Economics · Reviews

How an Economy Grows and Why It Crashes (2010) by Peter and Andrew Schiff

Basic economic understanding is sorely lacking in the general population. Seeing that a significant number of people have a very lackadaisical attitude towards money, which causes them to drastically overspend, it is little surprise that the disastrous monetary policies of much of the world’s countries are similarly misguided. The underlying theme seems to be that… Continue reading How an Economy Grows and Why It Crashes (2010) by Peter and Andrew Schiff

Economics · Politics

Covid-19 Marks the Indisputable Beginning of Chinese Hegemony

The strength of the Chinese economy is commonly underreported in mainstream media. Instead of comparisons based on the monetary exchange rate, one needs to measure purchase power parity (PPP), and on that metric the Chinese economy is already the largest in the world. The next objection is that China has 1.4 billion people so we… Continue reading Covid-19 Marks the Indisputable Beginning of Chinese Hegemony

Economics · Politics

Developing Countries and Degenerating Countries

We used to divide the countries of the earth into the first, second, and third world. In particular the term “second world” has fallen out of favor, even though it is still widely used. It used to mainly refer to the Eastern European countries behind the Iron Curtain. I think it is more descriptive to… Continue reading Developing Countries and Degenerating Countries

Business · Economics

How Facebook Fakes its Active Users: The Fake Deactivation Request

Among the big tech companies, Facebook is arguably the shadiest one. Nary a month goes by that does not see them getting embroiled in yet another scandal. As suspected by some analysts, Facebook meddles with the numbers of active users. Some reports even suspect that as many as 50% of all accounts are fake or… Continue reading How Facebook Fakes its Active Users: The Fake Deactivation Request

Economics · Reviews · Society

Book Review: “Cognitive Capitalism: Human Capital and the Wellbeing of Nations” by Heiner Rindermann

Heiner Rindermann is one of the few social scientists that is not a staunch lefty. His research focuses on the not politically correct topic of intelligence. If you have ever looked into studies on IQ differences between nations or ethnicities, you may have come across his work. As I have read about a handful of… Continue reading Book Review: “Cognitive Capitalism: Human Capital and the Wellbeing of Nations” by Heiner Rindermann

Economics · Reviews

Book Review: Germany’s Hidden Crisis by Oliver Nachtwey

Germany is often lauded as an economic powerhouse. I often encounter foreigners who have an almost comical perception of Germany. They praise German engineering, Germany’s leading role in European politics, the (currently) very low level of unemployment, and sometimes even stereotypically German character traits, such as being conscientious, hard-working, reliable, and punctual. Reality is a… Continue reading Book Review: Germany’s Hidden Crisis by Oliver Nachtwey

Economics · Men · The Working World

Book Review: Men Without Work by Nicholas Eberstadt

One of the more interesting books I recently read is Men Without Work: America’s Invisible Crisis (2016) by Nicholas Eberstadt who is associated with the American Enterprise Institute (AEI). In around 150 pages, Eberstadt thoroughly spreads out what should be a prime issue in US labor policy. Yet, as so often, the fate of men… Continue reading Book Review: Men Without Work by Nicholas Eberstadt

Economics · Society

Thoughts on Jordan Peterson (V): The Jewish Question

Despite my criticism of Jordan Peterson, I used to view him, in general, more in a positive than a negative light. This has flipped now, due to his poorly written and deliberately misleading post “On the so-called ‘Jewish Question’”, which exhibits shoddy reasoning and can be debunked very easily. I will cut Jordan Peterson a… Continue reading Thoughts on Jordan Peterson (V): The Jewish Question

Economics

The Universal Basic Income (UBI) is Bullshit

Among the few bloggers I read somewhat regularly is Michael O. Church, a mathematician turned software engineer. He wrote a few incendiary post on the tech industry, with his arguably most well-known piece being “Don’t waste your time in crappy startup jobs.” To my great surprise, Michael O. Church recently came out as a bleeding-heart… Continue reading The Universal Basic Income (UBI) is Bullshit