Tag: Ayn Rand

October 28, 2022 – Atlas Shrugged 2:7

October 28, 2022 /

If you pay attention to the title of each chapter, it kind of gives you insight into what the chapter is going to be about. This one is titled, “The Moratorium On Brains”. More on that in a minute.

The last chapter was titled “Miracle Metal” which was about forcing Reardon to give up his intellectual property. Reardon metal will be renamed Miracle metal. Makes sense. The chapter before that was titled “Account Overdrawn” which was the production threat that lead to the initiation of Directive 10-289. The next chapter is titled “By Our Love”… I wonder what that is going to be about?

As with all chapters in this long book, there are multiple things going on. The title of this chapter refers to the incident in the second half of the chapter. An entitled bureaucrat is travelling on a Taggart train to a political event. The train is stopped at a station in Winston, Colorado because of track conditions and derailment. The bureaucrat insists that this is some kind of political ploy and demands that the train continue.

Taggart employees afraid of changing rules, sliding scales of justice and unclear authority are afraid to do the right thing. Ultimately, the parties involved barrel to their death. Hence, some knew this was going to be the case, the others refused to believe that this was a real problem. Either way, the result was the same.

Normally, I would pick that part of the chapter to draw some analogy to current day issues. But, it is so easy to kill sitting ducks. That is why we have the phrase in the first place. Make no mistake, this is the major theme of the chapter. However, I am going to talk about the first part of the chapter instead.

We have heard a little about Ragnar Danneskjold. Apparently, he was a peer of Francisco D’Aconia in school and a general enigma. The word on the street is that he is also a fearless pirate. In this chapter Henry Reardon meets Danneskjold and it was rather interesting.

We grow up with the paradigm that the story of Robin Hood is just and correct. Danneskjold bills himself as the anti-Robin Hood. And his reason being is that we have our Overton Window in the wrong perspective. It’s not the rich stealing from the poor that is the problem, but the poor stealing from the rich.

Huh. I had never considered to perspective that the fairy tail is actually a classist agenda. I really think that there are points on both sides here. On one hand, there is no doubt that this country has a large welfare state. That is certainly stealing from the rich (the government that is). Does the rich actually steal from the poor?

I would contend, that both sides steal from the middle class. One, the middle class is the largest socioeconomic group. Two, the rich are the ones writing the rules (read loopholes) as well. They can afford to hire attorneys and accountants as well as build tax shelters on a routine basis. The poor of course have nothing to steal. The middle class has no time to fight, not enough assets to protect and not enough insight to know that they are getting screwed.

To make things worse, class warfare works perfectly. By keeping the middle class siding with one side or the other, they are so busy fighting in their hypnotic trance for the side they believe represents them that they are missing the fleecing that is happening.

For instance, the “Trump Tax Cut” that occurred in 2017. Without the SALT deduction (that was the deduction for mortgage interest), I now pay $10,000 a year more in federal income tax. I have heard business owners say that they now have a significant reduction in taxes (35 -> 21% on profits as well as a increased expensing allowances to lower profits). Nothing especially precludes me from becoming a business owner, but that doesn’t pivot on a dime. My point is, business owners are more likely to be high income earners, maybe rich. There are a lot more middle class home owners that fall into the strictly middle class ranges and the burden was shifted with that tax change.

End Your Programming Routine: I cannot be convinced that the rich do not pay their fair share. If we are only talking about income taxes maybe, but all the businesses certainly donate, pay, employ, etc. That is certainly fair share in my book. The truth of the matter is, as long as we all have equal access to take advantage of the rules, then who can really complain? Honestly, what I think the middle class needs to focus on is not getting rooked into picking a side when either choice looses.

October 21, 2022 – Atlas Shrugged 2:6

October 21, 2022 /

As I said last week, it seems now that we have passed the high tide line for hope. In fact, in this chapter Dabny quits her job as Vice President for the railroad. It isn’t written explicitly, but it has to do with the outcome of a special council of industrialists and government have produced. I am going to talk about that today.

By Executive Order and declaring a State of Emergency, it is officially titled directive 10-289. Below is a synopsis of the contents.

