There’s a misconception by the pro-college crowd that college is a stepping stone to success, or, according to the the anti-college crowd, that skipping college will give you an invaluable head-start in life. There are caveats to both of these, and the immutable laws of biology are to blame. College is just another IQ test,… Continue reading Much Needed IQ Realism in the Anti and Pro College Movements
Why We Need to Put the Elite in Power
Related anti democracy part 1, part 2, The Pursuit of Equality, There’s a lot of hype over quadratic voting. From ericposner.com: Quadratic voting is a procedure that a group of people can use to jointly choose a collective good for themselves. Each person can buy votes for or against a proposal by paying into a… Continue reading Why We Need to Put the Elite in Power
Economic Misconceptions
Economics may be the gloomy science, but it’S also a counterintituve one. For example, research shows that stocks and treasury bonds react favorably to rising unemployment during expansionary periods (like today and the 90’s). This is because the economic benefits of lower interest rates (cheaper borrowing) exceeds the consequences of rising unemployment. That theme has… Continue reading Economic Misconceptions
2015 Market Predictions
My 2015 prediction/wish list: 1. American economic exceptionalism continues unimpeded. US stock market, US economy, and US dollar will continue to outperform global peers on a inflation adjusted basis. Between 2011-2014, adjusted for inflation, the S&P 500 has beaten everything. Aaron sums it up perfectly: It may be too early to enjoy the decline. America… Continue reading 2015 Market Predictions
The Rise of Nerd Culture in the Post-2008 Era
A couple weeks ago I wanted to do another article about the rise of nerd culture in the post-2008 economy, but Steve beat me to it. I think he gets somewhat distracted in the end by focusing on music and the like, instead of the what I consider to be the more important social and… Continue reading The Rise of Nerd Culture in the Post-2008 Era
The Daily View: Silicon Valley Diversity, Basic Income, Wealth Inequality
Intel Budgets $300 Million for Diversity The left wants to believe a lack of diversity is a sign of discrimination. It never occurred to them that maybe certain groups are underrepresented in certain industries because they either choose to not pursue that line of work or they are simply unqualified. The solution according to the… Continue reading The Daily View: Silicon Valley Diversity, Basic Income, Wealth Inequality
Autopilot Nation & The Winner Take all Economy
The ‘autopilot nation’ is part of the greater economic moderation and what Steven Pinker calls ‘the long peace’. As much as the left wishes it weren’t so, the world is becoming less violent, thanks in part to innovation, free markets, and the spread of American-style capitalism around the world. The left seeks civil war (rich… Continue reading Autopilot Nation & The Winner Take all Economy
Liberal Denial of Individual Congenital Cognitive Exceptionalism
As part of the left’s war on Individual Congenital Cognitive Exceptionalism, besides turning high-IQ into a handicap, another tactic is redefining IQ, such as saying there are two types of IQ: ‘common sense’ IQ and ‘mental performance’ IQ, or that IQ and intelligence are distinct. As an example of this trend, here’s a recent article… Continue reading Liberal Denial of Individual Congenital Cognitive Exceptionalism
Snapchat’s Huge Windfall : The State of Web 2.0
Looks like my 2014 prediction of Snapchat, originally valued at $4 billion, being worth $30 billion by 2016 is coming true. This talk of bubbles reminds me of 2007 when everyone, including all the experts, was certain Facebook was a bubble at a valuation of $15 billion after Microsoft invested; now it’s worth $200+ billion.… Continue reading Snapchat’s Huge Windfall : The State of Web 2.0
Abortion and Crime – When Political Correctness and Partisan Politics Gets in the Way of Promising Research and Policy
There’s an article from National Review going viral, reviving an almost two-decade old debate about the prophylactic effects of abortion on crime, originally brought to the public’s attention in the 2005 bestseller Freakonomics. Mona Charen writes: Some would have grown up to be Ben Carsons, Charlize Therons, Walt Disneys, Oprah Winfreys, and Sonia Sotomayors. Most… Continue reading Abortion and Crime – When Political Correctness and Partisan Politics Gets in the Way of Promising Research and Policy