Swamped. Brief notes:
A. Slipped up and listened to the news over the radio on the drive in today. Heard the assertion that the stock market is down due to uncertainty over the China trade situation. Such single causes are routinely proposed for whatever the markets do every day.
I am amazed that people can say stuff like this with a straight face. Thousands if not millions of individuals and institutions make buy and sell decisions on stock exchanges every hour. Many if not most of these trades reflect the workings of more or less sophisticated strategies worked out months or years or lifetimes in advance of any individual event. Even more basic, it’s people making decisions in private. Fundamentally, that’s what a market is. Buyers buy at what sellers are willing to sell for; sellers sell for what buyers are willing to pay. Yet we accept that there is *a* cause to whatever the market is doing at the moment?
B. Saw a claim that the current administration is evil and stupid for wanting to create a database of social security numbers for all food stamp recipients, to fight double-dipping across state lines, since less than 1% of recipients in fact double dip.
I don’t know anything about this issue, whether it’s big enough to warrant this or any action. I sort of think not. But I have to wonder: lacking precisely the data such a database would collect, how would one come up with that “less than 1%” claim? You send out a bunch of sociology students to hang out at supermarkets asking people paying with food stamps if they double dip? Or what? Seems a totally made up number, that, given the political motivations for believing it, will soon attain to Scriptural levels of certainty. If it hasn’t already.
C. The human capacity to not mentally break in half from the whiplash caused by snapping from one extreme position to its opposite continues to amaze. The current manifestation: the claim that Trump was going to cause WWIII and the concomitant nuclear holocaust by being mean to North Korea has been replaced with nary a pause by the claim that the ending of hostilities in Korea after 70 years is really no big deal (1), dancing in the streets by actual Koreans notwithstanding. These positions seem to be spouted by exactly the same people more often than not.
Um, what? I’m reminded of cult leaders, who keep the loyalty and even love of their followers right up to and past drinking the cool-aide. It seems nothing so mundane as reality can dissuade the True Believers. Me? I share the evident joy of the Koreans, who seem to me to be in the best position to know what’s going on.
- The conspiracy theories that have mushroomed up around Trump’s success put fake moon-landing and flat earthers to shame.