JBorn

Here for the news and interaction. Small business owner. Always trying to be in the arena.

[JBorn @JBorn1975]

@adamsteen Iowa has over 600 taxpayer funded jobs for every 10,000 residents. That’s one of the worst ratios in the nation and fiscally unsustainable given our demographic trends.

[JBorn @JBorn1975]

@DonMiami3 Excellent. I miss mine.

[JBorn @JBorn1975]

@RealJohnGaltFla @GayBearRes Agree with Carter, W Bush and Biden would add Bush I

GW has to #1.To turn down being a king is kinda big.

Wilson and his years were the most destructive to freedom in every way.

Grant is better than his ranking.

Reagan ahead of FDR.

Great ranking system. Best I’ve seen.

[JBorn @JBorn1975]

@RealJohnGaltFla Narcissist in Chief

[JBorn @JBorn1975]

@MacroEdgeRes How to make a wonderful ceremony all about him.

The ultimate narcissist.

[JBorn @JBorn1975]

@DonMiami3 🤣🤣🤣

White flags being cleaned

[JBorn @JBorn1975]

@RealJohnGaltFla There a lot of that going around from the Trump apologists.

[JBorn @JBorn1975]

@MacroEdgeRes Methinks he doth protest too much.

[JBorn @JBorn1975]

Here’s what passes for punditry. The first point is just stupid. The second didn’t actually happen.

All we accomplished was putting a period on the system we have lived under since WWII.

Nice job. 🤦🏼‍♂️

[Steve Deace @SteveDeaceShow]

What did we accomplish?

1) A lot of bad people are dead.
2) We demonstrated we are capable of assembling an alliance of (Sunni) Arab countries against the leading demoniac regime of the region.

Both of those matter. You can argue we could've accomplished those two things less expensively, but you can't argue we didn't accomplish anything.

[JBorn @JBorn1975]

@Hedgeye @Investingcom 😳😳

[JBorn @JBorn1975]

Sooner, per reality.

[Hedgeye @Hedgeye]

Social Security's funds on pace to dry up in February 2033, per Wharton

[JBorn @JBorn1975]

I love how this is an “issue” now. The system has been in arrears for decades.

Anything to blame previous generations.

Why don’t you put a graph up of which age groups voted for Biden/Harris?

The youngsters did. More socialism is coming…not less.

[Russ Greene @GreenPlusAnE]

89% of senior citizens support raising taxes on younger workers to maintain their benefits.

The median primary voter is 65.

[Handre @Handre]

Marx died in 1883 with two volumes of Capital unwritten and one fatal contradiction unanswered. Eugen von Böhm-Bawerk noticed.

In 1884 he published the first volume of Capital and Interest, a history of every interest theory ever floated, and he treated the exploitation theory the way a pathologist treats a corpse: methodically, and without sentiment. Marx claimed that labor alone creates value, that the capitalist pockets "surplus value" by paying workers less than their product is worth. Sounds tidy. Then Böhm-Bawerk asked the question that collapses the whole structure. Why does a worker accept $90 today instead of waiting a year for the $100 his labor will eventually fetch in the finished good?

Present goods are worth more than future goods. That is interest. Not theft, not a parasite skimming off the top, but the price of time itself. The capitalist who advances wages today for output that sells next year performs a service, and he earns the spread for bearing the wait and the risk. Böhm-Bawerk laid this out in 1889 in The Positive Theory of Capital, and the exploitation story had no reply.

But the real execution came in 1896. Engels had finally dragged Volume III of Capital into print in 1894, and there Marx quietly admitted that commodities do not actually sell at their labor values: they sell at "prices of production" governed by an average rate of profit. Böhm-Bawerk pounced in Karl Marx and the Close of His System. Volume I said value comes from labor. Volume III said prices systematically deviate from labor. Marx had spent twenty years building a cathedral on a foundation he himself dynamited in the back pages. You cannot assert that labor determines value on Monday and that competition overrides it on Thursday and call the result science.

A century of central planners ignored this and proceeded to starve Ukraine, wall off Berlin, and empty the shelves of Caracas. The theory was dead in 1896, but the bodies just kept arriving anyway, because nobody reads the footnotes before they reach for the gun.

[RealJohnGaltFLA @RealJohnGaltFla]

Repost for the morning crew...

[Art Berman @aeberman12]

US defeat in Iran War ranks alongside Suez & Iraq as a major strategic failure

It’s the end of US energy dominance

Middle East oil has been the cornerstone of US foreign policy since 1945

Gone, baby, gone

#Iran #Hormuz #Geopolitics #China #MiddleEast #Energy #History

[JBorn @JBorn1975]

@infraa_ 💯

[Keith McCullough @KeithMcCullough]

The Fam remains long of the US Dollar which just went roof again

[JBorn @JBorn1975]

@RealJohnGaltFla 💯

[JBorn @JBorn1975]

@DonMiami3 Totally agree with that. Sadly, centralization/nationalization is the direction of the US. Much like Italy under Mussolini.

[JBorn @JBorn1975]

@JoshYoung @newtgingrich It is. Nothing but.