Recent comments by Oji

Suburbia would not exist without cars.

Suburbs predate cars, but they clustered near the streetcar tracks. Cars changed the geography by altering friction of distance.

And let's not forget the massive subsidies for cars, which continue today (roads, policing, signage, lighting, pollution externalities, etc..).

Pretty sure David Bowie has a universal Rules Don't Apply To Me card in his wallet.

That would make sense, considering his origins.

The Man Who Fell to Earth 1976 Trailer - YouTube

The ultimate illegal alien.

I'm still holding out for David Bowie.

As the U.S. doesn't allow for royal titles, The Thin White Duke would have to abdicate his position.

Jeb could just be a place holder until Chelsea is ready to run.

Set the controls for the heart of The Sun and punch it! Let's show those toffee-nosed Brits how a Real Empire ends!

Run, Jeb, run!

The Bushes Just Won’t Go Away | The American Conservative

"...nothing conveys a message of staleness and intellectual bankruptcy like yet another Bush dynasty revival. Certainly there would be no better way to announce that the GOP remains in thrall to the Bush era than to choose another Bush as standard-bearer. The problem with this isn’t just that it would reward dynasticism, but that it would be rewarding an especially incompetent dynasty."

For anyone interested in what contraction + an aging society look like.

Spike Japan | A look at the overlooked 

He stopped posting in August, but plenty of fine reading in the archives. Comments tend towards quality as well.

I'm not sure on how one can be anything without doing

I've always taken it to mean that one can do (something) without necessarily being/becoming, i.e, some activities provide no personal direction, nor spiritual sustenance.

Eugene Debs

Since Duke's not here, I'll do it....another Hoosier!

Whose memory is alive and well, btw, just biding its time until the call comes.

Mark Ruffalo reads a Debs speech.

» Eugene Debs: “Canton, Ohio” Zinn Education Project


American Machiavelli | The American Conservative

"Just as Machiavelli does not entrust liberty to any one class—nobles, king, or people—Mosca does not believe freedom depends on any particular political formula. Such doctrines are myths, even if some historically correspond only to the most repressive regimes. The reality is that liberty comes from specific conditions, not abstract formulas—conditions that permit open competition among what Mosca calls “social forces.” Burnham explains: “By ‘social force’ Mosca means any human activity which has significant social and political influence,” including “war, religion, land, labor, money, education, technological skill,” all of which are represented by different factions and institutions in society."

Some interesting discussion in the comments too.

H/t NC

I guess nobody wants a bowl of mapo dofu?

Had some yesterday, thanks. Went with some Thai chili sauce this time. Not bad. At least it didn't have tons of oil, you know, like the way some people make it.....

The geography of baseball fandom.

- NY Times

When the Fed was created it did not have the power to buy Mortgage-backed securities on the full faith and credit of the US. And the original Banks of the US could not either.

Why do you hate innovation so much, Yogi?

YouTube - 1975 World Series Game 6 Carlton Fisk Walk Off

How'd Game 7 go?


Put this in it and thank me later.

Huy Fong Foods Inc., Sriracha, Hot Chili Sauce, 17 oz (482 g) -

(edit: tabasco will work in a pinch)

Still looking for what Big Al said, may not find it .... Crying

I think it was something like, "Suckers!"

The Founding Scam » CounterPunch: Tells the Facts, Names the Names

(sorry, in a hurry, or I'd pin down a more authoritative source, but this gives the general outline of the scam.)

Gotta run. Been fun.

John Oliver Reveals Donkeys Get In U.S. Before Translators, And Now We All Feel Like Jackasses

Being an empire means not having to say 'I'm sorry.'

At least until the bill arrives.

Another one of Hamilton's concerns about the Poors, playing out in the streets of Hong Kong this time.

Hong Kong has too many poor people to allow direct elections, leader says – Quartz

Ungrateful Poors, always wanting "rights" 'n' shit.

It's almost as if wealth is tied to political power, somehow. Anyone got any theories on that?

the damn poor always piss away their incomes and they fail to save and invest

Damn Poors, always buying stuff like food, shelter, clothing...never thinking of saving or investing all that surplus.

Gee, what would Adam Smith say about profit-taking in education....

He would say whatever the High Priests of "Free(!) Market" Economics claim he would say, since they are His official mouthpieces here on Earth.

edit: official = self-appointed

Even the textbook Econ I was given in the 70's, which called labor and capital alternate "inputs" to production

Labor: just another "input". I'll have to remember that.

And I'll add it to what Krugman said last week about energy being 'just another input.'

This economic "science" is fascinating!

Who built the seven towers of Thebes?
The books are filled with the names of kings.
Was it kings who hauled the craggy blocks of stone?
In the evening when the Chinese wall was finished
Where did the masons go?

- Bertolt Brecht

Or, as Mike Lefevre once asked, 'Who Built the Pyramids?'

