• Krugminator2's Avatar
    Yesterday, 10:38 AM
    Social guy in New York. Seemed friendly with Bolton on his TV show even while calling him naive to his face. Remember a long time ago he spoke a Bill Kristol event and didn't give an inch. And then he ripped Donald Rumsfeld to his face at dinner where Stossel introduced Rumsfeld. Wouldn't read too much into this. https://www.usnews.com/news/washington-whispers/articles/2012/10/03/donald-rumsfeld-spars-with-john-stossel-over-defense-spending
    7 replies | 148 view(s)
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    09-18-2019, 06:51 PM
    Actually that is all I was responding to. Of course I oppose spending another dollar in Afghanistan
    7 replies | 126 view(s)
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    09-18-2019, 06:27 PM
    Yes. And what does any of that have to do with Erik Prince being bad? He doesn't dictate policy. He just carries it out. He is a hero in my book. Walter Block should update his book to have a chapter "Mercenary as Hero" It is notable too that he is actually accountable. He lost his job during Iraq for his contractor's screwup. How many generals and public sector employees lose their jobs?
    7 replies | 126 view(s)
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    09-18-2019, 06:16 PM
    Why? Erik Prince was a Ron Paul supporter and is libertarian. If you are going to spend money on the military, private contractors like Erik Prince are more efficient and deliver a better result. Pretty good video on how he single handedly ended piracy in Somalia.
    7 replies | 126 view(s)
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    09-18-2019, 02:19 PM
    Depends on age, when you are going to need the money, is it in a retirement account or taxable savings, how often are you going to be watching this stuff and will fluctuations cause you to abandon the initial strategy? Also are you dumping a lump sum in at once that is currently in cash or is this something that you are looking to save into out of a paycheck? If you are under the age of 92, I would probably not buy a dividend fund like your first fund. Some things to consider. The expected returns going forward in the market will be lower than historical returns giving current valuations and the length of this run. Stocks are still the best option but worth having the right expectations. The US stock market has vastly outperformed almost every market in the world over the last decade so that will probably mean revert and your world stock fund will be a better option. Value has done horribly vs growth the last 10 years and that will probably mean revert. If you are setting up regular savings for retirement, I would just do 100% stock funds. I would probably do something like 1/3 Vanguard International stocks like you have 1/3 IWM (Russell 2000 so heavily weighted to Small Caps) 1/3 SPY
    2 replies | 87 view(s)
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    09-17-2019, 04:05 PM
    Do you think people with dementia should be able to own a firearm? I sure don't. I was with my dad fishing in the middle of nowhere Northern MI two weekends and he had no idea where anything was. I drove him to the hospital to determine if it was a stroke or Alzheimer's or a stroke. One of the first things I told the doctor while we were awaiting tests was he keeps a firearm in his glove box and has them all around the house. It turned out it was a stroke and has more or less recovered his faculties. But had it been Alzheimer's I would absolutely support making it illegal to own a gun. The thought of someone who is out of it mentally owning a gun and putting people around them or themselves at risk is ridiculous.
    214 replies | 2749 view(s)
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    09-16-2019, 02:19 PM
    I think the most odious part about you is not just that your freeload. I HATE that. But even worse you angrily demand other people to pay for you to freeload and then demonize them for not giving you enough. You seem to think you are owed a lot for just having a pulse and not having the innate desire to work "unsocial hours". It is insanity. In your bizarro world, the bad people are the people who have sacrificed the most and taken the most risk and the good people are those who do nothing but loaf around. In your world, the least ambitious seem to be the most virtuous. That is literally what I take from your posts.
    76 replies | 2996 view(s)
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    09-15-2019, 03:35 PM
    Unsocial hours? That has to be a joke, right? My first job was 8am to 8pm Monday through Thursday. 8 to 5 on Friday. 9 to 12 on Saturday. I had a 45 minute commute to and from work. I usually was early and left late. And I had work functions like going to soccer games and auto races (the company had ownership stakes in both) nearly every weekend. I did that for a little over three years. I did not like that but it was what was required. I am quite certain if I used the phrase unsocial hours, I would have been called a pussy or a ****** and told to quit. You seem to have this belief that getting rich just happens somehow through cosmic luck. The overwhelming majority of people who make a lot of money had a number of years going through hell before they started making good money.
