Thursday, July 9, 2015

Mounting Evidence

One of my favorite Mungerisms goes a little something like this:

  1. Blowhard Gertrudes his remarks with a comment much like "I don't know much about formal economics, but..."
  2. Blowhard blows. Hard. What follows can be summarized as a fusillade of economic ignorance.
  3. Munger serenely looks the blowhard in the eye and responds, "dear sir, I believed you when you said that you don't know much about economics. But then you went and proved it. Kudos to you."
Of course, most blowhards aren't members of the most august chamber of Congress, assembled.

To cut to the chase:
Bernie Sanders favors raising the Federal minimum wage to fifteen bucks an hour.
Bernie Sanders is simply appalled that youth unemployment is so high.

People, with politicians like this, why do we even have a civilization at all?
People, with politicians like this, how do we even have a civilization at all?

Of course, there's always the possibility that he knows exactly what he's doing. If you wanted a cohort of the young dedicated to securing the dominion of the sovereign, I could hardly sketch a better battle plan.

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Do you have suggestions on where we could find more examples of this phenomenon?