Category Archives: Economics

The Electric Kool-Aid Acid Car

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Last week the Chinese announced what could be a great leap forward in electric car technology when the Chinese firm BYD announced a five-minute charger. They claim their new technology, it is not just a charger but a battery system as well, will allow a driver to get a 250-mile charge in just five minutes. No one knows if this is true, as Chinese companies are almost as dishonest as American media. Even if it is an exaggeration, it could still be a big deal.

The reason this is viewed as a potential game changer is that it is assumed that the main obstacle to widespread adoption of EV’s is the long recharge. It is unreasonable to expect people to take an hour to recharge when on a road trip. Even a thirty-minute recharge time is unappealing. Decades of needing just a few minutes to fill the tank have conditioned people to expect it. Getting EV technology to this point, therefore, is assumed to be the final boss in the game.

That is not true, but the faithful believe it. The main problem with EV’s is that they do not solve a problem. They are a solution in search of problem and so far, the problems they claim to solve have proven to be either nonsense or grotesque boondoggles executed by the worst people in society. Making the weather potato happy is not motivating anyone to buy an electric car, especially when the total cost of ownership remains significantly higher than conventional vehicles.

The electric car is a lot like the electric book in that the engineering challenges somehow blind the proponents to the central problem. Technology is not an end in itself, but a means to an end. Electronic messaging has displaced written letters because the former is better, cheaper, and faster than the latter. If email came with a small risk of electrocution, we would still be writing letters. If every email cost a dollar to send, there would be no such thing as email.

That was the problem with eBooks. They were not better in any way that mattered to people, and they were not cheaper. There were some advantages, like speed of acquisition and the availability of obscure texts. You could also load up on out of copyright material at a pittance. The trouble is not many people need ready access to Summa Theologica, so these advantages made little difference. It is why the old-fashioned book remains dominant.

The same problem plagues the electric car. For ninety percent of drivers, the car is a practical way to move humans from one place to another. Current technology does that as well as anyone could need. Therefore, the new technology is simply trying to match what the old technology does. Outside of enthusiast and technologists, the electric car will always be pointless. Add in the expense and it becomes an expensive solution to a cheaply solved problem.

There are other reasons why the electric car will remain a niche item. The biggest is the cost, which can never be overcome. The cost of powering an electric car is about three times that of powering a normal car. This is despite the fact that we subsidize electricity in America, and we artificially increase the price of gas and diesel. Strip away the policy choices and electric cars have no market. Natural gas-powered cars would have far more promise as an alternative.

Then there is the cost of production and disposal. For generations old cars have been sent to the scrap yard to be stripped for parts and recycled. We have become amazingly good at recycling our cars. Electric vehicles require special handling due to the batteries. Of course, the cost of production is much higher, even with government subsidies all along the way. Then there is the added cost to the power grid that comes in once adoption reaches a certain point.

Enthusiasts insist that all of this is wrong or can be addressed, but the point here is that the charge time is the least of their worries. If the EV was better, faster, and cheaper than regular cars, the charge time would be ignored. The truth is they are not better in any important ways, they are certainly not cheaper. The electric car is certainly faster, but outside the enthusiast niche, this does not matter and what we see is that it does not matter to the sports car enthusiast either.

Now, of course, there is a new problem. The electric car is not cool. It was never really a cool car, but the beautiful people embraced the idea, so that provided the necessary social proof for upper-middle-class white people. The trend setters are now vandalizing Tesla’s, so the cool factor is gone. In fairness, the novelty was wearing off before the kooks took aim at Elon Musk, but now the coolness is gone. The ridiculous looking cyber truck did not help either.

The bigger issue may be a social one. Cars in general, but electric cars, in particular, make the “owner” into a serf. Fixing your own car is now an expensive proposition, meaning you need to depend on the repair system. This is deliberate. Car dealerships make more profit from the repair of cars than the sale of them, so the game is to make the owner dependent on the dealer. Electric cars are the worst for this as they are terrifyingly dangerous to repair.

The most terrifying part is you may not even own the car. You pay for it and have the title, but features are increasingly dependent on the manufacture agreeing with your lifestyle and political choices. Tesla can disable your car remotely. Other car makers are going down this same path. Soon, features like heated seats will be software as a service, meaning you must get permission to use them. The electric car is the face of this dystopian future of man and machine.

None of this means the electric car is dead. There is a place for the technology, just as there is a niche for eBooks. The developers churning out corporate housing projects could install fast charging stations for the soulless automatons who move into these God-forsaken eyesores. Urban areas could be a good use for electric microcars that only go short distances. Young people could also benefit from cars that can be speed limited and tracked at all times.

In the end, the electric car is going to follow the path of other clever engineering projects in that its primary benefit is secondary. The quest for the electric car has made batteries much better. The hunt for new features to justify the cost premium has led to better electronics, information displays and safety features. The dangers of disposal have been a good lesson in reality. The cars themselves may be niche items, but the industry will have benefitted from the exercise.

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The New Deal Bookend

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The assault on the Blob has taken up most of the attention in Washington, along with the reproachment with Russia, but the biggest item on the Trump agenda is the restructuring of the American economy. If you listen to what Trump says when asked about what has been happening thus far, it often circles back to the economy and how he imagines it to be after his changes. The thing is no one in the media follows up on it so Trump is never asked about that end goal.

There were some hints in the Russia coverage. One of the participants from the Russian side was the head of their sovereign wealth fund. This is something Trump has said he wants to create for the American government. A sovereign investment fund is a state-owned investment fund that does the same things a private investment fund, except it also has an eye on policy. A sovereign wealth fund acts as an additional level in both foreign and domestic policy.

This is not a thing you typically see in the West, as the Western economic model is built on the assumption that the government should not meddle in markets. This is a big lie, of course, as Western governments regulate everything. The thing is the regulations are dictated by the market makers through the miracle of regulatory capture, so the political class has limited control of the regulations. A sovereign wealth fund would put the political class on an even footing with the market makers.

That brings us back to the administrative state and the Blob that has consumed it over the last thirty years. In theory it regulates the economy in the interests of the people, but in reality, it has been a conduit so that the parasites within the blob can suck the blood, as in money, from the system. That money is used to maintain control of the host and launch projects abroad. Trillions are sent into the system, but what comes out does not make any sense to anyone, even the people inside it.

Take the Department of Education, for example. It was organized under Jimmy Carter for the purpose of housing all educational programs under one agency. Today it has a quarter trillion-dollar budget and employs 3900 people. Now, that does not mean those employees have a sixty-million-dollar salary. Most of the money gets sent to the states via grants and subsidies. Put another way, a tiny number of people in Washington dictate education policy to the country through this agency.