    129 replies | 1505 view(s)
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    09-15-2019, 08:11 AM
    Steep economic downturns lead to big recoveries. Name one policy Obama implemented that was pro-growth. He raised taxes and increased regulation The Fed deserves most of the credit for this short term bounce. But over the long run a rising standard of living comes from being more productive. Trump's deregulation and corp tax cuts will make America more prosperous over a 20-30 year period in the same way the country benefited from Reagan long after he was out of office. Same with Thatcher in Britain. Same with Pinochet in Chile. Presidents get way too much credit or blame over the short run and not enough over the long run.
    296 replies | 7635 view(s)
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    09-14-2019, 11:32 AM
    Why couldn't they do more? Did they have Down Syndrome? Were they quadriplegics? It is interesting that Britain was a second world shithole country in the 70s following your ideals. Now it is a pretty successful country because Thatcher nudged degenerates like you a little bit. Though apparently not enough. So basically you are saying some blokes will have to work hard so other blokes like you don't have to? That doesn't seem too fair. Sure. And they should be ridiculed and shamed and not allowed to vote. There are no shortage of businesses that require little start up capital. How many books do you read a year? You have libraries in Britain right? You can gain from a successful person's life experience for free. I tend to be a bit of a bleeding heart on stuff like UBI. But honestly, you make it impossible to have any sympathy. I don't demonize people who have setbacks in life and think people can use a helping hand. The struggle is an important part of having self worth. But every time you post, I could not have less sympathy for you. You need a kick in the ass. You should be getting nothing from the government.
    129 replies | 1505 view(s)
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    09-12-2019, 06:10 PM
    I think a class like this is very useful and should be part of every high school. I am not sure the sneering. Truthfully, I think a class like this might be the most beneficial thing a lot of people would get out of school. John Wooden focused on the basics. And having a good foundation in life seems like a good idea. Baby boomers were horrifically bad at all of those things. Baby boomers are almost universally awful at all things related to money whether it is how to invest, reduce their tax bill, debt, or just saving money. How many Baby Boomer parents cook? Are Baby Boomers good at managing time? A huge percentage are drugged out on anti-depressants because they are overwhelmed. Given that Baby Boomers are so awful, it seems true their parents much have been awful. Stopping the cycle of being a moron seems useful.
    11 replies | 428 view(s)
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    09-11-2019, 09:27 PM
    That post is the most bigoted and disgusting thing I have seen on this site in a long time. America is not a theocracy. The country was founded on reason and classical liberal values. Almost none of the Founders were religious nuts. As far as I can tell outside of foreign policy, you have the worldview of Rick Santorum.
    129 replies | 1505 view(s)
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    09-11-2019, 06:43 PM
    Let's say vaping is dangerous. So what? Personal choice. The end. I am certain the numbers are inflated though. They do the same thing with cigars. I have never heard of anyone who got lung cancer from smoking cigars, yet if you Google cigars and health risks you will get all sorts of things saying how dangerous they are. I have even seen articles saying they are worse than cigarettes. But if you actually look at the independent evidence that the FDA published, if you smoke fewer than five cigars a day (which is a lot) your risk of most illnesses is barely higher than someone who doesn't smoke at all.
    55 replies | 760 view(s)
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    09-09-2019, 07:42 PM
    Buffett's secretary gets a larger salary than Warren. That's what conveniently gets left out. Buffett only pays himself 100k. His money is all in his company stock. He pays corporate income taxes plus capital gains tax if sells stock which effectively puts his rate in the top bracket. Capital gains tax rates can be debated. But that isn't a giveaway. Warren's capital gains rate would be zero in Hong Kong and Singapore.
    19 replies | 344 view(s)
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    09-09-2019, 06:56 PM
    The Boston Tea Party protested a government law in a practical manner given the distance of travel between the the colonies and Britain. This is vandalizing private property because you don't like their business decision. I have never made an "investment" in any company let alone the ones currently mentioned.
    41 replies | 797 view(s)
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    09-09-2019, 06:45 PM
    Vandalism isn't protesting. I'm sure Black Lives Matter and Antifa will be happy that you share their views though.
    41 replies | 797 view(s)
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    09-09-2019, 06:38 PM
    I didn't say or even hint that people don't need to be able to defend themselves. I implied no such thing. You did confirm my point that you think like a progressive. Your view is that you will make someone care about a pet issue. Not wanting to personally own a gun or be around them has zero, zip, zilch, nada, nil to do with liberty. I do not care even a little bit guns. That is in no way shape or form anti-liberty. I do not care about visiting prostitutes. I do not care to use crack or marijuana or vape. I only care that government doesn't restrict those things. I am for letting people be free to choose. You base views on personal whims. I base views solely on the principle that people should be allowed by the government to do what they want as long as they don't harm the physical person or property of someone else.
