Modern Warfare 2 lights a fuse

The usual suspects are going to be VERY unhappy about this CoD:MW2 mission, considering it begins with gunning down civilians in an airport.  Of course, I think the scenario will probably have great appeal to lots of people, considering what they face whenever they’re dealing with the security goons at the scanners.  Speaking of which, where was the security anyhow?

Anyhow, throw in the devastation of Washington DC as well and Infinity Ward/Activision clearly have a huge winner on their hands.  They should have kept the dedicated server support, though.

Predictable progressives

The reason that they’re always paranoid about the right-wing wanting to oppress them is nothing more than classic psychological projection.  Jonah Goldberg highlights how it’s not only economics that has headed back to the 1930s, as progressive politics appear to be following suit:

No doubt the fact that neither climate models nor doomsday predictions have panned out (there has been no increase in global temperatures since 1998) is a big part of the story.  But my hunch is that the bigger reason for the shift is that Democrats are threatening to really do something about it, and the costs no longer seem hypothetical. Throw in a bad economy, and Americans simply balk. And that’s Americans — the notion that China, India, and Brazil are going to don carbon handcuffs is just silly. Those countries want to get rich, and they’ll gladly sell their carbon to do it.

But the anti-global-warming industry seems to be on autopilot, churning out books that only half-jokingly propose eating your pets. Others insist that Americans will have to restrict themselves to only one child, just like in authoritarian China. If those are the costs, free people will not pay them. In response to popular reluctance, the Jeremiahs are not only getting more shrill, they’re starting to resent democracy itself, sounding more and more like they want to make an end-run around the people.

I always found it totally absurd that anyone thought for five seconds that any society would voluntarily accept a lower standard of living in order to “save the planet”.  I mean, when you consider that Americans won’t accept the standard of living they can afford without debt even though it means future generations will be impoverished, it’s a little far-fetched to believe that they’re going to worry overmuch about how a few degrees of temperature over the next 100 years are going to affect the Western Spotted Frog.

And to be blunt, the world would be much better off without progressives than dogs.  If totalitarianism is on the table, I can think of a few better uses for it than the progressives appear to have in mind.

A perfect picture

The end of the March bear market rally appears to be approaching confirmation. That’s a perfect picture of an A-B-C corrective wave.  Mike Shedlock goes into more detail, whereas I will merely note that the S&P500 is right smack in the middle of the 1,000 to 1,100 mark that Bob Prechter anticipated would be an excellent shorting opportunity back in July.

Escape from New York

New York tries the California model as yet again, mainstream economists demonstrate their irrelevance by completely failing to consider the primary factors involved. I know nothing about New York’s revenue estimation models, but I can guarantee you that they don’t take into account any change in taxpayer behavior based on changes in the rates, much less changes in their income levels:

New Yorkers are fleeing the state and city in alarming numbers — and costing a fortune in lost tax dollars, a new study shows. More than 1.5 million state residents left for other parts of the United States from 2000 to 2008, according to the report from the Empire Center for New York State Policy. It was the biggest out-of-state migration in the country. The vast majority of the migrants, 1.1 million, were former residents of New York City — meaning one out of seven city taxpayers moved out…. What’s worse is that the families fleeing New York are being replaced by lower-income newcomers, who consequently pay less in taxes.

It’s simply incredible that a profession which is largely built around the concept of equilibrium pricing staunchly refuses to consider the effects of the cost of debt and taxation. This is just the most recent example; in RGD I cited an even more dramatic tax migration from the city of Baltimore. Of course, the fact that mainstream economists don’t bother to include either debt or taxation in their models makes their decision to exclude the price of housing, food, and fuel out of the “Core CPI” statistic a little more comprehensible. After all, you’re no more likely to eat, drive or own a house than you are to pay taxes or buy things on credit.

By the way, the WND publicist has embarked upon a fairly aggressive radio campaign, so I’m doing something like two radio shows a day, starting today. If you want to follow along and listen to me say pretty much the same thing over and over again, the schedule is posted at the RGD blog. The link on the right under the book cover, cleverly entitled “RGD Radio Schedule”, will take you to the page which will be updated on a daily basis.