Trump has ordered its dismantling, but it is not about the money. Pell Grants, for example, are not going away yet. They would be shifted to another agency and eventually either automated or killed off by Congress. The reality is things like Pell Grants are a subsidy to colleges and universities, not students. All government subsidies end up in the pockets of the industry getting the subsidy. If you create grants for buying BMW’s, then BMW raises its prices by the amount of the grant.

From the Trump perspective, the federal government meddles in the economy far too much, but even worse, it meddles in the wrong things, while at the same time it ignores the big things that it should be managing. The federal government spends hundreds of billions subsidizing colleges and universities but ignores the bizarre trade relations we have with Canada and Mexico. In other words, Trump-o-nomics is not rebranded conservatism or libertarianism. It is a radical reordering of priorities.

One way to think of what Trump has in mind is the corporate model, but the start-up variety rather than the late stage decline model. American Inc. is an aging company like IBM that is bogged down in old rules and old thinking. It survives, not on making new and better products, but on the proceeds of past success. If you were to revitalize IBM, you would strip out the good stuff into a new company and hand it to smart people and leave the old stuff to the investors.

That is the goal of the Trump program. The new model for American Inc. is to be like a startup where the people running it, the Executive branch, set the general goals and the broad operational outlines, but the people inside of it, the states, business, and the people, are left to figure out the rest. Things like tariffs, global trade deals and the sovereign wealth fund are tools for setting the broad agenda and correcting imbalances that arise inside the economy.

Anyone familiar with startups or growth companies knows that the enemy of growth and innovation is management. In the 1990’s, for example, ambitious people would see the hiring of human resources people as a sign to move onto the next startup, because they understood that human resources were the death of innovation. The assault on the Blob, therefore, is like the termination of the human resources, diversity, and training departments of a struggling corporation.

There is much more to this, but the thing to take away is that what is happening is just the small setup parts for a larger reshaping of the economic order. Those meetings with the Russians are more about economics than war. In fact, you already hear the change in language regarding Ukraine away from ideology and to economics. For Trump and America Inc., Ukraine is a bad business deal. The goal now is to bring it to a quick close and claw back some of the money.

In this regard, the Trump era may one day be seen as the bookend to the New Deal era that gave rise to the managerial state. It has been lost to the need to recast the New Deal to fit modern narratives, but the FDR people were inspired by what was happening in Europe at the time. This is what gave Burnham the inspiration to write the book, The Managerial Revolution. The irony of the man they swear is Hitler bringing to an end a system partially inspired by Hitler should not go unnoticed.

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The Great Economic Shakeup

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Imagine a society made up of farmers who produce what they need to live but also trade extra to one another for things they do not produce. This is not the most efficient society, but as long as everyone is self-sufficient, it works. At the minimum, each farm produces enough food for the family, even in lean years. Perhaps like the Amish, they voluntarily come together on larger projects that are shared by everyone and individual projects that require a lot of hands.

One day, someone comes along with an offer to one of the farmers. Instead of that farmer trading with the other farmers, this stranger will buy the excess for what the farmer wants in trade. He makes this deal with other farmers and before long he makes his living as the middleman. He does the trades between the farmers, keeping a little extra for himself in the process. Before long there are others doing similar and they all live in what they call town.

Now, imagine all the farmers decide to quit farming altogether and move to town to be traders and merchants. Obviously, that cannot work as now there are no farmers to produce the things the traders are trading, and the merchants are selling. Some of the farmers can quit, but not all. Additionally, some can begin to specialize to the point where they are no longer self-sufficient. They now rely on the traders and merchants in town to get the things they need to live.

In other words, the original model works just fine, but it is not efficient. The farmers are all just above the sustenance line. The introduction of middlemen makes for more efficient use of farm labor, so everyone can do a little better. Specialization in farming and in trading increases productivity. Somewhere in this model there is a mix of farmers, traders, merchants, and specialization that attains the maximum amount of productivity for this society.

That productivity, however, must benefit everyone. Otherwise, we get the problem of the farmers looking at the townspeople and deciding they would prefer to be a trader, rather than a farmer. There also must be a balance with regards to specialization, as this could make the productive class overly dependent upon the middlemen, who can then maximize their profits from the productive class. A society with a small number of people controlling all the profit is inherently unstable.

Therein lies the problem Trump inherits in terms of the economy. Starting in the 1970’s with the microprocessor revolution, the American economy has been hellbent on maximizing efficiency. Wherever technology can increase the output from labor, it has been done, often overdone. In fact, the data shows that efficiency has gone up far faster than wages, so we tipped past the happy balance long ago. While the overall economy continues to grow, it grows only for a minority of citizens.

On top of that, we long ago blew past the balance between producers and middlemen described in that prior scenario. A couple of generations of Americans have been trained to work in the middleman economy, often doing busy work related to boutique beliefs like diversity of climate change. Meanwhile, the productive sector atrophied or was shipped off to other parts of the world. The American economy is more like a global counting house now, rather than a self-sufficient economy.

The global bank model has run its course. The rest of the world, for various reasons, is disconnecting from the American model. The rest of the world is unwilling to do like the farmers in that model and turn everything over to the middlemen. That town full of merchants and middlemen is noticing that the farmers are not coming to town to trade their goods as much they did in the past. Suddenly, the skim from the work of the farmers is getting too small to sustain the townsfolk.

It is not a perfect way to think about it, but it helps understand the economic problems Trump inherits as president. It is why he is convinced that shifting from a tax system focused on labor to one focused on trade is a winner. It will help shift labor from busy work in cubicles back to doing productive things because the cost of imports will rise relative to locally produced items. Foreign producers will adjust by investing in production inside America.

The practical problem Trump inherits is the American economic model evolved to favor the middleman over the producer. Over time it led to the imbalance we see between producers and facilitators. It also led to a narrowing of profit to a shrinking number of players in the economy. In some ways, the American economy has become a digital version of the Bronze Age palace economies in that everything flows through financial and information centers that operate as skimming houses.

Fixing the imbalances within the rules of the system is impossible. This post by an economist calling himself Jack Rasmus explains how the tools available to government no longer work to address the practical imbalances. The people controlling Joe Biden poured almost four trillion in extra money into the system, but it did nothing to mitigate the problem of shrinking middle-class budgets. Prices keep rising while wages remain static, which means most people are getting poorer.

The only way out of the current trap is through systemic changes. That is why Trump is fixated on tariffs as an economic and policy tool. On the one hand this brings costs back in line with prices, so the market regains some coherence. If the real cost of an item is in the price of the item, then people will reward the genuinely lower cost items. In the current model, the cost of cheap goods turns up in the loss of social capital, delayed family formation and, of course, high crime.