    41 replies | 797 view(s)
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    09-09-2019, 06:18 PM
    Yes. Because... Well.. They are a private business. Saying they aren't is like saying no business is private because you have public sidewalks and public parking and public roads. And if no business is private then the government can regulate it however they want. So yes. Facebook is a private business and restricting speech is never okay. Facebook and Twitter and Youtube and Google can ban whomever they want.
    41 replies | 797 view(s)
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    09-09-2019, 06:04 PM
    I'm a fan. You rabidly support Orange Man and demonize a liberty champion like Mark Sanford. You support regressive taxes on Americans in order to prop up failing industries with tariffs. You think government laws against prostitution are legitimate. You have anti-First Amendment rants against private businesses like Facebook and want to use government violence against them. See. You are not principled. This issue has nothing to do with freedom. The problem with unprincipled people (like you) is they are rabid when you don't take an interest in their cause. Gun guy, vape pen guy, marijuana guy are all the same guy. It isn't liberty they are after. It is making people care about their pet issue to the point of not just allowing something but having to be an active cheerleader for it. I support concealed carry and am fine with open carry laws. That is the only part that matters. That's the freedom part. I have no interest in guns whatsoever. Don't own one. Will never own one. Have no interest in being around them. There is no reason to open carry in a store or a restaurant. That has nothing to do with liberty. It is a personal choice. My life is not better or safer with some hayseed walking around with an AR-15 over his shoulder. And if a place wants to ban that. Good. I am slightly more likely to go there.
    41 replies | 797 view(s)
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    09-09-2019, 01:29 PM
    https://thehill.com/homenews/senate/460561-court-vacates-sentence-for-paul-neighbor-says-it-was-too-lenient Two years seems right.
    15 replies | 578 view(s)
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    09-09-2019, 09:55 AM
    Good example of why anarchists are not for liberty. No it is not okay to break windows or vandalize property. Ever. It is literally the worst possible thing that could happen to further liberty. Acting like Antifa will win no reasonable person to a cause. And don't fill up shopping carts full a crap that you won't buy. It is immoral. It is stealing. Someone has to restock that stuff which costs money. People who are for liberty aren't thieves. You have no constitutional or moral right to open carry (or even carry) a firearm into private property. Their property. Their rules. And frankly open carry in most private businesses is insane. If I owned a business, I would ban it. The amount of people who will be turned off by some goober with a visible gun vastly outnumbers the people who will protest a business. You can still concealed carry. No one is a sitting duck. This is an infringement on freedom in the same way that banning people from showing their penis in a store is an infringement on freedom. I was just talking about this with my dad who carries everywhere this weekend. And he was saying what embarrassments so many of the fringe gun nuts are.
    41 replies | 797 view(s)
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    09-08-2019, 07:31 PM
    Mark Sanford is the single most qualified liberty candidate I can think of. Unlike Ron Rand amash and goldwater, Sanford actually has run things successfully. And unlike GJ, he is much more articulate and has a better philosophical understanding of liberty. Plus he has broader appeal to Repubs on social issues. Great two term governor. Was head of the Republican governors associaton. Sanford won't win. But anyone dumping on Sanford is a buffoon. He probably deserved his own subforum here. He and Ron voted almost identically back in 90s before it was common to vote against everything.
    48 replies | 983 view(s)
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    09-05-2019, 08:15 PM
    Of course the dollar declines. All currencies decline because central banks have inflationary monetary policies. But Ron's whole point is the world is going to go to hell because the dollar will become as worthless as toilet paper. Comparing currencies matters because people have to use something as a medium of exchange. If people don't use the dollar, what is the alternative? I watched the interview somebody posted with Steve Bannon and Kyle Bass. They made an interesting point that China doesn't let other countries use the Yuan because the country is probably a Ponzi scheme and they don't have near the wealth the are reporting. They made the point China desperately needs a "hard" currency like the dollar. China really does fell like Enron or Madoff the way they have shown growth so smoothly and consistently. I have a contrarian viewpoint in that I think for people who aren't putting someone through college or who don't have major health care expenses, inflation is actually OVERSTATED and manipulated upwards. Think how cheap gas is compared to what it was 10 years ago. So many things are much cheaper than used to be. Tennis shoes and clothing are cheaper, accountants are no longer needed because of cheap tax software, Google Maps and the Google itself being able to find things so easily eliminated the need for expensive experts and encyclopedias, Amazon and eBay have made books and other products a fraction of the cost that they once were. All I am saying is I don't think the world is anywhere near coming to an end. I think the US is in a much better position. Banks and housing in the US is in a much stronger position that most of the world. It is easy to be bearish on America. But it has always paid to bet on the US. The US survived FDR and his massive deficits and government controls. The country moved massively away from freedom. We had 90% tax rates and you couldn't own gold and the country ultimately survived when better ideas rose to the top. Freedom is always a good idea and I think enough Americans will gravitate back toward it because it is the DNA of the country.
