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Talking About Stoicism 242 Stoicism at the Dentist

Posted by M. C. on August 20, 2023

https://youtube.com/watch?v=HSZLwklXm9M&feature=share

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Deaths Caused By Hurricane Hilary To Be Labeled Suicides

Posted by M. C. on August 20, 2023

BabylonBee.com

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LOS ANGELES, CA — As Hurricane Hilary prepares to make landfall in Southern California, the World Meteorological Organization has announced that all deaths resulting from the storm will be ruled as suicides.

“We are seeing Hilary continue to weaken as it approaches the West Coast, so we have high hopes that it will not cause any, um… suicides,” said meteorologist Fritz McBeely to reporters. “But we must be aware, this storm is highly unpredictable and could potentially suicide anyone foolish enough to stand in its way.”

Local authorities in Los Angeles have warned their people to board up windows, stack sandbags, and refuse to testify against the hurricane in a court of law in order to avoid being suicided. “The threat is real,” warned McBeely.

At publishing time, several weather sources had confirmed that they are struggling to track the storm as their weather prediction servers were mysteriously drenched in bleach and smashed with a hammer overnight.

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Apple Valley Inn Lolo Sexual Peru

Posted by M. C. on August 20, 2023

Deep Secret

https://substack.com/inbox/post/136212118

Daniel McAdams


APPLE VALLEY INN with George Reeves

There are always secrets. What did you think when you saw her? Knowing she had all the power of your world over you?

Every day I was obligated to drive to the Buffalo Trading Post to pick up Lolo, who was Newt Bass‘s sister-in-law. She ran the dress shop. Although she was at least 20 years older than me, she was beautiful and glamorous and rich and invited me once to take a trip alone with her to Peru. Machu Picchu. Just the two of us. I was never sure whether she meant it. I was flattered and I won’t lie that the prospect took my breath away at the time.

Even though a mere lad I was smart enough to not allow myself to be embarrassed. I felt sure if I had reacted enthusiastically she would have had a good laugh on me. So I simply smiled every time she asked whether I had my passport. It was a daily game.

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“Between the government which does evil and the people who accept it – there is a certain shameful solidarity.

Posted by M. C. on August 19, 2023

 Author: Victor Hugo

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Inflation Is a Giant “Skim” on the American People | Mises Wire

Posted by M. C. on August 19, 2023

Inflation created by central banks allows government to ALWAYS have the money it wants—and be first in line to get it.

https://mises.org/wire/inflation-giant-skim-american-people

Charles A. Smith

The price of a McDonald’s hamburger in the United States has inflated 3.75 percent annually over the last seventy years. McDonald’s has grown from a tiny hamburger stand in Des Plaines, Illinois, to the second largest fast-food chain on earth. Scale economies alone (never mind process and productivity improvements) should’ve allowed the price of a burger to decline materially over this period.

Why didn’t it? What forces and institutions have conspired to inflate the cost of a simple meal by more than thirteen times over two generations? Many Mises Wire readers know the answer, but few Americans are economically astute enough to understand or describe what Vladimir Lenin called the “surest means of overturning the existing basis of society.”

Simply put, inflation is a giant “skim”—perpetrated in a symbiosis of money creation by bankers and government-affiliated central bank bureaucrats, the two institutions with the power to create money from nothing. Inflation creates a nice, cushy existence for each group. And the bankers and bureaucrats always get their money.

If steady price deflation were operative—as is the case in a properly functioning consumer economy, where productivity improvements flow into lower consumer prices—the world would be quite different today and far more difficult for bankers and bureaucrats.

With steadily falling prices, bankers must do proper credit analysis. They must set aside ample reserves and generally run their institutions more conservatively. Credit analysis is far more difficult in deflation as borrowers must continuously sell more goods to service their loans rather than relying on boosting prices. Secured loans become problematic as pledged assets devalue. Banking generally becomes a lot more work—and more risky. The period of 1865 to 1910 in the United States was a perfect example of this sort of environment. Record bank failures and enormous financial volatility accompanied steady deflation and one of the greatest periods of economic prosperity and innovation in our nation’s history.

In short, deflation creates risks for banks, so banks conspire with the government to create enough money so they don’t have to deal with it. The “balls to the wall” and “heads I win, tails you lose” practices we’ve become familiar with in banking today are both allowed and inspired by the permanent inflationary regime.

The other major inflation conspirator (and greatest beneficiary) is government. Think of inflation as oxygen for politicians and carbon monoxide as a public vote cast to raise taxes. Steady (2 percent, say?) inflation creates a reliable ratcheting effect on every taxpayer in the land, and a nice, smooth, foamed runway for bureaucrats. And should our benevolent leaders decide the inflation/tax runway isn’t wide enough or smooth enough? They simply borrow the difference (i.e., the deficit) and inflate that away too!

