Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

stupidity

My Thoughts

Utopian Bureaucracy

Bureaucracy is basically a utopian experiment because its practitioners often disregard reality and human nature and expect unrealistic results. They seek to perfect society and humanity itself by setting up bureaucratic structures and imposing and enforcing rules. Examples of this paradigm include Prohibition, the War on Drugs, the Iraq War, The War on Poverty, foreign aid, regulation of business, deregulation of business, the War on Terror, nationalization of industries, denationalization of industries, colonialism, and the Soviet Union, among other stupidities.

Read More
Politics

Student Loan Debt a False Crisis that could easily be Solved

Since it is obvious that a large percentage of that student loan debt is probably uncollectable, allowing borrowers to get rid of it through bankruptcy would be the best solution. The problem is that colleges don’t want to do that because they don’t want to admit that their degrees are worthless.

Read More