Donate to Ace of Spades HQ!
« Boehner: I'll Give You a Short-Term CR Hike In Exchange for Negotiations | Main | Throwing My Hands Up »
October 10, 2013
Obama's Empircal Rationalist Patriots Settle on New Talking Point: People Who Disagree With Our Profligate Spending are "Economic Traitors"
I was thinking about this earlier today, or last night. Before the "Economic Traitor" bomb got dropped.
During the French Revolution, the leftist (they were leftists) totalitarian government attempted to inflate away its problems by just printing up a crapton of paper money. This was a very early example of paper money. Technically, it wasn't money per se, but rather each bill represented a share of the government's eventual "profits," if you can call them that, from the sale of property they had confiscated from the Catholic Church and from aristocrats declared traitors.
One of their cute moves was to declare someone a traitor, and then, when he fled to England or Austria to escape the lynch mob, to confiscate his lands as he had "abandoned" them.
So this paper money, called assignats, actually had, or was supposed to have, a fixed value -- each of the (say) ten million "bills" printed was supposed to represent one ten millionth of the eventual "profits" from selling off confiscated land. I guess rather like a bond? I don't know.
Now even though France had these assignats, they were by no means the standard currency; the standard currency of trade was still gold and silver coins.
The leftist government -- which was busily turning the plazas red by guillotining citizens by the thousand -- soon found itself getting into, get this, cashflow problems,* so they began just printing up more assignats to pay their bills.
Now you can see the first problem here: the total sum of wealth devoted to satisfying the facial value of each assignat remained more or less constant (oh, some new estates were added to the pile as more Traitors were discovered, the biggest pile of loot was stolen from the Catholic Church in the early days; for all intents and purposes, the value of the stolen property remained constant). And yet a lot more assignats were being printed up.
And the government insisted that assignats -- now thoroughly inflated so that they had but a fraction of their Official value -- still retained their official value. As regards, importantly, the exchange rate for gold and silver.
And now we come near to my point: Breadmakers in Paris sold bread for assignats, which is a currency the urban poor had (as the government was pumping it out in their hands), but had to pay for wheat in gold.
And wheat's price in gold did not go down. (In fact, it went up, as this was a tumultuous time with lots of blood and fire.)
So breadmakers were being forced to pay in gold for wheat, and then were required to sell the bread at maximum prices in assignats set by the state.
For a loss. For a drop-dead loss.
Well, many breadmakers realized they sort of would go bankrupt if they were required to sell a week's worth of bread for, say, the equivalent of twenty silver livres and yet also had to pay farmers thirty silver livres for the wheat required to make that bread.
So what they did was to begin storing wheat, in hopes that the price of bread would one day be high enough to make a profit on. And they made less bread, seeking to only sell to those who could pay in coin.
And so what then happened is that the government declared this Illegal Hoarding and trooped off a bunch of bakers to the guillotines for their appointment with the National Razor.
The charge? Economic Treason.
My point here is that this is inevitable in a socialist system. The schemers assert that they will impose their will -- their crude, ignorant, mewling will -- on the iron laws of economics.
They always fail, because, in the end, Math doesn't care about your Intentions and Five Year Plans.
And what next comes is that the Schemers have to begin offering reasons for their latest failure.
And their go-to excuse is that they're being stabbed in the back by Economic Traitors.
President Barack Obama’s senior White House adviser and former campaign manager David Plouffe accused House Republicans of “committing economic treason” during the partial government shutdown on Thursday.
This isn't just David Plouffe, either. Jeff Schweitzer, who identifies himself as a "Former Senior Policy Adviser for the White House," writes pungently of the New Treason at, where else, the Huffington Post.
When Radicalism Becomes Treasonous
I'm glad you've put so much thought into this accusation of capital treason against your fellow countrymen.
The GOP could point to a fuller definition of treason to argue their actions are not treasonous: "the betrayal of one's county by waging war against it or by consciously or purposely acting to aid its enemies."
This man, incidentally, says he's some sort of scientist. I imagine he fancies himself as a sophisticated, enlightened, nuanced thinker.
