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Reality In Crisis!

Yes, really! We need a reality czar...!
The UNITED STATES confronts a "reality crisis" says Brian Maher in The Daily Reckoning.
This we know because The New York Times – the Newspaper of Record – informs us it does.
Subversive conspiracies are amok. The internet is a sewer of disinformation...
Some even call the infallibility of the New York Times into some heretics still call the infallibility of the Pope into question.
The results are atrocious. Times technology reporter, Mr.Kevin Roose:
"In the past year alone, we have seen conspiracy theorists cause Covid-19 vaccine delays, sabotage a wildfire response and engineer a false election fraud narrative. We have also seen that if left unchecked, networked conspiracy theories and online disinformation campaigns can lead to offline violence, as they did during last month's deadly Capitol riot..."
Democracy itself dangles in the balance:
"Unless the Biden administration treats conspiracy theories and disinformation as the urgent threats they are, our parallel universes will only drift further apart, and the potential for violent unrest and civic dysfunction will only grow."
As toxic chemicals poison a body, conspiracies and disinformation poison a democracy.
What – then – is to be done?
The drug crisis required a drug czar. The climate crisis requires a climate czar...
And so the reality crisis requires a reality flush the demon toxins that poison American democracy. Mr.Roose:
"Several experts I spoke with recommended that the Biden administration put together a cross-agency task force to tackle disinformation and domestic extremism, which would be led by something like a 'reality czar'."
This Roose fellow concedes a reality czar "sounds a little dystopian." He hears the shade of George Orwell razzing him.
The very thought of it tortures him. But the nation is down with a dire disorder – a reality crisis.
And the needs of the hour are the needs of the hour. The hour needs the man.
They will revoke his czarship once the crisis blows wartime powers are lifted once the war winds blow through.
Here is why we need him today:
The government's approach to disinformation and domestic extremism is scattered. It lacks direction...focus...thrust.
It is a dull blade. A reality czar must therefore sharpen the point:
Right now, these experts said, the federal government's response to disinformation and domestic extremism is haphazard and spread across multiple agencies, and there's a lot of unnecessary overlap.
Do you question the experts?
The Daily Reckoning is heart and soul for reality. Each day we face reality with unflinching stoicism...and a stiff top lip.
Thus we throw in for a reality czar.
Too many Americans harbor deluded and fantastical beliefs. They must be shaken by the shoulders...set to rights...and returned to their senses.
You may believe it or you may not believe it...but many among us reject these bedrock facts:
That the stock market is a mirror of the economy. That it "discounts the future." That the stock market booms because the future is flush. That fundamentals are king...
That stocks – like redwoods – can grow to the sky...
That "buy and hold" is the royal road to stock market riches...
That the Federal Reserve exerts little gravity upon the stock market.
That the same Federal Reserve can and should dictate the value of money for hundreds of millions of independent economic actors. That it should dictate the price of time itself...
That bow-tied experts from ivied institutions can repeal the iron laws of economics...
That negative interest rates are positives.
Again – there are primitives among us who reject these obvious realities. As well deny the nose upon the face, you say.
Yet nothing goes home. These are impenetrable hunks of granite.
They may even deny the obvious fact that Washington axed the cherry tree...or that spacemen constructed the pyramids of Giza.
But horror succeeds horror. For example, these fantasists further deny the truths that:
Deficits do not matter...
That gold is a relic truly barbarous...
That prosperity springs from the printing press, that money and wealth are identical twins, to have money is to have wealth.
Can you believe the dullards? Should they mention the hyperinflations of Venezuela or Weimar Germany, please turn a deaf ear.
What is more, they deny that rising consumer prices are economically healthful...
That diluting the purchasing power of money yields more money, that adding water to milk equals more milk...
That a nation indebted is a nation enriched...that a nation sunk in debt is risen in wealth...
That the individual is a dunce, yet 300 million dunces glued together are Einstein. That is, there are dolts among us who fail to perceive democracy's obvious genius.
We could continue. But mercy forbids it. You have had enough.
But lo, a shaft of sunlight penetrates the gloom. Reality may prevail yet...
The "Protecting Americans From Dangerous Algorithms Act" was introduced in October.
No greater menace exists than dangerous algorithms. The desperately needed legislation would, in Mr.Roose's telling:
"Remove large tech platforms' legal immunity for violent or violence-inciting content that their feed-ranking and recommendation systems amplified, while preserving their immunity for other user-generated content."
Thus you would be protected from dangerous algorithms. With God's grace, this legislation will clear all hurdles.
But the legislative process is lengthy. Tangled. Fraught. The nation cannot wait. It needs its reality czar immediately.
The question next arises: Who should bear the title?
We can immediately eliminate Mr.John Kerry from consideration. He is occupied czaring the climate.
Hillary Clinton? Bill Clinton? Robert Mueller? James Comey? Additional candidates spring to mind...
Rudolph Giuliani? Sidney Powell? John Bolton? Perhaps...Donald Trump?
We are spoiled for choice. Yet we trust President Biden will tap the right man's shoulder.
Much is at stake.
We must resolve to end this reality crisis afflicting American democracy...even if it requires an undemocratic czar.

Formerly an independent researcher and writer, Brian Maher is managing editor of The Daily Reckoning, the contrarian investment email launched in 1999 and now read by over half-a-million people worldwide each day.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

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