The Krugster writes: This is still true in much of economics, I believe. But in the areas that matter most given the state of the world, it’s not true at all. People who declared back in 2009 that Keynesianism was nonsense and that monetary expansion…
There are dozens or even hundreds of variables the affect stock prices, but it can be reduced to just two: fundamentals and noise. For brevity, we’ll assume fundamentals are measured by inflation adjusted earnings and is a long-term driver of stock and index prices, a…
Liberals like Nicholas Nassim Taleb, Robert Shiller, and Michael Lewis insist the market is rigged, a scam and a bubble, and therefore anyone who achieves long-term, risk-adjusted superior returns is either lucky, ignoring hidden risks, running a Madoff-like fraud, cheating (HFT, dark pools), or in…
The left has been predicting doom and gloom since 2009, to no avail. In 2010, during the first wave of the European debt problem, the left predicted that Greece would pull the rest of the world into a recession; with the market indexes at record…
Vox Day, who looks like Bill Hicks, who looks like Alex Jones, who looks like Christopher Hitches, who looks like Brad Delong, is the author of The Irrational Atheist. I don’t really know what I am (atheist, deist, agnostic, etc), nor do I wish to…
Although this blog has a republican/libertarian bent, the government should play a ‘nurture’ role for those with demonstrable cognitive superiority, as determined by an IQ test, by creating optimal economic environments to allow these exceptional individuals to live to their fullest cognitive potential, as Steve…
Christianity could be inherently liberal – the idea of the perfectibility, malleability, and salvation of man through deeds and other extrinsic virtues, versus salvation through intrinsic factors such as IQ. Jean-Jacques Rousseau’s writings inspired the French Revolution and is the genesis of modern liberalism. From…
IMHO, neo reaction – unlike a political party – is less about engendering action, but more about the acknowledgement and description of reality, as conveyed through articles, blogs, videos, and books. It’s like a think tank, providing resources that politicians, thinkers and business leaders can…
The 10,000 hour ‘rule’ has been so thoroughly discredited that to discuss it further is beating a dead horse, but I can’t resist. Andy Weir’s debut novel, The Martian, was an overnight success, surpassing seasoned authors who have decades of writing experience. Sure he did…
1. The market being manipulated/bubble. There was hardly a peep by the left about conspiracies when the markets crashed in 2007-09, but now the liberals on Zerohedge and Market Ticker are going on about shadow banking, dark pools, and other plots to make investors rich….