Tag: Economics
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Super Abundance doesn’t account for a super abundance of human nature
There is a growing belief that artificial intelligence and robotics will soon usher in a post-scarcity world where money becomes meaningless, work disappears, and everything from food to housing is free. Elon Musk and others have suggested that advanced AI paired with humanoid robots like Optimus will make labor obsolete and create “universal high income.”…
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Wall Street Journal reporters buy the most expensive shit to make a $3 meal
The Wall Street Journal ran a story about how difficult it is to make a meal for one for roughly $3.00. All they did was prove how stupid they are. Look at this photo for 10 seconds and you’ll instantly know why they had trouble putting together this meal. Notice that these items are the…
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Democrats should be loving Trump and Republicans should be ashamed
Democrats loathe Trump, but the shouldn’t because his policies are pure old-school Democrat. He’s more Bill Clinton than Ronald Reagan. Meanwhile, Republicans backing all these big government policies should be ashamed of themselves. They so easily betray their principles (It’s clear they never had them) to play to a base that is also clearly not…
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Trump is trying to shove the globalism toothpaste back in the tube and it’s making a mess
What a mess! To protect your sanity, and in the interest of keeping a cool head, I recommend you just don’t look at your portfolio this week… or maybe this month… heck maybe this year. The point is, don’t panic, don’t lose your cool, and if you have an investment strategy that plans for downturns…
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Cumulative inflation under Biden is 17% while under Trump it was only 7%
If you want to know why spending is up while the public feels pessimistic about the economy just look to cumulative inflation or compound inflation if you will. It’s very simple but legacy news won’t report the reality. It’s the cumulative effect of inflation. It’s like the concept of compounding interest in a savings account…
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California $20 minimum wage eliminating jobs before it takes effect
The California minimum wage for fast food employees is stlet to jump to $20 per hour in April. Two Pizza Hut franchisees are cutting all their delivery driver jobs as a result. How many jobs will be lost once it takes full effect? How high will prices have to rise? Never buy fast food in…