A long hiatus

Took some time off from posting, five years constitutes "time off" right?  Career flourished a bit, went through some relationships.  My life changed, but America largely has not.  Somewhat amusing to read my old posts and pick up that tinge of panic and concern over the big liberal scare that was Obama.  Turns out, a lot of the fear emanates from ourselves and distorts our reality.  Much of what I said never really panned out or if it did, the gravity of the situation ended up so differently as to nullify almost all predictions.

Predictions politics and economics as it turns out, is quite difficult. 

We now live in the age of Trump and there is nothing to celebrate.  However the gnashing of teeth from the opposition is as loud and vociferous as was our own between 2008 and 2016.   Much of the predictions and concerns remain hyperbolic, as they tend to be in American politics. 

Sure, there remains a litany of problems in today's administration and their brand of politics; debt is piling on, protectionism is back, tax cuts are heralded as the panacea and the wars rage on.   Of course while that may all sound different from the prism of the left, it is quite the same from prism of the center.

As for me, well I retired 'righcondition.com' as paying the upkeep proved unfruitful.  Recently a co-worker asserted that money is the root of all evil, something I passionately disagree with and have previously written about.  Decided to see if blogger hung on to my material and it has, so this will have to do for now.   I shall muse here about various subjects and see what happens.


Comments

Post a Comment

Popular posts from this blog

The 2009 credit boom is coming to an end.

Image
The credit expansion boom of 2009 will eventually go down as yet another period of credit expansion promoted by the Fed that will have lead to another predictable bust.   Today, it will be interesting to examine how the various levels of production are behaving under years and years of artificial interest rate suppression.  It will also be helpful to look at charts and graphs examining the business cycle theory and the impact of time preference as taught by Mises. For starters, those new to the concept - a very brief paraphrasing of the general idea. Under a healthy functioning market people's consumer patterns impact their savings.  More consumption equals less saving and less consumption more saving.  In order to progress the society must save such that it can make investments in machinery, equipment, technology, etc if it hopes to increase the capacity of production.   Sure ,you can harvest 10 coconuts a day, consume them by night and repeat the process.  You can also defe
Read more

What is wrong with this country?

I was browsing the latest IBD poll and it finally struck me. I had this idea brewing for the past few weeks now and this particular poll hit a nerve. What jumped out was the age group and who they are likely voting for. Obama / McCain 18-24: 74% 21% The rest of the age groups are more or less even with ages 65+ leaning more for McCain. Those folks should probably avoid leaning - hazardous to their health. Now, if you are a member of this group and are part of the 74% you are probably feeling good about yourself. If you are in the 21% then you are probably used to feeling desperate and angry that your peers ostracize you as if you were the next coming of the bubonic plague. But this number is very telling. Showing to us that a large group of freshly minted liberals, on average still in college, is in a very good position to influence these elections. Enthralled by the concept of "what they want the world to be" and their utopian ideals they hammer their message to anyone willi
Read more

401k Takeover Proposal. IRAs in danger?

Just read a piece that made my blood boil. The story is from Carolina Journal, but I will paste the first paragraph below. Even if you currently do not have a 401k, this is the most dangerous proposal I have ever heard. The only similar example I can think of, would be the gold seizure under FDR. If this proposal becomes legitimate, you MUST write to your local representative, congressman, senator, etc. This will be absolutely crippling to our economy as investors will stage a mass exodus out of the market. If you want a demonstration of this in action, look at Argentina. They just did something very similar. I will keep my eyes on the story and will add further information to demonstrate just how dangerous this is. November 04, 2008 RALEIGH — Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration. Triggered by the
Read more