Charles Murray, unwavering defender of inconvenient truths in the face of political correctness and beloved by millions of millennials and smart people all over America, has become an institution unto himself. His most recent book, The Curmudgeon’s Guide to Getting Ahead, has become ‘required reading’ and the ‘bible’ for the smartest generation, which is whom… Continue reading America Is Still Exceptional
From Jim Goad of Taki Magazine: Workers of the World, Goodbye The Luddite fallacy has a good track record of being a fallacy. You get rid of one type of job and another pops up. As the labor market becomes more polarized, there will probably be strong growth of jobs in the low-paying service sector… Continue reading Will Technology Make All Jobs Obsolete?
America’s economy is still booming as retail sales keep making new highs: But isn’t the consumer supposed to be maxed out, says the left? How do they keep spending? This is not supposed to happen, because the libs say wealth inequality is too high, so consumers should not be able to spend as much. So… Continue reading The Daily View: Consumer Spending, Malcom Gladwell, Financial Crisis
The discussion of economics in the context of wealth inequality has become the new American pastime, along with idling on Facebook and watching re-runs on Netflix. Even those who have never taken an economics class have an opinion. And why wouldn’t they? Economics is a social science in that it involves people and their interactions… Continue reading The Daily View: Economics, Poverty, Treasuries, Geithner, Bitcoin
Since 2011, we’ve proposed the theory of ‘bifurcated inflation’ that describe two types of inflation: inflation for goods and services that exceeds the CPI and inflation for goods and services that falls below it. Here are our two most recent articles about bifurcated inflation: A Case Against Secular Stagnation The Daily View: Inflation, Peter Schiff,… Continue reading Bifurcated Inflation Gains Traction
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
From The Atlantic; A new study finds that nine of the 10 most lucrative degrees in America are in computer science programs at elite colleges. And no degree in America is more valuable than a computer-science major at Stanford, Columbia, or Berkeley. Notably, the most valuable non-computer-science major in the country is also at Stanford:… Continue reading It Pays to Be Smart