On Hoarding

Hoarding: a crutch word used by Marxists who refuse to acknowledge a free market exists without their dictatorial wishes.

I have been hearing lots of "hoarding" talk lately.  Actually, much longer than that.  I don't mean the acceptable, descriptive compulsive hoarding that actually describes a behavior that may or may not be bad.  No, I am talking about the "hoarding" usage flying around whenever the price of anything goes up.  Wikipedia has a perfectly fine description of economic hoarding:

In economics, hoarding is the practice of buying up and holding resources so that they can be sold to customers for profit.

Followed by a perfectly fine descriptions of possible causes:

Hoarding behavior may be a common response to fear, whether fear of imminent society-wide danger or simple fear of a shortage of some good. Civil unrest or natural disaster may lead people to collect foodstuffs, water, gasoline, and other essentials which they believe, rightly or wrongly, will soon be in short supply.

Economically speaking, hoarding occurs due to individuals obtaining and holding assets thought to be undervalued and build up reserves of it in hopes to profit or save money later. Examples include times when price controls were in effect as in the case of Germany after World War 2, communist countries, or after natural disasters when goods are in such short supply that consumers stockpile (this is sometimes compounded by anti-price gouging laws which prevent the supply and demand curves from functioning). In these cases the hoarding disappears after the price controls are removed.

 This is one of the rare cases where I will endorse the Wikipedia treatment of a topic.  Unfortunately, the common usage lately veers quite a distance from what is quoted above.  The clanging Leftist/Marxist banshees of the internet have defined "hoarding" through usage as "you are not selling at a price I like" (see above, the communist countries) and it is frequently used in conversations involving gold or silver.  Unshockingly, these caterwauls increase with the frequency of gold and silver investment advertisements on radio and television.

Here is a bit of free investment advice: if you hear commercials about a great investment, it is not a great investment.

Mind you, these people who use "hoarding" as a pejorative are probably the same people who would advocate your death if you tried to tell them what to sell a pepper and salt shaker set for in a yard sale, but they have no problem demanding that gold sell for $25 per ounce.  Yes, you read that right.

One of the popular scripts (even if they will not admit to, or know that they are using a script) is "gold (or another commodity) is at a high price due to hoarding." Followed by a few illogical leaps and concluding with: "It is just like the tulip bubble, they were trading so high one was worth a whole farm, then the bubble burst."

Interestingly enough, "hoarding" does not adequately explain the tulip bulb bubble.  That was a supply and demand "problem" where tulip bulbs became more popular than the suppliers could keep up with.  At the date of this writing, we have a quite different "problem" with refined oil products.  There is no supply shortage at all, in spite of the unrest in North Africa and the Arabian Peninsula.  Unlike the USA and parts north, those countries do not discourage oil production.  If the rest of the places on earth that have oil reserves actually encouraged oil production and refining, the price would be lower and more stable.  Additionally, oil is hard to "hoard" once it is removed from its natural container of rock.

What amazes me about every single person who tosses the "hoarding" accusation is that they are so passionate about the high price of something that they don't have a use for.  If you are in the electronics or jewelry industry, you do have uses for gold and silver.  The complainers are never manufacturers of products that use gold or silver, they are people who want to buy some cheap and wait until it is valuable, i.e., they want to engage in precisely the same behavior that they are carping about.

So, what are they really complaining about?  They are complaining about a perceived behavior that they do not like in others, but it is perfectly fine for them: buying and holding assets.  In other words, they are authoritarians and hypocrites.

The "solutions" for getting someone to sell their property "soon" are: offering a consideration that they will accept, stealing it or having the government steal it from them.  That is a pretty short list and covers all the bases.  The next time you hear someone complain about "hoarding" just ask them what they propose as a solution.

Additionally, if they attempt to use as evidence that a price of something (usually tulip bulbs) was high once and cheap now ask them if they really, truly believe that the highest price anything attained is supposed the be the only price until Sol becomes a Red Giant, or are fluctuating prices more the natural order of things?  Salt is no longer used as money either.  Any complaints about that?  Mayor Bloomberg, take down your hand.

