We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Few kids would turn down an Ivy scholarship, but, after your first job out, you are on your own and nobody cares about it anymore except for you and your narcissistic needs. Done right, wonderfully life-enriching, speaking as an older Dartmouth fellow from the era when your Ivy BA meant something; many things, really. Lots of social signalling and networking, because everybody likes a Dartmouth lad (or lassie). Those were the good old days when elitism gave you a leg up in the sport of life. Clubs, jobs, friends, grad school, social acceptance, deals, etc. Of course, being a Col. or above in the US military offered similar perks. Respect.
It reminds me of the oldie, "Don't send my boy to Harvard, the dying mother said, Don't send my boy to Harvard, I'd rather see him dead, but send him to Columbia, or better yet Cornell, but as for Pennsylvan-i-ay I'll see him first in hell."
He begins, In the spring of 2008, I did a daylong stint on the Yale admissions committee...
Is there anything that I can do, a lot of young people have written to ask me, to avoid becoming an out-of-touch, entitled little shit? I don’t have a satisfying answer, short of telling them to transfer to a public university. You cannot cogitate your way to sympathy with people of different backgrounds, still less to knowledge of them. You need to interact with them directly, and it has to be on an equal footing: not in the context of “service,” and not in the spirit of “making an effort,” either—swooping down on a member of the college support staff and offering to “buy them a coffee,” as a former Yalie once suggested, in order to “ask them about themselves.”
Sheesh. All of my fairly bright, talented, athletic and endlessly-curious kids are going to Dartmouth and I never donated a nickel. The tuition is already more than I can handle. Worth it?
Who can know or understand all of this crap? All people know is that you can get in trouble if you do not. Insane, but it keeps lawyers and lobbyists employed.
I have always found it fascinating that while elitists and NWO champions constantly proclaim that morality is relative and that conscience is not inherent, somehow they are the ones who possess the proper definition of the “greater good.” If “good” is in all cases relative, then wouldn’t the “greater good” also be entirely relative? This inconsistency in their reasoning does not seem to stop them from forcing the masses through propaganda or violence to accept their version of better judgment.
and
We would be far better served as a species if we were to turn our back on the NWO altogether and move swiftly in the opposite direction. Imagine what tomorrow would be like if there were no controllers, no statists, no despots and no philosopher kings. Imagine a tomorrow where people respect the natural-born rights of others. Imagine a tomorrow where people’s irrational fears are not allowed to inhibit other people’s freedoms. Imagine a tomorrow where interactions between citizens and government are rare or nonexistent. Imagine if we could live our days in peace, independently building our own destinies, in which our successes and failures are our own, rather than the property of the collective. It may not be a perfect world, or a utopia, but I suspect it would be a much better place than we live in today.
Some good history and some good thinking about the modern (and ancient) administrative state with its extra-legal powers. I have no doubt that the founders hoped to prevent a Versailles-like giant central bureaucracy, but they failed at that. Why? They wrote all they could to prevent it.
The USA Progressives borrowed our public school structures, and developed our central governmental administration, from the Prussian models. As Hamburger says, "as American as Bismarck."
"There is always a 'necessity' for increasing government administrative power."
Makes some sense, as long as that doesn't get dumped on the taxpayer. Of course, having a bankruptcy on your credit report will not do much for your future prospects.
... intellectuals are a paradoxical product of the market economy, because “unlike any other type of society, capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.” Like Hayek, Schumpeter described intellectuals broadly as “people who wield the power of the spoken and the written word.” More narrowly, “one of the touches that distinguish them from other people who do the same is the absence of direct responsibility for practical affairs.” That is, intellectuals do not participate in the market (at least not in the areas they write about), and do not generally rely on satisfying consumers to earn a living. Add to this their naturally critical attitude—which Schumpeter argues is the product of the essential rationality of the market economy—and it is easy to see why intellectuals would be hostile to the market.
Was he teaching "community organizing"? I was a drunk, angry teacher - I just wanted to open my students' eyes to social justice and reality. I didn't want them to end up bitter like me.
It's not so much the drinking that bothers me - it's that he was not doing his job and it sounds like he still is not. For him, it's all about him. I would not want this jerk "teaching" my kids anything. Since I am sure he is in a government teaching union, he can't be fired.
The grades I just issued in my post-calculus, differential equations course – a sophomore math offering taken mostly by engineering students—followed the usual bell-shaped curve, roughly 10% A’s, 20% B’s, 40% C’s, 20% D’s and 10% F’s. The complaints came more from the D students than from the Fs.
I guarantee it, unless you have aerated them. If you haven't aerated in a while, I'd recommend going over it all a few times. The more, the better. The machine can be a bit physically-challenging, but it is sort-of fun.
Between now and September is a perfect time to do it. A single thunderstorm will eliminate the plugs, and the grass will look great afterwards - especially with some rain and some fertilizer. However, I would not fertilize in midsummer except for an irrigated or dampish wetlands lawn.