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The Flowering of Mediocrity

Posted by M. C. on August 19, 2023

What happened, however, was that huge numbers of people sought power as the only transcendent good; and given the normal distribution of most human qualities such as talent, it was inevitable that most people who sought (and achieved) power were mediocrities.

Theodore Dalrymple

When someone is said to be lacking in ambition, it is usually meant as a criticism, as if people had a transcendent moral duty to be ambitious. How else but by ambition will mankind advance?

I grant that ambition is sometimes, or often, necessary, but it is a virtue, like bravery, that is not self-standing. To be brave in a bad cause is worse than to be cowardly in the same cause. And it hardly takes much historical knowledge to realize that ambition can be the closest ally of monstrous evil.

If everyone were ambitious, what a terrible world it would be! The constitution of human society requires people of very different qualities, the unambitious as much as the ambitious. In some respects, the unambitious, those who are not driven to achieve anything, are fortunate: They are not tortured by the idea that they must improve on what they have already done, that they must forever go onwards and upwards. They can be content with their lot in a way that the ambitious never can be.

Of course, such contentment has not had good press; but that is because writing is always done by the ambitious, as history is usually written by the victors. The dilemma is posed in the following fashion: Is it better to be a discontented man or a contented pig? The “correct” answer is contained in the way the question is phrased; for who would say it is better to be a pig than a man? (I leave aside the question of the pig’s actual level of intelligence and self-consciousness.)

The ambitious tend to regard the unambitious as wallowing in the swill and mud of ordinary existence. They have the contempt for the unambitious that the intellectual often has for those who’ve never read a book. No doubt this picture is sometimes true: One meets people whose steel-plated complacency repels. But this complacency is far from confined to the unambitious; it is found among the ambitious who have succeeded triumphantly without any particular talent. It is often written on their faces, as unmistakably as hardship is written on other faces.

My thoughts turned to the question of ambition when I considered our gardener in France, who comes twice a week. He is a man in his 50s who has always lived alone and who refuses all payment more than 50 percent higher than the minimum wage, though we would be prepared to pay him more.

To see him work is a rare pleasure. He obviously loves what he does. He works fast, efficiently, and with an aesthetic sense. You soon realize that supervision of his work would be an impertinence. Seeing him from the corner of your eye, however, you see that he never lets up. If he says he has worked three hours, he has worked three hours, with no time off for mooning or coffee breaks.

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Disaster Relief Plane Flies Over Hawaii On Way To Ukraine

Posted by M. C. on August 18, 2023

Babylon Bee

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U.S. — According to sources, a plane carrying emergency supplies and $10 Billion in disaster relief flew over the Hawaiian island of Maui on its way to Ukraine.

Island residents were at first delighted to see the disaster relief plane on the horizon until they saw it adjust its course to avoid the heavy smoke. “Where are you going?! Help us!” said a mother of four who had become homeless overnight when the fires took her home.

Upon seeing the chaos below, the aircraft’s pilot reportedly muttered to himself. “Hmm, I wonder why we aren’t going there. Oh well! Ukraine, here we come!”

The crew aboard the disaster relief plane reportedly took exciting photos of the Hawaiian destruction that they agree will make for a great addition to their disaster scrapbook.

At publishing time, the pilot had been awarded the Presidential Medal of Freedom for expertly navigating the plane around the pillar of smoke that rose up from the smoldering ruins of Maui like a furnace, saving the aircraft from being covered in soot.

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“It’s not an endlessly expanding list of rights — the ‘right’ to health care, the ‘right’ to food and housing. That’s not freedom, that’s dependency. Those aren’t rights, those are the rations of slavery — hay and a barn for human cattle.”

Posted by M. C. on August 18, 2023

P.J. O’Rourke

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Hawaii Electric, While Failing to Act on Fire Prevention, Had Cozy Ties to Regulators

Posted by M. C. on August 18, 2023

Despite years of Maui wildfire warnings, the Hawaii utility giant punted on action and spent more on lobbying than prevention.

We are from the government and we are here to take your money.

https://substack.com/inbox/post/136176348


Hawaii state government officials and Hawaii Electric Co. were both acutely aware of the wildfire threat in Maui. Yet state regulators did not force action to mitigate the threat, and Hawaii Electric, the largest utility interest in the state and the island’s largest publicly traded company, did little to address the problem.

The two interests are deeply entwined, ethics and business records show.

Every member of the Hawaii Public Utilities Commission, which regulates Hawaii Electric, has financial or previous professional ties to the company.