  1. No wage earner is allowed to leave their job nor be terminated under penalty of jail.
  2. No business owner is allowed to fail and cease to exist or to transfer the entity in any means.
  3. All patents, trademarks or intellectual property will be surrendered to the government for the free use by all.
  4. Nothing new is to be invented or marketed or even investigated
  5. All manufacturing is to maintain the exact same output year over year.
  6. Prices will remain the same from this point forward.
  7. Wages will remain the same from this point forward.
  8. Any disputes of edge cases will be overseen by an entity called the Unification Board.

To me, this is clearly a larger than life framing of the transition from free market to communism. Not being a total expert, I assume that all of these things are an exaggeration of state controlled economic system. Will prices never change? I don’t think so, but they wouldn’t change without governmental review. Will nothing ever be invented? I doubt that is even desirable. At the very least, new military technology was invented but I think that science was highly valued in the USSR (granted it was probably state generated).

There is nothing like doubling down on failed policy to make things fail harder. If we look at our current financial system we can see the madness of it all. At a high level, this is how it works.

Banks qualify someone for a loan and they create a ledger entry. That loan then creates money into existence because they don’t actually have the cash liquid in the bank. This is the entire concept of fractional reserve banking. The US government borrows that money from the bank (also creates money), which they are charged a fee. They then raise money to cover the debts by issuing the bonds, which largely the banks purchase. So the banks make money ‘selling’ it to the government and they also make money by buying the debt. This is a Ponzi scheme.

When we have inflation, we have too much money in the system. Interest rates are raised to slow down some of the borrowing and additional creation of money. Inflation devalues the currency and while a small amount of continuous inflation is desirable (from a monetary policy standpoint), a large amount is not.

I suppose that you might be asking what does failure and our current financial system have to do with each other? Well, it hasn’t failed yet, but it will because there is no possible way that it will not. We cannot create money from loaning it to someone else and charge for it both ways as any sort of rational logic. The relative strength of the US Dollar is only backed by force.

What is the Petrodollar? Did you know that all oil transactions from everywhere in the world needs to be done with the US Dollar? This means that every country needs to convert their currency into USD to perform the transaction. That activity keeps the value of the dollar relatively high compared to most. This is the activity that requires force to maintain. Why do you think we are in the middle east in the first place? It is certainly not to promote freedom and liberty.

Bringing this all back around now. The central economic control of communism like the USSR, the move to communism in Atlas Shrugged and the US financial policy are all flavors of the same thing. They are all attempts to manipulate a systems for goals. The goals may not all be the same but the results are. There are too many variables and inputs for this to ever work in perpetuity.

End Your Programming Routine: At this point, I am not sure that there is a perfect economic system. I want to say free market is the best, but that has a lot of issues itself. You cannot predict boom/bust risk free. Who knew that Beanie Babies was going to be a thing? So, when you invest your entire retirement in those things and they become worthless on the whim of a trend, things go south in the entire economy. It is looking like an un-manipulatable currency like Bitcoin is looking like the way to go, but it still wont avoid the Beanie Baby crash. So, emulate the people doing well; make money and build wealth within the framework available but keep your eyes and options open.

October 7, 2022 – Atlas Shrugged 2:4

October 7, 2022 /

The fact that I am already looking at the other Ayn Rand books leads me to believe that I am going to be reading more from her. I can say that I am astounded at how astute she was and how this all dovetails together with today. Look closely, this is social justice at work. It is just cloaked in a less, in your face manner.

The chapter starts out at Thanksgiving which happens to be the night before the Reardon trial. The family members behave as poorly as normal with their normal snarky platitudes. Henry listens to one last jab and lays down the line for his brother.

This is human nature. It also seems to be the way that ungrateful dependents act. Having raised a number of other people’s (adult) children, they either get it or they don’t. And when they don’t, they are pretty self righteous about how their problems are someone else’s fault.

But when you look at it objectively, you can understand. They wouldn’t be ungrateful dependents if they didn’t have some sort of deficiency. A lot of it is the lack of ability for self-reflection, accountability and a drive to do better. This causes them to be deluded into the fault of the problem. Of course, they forget about how they got into a shouting match with their boss because they were doing something they weren’t supposed to do which got them fired.

I almost feel sorry for them until I remember what indignant assholes they are when they are in this mode. At some point, you have enough with their pity party and get tired of them not taking a wiser counsel. After being threatened with violence or just tired of confrontation and volatility, you just have resolve yourself that you have done what you can. It is time for them to leave. I don’t consider that a major theme of the chapter, but clearly it struck a nerve in me.

