How the Asset Bubble Could End – Part 1
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Jan 23, 2018 - 2:46am
How the Asset Bubble Could End – Part 1

Another Shoeshine Boy Moment   We recently pondered the markets while trying out our brand-new electric soup-cooling spoon (see below). We are pondering the markets quite often lately, because we believe tail risk has grown by leaps and bounds and we may be quite close to an important juncture, i.e.,  the kind of pivot that can generate both a lot of excitement and a lot of regret all around. Provided one manages to grasp the nettle with the proper combination of preparation and luck, the emphasis may be on excitement rather than regret.     Modern soup-cooling spoon for the sophisticated gourmet. We are not the gentleman in the picture, we don’t even know him, we just wanted to show this nifty spoon in operation. Once you have one, you will wonder how civilized life was even possible before it. Photo credit: Ha…

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#1
Optimal Capital Taxation and The Long Run

  I do not like the argument that capital income shouldn't be taxed and I do not like the assumption that, in any good economic model, the economy will converge to a unique long run balanced growth path.   The two are related in two ways. First the mathematical case for zero tax on capita…

Jan 23, 2018 - 12:13pm
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#2
California Registering Illegal Aliens to Vote

On April 1st, EVERYONE (including ILLEGAL ALIENS) in California who gets a Drivers License is automatically registered to VOTE!  See link below:     This has been corroborated on multiple news outlets, so don't even try the "right wing press" propaganda crap.  All you have to d…

Jan 22, 2018 - 2:38pm
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#3
La Femme Libertine

Webster defines a libertine as one who has no sexual morals, a free thinker; usually a man! What, why?    I am a Femme Libertine, I make this claim loudly and proudly. A libertine believes in the amazing wonderful liberties that the life of a free thinker accords. Life should be experience…

Nov 4, 2017 - 4:56pm
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#4
Trump Erodes the Global Power of American Values

The scholar who coined the term "soft power" thinks the U.S. will regain its stature. But not under the current president.Donald Trump's tirade a week ago against non-white countries may be tearing the final fiber off American soft power.Witness the worldwide reaction in the …

Jan 22, 2018 - 4:24pm
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#5
Damn those Regulations

In 1980, I was working in Northern Alberta on the drilling rigs. We were drilling a new holes in the middle of sour oil country. Sour oil or gas is contaminated with hydrogen sulfide (H2S). One good whiff of H2S, you would either be dead or brain disabled.   The rig foreman gave us some advice:…

Jan 22, 2018 - 6:36pm
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#6
This Years March..and Whats Coming...

Womens March 2018..Again Not About Trump I broke my wrist in a couple places yesterday…so my trip to NYC for the womens march 2018 is out.  Ive been working on this for a couple of months now.  So I guess I am  with them in spirit.   This year, we have dozens of women …

Jan 20, 2018 - 2:51pm
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#7
What to do with one's life of rebellion.

When I was in my youth I woke up to the evils of the society I was living in, with its hypocrisy, warmongering, greed and destructive ways. I saw that the constant striving for growth was destroying nature and that most people were snared into a life of mindless consumerism. The tenets of the cultur…

Jan 21, 2018 - 1:53pm
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#8
Kentucky Fried Fable

The chickens used to be silent. One day one of them started clucking. Then another and another. Pretty soon every damned chicken around started clucking and could not stop. The condition grew so that the more chickens were around the more each one would cluck. Pretty soon the clucking was mindless d…

Jan 22, 2018 - 9:57am
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#9
Racism Expert Karim Fereidooni

  ZEIT online has an  with a racism expert. They don’t mean Trump this time. The ‘expert’ is a Muslim lecturer. His name: Karim Fereidonni.   He declines the need for an Antisemitism Secretary in the German government. I couldn’t agree more, but you will see…

Jan 18, 2018 - 4:28pm
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#10
Winter Did Come

Whose woods are these? They're mine, you know. And they are really filling up with snow. apologies to Robert Frost. Poem paraphrase and picture courtesy of my wife Carrie.   When you are retired, the concept of a Monday doesn't resonate quite as badly as during a work week. But last week,…

Jan 20, 2018 - 11:13am
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#11
Tubularsock for President!

