• Krugminator2's Avatar
    Yesterday, 04:59 PM
    I always look at this way. Singapore curbs civil liberties. You can't speak out against the government. They execute you if you deal drugs. You can get brutally cained for graffiti. They rank very low in political freedom and civil liberties. https://freedomhouse.org/report/freedom-world/2017/singapore Whereas Portugal ranks much higher than the US on civil liberties and personal freedom. https://freedomhouse.org/report/freedom-world/2017/portugal https://freedomhouse.org/report/freedom-world/2017/united-states It is one of the freest places in the world in those areas. Where would I rather live: Singapore or Portugal? Singapore without a doubt. They have a much greater respect for property rights. Portugal is almost a third world country. I just won't spray paint cars and I will be okay. Nothing else matters without economic freedom.
    138 replies | 1758 view(s)
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    09-23-2017, 11:30 PM
    As an aside, I am quite familiar with the work of that author outside of libertarianism. It is laughable that the Mises Institute publishes someone like that. I have no idea how he is not in jail. At one point he was the go to guy for the biggest pump and dump stock scams around. I haven't seen his name as much lately. Running promotional mailers for pink sheet stock scams seems to be the go to occupation for a lot prominent ancaps. I can think of 4 off the top of my head.
    95 replies | 1475 view(s)
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    09-23-2017, 08:27 PM
    I linked to them because the implication of your post is anyone who disagrees with you is ignorant and only able to make strawmen arguments against anarchy. I don't believe Hayek, Mises and Rand are ignoramuses. What I did not say is that they believe anarchy is a bad idea therefore I am right. That would be an appeal to authority. Though it is perfectly reasonable to use them as a reference because they can more articulately express views than I can. I have never heard my objections refuted. Certainly not by Rothbard or David Friedman or you.
    95 replies | 1475 view(s)
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    09-23-2017, 06:26 PM
    Brady did not publicly dump on Trump. He had a Trump hat in his locker and never said anything negative about Trump. Why would Trump call out Brady? Belichick wrote Trump a letter saying what a great guy Trump is and Kraft is buddies with Trump. Steph Curry has trashed Trump for over a year. It is disgraceful that this was turned into a racial issue in the article and weirdly the original posted bolded that part as if it is anything other than race baiting trash. Not mentioned in the article, Brady skipped going when Obama was President.
    67 replies | 777 view(s)
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    09-22-2017, 08:03 PM
    You've not settled it. Much smarter people than you think it is an insane idea. In fact, no one can demonstrate how it will work. FA Hayek thought it idiotic. Here is what Mises thought about Rothbard's anarchism from someone who sat in Mises' seminar.
    95 replies | 1475 view(s)
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    09-22-2017, 07:46 PM
    Ask that guy's relatives if they would rather live like animals in Africa or live in civilization. For all the whining, I suspect 100% will choose America when it is all said and done. Slavery ended in 1865 and two-thirds of the population lived in states without slaves before then. The United States is the most successful experiment in human history. It is not a slave state. The United States invented freedom. Slavery was a short term aberration that occurred for political reasons. Civilization did not exist in human history until the United States was founded. People lived short brutal lives before the founding of the United States. The average lifespan was 35 in 1776. The countries that are successful today basically copied the US. The ones that don't copy the US live like it is 1776 still. If you want a picture of where people actually are tortured and killed- not pretend torture like being taxed at 15%- all you have to do is look at anarchist Somalia. I won't even post a picture of a starving Somalian because of how graphic it is. Anarchy is the moral equivalent to Marxism. It is the absence of freedom.
    95 replies | 1475 view(s)
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    09-22-2017, 03:53 PM
    There are no liberty leaning Democrats. The least bad Democrats are pragmatists. Bill Clinton, Larry Summers, and third way Democrats are not catastrophically bad. If Kucinich, Gabbard, or Corey Booker ran against a Republican, I would vote for the Republican no matter what. It wouldn't even matter how terrible they are. If the country were in such bad shape that Dennis Kucinich got elected, a military coup would be the best option.