Readers know that I do it every year, and my lawns are lovely and healthy and full of worms despite dogs, horses, kids, the occasional truck and tractor, etc. Do parts of my lawns burn and go dormant in mid-summer? Sure. That's normal for them, without irrigation. A lawn is a garden. Lawns are dumb things to have, but they beat weeding.
The modern age is an age of anarchy, an era of habitual rebellion against old ways and existing order in the name of liberty, equality, enlightenment, and progress. It began as a rebellion against religious hierarchy, burgeoned into a rebellion against political monarchy, and finally boiled over in a rebellion against social patriarchy, leaving in its wake a new civilization endlessly at war with civilization itself...
I like Guggenheim S&P500 Equal Weight (RSP). For equities, I prefer it to S&P 500 funds, which are weighted by market cap, but I keep my equity money to a relatively small % of my modest pile of financial assets.
My Godfather was one of the original inventors of mutual funds. At the time, he only sold his funds to rich guys.
His first fund was simply to sell shares of his own portfolio from his inheritance from his family. He had done well with it, and had sold the family business.
When I was a kid, he would tell me that he was certain that, in the future, retail funds would be a big business, diluting risk. I didn't really know what he was talking about. He was slightly ahead of his time but made enough money to build a custom 92-foot sailboat which is all he ever dreamed of.
Guy did not leave me a penny, but left me the memories of his companionship and the example of his Christian faith which has been a great gift indeed. I never told him that before he died at his desk in his office, aged 88.
I do not care to pay for actively-managed money. When it comes to investing on the retail level, I have always said that one can never get rich that way unless one is blessed with the same combination of recklessness and luck that wins the Powerball. Like investing every penny you had in Microsoft when it first went public in 1986. Some office secretaries did, though, just like all the regular citizens of Omaha invested in Berkshire 40 years ago just because they knew Warren from around town.
Over time, however, one can hope to maintain one's financial assets and keep up with inflation and sometimes exceed it. Public equity markets are a sophisticated casino. Over the years I have gotten some very good tips, but a prudent person without inside info never wants to risk enough for it to make a meaningful difference in the end. I will confess that I own a few individual stocks.
It's those occasional base hits in bullish markets which keep retail citizen dopes like me coming back to the casino, while the people making big money in markets are those who construct and sell the financial products we little people buy, and the people in the non-public markets (eg venture capital, hedge funds, etc).
I am still waiting for a major market crash or correction. I have cash waiting in my "retirement" account, but that ammo is getting rusty.
It is fashionable today to view the Revolution as one might a traditional war between foreign powers, but, in truth, the break of 1776 was the latest in a series of fallings out between brothers — a civil war fought by men who were separated by an ocean but not by a history. Reading through the extraordinary profusion of pamphlets and gripes that the crisis produced, one cannot help but be impressed by how keenly the revolutionaries hewed to existing principle. Thomas Paine, perhaps the most radical of the agitators, may have believed that he could start the world all over again, but the colonists who marched with him mostly definitely did not. Instead, they sought a restoration of their inheritance, the Constitutional Congress asserting in 1774 that British subjects in America were “entitled to all the rights, liberties, and immunities of free and natural- born subjects, within the realm of England.” In the same year, William Henry Drayton, a lawyer from South Carolina who later served as a delegate to the Congress, fleshed out the claim, establishing in a tract of his own that he and his countrymen were “entitled to the common law of England formed by their common ancestors; and to all and singular the benefits, rights, liberties and claims specified in Magna Charta, in the petition of Rights, in the Bill of Rights, and in the Act of Settlement.” With this popular sentiment, Drayton and his acolytes set themselves up as the Roundheads of the New World, linking spiritual arms with the parliamentarians of the English civil war, with the seditious architects of the Glorious Revolution, and with all who had established colonial outposts in the name of English freedom.
The Redcoats are not about to march into Boston, but the Regulators are. The rising power of government has transformed its laws and systems into a means for the elites to impose their will on the whole country, to stamp out their private pursuits of happiness for collective ends.
It's bogus to compare nations, really. It's apples and oranges. In America, K-12 has tons of immigrants who are not yet acculturated and do not have excellent English. And when it comes to college, America aspires to send everybody there, not just the scholarly. Why? Don't ask me. A credential I guess. Thus it makes no sense to compare with places like Finland or Singapore, or places like the UK with high bars for university entry and without mass-market schools.
I recently had a conversation with a multi-multi-millionaire who recently sold his second business start-up at age 43.
He is a humble guy, good golfer. He told me that he was advised that he was not "college material" - and "I am not", he says. "I am not a scholar, not intellectual, not very smart but I am energetic, and strong on practical and common sense. I learned my math at work because I had to." He became an apprentice (I can't say in what area) and in ten years owned a rapidly-growing company with 130 employees and two warehouses.
