Interesting article: There’s No Escaping Competition Scarcity is a defining characteristic of the human condition, and scarcity means there will be competition over who gets what. Market capitalism has the great advantage of channeling that competition through the price system, which not only ensures an ongoing supply of goods but also encourages their efficient production.… Continue reading Resource Optimization & The Role of the State
The Daily View: Elite Colleges Should Abolish Tuition; Apprenticeships
From Unz:Our Elite Colleges Should Abolish Tuition Although Harvard is widely known as one of America’s oldest and most prestigious colleges, that public image is outdated. Over the last couple of decades, the university has transformed itself into one of the world’s largest hedge-funds, with the huge profits of its aggressively managed $36 billion portfolio… Continue reading The Daily View: Elite Colleges Should Abolish Tuition; Apprenticeships
Stock Market Rebounds
Back in August and September during the stock market plunge, I recommended going long here and again here. Sure enough, stocks have surged since then, with the S&P 500 up about 9% since my reiteration to buy the dip: The portfolio I ‘manage’ is up 20% this year, vs. 2% for the S&P 500: By… Continue reading Stock Market Rebounds
Physician Assisted Suicide and Euthanasia May Lower Healthcare Costs
California Legalizes Assisted Dying for the Terminally Ill To clarify the subtlety between physician assisted suicide and euthanasia: Physician-assisted suicide refers to the physician providing the means for death, most often with a presciption. The patient, not the physician, will ultimately administer the lethal medication. Euthanasia generally means that the physician would act directly, for… Continue reading Physician Assisted Suicide and Euthanasia May Lower Healthcare Costs
Obama Should Give His Nobel Prize to Bernanke
If Obama can get a Nobel Prize for doing nothing (and then later being a lousy president), maybe Bernanke deserves one for merely saving the economy in 2008? Full employment without inflation is in sight. The central bank did its job. What about everyone else? Agree, the central bank did a good job by stemming… Continue reading Obama Should Give His Nobel Prize to Bernanke
Foucault, Chomsky, Pinker, and the Blank Slate
From evolutionistx: Chomsky on Foucault “In Foucault’s 1971 televised debate with Noam Chomsky, Foucault argued against the possibility of any fixed human nature, as posited by Chomsky’s concept of innate human faculties. Chomsky argued that concepts of justice were rooted in human reason, whereas Foucault rejected the universal basis for a concept of justice. Following… Continue reading Foucault, Chomsky, Pinker, and the Blank Slate
Bitcoin Going Nuts Again
The left hoped bitcoin would be another fad or bubble, but you can’t keep a good thing down for long, and Bitcoin is surging again: Bitcoin is not going away. It’s here to stay, having long graduated from the ‘fad’ or ‘novelty’ stage. Transaction volume is at multi-year highs: As a disclosure I own Bitcoin,… Continue reading Bitcoin Going Nuts Again
The Rotting Foundation That Is Democracy
Many on the right attack individual symptoms, problems (feminism, crime, growing entitlement spending) without addressing the underlying disease: democracy and the liberal state. The solution lends itself to NRx, which rejects the post-WW2 ideal of democracy and social liberalism, as quoted by Amerika’s NRx guide: But as Evola observed, all of us in the post-war… Continue reading The Rotting Foundation That Is Democracy
STEM, Immigration, H-1B Visas, and Wages
There is no diversity crisis in tech: Repeat after me: there is no “diversity crisis” in Silicon Valley. None. In fact, there is no crisis at all in Silicon Valley. Silicon Valley is doing absolutely gangbusters. Apple has $200 billion in cash reserves and equivalents — and a market valuation of about $630 billion. Amazing.… Continue reading STEM, Immigration, H-1B Visas, and Wages
Pop Psychology Charlatans
How to act less stupid, according to psychologists “The stupidest thing someone can do is overestimate themselves,” he said. “What that tells us is that you don’t have to have a low IQ, in people’s eyes, to act stupidly. You just have to misperceive your abilities.” In other words poseurs, who overestimate their abilities, come… Continue reading Pop Psychology Charlatans