    138 replies | 1758 view(s)
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    09-22-2017, 07:14 AM
    It would be a huge change of rule in the middle of the game. People made decisions to buy property as a speculation. A lot of people wouldn't have the cash to pay the taxes. I am, however, strongly in favor of eliminating the special tax treatment home ownership gets. I think selling a home should be taxed at capital gains, like every other asset, and the tax deduction for mortgage interest should be eliminated. Those are things people should not have expected to be permanent. A better option to eliminate waste that might be politically possible, is to combine a sales tax with a flat tax.
    27 replies | 309 view(s)
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    09-21-2017, 05:10 PM
    That's really not true though. The currency is only devalued if money enters the system to bid up goods. Here is a very good explanation from the most well respected gold standard economist. This guy has been successful in the real world too. He has been closely tied with the most successful currency and commodities trading firm. He offers an explanation that should agreeable to your views. https://www.forbes.com/sites/stevehanke/2017/05/31/how-bank-regulations-hinder-the-u-s-recovery/3/#37a0e20b4953
    81 replies | 953 view(s)
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    09-20-2017, 04:05 PM
    He's not a good person to listen to on the debt or monetary policy. He's nails on a chalkboard. He is chronically bearish. I do point out the structural problems that states and the federal government have with entitlements all the time. For example . Yesterday. http://www.ronpaulforums.com/showthread.php?515033-The-Highest-Income-Earners-Pay-all-State-Income-Taxes That doesn't mean that standards of living are just going to drop. Things will be better 20 years from now than they are today.
    19 replies | 225 view(s)
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    09-20-2017, 02:43 PM
    Unfortunately, you don't even need to assume that. The United States is so wealthy, welfare alone pays more than the median income of Mexico. Welfare payments alone make someone one of highest earners on the planet. https://www.forbes.com/sites/timworstall/2015/05/04/the-average-us-welfare-payment-puts-you-in-the-top-20-of-all-income-earners/#148193ca316f If you add in things like housing, Medicaid and you have multiple kids a person gets a lot more. 1 in 5 welfare recipients gets $35k between dollars and benefits. https://www.washingtonpost.com/news/fact-checker/wp/2014/12/05/grothman-single-parents-welfare/?utm_term=.08b4bd767d8c A person who earns 30k is in the top 1% of wage earners in the world. http://www.dailymail.co.uk/news/article-2082385/We-1--You-need-34k-income-global-elite--half-worlds-richest-live-U-S.html Countries with market economies and a stable rule of law, even with a generous welfare state, are very productive 100% of the time. No exceptions. Countries that embrace nationalized industries or have leaders that steal businesses and property are poor.
    19 replies | 225 view(s)
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    09-19-2017, 10:16 AM
    VERI worth investing on the short side at 50.
    14 replies | 967 view(s)
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    09-18-2017, 06:08 PM
    Anarchy would lead to a similar amount of freedom people had in the Soviet Union, which is to say no freedom. The government is like a sports league. You need somebody to set up the playing field and rules and someone to enforce the rules. Once that is taken care of, then people are free to do as they please as long as they operate within the playing field. The United States is wealthy because we have a fairly strong rule of law and enforced fairly (at least in the context of world history). Predictable rules and institutions creates trust among strangers which lowers the cost of doing business. Anarchy would lead to jungle rule where trust declines and brains are replaced by who is strongest physically. People bitch about this country but 2017 in the United States is still the best time and place to be alive in world history.
    86 replies | 1181 view(s)
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    09-18-2017, 02:52 PM
    It's amusing to me that if one person leaves a state it blows a hole in the state's budget. And yet, they will continue to talk about fair share. California has a small group of super rich people in Silicon Valley that pay a huge percentage of the taxes. If you get a slow down in that industry and the stock market drops far enough where they won't collect capital gains taxes for a few years, the state is screwed. The economy is doing well right now and are still have huge problems. The stock market has boomed and their pensions are underfunded by infinity.