A simple example is prepared food. These are cheap for the consumer but are packed with hidden costs. The refrigeration units used to be made in America, but those plants were shipped abroad by the miracle or tariff free trades deals. Of course, the plants are often staffed with cheap foreign labor, the cost of which turns up in your property taxes, the crowded schools, and the healthcare system. That frozen pizza turns out to be vastly more expensive than the price on the box.

Multiply this out all over the economy and it is easy to see the problem. Fifty years ago, middle-class families could get by on one income. Today, it takes two-incomes which is why there are far fewer families. Ours is an economy that looks prosperous on the outside, but the internals are littered with hidden costs. The only way to remedy this is to bring the costs back to the front of that frozen pizza and that can only be done through systemic change.

There are three challenges. One is the small number of people profiting from the current model will fight reform. That is not insurmountable. Trump having some of the richest men on earth in his corner will help a great deal. The bigger problem is the transition cost, which will come in the form of recession. There is no escape from it. The early 1980’s were the cost of transitioning from the productive economy to the middleman economy, so expect similar as we transition back.

The biggest challenge in this project is a dysfunctional managerial class that sees any change as a challenge to their position. The middleman economy was very good for the sorts of people who have a long list of impressive sounding credentials but view tangible accomplishment as a disqualifier. The army of managers in the managerial state cannot survive a transition out of a middleman economy. Like the aristocracy in 18th century France, they will not go quietly.

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Troubled Youth

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Over the last week a dispute has erupted on Twitter about the relative difficulties faced by young people. One camp, current young people, claim they are entering a world that is much more difficult for them than youth of prior generations. They do not think they have the same opportunities as their parents and grandparents. Another camp thinks that young people are entering relatively good times economically but may have unrealistic expectations regarding adulthood.

To be accurate, there is at least one other camp in this debate. That camp thinks the youth face a demographic reality for which they have not been properly prepared and a prevailing culture that works to prevent that preparation. The relative state of the economy for young people does not matter if they are entering a society that is about to come apart along demographic lines. Young white people have been poorly trained up for a world that should not exist.

As is often the case, the two camps squaring off over economics are on the main stage while the camp looking at upstream issues is marginalized. While economics is downstream from demographics and culture, it still matters. We see this with the oldest demographic who remain stubbornly committed to the system. Baby boomers, overall, have it pretty good, so they still believe in the system, even it means they must endure an emergency room that looks like a Tijuana bus stop.

The economic question for young people is difficult, because it is more about expectations than objective measures. For example, about 16% of native-born teenagers have jobs today, compared to 32% in 1990. On the one hand, this is a bad thing because it means fewer young people getting necessary training to be an adult once they finish their education. On the other hand, it means they have an easier time of it than prior generations who had to work.

Those over the age of fifty love telling stories about the terrible jobs they had as young people, while no one under the age of thirty complains about not having had crappy jobs to make ends meet. In fact, the main complaint from college graduates in their twenties is that they have crappy jobs. This is where the great divide opens between those two main camps debating the issue. Old people roll their eyes, because having a crappy job is a rite of passage. Young people see it as a broken promise.

If you are in that third camp, you can see how both sides are right. On the one hand, young people should stop moaning about crappy jobs and being poor, because that is what every generation faced. In fact, prior generations had it far worse. On the other hand, this was not the deal promised to young people who went into debt to get a college diploma. They were told that this investment would let them bypass the struggle portion of their life and get right into the middle-class.

Here you see the root cause of the complaint from young people. The breakdown of order has eroded the social contract. In fact, the social contract is now a terms of service agreement. They were told to click “accept” in high school, but once they exited college, they were told the terms of service have changed. Just in case they objected, they were also told that the privacy policy had changed as well. “Please click accept” quickly became “accept or else.”

There is more to this broken social contract than economics. The conditioning of young people comes with the assumption that if they follow the rules and tick the correct boxes, they will find meaning and purpose in life. Instead, what they find is life in a cubicle, paying off school debts while living at home. Half of college graduates live at home, which is not as high as you might think, but they continue to live at home long after they have left college. That is a novelty.

In effect, young people were sold a program that said if they went to college, took on the debt and followed the rules, they would come out the other end with the sort of fulfilling life they saw in the media. Instead, they are faced with what feels like a pointless existence as an economic unit. That philosophy major at the coffee shop is not just a punch line. She is a bitter victim. Telling her that she now must find her own meaning in this struggle sounds like another lie to her.

That said, the youth of the past did not like working in high school and would have preferred to hang out with friends playing video games. College grads of the past would have preferred to get a job in their field at the same wage as an experienced man, rather than working retail until they could get their foot in the door. The struggle for today’s youth is relatively easy, even if it is the result of a broken promise. In fact, young people probably have it too easy in many respects.

This generational conflict is, in the end, a proxy for the larger conflict which revolves around the failure of the ruling class over the last thirty years. Instead of upholding the rules, especially the rules of the social contract, they turned the country into a smash and grab where everyone is on their own. As a result, the powerful, for example colleges, exploit the weak, their students. It should be no surprise that the victims of such a system are not its biggest fans.

If you like my work and wish to donate, you can buy me a beer. You can sign up for a SubscribeStar or a Substack subscription and get some extra content. You can donate via PayPal. My crypto addresses are here for those who prefer that option. You can send gold bars through the postal service to: Z Media LLC P.O. Box 1047 Berkeley Springs, WV 25411-3047. Thank you for your support!

A Radical Departure

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An interesting subtext to the election of Donald Trump is one that has been largely ignored by the usual sources. It was not cultural issues, foreign policy or the ineptitude of Kamala Harris that drove the election. It was the economy. Widespread anxiety over the economy is what drove down support for Harris, despite the billion-dollar campaign and the billions spent in media gaslighting. No amount of jawboning could convince the public that the economy is doing as good as claimed.

There is a good reason for this. As some have predicted, inflation has been creeping back up after having moved down for a period. The American economy is experiencing what happened in the 1970’s. Contrary to popular belief, inflation did not rage for the entire decade but ran in spurts. There were periods where inflation rose, plateaued and then fell to a tolerable level. The latest data on the CPI and the PPI indicate the current economy is stuck in a similar pattern.

Regime media dismisses this as a minor blip in an otherwise glorious economy, managed by the wise and noble Biden administration, but that has not convinced anyone who buys things. The government does not measure inflation the same way it used to measure it in the 1970’s, so no talk of stagflation. If they used the old methods, inflation would be a daily feature. Of course, you also have the fact that the government now lies about all of the economic data.

