Category: Financial Crises (Page 1 of 2)

Academy of Ideas brings us a timely and well-articulated warning. The ancient game of debasing currency and inflating the money supply should not be expected to produce different results in our own time.

Watch on YouTube or listen on Apple Podcasts. Transcript here.

Ricochet, a deservedly popular and uniquely valuable site for civil, center-right discussion and superb podcasts, and one of my favorite online destinations, needs our help. And they’re asking very little.

For people dedicated to the idea that something worth having is worth paying a little of our hard-earned money for, keeping Ricochet going should be easy. We can do this in our sleep, folks. All they need is for a mere 2% of their 400,000-500,000 unique monthly visitors to join, at the bargain price of $3.67 per month or $29.95 for a year (=$2.50/month). I’ve been a member since March 2011, and am already renewed through March 2014. If you’ve enjoyed the site and want it to stick around beyond their projected “fiscal cliff” of January 21st (also known in some circles as “Inauguration Day 2013”), please become a paid member, or give a gift membership. They’ve given the world some uniquely great content, and now they need more new members to step up. Pronto.

There are plenty of sites you can visit to read editorials and blog posts, and then drown in a sea of spite-filled ad hominem invective punctuated only occasionally by a sparse flotsam of sincere and insightful remarks in the comments that follow, if that’s your thing. We call this phenomenon “The Internet(s)”. By charging a nominal membership fee for the ability to post and comment, and thus giving participants some “skin in the game” — a small but significant stake in keeping the place civil — Ricochet has built a site and community without peer, where one’s time reading and having meaningful discussions can actually be well spent. What’s more, Ricochet provides the unique opportunity to engage in discussions with prominent great minds, and people of uniquely interesting perspectives and great wit — people such as Peter Robinson, Victor Davis Hanson, James Lileks, Rob Long, Claire Berlinski, Pat Sajak … the list goes on and on.

Friends, we’re going to need a gathering place like Ricochet more than ever in the coming years. If we give a damn, we can easily keep it going. Or, we can just let it go under on Inauguration Day, content to dream of the other, far better uses to which we can put the 8 cents a day we’ll each have saved. Our choice.

There’s a founders’ discussion of their fiscal sitution in the latest podcast episode.

On receiving a campaign email titled “Every Radical Woman” last week from my former Congresswoman, Democrat Jackie Speier, whose mailing list seems to have mis-classified me as a supporter, I felt compelled to reply.

I suppose I might have saved my energy and let this one go — I no longer live in California, after all — but its cynical and disingenuous attempt to tar the pro-liberty Tea Party movement as somehow anti-woman, as part of the bombastic “war on women” meme that today’s Democrats seem to hope will distract from their out-of-control spending and abysmal failure on the economy, was too far beyond the pale to go unchallenged.

On a range of issues culminating in Speier’s enthusiastic support for the legislative and financial disaster known as ObamaCare, whose detractors her campaign vilified as fear-mongering extremists, I never felt Congresswoman Speier represented my positions or values. Thankfully, we are now both relieved of the representative-constituent relationship, as I explained in my emailed reply:

You may wish to update your contact list. I did not vote for you, but you may thank me for relieving you of the burden of representing me.

After 33 years in California, some of it lived as a moderate Democrat, I have given up on my beloved home state, and departed with my productivity and entrepreneurship in search of places where fiscal sanity is practiced. I have been much happier for it, and have not had cause to look back.

As one municipality after another goes bankrupt, while voters refuse to do the difficult grown-up work of reining in out-of-control spending, my only remaining hope for the state of my birth is that it may serve as a warning to the rest of the country before it is too late.

Suffrage was and remains a fine and just achievement, but it’s an irreversible milestone from which society has rightly moved on. Today’s authentically “radical women” are those who challenge the regnant orthodoxy of unsustainable, infantilizing nanny-state feminism and are routinely vilified for it. The overwrought notions that calling for fiscal responsibility somehow constitutes a “war on women”, or that the economy- and liberty-focused Tea Party represents a resurgence of anti-feminist social conservatism, are farcical and disingenuous scare tactics, and I suspect most of those who promulgate these desperate fallacies know that. If there is a war on women, it is nowhere more manifest than in persistent unemployment that disproportionately affects women — the foreseeable result of decreasingly competitive, increasingly business-unfriendly economic policies. What will most help women is what will help us all: a return to smaller government and fiscal sustainability.

For my part, I’ve had enough of fiscal denial, and the ugly and cynical politics of fear, envy, and entitlement that have fed this crisis, having left in search of places where the pioneering American Idea still thrives. I will go wherever I have to to escape the ruinous advance of Progressivism — a philosophy whose state mechanisms, as California’s 33rd governor aptly put it, resemble nothing so much as my newborn’s alimentary canal — with an insatiable appetite at one end, and no sense of responsibility at the other.

I do hope California can be saved. I’m done waiting and wishing, against all evidence and common sense, for it to happen, and I leave the state to those who seem to think they know better.

You’re welcome.

Your Former Constituent,
Troy Stephens

A snapshot of the campaign email to which I replied:

…of others — still just as relevant the day after:

Victor Davis Hanson: “Some Random Politically-incorrect Reasons to Be Optimistic on Thanksgiving Day”. (Appreciation of dedicated pilots and the wonder of air travel hardly seems “un-PC”, but I suppose his other points qualify.)

Bill Whittle celebrates the life of a friend recently lost.

Neo recalls a Thanksgiving spent alone, in “Thanks for the burger, but no thanks”. (I’ve been there!)

Ample material for ten insightful articles, condensed into one. Don’t miss Victor Davis Hanson’s latest: “Ten Random, Politically Incorrect Thoughts”.

Another fine article from Bill, over at NRO. This point in particular resonated with what I’ve been thinking about the whole mess:

So how do we inflict some badly-needed pain on people who need to feel it, without hurting the rest of the good and honest folks who pay their bills responsibility?

Much easier said than done, unfortunately.

There’s a comment thread for the article over at Bill’s place.