Category Archives: Business

Hamburger for the Price of Steak! By Eric Peters

The huge price differentials between high end and more economical cars is not at all justified by the difference in quality. From Eric Peters at ericpetersautos.com:

The luxury car no longer exists – except as a badge and a price. And a memory. There being increasingly little, if any, meaningful difference between luxury-badged (and priced) vehicles and those that aren’t.

What is the difference, for instance, between a loaded Toyota Camry and a Lexus ES350? Or a VW Atlas and an Audi Q5? It is nothing like the difference between A Chevy Chevette and a Cadillac Sedan de Ville. That latter comparison is helpful in understanding the differences that no longer exist.

The Chevette was an economy car made by GM’s Chevrolet division made for about ten years, between 1976 and 1987. It was a car almost as basic a Model T Ford, except that it was available in more than just one color. That’s a stretch – but not much. A Chevette did not come standard with air conditioning or even a radio. The latter two were available as options, but most of the equipment that is today taken for granted – that is standard – in literally every new car, irrespective of price, such as climate control AC, power windows and locks, intermittent wipers, a stereo, electric rear defroster, cruise control and full instrumentation – was either optional or unavailable.

You could not buy a Chevette with power-adjustable leather seats and so on because why would you? If you wanted such luxury features, you were willing to pay extra for them. The whole point of a car like the Chevette was to avoid paying for such things.

And things such as heated seats, LED headlights and interior mood lighting weren’t available in Cadillacs when Chevettes were available. Today, such things are standard in Sedan deVille equivalents – and they are usually available (often standard) in today’s Chevette-equivalents.

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A Look Back at When They Fought Back, by Eric Peters

Once upon a time, corporations weren’t so supine before the government. From Eric Peters at ericpetersautos.com:

There was a time when the car companies pushed back against government regulations, because in those days, the car companies were still reflexively in the habit of thinking of the preferences of their customers – rather than “compliance” – first.

This was before the car companies got Too Big To Fail – and wound up becoming, for all intents and purposes, adjuncts of the government so enmeshed with it that pushing back against it has become as unthinkable as CNN’s “reporters” asking impertinent questions about Pfizer, which “sponsors” its own favorable coverage.

It was different, once.

It is worth remembering – before everyone forgets.

One such memory is of pushback by the car companies against the governmental decree that all new cars have speedometers that registered no higher than 85 MPH – the government’s idea being that if speedometers didn’t register any higher, people would not drive any faster. At the time, the National Maximum Speed Limit – as it was styled – limited how fast anyone could legally drive to just 55 miles-per-hour. Thus, 85 MPH became what  55 MPH probably felt like to people who were driving Model Ts back in the 1920s.

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The Sovietization of Medical Care, by Jeffrey A. Tucker 

Socialized medicine is not within field-goal range of what its purported to do. From Jeffrey A. Tucker at brownstone.org:

Soviet health care

My good friend professor Yuri Maltsev died this week and I’ve spent these mourning days recalling our conversations. He was a leading economist in the old Soviet Union, as the top advisor to Mikhail Gorbachev’s chief economist. He defected in 1989 before the Soviet Union fell apart. We became fast friends just after he landed in DC, and we spent a year or more together collaborating on many projects. 

He was a font of amazing stories about how things really worked in the Soviet Union. Contrary to what US economists were claiming until the very end, it was not a rich country with mighty industrial achievements. It was a poor country where nothing worked. There were no replacement parts for most machines including tractors. He doubted that there would ever be a nuclear exchange simply because most Soviet workers knew that the bombs were all for show. If they ever dared press the button, they would most likely blow themselves up. 

As the systems of command and control in those states fell apart (Russia, East Germany, Romania, Poland, Czechia, and so on), Yuri was in a position to advise the reforms. To his sadness and contrary to his advice, even though the parties and leaderships collapsed, there was almost no attempt to reform the health-care sectors of these countries. They left them all in place while focusing on things like heavy industry and technology sectors (and here banditry took over). 

