the North Pole

yesterday

Now that I have watched my Dion, there's no plan as to where to go.

The next time you cover Elton John please cover Dixie Lily.

was

Do we need a Love and Mercy soundtrack?

The potential target markets for a Love and Mercy soundtrack are:

- people who already are Beach Boys fans
- people who are not that familiar with the works of Brian Wilson and The Beach Boys

We can safely assume some rare tracks would make a Beach Boys fan buy the soundtrack.

And let's say a person, who does not own any Beach Boys albums, watches the movie and decides to find out more about Brian's music an official movie soundtrack is an obvious "gateway album". You watch the movie Love and Mercy --> you like Love and Mercy --> you google "Love and Mercy soundtrack" --> you buy the Love and Mercy soundtrack --> you like the songs on Love and Mercy --> you buy more Beach Boys albums == a new Beach Boys fan is born.

Releasing a soundtrack does not have any real downsides. Instead it is a great tool for attracting more fans. Plus hardcore fans get some rare tracks they have not heard before. I really hope there is no behind the scenes schism at Capitol Records preventing a soundtrack from being released.

Please release the soundtrack.

breast-massaged

Twenty-four

gianormous

orgie

This is really sad news, I really enjoy Jack's contributions to the Beach Boys.

and

Lei'd in Hawaii.

[Link:]

Interesting No Pier Pressure behind scenes footage with Daria explaining how she took the cover photo, Brian explaining how he wrote the album and what it means to him, interviews with Don Was, Kacey Musgraves , Nate Ruess, She and Him, Sebu Simonian, Blondie Chaplin + Al, Blondie and Brian working in the studio together.

Link: https://www.youtube.com/watch?v=QPHPYULAS1k&feature=youtu.be

asses.

penetrated

You're the best, Desper!

Post more cats, RR.

What part of the Austrian School do you think is wrong, Chocolate Shake Man? In your own words.

And the link you posted is not that great. I will expand on this tomorrow, it's almost midnight here.

[Claim: There are central banks in many places - Canada, Europe, etc.]

Claim: There are central banks in many places - Canada, Europe, etc.
Yes.

Claim: In fact, for about 40 years of the 20th Century, all through a period in which the US had central banking, the gap was quite small, on par with most countries.
When was this and how big was the expansion of the currency supply during this time?

Claim: The United States is pretty unique in how its gap between rich and poor has widened so much in such a small period of time.
Things changed a whole lot for Americans on August 15th, 1971. Look at the M0 and M1 charts, you will find them rather telling.
 
Claim: Note the year 1928 -- it shouldn't be surprising since this was the last period of significant de-regulation, which led directly to the crash of 1929, just as it did in 2008.

You think you found a correlation? Really? Where is it? Do you think the foundations of the Great Depression was laid in 1928? In 1924 the Fed tried to intervene in the American economy by - you guessed it! - expanding the currency supply, which led to a bank credit expansion of over $4 billion in less than one year. The Fed did the same thing in 1928, but this time in an even larger scale.

Austrian business cycle in short: Inflation and credit expansion always precipitate business maladjustments and malinvestments that must later be liquidated. The expansion artificially reduces and thus falsifies interest rates, and thereby misguides businessmen in their investment decisions. In the belief that declining rates indicate growing supplies of capital savings, they embark upon new production projects. The creation of money gives rise to an economic boom. It causes prices to rise, especially prices of capital goods used for business expansion. But these prices constitute business costs. They soar until business is no longer profitable, at which time the decline begins. In order to prolong the boom, the monetary authorities may continue to inject new money until finally frightened by the prospects of a runaway inflation. The boom that was built on the quicksand of inflation then comes to a sudden end.

Read the whole thing here: https://mises.org/library/great-depression. It is really enlightening.

The rest of your post is made up of unsubstantiated claims. You have to be more specific if you want me to address them.

