Trump’s immigration bill

Sentiment = feels. Action=change. Which of these two do you think is more substantive. The immigration bill is not really a win for Trump, and such enthusiasm is like putting lipstick on a pig. If the bill fails, then the left wins by default and…

Education and workers, part 2

Contrary the popular belief that US education system is designed to mold workers, I argue that this is wrong, for the following reasons: Schools are purely meritocratic, where one’s success is dependent on producing correct answers on tests and assignments, whereas in the workplace the…

Is the U.S. Education System Designed to Create Obedient Workers?

NEWS & POLITICS Our Public Schools Are Churning Out Drones for the Corporate State ‘Schools create obedient workers’ (82 Posts) Think You Know Why Compulsory School Exists? Think Again. Do you think public schools in your country are designed to make kids docile, obedient workers…

Wealth, Intellectualism, and Individualism, Part 14: the trinity

Finally, there is the intersection of these pillars. Elsewhere, if it’s not internet and social media fame, high-IQ people are making all the money in the post-2008 economy, whether through stocks, high-paying and prestigious jobs, real estate, entrepreneurship, or venture capitalism. And whether it’s the…

A we in an Economic Ponzi Scheme?

A research report, Hallmark of an Economic Ponzi Scheme, by John P. Hussman, Ph.D., is going viral. Even Wiki, which is supposed to be impartial, does not paint a flattering picture: John Hussman (born October 15, 1962) is a stock market analyst and mutual fund…

Fish Farm Economies

I’m sure many have read Scott’s famous ‘fish filter’ parable, as an example of a coordination problem and how cooperation is better than individualistic self-interest (as detailed in MEDITATIONS ON MOLOCH and the THE NON-LIBERTARIAN FAQ). The problem is this contrived example fall apart when…

Trump and Kim Meeting: Another Correct Prediction

It’s been a huge past few weeks for Trump: 1. Trump’s pardoning of Dinesh D’Souza, who convicted over some trivial matter, has received widespread support among his party. Many agree his conviction was motivated by politics than any serious wrongdoing. 2. Trump granting clemency to…

The Great Bitcoin Wealth Transfer

As Bitcoin plunges below $7,000 (at $6,800 as of writing this), it looks like I was right yet again in predicting lower prices for Bitcoin. One can just look through the blog post history to see that have I been telling people to sell since…

The High-IQ Homo Economicus

Excellent article by Free Northerner The High-IQ Homo Economicus This is one off those articles that everyone-both the high-IQ right and high-IQ left–can relate to, as an example of a shared narrative and as part of the ‘great debate’ raging online about economics. Although Free…

The usual suspects are at it again predicting crisis

The usual suspects are at it again predicting crisis: Tariff increases could bring us back to 2008 crisis levels, World Bank warns World Bank: Trade disputes threaten global economic growth World Bank warns trade tensions could cause 2008-level crisis These are the same people who…