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Hazlitt’s Lesson Restated: New Jersey’s Disastrous Ban on Single-Use Plastic

Posted by M. C. on October 8, 2022

https://mises.org/wire/hazlitts-lesson-restated-new-jerseys-disastrous-ban-single-use-plastic

Georg Grassmueck

New Jersey became one of the latest states in 2022 to ban single-use bags. In 2014, California became the first state to ban of use plastic bags. Since then, several states have followed including New York, Oregon, and Washington for a total of ten states. Advocates for the ban proclaim disposable bags to be bad for the environment and reusable bags to be good for the environment.

Many different studies have looked at the environmental impact of plastic, paper and reusable bags and have found that the environmental impact of plastic is far less damaging as being portrayed in the media. What really matters is what happens to the disposable or reusable bag after the initial purchase? As all too often, lawmakers at the state and municipal level wanting to be seen as environmentally conscientious never thought beyond the initial ban and never considered the unintended consequences. Economics in one lesson by Henry Hazlitt would be a good starting point.

New Jersey as one of the latest states to jump on the plastic ban band wagon is a great example of great intentions with bad consequences. New Jersey wanting to push the envelope even further and being more environmentally conscientious by not just banning plastic bags went even further and banned any kind of single-use bags, plastic or paper, for grocery stores over twenty-five hundred square feet. Lawmakers with a single-minded focus on eliminating single-use bags never imagined all the possible unintended consequences this law might have.

Over the past three years, the covid pandemic caused a shift in consumer behavior toward more online grocery shopping. The convenience of online grocery shopping has provided a prime example of the failure of planning, any economic planning. Online grocery orders still have to be packaged to be delivered to the customer. With a ban on any kind of single-use bag, the only solution are reusable grocery bags. The law’s unintended consequences are mountains of heavy-duty reusable shopping bags for people who rely on grocery delivery services or curbside pickup services. All these bags will probably end up in the garbage.

The embrace of reusable bags as the sole solution to the problem creates problems well beyond the imagination of short-sighted politicians. As more and more stores require reusable bags, consumers will end up being required to buy a reusable bag for the quick unplanned trip to the grocery store or the time when all the reusable grocery bags faithfully brought to the store are not enough for the unplanned sale of an item. Every product is manufactured with a consumer in mind. As Mises points out in Profit and Loss, the market will reward the product that will fulfill the consumer’s needs at the lowest price. The single use plastic bag has done a fantastic job over the years.

Study after study has shown that single-use bags are better for the environment than paper or reusable bags, they have the lowest environmental impact. Plastic bags use less fuel and water, fewer greenhouse gases, and less solid waste than the other two. In an article published by Columbia University summarizes it well:

Generally speaking, bags that are intended to last longer are made of heavier materials, so they use more resources in production and therefore have greater environmental impacts. To equal the relatively low global warming impact of plastic bags, paper and cotton bags need to be used many times; however, it’s unlikely that either could survive long enough to be reused enough times to equal the plastic bag’s lower impact.

The author of the articles concludes “the key to reducing your environmental impact is to use whatever bags you have around the house as many times and in as many ways as possible.”

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The Temptations of the Intellectual

Posted by M. C. on October 8, 2022

By Anthony Esolen

The best students believed in and loved literature first—the rocks and trees, you may say; and they valued literary theory only insofar as it helped to illuminate that literature, or insofar as the literature itself confirmed the theory. The theory, they thought, was at best a tool for seeing, like a flashlight, or a plan for organizing what you have seen. The lesser students, who were not that good at interpreting the literature to begin with, turned instead to the theory, and that provided them with a good stock of abstractions to go job hunting withal.
Crisis Magazine

I’m not the first to have said that there are some ideas so stupid only an intellectual can believe them. I can think of three reasons why.

The first, the most fundamental, is the intellectual’s propensity to mistake words for things. Sometime in the next few days, I will be climbing over rocks in a field exposed to the sea-winds to gather lingonberries. Rocks, winds, berries, weeds, the occasional bear that likes the berries too, the waxwings that make sure they are around just when the berries are best—these are realities, not just words.

Perhaps ten years from now I will be too old to engage in this pastime. Old age is not just a word. At one of the spots, reachable when the tide is out, some man has attached a thick rope to a tree trunk, so you can climb down the escarpment with one hand free to carry the bucket of what you’ve gathered. Ropes and buckets are not just words.

