Inflation Helps Warfare-Welfare State

“In the big picture, inflation supports big government. It is a major method of financing governments. With the help of inflation and the inflation tax, government is orders of magnitude larger. Inflation therefore supports the evils of big government. For example, big government quite often chooses armaments and warfare. In this way, inflation helps states to maintain belligerent postures toward one another that lead to waste, frictions, and wars that undermine economic progress. Inflation helps governments to control their peoples or peoples they claim sovereignty over. They often are then enabled to make war on dissident and breakaway movements. Inflation enables governments to finance social programs, many of which undermine the society they purport to support. Inflation benefits some in society at the expense of others. This invariably undermines social cooperation…”

Michael Rozeff, Lew Rockwell

India Declining….

“There are four Indians—Anil Ambani, Lakshmi Mittal, K P Singh and Mukesh Ambani—among the 10 biggest losers of wealth globally—who are the same four Indians ranked among the 10 richest of the world last year.

Globally, 656 billionaires took a hit on their net worth, against only 44 adding to their wealth during the year. The total billionaire wealth has shrunk to $2.4 trillion, from $4.4 trillion last year.

“Out of total 25 richest Indians, only Malvinder and Shivinder Singh saw their net worth rise.

As many as 29 Indians have lost their billionaire status, while the net worth of the remaining ones has more than halved to just over $100 billion.

“Last year’s biggest billionaire gainer is this year’s biggest loser. His (Anil Ambani’s) fortune is down from $32 billion as shares in his Reliance Communications fell by two-third..”

From India Journal.

MindBody: Mirror Neurons And The Notion of Souls

Thanks to Leslie Marsh of Sussex University for a video at his highly-recommended site, manwithoutqualities, for this passage by neuroscientist V. S. Ramachandra, Mirror Neurons and The Brain In the Vat:

“Iaccomo Rizzolati and Vittorio Gallasse discovered mirror neurons. They found that neurons in the ventral premotor area of macaque monkeys will fire anytime a monkey performs a complex action such as reaching for a peanut, pulling a lever, pushing a door, etc. (different neurons fire for different actions). Most of these neurons control motor skill (originally discovered by Vernon Mountcastle in the 60’s), but a subset of them, the Italians found, will fire even when the monkey watches another monkey perform the same action. In essence, the neuron is part of a network that allows you to see the world “from the other persons point of view,” hence the name “mirror neuron.”……….Dissolving the “self vs. other” barrier is the basis of many ethical systems, especially eastern philosophical and mystical traditions. This research implies that mirror neurons can be used to provide rational rather than religious grounds for ethics (although we must be careful not to commit the is/ought fallacy)……

Intriguingly, in 2000, Eric Altschuller, Jamie Pineda and I were able to show (using EEG recordings) that autistic children lack the mirror neuron system…… 

Mirror neurons also deal a deathblow to the “nature vs. nurture ” debate (I like Matt Ridley’s suggested replacement “Nature via Nurture”) for it shows how human nature depends crucially on learnability that is partly facilitated by these very circuits. They are also an effective antidote to sociobiology and pop evolutionary psychology; the assertion that the human brain is a bundle of instincts selected and fine-tuned by natural selection when our ape-like ancestors roamed the savannahs…… But, the notion that human talents and follies are governed mainly by instincts hard-wired by genes is ludicrous.

Thanks to mirror neurons the human brain became specialized for culture, it became the organ of cultural diversity par excellence. It is for this reason (rather than moral reasons or political correctness) that we need to cherish and celebrate cultural diversity. To be culturally diverse is to be human…..

I will conclude with a metaphysical question that cannot be answered by science. I cannot decide whether the question is utterly trivial or profound. I call it the “vantage point” problem foreshadowed by the Upanishads, ancient Indian philosophical texts composed in the second millennium BC, and by Erwin Schrödinger. I am referring to the fundamental asymmetry in the universe between the “subjective” private worldview vs. the objective world of physics………

…… It’s a fair assumption that the identity of your conscious experience (including your “I”) depends on the information content of your brain, “software” representing millions of years of accumulated evolutionary wisdom, your cultural milieu, and your personal memories; not on the particular atoms that currently constitute your brain…… [Lila: atoms that are replaced regularly]

Now imagine speeding up this replacement process so that I destroy your present brain and replace it with a replica/simulacrum with identical information. There would be no reason to believe your conscious experience would not continue in that other brain…..

….The possibility of multiple “minds” in a single brain is not as bizarre as it sounds. It often happens in dreams. I remember having a dream once in which another guy told me a joke and I laughed heartily even though the “other guy” was my mental invention, so I must have already known the joke all along!

The question of whether “you” would continue in multiple parallel brain vats raises issues that come perilously close to the theological notion of souls, but I see no simple way out of the conundrum. Perhaps we need to remain open to the Upanishadic doctrine that the ordinary rules of numerosity and arithmetic, of  “one vs. many”, or indeed of two-valued, binary yes/no logic, simply doesn’t apply to minds — the very notion of a separate “you ” or “I” is an illusion, like the passage of time itself.

