The left whines about foreigners buying US debt, refusing to buy into the ‘we are doomed’ leftist delusions. But the question is, where else should foreigners put their money? Since 2011 the US dollar, the US stock market, and treasury bonds have outperformed their respective global peers. Since 2011, The dollar is up 30-100% against… Continue reading Foreigners Keep Buying US Debt – And it Makes the Left Mad
Tag: economics
Why Education is Not Curing Poverty
From Vox Education won’t cure poverty, in one chart It boils down to IQ, in that less intelligent people typically earn less. Second, the increasingly competitive economy has made IQ more important, magnifying the socioeconomic ramifications of individual cognitive differences. Intelligence tests indirectly measure situational awareness, learning speed, and ability to make inferences between disparate,… Continue reading Why Education is Not Curing Poverty
Thee Cheers for Washington: America Stands Alone
From Yahoo Finance: Three cheers for Washington In case you haven’t noticed, we are in another one of those America-stands-alone moments, at least in terms of our economic strength, (notwithstanding a weakish jobs report for March.) I say moments because it won’t last forever. It’s a state that always comes and goes. But compared to… Continue reading Thee Cheers for Washington: America Stands Alone
Liberalism is the Problem, Not Technology
A major part where the ideologies of far-left and the traditional right converge is in their mutual skepticism and distrust of technology and free markets, another is foreign policy. Liberals worry that technology will destroy jobs, create wealth inequality, and harm the environment. Conservatives worry that technology will disrupt the family structure and traditions, as… Continue reading Liberalism is the Problem, Not Technology
Billionaire: Your life is going to stink
Today’s good news: Your life is going to stink The left is wrongly interpreting this is mean Charlie Munger is pessimistic about America or as a criticism against the economy, as left wants America to be in decline and no longer exceptional. Actually, what he means is that while America is doing great in terms… Continue reading Billionaire: Your life is going to stink
Religion is Becoming Irrelevant
From marginal revolution: An Anxious Age: The Post-Protestant Ethic and the Spirit of America. The grand confluence of Protestantism has dwindled to a trickle over the past thirty years, and the Great Church of America has come to an end. …The death of Mainline Protestantism is, as we’ve noted, the central historical fact of our… Continue reading Religion is Becoming Irrelevant
Is Going to Work Really So Bad? Jobbers vs. Self-Actualizers
From an article and discussion from Return of Kings about work being dehumanizing: The capitalist system pushes us to work as hard as possible to increase our wealth and therefore our social status. In a world with less emphasis on tribes, community, and extended family, wealth has become the primary indicator of social status. Communists/socialists… Continue reading Is Going to Work Really So Bad? Jobbers vs. Self-Actualizers
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
Debunking More Wealth Inequality BS
Income inequality’s sick joke: A rising tide only lifts luxury yachts Well, no kidding; if you take a chunk of wealth from the rich and give it to the poor, the poor will indeed see an immediate rise in wealth and sending power, but is that the best approach to economic policy? Or will spreading… Continue reading Debunking More Wealth Inequality BS
The New Gilded Age; The Post-2008 Economy, Part 4
The news cycle over the past two weeks can be likened to watching paint dry or glaciers melt. 2013 was the year of congress, the sequester, debt ceiling and shutdowns; 2014 is dominated by sports (Donald Stirling, Ray Rice..stuff like that), police and race conflicts, Russia and the Middle East. The good news is the… Continue reading The New Gilded Age; The Post-2008 Economy, Part 4