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The Left’s Infatuation With Chaos

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Minneapolis, MN. By Kevin Kopf @ Shutterstock.com

As a long-time reader of Andy Kessler’s this is on the money. He writes in a piece titled “‘Get Smart’ About Biden’s Chaos,” for The Wall Street Journal:

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No one actually likes chaos. Well, I do, having spent most of my life in the mosh pits of Wall Street and Silicon Valley, where stasis is death. For some purposes chaos should be embraced. Free markets function best when they are chaotic, not controlled. Why? Because control via regulation often leads to later disaster. Regulations for affordable housing and financing—remember Rep. Barney Frank’s desire in 2003 to “roll the dice” on subsidized housing?—led to the 2008 financial crisis. On the other hand, currencies should be relatively stable, a measuring stick of value, which is why real-world uses of chaotic cryptocurrencies are still a fantasy.

I’m increasingly fascinated by the left-right divide on chaos and control. The left tends to push control by central authority and big government. Meanwhile the right pushes control through law and order while the left keeps electing chaos-happy, weak-kneed “let ’em go” big-city district attorneys, recently adding Manhattan’s Alvin Bragg, who decline to prosecute low-level offenses. Blue states exerted control through pandemic lockdowns and school closings, while red states generally allowed more chaotic liberty, with somewhat similar Covid results.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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