Tidbits Political Quotations
To Accompany the February 15, 2021Edition of Tidbits
Bob Jensen at
Trinity University

The Jewish Express:  A Brief History of Antifa: Part I ---

The Jewish Experess:  A Brief History of Antifa:  Part II ---
Also see

When Antifa received word that Ngo's book was for sale at Powell's bookstore, they decided to show up and demand that the local chain cease selling it all together ---
Nobody want to be the target of Antif's's arsonists

Antifa members threaten to 'burn' down DC during Black Lives Matter march ---

FBI director calls Antifa 'a real thing' ---
https://thehill.com/policy/national-security/516911-fbi-director-wray-calls-antifa-a-real-thing '

Antifa group continues occupation of Seattle-area hotel with plans to stay permanently for free ---
Did you notice how the major media no longer reports these takeovers?

According to The New York Times, potentially 90 percent of those who have tested positive for COVID-19 have such insignificant amounts of the virus present in their bodies that such individuals do not need to isolate nor are they candidates for contact tracing ---

My Latest Web Document
Over 600 Examples of Critical Thinking and Illustrations of How to Mislead With Statistics --

What's Wrong With Wind and Solar? ---

Electricity prices are already going up because of the 'wasteful, duplicative solar and wind on our grid' Facebook Twitter Comments Print Email ---

Animated  Visualization of the United States’ Exploding Population Growth Over 200 Years (1790 – 2010) ---
A Visualization of the United States’ Exploding Population Growth Over 200 Years (1790 – 2010)

USA Debt Clock --- http://www.usdebtclock.org/
The published national debt is a lie
Here's the real federal debt ---

Debt to GDP Ratio by Country 2020 ---

Human Population Over Time on Earth ---

MIT's Links to Covid-19 Trackers Around the World ---

Johns Hopkins University:  Updated Map and Table on the Number of Coronavirus Cases for Every Nation ---
Accuracy is subject to wide margins of error for every nation and varies greatly between nations.

Covid019 in New Hampshire ---

The best maps for comparing counties and towns in your state are provided by your state. For example, here's the map showing the distribution of cases for New Hampshire counties and towns ---


Beautiful News Daily (news and statistics to offset all of today's bad news) ---


 Here's a humorous and serious TED talk that seriously argues why the world needs billionaires


Why did Cuba abandon its socialist/communist dream of equality for everybody?
The Guardian:  This was the egalitarian dream of Cuba in the 1960s: For years in Cuba, jobs as varied as farm workers and doctors only had a difference in their wages of the equivalent of a few US dollars a month.



Here's a somber and serious Guardian article on why the Cuban model of income equality for all is a disaster ---
Fidel Castro says his economic system is failing ---


Cuba lifts ban on most private business to deal with worst economic crisis since the fall of the Soviet Union ---
Socialism Doesn't Work ---


Nordic Countries are Not Socialist Paradises ---
Nordic countries are capitalist


Miracle of Chile --- https://en.wikipedia.org/wiki/Miracle_of_Chile
Movie:  The Chicago Boys of Chile ---


How to Fix Economic Inequality? ---


Cuba’s Dubious Miracle ---


The Singapore Dream:  How Singapore's richest man went from welding in a factory for $14 per hour to owning a $17 billion hotpot restaurant chain ---


After 40 years of capitalism, China’s income is divided almost as unequally as America’s ---
China has more billionaires than any other country in the world (and generating more at a higher rate than any other nation) ---


A Letter to My Children Regarding Bernie Sanders ---
A study of Bernie's past reveals a very dangerous man who could bring down the USA


History Tells Us to Worry About Inflation (in spite of what Paul Krugman says) ---


The Bill Is Coming Due for China’s ‘Capitalist’ Experiment ---
Thanks Wm. Dennis Huber for the heads up


What's Wrong With a Wealth Tax?