This is why the gaslighting failed so miserably in the election. One of the secrets to trick people is to overcome the expectations gap. This is the difference between what people expect to be the basis of the argument and the actual basis of the argument. If you confirm what people think is true and make your argument from that basis, you can convince people of most anything. If you start from an alternative reality as your basis, then you have little chance, no matter how clever the argument.

That does not alter the fact that the economy may be in worse shape than the government and media are willing to admit. There are systemic problems that go back a long way that may finally being coming to the fore. Twenty years ago, everyone talked about what would happen to the labor force when the baby boomers started to retire, but no one talks about it now that they are retiring. Of course, no one dares talk about is replacing those baby boomers in the workplace.

For his part, Trump talks about the need to reform the economic model away from everyone doing each other’s laundry back to building things again. Part of his approach to China is to bring back important parts of the industrial base. Trump is committed to a form of Abenomics which means massive new spending to attract private capital, along with policies to coerce those investments. He will come to office just as government spending is setting new records.

This sort of worked in Japan because they have a strong industrial base that supports their export economy. They also have a homogenous culture with a commitment to self-sufficiency and a savings rate to prove it. For America, this can only work with low interest rates and that can only happen if the dollar returns to its dominant position in global trade and investment. It is why Trump is threatening to nuke any country thinking about going off the dollar.

The trouble is, people will trade in a currency if it is backed by something accepted everywhere like gold or the issuing country produces things that the rest of the world covets, like food, manufactured goods and energy. Alternatively, as has been the case for decades, countries will transact in a currency if it is viewed as a stable store of value by the rest of the world. The dollar has been the reserve currency because of the petrodollar and because it came with a stable set of rules.

Constant rule breaking by Washington has depressed the trust in the dollar because the rules behind it have collapsed. The only reason that the BRICS countries are working on an alternative payment system is they fear dependence on the dollar makes their governments unstable. Added to this is the fact that the Saudis have not renewed the petrodollar agreement signed in the 1970’s. This has not resulted in a change in policy, but China just sold dollar-denominated bonds in Riyadh.

This is one reason the foreign policy establishment is committed to creating chaos in the Middle East. The United States is not just the world’s banker. It is also the world’s protection racket and the countries that need protection the most are those near places with lots of instability. You can be sure that the collapse of Syria is keeping the sheiks in Riyadh tossing and turning at night. Here you see the connection between foreign policy and economic policy. In the end, it is always about money.

This is what Trump will inherit next month. On the one hand, the economic model of the American empire relies on the world being a dangerous place. This is what makes the world willing to put up with Washington in exchange for protection. At the same time, that model is slowly hollowing out the American middle-class. The imperial model works just fine if American citizens accept being mere subjects alongside the rest of the world’s population. Clearly they do not like this.

To some degree you can understand why permanent Washington has reacted to Trump and the populist movement that has made him possible with such fear. They understand the risks that come with putting the American people first. It is not just the cultural stuff or the paranoid fear of the past. It is the understanding that the imperial economic system cannot prioritize Americans over the others getting protection. Protection rackets must protect everyone inside the racket.

Whether or not Trump understands this is a mystery, but he is committed to an American form of Abenomics. It was not an accident that he hosted Abe’s widow last week at Mar-a-Lago. Scott Bessent, Trump’s pick to run Treasury, is known as “The Man Who Broke the Bank of Japan” because his hedge fund made billions from Abenomics by understanding it in great detail. Whether it can work in America is unknown, but we will know soon enough.

That is the irony of the Trump election. He was elected in large part to fix the economy, by which people mean lower inflation and increase wages. Republicans have done this with tax cuts and corporate giveaways and Democrats have done it with spending programs and corporate giveaways. The Trump plan is to restructure the economy, which will require massive spending and a considerable amount of pain. It is a radical departure from what people have come to expect.

If you like my work and wish to donate, you can buy me a beer. You can sign up for a SubscribeStar or a Substack subscription and get some extra content. You can donate via PayPal. My crypto addresses are here for those who prefer that option. You can send gold bars through the postal service to: Z Media LLC P.O. Box 1047 Berkeley Springs, WV 25411-3047. Thank you for your support!

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Trumponomics 2.0

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The next few weeks will bring a flurry of news regarding various names for jobs in the next Trump White House. Some of it will be gaslighting from people who just make things up for regime media. Some of it will disappoint Trump supporters hoping to get something from their efforts this time. One area that has gotten no coverage, but will be one of the most important, is the economy. Trump appears determined to fundamentally change how Washington controls the economy.

That is the first thing to understand. The United States is not a free-market economy or even close to one. There are millions of lines of regulatory code covering every aspect of economic activity. It is not exactly a command economy and in no way a centrally planned one, but it is a tightly controlled economy. Washington has its tentacles in every nook and cranny, even the black markets. Therefore, a president’s view on how to control the economy matters a great deal.

When it comes to economic policy, the placed to start is former Japanese Prime Minister Shinzo Abe. Trump was a fan of Abenomics, in addition to be on very good personal terms with him. Trump has often spoke highly of what has come to be known as Abenomics. Reportedly, Trump has talked to Scott Bessent about a position in the administration, maybe even Treasury Secretary. Bessent is also a proponent of the “three arrows” approach to the economy.

The “three arrows” term is how Shinzo Abe described his approach. One arrow or prong was loose money. Get as much money into the economy as quickly as possible, even if it creates inflation. The second arrow is to direct that new money into areas of the economy that either need revitalization or startup capital. If this means growing the budget, then so be it. The third arrow is to encourage (compel) private investment in the domestic economy over yield chasing.

Applied to the American economy, it probably means a blend of loose money, the slashing of regulation and tariffs to direct investment into the domestical economy, especially the supply chain and industrial base. One obvious lesson of the Covid panic, one entirely ignored by Washington, is complex supply chains, especially those flowing through Asia, are highly fragile. The growing rift with China makes untangling those supply chains even more important going forward.

Trump has made it clear that he wants to use tariffs to redirect investment into the domestic economy. Another name turning up as a possible addition to the Trump team is Robert Lighthizer, who is both a China hawk and the architect of Trump’s trade policy in his first term. It is important to note that the changes Trump ushered in were not rolled back under Biden. Taken together, it is a clear sign that Trump 2.0 will be much more hawkish on the trade front.

Those familiar with the regulatory world remember the wild ride it was in Trump’s first term as they went on a deregulation spree. Expect Trump 2.0 to be even more aggressive, especially on the environmental front. His nominee for the EPA is Lee Zeldin, who the Gaia worshipers detest. Trump made it clear with the announcement that his job will be to clear the dense thicket of environmental regulations that make it hard to put a shovel in the ground for any reason.

