The Germans have a word for it:  schadenfreude (shay-din-froy-deh).  It means someone being happy over someone else being unhappy.  The only English equivalent is the term "Roman holiday," referring to the happy excitement Romans got over gladiators' suffering in the Colosseum.

It says a lot about us that we don't even have a word for this terrible and all too-common emotion.  Yet all of us have probably experienced it at one time or another, and right now it's hard to resist it regarding folks who are biting the financial dust with ethanol.

As this recent story, Ethanol Boom Is Running Out of Gas, in the Wall Street Journal details, the glut of ethanol plants has caused a collapse of ethanol prices while the price of the corn from which it is made is rising.  Thus many ethanol companies are now "under deathwatch."

So of course, the corn farmer lobby and ethanol producers are screaming for more subsidies from Congress.

They won't get them because a Nobel Prize winner has just pounded in the final nail in ethanol's coffin.

No - not the phony you just thought of, a real Nobel Laureate.

Chapter Twelve: Angry Gods

The Spaniards now devoted themselves to building Villa Rica de la Vera Cruz. On a plain half a league from Quiahuitztlan (qwee-ah-weets-tlan), a fort was erected with high wooden walls and watchtowers, followed by a church, market place, arsenals, barracks, and officers’ quarters.

Cortez himself was the first to work, digging trenches and hauling foundation stones. Cajoling his officers to join him, they all set to work, as did all the soldiers at whatever task they could do ? making bricks, nails, and lumber, working the lime kilns ? while over a thousand Totonacs labored with them. Within less than three weeks it was habitable enough for the colony to be formally founded (1).

A few days after "Villa Rica" had been established, a delegation of Mesheeka nobles arrived, led by a military commander named Motelchiuh (mo-tell’-chee-you), and including two of Montezuma’s nephews. Motelchiuh grandly presented Cortez with the gilded helmet requested by Tendile at the sand encampment of San Juan de Ulua. It was now filled with gold dust ? as Cortez had requested.

When the government "fines" you for not buying health insurance, is it, in fact, a fine, a tax or government extortion?

The biggest U.S. banks have been "fined" something in the neighborhood of $125 billion (yes, billion) over the past five years, without anyone in the banks or the banks themselves charged or convicted of criminal wrongdoing. How can that be?

Countless individuals have had their property (automobiles, cash and bank accounts) seized by state, local and federal law enforcement officials, including the IRS, without being convicted of wrongdoing. How can that be?

The distinction between a tax, a fine and government extortion is not trivial, particularly when fines are running into the tens of billions or even hundreds of billions of dollars of revenue for the government.

The  basic and clear provisions of the Constitution's Article I and the 4th and 5th Amendments are violated on a daily basis by all too many ignorant or corrupt law enforcement officials, and upheld all too often by judges who think their own opinions trump the Constitution.  How can we put an end to this?

Envy is passive greed. It is also the result of a particular way of thinking of yourself.

Greed as it is commonly used refers to an "excessive or rapacious desire, especially for wealth or possessions." Of course there can be a beneficial effect to a desire for more, when it is channeled through the free market system, where in order to get more yourself, you have to create value for others - as Milton Friedman so brilliantly explains here.

Envy is an expression of that same "excessive or rapacious desire, especially for wealth or possessions," but with a difference: the envious person does not believe that he has the ability to earn the things that he desires. Which leaves only one alternative: he must covet what others have attained for themselves.  For very good reason does the 10^th Commandment condemn it.

Greed and envy are the negative qualities that you can fall into when you allow your Rat Brain to guide you - following your impulses and automatic responses without regard to your consciously chosen principles, values, and priorities.

The dysfunctional nature of greed and envy have one thing in common: a fixed trait mindset.

On our hike through the Garden of the Gods at the TTP Summer Rendezvous last August, TTPer Ed Sanders gave me a good-natured ribbing about my mentioning in some previous article that I loved to celebrate things by drinking good red wine in a Reidel crystal glass.

Ed and his wife Susan, it turns out, are the US distributors for Reidel's competitor, WineStar.  "Our hand-blown unleaded crystal leaves Reidel in the dust, Jack," Ed told me.  "If you drink a favorite red from our Diamond Cru instead, you'll be blown away by the difference."

Ed kindly offered to send me a sample to prove it.  There was a shipping delay and it just arrived.  Okay, I asked myself, I've got the glass - what do I celebrate? 

Well, tonight, October 12, there is celebration to savor.  Not only is it time to toast the 515^th anniversary of Columbus' discovery of America, but of the world's greatest buffoon winning the world's most tawdry and degraded award.

Whatever glass you have, WineStar or not, fill it full and raise it to Algore's Nobel.  You can be quite sure that one person who will not is Hillary Clinton.