My wife and daughter will save the berries—they freeze well, and they don’t soon go bad—or they will turn them into jam, the richest you’ll ever taste. I suppose you could call this division of labor—which makes sense when you are thinking about good, firm, physical objects with their healthy resistance to human manipulation—an example of “sexual stereotyping,” or “subconscious patriarchy,” or “oppressive binarism,” or whatever le mot du jour happens to be.

I call it getting a job done with the most success and the least fuss, and in a way that makes me grateful for my wife and daughter and makes them grateful for me. The closer we remain to what Fr. Aidan Nichols has happily called “the warmth and wonder of created things,” including the most splendid wonder of the sexes, the more likely we are to retain our sanity in a mad and unhealthy time.

But many an abstract word is like a cobra, dancing before the eyes of the little bird with its bird brain, until, flash!—the bird is no more. “Democracy,” “equality,” “economic development,” “self-affirmation,” and (used without qualification) “science” are cobras that fascinate by attraction; while “sexism,” “racism,” “marginalization,” “fascism,” and “religious extremism” are cobras that fascinate by repulsion. All are vague in their common use, or worse than vague; they obscure reality and obstruct thought.

Before a sensible person talks about “equality,” he’d like to know in what respect the two items in question are to be considered equal. Before a sensible person talks about “fascism,” he would like to know what kind of political program it describes and exactly how it is akin to what Mussolini, who coined the term, defined as fascism’s essence: “Everything in the state, nothing outside the state, nothing against the state.”

But words dazzle the second-rate mind. I saw it at work in graduate school. The best students did not gape at the impenetrable prose of Judith Butler, or Jacques Derrida and his heaping one negation atop another in his virulent hatred of common-sense Thomism.

The best students believed in and loved literature first—the rocks and trees, you may say; and they valued literary theory only insofar as it helped to illuminate that literature, or insofar as the literature itself confirmed the theory. The theory, they thought, was at best a tool for seeing, like a flashlight, or a plan for organizing what you have seen. The lesser students, who were not that good at interpreting the literature to begin with, turned instead to the theory, and that provided them with a good stock of abstractions to go job hunting withal.

The second reason is related to the first. It is vanity—the emptiest of all manifestations of envy or pride. Now, most human beings can’t hit a baseball hurled at them at ninety to a hundred miles an hour. That does not excite envy. But if I say that most human beings can’t write a penetrating essay on King Lear, even a friendly reader may begin to grow jittery. And yet it is no less true, and for the same general reason.

Talents are not distributed equally. A sane and grateful person is happy to acknowledge an excellence in someone else because the excellence is a gift to everyone. I am glad there was a Bach in the world. And I know that I could not have been Bach, not under the most favorable of circumstances.

But a vain person, someone puffed up with pride, or envious of intellectual excellence that he cannot attain, will turn to one or another form of unreality. It is hard to write a Bach oratorio. It’s not hard to bang the ivories and call it music. It is hard to paint a Raphael Madonna. It’s not hard to splash or smear paint on a canvas. You have to study carefully and practice, often to an excruciating degree, just to get the anatomy of the human form right. Far easier to toss an abstraction up in the air and try to cover your incompetence with a fine term that makes you out to be quite the intellect.

We thus have many a nonrepresentational artist, as we have nonmetrical poetry, and nonmelodic songs, and politicians who have never studied history or the political thought of careful men but who are rather proud of dismissing the former and scorning the latter.

I am not saying that there cannot be a great work of abstract art, or great free verse poetry, or great music that eschews melody. My observations are general, not universal. But the sheer difficulty of the basic work to be done—to write in meter, to draw a human body, to say something interesting about King Lear—encourages those who cannot do that work to change the nature of the job. Those who cannot write well write badly and declare that it is better that way.

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President Barack Obama Returns To White House After Growing Tired Of Working Remotely

Posted by M. C. on October 8, 2022

https://babylonbee.com/news/president-barack-obama-returns-to-the-white-house-after-growing-tired-of-working-from-home

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WASHINGTON, D.C. – President Barack Obama has returned to the White House after growing tired of working remotely. The President said it was time to work in the Oval Office once again, after over a year of being the president from his Martha’s Vineyard estate.

