Tidbits Political Quotations
To Accompany the June 15, 2021Edition of Tidbits
http://faculty.trinity.edu/rjensen/tidbits/2021/tidbits061521.htm  
         
Bob Jensen at
Trinity University




The Jewish Express:  A Brief History of Antifa: Part I ---
https://www.jewishpress.com/indepth/opinions/a-brief-history-of-antifa-part-i/2020/06/14/

The Jewish Experess:  A Brief History of Antifa:  Part II ---
https://www.jewishpress.com/indepth/opinions/a-brief-history-of-antifa-part-ii-antifa-in-the-united-states/2020/06/24/
Also see
https://www.wnd.com/2020/09/biden-claims-antifa-isnt-real-wnds-free-22000-word-e-book-proves-lying/

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 ---
https://townhall.com/tipsheet/bethbaumann/2021/01/11/watch-antifa-demands-a-local-bookstore-stop-selling-andy-ngos-book-about-antifas-nasty-tactics-n2582974?utm_source=thdaily&utm_medium=email&utm_campaign=nl&newsletterad=01/12/2021&bcid=b16c6f948f297f77432f990d4411617f&recip=17935167
Nobody want to be the target of Antif's's arsonists

Antifa members threaten to 'burn' down DC during Black Lives Matter march ---
https://www.foxnews.com/us/antifa-members-threatens-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 ---
https://thepostmillennial.com/antifa-takes-over-seattle-area-hotel
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 ---
https://www.nytimes.com/2020/08/29/health/coronavirus-testing.html

Supply Chain Complexity:  A dose of the BioNTech/Pfizer vaccine, for example, requires 280 components from multiple countries ---
https://marginalrevolution.com/marginalrevolution/2021/03/supply-chain-sentences-to-ponder.html

My Latest Web Document
Over 700 Examples of Critical Thinking and Illustrations of How to Mislead With Statistics --
-
http://faculty.trinity.edu/rjensen/MisleadWithStatistics.htm

What's Wrong With Wind and Solar? ---
https://www.youtube.com/watch?v=RqppRC37OgI

Electricity prices are already going up because of the 'wasteful, duplicative solar and wind on our grid' Facebook Twitter Comments Print Email ---
https://www.foxbusiness.com/markets/biden-climate-actions-to-jolt-electricity-prices

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 ---
https://www.truthinaccounting.org/about/our_national_debt

Debt to GDP Ratio by Country 2020 ---
https://worldpopulationreview.com/countries/countries-by-national-debt/

Human Population Over Time on Earth ---
https://www.youtube.com/watch?v=PUwmA3Q0_OE 

MIT's Links to Covid-19 Trackers Around the World ---
https://www.technologyreview.com/2020/05/07/1000961/launching-mittr-covid-tracing-tracker/

Johns Hopkins University:  Updated Map and Table on the Number of Coronavirus Cases for Every Nation ---
https://www.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6
Accuracy is subject to wide margins of error for every nation and varies greatly between nations.

Covid019 in New Hampshire ---
https://www.nh.gov/covid19/

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 ---
https://www.wmur.com/article/new-hampshire-coronavirus-map/32009329#
 

Cities such as Los Angeles, Minneapolis, New York City, Portland, Ore., and Austin, Texas, have shifted funds from police departments to social services programs see an spike in violent crime ---
https://www.foxnews.com/us/police-defunded-cities-murders-crime-budget


 

Beautiful News Daily (news and statistics to offset all of today's bad news) ---
https://informationisbeautiful.net/beautifulnews/

 

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

https://www.ted.com/talks/harald_eia_where_in_the_world_is_it_easiest_to_get_rich
 

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.

https://www.theguardian.com/world/2008/jun/12/cuba 

 

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 ---
https://www.theguardian.com/world/2010/sep/09/fidel-castro-cuba-economic-model

 

Cuba lifts ban on most private business to deal with worst economic crisis since the fall of the Soviet Union ---
https://worldnewsera.com/news/finance/cuba-lifts-ban-on-most-private-business/
Socialism Doesn't Work ---
https://reason.com/2021/02/10/socialism-doesnt-work/

 

Nordic Countries are Not Socialist Paradises ---
https://www.theepochtimes.com/a-moms-research-part-1-nordic-countries-are-not-socialist-paradises_3695026.html?utm_source=newsnoe&utm_medium=email&utm_campaign=breaking-2021-02-12-3
Nordic countries are capitalist

 

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

 

How to Fix Economic Inequality? ---
https://www.piie.com/microsites/how-fix-economic-inequality

 

Cuba’s Dubious Miracle ---
https://www.hoover.org/research/cubas-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 ---
https://www.businessinsider.com/life-of-singapore-richest-man-from-welder-to-hotpot-billionaire-2020-1

