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Archive for March, 2012

Diamonds: you’ve been had, suckers

March 14th, 2012 1 comment

RingsAh, diamonds. The ultimate symbol of an eternal commitment between two people in love, right? In fact, here in America, this sentiment is so strong that a diamond ring is viewed as an absolutely essential component of a marriage engagement proposal by virtually everyone. And of course, the more expensive the diamond, the more impressive the display of love—there are even helpful guidelines in place to let men know the minimum acceptable amount to spend when shopping for an engagement ring (two months’ salary, guys).

But did you ever stop to think about how diamonds got elevated to this lofty status? Or why nearly every American couple chooses to express their commitment in exactly the same way (by spending several thousand dollars on a rock, of all things)?

The answer is that most Americans behave this way because they were told to. The genius marketing minds at N.W. Ayers & Son created the diamond market essentially out of thin air way back in the 1930s with an advertising campaign that taught us that diamonds = love, and Americans have been paying exorbitant prices for essentially worthless rocks ever since.

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Democracy thwarted by idiot voters

March 2nd, 2012 1 comment

Interesting article up on Yahoo! News that highlights the biggest flaw in democratic systems: the voting population. According to research, the average person simply isn’t intelligent enough for democracy to work well. Not surprisingly, a democratic process combined with a largely unintelligent population overwhelmingly tends to produce mediocre results.

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Air Marshals: our ridiculously expensive clowns in the sky

March 1st, 2012 3 comments

I just caught Congressman John Duncan’s recent speech about domestic anti-terrorism spending on YouTube (or if you prefer, you can read the transcript on Duncan’s website). His comments are right on the mark, and it is refreshing to see somebody in our government standing up to speak out against the “security at any cost” mindset that has gripped America.

I was especially intrigued by Duncan’s rant against the TSA’s Federal Air Marshal Service (FAMS) program. Duncan claimed that a USA Today report asserted that more air marshals have been arrested than the total number of arrests made by air marshals (I was able to locate the article here). Considering that taxpayers are putting up nearly $1 billion every year to pay for the FAMS program, it doesn’t sound like we’re getting a very good deal.

I read some more and discovered that Congressman Duncan has been on a crusade against air marshals for awhile now. In 2009, he delivered a speech on the House floor criticizing the FAMS program for being “useless” and wasteful. Reading his speech, I was shocked to learn that while we have about 4,000 air marshals in service, the entire organization manages to average only 4.2 arrests per year.

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