Has democracy become too expensive for capitalism? Part 1

This article is going viral, having been shared on Xenosystems, Slate Star Codex, and elsewhere: Has Western-style democracy become too expensive for capitalism? This short article offers a lot to unpack. The central reason why Western democracy is in decline is that its capitalist bedfellow…

HBD-as-Destiny Thesis (part 5 of predicting series)

Pinterest Raises $150M at $12 billion valuation That so obvious, inevitable web 2.0 ‘bubble’ just refuses to burst. Valuations refuse to fall despite so many pundits predicting they would. The past seven or so years, every single thing that the media called a bubble, they…

The Permanent Ascendance of the Status Quo

By The Money Illusion: One by one, the anti-EMH arguments collapse This is a really great article and agrees with everything I have been trying to convey for the past six or so years. It’s too bad it’s marred by the last paragraph that detracts…

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…

The Merging of Economics with Physics

Why Are Physicists Drawn to Economics? If you are one of these people, let me try to disabuse you of these notions. Your mathematical abilities are actually not that much better than most economists (if they are better at all). You will have to spend…

The Misplaced Logic of Attacking the Rich

A couple weeks ago a post about Jeff Bezo being the second-richest person in the world went viral. Many were aghast that a singe person could have so much money…how unfair when that money could be put to better use, so the logic goes. Why…

Why Gold Fails as a Hedge Against Inflation (and when it works)

In the aftermath of Trump’s win, something that wasn’t supposed to happen, happened. Inflation expectations surged, but gold got clobbered: The GLD fund, a proxy for gold, fell 8% (from $125 to $115) in the days immediately following Trump’s victory, and then it fell another…

Bifurcated Inflation

The news cycle as of late has been like watching paint dry…months ago I predicted such slowness, but even I am kinda surprised by the uneventfulness of the Trump administration so far. The administration started off with a ‘bang’ with that travel ban many weeks…