Gongol.com Archives: August 2016
It's possible to be manipulated by (or even just influenced by) forces you neither recognize nor understand. That just makes the situation even worse, since the subject of the manipulation is quite sure he's smarter than everyone else and won't do anything to fix the problem of his behavior. And when he goes on to openly undermine the legitimacy of the democratic process, he fundamentally disqualifies himself from consideration as a serious candidate for office. We can disagree about a lot of things as Americans, but attacking the legitimacy of the electoral process itself -- with no due cause -- is out of bounds. And it's so far out of bounds as to be irreversibly disqualifying.
The phenomenon is called "revealed preferences": Sanders probably really does think he believes in the fantasy-land version of socialism that he talks about so much. But what matters is not what he says, but what he does. And in buying a $575,000 vacation home, he has revealed that he actually likes private property, at least for himself. And there's nothing wrong with that -- private property rights are fundamental to the American system, and are good for us both economically and culturally. He has every right to have three homes if he can afford to pay for them. If only he could see that the best way to achieve good things via government is usually to address the incentives that surround them, rather than to confiscate income and promise free stuff.
And those regulators are in China. Might it have anything to do with the fact that a Chinese company was also in the bidding to buy Starwood and lost? Would the Chinese government ever retaliate like that?
The IRS says that tax preparers are being targeted with a scam that tries to trick them into downloading a keystroke logger that masquerades as an update to tax-accounting software. Keeping your software updated is good; following links that arrive via email is not. Software programmers should always embed a clear "update" link somewhere in the menu bar so that nobody ever thinks to look for program updates via any other means.
Many Midwestern farmers growing commodities like corn are finding this to be a less-than-breakeven year, and that's causing trouble for those who have loans to pay. That makes bankers nervous.