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Economics Stories for Thursday
By: Karl Denninger   Thursday, June 05, 2008 11:09 AM

And we deserve it because when we decide we like some candidate we throw our ability to think critically out the window.

Ron Paul, for example, is so horribly against Congressional spending that he votes against many spending bills. But then he sticks earmarks on them, and justifies this as "well, I'm working for my constituents."

This sort of crap is the height of hypocrisy. He places a "no" vote that he knows will not have any effect on the outcome, but then he uses a non-voting, non-transparent mechanism to grab as much federal money as he can for his district.

Ron Paul's office claimed that his desire "not to get faxes" was about cost control. That's a flat-out bald-faced lie. A $50 PC - literally, even an old 1995 80486 - can run FreeBSD (free, as the name implies) with a $20 fax modem connected to it. When I ran MCSNet a 90Mhz Pentium had eight old Telebit T3000 fax modems attached to it and handled all our fax communications for an entire office, with eight lines! Such a system can receive faxes and email them internally (or externally) to whoever you'd wish. The cost of the software to do this? Zero. The cost of the hardware? An old PC - of any vintage, including something you were about to throw out at home with any sort of ethernet card, and any old external modem that can fax (which is basically all of them.) These days you can literally fish computers like this out of the trash - I probably have a couple of Pentium Pro 200 motherboard laying around somewhere that are gross overkill for this sort of thing. The recurring cost of supplies for such a machine? Zero; it emails the results and generates no paper. The administrative time and cost? Zero - these are production systems and require no attention; they store nothing and just sit in the corner quietly doing their job. The same machine can accept (using a Windows plug-in) faxes from your Windows desktop (it looks like a Postscript printer) and send them out too. If Mr. Paul's office (or anyone reading this) would like to verify any of this, check out http://www.freebsd.org and http://www.hylafax.org. There you are - all free. If Ron Paul's staff is too incompetent to handle this, they need to be fired and replaced. If his staff does know this and are lying, they are dishonest and need to be fired and replaced.

I despise hypocrites and the reason Mr. Paul has garnered my ire is that he's one of the worst on The Hill in that regard.

Make up your mind.

If the current tax system is improper then its blood money. You either stand for it or against it. If you exploit the system you are the system, despite your claims to the contrary.

At least the Democrats, such as Dodd, Obama and Clinton tell you up front that we're the system and we think its good.

Ron Paul is the worst sort of mendacious jackass; he claims the system is corrupt and improper but he then exploits that same system to steal as much money from all of us as he can in order to "return it to his constituents."

We get the government we deserve, and we deserve this sort of idiocy because we continually send these fools back to DC.

In truth we the people deserve the financial storm that is coming because we have engaged in our leach behavior for the last 20 years, continually sending people who claim to be against the "waste" in DC, but we want them to siphon off as much of the "waste" as are able for ourselves. We have demanded (and gotten) "free" medicare, "free" drugs, and all other manner of "free" entitlements.

In point of fact none of these things are free.


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