• Krugminator2's Avatar
    Yesterday, 09:05 PM
    Finding the exact quote would be like finding a needle in a haystack. But I did find a variation that makes my point. https://www.desmoinesregister.com/story/news/elections/presidential/caucus/2016/02/03/rand-paul-suspends-presidential-campaign/79746318/ I am not sure why you would think this would be hard to believe. The Daily Paul was run by Mike Nystrom. I think that guy is very representative of Ron's base. That guy is many things. A liberty person, he is not.
    101 replies | 1245 view(s)
  • Krugminator2's Avatar
    Yesterday, 07:20 PM
    Rand's Iowa campaign manager said the biggest surprise as they polled the type of people who voted for Ron Paul was only about 1/3 of Ron's Iowa voters would fall into the libertarian category. Ron got 21% of the Iowa vote. A third of 21% is 7%. Rand got 5%. That is how I came up with the numbers.
    101 replies | 1245 view(s)
  • Krugminator2's Avatar
    Yesterday, 06:36 PM
    Rand has unpalatable views for most Republicans. In order to overcome that Rand would have to be a superb politician like Reagan and have a lot of big supporters. Rand doesn't have that talent. Rand didn't really lose most of the liberty base. Rand had far more big liberty donors than Ron and I think 80%+ of Ron's liberty people supported Rand. Ron's base wasn't a liberty base. Rand lost the crazies and the anti-Semites, which were the majority. I was a John Stossel/Friedman/Walter Williams libertarian since basically high school. I didn't follow politics too closely because I was working about 90 hours a week out of college. But I did hear that Ron Paul was a libertarian. When I Googled his name the first thing that showed up was the Daily Paul. And the first thread I saw was one about whether Peter Schiff could be trusted because he was a Jew. And every thread was crazier than the next. I had nothing in common with what was being posted on the Daily Paul in 2008. Rand lost those people.
    101 replies | 1245 view(s)
  • Krugminator2's Avatar
    Yesterday, 06:11 PM
    Ummmm... Really? It is bizarre thing with Rand. He has taken more stands and more arrows and gets less appreciation for it than any politician I have ever seen. Here is an example. He kept Bolton and Giuliani from getting out of committee. Seems like kind of big deal. At least to me.
    25 replies | 340 view(s)
  • Krugminator2's Avatar
    Yesterday, 05:53 PM
    http://time.com/5251744/rand-paul-mike-pompeo-vote/?utm_campaign=time&utm_source=twitter.com&utm_medium=social&xid=time_socialflow_twitter Time wrote an article about it today as well.
    101 replies | 1245 view(s)
  • Krugminator2's Avatar
    Yesterday, 05:51 PM
    Sure. It is what he does. How many people understand that though? He has done it for 7 years but people still seem befuddled and use it against him. I still see people whining about Sessions, even though voting for Sessions was completely in line with his confirmation philosophy. Pompeo is a little different though. He could have voted against Pompeo and said he is doing it because Pompeo isn't in keeping with Trump's stated foreign policy views. He could have voted for Pompeo because Trump gets to pick his cabinet and Pompeo is working on the North Korea denuclearization. Both would have fine decisions. But he said he would do everything possible to stop Pompeo yet he then changed his mind. He got some concessions and strengthened his relationship with Trump. It might have even had an influence on Trump as a reminder on foreign policy. I am sure it makes sense in his mind. It just looks horrible though.
    101 replies | 1245 view(s)
  • Krugminator2's Avatar
    Yesterday, 05:29 PM
    How do you think Rand got on the Foreign Relations Committee? Do you think most Republican Senators are happy that Rand is able to throw a wrench in the process? Do you think it was just a random oversight that Rand got on the most powerful committee, despite having foreign policy views that are abhorrent to most of the other Republican Senators? http://time.com/5251744/rand-paul-mike-pompeo-vote/?utm_campaign=time&utm_source=twitter.com&utm_medium=social&xid=time_socialflow_twitter
    25 replies | 340 view(s)
  • Krugminator2's Avatar
    Yesterday, 05:11 PM
    How would cryptocurrencies hurt Goldman Sachs' business? And what is wrong with what the analyst said and why is what he said so offensive that it should mean Goldman Sachs should be out of business? Seems like the kind of thing that is conventional wisdom.
