• Krugminator2's Avatar
    Yesterday, 08:48 PM
    I saw the full quote recently for the first time and I liked it. Materially America has never been better but I think the culture is really rotting fast. And the worst part is there is a long ways to fall culturally. There is still some culture of individualism but think how unlikely it is for someone under 30 to be an individualist today. These massive bills handing out money are the worst thing to ever happen. Not just because of the dollar cost but their effects. People get self esteem from being productive. And being productive doesn't necessarily mean famous or rich. Doing work no matter what it is is noble. Cutting people checks is like giving people heroin. And now people are hooked.
    3 replies | 211 view(s)
  • Krugminator2's Avatar
    Yesterday, 07:07 AM
    Absolutely amazing Stossel is still going strong.
    3 replies | 211 view(s)
  • Krugminator2's Avatar
    05-05-2021, 04:11 PM
    Gamestop is on right at a major inflection point. If it holds below 155 or so think below 100 is in the cards. Wasn't aware of that Congress is talking about this tomorrow. Will be interesting to see if that moves the stock.
    210 replies | 14581 view(s)
  • Krugminator2's Avatar
    05-04-2021, 06:16 AM
    Maduro is a Communist who served under Chavez. He has no right to life, let alone the right to hold power. The United States can morally do anything it wants to the Venezuelan government. If we are giving aid then attaching strings to oust the government is a good idea. Incentives matter.
    6 replies | 231 view(s)
  • Krugminator2's Avatar
    05-01-2021, 11:20 AM
    I have read the Mises site since the early 2000s. Quite confident they wouldn't agree with the assertions. Think how crazy these statement are.
    25 replies | 2958 view(s)
  • Krugminator2's Avatar
    05-01-2021, 11:06 AM
    Me Your article.
    42 replies | 864 view(s)
  • Krugminator2's Avatar
    04-30-2021, 03:31 PM
    Most people who die of Covid are old. Only 3% of people over 65 smoke marijuana https://www.statista.com/statistics/737849/share-americans-age-group-smokes-marijuana/
    42 replies | 864 view(s)
  • Krugminator2's Avatar
    04-29-2021, 08:04 PM
    They pretty much drive humanity forward in the United States. Immigrants Account for Two-Thirds of US Economic Growth Since 2011, Analysis Finds https://www.newsweek.com/migrants-immigration-1113006 "Nearly Half of All Fortune 500 Companies Were Founded By Immigrants or Their Children, Study Finds" https://www.newsweek.com/immigrant-founded-fortune-500-companies-us-gdp-1450498 Some immigrants:
    37 replies | 1134 view(s)
  • Krugminator2's Avatar
    04-29-2021, 06:57 PM
    So you think the average white male in America is more ambitious and has the same or fewer employment opportunities than immigrants from the Ukraine or Vietnam or South Korea? Okay.
    37 replies | 1134 view(s)
  • Krugminator2's Avatar
    04-29-2021, 06:37 PM
    Pretty sure the people she is talking about have been dead for 150 years. I'll have to live with that anguish. And I'll take my chances of not inbreeding.
    21 replies | 607 view(s)
  • Krugminator2's Avatar
    04-29-2021, 06:27 PM
    Coming to America is an entrepreneurial decision. They also tend to be poorer with fewer opportunities. It makes sense immigrants in general would be more likely to start businesses. People who were born here tend to have more opportunities for employment and tend to be less ambitious so fewer start their own business.
    37 replies | 1134 view(s)
  • Krugminator2's Avatar
    04-29-2021, 06:09 PM
    Why? I don't care even a little bit. The actions of relatives and descendants are not a reflection on me good or bad. If you have children I certainly understand having an interest in their life because you have some influence on how they turn out and it is a reflection on you. But outside of that I have no interest in anyone's history who I have never met or people I see once every few years.
    21 replies | 607 view(s)
  • Krugminator2's Avatar
    04-29-2021, 04:56 PM
    Dying of AIDS or malaria by age 50 in Africa while living on $1500 a year with statistical likelihood of not having indoor plumbing seems like home. /S My mom always sends me shit on old descendants and I don't care. I accept no unearned guilt or accomplishments from people before me. I am however thankful for the founding ideals of America because they are morally superior to anything that has existed in human history. America is meant to be a a collection of individuals free to pursue their own interests not a collection of tribes.
    21 replies | 607 view(s)
  • Krugminator2's Avatar
    04-27-2021, 07:54 PM
    I think it would be good to have people like this guy be the spokesmen for the party moreso than the last few nominees. I think they have a similar appeal to Ayn Rand and Murray Rothbard. Black and white visions are easy to understand. It is why Ron Paul was popular. Nuance doesn't sell. Same thing with the non-aggression principle. Do I agree with non-aggression principle as an absolute? Absolutely not. But if people learned nothing else other than the non-aggression principle, it would make policy much better.
    7 replies | 443 view(s)
  • Krugminator2's Avatar
    04-26-2021, 12:43 PM
    Krugminator2 started a thread IKEA Guy in Open Discussion
    ' Kind of funny mostly because this is how I thought when I worked jobs like this.
    1 replies | 104 view(s)
  • Krugminator2's Avatar
    04-25-2021, 08:48 PM
    Individual investors probably have lost multiples more worrying about inflation than the actual inflation itself. Realistically the best course of action is just to have a 60-40 stock/bond portfolio for anyone reading this. Think about how much money has been lost owning gold. Ron Paul's net worth would probably be quadruple what it is now had he owned equities instead of metals. Real estate historically has done well during inflation but it sure feels like real estate is in a bubble now. That said, I think equities will probably be lower three years from now than they are today. And I have a third of my net worth in Palladium and maybe 5% in VALE which are tied on some level to inflation.