Trump 2.0 will be helped by the courts in this regard. This year the Supreme Court ended what had been termed the Chevron deference. This was the rule that said the courts should defer to the regulatory agencies whenever there was ambiguity in the laws passed by Congress. Of course, this meant that everything passed by Congress was as vague as possible, to give total control to the agencies. This has been turned on its head by the courts.

What we are likely to see is a three-pronged assault on the administrative state in Trump’s second term. One prong will be the aggressive slashing of regulations that we saw in Trump’s first term. The second prong will be a flood of litigation aimed at the vagaries of the enabling legislation. There are many cases in the system. The final prong is an effort by Congress to clean up the language to both limit the agencies, but also reassert oversight.

Where things get interesting is fiscal policy. Inflation remains an issue, despite claims to the contrary, but the Fed is signaling cuts in interest rates. Will Trump demand big new spending on infrastructure? This would be one way to soak up some of the extra money being generated by lower interest rates. Anyone who goes outside knows there is a desperate need to rebuild the infrastructure. Go to an airport and you are suddenly embarrassed to be an American.

All this stuff is boring and does not get the same attention you see with some of the other stuff allegedly on Trump’s agenda. Catapulting left-wing crazies into the sea provides a much bigger dopamine rush than deregulation. On the other hand, Trumponomics is the most radical part of his agenda. Those old enough to remember Ross Perot and Pat Buchanan see the point. Trump is repudiating half a century of conservative economic dogma.

The Trump economic agenda is not without its problems. In Washington, every mortgage payment, college tuition bill, access to elite schools and universities depends on nothing changing in Washington. Trump 1.0 was largely undone by his own party, who is as invested in the status quo as the Democrats. The lawfare industrial complex is also gearing up for round two against Trump. Maybe his team is ready this time, but even if they are prepared, it will be a long slog.

The bigger question is if it will work. What Trump is proposing sounds a lot like old fashioned liberal economics from the last century. Instead of tax and spend it will be print and spend. The difference is the deregulation and tariffs. The point of this approach is to redirect investment back into the American economy and direct it to tangible things like supply chains and manufacturing. It is the approach we saw with growth economies last century.

Another thing he has on his side is the economic elites have come around to this approach to the economy. Investors love cheap money and deregulation, but Wall Street also sees it needs a replacement for Asia. The days of getting rich from the China trade are gone. If the United States replaces China as an investment option, they will get onboard with it. As we saw with the election, it is always good when the rich people are backing your play.

If you like my work and wish to donate, you can buy me a beer. You can sign up for a SubscribeStar or a Substack subscription and get some extra content. You can donate via PayPal. My crypto addresses are here for those who prefer that option. You can send gold bars through the postal service to: Z Media LLC P.O. Box 1047 Berkeley Springs, WV 25411-3047. Thank you for your support!

Promotions: Good Svffer is an online retailer partnering with several prolific content creators on the Dissident Right, both designing and producing a variety of merchandise including shirts, posters, and books. If you are looking for a way to let the world know you are one of us without letting the world know you are one one is us, then you should but a shirt with the Lagos Trading Company logo.

Minter & Richter Designs makes high-quality, hand-made by one guy in Boston, titanium wedding rings for men and women and they are now offering readers a fifteen percent discount on purchases if you use this link. If you are headed to Boston, they are also offering my readers 20% off their 5-star rated Airbnb.  Just email them directly to book at sa***@mi*********************.com.

The Kazan Catastrophe

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Back in the ancient times, if you wished to buy product from someone you arrived at their location with money, or they arrived at your location with product. The product was inspected, and the money was inspected. Once both sides were satisfied, the exchange was made, and the deal was done. It did not take long for a class of middlemen to turn up who brokered such deals. They inspected the goods, arranged transportation and safeguarded the product and the money.

World trade has not changed much since the ancient times. Middlemen still facilitate most of the trade. They are called banks, insurance companies, freight brokers, shipping companies and so forth, but they are all part of this vast and essential middleman economy that makes it possible for the local Walmart to have shelves stuffed with goods from Asia. It is what makes it possible for the Chinese company selling dog food to get paid by Walmart.

One thing to note about this setup is the two greatest seafaring nations in the history of the planet, the United States and Britain, do very little shipping. Instead, they control the flow of goods around the world through control of the insurance markets and the financial system used in global trade. If you are involved in global trade, you are certainly using the American financial system and either directly or indirectly the British maritime insurance system.

The dollar being the world’s reserve currency has been to this point the main driver of the explosion in global trade. The buyer in South America can do business with a seller in China, because his bank is connected to the American financial system through his country’s central bank. He does not have to get RMB from his bank to pay the Chinese vendors, because the exchange is done automatically through the dollar dominated global financial system.

This is about to change with the launch of an alternative payment system that was announced at the BRICS summit in Kazan Russia. The Russians and the Chinese have been working on creating an alternative to SWIFT, which stands for Society for Worldwide Interbank Financial Telecommunications. It is the platform that networks the world’s banks to facilitate the flow of money around the world. The new system seeks to replace SWIFT for trade among the BRICS countries.

For most people this is an eye-glazing topic, but in the fullness of time it could be an event that generations of historians study as an inflection point. What the BRICS countries are seeking to do is wrest control of the global financial system from the West, specifically the English-speaking countries, at least for the members of BRICS and those countries willing to trade with BRICS. By extension, it is an effort to reduce the power of the dollar and thus the power of the American empire.

What this new system proposes to do is make it easier for participating countries to conduct business in the currency of other participating countries. Instead of China needing dollars to buy oil from the Saudis and therefore preferring dollars from other countries for Chinese goods, the Chinese will be able to buy oil in RMB and the Saudis will be able to buy Chinese goods in whatever currency they possess. The new system would handle the conversion and exchange rates instantly.

As an aside, that last part is interesting. In the United States, a business does not get paid by the credit card company for a few days. Often, the delay is longer. Of course, there are fees for taking credit card payments. In Russia and China, the movement of money is instant. The system is treated as a public utility, so fees are relatively small compared to what we see in the West. This is owing to much better and newer technology and a different attitude toward banking.

That aside, the significance of this proposal is enormous. The BRICS countries represent half the world’s population. The Arab oil countries, particularly Saudi Arabia, are onboard for this new system. The Saudis let expire the fifty-year-old deal with Washington that established the petrodollar. China, India and Russia are the driving force behind this new arrangement and represent three of the most important economic powerhouses in the world at the moment.

What this means for the West is far less influence over the rest of the world through the control of the financial system. The main reason China, Russia and India have pushed for this new system is they have grown weary of Washington abusing its position to bully the rest of the world. The sanctions war unleashed by Washington against Russia in 2022 was the final straw. If Washington would use the dollar to try regime change in Russia, it would do it to anyone, especially China.