While a move is underway to destroy the American Dream of rags to riches (by taxing away the riches) the Chinese dream is on the rise.
The Chinese Dream
How a Chinese billionaire went from making $16 a month in a factory to being one of the world's richest self-made women with an $8.3 billion real-estate empire ---


Top 50 Billionaires in China ---

Jensen Comment
The question for students to debate is why a supposed communist country allows so many billionaires to rise up from poverty.
That's supposed to happen in the USA where a child growing up in deep poverty (think Oprah Winfrey or Howard Shultz) became a multi-billionaires.
But is it also supposed to happen under communism? If so, why?


One reason is that many billionaires can afford to pour lots of money into high risk ventures. When's the last time you heard about a high risk (think Silicon Valley) venture in Europe?


Here's a humorous and serious TED talk that seriously argues why the world needs billionaires



Vaccine Politics in Europe Versus America ---



Wikiquote from Wikipedia --- https://www.wikiquote.org/


I detest what you write, but I would give my life to make it possible for you to continue to write ---


"This is perhaps the assembly of the most intelligence ever to gather at one time in the White House, with the exception of when Thomas Jefferson dined alone"
John F. Kennedy at a White House party


As cities chose to reduce police budgets for 2020, this is what happened to their murder rates ---


Harper's:  A Letter on Justice and Open Debate --- |



They're Coming to America ---


Scientists suggest US embassies were hit with high-power microwaves – here’s how the weapons work


The Guardian:  American classics among most ‘challenged’ books of the decade in US (protesters want them removed from libraries and schools) ---
Bob Jensen's threads on banned books

In 1785 the state legislature of Virginia unanimously rejected a proposal from evangelicals to free the state’s slaves ---


When the Great Scorer comes to write against your name, one unforgiveable sin (racial profiling) outweighs all the good you've done in life.

Bob Jensen


Kobe Bryant:  We need to make the most of every minute we have ---


It is not knowledge, but the act of learning, not possession but the act of getting there, which grants the greatest enjoyment.

Carl Friedrich Gauss


Political Correctness:  New York Times Conveniently Revises History on the 2020 Antifa/BLM-Led Riots ---


The 2020 Election Was a Rebuke of Socialism ---

Even Though Biden Won, Republicans Enjoyed The Largest Electoral College Edge In 70 Years. Will That Last?


Taiwan’s Crowdsourced Democracy Shows Us How to Fix Social Media ---

The Result of "Too Much Money": Asset Price Inflation and Inequality ---


James Baldwin Talks About Racism in America & Civil Rights Activism on The Dick Cavett Show (1969) ---


Success is a lousy teacher. It seduces smart people into thinking they can’t lose. And it’s an unreliable guide to the future

Bill Gates, “The Road Ahead”


Hermann Weyl born in Hamburg, Germany. He wrote, "One may say that mathematics talks about the things which are of no concern to men. Mathematics has the inhuman quality of starlight---brilliant, sharp, but cold ... thus we are clearest where knowledge matters least: in mathematics, especially number theory." ---
Also see Mathematical Analytics in Plato's Cave


And nevertheless conclude that the optimum amount of restriction of immigration is zero point zero, zero, zero? Amazing. Economics are generally skeptical models that yield corner solutions ---
Jensen Comment
To the list of questions I would add "Do your talk about the Tragedy of the Commons?"
The problem with open borders is somewhat related to the economic problem of "The Sharing of the Commons" where giving everybody the right to use a free resource leads to everybody losing that resource. At what point will allowing billions of people share in the free medical care, free college, and other scarce resources ruin it for everybody ---


China ‘forcing Uighur Muslims and other minorities to work in cotton fields’ ---
Socialist and communism advocates often overlook instances of slavery forced by governments rather than capitalists


U.S. physicists rally around ambitious plan to build fusion power plant ---


A short history of corruption in Illinois ---


History of United States Immigration Laws ---


DHS: Illegal Border Crossings Surge In Anticipation of Biden Presidency ---


Open immigration can’t exist with a strong social safety net; if you’re going to assure healthcare and a decent income to everyone, you can’t make that offer global ---
Paul Krugman


