Category: Uncategorized

The Daily View: Crony Capitalism, Fallacy of Composition, and Compromise

From The American Conservative: The Tricky Politics of Fighting Crony Capitalism For a website with the title Conservative, it sure seems to advocate a lot of liberal positions on issues ranging from domestic spying, foreign policy and crony capitalism. Liberalism is a bigger threat than crony capitalism. One could make the argument that crony capitalism,… Continue reading The Daily View: Crony Capitalism, Fallacy of Composition, and Compromise

The Daily View: Debt, The Intelligentsia, Economic Compromise, Praise for the Do-Nothing Congress

Foreign Holdings of U.S. Treasuries This is why the debt binge is sustainable and why bonds and stocks are rallying together. Part of what makes America exceptional is not just its superior economy or superior military, but the great demand for its debt, especially compared to other countries. The left wants a debt crisis, but… Continue reading The Daily View: Debt, The Intelligentsia, Economic Compromise, Praise for the Do-Nothing Congress

Is College a Scam?

From Ep. 21 College is a Scam With just a five percent acceptance rate and a policy of only admitting the best and the brightest, getting into Harvard (or any Ivy League school) signals to employers that the applicant has above average to genius level intellect; no diploma is necessary to prove his or her… Continue reading Is College a Scam?

Addresing the Problem of Entitlement Spending

With few exceptions, risk-taking, being smart, hard-work, and creativity is a path to prosperity in today’s super-competitive economy and unbridled plutolatry, more so than any prior decade. Stocks will keep going up and people will keep getting richer than ever even if many, on a personal level, are unable to participate in the economic recovery.… Continue reading Addresing the Problem of Entitlement Spending

The Problem With Small Business

The Slow Death of American Entrepreneurship No kidding. More people are realizing entrepreneurship is a big money pit due to the high failure rate, as well as a multitude of other factors such as competition, high borrowing costs and endless regulation. Why does small biz suck and large cap rule? 1. Uncompetitive borrowing rates for… Continue reading The Problem With Small Business

Reclaiming The White House With Pro-Growth Policy

Economist Morici: Obama Destroying Americans’ Faith in the Country The GOP should return to be being the party of growth and optimism, says expert. “We need to stop obsessing about the fed and deficit and focus our attention to the most successful policies of past victories: defense spending, tax cuts and free market capitalism.” We… Continue reading Reclaiming The White House With Pro-Growth Policy

Some Thoughts on Capital and Risk

From Ashok Rao’s Inequality of Returns and Reinvestment Opportunity: – the only real source of long-run returns – is far more skewed than that of wealth ownership. The bottom 95% own all of their wealth in two forms: Explicitly: Home ownership which forces saving over a period of thirty years. Implicitly: Social security which acts… Continue reading Some Thoughts on Capital and Risk

Taleb Loses Debate, Blames His Opponent

Nassim Taleb Debated Larry Summers Last Week, And He Is NOT Happy With How Summers Behaved derr risks..derr risks..derr didn’t know derr risk..derrr..derrr ROFL cry me a river. Did the liberal Nicolas Nassim Taleb lose his temper once again, in addition to his debate with the redoubtable Larry Summers? Is that why he’s always mad,… Continue reading Taleb Loses Debate, Blames His Opponent

Extraversion and IQ

In response to Steve Hsu’s article Life impacts of personality and intelligence, Lion responds: The evidence here is that unless people with top 1% math ability can use that to get a prestigious degree which can then enable them to get hired into a prestigious career track, they won’t make much more money than any… Continue reading Extraversion and IQ