 

After 40 years of capitalism, China’s income is divided almost as unequally as America’s ---
https://qz.com/1591961/thomas-pikettys-new-research-shows-rising-inequality-in-china/
China has more billionaires than any other country in the world (and generating more at a higher rate than any other nation) ---
https://qz.com/1919974/china-created-a-record-number-of-billionaires-despite-covid-19/

 

A Letter to My Children Regarding Bernie Sanders ---
https://claremontreviewofbooks.com/digital/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) ---
https://www.bloombergquint.com/gadfly/macroeconomic-history-tells-us-to-worry-about-inflation

 

The Bill Is Coming Due for China’s ‘Capitalist’ Experiment ---
https://www.yahoo.com/news/bill-coming-due-china-capitalist-113012069.html
Thanks Wm. Dennis Huber for the heads up

 

What's Wrong With a Wealth Tax?
https://www.manhattan-institute.org/whats-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 ---

https://www.businessinsider.com/worlds-richest-self-made-woman-wu-yajun-net-worth-2019-2

Top 50 Billionaires in China ---
https://en.wikipedia.org/wiki/List_of_Chinese_by_net_worth

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

https://www.ted.com/talks/harald_eia_where_in_the_world_is_it_easiest_to_get_rich

 

Vaccine Politics in Europe Versus America ---
https://marginalrevolution.com/marginalrevolution/2021/01/vaccine-politics-in-europe-and-america.html

 


 

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 ---
Voltaire

 

"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 ---
https://ritholtz.com/wp-content/uploads/2021/01/murderspike.jpg

 

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

https://www.newyorker.com/news/q-and-a/thomas-chatterton-williams-on-race-identity-and-cancel-culture

 

They're Coming to America ---
https://townhall.com/columnists/calthomas/2021/01/21/theyre-coming-to-america-n2583446?utm_source=thdaily&utm_medium=email&utm_campaign=nl&newsletterad=01/21/2021&bcid=b16c6f948f297f77432f990d4411617f&recip=17935167

 

Scientists suggest US embassies were hit with high-power microwaves – here’s how the weapons work
https://theconversation.com/scientists-suggest-us-embassies-were-hit-with-high-power-microwaves-heres-how-the-weapons-work-151730

 

The Guardian:  American classics among most ‘challenged’ books of the decade in US (protesters want them removed from libraries and schools) ---
https://www.theguardian.com/books/2020/sep/28/classics-books-most-often-challenged-and-banned-in-us-banned-books-week-to-kill-a-mockingbird
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 ---
https://marginalrevolution.com/marginalrevolution/2020/09/virginia-fact-of-the-day.html

 

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 ---
https://www.newsweek.com/i-wont-take-see-you-later-granted-148449

 

Biden's $6 Trillion Budget Plan Is Even More Expensive Than It Looks ---
https://reason.com/2021/06/02/bidens-6-trillion-budget-plan-is-even-more-expensive-than-it-looks/

 

Denmark will deport refugees to asylum centres outside EU under latest plans to crackdown on immigration - with successful applicants then staying in the host nation ---
https://www.dailymail.co.uk/news/article-9649041/Denmark-deport-migrants-asylum-centres-outside-EU-plans-crackdown-immigration.html

 

Maryland Passes Law Requiring Publishers to License Ebooks to Libraries Under “Reasonable Terms” ---
https://www.libraryjournal.com/?detailStory=maryland-passes-law-requiring-publishers-to-license-ebooks-to-libraries-under-reasonable-terms

 

Corrupt and Biased IRS Teamed With Unethical ProPublica:  The IRS tax data leak ---
https://marginalrevolution.com/marginalrevolution/2021/06/the-irs-tax-data-leak.html
Also see
https://mises.org/power-market/real-tax-scandal

 

Paul Krugman's 10-Year History of Being Wrong About Bitcoin ---
https://reason.com/2021/06/10/paul-krugmans-10-year-history-of-being-wrong-about-bitcoin/
Paul Krugman hates to admit being wrong about anything

Of course on this issue he may be more right than wrong

 




 


 

Ages of American Capitalism ---
https://marginalrevolution.com/marginalrevolution/2021/06/ages-of-american-capitalism.html
Jensen Comment
It would be interesting to have students compare the "ages of American capitalism" with the increasing complexities of financial contracting and accounting for those contracts such as the history of insurance contracting, mezzanine contracts, and the history of derivative financial instruments as financial risk hedges. The key was the development of markets in those more complex contracts.

