• Krugminator2's Avatar
    Yesterday, 11:38 PM
    LSU obviously has a case for number one based on resume. But OSU has three guys who will finish high in Heisman voting. OSU is one of the best college ever assembled. Doesn't mean they will win. But LSU doesn't much defense. Hard for a fair minded person to say they are better.
    329 replies | 6731 view(s)
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    Yesterday, 11:15 AM
    I could name dozen regulations off the top of my head that exist only so government can impose a burden on people with little benefit.. The only regulations that make sense are where you don't have clear property rights where someone can't easily be sued if they impose a cost. Environmental regulations are an example. No one owns the air. If someone pollutes chemicals it can be hard to prove someone is harmed on the individual level even if you know in aggregate people die. You probably need some minimal regulation in banking because people abuse leverage and have a taxpayer backstop with the Federal Reserve and deposit insurance. Those are the only examples I can think of. Regulating taxis would answer your first question. Cities restrict licenses which makes them worth hundred of thousands in big cities. They serve no purpose other than to limit competition. It costs $600k to get a license in Boston. Who is helped by that other than the monopolists who lobbied for it? Uber demonstrates you can get a cheaper, non-piss smelling ride without government. https://en.wikipedia.org/wiki/Taxi_medallion Drug laws whether for legal or illegal drugs. Tufts university estimates it costs $2.6 billion to get a drug through the FDA regulatory process. https://www.policymed.com/2014/12/a-tough-road-cost-to-develop-one-new-drug-is-26-billion-approval-rate-for-drugs-entering-clinical-de.html This causes huge costs which limits access to drugs and it also keeps good drugs off the market for longer than necessary. If a cholesterol drug saves 2000 lives a year but takes five more years to approve because of regulation, that means the government just killed 10,000 people. https://www.forbes.com/forbes/2011/0214/opinions-steve-forbes-fact-comment-fda-may-kill-millions.html#6ac5629a1bbc
    17 replies | 1027 view(s)
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    12-05-2019, 01:18 PM
    So you think a lot of people are furious about doubling their money? A lot of mergers are a disaster and destroy value. Many create value. Charles Koch has built Koch Industries on successful mergers. He has created hundreds of billions of value to society as a result. But it wasn't a pump and dump. The stock rose and stayed high. The service he provided was a better allocation of resources for the owners of Cabela's and presumably society because trade is win-win.
    54 replies | 741 view(s)
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    12-05-2019, 12:48 PM
    Right. That is why guys like Singer and corporate raiders or shareholder activists are so important. They provide a voice that otherwise doesn't exist with spread out shareholders and impose a discipline on business. Gekko very astute. See last point. I don't know anything about this situation. But often companies don't get bought out because that means redundant employees (namely management) get fired. You don't need two CEOs, two CFOs, etc. Boards are often just management cronies. People like to protect their jobs even if it is bad for the company.
    54 replies | 741 view(s)
  • Krugminator2's Avatar
    12-05-2019, 07:47 AM
    Have never heard of him until now but he looks like a pretty smart guy and someone who should be celebrated. Would make sense if previously expressed interest in buying Cabela's and had some reason for not doing. Not sure how Singer was necessary to make the process move along but maybe. If things buying his major competition is the right thing, then good for him. I didn't want to combine multiple posts like this post. More a general statement of the sentiment of this thread. That said, I would take slum lord as a compliment. I lived an apartment for a long time run by a slum lord. Paint completely peeled off the bathroom wall, ratty carpet, refrigerator that didn't work, linoleum that peeled up. Super cheap rent. $400/mo in a higher cost area. Was great for me at that point in my life. Slum lords and corporate raiders are heroes as Walter Block might say. https://www.psychologytoday.com/us/blog/defending-the-undefendable/201009/defending-the-slumlord
    54 replies | 741 view(s)
  • Krugminator2's Avatar
    12-04-2019, 09:45 PM
    Wasn't tough. A quick Google search shows that there has only been one hedge fund bailout in history and that wasn't even a real bailout because investors in it lost basically everything. I don't even know how a hedge fund would get a subsidy. Very weird the hatred finance gets. I remember Ron Paul commending Mitt Romney's background. I guess this really is Pat Buchanan/Dotard Forums now.
    54 replies | 741 view(s)
  • Krugminator2's Avatar
    12-04-2019, 09:25 PM
    Number of bailouts taken by hedge fund managers in the last twenty years: Zero Amount of money Paul Singer has made from government bailouts: $0
    54 replies | 741 view(s)
  • Krugminator2's Avatar
    12-04-2019, 09:21 PM
    Vulture capitalism isn't something that exists. It's a Bernie Sanders word. And Singer was involved in a mutually beneficial transaction. Bass Pro Shop made an offer for the company. The board of directors of Cabela's accepted.