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Oh lightning, I command thee to smite my foe! By James Howard Kunstler

Russia is going to win in Ukraine, but it must do so in a way that doesn’t provoke the U.S. into doing something stupid, like a nuclear strike. From James Howard Kunstler at kunstler.com:

“When we see a completely insane public policy which has become a universal dogma — such as liberal internationalism in postwar US foreign policy — we are usually looking at the rotten, ossified ghost of a strategy which in its youth was sane and effective.” — Curtis Yarvin, The Gray Mirror

     After Commander-in-Chief (ahem) “Joe Biden” demonstrated our ability to shoot down a Chinese spy balloon leisurely wandering the jet stream clear across North America, he loosed the Air Force on every other menacing aerial object hovering in our sovereign skies and… Ira Tonitrus… mission accomplished! It took the President another week to admit sheepishly that the three other targets were “most likely balloons tied to private companies, recreation or research institutions,” not alien invaders from another galaxy, as regime spoxes hinted and the news media played-up for days. Note to America’s hot air ballooning community for the upcoming spring launch season: be very afraid!

     If Russia was impressed by the successful balloon op, it didn’t offer any comment. Russia was busy neutralizing America’s pet proxy palooka, sad-sack Ukraine, sent into the ring to soften-up Russia for a revolution aimed at overthrowing the wicked Vlad Putin — at least according to our real Secretary of State (and Ukraine war show-runner), Victoria Nuland, in remarks this week to the Carnegie Endowment, a DC think tank.

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Race of Logistics: NATO’s Military-Industrial Crisis, by Andrew Korybko

Ukraine is going through weapons and ammo faster than the West can replenish its supplies. From Andrew Korybko at theautomaticearth.com:

Speculation has been swirling over the past month about why the US-led West’s Golden Billion so decisively shifted its “official narrative” about the Ukrainian Conflict from prematurely celebrating Kiev’s supposedly “inevitable” victory to seriously warning about its potential loss in this proxy war. This took the form of related remarks from the Polish Prime Minister, President, and Army Chief as well as the US’ Chairman of the Joint Chiefs of Staff, after which the New York Times admitted that the sanctions failed.

The reason why they decided to so decisively shift the “official narrative” was because NATO’s military-industrial crisis, which the New York Times warned about last November and was then touched upon by Biden’s Naval Secretary last month, finally became undeniable. Putting all prior speculation about this to rest, NATO’s Secretary-General declared a so-called “race of logistics” against Russia on Monday precisely on this pretext and thus confirmed the bloc’s crippling military-industrial crisis.

According to the transcript of Jens Stoltenberg’s pre-ministerial press conference that was shared by NATO’s official website ahead of his meeting with this anti-Russian alliance’s Defense Ministers, he said the following of relevance to this subject:

“It is clear that we are in a race of logistics. Key capabilities like ammunition, fuel, and spare parts must reach Ukraine before Russia can seize the initiative on the battlefield.

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11 Things That 0% Interest Rates Caused, by Jack Raines

Zero percent interest rates were the life of the party, but as we are finding out now, the hangovers are a bitch. From Jack Raines at youngmoney.co:

In season 9 episode 23 of The Office, Andy Bernard graced us with one of television’s most memorable quotes: “I wish there was a way to know you’re in the good old days before you’ve actually left them.”

Isn’t that the truth?

We experienced a decade of quantitative easing and declining interest rates that culminated with an unprecedented multi-trillion-dollar infusion of capital in 2020. But three years later, the party had to end.

The Fed is raising rates, money isn’t free anymore, and companies have to once again rediscover the lost art of “turning a profit.” Outrageous stuff, isn’t it?

However, we shouldn’t cry because quantitative easing is over, we should smile because it happened 🙂 In remembrance of the last decade, I would like to highlight 11 things that were only possible thanks to 0% interest rates.

Enjoy!