 


 

Sustainability --- https://en.wikipedia.org/wiki/Sustainability

NBER:  Sustainability in a Risky World ---
https://www.nber.org/papers/w28899#fromrss

 


 

Why Economics Is Failing Us:  The profession suffers from a lack of boldness and imagination ---
https://www.bloomberg.com/opinion/articles/2021-05-24/why-economics-is-failing-us?sref=Rk9EBXHT

Economics is one of the better-funded and more scientific social sciences, but in some critical ways it is failing us. The main problem, as I see it, is standards: They are either too high or too low. In both cases, the result is less daring and creativity.

Consider academic research. In the 1980s, the ideal journal submission was widely thought to be 17 pages, maybe 30 pages for a top journal. The result was a lot of new ideas, albeit with a lower quality of execution. Nowadays it is more common for submissions to top economics journals to be 90 pages, with appendices, robustness checks, multiple methods, numerous co-authors and every possible criticism addressed along the way.

There is little doubt that the current method yields more reliable results. But at what cost? The economists who have changed the world, such as Adam Smith, John Maynard Keynes or Friedrich Hayek, typically had brilliant ideas with highly imperfect execution. It is now harder for this kind of originality to gain traction. Technique stands supreme and must be mastered at an early age, with some undergraduates pursuing “pre-docs” to get into a top graduate school.

At the same time, the profession is pursuing a kind of “barbells” strategy. On Twitter (and, earlier, blogs), barriers to entry are very low and a Ph.D. is not required. That can be a good thing, but quality checks are extremely weak.

Here’s the dirty little secret that few of my fellow economics professors will admit: As those “perfect” research papers have grown longer, they have also become less relevant. Fewer people — including academics — read them carefully or are influenced by them when it comes to policy.

Continued in article




Updates on Medical Insurance

 

The good, the bad, and the ugly of England's universal health-care system ---
https://theweek.com/articles/789287/good-bad-ugly-englands-universal-healthcare-system

 

Sponsored by California Nurses Association and authored by Assemblymember Ash Kalra, AB 1400 will ensure that all Californians, regardless of employment, income, immigration status, race, gender, or any other considerations, can get the health care they need, free at the point of service ---
https://www.thestreet.com/mishtalk/economics/california-nurses-sponsor-a-bill-mandating-free-healthcare-for-everyone
Jensen Comment
There is no program for funding this massive expense; The expense is unknown, because it there's no way of knowing how many chronically ill people in the other 49 states will flock to California for free medical care, let alone how many chronically ill people in the world will flock to California under the Biden-Harris open borders plan. How can California offer free medical care and long-term nursing care to everybody that's now available in the USA only for the poor who are eligible for Medicaid? Free medical care alone could easily bankrupt the State of California in the first year of implementation.
California does not have the medical care capacity to provide free medical care to all the people that will flood California seeking free medical care.

 

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
https://www.goodreads.com/quotes/724654-open-immigration-can-t-exist-with-a-strong-social-safety-net

 

COMMON SUBSTANCE USE DISORDERS (DRUG ADDICTION) ---
https://www.addictiongroup.org/resources/faq/sud/

 

Bob Jensen's threads on health insurance ---
http://faculty.trinity.edu/rjensen/Health.htm

 




Bob Jensen's Tidbits Archives ---
http://faculty.trinity.edu/rjensen/tidbitsdirectory.htm 

Bob Jensen's Pictures and Stories
http://faculty.trinity.edu/rjensen/Pictures.htm

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 ---
http://faculty.trinity.edu/rjensen/Fraud001.htm

Current and past editions of my newsletter called Fraud Updates ---
http://faculty.trinity.edu/rjensen/FraudUpdates.htm

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 ---
http://faculty.trinity.edu/rjensen/FraudConclusion.htm

Bob Jensen's threads on auditor professionalism and independence are at
http://faculty.trinity.edu/rjensen/Fraud001c.htm

Bob Jensen's threads on corporate governance are at
http://faculty.trinity.edu/rjensen/Fraud001.htm#Governance 

 

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

·     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?  ---
http://faculty.trinity.edu/rjensen/theory01.htm#WhatWentWrong

The Sad State of Accountancy Doctoral Programs That Do Not Appeal to Most Accountants ---
http://faculty.trinity.edu/rjensen/theory01.htm#DoctoralPrograms

AN ANALYSIS OF THE EVOLUTION OF RESEARCH CONTRIBUTIONS BY THE ACCOUNTING REVIEW: 1926-2005 ---
http://faculty.trinity.edu/rjensen/395wpTAR/Web/TAR395wp.htm#_msocom_1

Bob Jensen's threads on accounting theory ---
http://faculty.trinity.edu/rjensen/theory01.htm

Systemic problems of accountancy (especially the vegetable nutrition paradox) that probably will never be solved ---
http://faculty.trinity.edu/rjensen/FraudConclusion.htm#BadNews

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/