The Funny Man, the Fed Chair, and Free Banking

Posted on September 19th, 2007 in Economics, Entertainment by Kyle

On The Daily Show last night John Stewart asked Alan Greenspan if we really have a free market when our money supply is centrally planned by the Fed. Larry White (the foremost advocate of free banking) has a home-made transcript and great commentary here. Nice to see the former Fed chairman getting back to his Gold Bug roots a little bit.

Ron Paul’s odds are getting better and better.

Posted on September 15th, 2007 in Entertainment, Politics by Wayne

Well, according to the people at Sportsbook.com anyway. Gambling911.com ran a story a bit ago about Ron’s odds going from 100 to 1, to 15 to 1, and finally down to 8 to 1.

“The old taunt reflects a deep economic principle: Talk is cheap, but if someone is willing to risk money, it means they’re serious,” writes Tim Harford of Slate.com, a general-interest publication offering analysis and commentary about politics. “Put the principle into action and you realize that electoral forecasters should pay as much attention to the betting odds as to the opinion polls.

“When money is on the line, informed people, perhaps including insiders, have an incentive to turn their knowledge into cash by making big bets. In the process they make the odds more accurate. And of course, there are several reasons to lie to pollsters, but no reasons to make a money-losing bet.”

September Dawn

Posted on September 3rd, 2007 in Entertainment, Philosophy and Religion by Will

I saw this movie tonight with two friends of mine, one active Mormon and one former Mormon. We all agreed that it’s basically anti-Mormon propaganda, since it takes the most negative possible side in the ongoing controversy over the LDS Church’s role in the Mountain Meadows Massacre, and there’s only one Mormon in the entire movie who’s not a total psychopath. Also, the movie makers apparently think Brigham Young was English, maybe because every good bad guy has to be.

My assumption, even before seeing the movie, was that it would be a thinly veiled allegory suggesting that all conservative religion will eventually end in mass murder. I let my expectations mislead me, because I didn’t figure out the movie’s real motives even after seeing it, although one of my friends did. (No, it’s not a product of the Giuliani campaign.) While I’m sure many people involved in the production, it seems to me including the producer, saw it as a way to warn against generic “religious extremism,” that wasn’t the screenwriter’s agenda. Her website and this interview make it clear that she meant the movie as a conservative Christian attack on Mormonism. Her bias is definitely apparent when she describes Mountain Meadows as “the first act of religious terrorism in the United States”–ignoring not only nativist violence but also the widespread persecution of Mormons before they migrated to Utah. In fact, violence against Mormons gets only a couple passing references in the entire movie, while violence by Mormons is played up to the hilt.

Also, Michael Medved makes two good points: 1) Hollywood won’t make movies in which Muslims are terrorists; and this is explained by 2) Salt Lake City’s not engulfed in riots at the moment, and no one firebombed the theater while I was there.

Finally, I’ve been the only person posting on here for a couple weeks. I’m not posting again until someone else does!