Author: smartistone

From Nick Hanauer, guest contributor of Politico: The Pitchforks Are Coming… For Us Plutocrats Its like he’s telling the elite to reform or else face the improbable consequences. Not too convincing, with no actual data of how a concentration of wealth at the top is bad for the economy. Just leftist idealism, historical anecdotes, and… Continue reading Time to Not Raise the Minimum Wage

The ‘quadrantsphere’ is a collection of blogs whose subject matters encompass the quadrant of IQ, economics, race/gender and education, with bloggers ranging from Ross Douthat, to Thomas Friedman, to iSteve, and even this website. Additionally, topics that encompass the quadrantsphere are popular on Reddit and other sites that cater to a predominately educated, technologically literate,… Continue reading The Quadrantsphere and Biological Determinism

From Tyler Cowen’s Ralph Nader interview, the question that most stood out was on the Flynn Effect (bottom of page 4 on the PDF), because Nader’s response encapsulates the modern liberal’s denial of biological determinism, denial of the importance of IQ, and illustrates the general liberal aversion to technology, or tendency to blame society’s problems… Continue reading Ralph Nader’s Predictable Denial of the Importance of IQ

We call the events of 2008 a ‘financial problem’ instead of a ‘crisis’, because it didn’t become a crisis until the liberal media such has the NYT called it one. It was a banking problem contained to some institutions that became a global crisis by the media’s own doing to get Obama elected. 1. Healthcare,… Continue reading 13 Ways the Economy is Getting Better

Taki and Marginal Revolution recently posted articles about immigration. Predictably, they hold diametrically opposing views: Alex supports open borders and Steve opposes, with no equivocation. We take a middle ground, supporting high tech immigration to make U.S. companies more competitive and cutting entitlement spending to encourage Americans to work, thus eliminating the most or all… Continue reading Immigration and The GOP Does Not Need to Reform

Today’s good news: Confidence in Congress drops to seven percent, an all-time low. Let’s give a round of applause to the do-nothing congress for not doing too much. As we wrote before, gridlock and low congressional approval ratings are bullish for stocks and the economy. High approval tends to portend to poor returns. In the… Continue reading Low Congressional Ratings, A Bullish Indicator

Today’s good news: Obama’s approval rating keeps falling. This is good for stocks. More good news: Oil prices are surging, benefiting the energy sector and increasing overall consumer spending through the resulting inflation. The world is awash with so much liquidity as long term yields for major developed countries are at record lows: In this… Continue reading The Daily View: Wealth Creation and Inequality

A broken clock: MARK CUBAN: ‘The Student Loan Bubble Is Going To Burst’ In a clip on Inc.com, Cuban talks about the student loan bubble, which he says will burst and end badly for colleges. The end of the student loan bubble, Cuban says, will be like the housing bubble, where tuition collapses the way… Continue reading College Bashing…Just Another Outlet for Liberalism

Stocks surge as the fed continues to taper. There a few things to take note: interest rates will remain at zero for a long time, we’re still in a Goldilocks economy of steady growth and low inflation, fed policy has been a resounding success at creating wealth, and the taper doom and gloomers were 100%… Continue reading Thanking the Fed for Doing a Good Job