Archive for December, 2010

Free Market Talk is Cheap, Action is Hard

December 27, 2010

“Capitalism without bankruptcy is like Christianity without hell” – Frank Borman, Chief of Eastern Airlines


“Wall Street analysts spoke of the “Greenspan put”-the belief that the Federal Reserve would rescue financial firms with easy money, special lines of credit, and lender-of-last-resort support. …. The Greenspan put is precisely what happened when the crisis hit: the Federal Reserve stepped into the breach, rewarding incompetent incompetent risk taking with monetary largesse-or at least, that is how the Austrians would interpret it.- Roubini, Crisis Economics

That Greenspan presided over the Federal Reserve is ironic. After all, as a young man he became smitten with the power of the free market. In the 1950s he even became ann acolyte of AYn Rand, whose hard-core libertarian beliefs he admired. Yet Greenspan’s growing conviction that the government should stay out of the economy did not prevent him from serving in goverment when the opportunity arose. …. His ambivalence about the government’s role in regulating the free market was evident from the begining. Four months after his appointment, the stock market crashed, and Greenspan immediately rode to the rescue. Out the window went any principled opposition to government intervention.-Crisis Economics- Roubini, Crisis Economics

George W. Bush

Via Bush Continues His Uncanny Imitation of Herbert Hoover:

In this January post, I noted some of the uncanny parallels between George W. Bush and Herbert Hoover: Both were president during a time of economic crisis; both presided over vast expansions of government that helped cause the crisis or at least make it worse than it might have been otherwise; finally both were (inaccurately) portrayed by their political opponents as dogmatic free market advocates, when in fact both were highly statist. After leaving the presidency, Bush is unconsciously imitating Hoover in yet another way — by rhetorically supporting free markets and criticizing the even more interventionist policies of his Democratic successor (which in both cases built on the expansions of government initiated by the Republicans who preceded them)

What should Bush now do if he genuinely wants to help the free market cause? The best thing would be to take up economist David Henderson’s half-joking suggestion that he “express his regret at nationalizing airport safety, carrying out illegal surveillance of U.S. citizens, raiding medical marijuana clinics, bailing out General Motors, AIG and other companies, and socializing prescription drugs for the elderly [the biggest new government program from the 1960s until the present financial crisis].” Bush could also point out that he advocated an ideology of “compassionate conservatism” that included vastly expanded government, and an “ownership society” that (in his own words) involved “us[ing] the mighty muscle of the federal government” to incentivize dubious mortgages of the kind that helped cause the financial collapse of 2008. The greatest contribution Bush can now make to free market policies is to dispel the impression that he pursued them while in office.

Herbert Hoover

The talk:

“economic depression can not be cured by legislative action or executive pronouncement” and that “economic wounds must be healed by the action of the cells of the economic body-the producers and consumers themselves.” -Crisis Economics, Roubini

The action:

he proudly reported, national, state, and local governments had deliberately spent money on infrastructure improvements as a counterweight to the Depression. In fact, he bragged that “as a contribution to the situation the Federal Government is engaged upon the greatest program of waterway, harbor, flood control, public building, highway, and airway improvement in all of our history.” Under this “do-nothing” president, the federal government effectively doubled its spending on such projects.-Crisis Economics, Roubini

Too big to fail: policies and practices in government bailouts By Benton E. Gup,

Movie lists 2010

December 23, 2010

To see:
The Green Hornet
Drive Angry 3D
Sucker Punch
World Invasion: Battle Los Angeles
The Green Lantern
The First Avenger: Captain America
I Am Number Four
Source Code
Super 8
Rise of the Apes
Transformers: Dark of the Moon
Harry Potter and the Deathly Hallows: Part 2
The First Avenger: Captain America
Cowboys and Aliens
Real Steel
The Thing


Home Theater Guide

December 22, 2010

Furniture – Wood home theater stand with fans

Tactile Transducers
Aura AST-2B-4 Pro Bass Shaker (gotta wire them in series as per avsforum)
Clark Synthesis
Butt Kicker
Earthquake TES100SG

Recommended Settings
Avsforum recommends 40 to 60 hz

40 Hz – 5 votes
45 Hz – 1 vote
60 Hz – 1 vote
Parts Express sells a FMOD Crossover Pair 50 Hz Low Pass

Myth Busted: Open Fireplace Will ONLY Lose Heat

December 5, 2010

Burning wood in a small Superior KC-38 fireplace right now. When I started at 8 PM December 4th 2010 the temperature of the house was 65 degrees. We turned the furnace completely off and according to WTHR it’s 27° outside. 4 hours later the temperature in the room I’m sitting in is 72.7 degrees (an increase of 7.7 degrees) and the temperature of the opposing side of the house is 68 degrees. It actually feels hotter thanks to the radiant heat of the fireplace. I love to see how hot it’d be in here if we had one of those 140,000 BTU heat exchangers. I’d probably have the window open right now.

Please keep in mind that I’m not saying the fireplace is efficient. Given the amount of wood I’ve burned, it’s obvious it’s horribly inefficient. I’m just saying it’s an effective zone heater and the people that say your house will lose more heat than it gains are flat out wrong. You can complain that the rest of the house hasn’t warmed up much (only 2 degrees) but at least it hasn’t dropped any according to the critics claims. I consider that quite a feat since so much hot air is going up the chimney on a chilly 27 degree night.

Also, I had a log that was flat and wide and I stood it up on end. All I can say is there was a very large increase in heat. I’ve been told that consumer reports claims the wall of fire and texas fireplaces aren’t as good as they claim. My personal experience would suggests otherwise.

The only lights or electric heat sources are 4 LED candles, a refrigerator and my HP Compaq nc6400 laptop.


December 4, 2010


Smith Wesson Galaxy Elite
Fenix LD20










Pila IBCT Charger

Companies – another popular brand – cheap