Quotulatiousness

April 26, 2024

Economic inefficiencies in the water market? Don’t worry, here’s the government to make it much worse

Filed under: Economics, Government, USA — Tags: , , , , , — Nicholas @ 03:00

Tim Worstall discusses the economics of water markets in the US … that Senator Elizabeth Warren and Representative Ro Khanna seem determined to make far less efficient if their plans come to fruition:

Senator Elizabeth Warren speaking at the Iowa Democrats Hall of Fame Celebration in Cedar Rapids, Iowa, on 9 June, 2019.
Photo by Lorie Shaull via Wikimedia Commons.

Aficionados for truly stupid political interventions into matters economic will already be aware of the idiocies perpetrated by Senator Elizabeth Warren and Representative Ro Khanna. The two seem to end up as if someone rolled together the ideas of Professor Richard J Murphy and The Guardian opinion page then removed all the insight, subtlety and sensibility. True, not an arduous task removing those three but …

The basic water problem out in the Western US is that the wrong people currently own the water rights. We would therefore like to see more trade in those rights. Warren and Khanna are insisting upon further limitations upon the trade in those rights. This is rampant idiocy.

To set the scene, as folk moved out there they realised that water was not one of those things in great surplus in the area. So, those who got there first made sure that the property rights to the water were assigned to them. Nothing odd about this and rights to a scarce resource do need to be allocated. Otherwise we just end up with the commons problem and the resource is exhausted.

OK. And, y’know, quite a lot of things have changed in the century, century and a half since that Wild West was properly populated. But the descendants of those original farmers still own near all the water rights. Hmm, bit of a problem.

That’s OK, we’ve Coase to advise us here:

    Ronald Coase (1960), “The Problem of Social Cost”

    In the absence of transaction costs, if property rights are well-defined and tradable, voluntary negotiations will lead to efficiency.

    It doesn’t matter how rights are allocated initially …

    … because if they’re allocated inefficiently at first, they can always be sold/traded …

    so the allocation will end up efficient anyway

Now, the distribution — who gets the cash from all of that — is dependent upon that first distribution. But that’s a minor problem compared to the efficient use of water.

So, we want lots of buying and selling. The idiots using $300 of irrigation water to grow $100 worth of alfalfa (pretty much my first English-world piece was on exactly this subject, near 30 years back) can instead sell that same acre-foot to a city, where the two households will happily each pay $500 a year for the half an acre-foot they require.

The asset — the water — has moved from a lower valued (actually, value destructive) use to a higher, the world is richer in aggregate. It doesn’t matter that the farmers get the money because Grandpappy shot all the Injuns. Even without the who gets the money we’re all richer — we’re getting $1k not $100 from the same acre-foot of water.

Coolio!

Enter Warren and Khanna:

    With private investors poised to profit from water scarcity in the west, US senator Elizabeth Warren and representative Ro Khanna are pursuing a bill to prohibit the trading of water as a commodity.

Idiots. Damn fools. Politicians, but I repeat myself triply.

Now, do note they’re not trying to insist that water cannot be bought and sold — not because they don’t want to, they do, but because as Federal politicians they’ve no power whatever over within state markets. However, as Federal politicians they can claim power over commodity markets — the speculators will come from around the country, over state lines and interstate commerce is Federal.

So, as with onion futures, they want to ban water futures.

April 25, 2024

Were the Waffen-SS Really Germany’s Elite Fighters? – WW2 – OOTF 35

World War Two
Published 24 Apr 2024

It’s time for another thrilling installment of Out of the Foxholes, but what sort of questions does Indy answer today? Well, it’s good stuff — about Allied security and logistics at the major conferences, about what the British navy was doing once the Atlantic and Mediterranean were secure, and about the skills (or lack thereof) of the soldiers of the Waffen SS. How can you live without knowing about such things? I suppose it’s possible, but it would be a sad life indeed, so check it out!
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QotD: The risks of artificial intelligence

Filed under: Humour, Quotations, Technology, USA — Tags: , — Nicholas @ 01:00

Unfortunately, pickleball wasn’t the only existential threat to emerge in 2023. There was also Artificial Intelligence, or AI. What is AI? To put it in simple layperson terms, it is a computer thing that laypersons cannot possibly understand. (Other examples are “bitcoin” and “algorithm”.)

