Category Archives: economics

Economics dogma: socialist vs. corporate

Socialists believe, deep down, that if you take care of humans, the business element will take care of itself. Corporatists believe that if you take care of business, the human element will take care of itself. (I believe human behavior … Continue reading

Posted in economics, politics | 7 Comments

How long before this is used for student loans?

There’s no way this country is just going to let a $1.2 trillion debt disappear just because this generation of graduates can’t pay it off. Imagine what that would do to all those balance sheets leveraged twenty-to-one. (NB: some deleveraging … Continue reading

Posted in blather, current events, economics, politics | 6 Comments

Slap a cover on that and call it a book

Vox Day demolished an argument by Gary North over on his blog. In a way it is sad, in another it is quite entertaining, and in both ways quite spectacular. But I must not fail to say that it is … Continue reading

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Picking losers

I like this idea, especially because it can be generalized to all the risk-based decisions we make in everyday life. It also draws on our critical functions, rather than the same optimistic functions that we use to post facto rationalize … Continue reading

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Wenzel speaks truth to the Fed

It’s one of the greatest speeches ever made, even though it may never enjoy a soundbite in traditional media. If for some reason you won’t read it, at least read his conclusion: I will now give you more warnings about … Continue reading

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Fantastic video

H/T Bruce Schneier

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Liberalism, education, wordsum, loyalty

Well, I have a couple of new abstract toys. The first is Audacious Epigone’s data comparing liberalism and conservatism to wordsum (a precise, oft-inaccurate measure of IQ): In a forthcoming post, I look separately at the influences of IQ and … Continue reading

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The counterposition

In effect, I became the lead designer on a new electronics product by email. Just me. No corporate-backing, no million-dollar development budget, one guy saying “Hey, if you connect this to that, cool things will happen!” – negotiating directly with … Continue reading

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Generalizing societal pressures

Schneier (lots of love for him today and yesterday) explained the term in a synopsis of his book: My central metaphor is the Prisoner’s Dilemma, which nicely exposes the tension between group interest and self-interest. And the dilemma even gives … Continue reading

Posted in blather, economics, Game, life tips, psychology | 5 Comments

Probability is a matter of perspective

One of my favorite hobbies is predicting outcomes, and my dirty little secret is that I like to be as ignorant as possible when I’m doing it (assuming it’s not influencing an important decision). When I rely more on deduction … Continue reading

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