Jim’s Blog

Conservatives are fleeing the evil witch and horrible heretic Jason Richwine.

Richwine pointed out what everyone knows, but no one can say: That mestizos are genetically low intelligence, and that importing a low intelligence underclass will cost Americans a lot of money, and that this underclass, even if, unlike blacks, they really want to assimilate, can never assimilate, and will forever resent their failure to assimilate, forever blaming it on racism.

Richwine’s estimates were, however, very much on the low side. He only considered the costs of a genetically low IQ underclass that sucks up welfare and fails to pay taxes. He ignored Smart Fraction Theory. (more…)

Supposing the official cpi to be true, US real GDP per capita has been growing at about 1% per year in recent years.

Supposing the big mac index to be true, US real GDP per capita has been falling at about 1% per year in recent years.

Motor vehicles per capita, according to world bank statistics, have been falling about 1% per year in recent years.

Electricity consumption per capita, taking indexmundi figures for US electricity consumption, and world bank figures for US population, has been falling at about 2% per year in recent years, consistent with the greeny attack on energy.

So, the evidence favors the big mac index.  Which is not showing hyperinflation, but is showing more inflation than is good for the economy.

Byran Caplan assures us that progressives have the easy painless cure for unemployment, but somehow, due the pernicious influence of cruel heartless free marketers who just do not care about the unemployed, the government is just too right wing to apply the magic.

The magic cure is, of course, to print more money. If it has not worked yet, obviously that proves we have not printed enough. Whosoever doubts this obviously does not care about the unemployed as deeply as Bryan Caplan cares.

Every time Keynesianism fails, they say is evidence it was not done hard enough.

In Japan, they decided that this time they really would do it hard enough.  And it worked.

Rapid inflation ensued.  Employment and production did not. (more…)

Charting bitcoin, it looks good, if you are inclined to gamble on charts.  The recent collapse from two hundred dollars tested support at the hundred dollar mark, found plenty of support around there.  By and large, it is a good idea to buy at major support levels, since a speculative property is a lot more likely to go up than to break through the support level.   If it did not penetrate the support level for very long during the panic, likely will not do so now.

But I am an intrinsic value investor.  What is the intrinsic value of Bitcoin? (more…)

A major part of Kermit Gosnell’s business was late term abortions.  The usual way to do a late term abortion is to induce childbirth, and then, as the baby’s head comes down the tubes, jab a steel straw into its head and suck out its brains with a powerful vacuum.  This collapses the head, making the rest of the birth easy.  However, because Gosnell was doing an abortion mill, doing as many abortions as possible as cheaply as possible with the least possible skilled labor, he generally left his patients unattended, so they would frequently pop out a living, healthy, screaming baby before Gosnell got around to looking in on them.  So instead of killing the baby five minutes before birth, he would kill the baby five minutes after birth. There is much shock and horror about this ten minute delay.

Notice I have categorized this post under economics, not politics. I am not among those horridly outraged by this ten minute delay. (more…)

I regard myself as a libertarian and anarcho capitalist, but I see all these Libertarians who want the the government to import unlimited numbers of underclass people from Mexico to live on welfare and vote democrat.  They worry about the government intruding into people’s lives by not allowing gays to marry, and are entirely unworried about the government intruding into people’s lives to desecrate the sacrament of marriage, by forcing everyone to recognize gay marriage, despite the fact that those few gays that get married frequently do it to épater les bourgeois by having sex in public in a great big pile. (more…)