What the BRICS summit in Kazan represents is decades of belligerently incompetent foreign policy in Washington. Ten years ago, it was inconceivable that these important countries would come together to create a parallel financial system, as all of them were committed to the dollar and the Western system. They were committed to the “rules-based order” because they assumed it served their interests, but decades of abuse by Washington has convinced them otherwise.

What this means for the West is clear. What we see forming up is a trading and cooperation block that includes all the countries outside the West, representing the bulk of the world’s population and the majority of economic activity. Add in the fact that the West has let its manufacturing base shrivel and seems to be at war with its agricultural base and you can see the problem. Economies based in providing services tied to the financial system are facing a cliff now.

For the United States, this could not come at a worse time. Debt is already at staggering levels and is accelerating. The productive and innovative portion of the population is aging, while the unproductive portion is exploding. Add in decades of infrastructure neglect, the demographic and cultural catastrophes, and now is not a good time for a decline in the dollar. America is an empire that debased its currency via the perfidious subversion of its own rules.

Contrary to some claims, the dollar is not about to collapse, but what Kazan signals is the steady decline in the dollar. As the rest of the world begins to trade outside the dollar, it means dollars and instruments denominated in dollars, like debt, will lose value on the global market. This means the American banking system must slow the creation of dollars to prevent inflation. This means the cost of borrowing dollars must go up and stay up in anticipation of declining dollar demand

The steady decline of the dollar means a steady decline in the American standard of living, baring a revolution in Washington. Being the world’s mint and banker only works if the world accepts what you are minting. A rentier economy reliant on skimming from every transaction is only possible if you control the currency. The parasitism that has become a feature of our economy is going to become more obvious. That will bring political consequences as well.

If you like my work and wish to donate, you can buy me a beer. You can sign up for a SubscribeStar or a Substack subscription and get some extra content. You can donate via PayPal. My crypto addresses are here for those who prefer that option. You can send gold bars through the postal service to: Z Media LLC P.O. Box 1047 Berkeley Springs, WV 25411-3047. Thank you for your support!

Promotions: Good Svffer is an online retailer partnering with several prolific content creators on the Dissident Right, both designing and producing a variety of merchandise including shirts, posters, and books. If you are looking for a way to let the world know you are one of us without letting the world know you are one one is us, then you should but a shirt with the Lagos Trading Company logo.

Minter & Richter Designs makes high-quality, hand-made by one guy in Boston, titanium wedding rings for men and women and they are now offering readers a fifteen percent discount on purchases if you use this link. If you are headed to Boston, they are also offering my readers 20% off their 5-star rated Airbnb.  Just email them directly to book at sa***@mi*********************.com.

The Port Strike

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The International Longshoremen’s Association went on strike as of midnight in the first major port strike in the United States in decades. Twenty years ago, dock workers on the West Coast struck for eleven days. The ILA has not gone on a strike since 1977, so this is a historic event for that reason alone. If the strike lasts more than a few weeks, then it will be much more than a historical event. About half of the cargo that goes in and out of the country flows through the affected ports.

The bankers estimate that the strike will cost the economy five billion per day, but that is a number plucked from the air. What we learned from the Covid fiasco is that American supply chains are extremely fragile, so any interruption will have unpredictable long-term consequences to the economy. This is also when consumer goods for the Christmas season begin flowing into the country, so delays will result in shortages which will disrupt the biggest retail period of the year.

One of the first things that will happen is conservatives will be told by conservative media to blame the dock workers. The reason for this is conservatives are idiots who do what they are told by the people they claim to oppose. The regime would like to turn this into a problem for Trump if possible, so they are busy filling the teleprompters of Fox News with squirrely rants about the greedy union guys. The vegetables that consume that slop will then regurgitate it on social media.

The fact of the matter is there are no good guys or bad guys when it comes to the strike itself, but the port system is an indictment of the economy. There is no reason for one company to control ports up and down the coast. Ports should be controlled by the states and encouraged to compete with one another for cargo. This makes for better port operations and eliminates the prospect of a crippling port strike. It also encourages modernization and efficiency at the ports.

The reason this is not the case is our ports are primarily skimming operations, rather than a part of a manufacturing and export base. What America primarily exports does not require seagoing vessels. Transgenderism, homosexual pride parades and cultural subversion are shipped around the world on the back of the dollar. What comes back are container ships full of consumer goods. A collection of people then skim a little from each container that reaches an American port.

This gets to why the dock workers are striking. They want protection from automation that will eliminate jobs. This will strike most people as nuts as they have been conditioned to think automation is a good thing, because that is what the television has told them, but in reality, most automation is about socializing the costs of business and privatizing the profits. Automating the ports will not result in lower consumer prices, but it will make the port operators richer.

If the point of the American economy were to make things and then sell them around the world, the ports could never be allowed to function as they do today because it would interfere with selling things around the world. That is not the point of the American economy, so the main function of ports is to skim from imports. This is why one main operator controls the East Coast ports. Consolidation makes it easier to institutionalize the skim.

None of this is to suggest that the dock workers are victims. Senior members of the ILA make four and five times what the typical American earns. Most of the guys on strike make six figures plus very generous benefit programs. The reason it is impossible to get a job at the ports is they control the labor force, which means they only allow friends and family to get jobs when they come open. The docks are pretty much a government created medieval guild system.

That is the other thing about the ports. The labor situation is a creation of the federal government over the last half century. In the middle of the last century, the mafia got control of the union pensions and immediately looted them. This brought in the feds who eventually restructured the union, so it was free of gangsters in track suits, but was filled with gangsters from the government. Both sides of the current contract dispute are the result of decades of government management.

Of course, there is a political angle to this. The Biden admin has done nothing to prevent the strike, which is interesting as they moved heaven and earth to head off the rail strike last year. That was when Biden thought he was going to be allowed to run for a second term. Now that he is drifting off into retirement, no one in the admin can be bothered to work on anything other than Ukraine and Israel. Kamala will be left to deal with the politics of a port strike.

This is where things get interesting. Pennsylvania and Michigan are union states, so the white remnant will be watching this strike. These are people who have always voted Democrat for economic reasons but detest the other stuff from the party. They like Trump, but wisely distrust Republicans. There is an opening for Trump the deal maker to take the union side without pandering. Harris, on the other hand, does not have any good options on this one.

In a way, the ports are a good model for our ruling class. Everyone involved in the ports is doing well, better than they should expect, but everyone involved in the ports is sure the system is screwing him. That is because the ports exist in isolation from the rest of the economy. It is a world unto itself that only interfaces with the rest of society, rather than operate within the economy. It is how high-earning people on both sides of this strike can think they are the little guy.