Wherever they burn books, they will also, in the end, burn human beings ---
Heinrich Heine


It is by now well known that some of the greatest modern philosophers held racist views ---
https://aeon.co/essays/racism-is-baked-into-the-structure-of-dialectical-philosophy  ---

Also see


Assorted Charlie Munger Quotations ---



RIP Walter E. Williams ---
Walter Williams, R.I.P. | National Review
Also see


Walter E. Williams:  Insults to Black History ---


Walter E. Williams:  The Leftist Effort to Revise American History ---



Walter E. Williams:  Disgusting Professorial Teachings ---


Walter E. Williams:  The True Plight of Black Americans




Walter E. Williams:  Institutional Racism ---


Walter E. Williams: The Fight for Free Speech


Walter E. Williams:  Back to Academic Brainwashing ---

Walter E. Williams:  The Devil and Karl Marx ---


Walter E. Williams:  Profit of Freedom and Capitalism ---


Is Racism Responsible for Today's Black Problems? ---


Some Fatherly Words of Wisdom from Jack Bogle, Founder of Vanguard Investments, to My Sons ---


Walter A. Williams:  The Nation's Report Card
How are K-12 schools doing under President Trump versus President Obama?

Jensen's Comment
Most K-12 schools were probably doing better when I was a child than they're doing today. The downhill slide is greatest in the gang-ridden schools, drug-infested urban schools like Chicago and New Orleans. Throwing money at such schools is not the answer until life at home recovers. Finland knows this, which is why Finland's dads spend more time with school children than the moms or the teachers.


Walter E. Williams:  Insane News Tidbits ---


Milton Friedman:  The Lesson of the Spoons ---
Chopsticks would be even better


Rep. Ilhan Omar Calls For “Dismantling” of US “Economy and Political Systems” (VIDEO) ---
Jensen Comment
Republicans are most grateful that Omar played a huge role in getting Biden nominated


Republican women flipped numerous House seats in 2020.---


California Voters Rebuked Their Governor, Legislators at the Ballot Box ---


Report: Belgian nursing homes failed patients amid pandemic ---


Bernie Burns AOC? Tells CNN Good Progressives Do Not Support 'Defunding Police' ---
Click Here

Biden's Startup Plan: The Good, the Bad, the Ugly ---


Religious Books Seized and Burned in Communist China, Believers Given Jail Terms ---



Government's Money Monopoly and the "Great Reset" ---


San Francisco’s Soft-On-Crime Approach Isn’t Working ----


Danish minimum wage data ---


Ilhan Omar's campaign contributed nearly 80% of political payments to husband's consulting firm: filings ---


Antifa members threaten to 'burn' down DC during Black Lives Matter march ---


A group of Black Republicans are pressing the National Museum of African American History to properly 'honor' Clarence Thomas ---


Students Call On University Of Wisconsin To Ban Women's Liberation Front From Law School Job Fair ---


Leaving Aside Trump's Role in Provoking the Capitol Riot, His Reaction to It Was Enough To Justify Impeachment ---


Nancy Pelosi Accused Of Corruption After Husband Caught In ‘Insider Trading’ Scheme ---
There's an alleged history if such insider trading by him


The New Yorker: Inside the Making of the Facebook Supreme Court ---
Click Here

The Trouble With Mitt Romney's Family Security Act ---


If progressivism can’t work in California, why should the country believe it can work anywhere else?


Powell Says the True Unemployment Rate is Actually 10% ---
Jensen Comment
I don't think we will every know the USA's "true" unemployment rate until we have accurate data on the underground labor market. Thousands of people listed as unemployed are really drawing in some cash earnings from the enormous underground economy of the USA. Think of all of those house cleaners working for cash who are not listed as employed. Add to this the underground workers in construction, farming, landscaping, car repair, drug dealing, etc. and you have a lot of paid labor not being reported anywhere, including the IRS. Until there is a cashless economy we will not have a clue as to the full extent of the underground economy.