Instead of action on wildfire upgrades, Hawaii Electric splurged on peddling influence with regulators and politicians while singing its own virtues in splashy corporate marketing materials. The company even sponsored a documentary this year on Hawaiian television devoted to mitigating the impact of climate change.

After a series of Mauii wildfires in 2019, Hawaii Electric, state records show, spent only $245,000 on wildfire-specific upgrades and mitigation efforts on the island through 2022. That amount pales in comparison to the tens of millions of dollars paid out in dividends and executive compensation over the last four years.

Put another way, ethics records show Hawaii Electric spent $437,252 on lobbying state officials, including utility regulators, since 2019, far more than it spent addressing the Maui wildfire threat.

While the cause of the deadly fire last week is still under investigation, mounting evidence suggests that HEC’s equipment was at fault. On the morning of the fires on August 8th, Shane Treu, a Maui resident, was awakened by howling winds, stepped outside and took a livestream video of downed power lines igniting dry grass on a road in Lahaina.

Critics have noted that the burn progression, witness accounts, and other videos point to downed power lines as the most likely cause of the fire. Whisker Labs Inc., which monitors electrical grid activity, reported that power outages from Hawaii Electric coincide with the first reports of the Maui fire.

Hawaii Electric also failed to turn off sections of its power grid during the wind storms last week, a precautionary measure adopted by other utilities in states with high fire risks, such as California.

Hawaii Electric, in response to a request for comment, noted that it spent $84 million on general maintenance and tree work in Maui since 2018. The company spokesperson did not directly address questions about delays in wildfire-specific upgrades and its own wildfire mitigation plan.

The Hawaii PUC did not respond to a request for comment.

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How Will America’s Borrow and Spend Politicians Pay for an Imperial Foreign Policy?

Posted by M. C. on August 18, 2023

Today the military does more to protect wealthy allied states than to protect the US. Policymakers should drop social engineering as foreign policy and again make defense of America and Americans the top priority of the Department of Defense.

Doug Bandow

Doug Bandow

During the Cold War Republicans took the lead in pushing for ever-increasing military outlays. Pushing expenditures upward was one of President Ronald Reagan’s priorities and led to constant battles with the Democratic House. Today, however, GOP members are pushing on an open door.

Last year Congress passed a record $858 billion Pentagon spending bill. This number didn’t include important national defense expenditures, such as for nuclear programs, which lie within the Department of Energy. When a few Republicans pushed for cuts during the January speakership stand-off, Democratic as well as GOP hawks vilified the holdouts.

Virginia’s Abigail Spanberger, a CIA officer turned legislator warned of multiple Armageddons: “As the Chinese Communist Party is increasing its military spending, Ukraine is under siege, and Iran and North Korea are watching, cutting our nation’s defense spending is shortsighted and dangerous.” Tom Malinowski, a progressive Democratic member ousted in 2022, was similarly splenetic: “You can say all day to these people that if we gut defense spending and withdraw from global leadership, Putin and Xi Jinping will win, but they honestly don’t care.” Biden spokesman Andrew Bates contended that “This push to defund our military in the name of politics is senseless and out of line with our national security needs.”

Such hysterics ignore reality. The US spends far more than its chief antagonists. The disparity grows vastly larger when outlays by Washington’s allies in Asia, Europe, and the Middle East are included. America is the most secure great power ever, with oceans east and west and pacific neighbors north and south. The right question to ask is: Why do Americans spend so much to defend allies who spend so little?

After all, Russia has yet to best Ukraine while studiously avoided war with the US. The Europeans are more than capable of containing Moscow. China suffers from multiple weaknesses and does not threaten America militarily. Instead, Washington is attempting to impose its will on Beijing thousands of miles from home. Better for friendly states in the region, led by Japan, to steal China’s anti-access/area denial strategy for their own defense. Iran and North Korea would face destruction if they attacked America and can be contained by their neighbors, most important, respectively, Saudi Arabia and Israel, and South Korea.

Defense has been the federal government’s most essential responsibility since the Founding. But when the Founders talked about such things, they meant protecting the American people, their lives, liberties, constitutional system, and territory. Alliances were a means to an end and, as George Washington famously warned, should not turn into permanent attachments: “nothing is more essential than that permanent, inveterate antipathies against particular nations, and passionate attachments for others, should be excluded.”

Treating military alliances as foreign welfare wouldn’t matter so much if the US Treasury was bulging, filling with cash faster than Congress was spending the funds. Alas, the federal financial cupboard is bare. Presidents and legislators of both major parties have pushed outlays and deficits ever upward, squandering the spoils.

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