexion of investment, the largest of which can be aptly characterized as (direct or indirect) government spending at the real yet unseen expense of business investment. 

Whereas direct government spending once constituted a mere 3 percent of American economic activity at the turn of the twentieth century, it has ballooned to greater than 40 percent of that pie today. 

Notwithstanding the rear view mirror economists who attribute growth to spending, purchasing power and meaningful enhancements to the average standard of living follow from changes to marginal (and utile) productivity, not just to the vivacious velocity of money. 

Of course, the identifiable factors which have been popularly lauded for driving nominal economic growth in the new American economy have lev…

YouTube Commenters Don’t Understand Economics: Car Talk

Today, I witnessed a conversation between YouTube commenters which inspired me to shed some light on myopic deduction practices and failures of economics. 



The original commenter posted the following remarks: “I’m a fan of the GT350R. I can’t wait to buy one. I’ll wait until California adds one more dollar per gallon to gas. Hopefully that would bring down the price.” 

This individual commits the common fallacy of focusing on one feature of the picture while neglecting to appreciate the whole thing. 

In an environment of rising fuel prices, the transportation and production costs will scale upward, leaving new production to clear markets at increasingly higher prices or otherwise clear at lower prices with inferior quality. 

If the original poster intends to purchase a used GT350R, as opposed to the implied new purchase, then he needn't exclusively wait for higher fuel prices to mitigate demand, as the average (non-collectible) vehicle will invariably depreciate (in real terms) over t…

Ersatz America: Delusions and Dilutions of the Lives We Live

We increasingly witness a society which is being governed by emotional and political qualms despite their stark contradictions with reality. 

In many senses, we are today dealing in a world of protests against organic phenomena or sheer human preference, as if we encountered a collapsing tree or a runaway train and dared to stand in front of it and pronounce it wrong or incorrect. 

Despite our opinions on those two scenarios, the tree will likely only continue to fall until it reaches the ground, just as the train is likely to proceed right through the impassioned shouts of of caffeinated protestors. 

Standing in front of the train or in the path of the falling tree is just as foolish as condemning the properties of this world and attempting to redefine them to better resemble the world of one’s dreams. 

In this sense, we bear witness to a host of excitable chatterboxes who deal in an ill-defined world wholly separate from reality, where fashionable suppositions and emotional appeals popu…

The End of Hayward, the End of an Era

Today marks the end of an era, the final stand of Historic Hayward Field and the veritable symbol of American distance running. 

Legends and their feats echoed across this field, along with the chants and cheers of impassioned fans, inspiring the many who have trained or competed there. 
For the running enthusiast, no single venue may ever compare to the one which hosted so many world and national records, Olympic athletes and hopefuls, NCAA and USA Championships, their many stories and the ineffable sensations which motivated them to compete, to challenge themselves and to discover their capacity for greatness. 
For generations, Hayward Field has stood proudly as a proving grounds and a launching pad for those who've religiously trained for their moment and others who've gathered there to be inspired or to witness the incredible. 
With this loss comes a blank slate, and though state of the art, no investment can possibly recapture the spirit of history, the blood, sweat and tears…

The Fallacious Foray Against Free Speech

Those who intend to violently curtail freedom of speech operate from an obsession with discord or from a desperate appetite for limited classifications for singularities which otherwise amount to complex subject matter. 

In the lion’s share of cases, it appears as though a select few impassioned chatterboxes monopolize the headlines with explosive rhetoric designed exclusively to make your blood boil, to deliberately obfuscate the ongoing conversation, and to persuasively nudge passive bystanders into accommodating their half-baked demands. 

Of course, the unquestioning or preoccupied bystander generously yields to the moment’s inertia as a way of sheltering oneself from the onslaught of ridicule which might otherwise overwhelm him. 

What’s more, the average individual faces little difficulty in accepting these demands, as his connections and relationships seldom, if ever, present such a problem. 

Where those problems present themselves, however, one always reserves the option of avoiding…

Government’s Laws: Replacing Human Action with Old Ink-Splattered Pages

Government’s laws appear to stretch forever into the cosmos, scarcely reined in by those who stand to benefit from the expansion of their powers.
Those laws, then, often replace negotiations and interactions between persons who are perfectly capable of managing nuances and disagreements on their own, who are likewise fully capable of assuming and evaluating their own respective risk appetites.
Of course, while these laws behave as surrogates for the otherwise human factors who originally conducted their own due diligence or paid the dear cost for their personal negligence, the statutory counterpart, the mere interpretation of a composite of ink and paper representing emotionally-inspired thought, fails to assume the same dynamic character of live human beings, always lingering around for far too long and always failing to adapt to fresh discoveries, new innovations and contemporary customs.
Instead, civilizations are predictably left with outdated and obsolete restraints which implacably…

From Survivalists to Subscribers: Leafing through the Pages of Life

The fresh zeitgeist in the Western world appears to have descended from the skies, not from the heavenly halls of divine wisdom but from the delusional doldrums of distant demagogues, the dusty halls of civic centers and the stripped-down storylines thought up by masterful mockingbirds and fairytale authors atop the ivory tower.

