SOME MORE ECONOMICS

Debt relief is largely bank relief: "Make no mistake. This not a bailout of Africa's poor or Latin American peasants. This is a bailout of the IMF, the World Bank and the African Development Bank. They will get the money to replace their lost loans. As in a Monopoly game where the rules are thrown out, they will be handed new money to play with. Bush and Blair are bailing out failed global institutions run by the highest-paid bureaucrats on earth."

The 250th anniversary of the discovery of economics: "There are those who have claimed Ludwig von Mises to be the greatest economist of the 20th century, particularly the first half of the century. Others have claimed that Murray Rothbard is the greatest economist or social scientist of the second half of the 20th century. I agree with both of these claims. These men were great in many different respects. However, the title of the best economist in history, I would give to Richard Cantillon.... But first, who was Richard Cantillon? Cantillon was a man of mystery. His biographer Antoin Murphy can only date his birth sometime between 1680 and 1690. He was born into an Irish Catholic family that had been dispossessed of its lands by Cromwell's forces. Ironically, his first job was as a clerk for the British Paymaster General during the War of Spanish Succession (1701-13).... Rothbard loves Cantillon stating that he "was the first theorist to demarcate an independent area of investigation -- economics -- and to write a general treatise on all its aspects."

Poverty that defies aid : "Tony Blair arrived recently in Washington to ask President George Bush to increase substantially U.S. aid to Africa. His visit came a few months after Columbia University Professor Jeffrey Sachs unveiled his own plan to end extreme poverty around the world by 2025. 'In The End of Poverty,' Mr. Sachs argues rich countries should commit themselves to transferring some $1.5 trillion over the next decade to the poorest nations -- primarily in Africa. But, in truth, foreign aid is unlikely to succeed, because most of Africa's problems are internal."

This could be a description of government buses almost anywhere: "Metrobus, which carries 500,000 passengers a day across the region, is a dilapidated system that suffers from weak supervision, old equipment and buses that travel in bunches, wrecking schedules and service, a panel of bus experts told Metro directors yesterday.... Some mechanical breakdowns could be avoided if drivers properly inspected the buses before they begin their routes, as required by federal law, Scanlon said. "It will help you before you get a piece of equipment out on the road that then becomes a road call," he told Metro officials. "Your own audits and our observations show your operators are not doing it." Metro managers said they have begun to require operators to perform the inspections and about 70 percent are complying. The panel also found that bus service could run more smoothly with better supervision. Metrobus routes are plagued by "bunching," in which several buses on a route travel in a pack, Scanlon said. Bunching often occurs if traffic or some other problem causes the first bus to slow down and the following buses to catch up"

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ELSEWHERE

There is a new article out in the American Political Science Review by John R. Alford, Carolyn L. Funk, and John R. Hibbing under the heading "Are Political Orientations Genetically Transmitted?". The article is not online but there is a summary of it in the NYT. Excerpt: "As found in previous studies, attitudes about issues like school prayer, property taxes and the draft were among the most influenced by inheritance, the researchers found. Others like modern art and divorce were less so. And in the twins' overall score, derived from 28 questions, genes accounted for 53 percent of the differences.... Although the two broad genetic types, more conservative and more progressive, may find some common ground on specific issues, they represent fundamental differences that go deeper than many people assume, the new research suggests." The finding is of course old hat among geneticists. I have summarized some of the previous evidence here

Amazing: "By yesterday morning, Mr Blair had become the toast of Europe. The British may have become cynical about his Honest Tony oratory and big-tent politics, but on the unsuspecting mainland, they still worked their magic. Just as Mr Blair is most enfeebled at home, across the EU he is being hailed as the natural leader of the continent: the only man who can save Europe from itself.... Most worryingly for President Chirac and Herr Schr�der is that their own countries� newspapers fell under Mr Blair�s spell".

That those great seekers of acclaim -- Leftists -- should have infiltrated and taken over organizations with real claims to righteousness -- such as Amnesty and many of the churches -- should be no surprise. But by their inherent lack of concern for truth and balance, the Leftists concerned soon destroy the credibility of what they have taken over. The one-eyed condemnation of Israel by the United Methodist Church that I mentioned yesterday and the equating of Gitmo with the Soviet Gulag by the most senior representatives of Amnesty are recent examples. If anybody needs a refresher course in just how divorced from reality the Gitmo=Gulag accusation is, see here

Another loon: "Yes, my friends, it is now obvious to me how Adolph Hitler seized power in Germany, because the same principles that Hitler used in the 1930's are being used by America's leaders today."

GWB the inspirer: "A reader living in Moscow," writes National Review's Jay Nordlinger, "sent me a photo from a rally in Azerbaijan, which showed a youth holding up a poster of President Bush with the words, 'We Want Freedom.' The reader commented, 'It's good to remember whom people turn to when they're desperate -- and it ain't Kofi Annan."' Indeed. It is fashionable in some circles to invoke the United Nations as the touchstone of moral authority, but realists know better. They look to the United States, not the UN, as the great moral engine in world affairs. Like the Lebanese who waved a US flag during the demonstrations in Beirut earlier this year, like the "Goddess of Liberty" in Tiananmen Square in 1989, the young Azerbaijani with his poster is a reminder that America and its message of freedom and individual dignity have an almost limitless capacity to inspire those who are denied them".

Good to see that Taranto is having a go at the puffed-up and hysterical Andrew Sullivan. Lots of little-known bloggers such as myself have long pointed to Sullivan's dubious standards (my earliest comment on him was here) but Sullivan routinely ignores such challenges. He could not ignore someone as widely read as Taranto, however.

For more postings, see EDUCATION WATCH, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE and LEFTISTS AS ELITISTS. Mirror sites here, here, here, here and here. And on Social Security see Dick McDonald

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That power only, not principles, is what matters to Leftist movers and shakers is perfectly shown by the 2004 Kerry campaign. They put up a man whose policies seemed to be 99% the same as George Bush's even though the Left have previously disagreed violently with those policies. "Whatever it takes" is their rule.

Leftist ideologues are phonies. For most of them all that they want is to sound good. They don't care about doing good. That's why they do so much harm. They don't really care what the results of their policies are as long as they are seen as having good intentions and can con "the masses" into giving them power.

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist"

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