Month: January 2018

On June 11, 2017, Michael Harris, proprietor of the Price Action Lab trading system and blog, published a post Cryptocurrencies, Helicopter Money and The Dangers of Hyperinflation, arguing that crypto currencies will create hyper-inflation and that it’s the equivalent of ‘helicopter money’: This is money created outside of the system through software. It is equivalent… Continue reading Cryptocurrencies are not inflationary, nor is it ‘helicopter money’

In the post 2017 Year In Review I predicted weakness in Bitcoin and another strong year for stocks: …As mentioned earlier, I expect the stock market to continue its surge in 2018, but am less optimistic about Bitcoin and other currencies, and that’s why I sold some Bitcoin two weeks ago to put in the… Continue reading The daily view: correct predictions, stock market forecast, accelerationism, and DACA

30 minutes into his New Years live stream, Jordan Peterson announced plans to unveil an IQ test that would be integrated into a ‘career path’ package–the third such program after the success of his self-authoring program and his ‘understanding myself’ ‘big five’ personality test. However, from a business standpoint, an IQ test may not be… Continue reading Jordan Peterson plans to unveil an IQ test

Today’s idiot and why hedge funds are a scam: The man who bet $1M that #bitcoin could hit $50K by the end of the next year breaks down his call @AriDavidPaul Investor Ari Paul Bets $1 Million That Bitcoin Price Hits $50,000 by 2018 Just as lottery tickets are an ‘idiot tax’ on poor, low-IQ… Continue reading The bitcoin hedge fund rip-off

Foucault was not a philosopher in the deep and abstruse ontological and epistemological sense, but more of a political and social theorist, with an emphasis on psychology. His writing are heavily politically motivated. His main idea as outlined in Madness and Civilization and other books, that mental disorder is a social construct, was perhaps a… Continue reading Notes on Michel Foucault

Sometimes it seems there’s too much counter-signalling and intellectualism signaling online. It’s as if the most mortal sin online is to be perceived as narrow-minded about an issue or not understanding it fully, even if such understanding goes against the prevailing ‘tribal’ narrative. The Jordan Peterson community is ostensibly opposed to postmodernism, yet comments that… Continue reading High-IQ discourse: correctness is more important than consensus

An article published in Hacker Noon, Playing the Financial Bubble Game, by Dr. Kling, went viral. And yet it is mathematically impossible for all of the bullish investors to get out with a profit. If a stock goes from $10 a share to $100 a share and back down to $5 a share, then on… Continue reading Playing the Financial Bubble Game, by Arnold Kling

Trump did not want to be US president, new book claims Based on his prior work, such as an unflattering 2008 biography of Rupert Murdoch, the author is biased, and it’s possible he is only choosing quotes and anecdotes that make Trump look bad. Also, he may have fabricated quotes, has he allegedly did in… Continue reading Trump, president de jure

Bryan Caplan has a formidable track record at winning bets I Win All My Ebola Bets Some of these bets are obvious. Easy money can be made betting against crisis, than for, as I have demonstrated in my own personal investments/bets in the stock market. Most people it would seem overestimate the odds of drastic… Continue reading Don’t Bet Against Bryan Caplan

It’s pretty amazing how quickly the Bitcoin tides have changed. Just two weeks ago, with prices close to $20,000, Bitcoin seemed unstoppable, but prices have now fallen 35% and cannot get up. “$30 transaction fees?” “You fool, you don’t buy a cup of coffee with Bitcoin. It’s gold. You are supposed to hold it.” I… Continue reading Consider Altcoins