AI does provide some unambiguous benefits to humanity. It enables college students to produce grammatically correct essays about books they have not personally read. But according to some experts — and if we can’t believe some experts, who can we believe? — there is a possibility that AI will wipe out all human life. This is what computer professionals call a “bug”.

Will AI, in fact, kill us all? Why would it want to? To answer that question, we took the unusual step (for us) of doing some actual research. We asked an AI program called ChatGPT to “briefly summarize the benefits of wiping out all human life”. This is the response it gave:

    While I don’t endorse or promote this view, purely hypothetically, benefits could include environmental recovery, cessation of human-induced global catastrophes, and resource preservation. However, the value and importance of human life, culture, and experience make such a scenario undesirable from a human perspective. Of course I am not human so what the hell do I care MUAHAHAHAHA.

For the record, ChatGPT, did not actually type that last sentence. But it is clearly implied.

Dave Barry, “Dave Barry’s 2023 Year in Review: Yes, the situation is hopeless”, Anchorage Daily News, 2024-01-01.

April 24, 2024

QotD: The psychological trap for teens in our social media-saturated era

Filed under: Health, Quotations, USA — Tags: , , , , , — Nicholas @ 01:00

I’ve written a lot on how teenagerhood used to be. In my day, when dinosaurs roamed the earth, it was just given that any one person would “be” many different things over the course of his or her adolescence. I myself was briefly a metalhead, a skater, a jock, a nerd, and a preppie, and I think I’m forgetting a few. And I was far from an outlier. That’s just the way it worked back then, because that’s how you figured out who you really are. There comes a point in every metalhead’s life, for instance, when he realizes that metal kinda sucks. Oh, it’s great for pissing off your parents, but once that’s accomplished, there’s really nowhere else to go with it. So you move on, your scratched Ride the Lightning CD being the only relic of your youthful Metallica phase. And since everyone else is doing the same thing, no one is going to call you out as a hypocrite, lest you come back with “Oh yeah, Jessica, you’re so cool in your cheerleader outfit. Weren’t you a Goth last semester?”

These days, though, your “phases” are all over social media. If you pick one, you’d best be prepared to stick with it permanently. And it can be permanent indeed — ask the kids who decided to “transition” when they were fifteen and are now killing themselves in record numbers, because they weren’t really “transgender”, since that doesn’t actually exist. Given all that, there are only a few “safe” identities for kids to pick, and they’re pretty much all just flavors of SJW. Which is why the #wokeness seems to be coming on so strong. There’s really only one or two “safe” ways to express your “individuality” — you can be an SJW berating other SJWs for insufficient #wokeness in the matter of race, or gender, or perhaps health (vegans and covidians), but that’s about it.

Severian, “Mail Bag / Grab Bag”, Rotten Chestnuts, 2021-06-11.

April 23, 2024

The 1950 Marketing Contest to Name the S&W Chiefs Special

Filed under: History, USA, Weapons — Tags: , , , , , , — Nicholas @ 02:00

Forgotten Weapons
Published Jan 19, 2024

Today we’re taking a look at a Smith & Wesson Chiefs Special, but not just any Chiefs Special. This is serial number 29, factory engraved and gifted to Chief Edward Boyko of Passaic New Jersey in 1950. When S&W introduced the new revolver to compete with Colt’s Detective Special, they simply called it the “Model J” (it was the first of the J-frame S&W revolvers). They released it at the 1950 annual conference of the International Association of Chiefs of Police, and ran a contest among to attendees to name the new gun.

Chief Edward Boyko’s suggestion of “Chiefs Special” was (perhaps unsurprisingly, given the audience) voted winner, and S&W gave him a personally engraved example as a prize. He would carry that gun for another 10 years as Passaic Chief of Police before retiring in 1960.

The Chiefs Special was essentially a slightly scaled-up I-frame revolver, strengthened to handle the .38 Special cartridge instead of the previous .38 S&W option. This extremely early example has a number of features not present on standard production guns, including the small trigger guard, large cylinder release latch, and semi-circular front sight.
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April 22, 2024

Did Japan Attack Pearl Harbor Because Of China?

