Archive for March, 2025

29
Mar

Since When Is Anarchy the Opposite of Capitalism?

Just scanning the headlines at Independent UK and came across this one:

We predict a riot: Meet the anarchists plotting to overthrow capitalism

As the world’s grandees jet into London for the G20 summit, they’ll be confronted by a mob of incensed anti-capitalists intent on revolution. But since anarchists live by chaos, will they be organised enough to change the world?

Hmmm, according to Merriam-Webster, the definition of anarchy is “absence of government.” Since capitalism is simply free trade amongst willing entities without government interference, I’d say that the true anti-capitalists are the G20 leaders themselves and the true anti-anarchists are the self-styled anarchists themselves (maybe they like it just for the fashion statement).

To get a true idea of anarchy and capitalism really mean, one should take Economics 101 (the Rothbard version, not the government school version.

CD3165

19
Mar

Sufjan Stevens Is Saving The World From Bad Christian Music

800px-sufjan_stevens_playing_banjo_edit2

I was at Incarnation Church the other day, a growing Catholic congregation in Mantua NJ, and I noticed a few things that are different, and very welcome from most other churches I have attended over the past 40-odd years.

One, rather than the typical older female parishioner behind a Hammond or Wurlitzer banging out traditional arrangements of traditional (((yawn))) hymns in the American vernacular, as I and my family made our way to the cry room, a gaggle of teenagers very politely brushed past me dollying a drum kit, amplifiers, guitars, bass, etc., gear I tend to associate more with southern baptist, AME, and Pentecostal churches than the Church of Rome.

Second, when they began playing the processional, one could not fail to notice that the band and choir were creating a most excellent racket. It blew away entirely all of the bad, folk-based guitar music that I had so often heard at church in the past, and found at best tolerable, and at worst, cringeworthy.

Third, the music, whoever arranged it, drew from such diverse sources as alt-country / Americana, 70’s stage-band music, and the best parts of the music from “Godspell“. Put together, the playing and singing really clicked. It was earnest, artistic, and yet reverent and profoundly spiritual and uplifting.

And I wouldn’t have had any other frame of reference for this, except that during the previous week, I had been absolutely knocked out by a song that I heard on SIRIUS XMU, “Sold! To The Nice Rich Man” by The Welcome Wagon.

The band, comprised principally of the Reverend Vito Aiuto and his wife Monique, with a generous amount of playing and arranging contributed by Asthmatic Kitty Records labelmate Sufjan Stevens, makes music that is faithful without being corny or pious, presses all the right buttons, and kicks righteous ass.

Hearing the new direction that the liturgical music at my new church was taking, I immediately discerned that Stevens, the Aiutos, and doubtless others are having a dramatically positive artistic effect on church music, at least in my parish, and “Christian” music in general. This can only be a good thing.

Anyone who has attended an evangelical college, or has had a friend try to get you to listen to an “awesome” Christian pop record, or has sat through enough commercials for Christian rock compilation CDs on TV knows how much of explicitly Christian pop music is self-consciously pious, metaphorically mixed, liturgically bowdlerized, blunt, and / or just plain artless.

Stevens, a devout Christian, explores spiritual and scriptural themes in his music, but deliberately avoids explicit proselytizing in his songs. “I don’t think music media is the real forum for theological discussions,” he has said, indicating an awareness of the artistic pitfalls that snare so many Christian musicians.

And it works. His big, full compositions, copious instrumentation, full and interesting arrangements are joyful and uplifting, while his quiet, acoustic songs are often painfully beautiful, even occasionally disturbing (”Casimir Pulaski Day” is a heartbreaking song of personal tragedy, “John Wayne Gacy” from “Illinoise” is the farthest thing from a religious song, and unbelievably disturbing, entirely because of its beauty). As a result, his music is a strong presence on “alternative”, college, and “indie”-oriented radio stations like SIRIUS XMU, and has largely escaped restrictive categorization. Hallelujah!

And because the music has so much musical integrity, it works the other way too. The Aiutos take James Montgomery’s paraphrase of Psalm 72, a common theme for religious music for centuries, and with an original melody craft it into the transcendent  “Hail To The Lord’s Anointed” , a fiercely incandescent hymn. It’s simply stunning.

It has been a long, slow artistic descent from Michaelangelo’s Sistine ceiling and Handel’s “Messiah” to engineered steel warehouse churches and Stryper.

One can only hope Stevens, the Aiutos and friends are turning that around, if not for us, then for future generations.

(photo from wikipedia)

17
Mar

This Says a Lot

Just reading the current Forbes and saw this quote from Billionaires List resident, David Geffen.

david-geffen

"There’s something seriously wrong when it isn’t extremely difficult to make a great deal of money. There were billionaires who could not qualify for The Forbes 400. That was one of many warning signs for me to get out."

Not saying David doesn’t know anything about economics but you don’t have to be an Austrian to recognize a pattern like that.

