An Economic Perspective on Accusing Political Opponents of Racism; The People Who Engineered Record Inflation Want To Control Cryptocurrency
Looting "Will Get Progressively Worse" Amid Hurricane Ian Chaos, Sheriff Warns; OPEC's Counterattack...
An Economic Perspective on Accusing Political Opponents of Racism
“A winning political strategy, especially among Democrats, is to accuse their political opponents of racism, or at least "closet" racism. Yet simple economic analysis shows such accusations are illogical.”
Allegedly, Republicans appeal to racism via “dog whistles” or the “Southern Strategy” and the like, but that brings up the question, “Do Republicans have an economic incentive to appeal to racists?”
“If racism is a “winning” issue, why don’t Republicans win more frequently? Republicans lost in 1992, 1996, 2008, 2012, and 2012, and—as Democrats never fail to mention—they lost the popular vote in 2000 and 2016, essentially winning by flukes that no one could have planned. That’s scarcely a record that justifies the claim that racism wins, so are we accusing the Republicans of racism or stupidity?
In other words, let’s think about this problem like an economist. If you were a political entrepreneur seeking to maximize your votes, why would you appeal to racists? Obviously, the number of people alienated by such appeals exceeds the number of people attracted by such appeals (hence, the losing record detailed above), so why would you persist in following such a losing strategy?”
Open link for complete article
—
The People Who Engineered Record Inflation Want To Control Cryptocurrency
“This is truly rolling on the floor, laugh out loud funny given that these people have no clue...”
[Of course they have no clue. They do not even know the definition of inflation. The think a rise in prices is inflation. Creating currency and credit out of thin air by hitting keys on a keyboard is inflation. - JRD]
—
Looting "Will Get Progressively Worse" Amid Hurricane Ian Chaos, Sheriff Warns
“The challenge that stuck out to me the most was just how fragile society is when electricity and water go,”
Open link for complete article
—
OPEC's Counterattack...
“...the message is clear - the Fed can crash global GDP in their fight against oil, but OPEC wields a much larger stick and will cut production even faster...”