Real Money (not)

I contemplate the lack of  “real” in “money” sometimes.  We really don’t have real  money any longer. We print ‘trillions” of nothing, except we don’t even really “print” them – the Fed just changes some decimal points.   And, I wonder, when it collapses how bad will it be?  I got to thinking about this when I read “Gold as a …

Systemic Problem (in yet another system)

Ann Barnhardt, a successful long term broker in the futures and options markets decided today that she could no longer take her customers money in good faith: The futures and options markets are no longer viable. It is my recommendation that ALL customers withdraw from all of the markets as soon as possible so that they have the best chance …

Lazy?

I’m organizing a couple big shooting events in the coming months. These things barely cover the cost of doing them, and certainly don’t generate enough to pay staff, so we rely on volunteers.  I’d organized a core staff of about 30 folks shooters, and an auxiliary of 35 (or so I thought) of local youth helping out as a fundraiser. …

Quote of the Day

Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master. George Washington via EconomicNoise.com

Quote of the Day

  The Tea Party represents all the people working, producing, and PAYING for everything, while the Occupy movement represents all the people wanting to TAKE things from those who have earned them. TakiMag.com

Harrassment

Another inappropriate gesture? I confess to not liking Herman Cain that much. He is 100000% better than Obama, but he bugs me. He is supposed to be a scientist – having a degree in Math, doing Ordinary Differential Equations as a mathematician for the Navy, then he got a Masters in Computer Science, and held various IT positions as he …

Word of the Day

http://pointsandfigures.com/2011/11/03/new-words-ineptocracy/ 1. Ineptocracy *_Ineptocracy_****(in-ep-toc’-ra-cy) – a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers* Via Instapundit

Pssst… Hey China (we got you by the short ones)

I don’t think about China much. I’m a busy fellow. BUT  I knew they had nukes. And Herman Cain did not. I don’t understand why Presidential candidates need to espouse on things they don’t have firm opinions or knowledge of.  I’d be happy to accept  “I’m not ready to discuss that, I’m more focused on my 9 9 9 plan …

Whose interest?

  Greeks – even those fiercely opposed to Pasok from the left and right – are resigned to the fact that the country faces years of painful restructuring. The real question at issue is a) under whose control and b) in whose interest? Those are the questions for Greece. But they apply to us as well. Greece is just farther …

Quote of the Day

  College has been oversold. It has been oversold to students who end up dropping out or graduating with degrees that don’t help them very much in the job market. It also has been oversold to the taxpayers, who foot the bill for these subsidies. Alex Tabarrok College has been oversold Marginal Revolution My son, although just 14, seems fairly …

Quote of the Day

I am definitely too stupid to understand how corporations steal anything from me. Unless they’re receiving government subsidies, I’m not forced to buy anything they produce. Not like I’m forced to pay taxes. And it’s the government, not the corporations, that claims a monopoly on violence. Only the government can throw you in jail and call it “incarceration” instead of …

Review: Vlingo Android App

http://www.vlingo.com/apps/android Short:  Pretty useful in quiet environments (out to eat, in office). Doesn’t handle background noise well when driving but can save pesky typing. I recommend it. Longer: I use my Android phone to talk, text, e-mail, navigate, and search Google for information about something that has come up in a conversation. Vlingo does a very good job replacing typing …

OWS vs Tea Party

  Two views on what “government should give” Ace describes the difference pretty well: As someone said, both groups don’t like crony capitalism, but OWS wants to keep the cronyism and ditch the capitalism. The Tea Party, the opposite. That sums it up well.  I, too, don’t like the Wall Street shenanigans, but it only matters when I can’t say …

100 + 10 = 99

  Good synopsis of government math: “Evidence illustrates that there is a persistent robust negative relationship between the level (and expansion of) government expenditures and the growth of GDP.  Our findings indicate that a 10% increase in government expenditures as a percent of GDP results in approximately a 1 percentage point reduction in GDP growth.” Read the whole thing…

Siri

“Take this down, Siri, Remind me to buy Helena Flowers”. So Alexis Madrigal talks to his iPhone 4S, the latest launched this weekend to a 4 million unit (in 2 days) success. I hope it works that well.  The voice recognition on my Motorola Droid X certainly isn’t that smart. I try it, but it doesn’t recognize particularly well, and …