So, now the real theme, the Reardon trial strategy. During the trial, Reardon offers no defense for his trial. That tactic befuddles the judges, who cannot comprehend the situation. Now, as a quick aside, I do not believe that this would ever work in some sort of trial. But, it is an allegory for life.

When you are in the pool, it is customary that when someone yells ‘Marco’ the other people respond with ‘Polo’. If you don’t respond, you have broken the object of the game and it doesn’t work. I talk a lot about the left/right dichotomy and this is the perfect strategy. Picking a side puts you in the game and no matter what side it is, you are involved. Once in the game, the only way to play is with the established rules.

Naturally, if you want to break the game, you cannot operate within the boundaries. You have to stay outside of the game to change it. If you catch my drift, you cannot elect the right people out of the game because they are all playing it right along with you. I suppose that if it your desire to win ‘Marco Polo’, then you have to play in order to win.

Using something more colloquial, imagine a fantasy football league. Assume the premise that all of the players are motivated to win, all are ostensively educated in the rules and ‘game pieces’. What are your chances to win? What happens when someone quits actively playing mid-season and how does that effect the overall outcome?

There is some skill but also luck in winning. If I was tied for first place and lost to the guy that quit earlier in the season, yet my competitor is playing the guy that quit and I am playing the second place guy, he will likely win and I might lose, My point with all of this is we can’t go into a season and know the outcome because we can’t predict how the other players will act, let alone injuries, etc from our teammates. Enough fun and games, I think that you get the point.

End Your Programming Routine: Some very interesting revelations in this chapter. I debated even cutting the enough is enough comments before I started writing. Then, I thought I would just mention it but once I started writing, I debated writing the entire post about that and cutting the second section out. Not playing the game is a theme that was too important to not give full attention. I think that the enough is enough is on my mind, because that is the podcast on that I talked about on Monday.

September 30, 2022 – Atlas Shrugged 2:3

September 30, 2022 /

There is some interesting stuff in this chapter. In fact, we get the explanation of the book title here. I won’t spoil it for you but I am going to talk all around it.

In a related note, I was looking up the other books by Ayn Rand and I ended up reading a little bit of bio on Wikipedia. She is originally from the Soviet Union so that explains her super keen insight into socialism/communism. I guess what I find bizarre is that 2020’s USA is following in the very same footsteps (insert forehead slap .gif).

If I skip what I think are the inconsequential events like Reardon gets caught cheating by his wife Lillian, that will keep me focused on the heart of the events of the chapter. This is what happens of significance.

Reardon refuses Dr Ferris’ (SSI) blackmail attempt. Reardon purchased more coal than allowing under Fair Competition Act. Ferris tries to use that information to get Reardon to sell the SSI the metal that he previously refused. Ferris implies that everyone who is successful (and not going to jail) falls in line with this quid pro quo line of actions.

Ken Danagger of Danagger Coal who was Reardon’s co-conspirator in the situation also was threatened by the SSI. The pair of them are put on trial for refusing to cooperate in the blackmail situation. As a result, Ken abruptly quits his business after a visit from a mysterious stranger. This is reminiscent of the Wyatt Oil situation at the end of section one, ‘Let er Burn’.

Finally, I will end the chapter summary with another insightful conversation between Hank Reardon and Francisco d’Anconia. Francisco seems to see the world here as Reardon just plows on through it. Meaning, he is just going to keep going no matter the obstacles in the way. Francisco term’s it as morality or that Hank is willing to work harder to make up for other’s deficiency.

This is eerie. When I look back at my un-happiness at my previous job, this is precisely why I was unhappy and I just figured it out after reading this chapter. I kept working harder to make up for other’s deficiencies. The more I worked, the more success I had but it still didn’t change the paradigm. Once you realize that the situation will never change no matter how hard you work, the only thing left is to pull the chute.

My mental state was definitely a result of morality. I am not going to expose anything here but there was definitely some shady dealings going on. Nothing was illegal, but morality is usually not a legal question but an ethical one. In my book, an unethical action is also a stupid action and that I can’t stand to be around. I see it as guilt by proximity. I guess that is why I kept fighting for change. And because it never did, I was miserable.

Don’t get me wrong, I am not happy with my new job either. The difference is that I am not really vested in the outcome. I have no power or responsibility other than to do my job. It very well may be the same thing, but ignorance is bliss.