“Normally, a President can only hold office for 2 terms,” said Barack Obama to other elites gathered at the White House. “But we found this little loophole where you just take a 3rd term anyway by working online.”

According to sources, Obama explained that working from home was fun for a while, but he just needed to get back in the office and meet face to face again. He also added that it just wasn’t the same not being in the limelight all the time.

“It’s been quite the experience so far. You’d be surprised how easy it is to ruin – erm run a country over Teams or Zoom.” said President Obama. “The best part is no matter how bad things get – I just blame Kamala and Joe!”

At publishing time, President Obama was found in the situation room launching drone strikes on Middle Eastern civilians. He said he “missed seeing the strikes on the big screen.” 

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The Fed’s Real Mandate

Posted by M. C. on October 8, 2022

The current “dual” between the two mandates is to reduce price inflation by increasing interest rates to increase unemployment and kill businesses to choke off aggregate demand.

https://mises.org/wire/feds-real-mandate

Mark Thornton

The Federal Reserve has a legal dual mandate to minimize unemployment and price inflation. The current “dual” between the two mandates is to reduce price inflation by increasing interest rates to increase unemployment and kill businesses to choke off aggregate demand. This has been the most important economic and investment issue this year and this dual minimization procedure has dominated Fed policy for at least three-quarters of a century.

This is odd given that the Fed is in the business of creating money, the cause of price inflation, and it is responsible for all the largest surges in unemployment since its founding in 1913. Employing an army of monetary economists, macro theorists, and statisticians, the Fed appears to be pursuing its quixotic quest of the Phillips curve sweet spot of minimizing inflation and unemployment.

The real mandate of the Fed is serving its masters, the political elites, by financing government spending and debt, bailing out cronies, and supporting the political process, including the Fed’s own interests. Everything else, including the inflation and unemployment rates are derivative of the primary mandate. The so-called dual mandate is just subterfuge to protect the Fed’s “confidence game.”

The Quest of the False Mandate

In The Fed Explained: What the Central Bank Does, we learn how control of the Fed is “decentralized.” This might sound good to some supporters of the free market. However, any hint of decentralization, such as the importance of District Banks, is long gone and the remnant is merely a diversion or historical curiosity. Of the twelve votes on the Federal Open Market Committee (FOMC) there are only four of twelve rotating District Bank presidents voting, plus the President of the New York Fed. The central Board of Governors in Washington DC has seven voting members who are appointed by the President and confirmed by the Senate and has nearly twice the voting power over interest rate decisions. Plus, the Chairman (Powell) has the power of the bully pulpit and is the consensus builder on the FOMC.

We are also told of the balancing of public and private (banks’) interests controlling the Fed and some free-market supporters latch onto the influence of the private sector as an effective check on the Fed’s enormous economic power. Big banks do work directly with the Fed in “open market operations” and interact in the day-to-day business of banking regulation. Commercial banks have some voting power within the District Banks. However, this influence is contingent on political goals and even the big banks can be pawns in the Fed’s political chess game. Their shares are “nonnegotiable” and are nothing like shares in private corporations. Banking interests are clearly derivative, and the Fed has thrown such interests overboard when necessary, such as with the Savings and Loan Crisis or Lehman Bros. In any case, the union of public and private interests is the ultimate source of corruption and can be the greatest threat to human liberty. Such private interests are clearly not a bulwark of liberty.

It is true that the Federal Reserve Act of 1913 was established and intended to be a cartel device for the banks and some banks are better protected than others. Marx and Engels (1848) called for the establishment of central banks and thereafter Americans were increasingly duped by socialist ideology. This socialist influence was an important force during the so-called Progressive Era (1890–1920). History textbooks make the Federal Reserve Act appear to be the result of a coalition of popular interests. However, the big banks and their academic technocrats controlled by political elites, created and controlled the legislative campaign with their “independent” National Monetary Commission.

A final and critical canard about the Fed is its “independence.” We are told that the Fed must be independent of political power to carry out its mandates and be effective. In this vein, if the Fed were to succumb to political pressures, then it would continually increase the money supply and suppress interest rates below market determined levels, especially before elections. This they tell us would destabilize the economy and might lead to hyperinflation the way it does under dictatorships where central banks do not have independence. I’m sure the Fed would love to be independent, but they are controlled by powerful office holders who are in turn controlled by the elites. As Ryan McMaken reminds us, “Fed independence is a fairy tale academic economists like to tell their students” and they are biased toward the inflationary mandate.