    7 replies | 139 view(s)
  • Krugminator2's Avatar
    04-23-2018, 08:55 PM
    Actually, Ron was still in the race but he had zero mathematical chance of winning. It one of the more brain-dead criticisms though. When you win zero states, they typically don't give you the Presidency.
    101 replies | 1245 view(s)
  • Krugminator2's Avatar
    04-23-2018, 08:11 PM
    Voting yes is very reasonable. Being this vocally no and then changing your mind to pressure is not reasonable. The vote itself is not the problem. There are a lot of issues that are very insignificant where subhuman morons on here complain about Rand. The list of minor grievances is long and the IQs of the complainers are very low. The problem with this vote is he didn't properly set expectations and it leaves everyone unhappy with Rand. It is a needless error that Rand makes some variation of more that he should.
    34 replies | 585 view(s)
  • Krugminator2's Avatar
    04-23-2018, 05:42 PM
    Krugminator2 replied to a thread Stocks: Market Crash Looming in Economy & Markets
    I eat steak 3 days or more a week. I have never bought a steak for $15 at the grocery store. I have paid anywhere between $6-$9 at Wal-Mart for roughly a pound of ribeye. No jar of olives is 5 bucks. I don't eat olives but I do eat mushrooms. A jar of mushrooms is like a $1.50 and olives are right next to mushrooms. I highly doubt they are that much more.
    3060 replies | 376800 view(s)
  • Krugminator2's Avatar
    04-23-2018, 05:32 PM
    He either should have been a yes with an explanation or held to a no. This just isn't a good way to do things.
    34 replies | 585 view(s)
  • Krugminator2's Avatar
    04-23-2018, 12:12 PM
    Government has negatively impacted living standards, but it has only slowed growth. The average person today lives multiples better than a person in the 1950s. The average high school grad makes 37k/yr today. https://www.bls.gov/opub/ted/2017/high-school-graduates-who-work-full-time-had-median-weekly-earnings-of-718-in-second-quarter.htm The average income for all workers in the 1955 was 4k. We'll take 4k from 1955 and adjust for inflation and interestingly it comes out to be $37k in today's dollars. So yes. I think a high school grad can a raise a family just the same as someone in the 1950s. https://www.bls.gov/data/inflation_calculator.htm
    159 replies | 1497 view(s)
  • Krugminator2's Avatar
    04-23-2018, 10:58 AM
    For one thing, the entire world was decimated at that time. Japan and Europe were destroyed and that was when China was a closed economy. That opened the door for the US to make things at uncompetitive prices. More importantly, that family from the 50's can still do the same thing today. The kicker is they have to live like the 50's. Most houses built in the 50's were super small. Just look at any neighborhood with old houses. The average house from that time wouldn't be considered very nice compared to the average new house by today's standards. If you eliminated cell phone, internet, cable had one vehicle, and only had access to 1950s health care you could raise a family on a high school income if you don't live in an expensive area.
    159 replies | 1497 view(s)
  • Krugminator2's Avatar
    04-22-2018, 07:50 PM
    Actually, it is literally the only thing that matters. If something does not work with a high likelihood then the idea should be completely discarded. I only have one life. I only care about maximizing my life. Pursuing things that cannot happen in reality would take away from my one life. What if you think anarchy is evil? You are paraphrasing Ayn Rand, yet she thought anarchists were morally bankrupt. Ayn Rand thought anarchists were worse than Marxists.
    10 replies | 399 view(s)
  • Krugminator2's Avatar
    04-21-2018, 05:20 PM
    Also of note, Nancy Reagan hated Barbara Bush. I didn't realize there was a whole backstory about Reagan not liking Bush and barely endorsing him. Reagan basically OK'd a primary challenge from Buchanan. http://www.newsweek.com/reagan-and-bush-call-it-snub-196034
    32 replies | 500 view(s)
  • Krugminator2's Avatar
    04-19-2018, 07:30 PM
    Krugminator2 replied to a thread Stocks: Market Crash Looming in Economy & Markets
    That's fundamental data not technical. You could be right. I just posted that because I saw it 3 minutes before I saw your post. This is obviously a much different situation than anytime when that data was compiled.
    3060 replies | 376800 view(s)
  • Krugminator2's Avatar
    04-19-2018, 05:34 PM
    Interesting. http://thehill.com/blogs/floor-action/senate/384047-rand-paul-under-pressure-as-pompeo-hunts-for-votes
    60 replies | 2687 view(s)
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  • Krugminator2's Avatar
    04-19-2018, 05:06 PM
    Special guest Lou Holtz on Liberty Report to talk about Syria.