End Your Programming Routine: Wow, I really got a lot out of that chapter. I don’t know whether to be angry or cry or be triumphant. In some ways, this book is getting depressing because all of these things are happening despite what we know. Rand wrote about this in the 1950s, we saw the fall of communism, we heard the stories of depravity and dysfunction yet we double down on the path of failure. I suppose the path to happiness is staying aloof of the outcome, just like my job.

September 23, 2022 – Atlas Shrugged 2:2

September 23, 2022 /

This is one of those chapter’s that I struggled with a bit. I struggled to make time to read and I struggled to pull something out meaningful. The subject matter was a little dull as well. But, I think that there was something to pay the fuel bills here.

When I was a child, grade school to middle school, my uncle bought a fishing boat. With that boat was also a commercial fishing license. At that time, salmon fishing lasted two weeks. We would go out at least once while he fished for money, we fished for sport. A day was measured by whether your catch met your expenses or not. A good day exceeded your expenses (hopefully significantly).

So, Jim Taggart is marrying the dime store girl. Not much is written about him or the relationship in between the time that they met and actually getting married. The book feels like it has been about a year but the truth is that very little is spoken about time. It seems like it is always fall whenever the weather is mentioned but there is very little actually marking time.

Because Jim has really evolved into an insignificant character in the book, this wedding has to have a higher purpose. After all, there is over forty pages about it. Wouldn’t you know who shows up? Francisco d’Anconia of course and he ends up with a hard hitting soliloquy.

As is customary, the minor characters behave as snooty, intolerable children. They talk in empty platitudes. You know the kind where people say something rude out load without addressing a person specifically or making eye contact. “Money is the root of all evil” within earshot of Francisco. That set him off into some real insightful analysis.

I have heard it said that money is a measure of work or better yet energy. The reason money works is that I don’t necessarily want a bushel of apples for my beef every time. Money equalizes the peaks and valleys that bartering cannot. And, not all work is as equally valuable. While you may not want to throw hay on a trailer all day, there are plenty more people that can actually do that job than fix your automobile. Hence those jobs command different rates.

I am going to kind of go back and forth between the book and reality here. Francisco sets off to dispel the myth that money is the root of all evil. I tend to agree with him that people with money are the ones that subconsciously understand the value proposition of job rates being unequal. However, the balance of power is changing to people that are gaining money by changing the laws. He calls them ‘takers’.

We do not have to look far to see this in our own lives. This was the first article I looked up on congress people’s net worth changing while in office. I am willing to concede that there are no poor people running for congress but I think that it is pretty apparent that there are a lot of people somehow increasing wealth while in office.

“Money is the barometer of societies virtue. When you see that trading is done, not by consent, but by compulsion – when you see that in order to produce, you need to seek permission from those that produce nothing – when you see that money is flowing to those who deal, not in goods, but in favors – when you see that men get richer by graft or pull, not in work, and your laws do not protect you against them, but them against you – when you see corruption getting rewarded and honesty a self-sacrifice – you may know that your society is doomed”.

So, let’s see here, we have health insurance as a tax. That sounds like trading done by compulsion, not by consent. Then we have Monsanto suing farmers for their genetics interbreeding with non-Monsanto grains because the wind blew the pollen into other’s fields. Meanwhile, the USDA is a revolving door “experts” that come from the major agriculture companies. The same with the FDA. This sounds like seeking permission to produce. By the way, these were just the first things I saw when I looked for supporting evidence to my claims.

I have one more thing to say so I can get to the end here. Let’s get more local rather than the US Department of…, landlord tenant law. In my state, this is quintessentially law protecting the pullers rather than the producers. Fortunately, the pullers don’t seem to be smart enough to actually capitalize on getting richer but for no good reason there is a perception that tenants are always the victims. Let me state that there are very few circumstances that landlords want good tenants to leave. There are literally hundreds of reasons that they want bad tenants to leave.

End Your Programming Routine: Francisco d’Anconia seems to have a pretty good read on the tea leaves. What is interesting is that Ayn Rand saw this over sixty years ago. At this point, I am not yet convinced that all of these things happening today were already growing at the point this was written. I assume that concepts in the book were largely the growth of European socialism and communism. However, I do think that the ignoring of the Constitution goes back to Abraham Lincoln as the tipping point.

