Sunday, January 31, 2021

A $30B fund sitting inside USDA tees up a tug-of-war

I thought conservatives hated socialism.

"Perdue dusted off the little-known fund and leveraged its authority to help out producers financially hurt by retaliatory tariffs through a combination of direct payments and commodity purchases that eventually ballooned farmers’ bottom lines. The billions paid out to farmers far eclipsed the massive 2008 auto bailout, and accounted for 40 percent of farm income in 2020."

Link here.

Tuesday, January 12, 2021

John Stuart Mill on Conservatives

"What I stated was, that the Conservative party was, by the law of its constitution, necessarily the stupidest party. Now, I do not retract this assertion; but I did not mean that Conservatives are generally stupid; I meant, that stupid persons are generally Conservative. I believe that to be so obvious and undeniable a fact that I hardly think any hon. Gentleman will question it. Now, if any party, in addition to whatever share it may possess of the ability of the community, has nearly the whole of its stupidity, that party, I apprehend, must by the law of its constitution be the stupidest party. And I do not see why hon. Gentlemen should feel that position at all offensive to them; for it ensures their being always an extremely powerful party. I know I am liable to a retort, an obvious one enough, and as I do not intend any hon. Gentleman to have the credit of making it, I make it myself. It may be said that if stupidity has a tendency to Conservatism, sciolism and half-knowledge have a tendency to Liberalism. Well, Sir, something might be said for that—but it is not at all so clear as the other. There is an uncertainty about half-informed people. You cannot count upon them. You cannot tell what their way of thinking may be. It varies from day to day, perhaps with the last book they have read. They are a less numerous class, and also an uncertain class. But there is a dense solid force in sheer stupidity—such, that a few able men, with that force pressing behind them, are assured of victory in many a struggle; and many a victory the Conservative party have owed to that force. I only rose for the purpose of making this personal explanation, and I do not intend to enter into the merits of the Amendment, especially as I concur in all that has been said in the admirable speech of my right hon. Friend the Member for London (Mr. Goschen)."

Link here.

Monday, January 4, 2021

Adams - Fragmentary Notes for “A Dissertation on the Canon and the Feudal Law”, May – August 1765

"Property monopolized or in the Possession of a few is a Curse to Mankind. We should preserve not an Absolute Equality.—this is unnecessary, but preserve all from extreme Poverty, and all others from extravagant Riches."

~John Adams

Link here.