Why the EU has fallen behind on vaccines ---
The major media criticizes the USA's vaccine performance while overlooking the far worse vaccine performance in the over-regulated EU. One huge problem is the dearth of risk capital in the EU. Business financing in the EU is mostly from banks and financial institutions that shy away from financial risk. In the USA it's much easier to finance risky ventures with equity capital. Alas, that may change with the new taxes and regulations in the USA following the 2020 election.


Harvard:  The EU’s Unsustainable Approach to Stakeholder Capitalism ---

. . .


Not only does the report fail to show that EU businesses are misgoverned, it also makes proposals that would actually put these businesses at risk. Most importantly, the report recommends an EU-wide reformulation of directors’ duties to include a broad and ill-defined range of considerations, including representing the interests of the “global environment” and “society at large.” These duties would be enforced by non-investor stakeholders bringing suits in court.

The effect of implementing such proposals would be corporate paralysis. Almost any board decision could be legally challenged by some stakeholder claiming a violation of directors’ almost boundary-less duties. Concerned about personal liability, or even just the embarrassment of being named defendant in a lawsuit, directors will refrain from major decisions without getting buy-in from every stakeholder that might sue them. How will these firms compete with nimble U.S. and Chinese firms? Conducting business through an EU-listed firm will simply no longer be sustainable. Firms will go private, or seek to avoid these rules by domiciling and listing elsewhere.

In fact, the sustainability of Europe’s entire business eco-system would be put at risk. Directors of large listed EU firms would feel pressured to cut back on dividends and repurchases and invest more internally, even if such investments make little sense from investors’ perspective. Capital would be trapped in cash-rich firms and mis-spent. The flow of capital from larger public firms to smaller public and private firms would dry up. Firms looking to raise cash would find it more difficult. After all, why would investors hand funds over to directors whose EU-mandated fiduciary duties now require them to deploy the funds to benefit the global environment and society at large? The question answers itself.

If the European Commission really wishes to increase business sustainability, it should take steps to make it easier, not harder, for European firms to raise, deploy, and return equity capital. It should turn its back on the report’s proposals, which are as poorly-grounded as the findings of short-termism trotted out to justify them.

In listserv correspondence Jagdish Gangolly wrote:

If my reading of the Dennis article is right, he is arguing for the entity theory of accounting. That will require an entirely new thinking on corporate governance, somewhat on the lines of the German model where corporations have Board of directors and Board of supervisors, the latter consisting of all stakeholders. I personally think that would be a good idea and considerably improve corporate governance in the US.

Jensen Comment About a Shortage of German Shareholders Willing to Take Financial Risks in Equity Markets

German tendency toward government regulation and financial tradition for bank financing resulted in the smallness of stock markets and equity financing in Germany relative to the USA and even some other nations in Europe and China. Germany depends mostly upon banks for business financing. As a result there is no Silicon Valley for venture equity capital in Germany.



The German capital market has different characteristics to those of the US and the UK. The key differences involve the development of public equity markets, patterns of ownership structure, and minority shareholder protection. In contrast to other major economies, such as the US, the UK, and Japan, the number of exchange listed German companies is comparatively low. As a consequence, banks and other financial institutions act as the primary suppliers of external capital for (German) corporations. In addition, the typical market listed German firm is characterized by a small number of large shareholders. Franks and Mayer (2001) observe that “85% of the largest quoted companies have a single shareholder owning more 3 than 25% of the voting shares”1 (based on 171 companies in 1990). This percentage seems to be stable over time (at least for non-financial companies). In a study based on all nonfinancial companies listed on the „official‟ trading segment of the Frankfurt stock exchange between 1997 and 2004 (264 companies), Andres (2007) states that the percentage observed by Franks and Mayer (2001) is strikingly consistent with ownership patterns 15 years later, “with 84.5% of the firms featuring a shareholder with a stake of more than 25%.”


