The Socialist Dilemma
Bring candy and flowers When bankers are cursed While society is strong So greed is defeated But with pay guaranteed When profit is gone While people are weak So progress will stall Open minds are closed
I strain to avoid rolling my eyes every time I hear someone claim to have an open mind. People who believe their mind is “open” have actually managed to convince themselves that bias will not influence their decisions, failing to recognize that believing you have no bias is itself a bias. In the real world, in almost every case people are either biased or ignorant — it’s called cognitive dissonance. Investment strategies for an irrational world
Everyone should invest their money, the last thing you want to do in an inflationary cycle is depend on cash as a store of value. But if you’re not prepared to work hard than you should leave decisions up to someone else. I would recommend periodically seeking advice from an educated friend or family member to keep you on track – but verify with a few sources, relying on people who have little knowledge but sound authoritative can get you in trouble. Stock brokers are generally useless, their only function is to deliberately complicate the entire process and intimidate you into feeling as though you need them. Is it finally time to end tipping terror?
The argument in favor of tipping at restaurants is always an emotional appeal to support poor waitresses that make a pitiful $0.50 per hour slave wage, or whatever. One of my friends actually tried to convince me that if restaurants paid their employees more they would all go out of business — think of all the poor waitresses that would lose their livelihood! Bull shit. Are you a sucker if your equity investments don’t pay dividends?
I recently came across this fantastic discussion with Peter Schiff from 2002. He accurately describes the economic conditions at the time and how he planned to profit from them. His commentary has proven to be remarkably prescient in light of the current state of the global economy. Are libertarians radical?
In the process of trying to convert a socialist friend to support the principles of freedom, she remarked, “ya, you’re not radical”. I didn’t really know what to make of that statement, so I asked if she was being sarcastic. Of course she was. My instinctive reaction was to become somewhat defensive and disagree. The conversation had to be cut short for an unrelated reason, but if it had continued I surely would have tried to convince her that supporting freedom and the sovereignty of nations is not radical. To the contrary, supporting massive taxation for the benefit of corporate parasites and global hegemony is quite radical. Is for-profit funding of research unethical?
I had a conversation today with a very bright individual just about to complete his PHD in computer science — he has inspired me to ask this important question. I was quite surprised to hear him describe his philosophical opposition to private funding for research. I couldn’t believe it. Ever? Is this common? Do people fail because they lack opportunity or because they aren’t capable of success?
It shouldn’t come as a surprise to anyone that successful parents are more likely to raise successful children, but rarely do socialists look for any reason to explain this correlation outside the conventional market bashing anti-capitalist rhetoric. Worst. President. Ever.
Seven years of flaming Bush… not one useful law. As we begin the annual process of reviewing the year that was and preparing for the year that begins, I thought it would be painfully interesting to re-live the past 7 years of Bush. Keep your spirits up, just one more to go… hopefully. Socialists hate poor people
Central planning as an economic model has been discredited. The Soviet Union collapsed, get over it. Governments can not manage the economy and people’s lives because nobody is smart enough or honest enough to do it right. |
Highest Rated
|