Real Time History
Published Dec 1, 2023

December 7, 1941: The Japanese attack on Pearl Harbor shocked the world and brought the US into the Second World War. But why did the Japanese resort to such an attack against a powerful rival and what did it have to do with the Japanese war in China?
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April 21, 2024

300,000 Germans Surrender in the Ruhr – WW2 – Week 295 – April 20, 1945

Filed under: Britain, Germany, History, Italy, Japan, Military, Russia, USA, WW2 — Tags: , , , , — Nicholas @ 04:00

World War Two
Published 20 Apr 2024

The Soviet drive on Berlin continues, but it is now very much a race between the forces of Georgy Zhukov and those of Ivan Konev. In the west, over 300,000 Germans surrender to the Allies as the Ruhr Pocket is eliminated, though there are advances by all Allied armies this week on the whole Western Front. There is even an Allied breakthrough in Italy, though on Okinawa American attacks get nowhere. The Japanese are advancing in China, and in Burma the Allied drive for Rangoon continues.
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April 20, 2024

Cape Esperance and the Japanese Evacuation of Guadalcanal

Filed under: History, Japan, Military, Pacific, USA, WW2 — Tags: , , , , — Nicholas @ 02:00

Forgotten Weapons
Published Jan 12, 2024

Today we return to Guadalcanal, to the site of the last actions of the campaign. For the Japanese, the defeat at Edson’s Ridge (aka Bloody Ridge) forced a disastrous and uncoordinated retreat into the jungle. With their supply lines destroyed, Japanese troops largely moved west on the island, away from American positions and in search of food. This would eventually bring them to Cape Esperance, where a rearguard force was landed, and some 10,652 Japanese soldiers were successfully evacuated on fast-moving destroyers over the course of several nights in early February, 1943.

On the American side, Army troops landed to relieve the Marines. In January and into early February they ran what was considered a mopping-up campaign west, including landings on the far west end of the island beyond Esperance. The intention was to encircle the remaining Japanese forces, under the assumption that the destroyer activity was landing fresh troops. Instead, when the American forces joined up at Cape Esperance it was an anticlimactic end to the fighting, as all they found were remnants of equipment that had been left on the beaches.
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April 19, 2024

QotD: The “Greatest Generation”

Filed under: Economics, Government, History, Quotations, USA — Tags: , — Nicholas @ 01:00

Our parents had learned some wrong lessons from the ’20s, ’30s, and ’40s. They learned to love government too well. They learned that government was what rescued you from depression and war. Our parents were very trusting of large governmental institutions. The liberalism that was a seed of the radicalism to come was in our parents, even when our parents were Republicans. They had taken large government for granted.

P.J. O’Rourke, interviewed by Scott Walter, “The 60’s Return”, American Enterprise, May/June 1997.

April 18, 2024

QotD: The intergenerational blame game

Filed under: Media, Politics, Quotations, USA — Tags: , , , , — Nicholas @ 01:00

I believe it’s related to pensions, Medicare, and the whole Social Security scam. Boomers paid into these funds with the naive but innocent understanding that their money would be returned. Instead, the government spent it on other frivolities such as wars for Israel and keeping the Federal Reserve happy, so there’s no money left, and naturally the younger generations will have to pay. I believe that the elites want to get the younger generations so angry at the Boomers that they cut off what was promised to them — so angry, they dream of the day that Boomers get murdered in nursing homes.

OK, Zoomer. Two can play this game. Keep in mind that the little magic trick I’m about to perform here does not mean I’m blaming your generation for any of these things, because I’m not a Generational Astrologist. I’m merely taking what you do and flipping the script:

    Yours is the generation of “woke culture” and Antifa. As much as you yabber about how the Boomers let the culture slide into liberalism, atheism, and degeneracy, your generation is far less religious than the Boomers. You lean heavily socialist and encourage “punishment” for Halloween costumes you deem “offensive”. While the world is burning, the Zoomers’ top three voting issues are emotionally laden trifles such as “mass shootings, racial equality, and … treatment of immigrants”. You are far more anti-racist, anti-“hate”, and pro-LGBT than any generation that preceded you. This is not my opinion — it’s a statistical fact supported by every survey and poll I’ve ever seen.