Another reason for this is the bottleneck mentality. Ports are a bottleneck and everything that passes through is taxed. In this way, the ports are just like our banking system or the information system. That means the real competition is over how much you get to tax what passes through the bottleneck. To the people inside a bottleneck system, it always feels like it is a zero-sum game, and their slice of the overall pie is never the biggest slice of that pie.

In the end, the union will get what they want as there is no real reason to not give them what they want. Their cost just gets tacked onto the cost of goods that flow through the port to your local Walmart of Amazon distribution center. Just like those Walmart’s and Amazons, the cost of the ports are socialized. With no fear of competition, there is no concern for the profit margin. You get to pay more for stuff, so the dock worker and his manager get to go boat shopping this spring.

If you like my work and wish to donate, you can buy me a beer. You can sign up for a SubscribeStar or a Substack subscription and get some extra content. You can donate via PayPal. My crypto addresses are here for those who prefer that option. You can send gold bars through the postal service to: Z Media LLC P.O. Box 1047 Berkeley Springs, WV 25411-3047. Thank you for your support!

Promotions: Good Svffer is an online retailer partnering with several prolific content creators on the Dissident Right, both designing and producing a variety of merchandise including shirts, posters, and books. If you are looking for a way to let the world know you are one of us without letting the world know you are one one is us, then you should but a shirt with the Lagos Trading Company logo.

Minter & Richter Designs makes high-quality, hand-made by one guy in Boston, titanium wedding rings for men and women and they are now offering readers a fifteen percent discount on purchases if you use this link. If you are headed to Boston, they are also offering my readers 20% off their 5-star rated Airbnb.  Just email them directly to book at sa***@mi*********************.com.

The Beginning Of The End

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Note: Behind the green door on the great stone of truth I have a post about the difference between work and exercise, a post about the alienness of the Democratic ticket and the Sunday podcast. Subscribe here or here.

The Nikkei 225 opened the week by plunging 12%, its worst day since the infamous Black Monday in 1987. European markets followed, but due to their controls on the markets ever going too far down, they declined just over two percent. The American markets are expected to open down as well. As with Europe, there are controls in place to prevent the markets from sliding too far too fast. This is determined by the Plunge Protection Team who protect the bankers.

All of this got going last week when markets began to decline and then it was revealed that the world’s most bullish investor, Warren Buffet, was dumping stocks at an unprecedented rate over the last quarter. Berkshire Hathaway dumped 58% of its Apple stock, which has been viewed as a signal that Buffett thinks the American economy is headed for a recession. In lean times, the companies hardest hit are those who make frivolous items like high end mobile devices.

Even setting aside the economic issues, the market was long overdue for a correction, and they often happen around elections. When Trump left office the Dow Jones Industrial Average was around 31,000. It peaked this year at around 40,000, which is roughly a thirty percent climb in three years. If one wants an example of irrational exuberance, there is a perfect example. The American stock market is a speculative bubble that was due to burst.

The speculation mainly rested on the assumption that the Federal Reserve would once again start handing out free money to its friends. The inflation reports had been manipulated to the point where the only people still worried about prices are the people buying things. The jobs reports and GDP numbers have similarly been set to look as if the economy could use a jolt of free money. The trouble is Jerome Powell is not in a rate cutting mood and has made this clear.

The other assumption has been that the American economy is fundamentally sound and all the bad stuff since Covid has been resolved. That has turned out to be wrong, as new bad stuff has emerged since Covid. The new Cold War launched against China and Russia is accelerating changes in the global economy, which is already putting downward pressure on Western economies. It seems that investors are now starting to understand that we are on the cusp of a new world order.

Of course, equities markets are supposed to reflect the general investor sentiment about the underlying economy. You buy a stock because you think the company will be better tomorrow than today. You sell the stock for the opposite reason. The markets are supposed to be about the future of the underlying economy, but that has not been true for close to forty years now. Instead, it has been about where to put all the extra cash the central bank creates in its role as global banker.

What happened to the American stock markets over the last half century is they went from being a place to bet on the economy and individual companies to a place to bet on the Global American Empire being the sole superpower. As long as the dollar remained the global currency and Washington controlled the rules of the global economy, there was only one bet to make. Everyone did the rational think and bet on this not changing, so over time the line went up at a steady pace.

The last two years have revealed this to be old thinking. The sanctions war against Russia has been a disaster for the empire. The Russian economy has outpaced Western economies during this time. Similarly, BRICS, which was just a worthless acronym, has now become a legitimate alternative to the Western model. Their alternative to SWIFT, the default banking transaction system, is slowly emerging as a viable and perhaps superior option for the rest of the world.

The main reason for this is the chaos at the top of the imperial order. While the endless political drama out of Washington entertains the people of the West, to those outside it looks like chaos and instability. The world’s largest economies have no idea who is in charge of imperial policy, as Joe Biden is clearly a vegetable. Further, Washington is not on speaking terms with the two most important countries at the moment. They have Russia and Iran on mute.

What we may be about to see is the canary in the coal mine fall off his perch, thus signaling the great reordering. Western economies evolved over the last half century on the assumption that Washington would control the global money supply. Over the last thirty years the assumption has been that the days of national economies were over, as all economies would be integrated. The rules based global economy using the dollar would be run from the imperial capital.

That is not going to be the future. This presents a massive problem for the West, as industrial policy, economic policy, government policy and demographic policy has all been based on the assumption that the Western managerial elite would sit atop this global system like Mustapha Mond, the world controller in Aldous Huxley’s novel Brave New World. Of course, that is the reason the dream is unraveling, as Mustapha Mond was both corrupt and cynical.

As is usually the case, the great transition will take time. It took forty years for the West to evolve down this cul-de-sac. It will take time for the world to adapt to the decline of the West and for the West to regain itself. The collapse of the Soviet system was followed by two decades of disorder. The difference is the West has further to fall, as the Russians were already poor. Americans are about to get poor because they no longer deserve to be otherwise.

If you like my work and wish to donate, you can buy me a beer. You can sign up for a SubscribeStar or a Substack subscription and get some extra content. You can donate via PayPal. My crypto addresses are here for those who prefer that option. You can send gold bars through the postal service to: Z Media LLC P.O. Box 1047 Berkeley Springs, WV 25411-3047. Thank you for your support!

Promotions: Good Svffer is an online retailer partnering with several prolific content creators on the Dissident Right, both designing and producing a variety of merchandise including shirts, posters, and books. If you are looking for a way to let the world know you are one of us without letting the world know you are one one is us, then you should but a shirt with the Lagos Trading Company logo.