    7 replies | 368 view(s)
  • Krugminator2's Avatar
    04-19-2018, 04:31 PM
    We live in the future. We can look back and see what happened. The second longest expansion in history happened under Reagan. The Clinton years were basically a continuation of Reagan. You had a 20 year surge in prosperity. Maybe wealth inequality was lower the 20 years prior to Reagan. Multi decade stagnation with a breakeven stock market will do that. Why is finance unproductive? Why is growing wealth with speculation bad? Why is marketing bad? Why is representing the wealthy's interests bad? Those all seem like good things to me. The last thing is the Piketty argument that wealth inequality is bad because wealthy will have more influence with the government. Sounds good to me. The average wealthy person is far more fiscally conservative than the average voter. I'm glad Charles Koch and his organization has outsized influence. Better him than the average moron watching the Kardashians. Even George Soros is much more sane the average than the average liberal.
    8 replies | 232 view(s)
  • Krugminator2's Avatar
    04-19-2018, 03:18 PM
    Krugminator2 replied to a thread Stocks: Market Crash Looming in Economy & Markets
    987061015140450309 FWIW
    3060 replies | 376800 view(s)
  • Krugminator2's Avatar
    04-19-2018, 12:32 PM
    Most charts don't show that let alone every chart. It started in the early to mid 70s. You could just easily say it started in the 1990s. You only say it started in the early 80s because of your anti-capitalist bias. And why is a shrinking middle class a bad thing? It isn't shrinking because low income earners are earning less. It is shrinking because there are more people who are high income earners.
    8 replies | 232 view(s)
  • Krugminator2's Avatar
    04-19-2018, 12:01 PM
    This seems like a pretty big deal. Trump was leaning on him in the press. I was hoping he would stay a no but thought there was a decent chance he would use the North Korea talks as an out. 987023774976561152
    60 replies | 2687 view(s)
  • Krugminator2's Avatar
    04-19-2018, 09:40 AM
    Trickle down is a made up term that has nothing to do with the ideas they presented to cut taxes. Trickle down never existed. The top marginal tax rate was 70% when Reagan made the major tax cut. How does cutting the top rate hurt the middle class?
    8 replies | 232 view(s)
  • Krugminator2's Avatar
    04-18-2018, 04:42 PM
    The way a liberty candidate would win is if they have some other overriding popularity and charisma. Reagan (setting aside what people here will say about him) was the most ideologically conservative in a long long time to win. The average person who voted for him did so in spite of that. They voted because he was a smiley face. I can't think of any libertarian who could overcome the ideological problems a libertarian will face. Maybe Vince Vaughn?
    55 replies | 820 view(s)
  • Krugminator2's Avatar
    04-18-2018, 04:32 PM
    I think Rand is a clear no on running in any future Presidential election. Even though he was the best liberty candidate in history, this past election shows there isn't a market for what he is selling and he has just a few too many gaps in his presentation. My gut instinct is Amash will run on the LP at some point though. Maybe Rand runs LP down the road. More interesting is if he votes no on Pompeo. Voting no will be a huge deal. If he votes no, I wouldn't be surprised if he is at least considering not running again for Senate
    55 replies | 820 view(s)
  • Krugminator2's Avatar
    04-18-2018, 06:54 AM
    What you linked to with Lehman has nothing to do with the uptick rule. They quoted a Senator talking about the uptick rule and blaming it on naked shorting, but he of course is an idiot. It has to do with Reg Sho, which wasn't as firmly enforced as it should have been. The rules are insanely enforced on shorting now. It makes sense that a lot of shares would fail to deliver and that number would be up substantially. Lehman stock was extremely hard to borrow because everyone in the world wanted to be short Lehman. It was a king zero. Lehman was was leveraged 50-1. A 2% move in equity was enough to wipe them out.
    73 replies | 1356 view(s)
  • Krugminator2's Avatar
    04-17-2018, 08:46 PM
    Fiscal policy in practice has almost no effect. If you run a budget surplus that reduces demand and lowers inflation then monetary policy will just be used to offset it. http://econlog.econlib.org/archives/2016/08/monetary_offset_1.html
    73 replies | 1356 view(s)
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