German inventors and developers seek outside investors such as USA's Tesla that is now building a mega electric vhicle factory in Germany. A German biotechnology developer, BioNTech, partnered with the USA's Pfizer to conduct clinical trials, finance, and produce its covid vaccine ---


BioNTech is the initial developer of the vaccine, and partnered with Pfizer for development, clinical research, overseeing the clinical trials, logistics, finances and for worldwide manufacturing,[32] with the exception of China, where the license to distribute and manufacture was purchased by Fosun, alongside its investment in BioNTech.[33][34] Distribution in Germany and Turkey is by BioNTech itself.[35] Pfizer indicated in November 2020, that 50 million doses could be available globally by the end of 2020, with about 1.3 billion doses in 2021.[


Jensen Comment
Until the radical left destroys equity capital markets, the USA is probably the best nation for risky financing with corporate common stock. No other nation welcomes Initial Public Offerings like the USA. IPOs are generally marketed by investment banks in the USA because there is such a large throng of USA investors willing to make risky financial investments in their quests for the American Dream. Before the 2020 election there were, as Jagdish points out, tax advantages of equity investing in the USA.  After the 2020 election tax advantages of shareholder equity investing will largely disappear coupled with new wealth taxes and new taxes on businesses that, combined with newer German-like regulations of corporations, may dry up much of that risk capital in the USA.


The USA, along with the rest of the world, will be moving toward having governments finance risky ventures. This will help financial winners and losers doing social good to become funded with taxpayer dollars, but it also adds layers of inefficient politics, bureaucracy, fraud, and red tape. Exhibit A is the massive fraud that arose with Medicare and Medicaid financing of health care.


What's worse is that the paths of becoming billionaires with inventions and developments will probably destroy much of the innovation that comes along with the former American Dream.


Interestingly, while the American Dream declines the Chinese Dream is roaring.


After 40 years of capitalism, China’s income is divided almost as unequally as America’s ---
China has more billionaires than any other country in the world (and generating more at a higher rate than any other nation) ---


The China Dream:  Rise of the Billionaire Tiger Women from Poverty
"Tigress Tycoons," by Amy Chua, Newsweek Magazine Cover Story, March 12, 2012, pp. 30-39 ---

Like a relentless overachiever, China is eagerly collecting superlatives. It’s the world’s fastest-growing major economy. It boasts the world’s biggest hydropower plant, shopping mall, and crocodile farm (home to 100,000 snapping beasts). It’s building the world’s largest airport (the size of Bermuda). And it now has more self-made female billionaires than any other country in the world.


This is not only because China has more females than any other nation. Many of these extraordinary women rose from nothing, despite living in a traditionally patriarchal society. They are a beguiling advertisement for the New China—bold, entrepreneurial, and tradition-breaking.


Four standouts among China’s intriguing new superwomen are Zhang Xin, the factory worker turned glamorous real-estate billionaire, with 3 million followers on Weibo (China’s Twitter); talk-show mogul Yang Lan, a blend of Audrey Hepburn and Oprah Winfrey; restaurant tycoon Zhang Lan, who as a girl slept between a pigsty and a chicken coop; and Peggy Yu Yu, cofounder and CEO of one of China’s biggest online retailers. None of these women inherited her money, and unlike many of the richest Chinese who are reluctant to draw public scrutiny to their path to wealth, they are proud to tell their stories.


How did these women make it to the top in the wild, wild East? Did they pay a price, either in their family or their professional lives? What was it that distinguished them from their famously hardworking compatriots? As I set out to explore these questions, my interest was partly personal. All four of my subjects lived for extended periods in the West. As a Chinese-American, and now the infamous Tiger Mom, I was curious: how “Chinese” were these new Chinese tigresses?


It turns out that each of these women, in her own way, is a dynamic combination of East and West. Perhaps this is one secret to their breathtaking success.

