## Debunking the Gold Standard

From the Captain: A couple quibbles: As of 2015, the US dollar is at record highs versus other currencies, hardly a failure. So I guess you could say many currencies have failed except the reserve currencies. The gold standard in encumbering, making it harder for the country to recover from recession & panics. Since the… Continue reading Debunking the Gold Standard

## The Stability and Necessity of Large Systems

Someone writes: Almost everyone makes the same basic mistake when it comes to economics. It is assumed that the markets and an economy tend to be naturally balancing mechanisms. Wrong! Horribly wrong! This is the reality of economies: Economies are naturally in-stable. INSTABILITY is the natural state to which all economies will tend towards, if… Continue reading The Stability and Necessity of Large Systems

## The Daily View: Dumbing-Down the SAT, Matt Levine, China Bubble

The left picks and chooses the science they want to believe in. Science of man-made global warming? Yes. Science of natural global warming? Umm..maybe not. Science of individual cognitive differences? Hell no. That’s why the welfare left, in contrast to the neo/pragmatic left, for the past few decades has been waging war on IQ and… Continue reading The Daily View: Dumbing-Down the SAT, Matt Levine, China Bubble

## How High-IQ People Make Money In The Stock Market

Interesting article, obviously written by someone of above average IQ who has had success day-trading. The market is 99% efficient, but that 1% allows smart people to make money consistently even as the left insists the market is rigged, a zero-sum game, or a bubble. The ‘blank-slate’ left believes that people can only succeed with… Continue reading How High-IQ People Make Money In The Stock Market

## Do Tax Cuts Pay For Themselves? It May Not Matter

There an ongoing debate if lower taxes pay for themselves, but even if the left is correct that tax cuts don’t 100% pay for themselves, it may not matter, especially given America’s reserve currency status. Even though I tend to lean to the right on economic issues, admittedly the Laffer Curve may have been oversold… Continue reading Do Tax Cuts Pay For Themselves? It May Not Matter

## The Left Still Whining About Tech Bubbles & Silicon Valley

In an ideal world, all the smart people – the scientists and engineers, the physicists and mathematicians, the coders and quants – would get all the good jobs and make all or most of the money. The good news is we’re in that world right now, especially since 2008 with the unending web 2.0, real… Continue reading The Left Still Whining About Tech Bubbles & Silicon Valley