China-US worse case scenario

As I have been saying on the blog for years, I don’t believe there will be any deterioration of US-China relations beyond the usual tariffs and hawkish rhetoric. The media, on either side of the aisle, is hoping for US-China relations to suddenly take a…

The smart fraction/faction theory of economic growth and success

Interesting finding Cognitive Capitalism: The Effect of Cognitive Ability on Wealth, as Mediated Through Scientific Achievement and Economic Freedom, by Heiner Rindermann and James Thompson, 2011. Average national IQ correlates well with GDP per capita and other measures of development. But is average national IQ…

The capitalism vs. communism debate, part 2

People talk a lot about government failures, but the private sector is no stranger to failure either, although, overall, in spite of such failures capitalism is superior to communism (again, assuming one much choose between either or, which is never the case anyway), but I…

Capitalism and its dissident discontents

Interesting video by Ramz Gates Paul, “Communism Sucks” The problem is, Ramz defaults to a false dichotomy that one must choose between capitalism or communism, when in reality most governments are a mix of social welfare and private enterprise, with varying amounts of regulation and…

China not a threat to US

Cold War Now or Hot War Later I don’t believe China is a threat to the US, and I would be willing to put money on the line that China-US relations will not deteriorate over the next decade. For decades pundits have been predicting such…

Countering some wrong Covid arguments

Most of the arguments, on either side of the Covid debate, are petty bad, which is why I have criticized both sides, whether it’s criticizing RamzPaul, who is vehemently anti-quarantine, or Nassism Taleb on the other extreme. People get basic facts wrong, make reasoning errors,…

Pandemic not a threat to ‘FIRE’ movement

The pandemic and ensuing market crash and joblessness has called into doubt the viability of the FIRE (financial independence, retire early) movement: Self-made millionaire says the concept of retiring early ‘will disappear’ due to the coronavirus pandemic However, such fears are unfounded, and adherents of…

Innovation and economic stimulus can coexist

I agree with everything in the video except the false dichotomy Musk presents between spending vs. innovation. As the above Elon Musk clip shows, libertarian-leaning pundits create this false dichotomy that one much choose between social spending or the private sector–and or–that former comes at…

The Age of the Homebody Has Only Begun

This article is going viral The Age of the Homebody Has Only Begun We now have available to us more home entertainment options, and of a higher quality, than ever before. With so many top cultural institutions making their performances available to all online, aficionados…

Coronavirus: Pandemic sends US jobless rate to 14.7%

Coronavirus: Pandemic sends US jobless rate to 14.7% But wasn’t it supposed to be 20-30%, or even worse than Great Depression? What ever happened to that? Goes to show how the media is wrong. 15% is not even that high given how many businesses have…