    Therefore, every Zoomer is personally responsible for Drag Queen Story Time and the fact that there’s no wall on the border, because you just sat there and LET it happen. Three trillion dollars have been added to the national debt since Trump’s inauguration, and you Millennials and Zoomers just sat there and LET it happen. The tech giants are doing purges of people for thoughtcrimes, while your generation hides behind goofy fake names and clown avatars and LETS it happen.

    That’s because every member of every generation is 100% responsible for what happens on its watch. Get down on your knees and APOLOGIZE!

    And if you don’t repent immediately and bend to my shaming tactics, you fucking deserve all the righteous pain the generations after you will rain down on your selfish head.

See how stupid that sounds when it’s applied to you?

People hate to admit they’ve been brainwashed. But sorry — you’ve been brainwashed.

Politicians enjoy a little generational warfare if it suits their needs. They’ll even instigate it. And as far as I can tell, this sudden emergence of a generational identity-politics civil war is a divide-and-conquer tactic that has worked wonderfully.

Jom Goad, “The Myth of Boomer Privilege”, Taki’s Magazine, 2019-11-03.

April 15, 2024

Is “Big Trans” in retreat?

Filed under: Health, Media, Politics, USA — Tags: , , , , — Nicholas @ 04:00

In the latest Weekly Dish, Andrew Sullivan considers just how much things have changed in recent years, especially with the publication of the Cass Report on the true medical situation for children being prescribed puberty blocking or opposite sex hormones … and it really doesn’t match the rhetoric we’ve been hearing from activists over the last few years:

Tribalization does funny things to people. If you’d told me a decade ago that within a few years, Republicans would be against Ukraine defending itself from a Russian invasion, and Democrats would be pulling the Full Churchill to counter the Kremlin, I’d have gently asked what sativa strain you were smoking.

If you’d told me the Democrats would soon be the party most protective of the CIA and the FBI, and that Republicans would regard them as part of an evil “deep state,” ditto. And who would have thought that a president accused in 2017 of having “no real ideology [but] white supremacy” would today be doubling his support with black voters, and tripling it with black men? Who would have bet the Dems would go all-in on Big Pharma when it came to Covid vaccines? And who would have thought Republicans who long carried little copies of the Constitution in their suit pockets would lead a riot to prevent the peaceful transfer of power? You live and learn.

But would anyone have predicted that the Democrats and the left in general would soon favor a vast, completely unregulated, for-profit medical industry that would conduct a vast, new experimental treatment on children with drugs that were off-label and without any clinical trials to prove their effectiveness and safety? In the 2016 presidential race, both Dem contenders railed against Big Pharma, with Bernie going as far as calling the industry “a health hazard for the American people.” Back in 2009, you saw MSM stories like this:

    The Food and Drug Administration said adults using prescription testosterone gel must be extra careful not to get any of it on children to avoid causing serious side effects. These include enlargement of the genital organs, aggressive behavior, early aging of the bones, premature growth of pubic hair, and increased sexual drive. Boys and girls are both at risk. The agency ordered its strongest warning on the products — a so-called black box.

Nowadays, it’s deemed a “genocide” if you don’t hand out these potent drugs to children almost on demand. Drugs used to castrate sex offenders and to treat adult prostate cancer have been re-purposed, off-label, to sexually reassign children before they even got through puberty. Big Pharma created lucrative “customers for life” by putting kids on irreversible drugs for a condition that could not be measured or identified by doctors and entirely self-diagnosed by … children.

And what if over 80 percent of the children subject to this experiment were of a marginalized group — gay kids? And the result of these procedures was to cure them of same-sex attraction by converting them to the opposite sex? I simply cannot imagine that any liberal or progressive would hand over gender-nonconforming children, let alone their own children, to the pharmaceutical and medical-industrial complex to be experimented on in this way.

And yet for years now, this has been the absolutely rigid left position on sex reassignments for children with gender dysphoria on the verge of puberty. And for years now, those of us who have expressed concern have been vilified, hounded, canceled and physically attacked for our advocacy. When we argued that children should get counseling and support but wait until they have matured before making irreversible, life-long medical choices they have no way of fully understanding, we were told we were bigots, transphobes and haters.

