
Redeemed, husband, father of 4, antiwar Navy veteran & economist, sharing analysis on @StocksNJocks 8-9 AM EST Tuesdays No debate? It's a religion, not science
Burlington, NC
Joined April 2022
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Hal Snarr retweeted
“Disposable Heroes” is one of the longest, most aggressive songs Metallica ever wrote, an eight-minute anti-war assault.
This is Germany, 1985, the night they debuted it live, months before Master of Puppets even came out. And it’s one of only three times Cliff Burton ever played it. He’d be gone a year later.
Hal Snarr retweeted
Norm Macdonald was fired from Weekend Update in 1997 after NBC executives decided he wasn’t funny. A year and a half later they asked him to host the show.
He didn’t open with gratitude or a comeback story. He opened with a logical problem:
How does someone go from “not funny enough to be allowed in the building” to “funny enough to host” in eighteen months?
The monologue that follows treats the invitation itself as the setup.
“Free enterprise” and “capitalism” are not the same. “Capitalism” was used to describe state-granted monopoly privilege in socialist critiques of economies like Marx’s Prussia. Authoritarian egalitarians purposely conflate(d) them to fuel the violent revolution they desire(d).
Hal Snarr retweeted
The SEC stacked its league with brands and money. Its fans now have to live with the losses while the Big 12 keeps getting stronger.
Hal Snarr retweeted
ART IS MORE IMPORTANT THAN POLITICS
From Swift to Moliere to Dostoyevsky artists have been warning for ages that being Very Sure to the point of claiming to know how other people should behave is a 100% predictor of jackassery:
open.substack.com/pub/taibbi…
Hal Snarr retweeted
Apparently, wanting to keep your own money is greed, but wanting to spend everyone else’s is compassion.
Dee Snider making Senator Gore look ridiculous. youtu.be/S0Vyr1TylTE?is=2GZM…
While John Maynard Keynes was busy blaming capitalism for the Great Depression, Friedrich Hayek published Prices and Production in 1931 and explained exactly what the Federal Reserve had actually done to cause it.
Central banks expand credit, artificially lowering interest rates below their natural market level. Entrepreneurs, reading cheap credit as a signal that real savings exist, pour capital into long-term projects: factories, infrastructure, heavy production. They borrow at 3% and build accordingly. The Fed manufactured that 3% from thin air between 1921 and 1928. No corresponding pool of genuine savings backed it.
Hayek called this the boom phase. Malinvestment compounds quietly while the party runs.
Then reality arrives. The credit expansion cannot continue indefinitely without hyperinflation, so the central bank tightens. Interest rates climb toward their real level.
Suddenly those long-term capital projects that penciled out at 3% are bleeding money. Entrepreneurs liquidate. Unemployment spikes. The structure of production snaps back violently toward what actual consumer preferences and genuine savings could support.
This is the bust. The depression is the cure, not the disease.
Keynes looked at that same wreckage in 1936 and prescribed more government spending, more credit, more of the exact poison that caused the seizure. Every dollar of "stimulus" the Roosevelt administration injected after 1933 delayed the necessary liquidation and extended the Depression by years. The unemployment rate still sat at 17.2% in 1939, a full decade in.
Hayek handed policymakers the correct diagnosis. They hired a different doctor because his prescription required them to do less, spend less, and control less.
Hal Snarr retweeted
My post about France went viral. Thousands of likes. Many Americans told me: "Democrats aren't socialists. America will never be France." I want to answer that seriously, step by step.
Start with a simple observation. Look at what has gotten cheaper in America over the last 25 years: TVs, phones, software, clothes, toys. Now look at what has exploded: college tuition, healthcare, childcare, housing.
What separates the two lists? The first lives in competitive markets. The second is exactly where government is most involved: subsidies, mandates, licensing, zoning, regulation.
College. Washington lends students almost unlimited money. Universities know the money will always come, so they raise tuition and hire more administrators. The student pays the bill for twenty years. More government money, higher prices.