Whereas this planet's inhabitant's once carved out their lives, the terrain and the frontiers of those lands, their modern counterparts have been left with the remains of history's civilizations, prohibited from building upon, altering or in many cases even touching the artifacts and regions which depict the inspired endeavors of a time gone by.

Today, the adventurer encounters barbed-wire fences, "no fishing" signs, posted curfews, ubiquitous warning placards, and routine penalties, citations and fines, even possible arrest, for traveling or sleeping across so-called public property.

This property, in addition to its many laws, has become s…

The Incredulity of the Insufferable Left

The general Leftist theory cannot possibly or consistently account for a variety of ordinary life dynamics and phenomena.
The following list affords a mere snapshot into what would otherwise require an endless anthology to become comprehensive.
As such, this list serves merely as a primer into some of the poetic, oftentimes comical, shortcomings of the Leftist worldview, not as any remotely exhaustive examination thereof.
The general Leftist is one who advocates for the advancement of specified groups or interests by means of social enslavement through the apparatus of institutional force or coercion, a body otherwise known as government.
Through the mind’s promulgation of certain basic axioms and expectations, the specimen attaches to notions which purport to rebalance the scales toward parity or otherwise achieve reparations for past wrongdoings, assigning blame to those who bore positively no responsibility for the events under review, and systematically depriving them of due process a…

Yosemite in the War Against Freedom

Upon my arrival in Yosemite this weekend, I was nearly crippled by the prospect of inevitably breaking the law. 

I hadn’t intended to steal, to drive recklessly or in excess speed, nor had I any intentions to commit assault, battery or any other variety of heinous acts. 

No, I had only envisioned an impromptu adventure into the wilderness of Yosemite, hopeful that I might find a tiny plot of land where I could park my car and pitch a tent. 

If only such a simple concept were met with a reality as accommodating. 



Instead, this trip took me on a wild goose chase in search of a parking lot where I might freely leave my vehicle without being cited for a manufactured violation, whose consequences measure in the hundreds of dollars and untold quantities of stress, whose enforcement takes the form of men with guns who stand prepared to place me in handcuffs should I ultimately fail to satisfy the fabricated debt ostensibly owed to a body of people who have yet to really justify their claimed own…

Government Kills: Opportunity Costs Measured in Deaths, Not Dollars

You know what is one of the largely-ignored ramifications of downzoning and vertical restrictions on construction in the San Francisco Bay Area? 

The numbers of people who will die, and the value of property which will be lost, during the next earthquake. 



Whereas some corners of the Bay Area are better equipped to survive such an imminently catastrophic event, most people cannot live there because of those restrictions and because of the consequent pricing-out effect. 

Instead, a great many Bay Area residents have desperately capitalized on relatively cheaper real estate on dangerous fault lines across the region, and the silver-tongued bureaucrats, who purport to represent the interests of their constituents, simply do not care.

Indeed, those chatterboxes care only about the observable and tangible qualities of life and the initiatives they can undertake today to bolster their perception in the polls.

They care only about those ideas which are marketable at the podium or at the bookstore…

Another Racist Construction of Government: From Concentration Camps to Heritage Months

In 1942, President Franklin Delano Roosevelt issued Executive Order 9066, enabling the forcible incarceration of 120,000 Japanese-Americans solely on the basis of their race, effectively circumventing due process and suspending their Fifth Amendment Constitutional rights to favor political expediency. 

In the wake of the December 7, 1941, attack on Pearl Harbor, public envy of the economic success of Asian immigrants collided with popular contempt for everything resembling the Empire of Japan. 

For four years, the lives of many were unalterably ruined and thousands perished across at least ten camps from Camp Upton in New York to Manzanar and Tulelake in California. 



During this time, an estimated value of $10 billion (in 2018 dollars) of lost property and income was accrued and tens of thousands of Americans were deprived of their Constitutional right to due process and their right to appeal, while political righteousness was palatably pursued by men and women adorned in the latest fash…

We’ve Got 99 Problems and Sound Money Ain’t One

One of the great social, political fallacies of the day is found in the unexamined and nearly unconscious belief that all expressed human demands ought to be realized through the market, that money ought to match everywhere with everything that one could possibly desire. 



The popular refrain on this matter follows from the unstated supposition that the market, an abstract and unidentifiable entity representative of innumerable moving parts and human participants, bears certain responsibilities for others who wish to benefit from its activities, even after those individuals have personally failed to contribute anything of their own to that mechanism. 

Unwittingly, those critics assume those other individuals ought to relinquish their freedom of discretion, or some margin of the product of their labor, to satisfy the requests of the specified few who have done little more than to exercise their mouths in communicating their selfish wants. 

The cohorts of people who identify with this camp,…