• Krugminator2's Avatar
    Yesterday, 07:38 PM
    I had a salvage title car well into my 20s. When I traded it in, I think I got $100 for it. Literally. Any parent who lets their kid drive a new car is a bad parent and is teaching their kid a horrible lesson. And on a side note, I feel like 70-80% of the people I see on the road driving German cars have not reached a level of success commensurate with the car they are driving. Seems like a lot of people skip the whole working hard part and go straight to the consumption part.
    24 replies | 293 view(s)
  • Krugminator2's Avatar
    Yesterday, 02:22 PM
    I have never heard the term interest capitalization in my life. I got it right only because I guessed b.
    19 replies | 303 view(s)
  • Krugminator2's Avatar
    04-20-2019, 12:57 PM
    1. The recession ended March 2009! 2. Adjusting rates has nothing to do with whether monetary policy is loose or tight or goosing the stock market. If markets are forecasting rate cuts or if you use some other benchmark like NGDP that show the economy slowing, not cutting rates is tight policy and cutting rates is neutral policy. Saying conditions are different is nonsensical. If a rate cut is what is needed, it is what is needed. Realistically rates should change daily by a computer and they should change based on what markets are forecasting. the paradox of cutting rates when they are needed is that it will likely lead to fewer rate cuts in the future on more historically normal interest rates. Smart person's take who has been right about everything the last 11 years. https://www.econlib.org/cutting-rates-would-not-be-reversing-course/
    55 replies | 1692 view(s)
  • Krugminator2's Avatar
    04-18-2019, 08:46 PM
    This guy is pretty far to the left on macro stuff and is probably a Bernie Bro/MMT type but he semi-fair and reasonable at times. He supports weakening patent protections on drugs, importing them and ending medical licensure. This has been his pet issue for a long time. http://cepr.net/blogs/beat-the-press/licensing-requirements-can-we-talk-about-doctors Even Comrade Obama's chief labor economist was pushing limiting occupational licensure. https://obamawhitehouse.archives.gov/blog/2015/07/28/trends-occupational-licensing-and-best-practices-smart-labor-market-regulation
    25 replies | 419 view(s)
  • Krugminator2's Avatar
    04-18-2019, 07:17 PM
    That would be my preference. Odds of eliminating Medicare and Medicaid without a replacement are 0%. And your fixes aren't mutually exclusive with a HK/Singapore system. Even a lot of left wing economists support ending medical licensure and importation of drugs.
    25 replies | 419 view(s)
  • Krugminator2's Avatar
    04-18-2019, 07:04 PM
    We already have socialized medicine. Medicare, Medicaid, Obamacare, VA, and the tax break employers get to compensate people in health care instead of dollars. We should just replace the current system with a Hong Kong/Singapore/Switzerland style. The would appease the left, lower costs, and actually be much more free market than the current system. Look at how much more efficient HK and Singapore are than everyone else in the world. https://www.bloomberg.com/news/articles/2018-09-19/u-s-near-bottom-of-health-index-hong-kong-and-singapore-at-top If Bernie/Warren/Millenials decide we are getting France.
    25 replies | 419 view(s)
  • Krugminator2's Avatar
    04-18-2019, 06:56 PM
    No. But taxing the middle and upper middle class does. The mathematical reality is all those high tax countries progressives love tax the middle class at a much higher rate. Denmark starts a 60% tax rate at 60k in income. All the "civilized" countries like Canada, UK, and Australia have an effective tax rate on the top 1% barely higher than what they pay in the US. The difference is they start the high rates at much lower incomes. That is the inconvenient truth that Trump should hammer home.
    7 replies | 245 view(s)
  • Krugminator2's Avatar
    04-18-2019, 04:31 PM
    1118232615847329802 "Harris also makes this really good point, “whiteness and property share a common premise — a conceptual nucleus — of a right to exclude” (1714). Bam! That really hits it on the head. If you look at any United States library’s collection, especially those in higher education institutions, most of the collections (books, journals, archival papers, other media, etc.) are written by white dudes writing about white ideas, white things, or ideas, people, and things they stole from POC and then claimed as white property with all of the “rights to use and enjoyment of” that Harris describes in her article. Library collections continue to promote and proliferate whiteness with their very existence and the fact that they are physically taking up space in our libraries. They are paid for using money that was usually ill-gotten and at the cost of black and brown lives via the prison industrial complex, the spoils of war, etc. "
    5 replies | 162 view(s)
  • Krugminator2's Avatar
    04-17-2019, 05:23 PM
    Good call. I have been so lazy on this stuff and have just been signing up through Blue Cross which weren't medically underwritten. The plan the guy got me had 60% lower deductible and had initial coverage for small stuff for the same price I was paying. The only difference was I wasn't lumped in the general risk pool.
