Contra Niche
Monday, February 17, 2025
Why I Believe Elon Musk
Tuesday, February 4, 2025
USAID: A GOOD FIRST STEP
Monday, January 27, 2025
Twelve Federal Reserves
One of the potential ways of rehabilitating at least part of our economy is to force the Fed to be what it was supposed to, if I remember the concept correctly. Of course, the main call to do anything to the Federal Reserve in recent years has been to end it- an idea I am partial to, but I have worries about who ends up essentially controlling the U.S. Dollar if we don't in some way.
The Fed is comprised of 12 regional banks, and they should be setting policies based on the needs of their individual regions. The venture capitalist era in California, inflated asset prices on Wall Street- most of the money goes to big players. Then, when they decide to raise the interest rate- they are rather obviously trying to effect the people- they focused on making people lose their jobs.
But what if there were 12 independent reserve banks?
NY sees the inflation in the stock market and sets its rates higher. Meanwhile, another reserve bank is in a region where the cost of living is cheaper, and it seems clear there is room for actual productivity rather than glorified casino games. Not only will the people in the poorer region benefit from the lower rate, but it also incentivizes the East and West Coast financiers to start projects in the poorer region. It would have a decentralizing effect.
Incidentally, a micro-version of this problem lies in Korea. Seoul is so absolutely dominant that everyone wants to live in Seoul, but housing prices have risen to insane levels. This is one of the reasons their fertility rates are so low- they feel it necessary to live in Seoul, but the prices are so high, the idea of having children there seems absurd. Similar issues in Japan, Singapore, etc...
The big cities are good to have if people are going to the big city, making money, finding a compatible spouse, and then returning to a location more suitable for raising children. If people feel stuck in the city, well, it seldom encourages large families.
But these economies ultimately need families as they are little better than ponzi schemes, given that they are based on forever growth, and, ultimately, the only way you get real growth is with more people. It would be good to fix the economy so it wasn't so directly dependent on growth, but that's going to take a bit more time to fix. Since we have an economy so heavily based on debt, price signals are more than a bit fuzzy right now.
I think this was the way the Fed was originally conceived. I suspect it is more politically feasible to reform it along the lines of its original charter than it is to end it. We haven't even been able to audit it. But there are likely legal means to force it to behave as it was conceived.
Friday, November 22, 2024
Fighting Multiple Enemies With A House Divided
Thursday, October 17, 2024
Probabilities Regarding China, Russia, and Trump
I've had this thought:
The best time for China to take over Taiwan is right after Trump is sworn in.
This assumes they've done a lot of other things, like stock up on supplies in case of sanctions or whatever, but the timing is ideal from the standpoint of what exactly the U.S. government is likely to do.
Even though Trump erroneously employed people like John Bolton, Trump still tended to not do crazy military things that would lead to a great amount of death in other countries. I remember some issue with some Middle Eastern country (probably Iran) shooting something or other down (probably a drone). Many officials were quite bellicose about what the U.S. response should be, but Trump decided such a response was not proportional.
So it is unlikely Trump would try to do something really horrific, like blowing up that huge damn and wiping a bunch of mainland Chinese people who didn't have anything to do with the decision to invade Taiwan. I suppose there's a really small chance he'd decide this or that general was responsible and try to have him assassinated, but the most likely possibility is that Trump will want to make a deal.
There's already enough information possessed by the Russians to start a large investigation into all sorts of criminality various members of the deep state have been up to over the years. Just the bioweapon labs in Ukraine alone ought to be enough. But obviously there is more than that. The younger generation of Biden, Pelosi, Romney- were all in Ukraine getting paid for something or other.
This makes me think back to when Pelosi made that random but highly visible visit to Taiwan. I would assume that, if they had got up to anything in Taiwan, it would be a kinder, gentler version of the sort of criminality they got up to in Ukraine, but it is quite possible the same sort of crew who got up to no good in the Ukraine also did something in Taiwan.
But all of the nonsense various deep state people got up to means Russia and, possibly, China have a stockpile of information that would make very useful legal ammunition for Trump. He could have a real chance of draining the swamp with this stuff. And I suspect that this 'stuff' points directly to things that are illegal to do in the U.S.- not just stuff that Russia and China didn't want them to do.