As many of you know, I have been promoting my alternative system of governance for several months on Writer Beat and a few other places. This month is my big marketing push to get ebook sales, and preliminary results suggest that I should put my hopes for change elsewhere.   So here is my new a…

Jan 19, 2018 - 11:42am
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#12
Gerrymandering and hearing what an expert says

I went to a meeting of the Radnor Democrats and there were so many nice, intelligent, dedicated, hopeful people there that it made me wish I liked people more. That's something I'm going to work on, liking people despite their limitations, and getting people to like me more despite my intellectual h…

Jan 10, 2018 - 3:25pm
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#13
Logical Argument

I heard a guy named Kelly speaking on NPR this morning. He started the magazine, Wired, and has written some books. I thought he was an idiot. He made an argument about the greatness of this world communications system we're developing and the benefits of machines that evoke sympathy, mimic fee…

Jan 21, 2018 - 2:05pm
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#14
What Trump’s Tax Cut Really Means for the US…

Republicans and the Trump administration have promised that the tax legislation enacted in December will boost investment and long-term GDP growth. But the new law is likely to do neither, because it is based on flawed assumptions and contains a raft of self-defeating provisions.   AUSTIN R…

Jan 21, 2018 - 7:17pm
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#15
Ley's Hit the Trail

    Today's outburst from He Who Shall Remain Clueless, among other recent events, underscores my recent conclusion that Homo sapiens is not yet ready for self-government.    The vast majority of human life on this planet is far too manipulated, self-centere…

Jan 21, 2018 - 10:29pm
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#16
Curtailing Compensation of Corrupt Civil Servants

The idea that the federal government has restrictions is becoming nothing more than a wish.  In Thomas Jefferson’s mind, the federal government’s responsibility was to deliver the mail, defend the shores, and settle disputes over things like water rights on rivers that flow through …

Jan 16, 2018 - 11:46am
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#17
Uncle Sam and Aunt Mildred go to the grocery store…

We've all heard of Uncle Sam, right? Yeah, that guy.  You know it's said that behind every great man there is a woman. I'm not certain that this is universal, but the rule does seem to apply to lesser men as well. Isn't it a bit peculiar that no one ever seems to ask, "Hey! Is there a Mrs. Uncl…

Jan 20, 2018 - 6:45am
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#18
The Dreaded Rejection Letter

Dear Author, Thank you for submitting your work to us. Unfortunately, it doesn't meet our needs at the present time, but we wish you future success. Sincerely, The Editor   Well, that's what they write. Any professional in the business will tell you editors, agents, and publishers don't r…

Jan 21, 2018 - 4:34am
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#19
A New Perspective

I teach school at a reservation school in ND school. Just before school started in August 2017, I was told that medically, I was very fit. By early September I could not stand on my own and no one knew why.Then God stepped in. I was told I could not get to see the doctors I needed to see to ge…

Jan 8, 2018 - 4:00pm
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#20
Trump Has Delivered For Us Christians

As you know, God revealed to many of us Christians, including me, that Trump would be the president. We came out 81% for Trump and 16% for Hillary.   AND TRUMP HAS DELIVERED!   First he has vitiated the unconstitutional Johnson Amendment which threatened the church if we got into politics.…

Dec 8, 2017 - 6:31am
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#21
Where star scientists choose to locate: the impact…

The impact of state taxes on the ability of different parts of the United States to attract firms and jobs is prominent in public policy debates. Many states routinely advertise their favourable tax environments with the explicit goal of attracting workers and business activity to their jurisdictio…

Jan 22, 2018 - 5:39am
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#22
France leads celebrity pushback against '#MeToo'

In the months since allegations of sexual abuse against US movie mogul Harvey Weinstein first emerged, Hollywood stars have been falling over themselves to condemn him, other 'ladies men' in the industry and express their support to those who claimed to be victims of sexual predators. The witch hunt…

Jan 16, 2018 - 2:28pm
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#23