    30 replies | 672 view(s)
  • Krugminator2's Avatar
    04-17-2019, 03:22 PM
    I have basically always had insurance in the individual health care market which what Romneycare/OCare affects. The cost relative to the group market is absolutely insane. I am fortunate I can afford it and that I am still fairly young (35) but the cost is going to be ridiculous over the next 20 years. A lot of people were motivated to vote Republican because Ocare increased premiums. But the Republicans are going to lose voters if they don't address this issue. The current system basically fucks any self-employed person or independent contractor in the butt who doesn't have a very low income. Let's say you cut hair and make 50k and have a kid. You don't qualify for subsidies but you are going to spend 10-20% of your income on insurance depending on how old you are. That's on top of the 15.3% you pay in FICA, property taxes, state taxes. and federal income tax.
    30 replies | 672 view(s)
  • Krugminator2's Avatar
    04-15-2019, 05:02 PM
    I am on Stone's side and shouldn't have said I don't feel bad for him. This is clearly really bad and he shouldn't have to bankrupt himself to defend himself. That said, Stone's website says his legal bills could top $2 million, so presumably he has spent nowhere near that at this point. Based on just his lobbying efforts in the 80s, I would have guessed $2 million should not have been a hardship for him. To be clear, that is beside the point and do not want anyone to have something like happen to them.
    4 replies | 204 view(s)
  • Krugminator2's Avatar
    04-15-2019, 04:29 PM
    Do I feel bad for him? No. He clearly is awful with money. Hard to feel bad for a guy who made a zillion dollars and chose to live in a nine bedroom house and is now broke Roger Stone and Paul Manafort are worse than MC Hammer with their money. Paul Manafort spent like $1 million dollars on suits and is now broke. These guys should be given one free copy of A Million Next Door and learn to manage their finances better.
    4 replies | 204 view(s)
  • Krugminator2's Avatar
    04-14-2019, 01:59 PM
    He was runner up at the PGA Championship, had a chance to win the British Open, won the Tour Championship and was runner up in Fed Ex Cup points. The world golf rankings are rolling two year rankings and he only has 16 months of tournaments and this already moves him up to 6th. Realistically he is at worst one of the 3 best golfers in the world and probably top 1.
    11 replies | 181 view(s)
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    04-14-2019, 01:53 PM
    I am a Jack guy and still think Jack is the GOAT because of how consistently great he was but when Tiger is healthy and playing well he is the far superior golfer. I was really rooting for anyone but Tiger today.
    11 replies | 181 view(s)
  • Krugminator2's Avatar
    04-13-2019, 07:44 PM
    Unlimited immigration but with one simple fix. You have to pay to come here and if you can't come up with the money treat it like a mortgage. If you make the cost of citizenship $50,000 and a make people $10000 for a green card you solve a lot problems about people being a drain on the system. If someone comes here and doesn't pay, I would make the penalty strict and put them in jail. That fix would deter illegal immigration and wouldn't restrict anyone's rights. You can come here if you are serious about coming here.
    158 replies | 2239 view(s)
  • Krugminator2's Avatar
    04-13-2019, 04:36 PM
    But he isn't though. I know it splitting hairs but I have heard him interviewed a number of times and he is very different than someone like Bill Krisol. He is more of an Ayn Rand hawk on steroids. From Wikipedia. He declared himself in an interview with Edward Luce of the Financial Times in 2007 to be a "Goldwater conservative", as opposed to being a neoconservative. He also pointed out that he was a follower of Edmund Burke. He also said "I have always been a conservative. The idea of big-government conservatism has more neocon adherents than from unmodified conservatives." "But as many people have pointed out in the last twenty-four hours, Bolton isn’t really a neoconservative. Unfortunately, his brand of hawkish nationalism conforms far more closely to Trump’s own worst foreign-policy instincts. " https://nationalinterest.org/blog/the-skeptics/john-bolton-back-so-are-his-dangerous-ideas-25050
    28 replies | 894 view(s)
  • Krugminator2's Avatar
    04-12-2019, 07:54 PM
    Trump isn't a neocon. That is factually wrong. There is a reason neocons universally hate Trump. He does have some bad people around. And you mention John Bolton. For all things wrong with John Bolton, he isn't a neocon. He's an extreme hawk. But he is more like Donald Rumsfeld (also not a neocon). Trump's foreign policy has been less interventionist on foreign policy than any recent president. So I am not sure what actions you are even talking about.
    28 replies | 894 view(s)
  • Krugminator2's Avatar
    04-12-2019, 12:59 PM
    I have no idea what you are even complaining about.
    28 replies | 894 view(s)
  • Krugminator2's Avatar
    04-12-2019, 10:15 AM
    Actually it does. In fact, it is the most important part of the 14th Amendment. Courts use the 14th Amendment to overturn states that won't to deprive people of same sex marriage and abortion. Fine. I (and libertarian legal scholars) believe the same reasoning should be used to overturn virtually every regulation. This is especially bad because it isn't even a regulation. It is just state governments arbitrarily restricting property rights. "No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws."
    9 replies | 218 view(s)
  • Krugminator2's Avatar
    04-11-2019, 06:55 PM
    That's right. They don't. Because states don't have rights. If a state makes a law banning guns, the Constitution trumps that. If a state tries to restrict your property rights in building a pipeline on private land, the 14th Amendment trumps state law. Using executive orders to increase freedom is always a good thing.