Just checking here: Despite a key administration official and his former flunkies making slapdash Stalinist accusations of Economic Treason, we're still the extremist, emotional, screaming anarchists, right?
Right. I thought so.
We've come an awfully long way from "Dissent is the ultimate patriotism," haven't we?
A government and its sycophants branding its critics "traitors."
This should work out well. There's nothing at all here to be alarmed about, except for Everything.
* I should say that they began with cashflow problems. The Revolution was sparked by... debt and an inability to pay for it. That's the whole reason the Estates General were called, in order to break the usual rules against the King's imposing higher taxes on the commoners.
And then it all went sort of sideways, squiffy, and pear-shaped, as a British guy might say.
Oddly enough, most nobles were not taxable, either due to straight-up Nobel Privilege or due to previous cash-generating schemes, like Cardinals Richelieu and Mazarin selling future immunity to taxation in exchange for a lump-sum current payments -- a great way to raise money in the moment, but that will cause problems with income in the "out years," as they say.
I guess I should also point out that they were then in a bit of World War, as well.
Ricardo Kill: ""Every year, there are reports of Italians tragica ..."
Hrothgar [/i][/u][/b][/s]: "We do likewise on the Gulf Coast, with our meatbal ..."
Ricardo Kill: ""Birthdays, etc. It's almost as if they don't care ..."
Donna&&&&V (a white) (whitely brandishing ampersand privilege ): "You have to be very careful when you're harvesting ..."
Lizzy [/i]: ">>Which would you rather do, stay there and ..."
Village Idiot's Apprentice [/i]: ""I believe we've discussed not mixing the pasta an ..."
Ricardo Kill: ""But I did not know, until this day, that it was D ..."
Aetius451AD: "271 It can be done. Chef Biordi was the first to p ..."
grammie winger, sign of The Time: " I guess Mooch is not spending Valentines Day wit ..."
Citizen Cake: "Our free trade agreements seem to mean we freely t ..."
Brother Cavil, hither and yon: "[i]"Plus, you can just scrape right off, the pesto ..."
Bruce With a Wang!: " Pub landlord 'told by council officers to remove ..."
EMT 2/13/16 [krakatoa]
Overnight Open Thread (12 Feb 2016)
Damn It Feels Good to be a Clinton
AoSHQ Podcast #133: Michael Walsh
Two great MilBlogs (XBradTC)
Very Nice Gun Rights Piece
Nature vs. Nurture (CBD)
Morning Thread (2-12-2016)
Polls! Polls! Polls!
Real Clear Politics
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Primary Document: The Audio
Paul Anka Haiku Contest Announcement
Integrity SAT's: Entrance Exam for Paul Anka's Band
AllahPundit's Paul Anka 45's Collection
AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings)
George Bush Slices Don Rumsfeld Like an F*ckin' Hammer
Top Top Tens
Democratic Forays into Erotica
New Shows On Gore's DNC/MTV Network
Nicknames for Potatoes, By People Who Really Hate Potatoes
Star Wars Euphemisms for Self-Abuse
Signs You're at an Iraqi "Wedding Party"
Signs Your Clown Has Gone Bad
Signs That You, Geroge Michael, Should Probably Just Give It Up
Signs of Hip-Hop Influence on John Kerry
NYT Headlines Spinning Bush's Jobs Boom
Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?"
Signs that Paul Krugman Has Lost His Frickin' Mind
All-Time Best NBA Players, According to Senator Robert Byrd
Other Bad Things About the Jews, According to the Koran
Signs That David Letterman Just Doesn't Care Anymore
Examples of Bob Kerrey's Insufferable Racial Jackassery
Signs Andy Rooney Is Going Senile
Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance
Collective Names for Groups of People
John Kerry's Other Vietnam Super-Pets
Cool Things About the XM8 Assault Rifle
Media-Approved Facts About the Democrat Spy
Changes to Make Christianity More "Inclusive"
Secret John Kerry Senatorial Accomplishments
John Edwards Campaign Excuses
John Kerry Pick-Up Lines
Changes Liberal Senator George Michell Will Make at Disney
Torments in Dog-Hell
The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Movable Type 2.64