Archive for November, 2019

Living (?) Life’s Corrosive Lie (November 18, 2019)

Posted in Gay Politics, Gender, Hypocrisy on November 18, 2019 by e-commentary.org

. . .

W        “I am impressed that the guys don’t give it a second thought.”

M         “What did they probably not give a first thought?”

W         “[Male Name].”

M         “I had a feeling.  Glad you brought it up.  They don’t give it a second thought because they don’t give it a first thought.  They don’t even suspect.”

W         “No.  You can’t be serious.  It’s so obvious.  Within minutes of meeting [Female Name] at their Christmas Party, we shared a knowing nod from across the room.  The threat level from “[Male Name]” is instinctively and palpably less than other males.  And how could a doctor, a lawyer and a college professor not know?  Are they oblivious?”

M         “A male doctor, a male lawyer and a male college professor.  They are members of the oblivious gender, so yes they are perforce oblivious.  You’re a member of the smart gender, they are members of the not-so smart gender.  He spends each waking moment in hiding and living a lie.  It can’t be allowed to be revealed or even suspected.  Tragic and sad.”

W         “Half of us are not fooled.”

M         “Obliviousness can serve a positive good.”

. . .

. . .

W        “You noticed that I noticed that you noticed that I waited a few second before turning and smiling.  ‘He was a man’s man.’  The chant and mantra of the celebration of his life.  And half of them were clueless about the absolute truth of what he was saying about him.”

M         “He took it to his grave.  I sometimes wonder if it did not slowly cripple and corrode and kill him.”   

. . .

[See the e-commentary at “The Big Decision (December 13, 2010)” and “Less Government Regulation Series: Love and Marriage (May 19, 2008)”.]

Bumper sticker of the week:

Live and let die.  Really?

Sanctions:  Stupid, Absurd, Futile?  Oh, And Happy Armistice Day / Remembrance Day / Veterans Day! (November 11, 2019)

Posted in Sanctions, SWIFT, World's Reserve Currency on November 11, 2019 by e-commentary.org

. . .

J          “But stupidity, absurdity and futility may be the unwitting goals.  Or they may not even have a goal.”

K          “Or an idea.”

. . .

K          “At least sanctions have the saving grace of not being more bombing and more killing and more killing and more bombing and more bombing and more killing.”

J          “They are considered tools of diplomacy rather than weapons of war.  However, I am not so sure whether they are not ineffective as tools of diplomacy yet very effective in instigating war.”

. . .

K          “Sanctions imposed on a country unite the country against a common threat and accelerate the drive to be independent of the good or service being withheld.  Denying a people things ranging from exotic fromage to the esoteric internet financial infrastructure to handle business transactions becomes the mother of invention.”

J          “And in the intermediate term, the sanctioned people become more independent and much stronger.”

. . .

K          “Far too many of the sanctions imposed by the United States are illegal under national and international law, weaponize the U.S.’s control of the world’s reserve currency, and/or are simply counterproductive and invite blowback.”

J          “There will be blowback.”

. . .

[See the e-commentary including the discussion of sanctions at “‘Grexit’, ‘GrexEUnt’, Percolating Problems:  PIIGS, BRICS, EU, EC, ECB, IMF, NATO, WTO, WAR (February 23, 2015)”, a discussion of SWIFT and other topics at “The China-Russia Affair: Advancing The Petro-Yuan; Dictating The Future (March 26, 2018)” and “World’s Reserve Currency War I = Cold War 2.0 = WW III (?) (September 8, 2014)”.]

Bumper stickers of the week:

“That which does not kill me only makes me stronger.”  Nietzsche

“The real power in America is held by a fast-emerging new Oligarchy of pimps and preachers who see no need for Democracy or fairness or even trees, except maybe the ones in their own yards, and they don’t mind admitting it.  They worship money and power and death.  Their ideal solution to all the nation’s problems would be another 100 Year War.”  Hunter S. Thompson

Wandering E-con-omists:  The Travels And Travails Of E-con-omic Sciences (November 4, 2019)

Posted in Economics, Economics Nobel, Noble Prize in Eco-nomics on November 4, 2019 by e-commentary.org

. . .

K          “For decades, the econ. boys have had their own fraternity house/crash pad/temple and a separate department in academia to give them street cred. and street money.  The peripatetic ghost was harbored first in the Department of Religion / Department of Mathematics and then floated to the Department of Psychology and is now decamped in the current haunt in the Department of Computer Science.”

J          “The great journey from the Monetarists/Mathematicians/Religionists to the Behaviorists to the Coders.  They will be giddy to see the word ‘Science’ on the plaque outside their current hang out.  The great anxiety and anguish for e-con-omists is that the few thinking folks do not regard it as a science.  And the reason the few thinking folks do not regard it as a science is because it is not a science.”

K          “Where will they wander next?  The Department of Astrology?”

J          “The Swedish central bank award for ‘E-con-omic Sciences’ nourishes their delusion and assuages their angst.”

. . .

J          “During the formal religious phase, the Monetarists/Religionists assumed what they proclaimed is an indisputable assumption:  ‘God exists’ and then jumped to the conclusion:  ‘God exists’.  The shamans and the shills collected considerable mammon and lucre for spreading the gospel that the rich and powerful must be rewarded at all costs.  If anyone doubted the conclusion, they dismissed the cavil and reiterated that it followed logically and inevitably from their indisputable assumption.”

K          “They like tautologies.  God is Mammon; Mammon is God.  Their gospel claimed to be air tight, but it lacks any real air.”

J          “It is hot air.  But their God sure made buckets and boat loads of money for those on the inside and spewed a few shillings for those who did their shilling.”

. . .

K          “During their interregnum in the Department of Psychology, at least the Behaviorists claimed to gander at how folks behave en route to positing how folks behave.”

. . .

K          “Now they are into randomized controlled trials (RCTs) that purport to explain and predict behavior.  Testing just like the doctors.”

J          “The real doctors have the Hippocratic Oath and the e-con-omics shamans and charlatans now have their precious computer code.  And they can allay their anxieties because it is after all . . . science!”

K          “But you cannot replicate the studies.  So it is not real science!”

J          “Don’t hurt their feelings.  Don’t undermine their self-esteem.”

. . .

K          “Full circle or moving forward?”

J          “Sideways or backwards?”

. . .

[See “New Nobel Winners Are Latest Bad Sign for Economic Theory” in “Mises Wire” by Peter G. Klein dated October 15, 2019, “Impoverished economics?  Unpacking the economics Nobel Prize” in “Open Democracy” by Ingrid Harvold Kvangraven dated October 18, 2019 reprinted with commentary by Yves Smith in “Naked Capitalism” dated October 18, 2019 and “What randomisation can and cannot do: The 2019 Nobel Prize” in “VoxEU” by Kevin Bryan dated October 29, 2019 reprinted with commentary by Yves Smith in “Naked Capitalism” dated November 2, 2019.]

[See the e-commentary under the Categories “Economics”, “Economics Nobel” and “Noble Prize in Eco-nomics”.]

Bumper stickers of the week:

Economics:   If I have to explain, you wouldn’t understand.  With a nod to Oscar Wilde

Not all who wander are lost, but some are