Rick Santelli and the STEM Bailout

Rick Santelli loses it on-air: Rick Santelli, like many other pundits, incorrectly predicted there would be hyperinflation as measured by bond prices, but to some extend he is right about inflation in the numerous services that aren’t tied to the treasury market such as healthcare,…

Ignore the News

A year later, National Review Online is still going on about the IRS emails long after most people stopped caring, including republicans such as myself. Did bad stuff happen? Probably. Will there be a resolution that satisfies the republicans? Probably not. Does the outcome effect…

The Daily View: We’re All Becoming Weirdos

Silicon Valley is the center of the universe – a bastion of innovation, capital creation, risk taking, and an unassailable meritocracy where anyone, regardless of national origin, age, or professional status can become instantly rich through hard work and intellect. We’re witnessing a concentration of…

More Good News For College Grads

In the smartist era, to be a STEM major is to be among the most important and respected people in the world, especially online where such individuals tend to be elevated to deity status. College graduates, particularly STEM graduates, haven’t experienced a decline in inflation…

College, The Economy, and America Being in Decline

From Taki’s magazine Activists for a Stupider Tomorrow Some of themes of this article are: 1. credentialism 2. college becoming too expensive 3. college failing to teach useful skills 4. America being in decline 5. bad job market for college grads Regarding #1, #2 &…

The Uselessness of Pop Social Psychology

From a discussion on Marginal Revolution: iSteve writes: The fundamental problem with the human sciences at present is that what is most replicable is that which is most forbidden to acknowledge: that what consistently matters, time and again, are genetic differences represented by race and…

The Daily View: Making Predictions, Bubbles, and Post Labor Society

An interesting article from Barry about the folly of predicting: As we have detailed far too many times, people are terrible at making predictions. You draw conclusions from a single data point. You don’t know what the economy is going to do, or where interest…

State of the Labor Market

As shown below, while jobs are being created, many of them are in the low paid service sector, but this doesn’t include ‘gigs’ on TaskRabbit or Craigslist, which typically pay even worse. Many people with college degrees hold jobs that a generation ago would have…