    9 replies | 218 view(s)
  • Krugminator2's Avatar
    04-11-2019, 12:55 PM
    This is literally how a free market in education should work. Loans should be priced off of risk and the ability to repay. An engineer at MIT should pay a lower rate than a film studies major at Ball State.
    3 replies | 304 view(s)
  • Krugminator2's Avatar
    04-10-2019, 07:01 PM
    Not from 150 years ago they don't. I just sent my taxes in. You know who deserves reparations? Me and everyone else who didn't consent to paying for all of the unconstitutional things government does. I didn't sign any social contract. Here is an unpopular view that can only be said anonymously on a libertarian forum. You want to know why blacks do so terribly? They have significantly lower IQs than the average person and those low IQ people have a zillion kids out of wedlock and have low IQ kids who can't compete in society that values intelligence over physical strength. Slavery isn't the reason blacks have low incomes and low net worths. Jews came here with nothing after WWII. Jews are discriminated against. Why are they so successful? They have significantly higher IQs than the average and value family. The end. It is funny that most people will accept that Jews are successful in large part because they are more intelligent (https://www.jordanbpeterson.com/psychology/on-the-so-called-jewish-question/) but you can't just point out the obvious about blacks without your life being ruined. https://www.nytimes.com/2019/01/01/science/watson-dna-genetics-race.html
    31 replies | 479 view(s)
  • Krugminator2's Avatar
    04-10-2019, 05:59 PM
    A STEM degree means nothing for this job. I assure you I was a far better student than Herman Cain but that doesn't mean I am qualified. I don't care if care if Herman Cain has Federal Reserve experience. That means nothing to me. I have listened to Herman Cain talk about economic matters and I remember his answers from the debates on the Federal Reserve. He knows nothing. There are so many economists that would be actual, real choices. Joe Salerno from the Mises Institute knows infinitely more about monetary policy than Herman Cain. Larry White is a gold standard guy who went to Harvard and worked for the Federal Reserve. He actually devoted his life to monetary policy. Pick him. George Selgin went to NYU and is another person who spent his life studying monetary policy. And Steve Moore is almost as bad, but at least he is sort of an economist. A 5th tier economist. But an economist at least. Why not pick the best candidates? You have to know Herman Cain is not the best and the brightest for this job.
    86 replies | 1522 view(s)
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    04-09-2019, 05:21 AM
    It is interesting because I am an atheist. But I don't actually think the country would be better off with more atheists. I think Objectivism as a philosophy is very good because it grounds people in morality. My gut tells me that there is a strong correlation between atheism and big government. Religious people are far more charitable in both money and time. And if you look at countries like the Nordic countries with a large atheist population and low marriage rate, you tend to think it is government's job to take care of other people.
    18 replies | 458 view(s)
  • Krugminator2's Avatar
    04-08-2019, 10:21 PM
    Why not just put Oprah on the Fed using that logic? She is successful and can pretend she knows something about a topic she knows nothing about. I am in favor of putting people who have devoted their life to the topic of monetary policy and have a track record of being right in the past. Trump's choices fit neither of those criteria.
    86 replies | 1522 view(s)
  • Krugminator2's Avatar
    04-07-2019, 04:14 PM
    Let's say you thought a gold standard is a good idea. Almost no economist agrees. In order to persuade people you kind of need facts and data to support your position and have a workable plan to transition over. You need extreme competency. Neither of these people possess that. They are however Trump lackeys who will do what it takes to try to make sure we don't have a recession before Trump's next election. (That might not be a terrible thing. As the yield curve inverts there is no argument for tightening and probably and argument to start easing soon.)
    86 replies | 1522 view(s)
  • Krugminator2's Avatar
    04-05-2019, 05:29 PM
    Not surprising, cats are assholes. Not even really sure what the point of them is as pet. Compare a cat to a Labrador Retriever. No contest.
    31 replies | 434 view(s)
  • Krugminator2's Avatar
    04-02-2019, 05:32 PM
    Except this is a real criticism though. This isn't an unfair or just him being crude on Twitter . He cheats and lies compulsively in a game where you don't do that.
    81 replies | 1438 view(s)
  • Krugminator2's Avatar
    04-02-2019, 05:23 PM
    Trump's behavior on the golf course really is inexcusable. Trump is a bad person and a compulsive liar. That is already kind of priced in. But his golf course behavior is on a whole different level. He is the single most disrespectful person to the game I have ever seen by far. The guy drives his cart on the green. I don't care if owns the course or not. You don't do that. He just isn't a good person. The worst story is not only his cheating for himself, he threw Mike Tirico's golf ball off the green into a bunker before Tirico got to the green on a blind par 5 green. Not as a joke but really did it when they were playing against each other. Tirico only found out after the round when Trump's caddie snitched on Trump. He should be shunned from the game. Still better on policy than a Dem though.
    81 replies | 1438 view(s)
  • Krugminator2's Avatar
    04-02-2019, 12:39 PM
    By not passing it. I have a better idea. Flat no deductions tax (except offsetting business expenses from revenue which isn't really a deduction) with no tax credits. Unfortunately freedom is an impossible. Everyone wants their free shit.
    9 replies | 203 view(s)
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