The Daily View: ‘Longest Depression’, Basic Income, Pinterest

From Huffingtonpost: Future Economists Will Probably Call This Decade the ‘Longest Depression’ Sounds like goalpost moving, where slightly mediocre growth becomes a ‘depression’. The 2008 recession, while deep and sudden, was narrow, only lasting about 16 months until growth picked up, where it has remained. Hardly a decade. Also, the authors seem to be cherry… Continue reading The Daily View: ‘Longest Depression’, Basic Income, Pinterest

INTP people rule the world

From Anti-Dem Playboy After Dark Another possibility is that the ‘Playboy lifestyle’ is no longer ‘cool’, as millennials eschew ostentatious materialism for intellectualism and minimalism. Millennials want to be rich, but prefer saving or investing the money instead of squandering it on positional goods. They want to be like Zuck, Musk, Buffett or Gates, not… Continue reading INTP people rule the world

What isn’t being taught in schools that should be?

This ‘Ask Reddit’ question What isn’t being taught in schools that should be? is going viral. This was the most upvoted answer, getting over 3,000 upvotes: HOW TO Pay taxes Vote Find a job Buy a house Buy a car LESSONS Current Events What laws there are Financial Advice Trading stocks Mental disorders Politics As… Continue reading What isn’t being taught in schools that should be?

Post-2008 Capitalism: A Guide

From n+1 magazine, After Capitalism: HOW WILL IT END? For centuries even the most sanguine of capitalism’s theorists have thought it not long for this world. Smith, Ricardo, and Mill pointed to a “falling rate of profit” linked to inevitable declines in agricultural productivity. Marx applied the same concept to industrial production, suggesting that the… Continue reading Post-2008 Capitalism: A Guide

The Daily View: #pissforequality Hoax, Expatriated Cash, Unions Need More Money, Huge Web 2.0 Salaries

NSFW Feminists Fall For #PissForEquality Hoax According to Right Wing News, a few n’er do wellers on 4chan had a brilliant idea: see if they could convince people to, “publicly piss/sh*t their pants in the name of ‘Equality?’” Site likes 4chan are leading the post-2013 SJW backlash, with great success as thousands – maybe millions… Continue reading The Daily View: #pissforequality Hoax, Expatriated Cash, Unions Need More Money, Huge Web 2.0 Salaries

The Daily View: Teaching Kids to Code; Pinterest & Web 2.0; GOP Debate

From AVC: Computer Science For All Yesterday Mayor de Blasio announced Computer Science For All which is a ten year effort to train 4,775 NYC public school teachers on the fundamentals of computer science and how to teach it to their students. The goal of Computer Science For All is to have computer science teachers… Continue reading The Daily View: Teaching Kids to Code; Pinterest & Web 2.0; GOP Debate

Why the Web 2.0/Tech 2.0 ‘Bubble’ Refuses to Burst

In agreement with Marc Andreessen, there probably won’t be a web 2.0 correction for a long time. Right now we have interest rates still at zero, and there is so liquidity in the world right now, so much wealth. Every time web 2.0 is supposed to burst, such as in 2012 following Facebook’s unspectacular IPO,… Continue reading Why the Web 2.0/Tech 2.0 ‘Bubble’ Refuses to Burst

Uber Worth $50 Billion, Leaves Doubters in the Dust

Uber is now worth $50 billion What happened to the California ruling that was supposed to be the demise of Uber? It was way overblown, the pertinent details ignored in the leftist anti-Uber cacophony. Obviously, Uber can’t make every driver an employee, and no judge would ever decree that they do so. What if someone… Continue reading Uber Worth $50 Billion, Leaves Doubters in the Dust

Getting Rich Quick In the Silicon Valley

Silicon Valley is perhaps the most productive and innovative place in the world Silicon Valley is like an HBD success story, a region that through the free market and meritocracy rewards the best and the brightest for their contributions to society. People in Silicon Valley get rich through IQ, skill, hard work and competence –… Continue reading Getting Rich Quick In the Silicon Valley

Wealth Creation Orgy

Silicon Valley is in a wealth creation orgy, as the web 2.0 and Silicon Valley boom keeps defying all predictions of its decline. These numbers are just staggering: Air BNB worth $20 billion Uber: $40+ Billion Pinterest: $5 billion Dropbox: $8 billion Snapchat: $10 billion Tesla: $40 billion Most of these were in their infancy… Continue reading Wealth Creation Orgy