    54 replies | 741 view(s)
  • Krugminator2's Avatar
    12-04-2019, 09:12 PM
    Sorry. I thought this was libertarian forum. Perhaps I mistakenly believed property rights and voluntary transactions were a core part of that.
    54 replies | 741 view(s)
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    12-04-2019, 09:05 PM
    He can't force people to do anything.I don't know a ton about him. But I did read a biography on Carl Icahn. He looks for depressed companies. Buys a big stake. Gets on the board. And works to get other like minded people on the board through shareholder wide votes. And through that makes the changes necessary. It might be cutting costs, firing management, or looking for a competitor to sell the business to at a premium. I really don't know why that could be construed as bad. Management and employees might not like but there is a reason the business is undervalued. Guys like Singer and Icahn force business to be more efficient which ultimately makes society better off.
    54 replies | 741 view(s)
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    12-04-2019, 08:52 PM
    But if you own a big share of the business like Paul Singer, you get a big say. He bought it at $38 and the company sold for $60. Hard to see anything wrong with that. And if someone starts a business and wants to control it, they don't need list it publicly and sell off most of their shares, now do they?
    54 replies | 741 view(s)
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    12-04-2019, 08:40 PM
    I tend believe markets and property rights work very well. A business' sole reason for existing is to make money for the people who own it. Shareholders own the company. What's more interesting to me is how you think dog licenses and vouchers are tyranny but people who own property and want to increase its value are doing something wrong.
    54 replies | 741 view(s)
  • Krugminator2's Avatar
    12-04-2019, 01:56 PM
    Tucker is just a politically incorrect Elizabeth Warren. This is fact-free economic illiteracy. My takeaway is Tucker wants to prop up failing companies and have employees and management loot the company dry until bankruptcy leaving shareholders with nothing and he doesn't want people to lend distressed countries and companies money. And he is apparently against people making money by creating efficiencies if it means employees are fired or have to move. What a retard. Embracing this garbage is the worst thing that could happen to the right. The socialist-protectionist-racialist right is not what is going to make America great. I honestly for the life of me don't understand what these people are bitching about. You have a company that is undervalued. Guy takes stake in company to get it sold for more than it is currently worth. Company gets sold. Guy makes a lot of money by making a correct bet. The company making the purchase moves the headquarters to a new location from Nebraska. Okay? Seems like this is how things are supposed to work. https://www.msn.com/en-us/news/us/the-death-of-sidney-nebraska-how-a-hedge-fund-destroyed-a-good-american-town/ar-BBXIPKI "Employees at Cabela’s/Bass Pro who do not relocate to Springfield will be offered severance and outplacement support." http://sandhillsexpress.com/state-news/this-is-extremely-sickening-bass-pro-cabelas-eliminating-118-more-jobs-in-sidney/
    54 replies | 741 view(s)
  • Krugminator2's Avatar
    12-03-2019, 07:02 PM
    Kind of remarkable that Umich lost three guys to the NBA and have a bunch of no names and have gotten off to this good of start with a first time head coach.
    19 replies | 200 view(s)
  • Krugminator2's Avatar
    12-01-2019, 07:39 PM
    Clicked on your crackpot site link. Took one look. Not reading anything on it. Do better. Don't care even a little bit about where the CDC gets money. Googled "unavoidably unsafe" and that case and apparently that is what nutters interpreted that ruling as.
    128 replies | 1661 view(s)
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    12-01-2019, 07:30 PM
    Is licensed. Here is he is performing surgery October 2nd, 2019. https://spectrumnews1.com/ky/lexington/news/2019/10/02/senator-rand-paul-does-eye-surgery-pro-bono- Board certification is not a license. And he passed board certification first try and would have zero trouble passing again. He never had any issue with that. He formed a competing board so he got smeared for that. I am pointing out he a doctor who went through medical school. The onus is not on me to prove the safety and efficacy of vaccines.
    128 replies | 1661 view(s)
  • Krugminator2's Avatar
    12-01-2019, 06:58 PM
    If you could point out a contradiction that would be great. And Rand Paul is a licensed medical doctor. Who are you? Rachel Maddow? He still practices pro bono. Also Duke Med School grad. Where did you attend? Johns Hopkins? Harvard? Also still waiting on that reputable site that says vaccines are dangerous and there is a good reason not to vaccinate. Just one site would do.
    128 replies | 1661 view(s)
  • Krugminator2's Avatar
    12-01-2019, 06:47 PM
    No contradiction. 86% are for mandatory vaccination. A significant percentage of that remaining 14% like Rand Paul would say vaccines are safe and parents should be strongly encouraged but not required to vaccinate. I can't find the exact percentage of doctors and researchers who say they are dangerous. I am guessing pretty low. I can't find ANY reputable site that says they are dangerous. Whereas the Mayo Clinic, AMA, Stanford, CDC all say they are safe. If you could point to a reputable place that says parents shouldn't vaccinate that would be great.
