New PayPal Policy Lets Company Pull $2,500 From Users’ Accounts If They Promote ‘Misinformation’ https://www.dailywire.com/news/new-paypal-policy-lets-company-pull-2500-from-users-accounts-if-they-promote-misinformation
Archive for the ‘Uncategorized’ Category
Dailywire Article-PayPal
Posted by M. C. on October 10, 2022
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What Voters Need to Know About Government Supremacy
Posted by M. C. on October 10, 2022
David Hume referred to “the three fundamental laws of nature, that of the stability of possession, of its transference by consent, and of the performance of promises,” noting,
It is on the strict observance of those three laws, that the peace and security of human society entirely depend; nor is there any possibility of establishing a good correspondence among men, where these are neglected. Society is absolutely necessary for the well-being of men; and these are as necessary to the support of society.
https://libertarianinstitute.org/articles/supremacy-of-government/

[Source for above image)
Libertarians make a self-defeating mistake in assuming that their fundamental principles differ radically from most other people’s principles. Think how much easier it would be to bring others to the libertarian position if we realized that they already agree with us in substantial ways.
What am I talking about? It’s quite simple. Libertarians believe that the initiation of force is wrong. So do the overwhelming majority of nonlibertarians. They, too, think it is wrong to commit offenses against person and property. I don’t believe they abstain merely because they fear the personal consequences (retaliation, prosecution, fines, jail, lack of economic growth). They abstain because they sense deep down that it is wrong, unjust, improper. In other words, even if they never articulate it, they believe that other persons are ends in themselves and not merely means to other people’s ends. They believe in the dignity of persons. As a result, they perceive and respect the moral space around others. (That doesn’t mean they are consistent, but when they are not, at least they feel compelled to rationalize.)
That’s the starting point of the libertarian philosophy, at least as I see it. I am not a calculating consequentialist, or utilitarian, but neither am I a rule-worshiping deontologist. Rather, I am most comfortable with the Greek approach to morality, eudaimonism, which, as Roderick Long writes, “means that virtues like prudence and benevolence play a role in determining the content of justice, but also — via a process of mutual adjustment — that justice plays a role in determining the content of virtues like prudence and benevolence.” In this view, justice, or respect for rights, like the other virtues, is a constitutive, or internal, means (rather than an instrumental means) to the ultimate end of all action, flourishing, or the good life.
Libertarians differ from others in that they apply the same moral standard to all people’s conduct. Others have a double standard, the live-and-let-live standard for “private” individuals and another, conflicting one for government personnel. All we have to do is get people to see this and all will be well.
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The right kind of ugly
Posted by M. C. on October 8, 2022
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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
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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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
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.”
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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