12.14.2013

Colorado school shooter was a Keynesian

Of course.
In one Facebook post, Pierson attacks the philosophies of economist Adam Smith who through his invisible hand theory pushed the notion that the free market was self-regulating. In another post, he describes himself as "Keynesian."
It's a very short logical step from the Broken Window Fallacy to the Wounded Bodies Fallacy. Keynesians believe in breaking things, starting wars, and creating nonsensical busywork to boost their idol, Gross Domestic Product (GDP). Think of all the GDP that Pierson created.

HT: Ace.

12.13.2013

Obama's America


... where your mail from political dissident groups comes conveniently pre-opened!

365 ways to get rich

Great personal finance tips here from Forbes. Browse them all. It won't take that long.

Many are ideas we've discussed here over the years. Many will be new to you.

One I will disagree with is #353: Own gold through ETFs like GLD. We've discussed before why that's a bad idea. It's not clear that all the ETFs actually own segregated physical gold that hasn't been leased or swapped or otherwise encumbered by the big banks. Buy physical gold coins.

#352 is right on, though: Keep 5% of your portfolio in gold.

12.09.2013

Business opportunity

Uranus Gold Couriers:
India Gold Price Premium at 23.2%, Now at US $1514 US

12.05.2013

Fast food strike update

Today is a nationwide fast food strike, where workers in minimum-wage jobs demand "living wages." Hint: if you're trying to support a family while still flipping burgers, you're doing it wrong. Fast food jobs are for young people to learn job skills and customer service before acquiring education or other skills that will allow them to get real "living wage" jobs. They're also not bad for senior citizens to stay active and supplement their Social Security.

Our Los Angeles correspondent I.P. Freely will be reporting live throughout the day from McDonald's restaurants.

5:51 AM: 
Report: Meal number 1: no picket lines at first Mcdonalds at 5:30 a.m. Oh wait... that's cuz they're f'ing lazy!
Food: delicious


11:59 AM: 
Report: Meal number 2: Not a picketer in sight. I counted 14 employees working diligently behind the counter, of which I could see. This McDonald's is in the heart of downtown Los Angeles and probably has more lunch time volume than 90% of all McDonalds.
But the picket lines seems to have overlooked this one. I will try another later today. Service: extremely fast and efficient, even considering the size of the order when I bought for my entire office. Food: scrumptious



4:11 PM:
Report: Snack
Now, I'm not sure of the wages earned by people at Starbucks or Wetzel's Pretzels, but I assume you can classify them as fast food. All employees working there. No picket lines at the hub of transportation for Los Angeles, Union Station.
Food: Tasty


5:42 PM:
Report: Now in LA, when you go buy somewhere and shoot, it's called a "drive by," which I did for this McDonald's looking for picketers.... Disappointed, I saw none.


8:49 PM:
Report: Last and final fast food joint today. I did not get to see any protesters all day. I would have thought it would have been a little more difficult to enjoy the convenience of a quick, cheap bite to eat today specifically, according to the MSM. But no, a normal day. I have been satisfied gastronomically and I still have a good bit of funds in my wallet for an adult beverage served to me by someone smart enough to realize they are in an entry level job working their way through school, served to me well enough to earn an extra large tip for their enthusiasm. This is IP Freely reporting from the greater LA area.

12.04.2013

Friends in high places

Our friend Adrienne Gonzalez of Jr. Deputy Accountant has been named managing editor of Going Concern, the web's most popular (and funniest) accounting site.

JDA's hits over the years include getting the name "Zimbabwe Ben" in print in Time Magazine.

Let it never be said we don't have an eye for talent.


Why does America keep winning?

X : Yes. But also, America's abundance of natural resources and history of fortuitous developments kinda seems like God shed His grace o...