    128 replies | 1661 view(s)
  • Krugminator2's Avatar
    12-01-2019, 06:45 PM
    I think so. The government's role would just be writing a check not the administration of education. I don't see a very good alternative. In theory, I would be for just eliminating any government role in education. But in practice, I realize many kids have negligent parents. Education is the only way those kids will have any chance in life. So I am for a voucher system.
    128 replies | 1661 view(s)
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  • Krugminator2's Avatar
    12-01-2019, 06:35 PM
    That's kind of the problem with government schools in the first place. It is one more reason to expand vouchers. Not a reason to give into people with fringe views.
    128 replies | 1661 view(s)
  • Krugminator2's Avatar
    12-01-2019, 06:28 PM
    86% of doctors support mandatory MMR vaccination (which I do not). https://www.pewresearch.org/science/2015/01/29/public-and-scientists-views-on-science-and-society/#_Chapter_3:_Attitudes Given that you don't have an understanding of mandatory and voluntary, you should spend some more time exploring libertarian ideas. Public school is optional. No one is forced to go.
    128 replies | 1661 view(s)
  • Krugminator2's Avatar
    12-01-2019, 04:23 PM
    Why? It is what reasonable be do. Medicine is a specialized topic. There is no reason for me to have a strong knowledge of it. I tend to listen to people like the American Medical Association and not messageboard posters. https://www.ama-assn.org/about/leadership/physicians-agree-vaccination-crucial-public-health
    128 replies | 1661 view(s)
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    12-01-2019, 04:14 PM
    Yes. Walter Block, Communist
    128 replies | 1661 view(s)
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    12-01-2019, 04:12 PM
    Which is why the first sentence I wrote "I have no idea if this is needed or not but that isn't forced vaccination." I am inclined to think HPV isn't necessary. But measles and polio? I think those meet the threshold. And the undercurrent of these threads is always some variation of vaccines are dangerous and a plot by pharmaceutical companies in conjunction with the government to give children autism.
    128 replies | 1661 view(s)
  • Krugminator2's Avatar
    12-01-2019, 04:06 PM
    I know nothing about HPV or the vaccine. I am talking about vaccines in general. I listen to people who are experts. On one side you have Alex Jones, Jenny McCarthy and a maybe a fringe doctor or two. On the other side you have 99.8% of doctors and medical researchers. I tend to just listen to what experts say unless there is a compelling reason not to.
    128 replies | 1661 view(s)
  • Krugminator2's Avatar
    12-01-2019, 02:24 PM
    My position is the libertarian position. That's why I cited Walter Block. Libertarian != anti-science dimwit
    128 replies | 1661 view(s)
  • Krugminator2's Avatar
    12-01-2019, 01:41 PM
    So? I am for that. Walter Block on forced vaccination. https://www.lewrockwell.com/2013/02/walter-e-block/forced-vaccinations/ "Ah but suppose the Typhoid Mary refuses to be vaccinated; I argue she must be compelled to do so. Also, it is possible that the vaccination will not work for all possible victims. Suppose they are too sick to be vaccinated. I think it is the responsibility of the disease carrier to stop infecting other people, not the responsibility of possible victims to protect themselves. " "I agree with you. If the disease carrier quarantines herself to her own property, we may not force her to become inoculated. But this would have to be a very serious quarantine. Typhoid Mary would not only have to stay on her own property; she would have to insure that the disease cannot be carried by air to others. Practically speaking, she could make no such guarantee. So, I think that strict adherence to the NAP would justify compelling her to stop what is in effect her aggression."
    128 replies | 1661 view(s)
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    12-01-2019, 01:20 PM
    I have no idea if this is needed or not but that isn't forced vaccination. This is voluntary. You have the option to not attend government school. As far as other vaccines, those should absolutely be required to attend school. If people don't like it, home school.
    128 replies | 1661 view(s)
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    11-30-2019, 08:21 PM
    The Friedman rule is a monetary policy rule proposed by Milton Friedman. Essentially, Friedman advocated setting the nominal interest rate at zero. According to the logic of the Friedman rule, the opportunity cost of holding money faced by private agents should equal the social cost of creating additional fiat money. It is assumed that the marginal cost of creating additional money is zero (or approximated by zero). Therefore, nominal rates of interest should be zero. In practice, this means that the central bank should seek a rate of deflation equal to the real interest rate on government bonds and other safe assets, to make the nominal interest rate zero. The result of this policy is that those who hold money do not suffer any loss in the value of that money due to inflation. The rule is motivated by long-run efficiency considerations. https://en.wikipedia.org/wiki/Friedman_rule Doesn't seem like he was a big inflation advocate to me.
    7 replies | 823 view(s)
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