Why did it only take the American economy one year to recover after the 1921-1922 depression (with no "help" of central planners)? It was just as dire as the 1924 situation.

[How Inflation Helps Keep the Rich Up and the Poor Down]

@Larry Franz

If you are pro "income equality" you might want to stop supporting the two parties who let the Fed run wild with their destructive policies? If you intend to vote next year please read the two short excerpts below.

How Inflation Helps Keep the Rich Up and the Poor Down by Jörg Guido Hülsmann
Source: https://mises.org/library/how-inflation-helps-keep-rich-and-poor-down

Inflation is an unjustifiable redistribution of income in favor of those who receive the new money and money titles first, and to the detriment of those who receive them last. In practice the redistribution always works out in favor of the fiat-money producers themselves (whom we misleadingly call central banks) and of their partners in the banking sector and at the stock exchange. And of course inflation works out to the advantage of governments and their closest allies in the business world. Inflation is the vehicle through which these individuals and groups enrich themselves, unjustifiably, at the expense of the citizenry at large. If there is any truth to the socialist caricature of capitalism — an economic system that exploits the poor to the benefit of the rich — then this caricature holds true for a capitalist system strangulated by inflation. The relentless influx of paper money makes the wealthy and powerful richer and more powerful than they would be if they depended exclusively on the voluntary support of their fellow citizens. And because it shields the political and economic establishment of the country from the competition emanating from the rest of society, inflation puts a brake on social mobility. The rich stay rich (longer) and the poor stay poor (longer) than they would in a free society.


How Central Banks Cause Income Inequality by Frank Hollenbeck
Source: https://mises.org/library/how-central-banks-cause-income-inequality

...

This brings us to the second undesirable and unjustified source of income inequalities, i.e., the creation of money out of thin air, or legal counterfeiting, by central banks. It should be no surprise the growing gap in income inequalities has coincided with the adoption of fiat currencies worldwide. Every dollar the central bank creates benefits the early recipients of the money—the government and the banking sector — at the expense of the late recipients of the money, the wage earners, and the poor. Since the creation of a fiat currency system in 1971, the dollar has lost 82 percent of its value while the banking sector has gone from 4 percent of GDP to well over 10 percent today.

The central bank does not create anything real; neither resources nor goods and services. When it creates money it causes the price of transactions to increase. The original quantity theory of money clearly related money to the price of anything money can buy, including assets. When the central bank creates money, traders, hedge funds and banks — being first in line — benefit from the increased variability and upward trend in asset prices. Also, future contracts and other derivative products on exchange rates or interest rates were unnecessary prior to 1971, since hedging activity was mostly unnecessary. The central bank is responsible for this added risk, variability, and surge in asset prices unjustified by fundamentals.

The banking sector has been able to significantly increase its profits or claims on goods and services. However, more claims held by one sector, which essentially does not create anything of real value, means less claims on real goods and services for everyone else. This is why counterfeiting is illegal. Hence, the central bank has been playing a central role as a “reverse Robin Hood” by increasing the economic pie going to the rich and by slowly sinking the middle class toward poverty.

I love it Rab, and you know I don't generally like covers.  The electric guitar toward the end totally does it for me.

Sounds like a Brian Eno production.

And she's pretty.

David Krugman is a laughing stock amongst us Austrians and for good reasons. It's like he is deliberately wrong on purpose all the time.

• He wants to make people richer - by confiscating their wealth (taxes)
• He wants to stimulate the economy (the production of goods and services) - by producing goods and services no-one wants (fake alien invasion)
• He wants people to consume more - by expanding the currency supply (makes people poorer)
• He wants to end bubbles created by the Fed - by having the Fed creating new and bigger bubbles

The list goes on and on. And on and on.

Great cover! Sounds great.

Better Off Dead is my favorite Elton John song. The 1979 live version he performed in Russia is pure brilliance: https://www.youtube.com/watch?v=9bffP1d8jsM&spfreload=10