With no commensurate increase in the demand for money, the expansion in money supply created by American money-printing leads to all existing dollars buying fewer goods than before the money-printing. Nobody sends a bill: the tax just happens, with every clank of the government printing press. Doubling the amount of money in circulation via the printing press, and then giving the printed money to the government to buy stuff with, is basically the same as the government taxing half of private-sector income and buying stuff with it.
Administrative bloat has many other consequences, amongst which is that many university functions now follow bureaucratic rather than academic logic, ignoring the purely academic benefits to activities and focusing instead on finding and privileging reasons for the bureaucracy’s own existence. This leads to a perennial search for problems that can be exaggerated and turned into a justification for more administration (e.g., ‘Is there a problem I can pretend to solve by creating an additional compliance problem?’).
John covers all the important elements of the disaster befalling Australia: the arrogance of power, the delight of the bullies at having so many victims, the panic over trivialities, the desire for destruction, the suffering of the children and the lonely, the absurdity of the ever-changing rules, the corruption, the lies, and the oppressive sensation of being in a slow-motion disaster.
Woke’s lust for destruction has emerged from the heart of a decaying Western society. Woke is an attack on the most potent and healthy elements of that society, backed by the super-rich who seek more control. At once a sterile new religion of the useless to celebrate uselessness, a fanatical doomsday cult, and a thief of what is good, healthy and self-affirming, woke represents in four letters what ails the West, and the antithesis of what is needed to heal the West.
The last three years show us what happens when specialists are in charge. If you want to know whether it is a good idea to lock down a whole city, it helps if you can quickly see the many effects lockdowns will have among many different parts of the city’s population and economy. Only with a broad view of many factors do you have hope of making a reasonable judgment.
The dominant Western culture of the modern era will not relinquish its ingrained deceitfulness without first going through a nasty and lengthy transformation in which we are acutely reminded that life is risky and humans are imperfect. It is conceivable that long-run side effects of the covid vaccines will help to remind us of this. The best we can hope for in the longer run is to design our institutions to lead the population gradually into a mindset of comfort with human limitations.
We can forget about seemingly simple fixes, like giving politicians the right to fire civil servants on the spot. Besides, giving clueless and corrupted politicians yet more power is not going to make matters better. Real reform will have to be dramatic, and it will come about only in dramatic circumstances.
In this essay, written from a broad economics perspective that incorporates an understanding of incentives, institutions, information, and power, we address the following three broad questions: (1) What were the roles and responsibilities of our institutions when faced with a threat like Covid? (2) What were the costs and benefits of the response that transpired? (3) What is the need and potential for institutional and social reform?
All those dreaming of control like to believe that they should rule the world in order to save it from some great danger. At the end of the day, this is simply a selfish fascist fantasy. The West is now encumbered by huge layers of parasites whose living is made out of exaggerating fears and stealing from people under the guise of saving them. The EU Commission is a particularly glaring example of such a group, but they are everywhere today: people just trying to make a buck, but costing their society dearly.
While the inner world of the Truth Speaker might be our last refuge, even if we feel we have nothing else and are completely overpowered by fanatical totalitarians who deny us all other space and companionship, we need to think and act much bigger. We are not that small or downtrodden, nor as isolated. We can win, and we will.
Newspapers, television, internet sites and social media have become merely instruments of manipulation at the service of elite interests. We have seen Twitter, Google, LinkedIn, YouTube, Facebook, and other commercial information companies which started out a mere decade or two ago with promises of independence and open media, end up as our censors in the past two years, enthusiastically adding their contributions to the long and bleak history of totalitarian deletions.