    7 replies | 260 view(s)
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    09-17-2017, 11:25 AM
    The next time the stock market corrects 20-50%, the loss of capital gains revenue is going to really show how bad of shape blue states are in fiscally. It is interesting reading about Democratic lawmakers offer special tax breaks to the highest income earners so that they won't leave their states. https://www.nytimes.com/2016/05/01/business/one-top-taxpayer-moved-and-new-jersey-shuddered.html?mcubz=1 California has the highest poverty rate in the nation when you account for cost of living. They have huge structural problems but are worried about global warming and allowing the homeless to defecate in the streets. http://www.investors.com/news/economy/california-still-dreaming-but-wholl-pay-for-it-all
    7 replies | 260 view(s)
  • Krugminator2's Avatar
    09-16-2017, 09:28 PM
    How insane is it that killing a police dog that is killing you sends you to prison. Yet police can shoot a dog for almost no reason. Apparently it is almost impossible to sue if you suffer injuries, even if you are wrongly attacked. It is also amazing that police can so easily lie about what happened and what provoked the attack. https://www.thesun.co.uk/news/4464088/traveller-attacked-police-dog-video-birmingham/ http://nypost.com/2015/04/11/police-dog-attacks-suspect-in-new-jersey-man-dies-shortly-after/ http://www.slate.com/blogs/the_slatest/2017/03/10/appeals_court_rules_homeless_man_cannot_sue_cop_who_let_police_dog_maul.html
    6 replies | 150 view(s)
  • Krugminator2's Avatar
    09-16-2017, 02:10 PM
    What is the joke behind that? Why do you have a Che avatar? Obviously Che is the worst of the worst.
    27 replies | 614 view(s)
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    09-15-2017, 07:07 PM
    "Hurricane Irma May Make Orange Juice Unaffordable and Destroy Your Grocery Bill" Ummm... These articles are why no one should read financial media. I mean. Orange juice is 33% lower today, after the hurricane, than it was 9 months ago. Were people just starving last November because of high orange juice prices? Orange juice is 9 dollars higher after it dropped 90 dollars.
    22 replies | 342 view(s)
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    09-13-2017, 04:17 PM
    I am big fan of keto. I have been doing it for the last few months combined with intermittent fasting. A 600 calorie diet (no matter what you eat) is basically fasting and it going to have a similar effect as a low carb diet. You are going to be burning fat for fuel most of the time instead of burning through glucose. Fasting and a low carb diet are basically two sides of the same coin. I am usually skeptical of random doctors making claims but this book is amazing. https://www.amazon.com/dp/B01C6D0LCK/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
    11 replies | 296 view(s)
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    09-13-2017, 02:08 PM
    The tax cuts and shrinking government of the 1920's worked. They were the Roaring 20's. The credit build up of the late 1920's is not what caused to the Great Depression. We didn't have a Great Depression in 1987 or 2000 or even 2008. Loose monetary policy at the end of the 20's and then extremely tight policy were the main causes. It was completely avoidable. The money supply contracted by a third, so that made it impossible for a lot of people to service debts. Hoover had very similar policies to FDR. He raised taxes, doubled spending in real terms, and enacted Smoot Hawley Tariff. He did massive public works projects. What do you think the HOOVER DAM was? FDR's campaign in 1932 actually ran against Hoover being a socialist and called him a socialist on numerous occasions. The unemployment rate was 19% in 1938. That doesn't sound like success to me. That was 8 years after the start of the Depression. The New Deal was a massive failure. The Depression started in 1930. Unemployment isn't permanently high.
    11 replies | 302 view(s)
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    09-12-2017, 05:46 PM
    It isn't as blatantly obvious as people are making it out to be. http://openinsider.com/search?q=efx I wouldn't be surprised if the breech factored into their decision but I don't see anyway it could be proven. 3 people sold shares and all three had been selling previously. The CFO sold 14,000 shares in May then 6500 three days after the breech was discovered. Usually there are set windows for people to sell. 3 people had sold on the same date in August but 6 had sold on the same day in March. One of those people has been exercising options frequently going back to 2014. I count 5 insider sales from the third person.
    30 replies | 954 view(s)
  • Krugminator2's Avatar
    09-11-2017, 09:57 PM
    The programs of the New Deal are not only all still in existence but have been greatly expanded upon. At the height of the New Deal the Federal government not only spent MUCH MUCH MUCH less per person in inflation adjusted dollars, they also spent 60% less as a share of an already depressed GDP in the Depression. The federal gov't spent 10% of GDP compared to the low 20's today. Government has grown dramatically. The United States is closer to socialism than capitalism at this point. A good starting point would be to cut government by 30% immediately and then figure out how to cut more after that.