16
Mar

The Fed’s Own Numbers Don’t Lie

If That Were All He Did

If That Were All He Did

I’m doing two presentations in Florida this week dealing with problems surrounding the use of, AHEM,  IMPORTED gypsum wallboard in housing in Florida (and possibly other areas that had overheated housing markets), particularly since Hurricane Katrina. For some background on the problem, I looked at housing start data for the US reported by the St. Louis Federal Reserve;

Now I come to such issues as the economy and Fed policy with a little bit of bias, so my selection of reference points when analyzing this data will seem to be quite transparently arbitrary, but it nonetheless points to a very hot, smoking gun.  The following analysis clearly shows the effects of Bush Admin economic policies as expressed by his “go out and shop” remarks, particularly with regard to housing, after 9/11 (numbers are in thousands);

Average Monthly Housing Starts, US, January 1959 - September 2001 = 1512

Average Monthly Housing Starts, US, October 2001 - December 2006 = 1874

It’s a pretty big increase, especially considering that except for recessions, the numbers before 2001 are essentially flat, in other words, throughout 43 years of “normal” economic growth, the rate of construction of new houses didn’t rise or fall much outside of recessions, whereas the rate accelerated noticeably after 2001.

Now of course, comes the correction;

Average Monthly Housing Starts, US, January 2007 - January 2025 = 1096

Bush (through Fed monetary intervention) essentially pushed housing way above its long-term equilibrium, from which it had nowhere to go but down  (the numbers for just 2008 are considerably worse, an average of 870K housing starts, the worst numbers since February of 1982.) In fact, the housing starts for January 2025 - 466,000 -  are the worst since the St. Louis fed began tracking these numbers!

There are only three things that can happen when the pushing can no longer be sustained;

1) inflation, specifically accelerating,  broad-based economic inflation, caused by excess money in the housing market spilling into the economy and driving up prices;

2) a bust, followed by a contraction, or;

3) a bust, followed by an inflationary contraction.

I know this is a rather unsophisticated analysis, but doesn’t it cast a little doubt on the wisdom of Bush’s admonition to go out and spend the country back into economic health?

(photo scarfed from BAGnewsNotes)

11
Mar

Not that I think I should …

… but if I could, I’d limit the federal government to this. At very least it would serve as a diversion for overly-ambitious legislators.

800px-Eq_it-na_pizza-margherita_sep2005_sml

Italians over the centuries have pioneered laws to control the origins and protect the "particular reputation and worth" of foods under what is known as "denominazione di origine controllata". Food which passes the review board and adheres to the rules is given the initials D.O.C.
DOC pizza is governed by a Neopolitan member of The Association of Pizzaioli Europei called the Association of Vera Pizza Napoletana or "The Association of True Neopolitan Pizza". Their ten rules for pizza are as follows:
1) Pizza dough must be made with flour, water, yeast and salt only. No additives such as oil, fat, sugar or milk are allowed.
2) Pizza must be no greater than 30 cm. (12 inches)
3) Dough should not be heated by the mixing process. (slow electrical mixers or hand mixing only)
4) Dough must be hand stretched, no rollers or presses.
5) The oven must be made of refractory material such as brick or castable refractory and fired with wood.
6) The pizza must be cooked on the floor of the oven. (no pans)
7) Pizza must be cooked at 400 deg. C. or higher. (750 deg. F)
8) Pizza should be well done, fragrant, with the cornicione (border) high and soft. Pizza should not be crusty.
9) Four styles are well defined:
Marinara: tomato, oregano, olive oil, salt
Margherita: tomato, mozzarella, olive oil, garlic, basil, salt
Al Formaggio: parmesean, lard, garlic, basil, salt
Calzone: ricotta, salami, olive oil, salt
10) Variations on the four styles are allowed as long as they are in good taste and do not violate other culinary rules or regulations.

http://woodfiredpizza.org/recipes/vpn/vpn.html

06
Mar

Why Fast Comany Should Hang It Up

Just read their article on The World’s Most Innovative Companies and coffee came out of my nose when I read this.

cov133

If the nation’s objective is to see more power companies behave as innovatively as NextEra does, the solution is clear: Introduce real competition across the country, create strong portfolio standards, and allow better price signals into the market through a carbon tax or a 100% auction-based cap-and-trade system for greenhouse gases. [emphasis mine]

Wha?! For a “business” magazine that is naive enough to list GE as a top 10 innovator for it’s phony green initiatives and hostile enough toward capitalism to cheerlead for “Ethonomics,” I guess ignorance is bliss.

05
Mar

Obama vs Galvani: Neither Could Zap a dead Frog Back to Life

I can’t help but see Luigi Galvani’s experiments with electricity as an analog of Obama’s propping up of zombie insurance companies, banks and auto makers.

Galvani-frog-legs

In 1783, according to popular version of the story, Galvani dissected a frog at a table where he had been conducting experiments with static electricity. Galvani’s assistant touched an exposed sciatic nerve of the frog with a metal scalpel, which had picked up a charge. At that moment, they saw sparks and the dead frog’s leg kick as if in life. The observation made Galvani the first investigator to appreciate the relationship between electricity and animation — or life.

By the way, in case you don’t know how the story ends, the frog is still dead. But if this the above illustration is accurate, it probably didn’t cost Galvani a trillion dollars to prove it.