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Despite the largest position in my personal household portfolio being Wells Fargo & Company, bought when it was practically being given away for free during the stock market crash, I’m at the point where I think the major global banks should be smashed and, here in the United States, at least, restrictions on inter-state banking put back in place so there is wide geographic diversity in deposit institutions to spur competition and prevent the probability of a banking crisis in the event of another Great Depression.
Heather Mac Donald has written an astonishingly good piece over at The Wall Street Journal called “The Humanities Have Forgotten Their Humanity“. It details the academic coup that occurred in one of America’s premier English departments a few years ago when the junior faculty at UCLA overthrew the core curriculum. These misguided fools threw out the…
It’s time we talk about the debt ceiling and what a debt ceiling default would mean for the United States. I’ve avoided this conversation because I was hopeful we would never end up here, again, after the last round of stupidity. I’ve also avoided discussing the on-going shutdown of the Federal Government, despite some strong…
I’ve seen a lot of rumblings on the Internet over the past few months about writing in cursive. From people complaining on Reddit that it is the most useless skill they have to the media uproar in the George Zimmerman trial when it was discovered that star witness couldn’t read cursive and had to have…
There’s a particularly powerful mental model – I won’t identify it for those of you who are still learning to memorize them on your own, leaving you a bit of a challenge – that constantly comes up in the news in a way that makes me so incredibly angry it’s hard to understate. [mainbodyad]It’s the…
Those of you who study history will know that there can now be little doubt that the future of Russia is in serious jeopardy. Personally, short of an unexpected event or political uprising, I don’t see how they escape from the cycle that has begun, which has been accelerating if you’ve been paying attention to the country over the past twenty four months. The Russian people have been willingly submitting themselves to slavery, passing laws that restrict freedom of speech, freedom of conscious, freedom of religion, freedom of personal association, and much more. It’s as if they simply cannot escape a culture of authoritarian rule, always sliding back toward despotism.
Margaret Thatcher has died. She was one of the most influential figures of the past century, and one of the most powerful women in history.
C. Everett Koop, former Surgeon General of the United States, has passed away. He was 96 years old. The devout, conservative, evangelical Christian born the grandchild of German immigrants was one of the great pragmatist of the past few generations, proving that a fact-based, rational approach to life can improve standard of living, reduce disease,…
I’ve made no secret of my love of employee-owned businesses. If you want to find the best working conditions, the highest pay, the best employee benefits, and the most cohesive strategies, all else equal, you are going to find them working for a company that has no outside shareholders and is instead owned by the…
It’s time for some mental model homework. It isn’t often that I read a news story that causes me to grieve. Yet, that is exactly what is happening with the revelations coming out about General Petraeus, the disgraced CIA director and former military commander who had to resign after it was revealed he cheated…
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