Housing. Why can't a nurse buy a home in the city where she works? Not because of capitalism. Because of zoning laws, permits, environmental reviews, years of procedure to build a single building. The most expensive places to live in America are the places where it's hardest to build. When building is nearly illegal, prices explode.
Healthcare. The patient almost never sees the price. A third party pays, regulations limit who can compete, and costs climb year after year with no one able to say no.
So here is the trap. The problems you suffer from are not the failure of free markets. They are the places where the market has already been replaced by the state. And the solution you're being offered is more of the same.
That's the Trojan horse. It always works the same way. A real problem. A generous-sounding promise. A program that makes things worse. Then the failure of that program becomes the argument for the next one. People who lived under communism in Poland learned to recognize the lie and the mask the lie wears. The lie never presents itself as a lie. It presents itself as compassion.
In France we are at the end of that road. Debt we can never repay. Young people who can't afford a home. Our best people leaving. And every few years our cities burn. Nobody voted for this. They voted for one more generous promise, fifty years in a row.
If you're a Republican, share this with the Democrat in your life. Not to win an argument. To start a conversation.
If you're a Democrat, I'm not asking you to switch teams. I'm asking you to look at the pattern. Wherever the state took over, life became unaffordable. Don't fix the failures of government with more government.
Stay American. Ask for less state, not more.
I’m French. I want to talk to Americans who are about to vote Democrat. Not to insult you. To warn you.
I come from your future.
In France we did everything your progressive politicians promise. Free healthcare, free college, generous welfare, strong unions, heavy regulation, high taxes on the rich, a state that takes care of everything. Public spending close to 57% of GDP, one of the highest on the planet. On paper, it’s the dream.
Here’s what it looks like from the inside. France hasn’t passed a balanced budget since 1974. Our debt is above 3,300 billion euros. Interest on that debt is becoming one of the biggest items in the national budget. Our hospitals are collapsing despite record funding. Our schools rank lower every year. Young people with degrees can’t afford an apartment in the city they were born in. Our best engineers leave for London, Zurich and San Francisco. And the rich you wanted to tax? They left too, and took the jobs with them.
The promise was protection. The result is stagnation.
The worst part is that nobody in France voted for decline. Every single step sounded generous, compassionate, reasonable. One more program. One more regulation. One more tax to fund it. Each step alone makes sense. Fifty years of them, and you wake up in a country that can no longer build a nuclear plant on time or keep its streets safe.
I love America because it’s the one place on earth where people still believe they can build something from nothing. I came to Silicon Valley as a self-taught kid and it changed my life. That spirit is the most precious thing your country has.
Before you vote, ask yourself one question: is the program you’re voting for making America more like America, or more like France?
Trust me. You don’t want to be France.
Hal Snarr retweeted
Researcher @curryja was once a “rock star” in the climate change movement.
Then she discovered that some scientists conspire to hide data.
“A lot of really ugly things,” she tells me.
She reveals the “manufactured consensus” about climate change:
Judith Curry: How Climate “Science” Got Hijacked by Alarmists
Climate alarmists insist there’s a “scientific consensus” that says climate change is a crisis, and man causes it! Researcher Judith Curry tells me, “it’s a manufactured consensus.”
Hal Snarr retweeted
Austrian economics is reality based. The current economic policies coming from Washington are based on economic fantasies. | Justin M. Ptak
mises.org/mises-wire/austria…
What is the best 80s rock band that didn’t break through? My vote is for @Krokus. Their singer was over the top good.
youtu.be/dJ8Xcr4bMfQ?is=INId…
George Carlin explains the differences between baseball and football.
youtu.be/aIkqNiBASfI
Hal Snarr retweeted
Socialism hard at work under Spain’s Sanchez.
Spain is not an economic miracle. It is a statistical mirage.
The truth about the Spanish economy with Sanchez.
Via @diegodelacruz
@juandemariana_
juandemariana.org/wp-content…
Hal Snarr retweeted
Another instance of ChatGPT making my life easier - @ChatGPT @McDonalds





















