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- @tevenski Yes, and you had just as much fun hitting a ball of light back and forth. At the time we all thought that was incredible. Just like kids use to have lots of fun staring at a radio listening to the Lone Ranger or Howdy Doody. It's just a function of what you know.
- Collapse of the dollar on May 28, 2016?
- Epistemological foundation for AE
- @KennedyFinance Just checked. Your account is up 40% since Jan. of 2016, but still down 2% since you opened it. You stated just before a big rise in the dollar, so your account initially fell by 30%. The dollar has surrendered those gains, and if I'm right its about to get killed.
- Gold is Doomed
- @realDonaldTrump If you really want to do something for the good of the country try cutting government spending. If you really want to make America great again, you have to make government small again.
- China Calls for New Global Reserve Currency to Replace Dollar @SchiffGold https://t.co/PmZH6Zr8SV
- "Income Inequality" - What Austrians Understand & Liberals Ignore
- July Consumer Confidence unexpectedly plunged to 90.9 from 99.8 in June, hitting its lowest level since Sept. 2014. Forecast was for 99.6.
- World Gold Council Gold Investor, WGC chief market strategist John Reade outlined several key reasons he thinks gold will shine in 2018. http://bit.ly/2zh9oF7
Thursday, May 12, 2016
[...] hostility between the races limits support for welfare. It is clear that racial heterogeneity within the US is one of the most important reasons why the welfare state in America is small.
>Overall, the cross-country evidence, the cross-state evidence (of Alesina, Baqir and Easterly, 1999, 2000, and the work presented here) and the survey evidence given here (and of Luttmer, 2001 and in Alesina and LaFerrara, 2001) all suggest that hostility between the races limits support for welfare. It is clear that racial heterogeneity within the US is one of the most important reasons why the welfare state in America is small. http://ift.tt/1bSxVE4 ...... My thoughts: This also explains: ... - why it grew a lot after the spread of nationalistic thought after WWI and WWII. - why the welfare state was invented by conservatives and nationalists in Prussia. - why the welfare state is so diffused in Nordic countries, that are relatively homogeneous as a population. - And, WILL explain why restricting or preventing immigration will not reduce the welfare state or the power of the state in general. As Rothbard explained, the state derives its power through consensus (see: the Anatomy of the State. http://ift.tt/1THLGoi ) and, as I understand it, the consensus is reached easily if the people think of each other as a big family, as a nation...