He told me his future plans too, but I want to keep it short and confidential.
Anyway, it raised the question for me: What is "college material"? Or is that term obsolete?
Pot should be decriminalized everywhere, state by state. It should never have been criminalized in the first place. All it does is make you stupid, lazy, and hungry. If you want to be a pothead, be my guest. Like heroin, you can already buy it cheap on any street corner in the US. It's a free country. Waste your life if you want, but not on my nickel.
A sample of Luther's table talk, from a piece at Scriptorium Daily:
Although I know this [i.e., that I am to rejoice in the Lord and expect good of him], I am of a different mind ten times in the course of a day. But I resist the devil, and often it is with a fart that I chase him away. When he tempts me with silly sins I say, Devil, yesterday I broke wind too. Have you written it down on your list? When I say to him, you have been put to shame, he believes it, for he does not want to be despised.
Another:
Oh, if I could only pray the way this dog watches the meat! All his
thoughts are concentrated on the piece of meat. Otherwise he has no
thought, wish, or hope.
Luther was an outspoken, plain-speaking fellow. The piece is here.
I understand that the Sapir-Whorf Hypothesis is out of favor if not largely disproven, but it still makes sense to me in many instances, especially with more abstract concepts.
Newton’s wrong guesses are, however, as interesting as his correct ones. A well-known example is his conviction that light is made of particles, not waves. What he had in mind were solid ‘corpuscles’, not the photons of modern physics, but it’s still tempting to see him as having been half right. And in trying to explain the splitting of white light into a spectrum, he came up with the beautiful notion that the width of the coloured bands matches the mathematical proportions of a musical scale. People had traditionally counted no more than five colours in a rainbow, but for his theory to work Newton needed more, so he introduced two ‘semitones’, orange and indigo, and we’ve been counting seven colours in a rainbow ever since. Generations of schoolchildren have learned mnemonics that colour-code light, such as ‘Richard Of York Gave Battle In Vain’, which have as much to do with physical reality as the signs of the zodiac.
Who cares? It's their money to do whatever they want with it. They are free to just burn it if they want to (or is burning money illegal?) Mankiw is correct, though, about reversion to the mean.
Things are changing fast: Fast Times in Higher Ed. I believe that the old late-medieval model, designed for dedicated scholars, will survive but in small, elite places. It was never meant to be mass market.
Actively-managed equity accounts are widely considered a rip-off for the muppets. I am not rich enough to get into hedge funds, but I'd like to be because those smart folks can do far more than I can, hedging currencies, national economies, sovereign debt, etc. while the average Joe like me is stuck with mass market retail products.
I like to have money, and enjoy the concept of making money in markets while busy at my day job. I keep spare cash in a Vanguard bond fund, while my IRA is miscellaneous but mostly Vanguard funds with a focus on proven income-producing equities and some balanced funds plus some good (legal, of course) stock tips, and some cash for the next market crash, locked and loaded. I control my IRA.
I also have substantial debt in the form of a low-interest but fairly large mortgage which I intend to keep as long as I am able to work. As I have calculated it, keeping a mortgage is a net gain for me.
Most people want capital-preservation above all, but if you want risk to make real money in markets, do what monkeys do and use your crystal ball and pick the right stocks instead of indexes indices and buy low, sell high. After all, funds dilute gains. So hire a monkey.
What do y'all do with your spare cash and with your long-term savings?
Jefferson well knew that one of those rights—to pursue our own happiness in our own way—would yield wildly different outcomes for individuals. Even this most radical of the Founding Fathers knew that the equality of rights on which American independence rests would necessarily lead to inequality of condition. Indeed, he believed that something like an aristocracy would arise—springing from talent and virtue, he ardently hoped, not from inherited wealth or status.
In the greatest of the Federalist Papers, Number 10, James Madison explicitly pointed out the connection between liberty and inequality, and he explained why you can’t have the first without the second. Men formed governments, Madison believed (as did all the Founding Fathers), to safeguard rights that come from nature, not from government—rights to life, to liberty, and to the acquisition and ownership of property. Before we joined forces in society and chose an official cloaked with the authority to wield our collective power to restrain or punish violators of our natural rights, those rights were at constant risk of being trampled by someone stronger than we.
Portrait is the deeply-wise dead white male James Madison.To be an American, you need to know what he thought about this experiment in freedom.
Some good history and some good thinking about the modern (and ancient) administrative state with its extra-legal powers. I have no doubt that the founders hoped to prevent a Versailles-like giant central bureaucracy, but they failed at that. Why? They wrote all they could to prevent it.
I like Guggenheim S&P500 Equal Weight 
I recently had a conversation with a multi-multi-millionaire who recently sold his second business start-up at age 43.
A sample of Luther's table talk, from a piece at Scriptorium Daily:
Americans seem to want a little bit of both.