Havamal Soap Works is the maker of natural, handmade soap and bath products. If you are looking to reduce the volume of man-made chemicals in your life, all-natural personal products are a good start.

Minter & Richter Designs makes high-quality, hand-made by one guy in Boston, titanium wedding rings for men and women and they are now offering readers a fifteen percent discount on purchases if you use this link. If you are headed to Boston, they are also offering my readers 20% off their 5-star rated Airbnb.  Just email them directly to book at sa***@mi*********************.com.

The Chevron Case

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Imagine if when the Supreme Court decided Brown v. Board of Education of Topeka, they drew a sharp line between public and private discrimination. Maybe in Katzenbach v. McClung they drew a bright line around the Commerce Clause and ruled that as long as you were not conducting business across state lines, the Civil Rights Act of 1964 did not apply to your business. In other words, what if the court said that the principles of discrimination and inclusion apply only to the government?

The answer is we would have a vastly different world. Just consider the Katzenbach case in which the court claimed that the restaurant in question was not doing business across state lines, but it was possible that it could one day buy product from a vendor in another state, so the Commerce Clause applied. If the court had ruled rationally, we would now have a world where private discrimination was still legal, just as long as you did it locally, not nationally.

Of course, if the court had drawn the line between private discrimination and public discrimination, most of our race troubles never would have manifested, because normal life would not contradict official morality. A colorblind state is well within the spirit and sensibility of the American people. The liberty to associate or disassociate with whom you choose, for any reason you choose, is also consistent with the history and sensibilities of the people.

That is not what happened, and we have suffered a half century of demographic collapse as a result of the court imposing a new moral framework. It is a good example of how even small changes in the law can lead to a revolution in how people interact with each other and the government. We may be seeing another revolution brewing with the most recent court rulings in Loper Bright Enterprises v. Raimondo and Corner Post, Inc. v. Board of Governors.

The Loper decision ends what has been called the “Chevron deference” which is the longstanding principle where the courts defer to federal agencies with regards to regulations, interpretation of regulations and enforcement of regulations. Put simply, if a business or industry did not like a federal regulation, they had to convince the regulators to change it or get help from Congress. The courts would defer to the alleged experts in the administrative state.

What the Supreme Court has done in these two cases is continue to dismantle the logic that animated the Chevron deference and much of administrative law. They are going about it in two ways. One is the Court is saying that these agencies only have powers explicitly granted to them by Congress. Second, companies and industries can now go into the courts for redress. They can challenge the expertise of the regulators and the process used by the agencies to make policy.

This may sound arcane and boring, but keep in mind that most of the federal rules that directly impact your life are not passed by Congress. In fact, no one in Congress can tell you how most of the rules come into existence. The reason for that is the federal agencies craft the rules that regulate every nook and cranny of life. Until now, they did so without having to answer to anyone. Technically, Congress oversees these agencies, but Congress is full of simpletons.

What the Court seems to imagine is a new paradigm. If the Gaia worshippers, for example, want to ban gas stoves, they will need to get enough votes in Congress for a ban on gas stoves. Currently, they just have to cajole or bribe people in the administrative state and convince industry that they can profit from the new shenanigans in order to ban your gas stove. You, the citizen, have nowhere to turn to get your gas stove back.

There are now over 200,000 pages in the Code of Federal Regulations and few people have the slightest idea what they mean. This is why large companies have lawyers who interface with the agencies overseeing their industry. It is why small and midsized companies have trade groups. It is why there is a large army of lawyers whose specialty is administrative law. This is because the leviathan, which is the administrative state, has tentacles reaching into your most private matters.

What made this all possible was the habit of Congress, going back to FDR, to grant agencies in the executive branch broad powers to make laws, interpret those laws and enforce those laws. The way they did this is to give an agency a mission and then a budget to set off on that mission, which was used to lobby Congress for more money to expand the scope of the mission and underwrite various schemes that allegedly were in pursuit of their mission.

The direction of the Court is to ignore the vague powers granted by Congress and focus only on the specific powers granted by Congress. If Congress passes the Puppies and Rainbows bill that authorizes the Department of Education to do what they can to promote puppies and rainbows, the Court will not intervene. Once the DoE makes a rule requiring puppies and rainbows in the schools, then a school system can go to court arguing that the DoE was never granted this power.

There is a long road to go and many more court cases to define this new paradigm, but the end of that road is an administrative state that is limited by the specific powers granted to it and one that must defend its rules in court when challenged. For the same reason our coins have ridges, bills coming out of Congress will have to come with specifics, rather than pages of esoteric language designed to give the administrative state unlimited power to craft new rules.

In the short term, it means that every comma in those 200,000 pages of Federal regulations is now open to challenge in the courts. Inevitably, some popular rules will be struck down and that means Congress will be forced to pass actual laws reestablishing those popular rules. On the other hand, it also means there is a chance to get rid of odious rules that serve narrow interests. Getting a light bulb ban through Congress, for example, never would have happened.

It is not all puppies and rainbows. Rich people have been bribing Congress for generations and America presently has the worst class of rich people since the French Revolution, so it means lots of terrible laws from Congress. The difference is that this stuff will be out in the open where now it is in the shadows, allowing both Congress and its wealthy owners to play dumb and pretend to be something other than odious carbuncles strip-mining the middle-class.

Civil rights looked like a small change in private behavior in pursuit of a greater good, but it led to the demographic madness of the present. These rulings in pursuit of reducing the managerial state to mere bureaucracy may not look like much, but they threaten the moral authority of managerialism. Rule by experts no longer make sense when experts can be challenged. This may one day give people room to salvage whatever is left of the American experiment.

If you like my work and wish to donate, you can buy me a beer. You can sign up for a SubscribeStar or a Substack subscription and get some extra content. You can donate via PayPal. My crypto addresses are here for those who prefer that option. You can send gold bars through the postal service to: Z Media LLC P.O. Box 1047 Berkeley Springs, WV 25411-3047. Thank you for your support!

Promotions: Good Svffer is an online retailer partnering with several prolific content creators on the Dissident Right, both designing and producing a variety of merchandise including shirts, posters, and books. If you are looking for a way to let the world know you are one of us without letting the world know you are one one is us, then you should but a shirt with the Lagos Trading Company logo.

Havamal Soap Works is the maker of natural, handmade soap and bath products. If you are looking to reduce the volume of man-made chemicals in your life, all-natural personal products are a good start.

Minter & Richter Designs makes high-quality, hand-made by one guy in Boston, titanium wedding rings for men and women and they are now offering readers a fifteen percent discount on purchases if you use this link. If you are headed to Boston, they are also offering my readers 20% off their 5-star rated Airbnb.  Just email them directly to book at sa***@mi*********************.com.