Capital is only the fruit of labor, and could never have existed if labor had not first existed.

Then there's this guy.

"The annual1 labour of every nation is the fund which originally supplies it with all the necessaries and conveniencies of life2 which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations. "

Smith: Wealth of Nations, Book I, Chapters 1-4 | Library of Economics and Liberty

And this

"Labour was the first price, the original purchase-money that was paid for all things. It was not by gold or by silver, but by labour, that all the wealth of the world was originally purchased;"

Smith: Wealth of Nations, Book I, Chapters 5-7 | Library of Economics and Liberty

the one element I entirely buy is the inflate-or-die mentality.

Plenty of empirical evidence for it--the mentality-- IMO. We'll see how long it can be maintained this time around.

It amazes me that people don't ever figure out how thousands of square miles gets laser flat in the first place.

I just assumed it was cheap Chinese labor.

YouTube - China Builds Airfields For B-29 Bombers (1944)

(2:20 gives away the secret)


Per a couple days ago: Did not read Rickard's new book, but saw the relevant interview a couple weeks ago.

On the one hand, his thesis sounds plausible enough, and it may even be tried. However, my guess is it will end quickly, and badly, like the Euro, for many of the same reasons-- in addition to all the stresses caused by the end of growth. Just hard to imagine further concentrations of financial power in a world of shrinking per capita resources, surplus, trade, etc...

Maybe just my lack of imagination though.

Thank you for the introductions.


Was watching some old docs the other day and thought of you. Ever seen this one?

Crisis in Levittown : Lee Bobker/Lester Becker : Free Download & Streaming : Internet Archive

because all the way across the Pacific Ocean on the island nation of Japan, their peons earn a minimum wage of ¥764 per hour (converted from Yens, that's only $7.10 an hour in American money.)

And live in a society with national healthcare, outstanding public transit, generally pretty good schools regardless of means, very low violent crime rates, etc...

Opanintoto.(an ”elder” or a senior official who sleeps on the job).

An international phenomenon.


Brown Marmorated Stink Bug annoying Michigan Homeowners | Uncover California

Externalities, like Elvis, are everywhere!

We really are too decadent to deserve to live.

A very Christian notion.

"Deserves got nothin to do with it"

YouTube - Clint Eastwood - Unforgiven 

"When profits rise it’s growth, when wages rise it’s inflation."

When banker salaries rise, it's retaining talent.

Ben Bradlee, Washington Post Editor During Watergate, Dies at 93 - Bloomberg

He was great in Parenthood.

I preferred him in "Something Wicked This Way Comes."

considered is used a lot. This was nothing more than a market stick save..

Are you saying you think the ECB won't follow through? If so, why not? German resistance?

Now we know why Bill Murry looks upon the world with such bemused calm. He's immortal.


We also now know why Murray has never done a film with Christopher Lambert.... There can be only one!

I've saved $3.73 on gasoline already this month.

Before you know it, you'll be able to purchase a spicy chicken sandwich.

Never tried it myself, but I hear good things.

Wait... so this means when Obama took the oath of office with his hand on the koran it didn't really count and he's eligible for another term!

As if it would make much difference.

The last two house speakers in MA have gone to prison IIRC.

Alabama's got Roy Moore.

"Moore insisted that freedom of religion applies only the God of the Bible, and therefore the protections of the establishment clause do not extend to other religions, such as Islam and Buddhism."

Roy Moore's twisted history: Islam and Buddhism don't have First Amendment protection, chief justice says (commentary and live chat) |

Top that Indiana!

The anal leakage market is getting crowded:

There's a "consumer staples" joke in there somewhere, but I'm too polite to make it.

It worked OK in '08, oji.
But past performance is not guarantee of anything--however, I would say that sticking to an allocation plan and rebalancing once or twice a >year for the last 15 years has worked out more than OK, so far, despite '02 and '08-'09. .

It may well work out again. No claim to special knowledge or insight here.

Do have suspicions and best guesses, which have me in cash, treasuries, and index shorts at the moment. Concerned that our current starting point leaves much less room for policy intervention on all fronts, leading me to think the next decline will prove deep and entrenched.

Further, my guess is macro growth is over, more or less, which also contributes to my trepidation.

Best of luck though.

My plan is to put 20% of cash to work at every 10% down increment, until there is no more cash. I'm buying mostly international mutuals next week.

Enjoy the ride.

"Everyone's has a plan-- until they get punched in the mouth." Mike Tyson.

Thanks to the poster who linked the article on efforts at 3D printing of cancer-fighting viruses. At least now we know what a the love-child of David Cross and Billy Bob Thornton would look like.

Autodesk Genetic Engineer is Able to 3D Print Viruses, Soon to Attack Cancer Cells - 

Does Oklahoma even exist?

They tell me I was born there,
but I really don't remember.

Later, House of Slytherin.