    14 replies | 698 view(s)
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    09-05-2019, 06:37 AM
    I wouldn't think of economics as Austrian or Keynesian or MMT or Chicago. I would look at it as right and wrong. Economics in One Lesson is about as good as it gets. Though I wouldn't really call it Austrian as much as just correct. If you want a book that is easy to read, filled with facts and applies Austrian economics, then America's Great Depression is probably the best. Very well written. I don't know everything is correct but it is certainly Austrian. I read Human Action 10 years or so ago. Long swaths of it are unreadable but it is overall very good, especially from a liberty point of view.
    7 replies | 452 view(s)
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    09-04-2019, 03:14 PM
    Michigan has a 32% tax on cigars as well. I wish smokers had 1/10th the political will as gun owners. I had someone bitch at me for smoking a cigar on a walk. The anti-smoking people are Nazis.
    25 replies | 491 view(s)
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    09-03-2019, 08:00 PM
    What does that even mean? How does the Federal Reserve debase the currency and at the same time hide inflation? Inflation is a monetary phenomenon, at least that is what the economists Ron says he likes thinks. The Dollar Index just made multyear highs today. You can't really hide the market value. The market is the ultimate arbiter of what something is worth not Ron's gut feelings. https://www.wsj.com/articles/chinas-yuan-drops-to-weakest-level-in-more-than-a-decade-11567489502 I remember Peter Schiff talking about the Big Mac Index during the financial crisis to show how worthless the Dollar was. For some strange reason, I don't hear him mention the Big Mac Index anymore. https://www.cnn.com/2019/07/12/investing/dollar-big-mac-index/index.html
    14 replies | 698 view(s)
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    09-01-2019, 07:14 PM
    He said unions, min wage laws elsewhere. Also worth a read. https://www.econlib.org/archives/2017/03/conservatives_b.html
    16 replies | 1137 view(s)
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    08-30-2019, 12:02 PM
    I can't understand at all why women make up 20% of engineering students. Real puzzler. Must be the boys are mean and sexist. Also a conundrum why black students have lower wages when they graduate. 2016 SAT test results confirm pattern that’s persisted for 50 years — high school boys are better at math than girlshttp://www.aei.org/publication/2016-sat-test-results-confirm-pattern-thats-persisted-for-45-years-high-school-boys-are-better-at-math-than-girls/ New chart illustrates graphically the racial preferences for blacks, Hispanics being admitted to US medical schoolshttp://www.aei.org/publication/new-chart-illustrates-graphically-racial-preferences-for-blacks-and-hispanics-being-admitted-to-us-medical-schools/ "African-Americans over-represented among low-paying college majors" https://www.pbs.org/newshour/education/african-americans-over-represented-among-low-paying-college-majors
    4 replies | 145 view(s)
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    08-30-2019, 06:23 AM
    https://www.themoneyillusion.com/what-did-hayek-really-think-of-deflation/
    16 replies | 1137 view(s)
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    08-29-2019, 05:23 PM
    I don't distinguish between marijuana and crack from a legal standpoint. They may as well be the same thing. You are an entrepreneur providing a service just like a crack dealer. I applaud you. Good for you. Nothing wrong with it imo. Happy for your success. Elon Musk doesn't smoke marijuana. He said it had been like 15 or 20 years since he last tried it. And when I say someone is a loser, I get there are no shortage of exceptions. But I know quite a few and have interacted with quite a few successful people. Exactly zero do drugs. I like Elon Musk a lot. I think he is a great visionary. I also like a lot of things about Jeff Skilling at Enron. Wouldn't be surprised Musk ends up in prison like the Enron guys. Seems like there is a better than average chance Solar City was an accounting fraud that he covered up by buying it. Article from the other day and some supporting articles
    28 replies | 526 view(s)
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