Kevin Bae

Government regulation of banks resulted in larger disasters

March 17, 2023

Since the creation of the modern banking regulatory apparatus the losses, as a percentage of GDP, have grown from 1% in 1913 to 7% in 2009. The safer the government tried to make banking the greater the risks people and businesses took. This resulted in larger failures and losses. “It is scarcely to be expected…that…
Jussie Smollett re-enactment by the Osundairo brothers

March 14, 2023

Further proof of the end of Western Civilization. What the hell happened to us? It is funny, though, to watch these two knuckleheads re-enact one of the dumbest events in Chicago history.
Safeguard your wallet… President Biden says the banking system is safe.

March 13, 2023

I would feel better if he would have never given a speech. In hindsight the collapse of SVB is simple. They were under water in government treasuries. When the Fed raised interest rates the bonds they held became worth less than the amount they could sell them. They didn’t have the liquidity to handle the…
Inflation in reality explained

March 9, 2023

Creating $5 trillion out of thin air devalues your money. It’s as easy to understand as a diluted glass of tea. The Federal Reserve financed $5 trillion of debt by printing money. This resulted in a dilution of the value of money, causing inflation. Printing money out of thin air is poison to an economy.…
College degrees cost more and are worth less than ever

February 28, 2023

All the kids are cheating. People are paying for expensive degrees that are absolutely worthless. How far away are we from graduating college students that don’t actually know anything about their majors? This will be like the kids coming out of high school that can’t read, write, or do math at a freshman high school…
Can this be the final word on wearing fucking masks to prevent the spread of infection by a respiratory virus in uncontrolled environments?

February 27, 2023

The answer to the question is no because idiots run the world. The CDC’s director, Rochelle Walensky, remains determined to ignore the best research on masks, as she made clear in a congressional hearing earlier this month. “Our masking guidance doesn’t really change with time,” she said, when asked how the new review from Cochrane would affect…