Zelenskyy is in big trouble and may want to rat out some of these deep state actors in order to secure himself a chance to live out his life somewhere outside of a jail. This is not going to happen in Ukraine where even a very anti-Russian person would have several reasons to hate him.
A lot of moving parts here, and not really even a good idea about what sort of deal Trump would make, assuming we are talking about China taking Taiwan. But Trump is smart enough to have actually noticed all of our war gaming research has shown we can't do a damn thing about China taking Taiwan. China worries about two things- being cut off from trade and the extremely damaging but ultimately pointless carnage a dying empire can inflict on their population. Trump is the least likely to do the latter. And in terms of trade, regardless of whatever sanctions he might put on initially, he loves making deals. So he would also be the fastest to try and get back to some sort of trading agreement.
And if, in the process, a whole bunch of the swamp gets convicted and shunted out of Trump's way here in the U.S.- well, I suspect Trump would be rather appreciative.
Friday, October 11, 2024
Data Apocalypse
I've been thinking about data breaches and whatnot. It seems to me the 'know your customer' laws, healthcare laws, etc... well, they are all making things worse. The government has basically forced everyone to build these databases of data, and that means there are more chances for data theft. There are also more chances for those companies with the data to do naughty things with the data.
Of course, the government sometimes steps in with some more laws or more exhortations for better security, but I haven't seen this turn out to be all that great. Usually just more regulations, potentially even more places for the data to get stolen from, and the government track record hasn't been too good either. They've had plenty of data breaches as well. Doesn't seem like this is getting any better.
This insistence on the proliferation of the data is the fundamental problem, and it is doubtful your average bureaucrat will come to this understanding, seeing as this is one of the fundamental job descriptions of bureaucrats.
Even back when these records were on paper, bureaucrats had a bad habit of collecting too much data and not being careful enough about limiting access. But at least the potential bad actor had to go find the physical paper.
It seems to me the problem is potentially so large that even bureaucrats should realize the current trajectory isn't a good one. We have to figure out how to do with less. We often find out this or that perpetrator was known to the FBI, and yet, it didn't do us any good that he was known to them.
Maybe if they collected a little less data, they'd have time to go and catch some of these people.
Sunday, July 28, 2024
If Goverments Were Products...
This post was made possible by people lying again about what Trump said. What did he say? I don't know, because by this time I know I could go find out whatever he said and it would obviously not be what they said he said. It doesn't really matter what he said. What matters is a fundamental error in thinking about government.
So, let's just say someone tells you- hey, just vote for me this one time and you'll never have to vote again.
If this were a product, that someone would be selling you something- like maybe a washing machine or something- and he'd say, just buy this once. It will just work and you won't have to meddle with this thing ever again.
But those who constantly talk about 'our Democracy' - if they were selling us a washing machine, wouldn't we be getting these mixed messages:
1: Bureaucrats/experts who will tell us how to do our laundry.
2: Constantly having to fix/meddle with the machine and/or just having to hand-wash because the machine isn't working again (and this will allegedly be a good thing because participation in this task that you just want done well with a minimum of attention or input on your part is somehow a wonderful thing).
3: Additionally, we must hear other people's voices about how to do the laundry and/or run the machine (which usually doesn't work- at least it doesn't work for our purposes). The sort of people who absolutely fail at laundry nevertheless must be heard because everyone must have a voice- and it is very unkind to notice that they've turned all their white t-shirts pink.
Regardless of whether this analogy is functional or not, there's a key issue here- people don't like politics and most people have absolutely no skill whatsoever with that esoteric art of creating policy. We are currently in an era of being jerked around by people skilled in emotional manipulation, and the resulting policy prescriptions tend to land in the arena of doing twice as much as whatever it was that was done before.
This is probably because the current lunacy is still providing benefit to a few powerful people who find the situation lucrative.
But in terms of real people, the idea of being able to stop paying attention to this governance thing sounds pretty awesome- much like if you have a good spouse competent at housework. You are then able to go do whatever it is you are good at and not worry about the laundry.
We would be thankful for a government we could ignore. That would mean it was quietly doing good work and we could get on about our own work.