Lisa Cooke keeps her FED position on the board

I think it’s important to put that in context. You live in the best country in the world and the best time to be alive. You have benefited from others plying their trade and capital to improve our lives.

The current state of affairs doesn’t have anything to do with ideas of capitalism and more broadly self determination. It has to do with the reality that all hierarchies tilt towards corruption.

Our system is a terrible one, except for all the rest. I see no value value in systems that cede more personal freedom to a different kind hierarchy equally capable of corruption and even more likely to end up there.

I think most people would be better simply being grateful for what they have. Where they want to improve life for others, think and act locally rather than acting with hubris and try to reimagine entire social frameworks and redirect ingrained human behavior.

Most working class families in rural areas didn’t have indoor plumbing and regular hot showers until the 1950’s. You walk around with a device that has nearly 1mil times the compute power of the greatest supercomputers from the 1970’s. Seriously, we have it pretty good.

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*except for Medicare, government-run healthcare, as you noted above, 14% of Federal budget (Medicaid is another 12%) because you need healthcare and a more free market system will kill the average person faster (if you have many millions, free market healthcare may be affordable)

People aren’t rushing from Medicare to a crappier system, although plenty of people would be happy to make Medicare worse.

You never answered, do/will you have government-run Medicare? Any loved ones on Medicare, Medicaid, VA?

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I don’t really have an interest in discussing the medical care system. Except to say, the only socialized one is the VA which also happens to have one of the worst records. We would probably be better off ending the program and folding veterans into a system where they can choose from an array of private hospitals and healthcare providers. The fact that the govt might administer this program is not socialism. Of course, the tax dollars that fund these social ambitions come from the efforts and success of free market activity.

Well, we are discussing government-run enterprises.

Medicare and Medicaid are quite big ones - that many people benefit from, perhaps including your family, but you won’t say.

Perhaps these systems need improvement, I’m sure they do.

How about we find the best ways to improve them?

I’m not hung up on ideology.

If the best ideas come from free market, great. If another idea is more regulation, government intervention, more socialist, so be it.

Let’s forget ideology and do what works.

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Here’s a small list of very popular programs in the United States:

  • Interstate highway system
  • Air traffic control
  • Municipal power grids
  • Unemployment insurance
  • Social Security
  • Medicaid
  • Public libraries
  • Fire departments
  • Police forces
  • USPS

Any idea what common thread all these popular programs have?

They all rely on socialist principles.

Capitalism requires constraints (checks and balances). Unfettered capitalism results in anarchy.

Currently, all 3 branches of our government are reducing or ignoring these checks and balances.

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Have you travelled around much? The best country? By what measure? The best time to be alive? By what measure?

Sure it does. Since its founding, the US has continuously felt the strain between capitalism and democracy. We’re living in a moment when the inegalitarian nature of capitalism has seriously corrupted our democracy.

“As I explain in what follows, in our current moment, it is not a crisis of capitalism that challenges democracy, but its triumph.”

I think our country was founded by people who refused to accept the status quo. Ungrateful bastards! Heck, after reading the 27 grievances detailed in the Declaration of Independence, it’s hard not to think of the group as a bunch of whiny weiners.

In the spirit of our upcoming semiquincentennial of independence, there are those of us who love our country for what it is, and others who love it for what it aspires to be. I belong in the second camp, that does not make me ungrateful.

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Extensively.

We have more at our fingertips than at any point in history. I guess growing up without much, you appreciate what I have vs my parents and their parents. We call that gratitude.

Life is generally unfair and no system can correct for that reality. Capitalism exists everywhere, it just functions most efficiently when human beings largely making their own decisions. Democracies are corrupted all the time and often where free markets operate least efficiently. But, there is a much more important principle which is protecting the minority of one and our individual pursuits of happiness. As Thoreau said, I would rather sit alone on a pumpkin than crowded on a velvet sofa. I personally don’t want to be told what to do by others with the bulk of my time and resources. Ironically, societies that operate with that as an underlying principle have done more to elevate the human condition.

I share your love for this country and the ideals it represents. The aspirations of this nation are built on the idea of manifest self destiny and the preservation of our negative rights. If you fail to see the 500 years or so of evolution in thinking that pre-dated our 250 years of independence that brought those concepts to light, I would say that makes you ungrateful or at least blind to the fact the current issues, are miniscule by comparison.

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Which modern countries are in the top 5 with respect to adhering to that underlying principle?

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So what are your measuring sticks for the best? Military budget?

Not to pick a nit, but “we” don’t call that gratitude. Gratitude is an intrinsic awareness and appreciation of what is good in one’s life, it doesn’t require a comparison to others. In fact, that comparison to others either sabotages gratitude, or provides a deluded sense of gratitude.

As for the remainder of your yada, yada, yada, post…Ramble On.

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Internally or externally?

Difficult to answer and depends on what is being measured to suggest adherence to that principle. Should we look at freedom of expression, religion, property righs, movement, right to self defense, economic factors, such as regulatory burdens? The Freedom index in my mind is something that attempts to quantify it but is not really an adequate measure. It weighs things that are not as important as others. For example, Scandanavian nations rank high on the index but most of them have far more restrictive views on absolute expression by individuals than the US. The individual tax rates are much higher at the lower end, which trades off individual freedom of choice with one’s economic resources.

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Semantics, the source of that appreciation is immaterial only that it exists and one’s focus. I think this is where the conversation is losing its lustre. The fact that much of the discussion here centers on what is not working rather than what is, does demonstrate a lack of gratitude. Certainly, if your belief is things are worse off than they were for prior generations, you lack an appreciation for what you have in absolute terms and on a relative basis.

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Well, you claimed:

And provided literally zero examples of these societies.

You didn’t list even one of these societies that you wrote “elevated the human condition.”

