Peter Schiff (not to be confused with Jordan Peterson (although they look and sound similar)), warns the Trump tax cuts will cause high inflation and collapse of the US dollar. Peter Schiff has been wrong about everything, going as far back as I can remember. How he still has any credibility is a mystery. Here… Continue reading Peter Schiff Wrong as Always: How the Trump Tax Cuts may actually be Deflationary
Author: smartistone
Trump disillusionment, part 2
The Trump derangement syndrome isn’t just limited to liberals, apparently. From Fred Reeeeeed: First Transgender President: Trump Becomes Hillary Glance at a small part of the record and focus on his changing his tune, not on whether you agree with a particular policy. Erratic, erratic, erratic. He was going to run out the illegals within… Continue reading Trump disillusionment, part 2
Bryan Caplan’s “IQ With Conscience”
Bryan Caplan criticizes what he perceives as ‘brutality’ among IQ realists: IQ With Conscience He starts off strong: I’m an IQ realist, all the way. IQ tests aren’t perfect, but they’re an excellent proxy for what ordinary language calls “intelligence.” A massive body of research confirms that IQ predicts not just educational success, but career… Continue reading Bryan Caplan’s “IQ With Conscience”
Don’t call yourself a libertarian
The Undermotivated Apostate: Two Post-Libertarian Case Studies 2. Pro-welfare-state. Libertarians have a standard list of objections to the welfare state. Some – like opposition to universal programs and concern about disincentives – are very strong. But the radical objections are much more debatable. I can easily see someone with libertarian sympathies reluctantly and cautiously advocating… Continue reading Don’t call yourself a libertarian
The Healthcare Debate, Part 3: Why America Cannot Be Like Singapore
From Vox: Is Singapore’s “miracle” health care system the answer for America? Healthcare is a really complicated issue, with no good answers, which is why it’s such a big debate (if the answer were obvious and the solution easy, there would be no debate and no healthcare problem in America), and also the issue runs… Continue reading The Healthcare Debate, Part 3: Why America Cannot Be Like Singapore
On Progress and Historical Change: Response
Interesting article: On Progress and Historical Change I don’t think the intellectual forebears of ‘progress’–scientists, statesmen, and philosophers, such as Voltaire, Locke, and Bacon–could have conceived progress becoming the monstrosity that it is today, that is 21-century social-justice progressivism, and many of the Founding Fathers and writers of Colonial America opposed direct democracy. The problem… Continue reading On Progress and Historical Change: Response
Post-2008 wealth creation boom: recap and why it will continue
Over and over again, this blog keeps being right: -right abut tech stocks (especially, Facebook, Google, and Amazon stock (Gnon index), all of which keep going up) -right about Bitcoin (been long since early 2013) -right about the post-2009 economic expansion and bull market (now in its 8th year, and will be the longest ever)… Continue reading Post-2008 wealth creation boom: recap and why it will continue
Jordan Peterson – Controversial Facts about IQ: analysis
Another Jordan Peterson IQ video: IQ–which is innate, a strong predictor of socioeconomic success, and constant throughout life–is incompatible with the left’s vision of egalitarianism. Because IQ is so impervious to environment, much of the left’s costly efforts to boost achivement are futile. When the left says they want to boost academic achivement among under-performing… Continue reading Jordan Peterson – Controversial Facts about IQ: analysis
Teaching Students Failure by Failing Them
You see a sort of indignation–almost what can be described a sense of entitlement–on various ‘smart’ sites. I recall a discussion on the popular economics blog Noahpinion in early 2014 (cannot find the link, but I remember the post) where an econ PHD student complained about the weak job market and what he perceived as… Continue reading Teaching Students Failure by Failing Them
Classification of groups, and the meme propagation process
A ‘meme’ is conceived by the second group, which if successful is picked up by the third group, and is propagated to the first group. An example is the alt-right. The third group act as a liaison between fringe ideas and voters. First group: older and middle-aged people who on Facebook, and are very numerous… Continue reading Classification of groups, and the meme propagation process