    8 replies | 486 view(s)
  • Krugminator2's Avatar
    09-09-2017, 11:22 PM
    If that were true, Warren Buffett wouldn't have a job.
    57 replies | 998 view(s)
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    09-09-2017, 09:29 PM
    I think Trump's presence, and a part of that is height, is a big reason he is President. A 5'6" Trump would be thought of as Joe Pesci. As far as Rand, radical libertarians are not going to win, but neither is somone who is 5'7". I don't think the income differences are a market failure. I see it as 80% responding to market preferences and 20% as market inefficiency to exploit.
    57 replies | 998 view(s)
  • Krugminator2's Avatar
    09-09-2017, 07:39 PM
    As a 5'7" male, I'll take up the banner. Markets are irrational about a lot of things. I would not be surprised if someone did an empirical test of business leaders and showed a systematic mispricing of shorter people that could be exploited. In fact, it is almost a certainty. A black woman has a higher average income than a very short man. That can't be because of IQ differences. I think higher paying sales and management jobs skew toward tall people. Part of the reason Jack Welch is so memorable is because of height. Executives and scouts in baseball for a century had all sorts of misconceptions about what made a good player. Until Billy Beane, GMs systematically mispriced players based on things like a "bad body". I played college golf and ended up in a good spot. But I think being shorter kicked me down a few notches in recruiting relative to how I looked on paper and I think some people I competed against were elevated because they had the right look. I think people in business overvalue superficial things like height, looks and personality and undervalue principles and having a laser focus of a business. Rand Paul probably could not be President just on his height alone. Milton Friedman was 5'2". It is insane that a brilliant person, who was also a great salesman and communicator, could never President because of something as irrational as height. All of that said, I doubt the mispricing is really a major mispricing. I think it is mostly responding to consumer preferences.
    57 replies | 998 view(s)
  • Krugminator2's Avatar
    09-08-2017, 03:24 PM
    Believe it or not: Karl Marx is making a comebackIt's true. The "Communist Manifesto" co-author has gotten a second life — and he has some advice for progressives http://www.salon.com/2014/06/22/believe_it_or_not_karl_marx_is_making_a_comeback/ "These days, the American dream is more apt to be realized in South America, in places such as Ecuador, Venezuela and Argentina, where incomes are actually more equal today than they are in the land of Horatio Alger. Who's the banana republic now?" Bernie Sanders in 2011 https://www.sanders.senate.gov/newsroom/must-read/close-the-gaps-disparities-that-threaten-america It is funny that non-existent Nazis are all the media talks about but a guy who praises the Communist Sandanistas in Nicarauga and gushed over Cuba, wins 23 states and is seen as perfectly normal.
    19 replies | 2555 view(s)
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    09-07-2017, 10:16 PM
    Probably worth buying Symantec for a pop. They are the parent company of Lifelock.
    30 replies | 954 view(s)
  • Krugminator2's Avatar
    09-07-2017, 07:07 PM
    I never thought I would enjoy something more than watching the hippies get water cannoned protesting that Dakota Pipeline. Watching people drive through protesters tops it though. These are great. All completely legal. You have the right to defend yourself against a mob.
    483 replies | 12432 view(s)
  • Krugminator2's Avatar
    09-06-2017, 05:27 PM
    I would say it is morally justifiable if it makes the country freer. If I lived in Mexico I would welcome the United States taking the country over. Once it is understood to be moral, I think it becomes a cost/benefit analysis. edit: What is funny is I just skimmed the answers and didn't read the original post and it says almost the exact same thing I just said.
    40 replies | 800 view(s)
  • Krugminator2's Avatar
    09-05-2017, 05:09 PM
    https://www.nbcnews.com/health/cancer/debt-bankruptcy-are-rewards-cancer-survivors-n490896 "One third of working-age cancer survivors go into debt, and 3 percent file for bankruptcy, according to a new study." 3% of people not on Medicare file bankruptcy from cancer and I would assume most of those people are uninsured.
    43 replies | 1039 view(s)
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