Losing Benefits Isn’t Prodding Unemployed Back to Work No kidding Where is the incentive to work when you have: 1. rising welfare benefits 2. social security 3. medicare 4. free emergency room healthcare Entitlement spending is out of control and Entitlement spending per capita has increased as the percentage of not filing income taxes has… Continue reading Out of Control Entitlement Spending
Robert Shiller Actually Has A Solution Exploding US Inequality He’s contriving a solution for a non-existent problem. If we wait until income inequality is much more severe, we will have a whole class of new superrich who will probably feel entitled to their wealth and will have the means to defend their interest. That’s already… Continue reading A Solution in Need of a Problem
On sites like iSteve there recently seems to be a dearth of subjects pertaining to HBD matters. Chateau Heartiste writes: Drum deserves credit for at least broaching the subject of genetic predilection, which still gives the majority of liberals the high holy hives. Try dropping a “genes n’ IQ” bomb on a Jon Stewart audience… Continue reading Liberal Denial of Genetic Determinism
Robert Shiller says we’re in a tech bubble But wasn’t the alleged tech bubble supposed to have burst in 2012? Oh well, chalk that up as another incorrect liberal prediction. Eugene Fama and Robert Shiller were awarded the 2013 economics Nobel Prize, despite holding opposing views of the market. Shiller, a pioneer of behavior finance,… Continue reading Irrational Investors Don’t Exist
The inimitable, sagacious Warren Buffett is known for his aphorisms, but is this useful investment advice, and second, is Warren Buffett really the great investor as he’s cracked up to be? Don’t overtrade/Hold stocks forever. Continued: http://www.thereformedbroker.com/2013/11/30/on-spinning-ones-wheels Buy When There’s Blood in the Street. Continued: http://www.freemoneyfinance.com/2012/04/buy-when-theres-blood-in-the-street-and-why-buffett-is-a-market-timer.html The Oracle’s tips are easily countered with some obvious… Continue reading A Critical Look at Warren Buffett
As we’ve been writing since 2011, we’re still in the smartist era of hyper-capitalism, credentialism, consumerism and spendism. As of 2008, never before in such a short period of human history has so much wealth been created and yet, instead of marveling at the resiliency of the consumer, the web 2.0 & economic boom, and… Continue reading Our New Era
The prophets of doom are at it again, this time with yet another beseeching article about how rising consumer spending cannot coexist with falling income. Consumer spending is around all-time highs as a share of U.S. GDP, while labour income is at multidecade lows, he explained. “This has been wonderful for corporates: consumer spending boosts… Continue reading More Bullshit by Business Insider
We’re in a value centric economy. People are being paid for the value they produce. Wages were too high pre-2008 relative to the value being produced. The freelancer economy including sites like Task Rabbit is part of a trend of labor converging with value. High-salaried tech employees have drastically driven up rents in San Francisco.… Continue reading The State of the Economy
Many assume high frequency trading (HFT) has made the markets less stable and dishonest. In reality, markets were unstable and crooked before the advent of computerized trading. A century ago, it wasn’t uncommon for indexes and individual stocks to fall several percentage points in a single day for seemingly no reason. Fast forward to today… Continue reading Could High Frequency Trading Have a Stabilizing Effect on the Market?
Zman writes: You are not going to hear Rotary Club Republicans advocating euthanasia or forced sterilization of the unfit. Those are topics discussed by Progressive in the faculty lounge. Not so sure about this. I’m sure it’s the other way around. Covertly, many republicans probably do acknowledge the potential good that can come out of… Continue reading Could Republicans Endorse Eugenics?