Interesting article, obviously written by someone of above average IQ who has had success day-trading. The market is 99% efficient, but that 1% allows smart people to make money consistently even as the left insists the market is rigged, a zero-sum game, or a bubble. The ‘blank-slate’ left believes that people can only succeed with… Continue reading How High-IQ People Make Money In The Stock Market
Do Tax Cuts Pay For Themselves? It May Not Matter
There an ongoing debate if lower taxes pay for themselves, but even if the left is correct that tax cuts don’t 100% pay for themselves, it may not matter, especially given America’s reserve currency status. Even though I tend to lean to the right on economic issues, admittedly the Laffer Curve may have been oversold… Continue reading Do Tax Cuts Pay For Themselves? It May Not Matter
The Post-2008 Wealth Creation Boom
I have repeatedly referred to the post-2008 era as a ‘wealth creation boom’, and sure enough it’s true: The rise in the stock markets and the increased value of housing have pushed the market value of assets owned by all U.S. households to a record $99 trillion at the end of March, according to a… Continue reading The Post-2008 Wealth Creation Boom
Why Moldbug Called It Quits
I suppose the movement Moldbug helped create consumed his life, interfering with his other work, and now he has been blacklisted from a conference, as Slate reports. So I guess that at least partially answers the mystery as to why he inexplicably stopped blogging a little over a year ago. I wrote earlier in my… Continue reading Why Moldbug Called It Quits
Is Greece the first libertarian state?
EU-Greece Talks on Bailout Break Down, Setting Up Showdown When debating libertarianism, critics and skeptics sometimes ask: Why isn’t there a libertarian state? Greece could be the closest thing to a libertarian state. You look at how the leadership as well as the citizens, emboldened by recent events, have defiantly given Germany (and the rest… Continue reading Is Greece the first libertarian state?
The Great Debate: Automation, Jobs, Wealth Inequality, Basic Income, Post Scarcity
Billionaire Cartier Boss Warns of Imminent Uprising, ‘Envy, Hatred’ of Poor People There is also an accompanying video: The 65-year-old Rupert, who has an estimated net worth of about $7.5 billion, seemed deeply perturbed about the impending disappearance of the middle class due to robotics and artificial intelligence, which he said would “put hundreds of… Continue reading The Great Debate: Automation, Jobs, Wealth Inequality, Basic Income, Post Scarcity
The Left Still Whining About Tech Bubbles & Silicon Valley
In an ideal world, all the smart people – the scientists and engineers, the physicists and mathematicians, the coders and quants – would get all the good jobs and make all or most of the money. The good news is we’re in that world right now, especially since 2008 with the unending web 2.0, real… Continue reading The Left Still Whining About Tech Bubbles & Silicon Valley
Festivities Are Just Beginning (old theme)
Decided to post my article using the old theme: The Festivities Are Just Beginning More evidence of American exceptionalism: Apple’s cash reserve alone is enough to buyout Coca Cola or Walt Disney: This makes the left mad; they wish they could spread Apple’s wealth on useless social programs, but can’t. The left is powerless to… Continue reading Festivities Are Just Beginning (old theme)
The Daily View: Wealth Inequality and Bond Market Liquidity
Today’s idiot: ‘The problem isn’t that we’ve been slaves to free markets’: Joseph Stiglitz interview Unlike Thomas Piketty, whose recent bestseller Capital in the 21st Century argues that capitalism makes rising inequality inevitable, Stiglitz insists the system can be fixed. ‘Widening and deepening inequality isn’t driven by immutable economic laws,’ he says. ‘A well-functioning market… Continue reading The Daily View: Wealth Inequality and Bond Market Liquidity
Detecting Fake Amazon Book Reviews
I came across The Choose Yourself Guide To Wealth by James Altucher, and the sales pitch read like something I would write, but I decided to make some modifications. Original: This is a bold book by James Altucher because he not only gives you a new map for the new financial landscape, but he also… Continue reading Detecting Fake Amazon Book Reviews