Whether it’s Joseph Stiglitz, Paul Krugman, Daniel Kahneman, or Obama (the Nobel committee took a huge dent in credibility after that), even Nobel laureates are not beyond reproach. Now it’s Robert Shiller, another liberal Noble Prize recipient who has been wrong about wealth inequality and other matters, writing in the New York Times: Why Land… Continue reading Robert Shiller…Wrong About Real Estate
Author: smartistone
Malcolm Gladwell – Bait and Switch
Don’t bother me with the details, man, I’m just telling stories It’s understandable why Malcolm Gladwell has kept a low profile in recent years, giving fewer talks and writing fewer columns and books. After a lucrative career as a public pseudo-intellectual spanning 15 long years – beginning in 2000 with his best-seller The Tipping Point… Continue reading Malcolm Gladwell – Bait and Switch
The Trajectory of America
From Social Matter: SWPLs, Amerikaners, The Alt-Right, And The Coming State This passage stood out: The system is decaying and unsustainable. It is increasingly liquidating a limited pool of capital to keep the economic charade going, while all the real productivity, and the culture of hardworking self-reliance that goes with it, goes overseas. See one… Continue reading The Trajectory of America
Liberal Smugness, or Something Else
The smug style in American liberalism Beginning in the middle of the 20th century, the working class, once the core of the coalition, began abandoning the Democratic Party. In 1948, in the immediate wake of Franklin Roosevelt, 66 percent of manual laborers voted for Democrats, along with 60 percent of farmers. In 1964, it was… Continue reading Liberal Smugness, or Something Else
Post-2008 Wealth Creation: A Guide, Part 3
I intend to make good on my promise of an investing strategy. In part one, I discuss how we’re in a ‘winner take all’, ‘bigger is better’ economic environment dominated by large entities – be it multinational corporations, large content providers, the S&P 500, and the treasury bond market itself. The investment strategy described here… Continue reading Post-2008 Wealth Creation: A Guide, Part 3
Fixing the Student Loan Debt Crisis and Reforming Edcuation
From Demos: Why Education Does Not Fix Poverty The author lists some reasons why poverty has not fallen in spite of the US population becoming more educated: First, handing out more high school and college diplomas doesn’t magically create more good-paying jobs. When more credentials are chasing the same number of decent jobs, what you… Continue reading Fixing the Student Loan Debt Crisis and Reforming Edcuation
Post-2008 Wealth Creation: A Guide, Part 2
In part one, I set the economic backdrop behind the method. In part two, I’ll describe the the first part of the method, and then later, in part three, the mathematics of why it’s so effective. As a disclaimer, knowledge in option trading, ETFs, and short selling is required. All relevant information can be found… Continue reading Post-2008 Wealth Creation: A Guide, Part 2
Post-2008 Wealth Creation: A Guide, Part 1
Entrepreneurship is too hard, America’s ‘pioneer spirit’ is gone, and the news is pretty much a waste of time. Blogging, writing, etc. also mostly a waste of time and usually doesn’t make money. In our post-2008 winner-take-all, bigger-is-better economy and society, instead of trying to compete directly with the big and rich, why not piggyback… Continue reading Post-2008 Wealth Creation: A Guide, Part 1
There is No Systemic ‘War on Blacks’ by Police
The evidence suggests blacks are responsible for most crime, which could explain why they are stopped and incarcerated at a higher rate than whites, as I explain in the post He Fit the Description: It’s incontrovertible…the data shows that blacks commit most of the crimes. The left wants stops in proportion to the population, not… Continue reading There is No Systemic ‘War on Blacks’ by Police
The Persistence of the Black-White IQ Gap
The evidence suggests a persistent black-white IQ gap: Despite hundreds of billions of dollars of government spending, the education achievement gap hasn’t budged in decades: According to a groundbreaking paper (How Much Can We Boost IQ and Scholastic Achievement?) by Arthur Jensen, efforts to boost IQ through environment (education spending, enrichment programs, etc.) have failed,… Continue reading The Persistence of the Black-White IQ Gap