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 --- |
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/