Zhang Xin is a rags-to-riches tale right out of Dickens. She was born in Beijing in 1965. The next year Mao launched the Cultural Revolution, and millions, including intellectuals and party dissidents, were purged or forcibly relocated to primitive rural areas. Children were encouraged to turn in their parents and teachers as counterrevolutionaries. Returning to Beijing in 1972, Zhang remembers sleeping on office desks, using books for pillows. At 14 she left for Hong Kong with her mother, and for five years she worked in a factory by day, attending school at night.


“I was a miserable kid,” she told me. With her chic cropped leather jacket and infectious laughter, the cofounder of the $4.6 billion Soho China real-estate empire is today an odd combination of measured calculation and warm spontaneity. “My mother drove me in school so hard. That generation didn’t know how to express love.


“But it wasn’t just me. It was all of China. I don’t think anybody was happy. If you look at photos from those days, no one is smiling.” She mentioned the contemporary artist Zhang Xiaogang, who paints “cold, emotionless” faces. “That’s exactly how we all grew up.”

. . .

But the four women I interviewed are a new breed. Progressive, worldly, and open to the media, they are in many ways not representative of China, past or present. Perhaps they are merely the lucky winners of the 1990s free-for-all in China, a window that may already be closing. Or perhaps they are the forerunners of a China still to come, in which paths to success are far more open. Each has found a way to dynamically fuse East and West, to staggering commercial success. It may still be a long way off, but if China can achieve a similar alchemy—melding its tremendous economic potential and traditional values with Western innovation, the rule of law, and individual liberties—it would be a land of opportunity tough to beat.


Updates on Medical Insurance


The good, the bad, and the ugly of England's universal health-care system ---


Open immigration can’t exist with a strong social safety net; if you’re going to assure healthcare and a decent income to everyone, you can’t make that offer global ---
Paul Krugman




Bob Jensen's threads on health insurance ---


Bob Jensen's Tidbits Archives ---

Bob Jensen's Pictures and Stories

Summary of Major Accounting Scandals --- http://en.wikipedia.org/wiki/Accounting_scandals

Bob Jensen's threads on such scandals:

Bob Jensen's threads on audit firm litigation and negligence ---

Current and past editions of my newsletter called Fraud Updates ---

Enron --- http://faculty.trinity.edu/rjensen/FraudEnron.htm

Rotten to the Core --- http://faculty.trinity.edu/rjensen/FraudRotten.htm

American History of Fraud --- http://faculty.trinity.edu/rjensen/FraudAmericanHistory.htm

Bob Jensen's fraud conclusions ---

Bob Jensen's threads on auditor professionalism and independence are at

Bob Jensen's threads on corporate governance are at


Shielding Against Validity Challenges in Plato's Cave ---

·     With a Rejoinder from the 2010 Senior Editor of The Accounting Review (TAR), Steven J. Kachelmeier

·     With Replies in Appendix 4 to Professor Kachemeier by Professors Jagdish Gangolly and Paul Williams

·     With Added Conjectures in Appendix 1 as to Why the Profession of Accountancy Ignores TAR

·     With Suggestions in Appendix 2 for Incorporating Accounting Research into Undergraduate Accounting Courses

Shielding Against Validity Challenges in Plato's Cave  --- http://faculty.trinity.edu/rjensen/TheoryTAR.htm
By Bob Jensen

What went wrong in accounting/accountics research?  ---

The Sad State of Accountancy Doctoral Programs That Do Not Appeal to Most Accountants ---


Bob Jensen's threads on accounting theory ---

Systemic problems of accountancy (especially the vegetable nutrition paradox) that probably will never be solved ---

Bob Jensen's economic crisis messaging http://faculty.trinity.edu/rjensen/2008Bailout.htm

Bob Jensen's threads --- http://faculty.trinity.edu/rjensen/threads.htm

Bob Jensen's homepage --- http://faculty.trinity.edu/rjensen/