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Marxist Tied Group Backs Report on Tea Party’s Alleged Racist Ties

NAACP Backs Report on Tea Party’s Racist Ties | The Atlanta Post:

"(Washington Post) — A new report, backed by the NAACP, has found what it says are efforts by white nationalist groups and militias to link themselves to the tea party movement. The report, called Tea Party Nationalism, uses news articles, visits to white nationalist Web sites and observance of tea party functions to claim that tea party events have become a forum for extremists “hoping to push these (white) protesters toward a more self-conscious and ideological white supremacy.”

Read More…"

Either they or their readers are contextually challenged when they think images like this are any evidence of racism.

The authors of this 'report' include Marxist Leonard Zeskind.  The spin attributed to the Washington Post is telling.  The tea party movement is loudly accused of being tied to racists and the story says that alleged racists are trying to make inroads into the tea party.  Which is it?  A good bet is neither.  However, the NAACP likes to play both sides on many issues, like supporting Marxists and denying that they are a Marxist front group.  Their ever evolving definition of "racism" has made taking them seriously impossible in the 21st century.


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Islam: The Religion of Peace and Cosmotarians

This is the first image Google gives
me for "Cosmotarian Slut"?

John took his shot, now I am taking mine.

The coverage on the Ground Zero Mosque by Reason is laughable. Does their Cosmodroid fixation on the personal biases of some really have any place in a libertarian discussion about anything? I say no and I am pretty new to this too. I thought personal preferences were a big libertarian issue, that is preserving the rights of individuals to think as they may as long as it does not harm others.  In the case of the proposed Cordoba Mosque (re-branded as Studio51 or something), Reason has article after article about how any objection to the facility (recreation center, Mosque, foot washing fort, whatever) is only based on bigotry.  Hey, Cosmotarians, bigots are people too, and that is not even the issue.

People certainly have a right to be offended, in the same way that Tim Cavenaugh has the right to be offended by people who do not share his love for Judy Garland and her body of work. Why waste time complaining about that when there is a real issue of government steam rolling abuse going on? Is that not a true libertarian issue, or am I missing the whole point of being a libertarian?

I read Reason for a reason, to be informed of libertarian issues. For some reason, Reason has been ignoring the private property issue in Manhattan (yes, there are many, this is about the WTC site, that was attacked by the adopted soldiers of Cosmoitarians and I think the reason mentions in this paragraph only count as two drinks). Today is one of the first days in over a year that I did not bother looking at the site (until after work) since my “good morning” message, and I see I didn't miss a damn thing, unless you call Radley Balko managing to mention the Ground Zero Mosque (actually I missed that yesterday and caught it today) without bashing Sarah Palin an improvement.  That is another staple of Reason, if the Cordoba Mosque is to be mentioned, Sarah Palin must be bashed.  If there are Cosmotarian Sacred Scrolls, this must be one of the top edicts and Radley must be drinking virgin martinis for this infraction.

Enough of that, the issue at hand is the overly powerful mayor of New York and the even more powerful New York Port Authority misusing their power to streamline one house of worship into a space while they prevent another, that had been in the neighborhood for ages, from even rebuilding. THAT IS THE FUCKING ISSUE, REASON COSMOTARIANS!

Some troll ass (“The Angry Optimist”, who seems to only appear when he wants to call me a boy and changes his name to one of several and call John me) repeats the same comment about this issue, never providing anything of substance to any conversation: “No conservative cared about the Church being slighted until a few days ago.” So damn what? Many of us didn't know about the Greek Orthodox Church getting screwed by the Port Authority until a few days ago and that still does not change the fact that the Port Authority and the Mayor are giving the Mosque special treatment just because it is a Mosque. Reason is doing the same thing. It would still be special treatment if the Saint Nicholas Church never existed. Why didn't we read it first on the pages of Reason about this Church getting shafted? Simple, Cosmotarians hate Christians and they love Islam. No? Then you come up with a better answer.

Reason saying anything nice about Church or Synagogue property is as rare as them using “illegal” in a discussion about immigration. In yet another rarity, even that happened today in a Gillespie post. One person in the comments seemed to notice it too.  The fact remains, when property is owned by a non-Muslim congregation, Cosmotarians become Marxists on the private property issue.

So, Libertarian Magazine of Record, give me a reason to keep reading you instead of Slate, The Nation, The New Republic, or the World Socialist Web Site. They have the same attitude you do when real property is owned by a group of people who worship anything besides Ayn Rand.  I was being overly nice there.  I think my business is going to The National Review soon anyway.

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