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Free Speech Freak Out: Censors Panic As Musk About To Purchase Twitter

Posted by M. C. on October 8, 2022

The on-again, off-again Elon Musk purchase of Twitter has occupied the minds on both sides of the free speech debate. Musk calls himself a “free speech absolutist,” sending mainstream media and pro-censorship commentators into a panicked frenzy. What are they afraid of? Also today: Oil production cuts have Biden Administration steaming mad and Berlin complains to Washington about high energy prices.

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Why JEFF BECK is UNCOPYABLE

Posted by M. C. on October 7, 2022

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A ‘Defend the Guard’ Explainer

Posted by M. C. on October 7, 2022

“For decades, the power of war has long been abused by this supreme executive, and unfortunately our men and women in uniform have been sent off into harm’s way over and over. If the U.S. Congress is unwilling to reclaim its constitutional obligation, then the states themselves must act to correct the erosion of constitutional law.”

by Michael Maharrey

https://libertarianinstitute.org/articles/a-defend-the-guard-explainer/

Presidential administrations come and go but the war machine churns relentlessly on. “Defend the Guard” legislation can throw a monkey wrench in its cogs.

Defend the Guard is a state-level bill that would stop the deployment of a state’s National Guard units unless specific constitutional criteria are met.

The legislation would prohibit the deployment of state Guard troops in “active duty combat” unless Congress has passed a declaration of war or taken official action pursuant to Article 1, Section 8, Clause 15 of the United States Constitution to explicitly call forth the National Guard for one of three enumerated purposes.

  • Execute the Laws of the Union
  • Suppress Insurrections
  • Repel Invasions

The legislation specifically defines “active duty combat” as participation in an armed conflict. performance of a hazardous service relating to an armed conflict in a foreign state, or performance of a duty through an instrumentality of war.

Passage of Defend the Guard would also force the federal government to only use the Guard for the three expressly-delegated purposes in the Constitution. And, at other times, the Guard would remain where the Guard belongs, at home, supporting and protecting their home state.

This would make it very difficult for the U.S. to wage unconstitutional wars.

Rep. Pat McGeehan (R-W.Va.) introduced an early version of the Defend the Guard bill in West Virginia in 2016.  He served as an Air Force intelligence officer in Afghanistan. In an article on this legislation, he pointed out the problems wrought by ignoring the Constitution.

“Discarding this constitutional first principle that helped forge the backbone of our own republic has resulted in grave consequences. Thousands of American lives have been lost in unnecessary foreign conflicts, devastating our military families while fatiguing our country’s defenses – all while draining trillions from the pockets of taxpayers.”

Guard troops have played significant roles in all modern overseas conflicts, with well over 650,000 deployed since 2001. Military.com reports that “Guard and Reserve units made up about 45 percent of the total force sent to Iraq and Afghanistan, and received about 18.4 percent of the casualties.”

Since none of these missions were pursuant to a Constitutional declaration of war or any of the three expressly-delegated purposes in the Constitution, the Defend the Guard Act would have prohibited those deployments of Guard troops.

The strategy is based on James Madison’s blueprint in Federalist #46—a refusal to cooperate with officers of the union. The “Father of the Constitution” wrote that one state resisting an unconstitutional federal act would “create obstructions.” And if several states worked together, he said it would create “obstructions which the federal government would hardly be willing to encounter.”

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We Are Not the Government, but America Is No Longer Anything More than the Government

Posted by M. C. on October 7, 2022

https://mises.org/wire/we-are-not-government-america-no-longer-anything-more-government

Connor Mortell

We must, therefore, emphasize that “we” are not the government; the government is not “us.” The government does not in any accurate sense “represent” the majority of the people.

Murray Rothbard wrote this in his popular Anatomy of the State. His point still stands to this day. The state cannot be said to represent “us” in any accurate or serious way. It may be even more true today than ever before. However, what is murkier today is who “us” even is. If “we” are not the government, then who are “we?”

“We” would logically reference what Rothbard described as separate from the state, the nation:

Everyone is necessarily born into a family, a language, and a culture. Every person into one or several overlapping communities, usually including an ethnic group, with specific values, cultures, religious beliefs, and traditions. He is generally born into a “country.”

While this would make sense as who “we” are, I struggle to believe this—in any meaningful way—describes anything that brings “us” as Americans together. Taking Rothbard’s descriptors piece by piece, almost none of them still apply. Everyone is born into a family which includes ethnic groups, but America has long been known as a melting pot with any number of ethnic heritages among its people, so it would be nonsense to say this played a role in bringing together the American nation. Generally speaking, there is a common language across America, however, it is merely the language of our former rulers—the British. If this drew us together as a nation, then we’d be equally drawn to Australia.

As for the “overlapping communities” we have almost no such communities drawing Americans together. Ethnic groups and cultures we’ve already addressed vary widely within America. Specific values have never been less cohesive than they are today. In the state of Texas, the average person likely believes that an abortion is committing murder against a child. In the state of California, the average person believes that an abortion is a sacred right for women.

In the state of New York, it was quite recently believed that going out without a mask was posing imminent harm to vulnerable people. At the same time, in the state of Florida it was almost ridiculous in many places to wear a mask. To pretend these groups have shared values is simply something of the past.

Religious beliefs do not hold as a common thread considering the country was founded in part on the freedom of religion. From that, many traditions diverge among the people. In fact, even the few traditions that are common among the residents of America are extremely varied across regions. While we are born into a specific place and are somewhat geographically together, we’ve expanded far beyond any real sense of vicinity.

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OPEC Humiliates President Biden On A Global Stage

Posted by M. C. on October 7, 2022

We shouldn’t too surprised, the House of Saud financed 9/11, have hated US for decades and US “government” and the lapdog media believes them to be friends.

“It is our true policy to steer clear of permanent alliance with any portion of the foreign world.”

FAREWELL ADDRESS TO THE PEOPLE OF THE UNITED STATES | MONDAY, SEPTEMBER 19, 1796

Tyler Durden's Photo

BY TYLER DURDEN

https://www.zerohedge.com/markets/opec-humiliates-president-biden-global-stage

Submitted by QTR’s Fringe Finance

Today, you get a two-fer. Since my dear friend Kenny Polcari has released new thoughts on the OPEC debacle – and since that was also the topic of my latest podcast, published yesterday, which you can listen to here – I am bringing you both his thoughts and mine, together.

In short, yesterday OPEC humiliated President Biden on a global stage by cutting oil production after he specifically lobbied them not to. There’s no “nice” way of putting it – they straight-up snubbed the U.S. and have now, in my opinion, made it officially clear that they 1) are not our friends, 2) do not care what we want, 3) do not take us seriously and 4) are not here to help us and/or Biden get re-elected by lowering prices.

To use Biden’s parlance, Let me tell you something, Jack – we’re not in bed with the Saudis anymore. They are more allied with China and Russia than they have ever been, at arguably the most crucial moment in recent history for our global economy.”

As I pointed out last night on my podcast, there was nothing quite like the “fist bump heard round the world” a couple months ago when President Biden – who spends his time here domestically fighting for “equality” and human rights – decided to embrace the Saudis, and their track record of disapproving of gay rights, murdering journalists and multiple other human rights violations – instead of simply ramping up domestic oil production here in the U.S.

Biden probably went into the meeting he had with MBS months ago thinking we had some type of leverage, like we have had decades ago. The sad reality is that we simply don’t anymore: the Saudis have the oil, they have gold, and now they have allies just as big and powerful as the U.S. when combined. And those allies provide financial and military support at a crucial juncture for geopolitics.

Meanwhile, our President remains tone deaf and while his supporters remain immune to what can only be described as blatantly obvious double standards.

While the left hand, Biden was vilifying Exxon and Chevron here in the U.S., basically encouraging them to not bring more supply online, whilst blaming “gas station owners” and other people who don’t set the price of refined fuels.

With the right hand, he was fist bumping a man who publicly disapproves of gay rights and ordered the murder of a critical journalist, in order to try and get him to unleash more oil on the global stage.

Analysis: 'Slap in the face': Biden's fist bump with MBS fails to move the  OPEC needle significantly | CNN Business

And instead of him taking us seriously, he did the exact opposite of what Biden wanted yesterday – cut oil production, raising prices – and humiliated Biden on the global stage.

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Shameless Plug (for a friend)

Posted by M. C. on October 6, 2022

I’m “Traveling Light With Dave Devine” on Spotify.

https://open.spotify.com/

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