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Foucault was not a philosopher in the deep and abstruse ontological and epistemological sense, but more of a political and social theorist, with an emphasis on psychology. His writing are heavily politically motivated. His main idea as outlined in Madness and Civilization and other books, that mental disorder is a social construct, was perhaps a… Continue reading Notes on Michel Foucault

Sometimes it seems there’s too much counter-signalling and intellectualism signaling online. It’s as if the most mortal sin online is to be perceived as narrow-minded about an issue or not understanding it fully, even if such understanding goes against the prevailing ‘tribal’ narrative. The Jordan Peterson community is ostensibly opposed to postmodernism, yet comments that… Continue reading High-IQ discourse: correctness is more important than consensus

An article published in Hacker Noon, Playing the Financial Bubble Game, by Dr. Kling, went viral. And yet it is mathematically impossible for all of the bullish investors to get out with a profit. If a stock goes from $10 a share to $100 a share and back down to $5 a share, then on… Continue reading Playing the Financial Bubble Game, by Arnold Kling

Trump did not want to be US president, new book claims Based on his prior work, such as an unflattering 2008 biography of Rupert Murdoch, the author is biased, and it’s possible he is only choosing quotes and anecdotes that make Trump look bad. Also, he may have fabricated quotes, has he allegedly did in… Continue reading Trump, president de jure

Bryan Caplan has a formidable track record at winning bets I Win All My Ebola Bets Some of these bets are obvious. Easy money can be made betting against crisis, than for, as I have demonstrated in my own personal investments/bets in the stock market. Most people it would seem overestimate the odds of drastic… Continue reading Don’t Bet Against Bryan Caplan

It’s pretty amazing how quickly the Bitcoin tides have changed. Just two weeks ago, with prices close to $20,000, Bitcoin seemed unstoppable, but prices have now fallen 35% and cannot get up. “$30 transaction fees?” “You fool, you don’t buy a cup of coffee with Bitcoin. It’s gold. You are supposed to hold it.” I… Continue reading Consider Altcoins

Megan McArdle’s latest article Bitcoin Is an Implausible Currency has generated significant discussion, with over 700 comments as of 1/2/2018. At this point, there is no question that Bitcoin has entered the ‘mainstream’, and there are more people who know what Bitcoin is than don’t. She writes: It’s not competitive as a payment system, so… Continue reading Megan McArdle is Wrong About Bitcoin

The goal of a theory is to explain past and current phenomena, to predict the future, and also to make generalizations. Theories in ‘hard’ sciences, such as the theory of relativity and quantum theory, are useful and supported by tests. My criticism is directed at the five-factor (big five) model of personality, which is an… Continue reading Criticism of the five-factor (big five) model of personality

Below is the infamous ‘spark plug pattern’ for Bitcoin, named after its resemblance to a spark plug, in which there is a sudden rise–but then it sorta ’rounds out’ for a short while, before falling rapidly: The base of the plug is around $8,000, which is a short-term target, and a long-term target is as… Continue reading Bearish Bitcoin Chart Formation