September 16, 2022 – Atlas Shrugged 2:1

September 16, 2022 /

As we transition into part 2, things begin a little slowly. Where we left part 1, Ellis Wyatt was giving the middle finger to the establishment, namely the government and central planning. Most of the chapter is centered on the consequences and the domino effect of the political changes.

In my mind there are two things in this chapter that are significant. The first one is the State Science Institute (SSI) attempts to order some Reardon Metal. Presumptively, the reason this is happening is because Reardon seems to be the only one producing raw material in any quantity. Reardon stands by his principles and refuses to sell product based on the smear campaign SSI launched against the metal.

It’s hard to say whether Barrett firearms took a page out of Atlas Shrugged or not, but there is plenty of this kind of sentiment in the firearms world. There are some pretty strong stances amongst manufacturers, dealers and other resellers about selling into the California/New York/New Jersey markets. Ironically, at least with the first two states, they keep doubling down on their failed policies with each iteration.

The second subplot occurring within this chapter is the interaction between Ferris and Stradler of the SSI. I haven’t talked about Ferris before, but you will remember Stradler as the head of the organization. Ferris is the one that released the opinion about Reardon Metal to the press. From reading previous chapters, you may also recall that Dabny and Stradler discussed the smear campaign.

It seems as though Stradler is a bit of a dupe. His initial impression of Reardon Metal was favorable, but his trust in Ferris is unshakeable. Ferris seems to be a bit of a chameleon. What I mean is a partisan masquerading as a scientist. Once again, I am talking about the practice of ‘science’ justifying politics. Because of Stradler’s implicit trust of Ferris, he doesn’t bother to question his work or opinion. Ferris has now written a book extolling the virtues of central planning and the government science.

This is a round about way of talking about authorities. Truth does not have any authorities and science has very little truths. Science has data where qualified scientists offer opinions. The validation of the method is called peer review, but not the validation of hypothesis. The phrase ‘the science is settled’ fools the average citizen into elevating various figures in demi-gods. Politicians masquerading as scientist use the bully pulpit to manipulate data into policy. All the while, the population’s malaise and lack of critical thinking just swallow up the opinions as truth and fall in line.

For sure, the first issue mentioned would not occur without the second. Once again, we have abdicated our responsibility as citizens to follow data on any level. I think that most people assume the language and the vocabulary is too technical to even begin to validate facts. We find it much easier to accept that someone else has done the work and we call that person an authority.

One last thing about this subject. Not everything is wrong or malicious. I like to use the intent barometer when forming an opinion. Some topics lack data or are extremely convoluted or maybe only have lose-lose outcomes.

Take the subject of mask mandates for instance. The data was known even before mandates were implemented that cloth masks were ineffective. This is the reason why the requirement was slow for initial adoption. If you recall, it took weeks of debate before the mandates became policy. The problem I have with the entire situation was it was all about appearances. Once implemented, the government was not going to backtrack despite what the data says.

The initial intent at least was good, the execution draconian and the result was evil. All of this behavior netted people scared to death and doing something that had no real benefit. Meanwhile, the government would only save face on policy rather than admit they were wrong and end the division among the people.

End Your Programming Routine: I realize that there is only so much time in the day to do things. What seems to be most important is binge watching the latest season of Yellowstone rather than becoming educated to our societies downfall. Admittedly, I choose to work on my own projects and pursue my interest than research political statements mostly. At least, I spend time on this forum trying to encourage you to check the data behind ‘the facts’.

September 9, 2022 – Atlas Shrugged 1:10

September 9, 2022 /

This is the last chapter in part one of Atlas Shrugged. It is not quite numerically a third of the way through, but practically it is. Let us just say that the world is quickly losing it’s mind. By the end of the chapter, we see the beginning of the end.

As the story line goes, Dabny continues her search for the engineering brains behind the ‘perpetual motion machine’ or the motor that converts static electricity from the air into mechanical energy. Of course, the search is very difficult because the Twentieth Century Motor Company closed over ten years prior and anyone that is affiliated doesn’t want to talk about it.

Most of the chapter wanders around interviewing different characters who lament how their desire to make the world better ended in hard feelings and failed financial enterprises. We had the banker who loaned money without any credit check or collateral and lost everything. We had the owners who levelled the entire organization payroll structure to have the entire company vote on need based results and punitive for those who got less votes. The people involved with the enterprise for pure reasons like science left out of disgust. The people involved with the enterprise for social engineering failed miserably.

