Over the past month, there have been a spate of negative articles about economics, with some comparing it to a ‘fake science’ such as astrology, and or how the inability of economists to predict the 2008 crisis is evidence of the failure of economics: The…
From Vox Day: The only way to raise wages Regarding individual socioeconomic achievement, how does one disentangle the role of the individual versus the responsibility/role of society. Are societal factors (culture, economics, government, etc.) chiefly to blame for inequality, or factors intrinsic to the individual…
Pinterest Raises $150M at $12 billion valuation That so obvious, inevitable web 2.0 ‘bubble’ just refuses to burst. Valuations refuse to fall despite so many pundits predicting they would. The past seven or so years, every single thing that the media called a bubble, they…
By The Money Illusion: One by one, the anti-EMH arguments collapse This is a really great article and agrees with everything I have been trying to convey for the past six or so years. It’s too bad it’s marred by the last paragraph that detracts…
Peter Schiff (not to be confused with Jordan Peterson (although they look and sound similar)), warns the Trump tax cuts will cause high inflation and collapse of the US dollar. Peter Schiff has been wrong about everything, going as far back as I can remember….
Over and over again, this blog keeps being right: -right abut tech stocks (especially, Facebook, Google, and Amazon stock (Gnon index), all of which keep going up) -right about Bitcoin (been long since early 2013) -right about the post-2009 economic expansion and bull market (now…
Why Are Physicists Drawn to Economics? If you are one of these people, let me try to disabuse you of these notions. Your mathematical abilities are actually not that much better than most economists (if they are better at all). You will have to spend…
A couple weeks ago a post about Jeff Bezo being the second-richest person in the world went viral. Many were aghast that a singe person could have so much money…how unfair when that money could be put to better use, so the logic goes. Why…
Changed the theme…The old theme was too cluttered and looked too antiquated. All the navigation, archives, and pages have been pushed to the footer. Split testing revealed that the big banner magazine-style theme did better. This article is going viral: Americans Are Skeptical That Hard…
In the aftermath of Trump’s win, something that wasn’t supposed to happen, happened. Inflation expectations surged, but gold got clobbered: The GLD fund, a proxy for gold, fell 8% (from $125 to $115) in the days immediately following Trump’s victory, and then it fell another…