The trend of elites, but more broadly, the professional-class, pulling away and ahead of the working-class, began in earnest in 2008, after the financial crisis, when the wealth and education gap really exploded (such as the college wage premium, ballooning salaries for tech, finance, medical, legal jobs, etc., surging stock market, etc.). I call this… Continue reading The Rise of the Professional Class

In response to a tweet by Robert Reich regarding Elon Musk’s wealth, Eric tweeted: Would you like to discuss this and related matters? I would be open. https://t.co/3j7TUgu1aO pic.twitter.com/YWnHebkNV9 — Eric Weinstein (@EricRWeinstein) August 29, 2021 As people in the comments noted, the graph Eric chose was misleading: This jump in the graph is misleading… Continue reading Don’t Blame the Fed for Tesla’s Stock Surge

From Arnold Kling’s blog Tyler Cowen Disagrees with me about Inflation But for a variety of reasons, nowadays the inflation tax is not very useful (“Seigniorage returns from inflation are especially low in the contemporary environment”) as a source of revenue. And inflation is very, very unpopular (“The median voter hates inflation”). So the government’s… Continue reading Infation and the national debt, not a concern yet

I have been thinking about the decline of the alt-right, why it failed, and why right-wing political movements fail in general. In summary, grifters and hacks destroyed the dissident/alt-right. Conservatives/republicans destroy everything they touch…the tea party, the alt-right, gamergate, etc. Every single genuine grassroots movement has been destroyed by these people as soon as a… Continue reading The Trouble with Politics

Form Moldbug’s Substack Circling” and nerd society While there is much to say for educational tracking, the minute anyone is placed in a “gifted” class (curiously, I got the exact same IQ score as the Unabomber), their tribal loyalty is transferred to nerd world. I even went to nerd camp—the whole nine yards That probably… Continue reading A Market for Everyone

In a viral essay, Richard Hanania asks Why is Everything Liberal?. He cites examples such as universities, schools, teachers, etc. being overwhelmingly liberal. But quantity is not the same size. Yes, the left has control of most of the cultural institutions, but the size and importance of those institutions relative to the overall economy and… Continue reading The Declining Relevance of Cultural Institutions

If you visit cryptocurrency reddit subs, one thing you may observe is that hardly anyone is making money, for reasons discussed earlier: too much volatility relative to returns, inconsistent gains, exchange hacks, and other reasons. Turing a $100 deposit in Coinbase into $200 is considered an enviable success in in the world of crypto. It… Continue reading 3x Tech ETFs Destroy Bitcoin

The stock market is sure acting like this is of no consequence, and predictions of this being the undoing of the US hegemony so far have been wrong or premature. The fall of Saigon only saw America become bigger and more powerful than ever in the decades following. America’s dominance is more cultural , economic,… Continue reading Afghanistan: The Big Nothing

The problem with conservatism is that it has adopted the same universalist values as the left. Like the left, conservatives go out of their way to prove how un-racist they are. Conservatives are opposed to CRT, but for the same reason the left supports it. Conservatives seek a post-racial society, whereas liberals seek a post-white… Continue reading The Universalism of Conservatism

Scott’s article Adumbrations Of Aducanumab went viral, which takes aim at the FDA for purportedly delaying potentially life-saving treatments. Most people seem to be in agreement with Scott that the FDA is too inefficient, too slow, and too stringent. Yet there needs to be some sort of impartial filtering mechanism for separating the wheat from… Continue reading The FDA Debate, and the Infant Fish Oil Saga