Defending Finance: Why Bankers and Economists Are Not to Blame for the Crisis

From the Economist, What’s wrong with finance There’s nothing wrong with finance or economists, but there is often something wrong when leftists pontificate about finance and economics. In the same way the left dismisses IQ as being useless, the left also dismisses economics as merely being a superstition, akin to reading entrails, or the left… Continue reading Defending Finance: Why Bankers and Economists Are Not to Blame for the Crisis

We’re All Becoming Economists, Scientists, and Objectivists

It seems like everyone is discussing economics these days. I remember, as recently just a decade ago, it was mostly economists and finance guys who discussed economics, but now it’s pretty much every 20-something who is an armchair economist. Economics has become so pervasive in our everyday lives – from employment, to automation, to basic… Continue reading We’re All Becoming Economists, Scientists, and Objectivists

Smooth Sailing Ahead

For those who already don’t know my opinion, the stock market is going higher – much higher. There are no foreseeable headwinds, no storms clouds brewing. Pretty much all the economic factors that were in place when the bull market began in March 2009 are still here today – albeit with much, much higher prices,… Continue reading Smooth Sailing Ahead

Is the ‘Red Pill’ Teaching Obsolete Skills?

It’s funny how Roosh, one of the main evangelizers of the masculinity/Red Pill movement, is being criticised for, well, not being ‘alpha’ enough. If Roosh can’t do it, what does that say about everyone else? What is means is that the Red Pill’s priorities could be misguided. Probably my only criticism of the Red Pill… Continue reading Is the ‘Red Pill’ Teaching Obsolete Skills?

Wisdom of the Markets

spooky …how did it, the market, know so soon? Of course, it may just be a coincidence and this particular company had problems beyond Challenger more detail: Stock Market Reaction to the Challenger Disaster This lends further credence to the EMH, which the left assumes is discredited because of the existence bubbles, crashes, and frauds.… Continue reading Wisdom of the Markets

Liberal Narrative Collapse

In 2008 we were all Keynesians. No we’re all libertarians, scientists and ‘brogrammers’. Everyone is getting richer and smarter than ever as wealth and intelligence becomes more important in today’s competitive economy. Some of the most up-voted posts on Imgur, a site that is the ‘zeitgeist’ of millenial thought, are photos of peaceful demonstrations in… Continue reading Liberal Narrative Collapse

Micro Economics 101

W’re still in perhaps the slowest new cycle ever. What is the future of the news media in a world where everything is deterministic and better than expected? Take the 2016 election, for example. We know it’ going to be a toss-up of Walker or Jeb vs. Clinton. The post-2008 economic expansion and epic bull… Continue reading Micro Economics 101

Peter Singer Conservatives

Peter Singer, Austrailian moral philosopher, recently did a Reddit AmA. The most pertinent quote about Peter Singer’s views, from Wikipedia: Ethical conduct is justifiable by reasons that go beyond prudence to “something bigger than the individual,” addressing a larger audience. Singer thinks this going-beyond identifies moral reasons as “somehow universal”, specifically in the injunction to… Continue reading Peter Singer Conservatives

Winner-Take-All Nation

From Techcrunch We Are All Venture Capitalists Now I feel like this chart is the only one that matters pic.twitter.com/rPFAm1RZZB — Felix Salmon (@felixsalmon) April 11, 2015 In Extremistan, we are all tournament players, investing our limited time and money in unpredictable ventures that may succeed or fail, quickly or slowly. Wins are fewer, but… Continue reading Winner-Take-All Nation