I guess where I want to go with this today is philosophy of the premise. What I mean is that making the world a better place is a laudable goal. But, logic must be applied to the methods. Ideologues that act without a solid premise are destined for failure and ridicule regardless of how equitable the changes might be.

Speaking of Ideologues, I would also say that perception of the surrounding world is skewed. If I believe that every person should be paid equally (or the same amount), then I am going to perceive anyone that runs a company against my beliefs as deficient. That may project as greedy or selfish or a workaholic or any number of adjectives negatively describing someone with opposing views as mine.

Additionally, in today’s fascist world I am going to use the means of the state to try and force my beliefs as policy or law. This leads us to a new dirty word, fair. If you are anything like me then then the connotation of the word fair is positive. As I do, I want to look deeper into the word.

I have thought about this quite a bit. Is fair a reality? What is fair and what does it really mean? On thinking deeper, something can only be fair when all parties agree. Just like in the book, losing your business to bad business practices is not un-fair it is your perception of the circumstances. I don’t think all would agree that it was un-fair, I sure don’t.

Other industrialist are doing a lot of whining about the fairness of Hank Reardon’s success and productivity. Subsequently, under the orders of Bureau of Economic Planning and National Resources railroads speeds are capped at sixty miles and hour and the maximum train length is limited to sixty cars and trains are required to operation the same number of trains in one state as adjacent states. In addition, no one metal company can produce quantities exceeding another. And finally, there is a 5% Value Added Tax to Colorado. This is all in attempt to have a fair marketplace.

End Your Programming Routine: The name of this chapter is Wyatt’s Torch. The reason being is that Ellis Wyatt, the oil baron and the reason the John Galt Line was built just gave an ‘F’-You to all the people demanding fairness. He set his facility on fire and gave up on drilling oil. Like the engineers, at some point you can’t fight these kind of battles head on. You have to regroup and take the fight in a different direction or front.

September 2, 2022 Atlas Shrugged 1:9

September 2, 2022 /

I don’t want to come off sexist, but I will say it anyway. There are some elements of this book that read like a romance novel. It could be that this becomes important later, but it does seem a little dramatic and over the top. This chapter gets into that aspect quite deeply. That is all I am going to say about that.

It is human nature to feel vindicated having success when there were so many doubters. Dabny and Henry are riding high and begin having an affair and end up going go on vacation to Wisconsin. Meanwhile, Jim is low and I don’t think that he really knows why. I think that it is because situations are not really going his way and he knows that he is wrong. These are not really what I want to go into this week.

The real money in this chapter is a conversation between Mr. Mowen on Amalgamated Switch and Signal Company and an unnamed worker. Mr Mowen observed Quinn Ball Bearing Co. moving to Colorado from his office. There is some discussion of the Equalization of Opportunity bill and how they don’t agree with it and then there is this quote.

“I don’t see it. It is a backward, primitive, unenlightened place. They don’t even have a modern government. It’s the worst government in any state. The laziest. It does nothing – except keeping law courts and a police department. It doesn’t do anything for the people. It doesn’t help anybody. I don’t see why all of the best companies want to run there.” – Unnamed worker.

And there is your economics lesson for all time. Money goes where it is treated well. And where the money goes, so do the jobs and consequently so does the wealth. Have you ever observed an un-incorporated area growing rapidly? Who moves there and why is this happening? It is the upwardly mobile moving to a lower cost area. Housing costs and taxes drive the migration.

By the same token, so does industry. I did a job in China back in 2009. This was making epoxy resins for carbon fiber layups (primarily building aerospace parts). The plant operators were Chemical Engineers with Master’s degrees and English almost as good as mine. The company was paying them about $20,000/year. Part of the reason this was being done in China is because the US equivalent would be paying operators $50,000/yr plus benefits, so say $75,000.

Of course not everything is perfect. For instance, a local pipe fitter was hired for the installation. When they finished, all of the piping sloped backward. This caused problems with the line contamination and dosing. So, the pipefitters had to redo the entire installation. That being said, it still cost less than doing it right in the first place.

