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Thought

Yves Guyot

To accept words instead of things, to content oneself with words, to dispute about words: such is the history of all man’s intellectual aberrations. He is driven to this by two opposite tendencies: need of certainty, and indolence in inquiry.
The result of this is that he lumps together a whole order of phenomena, more or less connected, by a word more or less expressive and precise. He comprehends in this word, creatures of all kinds; and when he has once contracted the habit of repeating this word to himself or to others, he no longer observes the facts of the case: he only attaches his belief to the word.
As soon as the word is pronounced in his presence, some of his cerebral cells begin to act; and by reflex action he utters a series of incoherent but already-formed ideas upon the question which is before us.


Yves Guyot, Prostitution Under the Regulation System (Edgar Beckit Truman, M.D., F.C.S., trans., 1884), pp. 1–2.

Illustration is a detail from a caricature by the French artist André Gill (1840-1885).

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Thought

Dixy Lee Ray

“Repeatedly over the past few years the American public has been subjected to a litany of catastrophes — to predictions of impending disaster that are claimed to be unique to modern civilization. The oceans are dying, the atmosphere is poisoned, the earth itself is losing its capacity to support life. . . . The anticipated catastrophes are our own fault, of course, blamed on the greedy and perfidious nature of modern man.

“Well, it’s all pretty heady stuff, but is it true? As with so many issues that involve technology, the answer is yes — and no — probably rather more ‘no’ than ‘yes.’”


Dixy Lee Ray, Trashing the Planet, 1990

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Today

Fannie and Freddie

On September 7, 2008, the US Government “took control” of the two largest mortgage financing companies in the United States, Fannie Mae and Freddie Mac. Both of these had been created by Congress as part of a concerted plan to make home ownership easier, and both had gotten completely out of hand during the many years of their existence, especially under new rules established by politicians in the 1990s. The after-market that they helped create — the packaged mortgage market — was what imploded in 2007–2008, leading to the economic slump that Nicholas Nassim Taleb recently referred to as setting the U.S. government on President Obama’s economic policy course of “eight years of Novocain.”

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Thought

Amy Wax & Larry Alexander

All cultures are not equal. Or at least they are not equal in preparing people to be productive in an advanced economy.


Co-authors Amy Wax and Larry Alexander of “Paying the price for breakdown of the country’s bourgeois culture,” The Inquirer (August 9, 2017), an article that caused a huge backlash against Dr. Wax at her institution, the University of Pennsylvania Law School. Immediately following the above-quoted passage, the article continued:

The culture of the Plains Indians was designed for nomadic hunters, but is not suited to a First World, 21st-century environment. Nor are the single-parent, antisocial habits, prevalent among some working-class whites; the anti-“acting white” rap culture of inner-city blacks; the anti-assimilation ideas gaining ground among some Hispanic immigrants. These cultural orientations are not only incompatible with what an advanced free-market economy and a viable democracy require, they are also destructive of a sense of solidarity and reciprocity among Americans. If the bourgeois cultural script — which the upper-middle class still largely observes but now hesitates to preach — cannot be widely reinstated, things are likely to get worse for us all.

Would the re-embrace of bourgeois norms by the ordinary Americans who have abandoned them significantly reduce society’s pathologies? There is every reason to believe so. . . .

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Today

Yves Guyot

On September 6, 1843, Yves Guyot was born. A journalist, economist, and political activist, he once endured a six-month prison term for his campaign against the prefecture of police. He served as minister of public works under the premiership of P.E. Tirard in 1889, retaining his portfolio in the cabinet of Charles de Freycinet until 1892. A free-trade liberal, he lost his seat in the election of 1893 owing to his militant attitude against socialism. His many books included The Principles of Social Economy (1892), The Tyranny of Socialism (1894), The Comedy of Protection (1906), Socialistic Fallacies (1910), and Where and why Public Ownership Has Failed (1914). He served as editor of Journal des Économistes, following the Belgian economist Gustave de Molinari.

Illustration is a detail from a caricature by artist André Gill (1840-1885).

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Thought

Yves Guyot

Neither government nor municipal monopolies are novelties; they are antiques. . . . They are not indicative of evolution, but of retrogression.


Yves Guyot, Where and Why Public Ownership Has Failed (H. F. Baker, trans., 1914), p. 397.

Illustration is a detail from a caricature by the great French artist André Gill (1840-1885).

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Today

First President of Congress

Responding to British Parliament’s enactment of the Coercive Acts in the American colonies, the first session of the Continental Congress convened at Carpenter’s Hall in Philadelphia, on September 5, 1774. Virginian Peyton Randolph (pictured) was appointed as the first president of Congress. John Adams, Patrick Henry, John Jay and George Washington were among the delegates.

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Thought

Dixy Lee Ray

“Who speaks for science? Or, to put it another way, on whom does the press rely to speak for science?”


Dixy Lee Ray, Trashing the Planet, 1990

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Today

Rome Fell

Odoacer, a German “barbarian,” ousted Romulus Augustus, the last emperor of the Western Roman Empire, thus ending that empire on September 4, 476.

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links

Give B.S. a Chance

This weekend at Townhall, Paul fleshed out the most recent Voters’ Pamphlet mini-scandal, from Friday.  Click on over, then come back here. You know, for more voters’ pamphleteering.