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Money versus Monetary Policy, by Jeff Deist

Money doesn’t need a policy, and the monetary system doesn’t need to be run by a government or its central bank. From Jeff Deist a mises.org:

With all due respect to Niall Ferguson, whom I’ve heard of, and Huw van Steenis, whom I’ve not, this tweet is quite preposterous.  I’ve personally met more than five people who understand money just in my own circles.

ferguson.jpg

What they mean is “monetary policy,” which is in fact very difficult to understand—given it effectively operates as a political program within the muddled field of macroeconomics. Monetary policy, unlike money per se, is ad hoc, highly technical, reliant on vast amounts of data, and dictated by political expediency.

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Do Techno Posers Have the Skills to Pay the Bills? By MN Gordon

Do former Twitter censors who’ve been fired have any useful and remunerative skills in the real world? From MN Gordon at economicprism.com:

Sometimes things must get worse before they get better.  To completely remodel a kitchen, for instance, you must first demo and gut the old one.  These initial steps backward can be demoralizing.

But there’s no way around it.  And with perseverance and an ample budget, the ultimate result is usually a big improvement.

Similarly, remodeling a tired company requires making short term sacrifices for long term gains.  The initial efforts can produce ugliness.  And with the lives and livelihoods of employees on the line, the decisions can be emotional.  Yet sometimes it must be done.

Meta CEO Mark Zuckerberg recently told investors that 2023 will be the “year of efficiency.”  If you recall, the company RIFed 11,000 workers in November 2022.  The scuttlebutt is that more layoffs are coming.

Currently, the prospect of imminent layoffs is triggering uncertainty about what projects will go forward, what will be cancelled, and who will be working on them.  This has created an interim situation where some Meta employees are getting paid to do zero work.  Strangely, for Meta to become more efficient, it must first be less efficient.

Still, Zuckerberg is clear on his objective.  In Meta’s fourth-quarter earnings call on February 1, the CEO noted:

“We’re working on flattening our org structure and removing some layers of middle management to make decisions faster, as well as deploying AI tools to help our engineers be more productive.”

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train crashes and base rate fallacies, by el gato malo

Train derailments happen all the time and their generally not news. From el gato malo at boriquagato.substack.com:

“oh my gawd, another train crash!”

“it this some kind of sabotage?”

this seems to be quite the furor on social media right now as the newshound junior reporting team is suddenly amplifying every ill outcome.

but let’s catch our breath for a moment.

Image

the US has about 1000 train derailments a year. that’s roughly 3 per day.

so is the rate actually up, or are we just having another “summer of the shark/food factory fire” media moment where an event that is actually no more common than usual suddenly seems so because it’s being breathlessly reported at high frequency all of a sudden?

the internet (and humans in general) seem to really struggle with the idea of “base rate” likely because you can make nearly anything look like some crazy clustering or wild trend by just starting to report on it all the time.

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Fourth Toxic Train Derailment: All Rail “Accidents” Are In Battleground Election States, by 2nd Smartest Guy in the World

Is this part of a step-by-step plan to institute the goals of the globalists’ one world government? From the 2nd Smartest Guy in the World at 2ndsmartestguyintheworld.substack.com:

At this stage in the globalist sabotage game there really are no coincidences.

Laura Loomer @LauraLoomer

JUST IN: Another train has DERAILED in #Michigan that was carrying hazardous materials. What is going on? This seems like a coordinated attack on our railway system across the country. I’ve noticed it’s in key battleground election states too. Ohio, Arizona, Michigan,… https://t.co/x9s5J0vE1U5:01 PM ∙ Feb 16, 20238,721Likes3,088Retweets

The account that tweeted the following has already been suspended:

Large swaths of productive farmland may have been poisoned with the Ohio environmental disaster.

This substack has written extensively on the hundreds of food processing plants that have been destroyed over just the last 18 months.

The various psyops, false flags and increasing acts of sabotage in play since the “pandemic” are looking more and more like accelerants to the UN’s Agenda 21 and Agenda 2030 endgame.

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