Why Foreign Real Estate is a Bad Investment

There is some advice that is so bad, as an act of public service it is necessary to debunk it. In this post, it’s about foreign real estate, or more specifically, why you should never buy foreign real estate. Five reasons not to buy US…

Trump’s Muslim ‘Ban’

It’s been absolute pandemonium offline and online after Trump announced his Muslim ‘ban’. I have never seen anything like this…so much outrage, virtue signaling, and holiness spiraling over something that affects relatively few people and is far from binding. The funny thing is, this is…

Smart, Optimistic Millennials

Browsing /pol/, you’re get a mini history lesson (about the Eastern Roman Empire and Catholicism), an economics lesson (about why Argentina is stagnant despite abundant natural resources, and about sovereign debt yields), a pharmacology lesson (about psychedelics), and even a grammar lesson. If you went…

Doomsday prep for the super-rich

This article by the New Yorker is going viral: DOOMSDAY PREP FOR THE SUPER-RICH (Some of the wealthiest people in America—in Silicon Valley, New York, and beyond—are getting ready for the crackup of civilization.) The article was shared hundreds of times on sites such as…

The American Dream Still Exists–If You’re Smart Enough

From Freakanomics Radio: Is the American Dream Really Dead? It depends how you define it and for whom. The podcast defines the ‘American Dream’ in terms of upward mobility, or the percentage of people born in the bottom fifth of income who advance to the…

Stagnant Inflation-Adjusted US Wages: Putting Things in Perspective

Headlines about stagnant inflation-adjusted wages in the US, are becoming increasingly common. Real wages have not budged since the 60′s: However, WSJ had an article discussing how wages are higher when measured by a different inflation index, and also after accounting for increased employee benefits…

Why NRx is Popular on Reddit

Reddit’s users are predominantly millennials, and ideologically, the site tends to have an anti-authoritarian, anti-establishment, and contrarian bias, yet NRx and related ‘Dark Enlightenment’ views are surprisingly popular there despite reactionaries generally advocating ‘more power’, not less. When Moldbug in 2016 did an AMA it…

Trump Presidency: Sober Expectations

Trump’s inauguration speech was very ambitious….if he accomplishes just 10% of it (and assuming there are no negative economic consequences), his presidency will be a success. Of course, it’s very hard to predict how history will judge Trump, but I’m predicting he will surpass expectations,…

A Skeptic’s View of Fred’s IQ Artilce

From Fred Reed; IQ: A Skeptic’s View As anyone who has read Fred Reed’s columns knows, he has a soft spot for Mexico, possibly stemming from the fact he lives there with his wife and children, ardently defending the country against so-called ‘IQ-ists’ who insist…

The ‘New World Order’

From Unz: Risks and Opportunities for 2017 Russia is now the most powerful country on the planet. I know, I know, the Russian economy is relatively small, Russia has plenty of problems and just a year ago Obama dismissed Russia as a “regional power” while…