    7 replies | 448 view(s)
  • Krugminator2's Avatar
    04-21-2021, 08:54 PM
    Sorry I misunderstood. So you want the Federal Reserve to pursue an extremely loose policy to get inflation to double digits so you can have double digit mortgage rates. Makes a lot of sense. Smart take.
    20 replies | 1426 view(s)
  • Krugminator2's Avatar
    04-21-2021, 08:16 PM
    You, interest rate central planner, pulled the number 12% out of thin air for some reason. It seems like your statement is pretty clear. 12% because..... Well.... Who knows... You want 12% because there is something magical about it and something about Paul Volcker. I. free marketer, do not care what the rate of interest is. Ever. Because interest rates are not monetary policy. Interest rates are a market response to monetary policy.
    20 replies | 1426 view(s)
  • Krugminator2's Avatar
    04-21-2021, 07:43 PM
    "Instead of relying on Keynesian policies such as interest rate targeting, Volcker had the Fed directly reduce the growth rate of the money supply, and let interest rates go as high as market forces dictated." https://thehill.com/opinion/finance/473963-remembering-paul-volcker-the-man-who-tamed-inflation Exactly. Which is what I advocate. Markets setting interest rates not central planners. You support a Soviet style system where central planners target interest rates.
    20 replies | 1426 view(s)
  • Krugminator2's Avatar
    04-21-2021, 06:33 PM
    They never aren't honors students and they are always just sweet angels. Getting a great government school education. I am sure the girl shot in the middle of stabbing would have gone on to great scientific discoveries had it not been for the racist police.
    86 replies | 3259 view(s)
  • Krugminator2's Avatar
    04-20-2021, 05:55 PM
    Your quote Quote from Volcker's obituary Volcker didn't cause high interest rates. Inflation caused high interest rates. And interest rates fell ultimately because money became tight enough to slow inflation. A 12% CD isn't inherently helping savers. Venezuela has a short term interest rate of 59% right now. The inflation rate is 500%. High interest rates have no direct connection to whether money is loose or tight. That said, it is usually correct to say high interest rates mean policy is extremely inflationary.
    20 replies | 1426 view(s)
  • Krugminator2's Avatar
    04-20-2021, 11:49 AM
    Money is loose now. M2 grew at 28% over the last year. Inflation and higher interest should follow as more people leave their house. Money was extremely tight coming out of 2008 and stayed fairly tight throughout the last 10 years. M2 grew slowly. Rates were not artificially low. If you are going to talk about interest rates like they are a price, rates were artificially high and the zero lower bound acted as a price floor like minimum wages act as a price floor and prevent markets from clearing. https://macromarketmusings.blogspot.com/2015/10/a-plea-to-my-fellow-free-marketers.html That is factually wrong. As far as Paul Volcker, the most commonly known thing about his monetary policy is that he abandoned the Keynesian/MMT idea of focusing on interest rates and focused entirely on the money supply growth. Literally written in his obituary.
    20 replies | 1426 view(s)
  • Krugminator2's Avatar
    04-20-2021, 10:10 AM
    Your view is the MMT view on interest rates. https://en.wikipedia.org/wiki/Modern_Monetary_Theory#Government_bonds_and_interest_rate_maintenance The high interest rates of the of the late 70s were caused by a dramatic increase in the money supply. High interest rates= easy money Low interest rates = tight money Also helpful reading. https://www.econlib.org/library/Columns/y2013/Hummelinterestrates.html
    20 replies | 1426 view(s)
  • Krugminator2's Avatar
    04-18-2021, 03:01 PM
    Most amusing in all this is this kid's mom has a gofundme. Wonder if people who donate to a gang member who shot at someone will get doxxed and shamed like people who donated to Rittenhouse. So donating to bailout rioters in Minneapolis and donating to a gang member is okay. Donating to a guy fighting domestic terrorism is bad. Got it.
    54 replies | 1550 view(s)
  • Krugminator2's Avatar
    04-17-2021, 04:32 PM
    Underpinning everything is the assumption by the media that Democrats are really good people and anything offensive is just misspeaking and Republicans are racists terrorists and any statement is a dog whistle to stormfront and Nazis.
    6 replies | 336 view(s)
  • Krugminator2's Avatar
    04-17-2021, 02:52 PM
    It takes an extreme intellectual openess or just a random accident to being exposed to good ideas for anyone under 30 to believe in freedom and inherent goodness of free enterprise.
    20 replies | 904 view(s)
  • Krugminator2's Avatar
    04-17-2021, 02:48 PM
    Leftists are unhappier in general. It turns out focusing on all the perceived ills in the world and counting other people's money is a recipe for misery. https://www.sciencedirect.com/science/article/abs/pii/S009265661100170X
    20 replies | 904 view(s)
  • Krugminator2's Avatar
    04-17-2021, 12:00 PM
    1. It was an isolated incident. Saying as such implies Shapiro believes the police were in the wrong, as opposed to more common incidents when criminals are justifiable shot by police. 2. His criticism of Obama had nothing to do with Obama being outraged at what happened to Castile. See point 1.
    53 replies | 1589 view(s)
  • Krugminator2's Avatar
    04-17-2021, 11:39 AM
    Umm... there's this quote. Seems pretty clear. "No clue from this tape how the cop wasn't convicted"
    53 replies | 1589 view(s)
  • Krugminator2's Avatar
    04-17-2021, 11:26 AM
    He mentions Castille once and is saying Castille was wrongly killed and was an isolated incident. He is saying the same thing I am.
    53 replies | 1589 view(s)
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