Saturday, February 19, 2011

Toward Centillion Dollar Deficits: How Big Can They Get?

I never knew the number after one trillion.  Until the Bush and Obama administrations there was little need for the trillion number.  I suspect only mathematicians, physicists and astronomers needed to know their names.   Now, trillion dollar deficits are routine, and the federal government is gearing up its printing press to go even further.  Soon, we will see quadrillion dollar deficits.  But what comes after quadrillion?

I looked up the names of numbers on Wikipedia. It won't be too long before we see centillion dollar deficits (10 to the 303rd power; in contrast one trillion is 10 to the 12th power).

From Wikipedia:
Name Short scale
(U.S. and
modern British)
Long scale
(continental Europe,
archaic British, and India)
Authorities
AHD4[1] COD[2] OED2[3] OEDnew[4] RHD2[5] SOED3[6] W3[7] UM[8]
Million 106 106
Milliard 109
Billion 109 1012
Billiard 1015
Trillion 1012 1018
Quadrillion 1015 1024
Quintillion 1018 1030
Sextillion 1021 1036
Septillion 1024 1042
Octillion 1027 1048
Nonillion 1030 1054
Decillion 1033 1060
Undecillion 1036 1066
Duodecillion 1039 1072
Tredecillion 1042 1078
Quattuordecillion 1045 1084
Quindecillion (Quinquadecillion) 1048 1090
Sexdecillion (Sedecillion) 1051 1096
Septendecillion 1054 10102
Octodecillion 1057 10108
Novemdecillion (Novendecillion) 1060 10114
Vigintillion 1063 10120
Centillion 10303 10600

Wednesday, February 16, 2011

Fool You Once, Shame on Fox News. Fool You Twice, Shame on You.

I congratulate myself for avoiding the legacy media.  Many conservatives watch Fox, but its owner, Rupert Murdoch, has economic interests in line with other legacy media owners: General Electric, owner of NBC, MSNBC and CNBC;  Sumner Redstone, owner of CBS; the Ochs Sulzberger family's trust, inheritor of  The New York Times; and Warren Buffett, part-owner of The Washington Post and Capital Cities ABC.   Each benefits from America's Federal Reserve Bank (Fed)-based monetary system and from big government regulation.  The value of their stock increases with monetary expansion.  As a result, the legacy media rarely discusses the Fed; it deliberately keeps the public in the dark about the Fed's actual operations; and its publishing arms refuse to publish books critical of the Fed.

In contrast, Ron Paul is for abolishing the Fed.  So he directly threatens the super-rich, corporate America and the legacy media. It is to be expected that Fox will oppose him. But Fox News's Bill Hemmer's apparent falsification of the news reflects a new journalistic low, even given Fox's pro-Fed, big-government bias.  

Mike Marnell, publisher of Kingston, New York's innovative Lincoln Eagle newspaper, has forwarded the video below, which is posted on Youtube.  The video shows clips from Fox News in which broadcaster Bill Hemmer apparently  falsifies his coverage of the CPAC proceedings.  What is disturbing is not just that Hemmer shows last year's CPAC proceedings, claiming that they occurred this year, but also that he overtly lies, asserting that last year's video is from this year.  Assuming that the Youtube video is truthful, Hemmer's and Fox's deliberate lying about Ron Paul ought to give every viewer pause about Fox.

Fool you once, shame on Fox. Fool you twice, shame on you.

Sunday, February 13, 2011

Of Penumbras and Führerprinzip, or How William O. Douglas Established American Nazism

The concept of a "living Constitution" is dictatorial. That it has gained currency in the US Supreme Court is evidence that the Court's authority needs to be truncated.  The Constitution does not give the Court the right to decide on the constitutionality of laws.  This is what the Constitutions says in Article III, section 2 about the Supreme Court's powers:

>The judicial Power shall extend to all Cases, in Law and Equity, arising under this Constitution, the Laws of the United States, and Treaties made, or which shall be made, under their Authority;--to all Cases affecting Ambassadors, other public Ministers and Consuls;--to all Cases of admiralty and maritime Jurisdiction;--to Controversies to which the United States shall be a Party;--to Controversies between two or more States;-- between a State and Citizens of another State,--between Citizens of different States,--between Citizens of the same State claiming Lands under Grants of different States, and between a State, or the Citizens thereof, and foreign States, Citizens or Subjects.

This does not say that the Supreme Court has the power to declare a law unconstitutional.  Rather, it says that the Court has the power to adjudicate cases UNDER the Constitution AND the laws.  In the Federalist No. 78 Hamilton argued that courts had the right to INTERPRET and LIMIT statutory authority:

"It is far more rational to suppose, that the courts were designed to be an intermediate body between the people and the legislature, in order, among other things, to keep the latter within the limits assigned to their authority. The interpretation of the laws is the proper and peculiar province of the courts."

The Constitution does NOT give the Court this power, but Chief Justice John Marshall arrogated it anyway in Marbury v. Madison.   But judicial interpretation, even if granted, does NOT give the Court any authority to invent new interpretations in constitutional "penumbras" or "emanations" as Justice William O. Douglas put it in Griswold v. Connecticut.  The decision to regulate contraceptives is a state level one, not a federal level one.  The distinction is critical because the Court has used this case to arrogate ever more extreme degrees of power to itself.  In this, it has gradually become a dictatorial power.

The Constitution is clear that legislation is the province of Congress. It is also clear that there is a method to change the Constitution via amendment.  Therefore, there is no need for the Supreme Court to do more than INTERPRET existing law. 

During his National Socialist rule Hitler declared that he was the ultimate source of legitimacy in Germany, which he called the leader principle or Führerprinzip.  Under the leader principle all legal, social and economic decision making ultimately rested with him.  In a similar manner, the Supreme Court claims a Führerprinzip to legislate new laws and decide on old ones, which it calls "legal emanations" or the "living Constitution."  This is an outrageous and illegal arrogation of power, and it needs to be stopped. The Constitution is specific. The Court can adjudicate cases, nothing more.  It is believable that it is necessary for the Court to have the power to interpret constitutionality and to limit legislative authority. But that is all.  The living constitution evolves through amendment, not through William O. Douglas's Führerprinzip.

If the justices are self-serving pigs who cannot stop themselves from arrogating power, the American legal system has failed and it is time to reinvent it, perhaps basing a new statutory system on traditional common law.

Who Is John Galt?

 I heard at the Ulster County Republican dinner on Friday night that the film version of Atlas Shrugged, rumored for more than 50 years, was unveiled at the CPAC meeting. The film's website is here.  This is the trailer: