Fed to hold quarterly press conferences

Apparently they can’t trust the financial media to lie adequately for them anymore. Of course, given the near-complete economic ignorance on the part of the media, it’s not as if Bernanke is going to be facing any difficult, or even pertinent, questions.

Paglia on Taylor

I could not care less about Elizabeth Taylor’s life, loves, or death, but I knew Paglia would have something interesting to say about the death of one of her favored icons:

To me, Elizabeth Taylor’s importance as an actress was that she represented a kind of womanliness that is now completely impossible to find on the U.S. or U.K. screen. It was rooted in hormonal reality — the vitality of nature. She was single-handedly a living rebuke to postmodernism and post-structuralism, which maintain that gender is merely a social construct. Let me give you an example. Lisa Cholodenko’s “The Kids Are All Right” is a truly wonderful film, but Julianne Moore and Annette Bening — who is fabulous in it and should have won the Oscar for her portrayal of a prototypical contemporary American career woman — were painfully scrawny to look at on the screen. This is the standard starvation look that is now projected by Hollywood women stars — a skeletal, Pilates-honed, anorexic silhouette, which has nothing to do with females as most of the world understands them. There’s something almost android about the depictions of women currently being projected by Hollywood.

Now, I happen to prefer very slender women, but I am the only one out of all of my friends who do. They used to mock me for it, so I can’t imagine that they feel significantly different than Paglia does on the subject. But the Hollywood push for what she terms android women is little different than its push for multi-racial couples or multi-ethnic parties. And I have never seen a single black man or woman walking around in the real world with the hipster semi-fro that every token black individual appears to be sporting in television advertisements.

However, Paglia’s tribute to Taylor is also demonstrative of the way in which the first great wave of immigration helped wash away the moral norms of the nation. Taylor’s appeal to an adolescent Paglia shows the direct line from Taylor to Girls Gone Wild and the multimedia prostitutes of Vivid.

It would appear I was wrong

Back in November 2008, just before Obama was elected, I declared: “you know that between Zimbabwe, Kenya, and the Congo, a President Obama is going to invade Africa one way or another.”

But he’s running out of time and obviously Obama is not invading Libya, he is merely engaging in kinetic action there. I’m not sure which is more amusing, all of the usual doubletalk meant to indicate that engaging in acts of war is not warfare or the contortions with which Obama’s most liberal supporters are attempting to excuse their erstwhile peace candidate as he not only continues Bush’s two wars, but launches a third one.

But I know what is more amusing still… the neocons’ new fears that their World Democratic Revolution blueprint, which involves making use of the UN to sideline the U.S. Congress and justify attacking anyone the neocons want to attack, could lead to a US attack on Israel if utilized by the new Arab democrats in the Middle East.

All of which goes to underline the inherent wisdom in pre-WWI American isolationism. Wars may be wildly profitable to some, but they reliably lead to circumstances that are unforeseen by even the most perspicacious profiteers.

Bitch, meet slap

Le Cygne Gris demonstrates that John Case doesn’t know the first thing about Austrian economics, which somehow didn’t prevent him from attempting to critique the theoretical school:

The role of the state in Austrian and now Libertarian theory is more confused than its transparently false propositions on the business cycle. The first Austrian, von Hayek, was actually a social democrat and strongly supported standard social democratic policy on the key role of the state in providing services that were market failures. He differed only on whether the post office should be public or private.

Actually, the Austrian school was founded by Menger, Bahm-Bawerk, and Wieser, so 0 for 1 there.

I am not sure what is more remarkable. The fact that more people are attempting to critique Austrian economics than ever before, or the fact that they think they can do so without so much as cracking open a single work of Austrian economic theory. Of course, based on how little they know about the Neo-Keynesian theories to which they nominally subscribe, I suppose they are accustomed to opining in near-complete ignorance.

The sure tell is a critic mentioning Hayek or Schumpeter. If he doesn’t even mention Mises or Menger, there is virtually no chance he knows any more about Austrian theory than Paul Krugman does.