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…

The college debate, continued

Bryan Caplan’s ‘The Case Against Education’ — A Review Dr. Caplan is not saying that college isn’t worth it–rather, it’s worth it for all the wrong reasons. From Arnold Kling: Student debt and inequality: You can inherit from your parents: genes; social norms (coming from…

The End of History?

This aticle went viral a few days ago THE CRYSTAL BALL The Official Future Is Dead! Long Live the Official Future! Pundits keep pushing this narrative that society and politics has changed radically under Trump and or that Trump’s win is symbolic of such change;…

Wealth, Intellectualism, and Individualism, Part 13

The low/average-IQ people who lost their jobs in the 2007-2009 recession are often the least intellectually capable of being successful on their own. Its not like people of middling intelligence can suddenly become coders, nor can everyone be an Uber driver (and the pay is…