The Funny Thing About North Korea…

…is that there is really nothing funny about North Korea.

Dear ReaderI used to think there was, but earlier this summer I read this book, Dear Reader: The Unauthorized Autobiography of Kim Jong Il, and it changed my perspective.

They are not funny, they are brutal and ruthless. If I bought into the “we need to protect them” narrative that is often used to justify foreign intervention (I don’t, but if I did) North Korea would be first on the list.

The people of the PDRK have been systematically repressed for decades. Even if we were to somehow liberate them today if would generations before they could recover. The ruling family is not crazy, there is a logic and rational to everything that is done. It is evil, pure and simple.

Read the book, it is like reading a slow train wreck, too horrifying to continue reading, too fascinating to stop.

On “trickle-down economics”

“Trickle-down economics” is not a real theory. It is a slur of sorts used by those who dislike the theory of supply-side economics. In fact, the phrase “voo-doo economics” was employed first by George Bush, Sr. (and immortalized in Ferris Bueller’s Day Off by Ben Stein) when campaigning against Ronald Reagan in 1980.

The reality is that supply-side economics has nothing to do with the trickle down effect of tax cuts. In fact, if anything supply side would be best thought of as trickle up, and not about taxation, but about ideas. The more you encourage entrepreneurship and innovation, the more new products, services and knowledge will be created and passed into the economy.

Simply put, supply side economics believes that without supply there is no demand. It is a modern manifestation of Say’s Law – Supply creates demand. Even Karl Marx understood this. Note that he wanted to control the “means of production” not the “means of demand.” Keynesianism, and all it modern manifestations, especially those that emanate from “The Krugtron” (Paul Krugman, PS – He called himself the Krugtron) is based on the exact opposite idea – demand creates supply. It is nonsense, unless you believe in fairies that deliver presents (aka Santa Claus) and big government.

Oh wait, those are the same thing.