And yet, aggregates of this sort of data are used to justify and plan a nearly endless array of government programs, plans, and schemes. It’s all done at our expense, and exists to favor certain interest groups. Yes, the citizenship question should be eliminated — along with nearly every other question as well.
Today’s anointed – this loose class of elite media institutions, academics, and progressive politicians – continue to have the hubris to believe it is their role, with their superior vision and ideas, to rescue the victims of society’s “oppression” by imposing their collective will onto others.
Consider Gross Domestic Product, a production of the Bureau of Economic Analysis. It’s this misguided accounting abstraction that has a president whom she despises ranting about so-called “deficits” in trade. But we have these “deficits” precisely because the U.S. is a magnet for both investment and imports.
The “real wellspring” of human progress emanates from “the unique, irreplaceable and unrepeatable . . . reality of the individual acting in relation to his neighbor.”
Socialism is about maximizing power, not maximizing profits. Government doesn’t make profits, has no incentive to show profits, wouldn’t know a profit if it hit it in the head.
Scarcity is not just a matter of how much there is of something (supply) but also considers how much people want something (demand). The higher the price, the greater the scarcity. The lower the price, the lesser the scarcity.
What has to change? The way we write algorithms. More specifically, the demand for purposeful work and meaningful lives must drive the producers of algorithms to new forms and designs – algorithms with different goals and functions than those that are common today.
By writing books, Bernie made a lot more money than any truck driver who delivered his books to stores. He made a lot more than any factory worker who assembled the books. Does Sanders believe he took advantage of these workers?
Here’s more good news. According to the Environmental Protection Agency, “Between 1970 and 2017, the combined emissions of the six common pollutants (PM2.5 and PM10, SO2, NOx, VOCs, CO and Pb) dropped by 73%.”
Stated simply, gold-standard proponents seek a dollar that is widely trusted as a constant measure of value. Nothing more. Nothing less. Unknown is why a desire to revive money with stability top of mind has so many so up in arms.
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