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Read More »What They Really Mean When They Say “Do the Right Thing”
[unable to retrieve full-text content]As a senior in high school, I ran for class president with “Do the right thing” as my campaign slogan. Though I realized years ago how utterly pretentious that message is, I’m often reminded that it’s good politics, which proves the point that politics is poison.
Read More »The Fed Is Bailing Out the Wealthy as Everyone Else Pays the Price
The Federal reserve says that inequality is a problem. At the same, the Fed also pretends to have nothing to do with it. Last September, for instance, Jerome Powell bemoaned the “relative stagnation of income” for people with lower incomes in the United States, but then claimed the Fed “doesn’t have the tools” to address this issue. Instead, Powell, being the chairman of this ostensibly “independent” and “nonpolitical” central bank, called for the federal government...
Read More »The Fed Is Bailing Out the Wealthy as Everyone Else Pays the Price
The Federal reserve says that inequality is a problem. At the same, the Fed also pretends to have nothing to do with it. Last September, for instance, Jerome Powell bemoaned the “relative stagnation of income” for people with lower incomes in the United States, but then claimed the Fed “doesn’t have the tools” to address this issue. Instead, Powell, being the chairman of this ostensibly “independent” and “nonpolitical” central bank, called for the federal government...
Read More »War Has Declined in the West Because War Isn’t “Worth It” for Rich Countries
Sorry, I've looked everywhere but I can't find the page you're looking for. If you follow the link from another website, I may have removed or renamed the page some time ago. You may want to try searching for the page: Search Searching for the terms %3Futm+source%3Drss%26utm+medium%3Drss%26utm+campaign%3Dmatthews+war+declined+west+because+war+isnt+worth+rich+countries ......
Read More »War Has Declined in the West Because War Isn’t “Worth It” for Rich Countries
The triumph of peace in contemporary societies is expressed as an obvious fact by mainstream intellectuals. Noting the relatively peaceful state of the world is part of a broader narrative to paint a positive picture of humanity. Yet there is a kernel truth to the assertion that quality of life indicators are improving, as explored by Marian Tupy and other optimists. But the game of warfare is more complicated. Steven Pinker in his compelling tome The Better Angels...
Read More »The Political Alchemy Called Modern Monetary Theory
The new kid on the economics block is something called modern monetary theory. The name is new, but the “theory” is not. Proponents adamantly claim that it is both new and a theory of economics. To make it appear this way, they dress the ideas in unusual-sounding jargon and use rhetorical tricks. For example, instead of presenting actual arguments or responding to direct questions, they present a circular flow of deepities. To top it off, they, at least in my humble...
Read More »The Political Alchemy Called Modern Monetary Theory
The new kid on the economics block is something called modern monetary theory. The name is new, but the “theory” is not. Proponents adamantly claim that it is both new and a theory of economics. To make it appear this way, they dress the ideas in unusual-sounding jargon and use rhetorical tricks. For example, instead of presenting actual arguments or responding to direct questions, they present a circular flow of deepities. To top it off, they, at least in my humble...
Read More »Mark Spitznagel Teaches the Economists How to Invest
Bob reviews Mark Spitznagel’s latest book, Safe Haven: Investing for Financial Storms, on which he was a consultant. Bob explains that Spitznagel rejects the alleged dichotomy between risk and return, and then gives a numerical example to illustrate the two schools of thought. Mentioned in the Episode and Other Links of Interest: Bob’s appearance on Jordan Peterson‘s podcast Bob’s surprisingly high ranking among influential economists His episode with Winston...
Read More »Mark Spitznagel Teaches the Economists How to Invest
Bob reviews Mark Spitznagel’s latest book, Safe Haven: Investing for Financial Storms, on which he was a consultant. Bob explains that Spitznagel rejects the alleged dichotomy between risk and return, and then gives a numerical example to illustrate the two schools of thought. Mentioned in the Episode and Other Links of Interest: Bob’s appearance on Jordan Peterson‘s podcast Bob’s surprisingly high ranking among influential economists His episode with Winston...
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