We are all merely many reflections in a hall of mirrors of a single cosmic reality (Brahman or “paramatman”). If you find all this too much to swallow just consider the that as you grow older and memories start to fade you may have less in common with, and be less “informationally coupled”, to your own youthful self, the chap you once were, than with someone who is now your close personal friend. This is especially true if you consider the barrier-dissolving nature of mirror neurons. There is certain grandeur in this view of life, this enlarged conception of reality, for it is the closest that we humans can come to taking a sip from the well of immortality….

Will you choose the vat or the real you? This exercise might not provide an obvious answer, but fortunately none in this generation or the next will have to confront this choice. For those in the future who are forced to answer, I hope they make the “right” choice, whatever “right” means….”

NB: Again, apologies for a bit of splicing and reduction of the original passage in the interests of clarity. No meaning is altered by it, and the original is easily compared from the link.

Von Mises On Marxist Dogma

“Marxism gives philosophers before Hegel about the same place which Christianity gives to the prophets, and grants Hegel the same position which Christianity assigns to the Baptist in relation to the Redeemer. Since the appearance of Marx, however, all truth is with the Marxist, and everything else is lies, deception, and capitalist apologetics.

III.21.9

This is a very simple and clear philosophy, and in the hands of Marx’s successors it becomes still simpler and clearer. To them science and Marxian Socialism are identical. Science is the exegesis of the words of Marx and Engels. Proofs are demonstrated by the quotation and interpretation of these words. The protagonists exchange accusations of ignorance of the “Writ.” Thus a real cult of the proletariat arises. Engels says: “Only in the working class does the German theoretic mind persist unstunted. Here it is not to be exterminated. Here no regard is paid to career, profit-making, gracious patronage from above. On the contrary, the more regardlessly and disinterestedly science proceeds the more it finds itself in unison with the workers’ interests and strivings.”*104 According to Tönnies “only the proletariat, i.e. its literary spokesmen and leaders,” suscribe, “on principle, to the unscientific view and all its consequences.”*105

 

III.21.10

To reveal these presumptuous assertions in their proper light we have only to recall the socialist attitude towards all scientific achievements during recent decades. When about a quarter of a century ago, a number of Marxian writers tried to cleanse the party doctrine of its grossest errors, a heresy hunt was instituted to preserve the purity of the system. Revisionism succumbed to Orthodoxy. Within Marxism there is no place for free thought….”

Von Mises in “Socialism: An Economic and Sociological Analysis.”

 Comment:

Von Mises is a little unfair to Marxism here, it sounds to me. But then maybe it was true at the time he was writing. More to think about.

Von Mises On Time

“Time for man is not a homogenous substance of which only length counts. It is not a more or a less in dimension. . . . It is an irreversible flux the fractions of which appear in different perspective according to whether they are nearer to or remoter from the instant of valuation and decision.” – Human Action

Keynes Wanted Laissez Faire But Not Laissez Passer

“Had Keynes (really) spoken of the end of laissez faire et laissez passer, then he could not have failed to see that the world today is sick precisely because, for decades, things have not been regulated by this maxim. He who rejoices that peoples are turning away from liberalism, should not forget that war and revolution, misery and unemployment for the masses, tyranny and dictatorship are not accidental companions, but are necessary results of the antiliberalism that now rules the world.”

 Mises on Keynes

Geithner’s New New Plan

“Geithner’s new plan is meant to attack what is widely viewed as the major failure of the bailout program so far: the inability to rid banks of a mountain of soured loans and troubled mortgage-backed securities.”

More at MSNC

 Comment

“The inability to rid banks of a mountain of soured loans” is a major failure? It’s the whole point of the exercise, so if that isn’t working, the entire business is a diddle.

Cato Thinks Taxation of Bonuses Is Unconstitutional

“The rule of law requires that like people be treated alike and that people know what the law is so that they can plan their lives in accord with the law. In this case, a law is being passed to impose taxes on a particular, politically unpopular group. That is a tyrannical abuse of Congress’s powers. And in addition, it is retroactive legislation, changing the law upon which AIG and its employees had relied. As James Madison wrote in Federalist 62, “It will be of little avail to the people, that the laws are made by men of their own choice, if the laws . . . undergo such incessant changes that no man, who knows what the law is to-day, can guess what it will be to-morrow.”Selective taxation is tyranny. Ex post facto legislation violates the spirit of the liberal order, even if a particular piece of legislation can be “structured” to pass constitutional muster.”

David Boaz at the Cato Institute web-page

On the other hand, Lawrence Tribe, at The Atlantic, who is on President Obama’s legal team, thinks the taxation can be structured  so as to avoid constitutional objections (challenges as a violation of due process and a bill of attainder).

Comment:

Are they serious?

The rule of law requires that like people be treated alike and that people know what the law is so that they can plan their lives in accordance.

This same Congress has just dumped the follies, fraud, and recklessness of the entire financial industry on the laps of the population, regardless of whether they had anything to do with it, hustling the whole thing through with propaganda and distortion at every turn, has destroyed the economy, continues down the same path of redistributing the wealth of the public (present and future) to the very people most responsible for destroying it, with nary a thought for the constitution and now, lo and behold, niceties of law are an insuperable objection.

Fine.  Under law, interpreted constitutionally, one could as well say the entire financial industry turned fraudulent in the past few decades and was acting criminally, so no contracts from the period are valid to begin with, let alone bonuses.

Rather than taxes, call it a penalty or fine.