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Drex Davis Recent Posts- Just amazing the resiliency of the human baby body
- The Edwards Affair
- Mr. T - “I’ve been pitying fools for 28 years”
- as a follow up to the story/part below, don’t miss the part
- somebody has to make a movie out of this
- When guppies eat their young . . .
- Love and Demands
- What is government doing to your money?
- Robotics - playing fetch has never been weirder
- Scathing, Lucid, Brilliant Dismemberment of the Obamessiah by “the Hammer”
The misleading, but effective, meme you’ll be hearing for the next 5 months
In visual form (see the graphic below).
Politics is interesting, if for nothing else than the sinister way politicians imply that (1) some politicians are responsible for all bad in the world and (2) some politicians are responsible for all good in the world and (3) all politicians believe they’re in the second category while their political adversaries are in the first.
Most politicians are incompetent. They’re experts in (a) making outrageous promises that are incompatible with economic law and human nature in exchange for votes, (b) ingratiating themselves with special interests and (c) pressing the flesh at cocktail parties in order to carry out (a) and (b).
Oh yeah, and they’re good at voting themselves pay increases.
The skills you need to get elected are primarily a combination of charisma and the ability to look someone in the eye and tell them a falsehood. The skills to you need to run an organization are integrity and the ability to look someone in the eye and tell them the truth.
As to the graph below, long-tern inflation is a monetary phenomenon. Short-term inflation is a fixed-supply/rising-demand phenomenon that is usually short lived and usually remedies itself.
I have a belief that we’re in a commodity bubble (in the short term, but a rising trend in the long term). The price of crude oil will likely plummet at some point in the next 8 months. By more than half.
Technorati Tags: gas prices, politicans, politics, inflation, monetary policy