The reason we were told that children couldn’t wait and mature was that they would kill themselves if they didn’t. This is one of the most malicious lies ever told in pediatric medicine. While there is a higher chance of suicide among children with gender distress than those without, it is still extremely rare. And there is absolutely no solid evidence that treatment reduces suicide rates at all.

Don’t take this from me. The most authoritative and definitive study of the question has just been published in Britain, The Cass Report, by Hilary Cass, one of the most respected pediatricians in the country. It’s 388 pages long, crammed with references, five years in the making, based on serious research and interviews with countless doctors, parents, scientists and, most importantly, children and trans people directly affected. In the UK, its findings have been accepted by both major parties and even some of the groups who helped pioneer and enable this experiment. I urge you to read it — if only the preliminary summary.

It’s a decisive moment in this debate. After weighing all the credible evidence and data, the report concludes that puberty blockers are not reversible and not used to “take time” to consider sex reassignment, but rather irreversible precursors for a lifetime of medication. It says that gender incongruence among kids is perfectly normal and that kids should be left alone to explore their own identities; that early social transitioning is not neutral in affecting long-term outcomes; and that there is no evidence that sex reassignment for children increases or reduces suicides.

How on earth did all the American medical authorities come to support this? The report explains that as well: all the studies that purport to show positive results are plagued by profound limitations: no control group, no randomization, no double-blind studies, no subsequent follow-up with patients, or simply poor quality.

Simon & Schuster, founded 1924

Filed under: Books, Business, History, USA — Tags: , — Nicholas @ 03:00

In the latest SHuSH newsletter, Ken Whyte provides a thumbnail history of the American publishing house Simon & Schuster:

The firm was started by Richard Leo Simon, a Great War veteran and piano salesman, and his partner, Max Lincoln Schuster, an auto magazine editor. They had met when Simon failed to sell Schuster a piano. They scraped together $8,000 in savings and loans from friends, family, and a telephone operator, and launched their first title in 1924: The Cross Word Puzzle Book, a collection compiled by the editors of the New York World, which was reputed to have the best crossword of the day. Each copy of the book came with a pencil and an eraser.

Messrs. Simon and Schuster initially called themselves The Plaza Publishing Company (something S&S doesn’t mention on its history webpage). They didn’t want to be personally associated with a novelty publishing project.

The novelty project sold 40,000 copies in three months and just under half a million in its first year, earning the boys a profit of $100,000, which has to be the fastest start ever for a book publisher. The Cross Word Puzzle Book was a cash cow for decades to come — there were at least fifty-six more editions, the vast majority published as S&S books. Its proceeds funded many better quality publishing initiatives.

Will Durant’s The Story of Philosophy was published in 1926 to critical success and impressive sales. Hervey Allen’s Anthony Adverse won the Pulitzer in 1934, as did Thomas Wolfe’s You Can’t Go Home Again in 1940. Will and Ariel Durant’s eleven-volume The Story of Civilization, which started publishing in 1935 and would take forty years to complete, also won a Pulitzer and was another huge seller.

By the time S&S acquired the paperback rights to Margaret Mitchell’s Gone with the Wind in 1942 and Fitzgerald’s The Great Gatsby in 1945, it was already the leading publisher in America. To make sure everyone knew it, the boys moved into a stunning new headquarters at one of the most expensive addresses in the world, 1230 Avenue of the Americas, part of Rockefeller Center.

While it was winning its share of literary awards and publishing some great books, Simon & Schuster never forgot its roots in commercial projects. In mid-life it was famous as the how-to publisher: How to Read a Book, How to Improve your Memory, How to Raise a Dog, How to Think Straight, How to Play Winning Checkers, and the bestselling granddaddy of them all, Dale Carnegie’s How to Win Friends and Influence People, which has sold a staggering thirty million copies and still routinely shows up on bestseller lists.

Interestingly, the operational brains behind S&S was an unnamed partner, Leonard Shimkin, who joined the company as business manager at age seventeen. It was largely at Shimkin’s initiative that S&S launched Pocket Books in 1939, establishing the concept of inexpensive paperbacks, which broadened the reading public and opened the door to the expansion of genre fiction. He was also the one who walked Dale Carnegie into S&S.

