Useless Idiots

Stories about people who are useless to society.

Michael Suede vs. Russ Roberts – Why Keynesians Always Get it Wrong (and Most Economists Too)

I had this rather interesting exchange with economist Russ Roberts, of George Mason University’s Mercatus Center, that arose from my comments on a recent YouTube video that was posted by Reason magazine. The conversation below was copied and pasted from the YouTube comments section of this video.  Roberts’ comments are in red. I’d rather hear him say…

Detroit Spent $15,570 per Pupil in 2010

Detroit spent $15,570 per public school pupil in 2010, while operating some of the worst schools in the nation.  47 percent of Detroit citizens are ”functionally illiterate.”  In 2009, Detroit public schools actually set a record for the lowest scores ever in the history of National Assessment of Educational Progress testing. At $15,000 per pupil, I…

Former Fed Chair Paul Volcker Half Jokingly Declares The Fed To Be Insidious

Paul Volcker, former Chairman of The Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan, gets confronted by Luke Rudkowski of WeAreChange about his attendance of past Bilderberg meetings. When Rudkowski questioned him about his involvement in the Bilderberg meetings, Volcker said he barely remembered them.  When pressed further, Volcker said he probably didn’t continue…

Libertarianism, Disagreeing With The Mainstream and Self-Worth

self-worth

Recently I authored a piece on the Higgs Boson discovery, in which I pointed out that the physicists in question haven’t proven anything yet.   I compared the standard model of physics to a religious doctrine and its adherents to crazed zealots.  This earned me a prime-time spot on the Reddit drama discussion board, which…

Obama Rejects Supreme Court Ruling On Obamacare

back in 2009. Forbes explains the recent ruling:  The 5-4 decision found the individual mandate at the heart of the law was a tax and therefore allowable under Congress’ constitutional power to levy taxes. Roberts joined the conservative wing in finding the law otherwise would have violated the Commerce Clause, however, by exceeding the power…

Rand Paul Damage Control

Jack Hunter claims Rand Paul “had” to endorse Romney.  Mike Adams claims Rand Paul is lying in his endorsement in an attempt to insert himself into a position of power.  An article on the Daily Paul also claims the same thing.  Dan McCarthy of the American Conservative claims this is simply retail politics that doesn’t mean anything.  Economist Robert…

Anarchist Group Plans ‘Low Level Warfare’ Against Olympics

The “anarchist” website 325.nostate recently issued a proclamation that declares a guerrilla war against Olympic organizers, “In the United Kingdom of clockwork control and domestication, we’re some of the ‘unpatriotic ones’ who find the 2012 Olympics, with the ensuing spectacle of wealth (when so many here struggle to feed themselves and their families), harmful developments and escalating police state,…

Rand Paul Endorses Mitt Romney?

“precisely the person I would want to turn around a failing business like our government.” I’m not sure what is going on here, but that wasn’t the brightest thing for him to say. Does he honestly believe a socialist like Romney is the best person to turn around our government? Is he shooting for a…