Not even the US?

The closest you came was to write “Scandinavian nations” which are decidedly more socialist than the US.

Why should we take any of these claims seriously?

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The Nordic countries tend to limit free speech around hate speech and defamation, threats, slander, etc. But I guess people like you just want to be “free” to do such things.

Admit it - you don’t want to live in a society.

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Oh snap, the gratitude police joined the conversation!

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The US has penalties and recourse for defamation that are not entirely different than those nations. We do take a more absolute view on the expression of speech, including hate speech. It’s not because we want hate speech but because the definition of it becomes subjective and often by those towards whom it is addressed.

The simple utterance that at a biological level a male cannot become a female would be considered hate speech by some.

I have no interest in you or anyone else being the arbiter of what is defined as free speech. One of the telltale signs of the rise of authoritarianism is the restriction on speech, something to keep in mind for those hyper concerned about dictatorial behavior. The problem is it is often couched as for the greater public good, which is exactly what you are doing. One of the most important things about hate speech is it provides an outlet that is non-violent rather than allowing it to fester underground. It also makes it easier to identify and then call it out with greater and more vocal rebukes. It’s not a one way street.

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Don’t you think it’s about time? I think we’ve listened enough to those predicting the decline of civilization with grand plans of how to reorient entire societies to try and solve every social ill, whining about how little of their own circumstances are within their control.

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It said no such thing. And those who are worried about the NYT are free to read the Wall Street Journal, that Murdoch owned left-wing rag. Let’s see what they say:

. . The Supreme Court rejected President Trump’s bid to fire Fed governor Lisa Cook with little legal scrutiny.

The 5-4 ruling reaffirmed the central bank’s longstanding insulation from presidential control. But in a second decision, the court voted 6-3 to let Trump fire officials at other independent agencies for any reason—a major expansion of presidential power.

They did not say he couldn’t do it. They said he couldn’t do it because there was little legal scrutiny, but if that was satisfied he could. I note that even that decision was just one vote away from the other released yesterday, which gave him carte-blanch to fire almost any government employees at will, shredding civil service protections which have existed for nearly 150 years. (You know why they came about? To end the corruption, graft, and discontinuity of government lurching from side to side with each new incoming administration. Not good for business. Very good for corruption.)

Baloney. The Fed is not totally independent, they just said Trump can’t fire the Governors at his own pleasure. Congress wrote in a “without cause” clause for a reason. You should try reading some history. The Fed was structured the way it is in a tug between rural and urban; rurals were worried about centralized power, so 12 separate regions were set up. Urbans were worried about continuity, so the “without cause” codicil was added.

Well, this is what I mean about knowing history. The Rural Broadband program was started in 2009. Starlink did not exist until 2015. 2009 was, by the way, really late for US households to get internet. In rural areas all they had was dial-up AOL until then, a full decade after the rest of the country upgraded. If we have learned anything in this country (I’m sorry, at least some of us) it’s that we all do better when we all do better. Rural electrification helped farmers, but it also helped the rest of us with lower prices. The Transcontinental Railroad helped the West, but it also helped the East with flow of goods and gold, and opening new markets. Rural Broadband was another piece of infrastructure that the country decided was important for people to have. (Note: it passed under a bipartisan vote and was signed into law by Obama.)

In fact some of the others are quite good. Longer lives, less crime, better health care, more happiness, fewer homeless, less unwanted pregnancy, less incarceration, and the list goes on and on. Those are generally the societies that have a capitalist base but have some heavily socialized aspects in healthcare and safety net. You could read about it if you could discard your prejudices.

I’m guessing you don’t want to discuss it because you don’t know much about it? Here’s something for you to consider about the VA

The **[Veterans Health Administration (VHA)](https://department.va.gov/vha/)** is **highly regarded**, frequently outperforming private sector hospitals in independent patient satisfaction surveys and safety metrics. However, experiences vary widely depending on the specific facility and the complexity of the medical care needed.

The quality and experience of VA care breaks down into the following key areas:

  • Quality of Care: Independent assessments, including Medicare-administered surveys, show that VA hospitals frequently beat private-sector facilities in patient safety, hospital cleanliness, and overall quality of care. Several studies have found that surgical and clinical outcomes at VA centers are generally equal to or better than private hospitals.
  • Cost & Accessibility: For eligible veterans, there are generally no premiums or deductibles, making it a highly affordable system. The VA also accommodates patients by expanding night and weekend clinics
  • You’re in a bias bubble, dude. Try to get outside and get some fresh air.

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    This was an attempt at humor. You didn’t need to take it literally.

    I was referring to the latest expansion under the Biden Adminstration as part of the bipartisan bill that allocated $65 billion towards broadband that help underserved areas. Starlink was to be a substantial beneficiary that provided a far lower cost method of rolling it out. The FCC denied starlinks application for the RURAL DIGITAL OPPORTUNITY FUND. The claim was starlink had not proven its ability to deliver sufficient upload and download speeds. Under a new administration and FCC oversight, the decision was chagned.

    Are you actually citing a government website extolling the benefits of the VA? We have seen under just about every administration going back to GW Bush published problems with care and bureaucratic red tape promised to be fixed by his and subsequent administrations. Who is living in a bubble?

    https://www.military.com/daily-news/2024/04/12/decade-after-scandal-va-health-care-may-be-another-crossroads.html

    Report: Poor Care at VA Hospital Caused 9 Deaths : NPR

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    The Republicans love the military when they are active duty and can become canon fodder. When it comes to paying for benefits after they retire, or (worse) are injured they duck and run. Time after time, improved benefits for veterans are voted for by Democrats and against by Republicans.

    I’ve said it before, the GOP has a long history of starving government so they can claim “see, told ya, government is broken”.

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