Businesses are not stupid. If an advantage can be obtained by shifting operations for a better long term outlook then they will do so. It is the same reason the “Anti-Inflation Act of 2022” is going to fail. The government is pretending that putting price controls on pharmaceuticals is somehow going to reduce inflation. How will these companies respond? Move operations to a cheaper location i.e. China, distribute costs to non-listed products or cease production all together. I ask you, is this win-win or even lose-win?

In a free market, if consumers can’t afford an item, then it doesn’t get purchased. When something doesn’t get purchased, it eventually doesn’t get made. If I was pricing something, I would try to keep it at a razors edge of profit and market toleration of cost. Let us not fool ourselves, we do not have a free market. It is highly likely that the drug companies were in on the creation of the list of drugs where these price controls are instituted in the first place. For all I know, the maximum allowed price may be above the current cost and this could all be a sham.

End Your Programming Routine: The quote by the unknown worker resonates something that is so fundamentally wrong with today’s society. The greater society believes the government needs to do something about gun violence, climate change, social justice, inflation or Covid, None of these things drove the Pilgrims to come to America. None of those things are even thought of in the Constitution. My point being, we the people have absolved our self-responsibility and now believe it is the job of the government. Now, if we just elect the right people…

August 26, 2022 – Atlas Shrugged 1:8

August 26, 2022 /

This book is rapidly earning a spot on the reading list. I suppose you could say that I enjoy a story with a bunch of subversive subplots going on. I also appreciate a long and intricate story. If a book is going to be short like Animal Farm, it very well better get to the point and quickly. Animal Farm is going on the review list too, I have a couple others ahead of it first.

There is a lot going on in this chapter that is relevant to the current story lines in the plot. In fact, it is probably an end to the most controversial issues to date. I didn’t recognize that there were a lot of new concepts however. I am not sure where things are going from this chapter other than there is sure to be more interaction between Frank D’aconia, Jim Taggert, Dabny Taggert and Henry Reardon.

In the first, third of the chapter, we have the Equalization of Opportunity bill in action. Reardon ends up selling his different business interests to individual industrialists. Some of them are consolidating operations and others seem to be friends. It is clear that many industrialist are not happy with the status quo, but we get a glimpse into Reardon’s character. He will fight for his business in management and the marketplace but not in the political arena.

In the second, third we have more doubt on the John Galt Line. Dabny holds a press conference, concerning the near completion of the line. We have the same battle lines with the media saying it is going to be a disaster and the normal folks betting on success. The third, third of this chapter had the first run on the John Galt line. Of course it was successful, what did you think was going to happen?

So, lets talk about the media and misdirection or agenda pushing. Did anyone hear about the Inflation Reduction Act 2022? If you see the title, you would think that this is an attempt to actually reduce inflation. Despite the fact that the government is claiming there is no recession and inflation is minimal, why would we need to reduce inflation?

You can follow the link above to see what is actually in the bill (on a summary level). But, if you ignore the actual details and just look at the cost summary, you will see that this is touted as a deficit reduction. How is this actually done? Primarily there are some rebates that are terminated and taxes are raised on corporations.

Let us look into the bill for a minute. The ‘benefits’ of the bill are targeted toward climate change and health care rebates and changes. Now, if we take the name of the bill at it’s face value, how in the world are these things related to inflation reduction? I really don’t have the time and/or space to discuss how inflation works. But, simplifying inflation for a quick bite: inflation is driven by the federal reserve (non-governmental entity of member banks) increasing the money supply and this is done through fractional reserve banking. I hate to break this to you readers, but inflation is actually desired by the government because this is how the federal debt is financed. Older (more valuable) debt is payed with less valuable money.

Circling back to the media now. We have the useful idiots parroting all the great inflation reduction that we are going to see just like the media is publishing false information sourced by the State Science Institute in Atlas Shrugged . We are going to do that by raising taxes on the rich and giving money to people to buy electric cars, all the while the national debt is reduced. Huh, I can’t make the connection.

End Your Programming Routine: Pick your issue here. Trump has nuclear secrets at his home, the election was stolen, there is no inflation, stay home and save lives, two weeks to flatten the curve, get your vaccination to do your part… lies. I don’t like to talk about politics this definitively but if you are wrapped up in the BS that is being fed, then you are a drone. The government is going to do what they are going to do. We the people need to focus on things that matter to us. The political circus is still happening every day, don’t go.