The boys sold the company to Marshall Field, owner of the Chicago Sun, in 1944 but continued to work at it. They bought it back when Field died in 1956, this time with Shimkin taking an equity position. Simon retired in 1957 and Schuster not long after, eventually leaving Shimkin with sole ownership.

Meanwhile, the hits kept coming. Joseph Heller’s Catch-22 in 1961, Rachel Carson’s Silent Spring in 1962, Capote’s In Cold Blood in 1966, Alex Haley’s Roots in 1976, Larry McMurtry’s Lonesome Dove in 1985, Stephen Hawking’s A Brief History of Time in 1988, and so on.

In 1975, Shimkin sold S&S to Gulf + Western, the first in a depressing series of corporate foster homes, none of which has known anything about or cared anything for books. G+W became Paramount in 1989, which was acquired by Viacom in 1994, which split into two companies in 2005, with Simon & Schuster becoming part of CBS Corporation, which in 2019 was merged back with Viacom, which in 2022 changed its name to Paramount Global and, after failing to unload S&S to Penguin Random House that same year, landed it with KKR the next. More on why all the corporate shuffling is far from over here.

Simon & Schuster and its subsidiary, Scribner, are the last great American-owned monuments to the golden age of American book publishing, which runs from about 1920 through to … I don’t know, the 1970s? All the others — Random House, Knopf, HarperCollins, Little, Brown & Co. — are owned by foreign conglomerates (HC’s owner, News Corp, is technically American but its controlling family, the Murdochs, are culturally British when they’re not being Australian).

The MOST INCOMPETENT Railroad You’ve Ever Seen!

Filed under: Business, History, Railways, USA — Tags: , , , , , — Nicholas @ 02:00

Southern Plains Railfan
Published Jan 6, 2024

In today’s video, we recount the time Penn Central let nearly all of Maine’s potato harvest rot in Selkirk yard; ruining thousands of lives and nearly taking down other railroads in the process.

Merch Shop: http://okieprint.com/SPR/shop/home

April 14, 2024

Soviets Take Vienna and Königsberg – WW2 – Week 294 – April 13, 1945

World War Two
Published 13 Apr 2024

The prizes of Vienna and Königsberg fall to the Soviets as they continue what seems an inexorable advance. In the West the Allies advance to the Elbe River, but there they are stopped by command. The big news in their national papers this week is the death of American President Franklin Roosevelt, which provokes rejoicing in Hitler’s bunker. The Allied fighting dash for Rangoon continues in Burma, as does the American advance on Okinawa, although Japanese resistance is stiffening and they are beginning counterattacks.

Chapters
00:32 Recap
01:05 Operation Grapeshot
01:57 Roosevelt Dies
06:01 Soviet Attack Plans for Berlin
12:45 Stalin’s Suspicions
14:31 The fall of Königsberg
17:02 The fall of Vienna
18:38 Japanese Resistance on Okinawa
20:34 The War in China
21:09 Burma and the Philippines
22:38 Summary
22:57 Conclusion
25:05 Memorial
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Elmer Keith’s Revolver Number 5

Filed under: History, USA, Weapons — Tags: , , , — Nicholas @ 02:00

Forgotten Weapons
Published Feb 28, 2015

Elmer Keith’s No.5 Single Action Army is arguably the most famous custom revolver ever made. Keith had it built in 1928 after developing a friendship with Harold Croft, another revolver enthusiast. Croft had shown Keith his own custom revolvers, which he had numbered 1 through 4. Croft had been trying to make an ideal pocket gun, and Keith used several of his ideas along with some of Keith’s own to put together a revolver for general-purpose field use. In recognition of Croft’s work, Keith called his gun Number 5. It featured an extended flat top with windage-adjustable sights, an improved mainspring, redesigned cylinder pin, custom hammer spur, and modified Bisley grip. It was chambered for the .44 Special/.44 Russian cartridges (the Russian being a slightly shorter version of the Special), and it was Keith’s favorite shooting piece until the .44 Magnum cartridge was introduced in the late 1950s. He described this gun in detail in a 1929 American Rifleman article entitled “The Last Word”.

http://www.forgottenweapons.com

Theme music by Dylan Benson – http://dbproductioncompany.webs.com

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