The news cycle as of late has been like watching paint dry…months ago I predicted such slowness, but even I am kinda surprised by the uneventfulness of the Trump administration so far. The administration started off with a ‘bang’ with that travel ban many weeks ago, and for a moment it seemed like things were… Continue reading Bifurcated Inflation
Over the past month or so, there has been considerable debate online about whether automation will destroy all jobs, and if so, how should policy makers try to respond. A few weeks ago, Bill Gates made headlines by proposing a ‘robot tax’, an idea which many economists roundly shot down. A story in February about… Continue reading Why Robots Won’t Take All The Jobs
I have compiled a list of reviews for Tyler Cowen’s new book, The Complacent Class, along with some insight. From Arnold Kling: My Review of Tyler Cowen’s Complacent Class 3. I am still not happy with Tyler’s use of the term “complacency.” I can think of three senses of the word that are floating around… Continue reading Tyler Cowen’s The Complacent Class: Reviews and Discussion
From WSJ: Disturbing New Facts About American Capitalism–When winners are taking all, it’s often time to buy the winners “Let your winners run” is one of the oldest adages in investing. One of the newest ideas is that the winners may be running away with everything. Modern capitalism is built on the idea that as… Continue reading Disturbing New Facts About American Capitalism
This article is going viral: Why Socialism for the Rich, Capitalism for the Poor? A small annoyance is how the word ‘socialism’ has come to mean so many things, usually depending on the underlying political or economic motives of whoever is using it, that it’s become hard to define. Socialism can mean: 1. Partial or… Continue reading Why Socialism for the Rich, Capitalism for the Poor?
The huge 2016-2017 Bitcoin rally is on a lot of people’s minds: Why does it keep going up? Didn’t all the ‘experts’ in 2011-2014 say it was a bubble? Why does it refuse to burst? Is it a bubble? Maybe not. Correct Predictions, Part 2: Over and over again I keep being right: Bitcoin keeps… Continue reading Why Bitcoin Keeps Going Up: Analysis
We have two contrasting opinions: From Bill ‘RamZPaul’ Gates: Warren Buffett’s Best Investment Bill: One of my favorite books is Steven Pinker’s The Better Angels of Our Nature. It shows how violence has dropped dramatically over time. That’s startling news to people, because they tend to think things are not improving as much as they… Continue reading The Best of Times or The Worst of Times?
Stock market hits new highs The ‘Teflon market’: Why stocks keep setting new highs despite Trump drama The S&P 500 has gained 10% since Trump’s victory. Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism – even before tax plan rollout! — Donald J. Trump (@realDonaldTrump) February… Continue reading Make The Stock Market Great Again
From Social Matter: Reactionary Political Theory On Contemporary America Our question is the following: what is the significance of Trump’s victory? What does it mean for the Modern Structure? To answer the first question: a change in national sentiment. To answer the second, not much. Trump’s rise definitely ties into a ‘shared narrative’ of a… Continue reading Trump Presidency Predictions and Significance: Economics, Immigration, Culture, and Endgame
Here’s How Trump Should Tax The Rich … Anyone who has a net worth over $5m (or $20m) has to pay 1-2% of that amount each year. It would be like the estate tax, except you paid it while living. Warren Buffett complains he does not pay enough in taxes. This would quiet his moaning;… Continue reading Why a Wealth Tax is a Bad Idea