Bonus Quotation of the Day…

… is from page 10 of the late Harvard historian Richard Pipes’s marvelous 1999 volume, Property and Freedom: But men who take pride in their pragmatism often follow trails cleared by idealists. Comments Original Article

Pandemic Year Total Returns

Total Return Major Global Assets from February 21, 2020 to February 23, 2021 Source: Deutsche Bank Before this pullback began, the market had experienced an epic 12 months. It dates back to late February 2020, when the markets began to roll over as they sniffed […]

Can economists be trusted?

For the most part, economists don’t give people advice on how to run their lives. Rather we tend to focus on explaining the behavior of consumers and businesses, usually assuming they are at least somewhat rational. One exception is when there is a “principal-agent problem”, […]

Postscript: Orwell for Socialism

[Scroll to the end for a couple final reactions to comments .] In a reflective moment, George Orwell wrote, “Every line of serious work that I have written since 1936 has been written, directly or indirectly, against totalitarianism and for democratic socialism, as I understand […]

Weak Jobs Data, Stocks and Gold

Weak Jobs Data, Stocks, and Gold Stocks gave up some of Monday‘s strong gains, but I find it little concerning in the sub-3,900 pre-breakout meandering. It‘s about time, and a play on the tech sector to participate meaningfully in the coming rally (or at least […]

Several tips for creating personal financial calendar easily

Several tips for creating personal financial calendar easily Managing finances isn’t as easy as it sounds. There are many unplanned expenses along with expected ones. While it’s relatively easy to estimate how much you would need for taxes and bills and such, there are always […]

Platform Self-Preferencing Can Be Good for Consumers and Even Competitors

Critics of big tech companies like Google and Amazon are increasingly focused on the supposed evils of “self-preferencing.” This refers to when digital platforms like Amazon Marketplace or Google Search, which connect competing services with potential customers or users, also offer (and sometimes prioritize) their […]

Bitcoin Surpassed $50,000 and Crypto Regulations

Bitcoin Surpassed $50,000 and Crypto Regulations Bitcoin gained popularity a long time ago. However, it remains one of the most recognizable cryptocurrencies in the world. It is worth mentioning that, Bitcoin held gains above $50,000 in Asia trading on Thursday. As a result, the largest […]

Numenta studied human brain to create superior AI technology

Numenta studied human brain to create superior AI technology Artificial intelligence has already changed the history of technology. It offers numerous possibilities, most of them still undiscovered to the day. Still, AI is already successfully integrated into the technology world, and scientists work on its […]

Ayaan Hirsi Ali and Joe Rogan on the Derangement of Lockdowns

Magnitudes more good sense is conveyed in this ten-minute-long conversation between Ayaan Hirsi Ali and Joe Rogan than is conveyed in any randomly chosen ten-million-word segment from the media, from government’s public-health “experts, and from typical politicians simultaneously intoxicated with new-found powers and quaking like […]