Source: Facebook

  • WORTH AND TRUST? The title is a charmer and a bit misleading. But the net is, th

    http://econlog.econlib.org/archives/2012/09/net_worth_makes.html#.UFvkMMUvnW0.facebookNET WORTH AND TRUST?

    The title is a charmer and a bit misleading. But the net is, that there are a lot fewer wealthy people walking around today.


    Source date (UTC): 2012-09-20 23:52:00 UTC

  • it into the middle class

    http://economix.blogs.nytimes.com/2012/09/20/who-makes-it-into-the-middle-class/Making it into the middle class.


    Source date (UTC): 2012-09-20 23:30:00 UTC

  • TESTOSTERONE Never had my levels checked before. Turns out my ex was right. Absu

    TESTOSTERONE

    Never had my levels checked before. Turns out my ex was right. Absurdly high lol. I mean. Close to having the opposite problem. Near the upper limit. Wonder what it was when I was 19… No wonder.

    Vitamin D is a serious problem though. Is that the cause of my energy problem? I mean I basically don’t have any. Wtf?

    Is it the synthroid?


    Source date (UTC): 2012-09-19 20:29:00 UTC

  • INTELLIGENCE Practicable Intelligence is comprised of four different factors: 1)

    INTELLIGENCE

    Practicable Intelligence is comprised of four different factors:

    1) General intelligence. Which we usually aggregate under the measurement of IQ. This is the ability to identify and make use of abstractions in real time. Given enough time, random trial and error can solve any problem. Intelligence reduces the time necessary to identify a causal relation.

    2) Short Term Memory. As a rule of thumb, a concept of any complexity can be ‘experienced’ and therefore understood, if it can be constructed from a combination of memories and stimuli within a two to three second window. Short term memory. Short term memory facilitates this process so that the association engine (intuition) can be steered toward desired ends, until enough of a construct can be created to facilitate the formation of a new idea. Einstein was being serious when he said that he had just thought about the problem longer than anyone else. (this is my particular weakness)

    3) General knowledge. The more you have, the more likely it is that a pattern that you encounter will exist in your memory rather than require pure association from your brain. General knowledge must be separated into explicit versus tacit forms, and into true (correspondence with reality) and false (failure to correspond to reality) categories. Long term memory, and the ability to access it, is necessary for the accumulation of general knowledge, and the ability to retain that knowledge by forming associations that give access to that knowledge from multiple avenues.

    4) Desires and Beliefs. If you believe or desire something that does not or cannot correspond to reality, then this In my experience intelligence comes from wanting to know the answer to a problem, rather than wanting an outcome and seeking an answer suit it.

    While intelligence can be limited by any one of these factors, most correctable human intellectual failure comes not from general intelligence, a lack of short term memory, or an absence of general knowledge. But from beliefs and desires, usually instinctual, or sentimental, that do not correspond with the reality of life in a division of knowledge and labor, whose information system is the abstraction of prices, where social cues are often contrary to price information.

    The human senses are available to almost all of us. They are easily access without rational criticism. But they tell us very little about which actions we should take. That information comes from the purely abstract information of prices. And we cannot access the content of prices without rational criticism, the institution of property which allows us to plan using prices, and a significant effort expended in planning, forgoing sensory experiences, and expending effort on the promise of reward in the future.

    In our homes, pubs, coffee houses, churches, and jobs we can rely on our senses. In the market we cannot. We can only hope that by submersion in a culture within the market that our senses adapt to the patterns that emerge from the market, expressed in the behavior of others who do understand that market, and by doing so, obtain by imitation and empathy that which we cannot obtain by abstract reason and the information supplied by prices.

    For this reason, one need not be possessed of extraordinary cognitive power, short term memory, general knowledge, or even rational wants and beliefs. One only need experience and imitate the patterns of behavior of others within that market who are successful within it.

    In simple terms, this means, that traditions, morals, ethics, and habits in a homogenous society can compensate for an unequal distribution of intelligence and impulsivity.


    Source date (UTC): 2012-09-19 18:34:00 UTC

  • I LOVE LIBERTARIANS Really. I mean. They’re interesting. And they aren’t interes

    I LOVE LIBERTARIANS

    Really. I mean. They’re interesting. And they aren’t interesting at someone else’s expense.

    Libertarians and progressives are closer than libertarians and conservatives. Both are more attracted to new experiences. But libertarians desire experiences that they can create voluntarily. Liberals desire experiences whether obtained voluntarily or not. The difference between these world views is caused by the difference in false consensus bias. Libertarians don’t make that error. Progressives are defined by it.


    Source date (UTC): 2012-09-19 15:26:00 UTC

  • ICED TEA SECURITY Backpack. Heavy laptop lock. Cable from laptop, through backpa

    ICED TEA SECURITY

    Backpack. Heavy laptop lock. Cable from laptop, through backpack, to immovable object.

    Ability to run to the restroom in coffee houses without having to find someone seemingly trustworthy to watch your gear: Priceless.

    ( This is serious. No, really. )


    Source date (UTC): 2012-09-19 15:07:00 UTC

  • GENIUS: THE STATE’S MEANS OF GAINING SUPPORT (from Stephan Kinsella)

    http://www.stephankinsella.com/2010/02/swinkels-and-hoppe-on-the-tacit-support-of-the-state/HOPPE’S GENIUS: THE STATE’S MEANS OF GAINING SUPPORT

    (from Stephan Kinsella)


    Source date (UTC): 2012-09-19 12:35:00 UTC

  • ON NONSENSE “Some people think that nonsense is too silly to answer. But not ans

    ON NONSENSE

    “Some people think that nonsense is too silly to answer. But not answering it can just allow nonsense to prevail.”

    — Thomas Sowell

    (Thanks to Greg Ransom)


    Source date (UTC): 2012-09-19 12:18:00 UTC

  • Untitled

    http://www.capitalismv3.com/2012/09/19/krugman-straw-man-of-the-day-iphone-5-shows-we-are-all-keynesians/


    Source date (UTC): 2012-09-19 12:14:00 UTC

  • ENTREPRENEURSHIP Money itself gains one status. And money is made by providing o

    ENTREPRENEURSHIP

    Money itself gains one status. And money is made by providing others something that they desire, and will pay for. Too many aspiring entrepreneurs look for opportunities that are fashionable and from which they can obtain status directly from the association with the endeavor, rather than possession of wealth.

    So while opportunities lay about on the ground ready for anyone to pick up, most people search endlessly for some opportunity that inspires them, but that the market does not need because its in low demand, or is in over supply.

    I don’t care what business I am in as long as it’s not immoral in some way, and the people I would have to work with or employ are pleasant to spend time with. I literally tend to sieze what’s just in front of me, because I see the ground as absolutely littered with opportunities, all of which can be made into something with a little effort. And those opportunities either provide wealth in exchange for ones effort or they don’t. If they do, the wealth confers status, and freedom to do what one wants. And it is more likely that one will obtain wealth doing what others desire, than doing what one desires for its signaling benefits. It would not matter to me if I owned a commercial cleaning service, a garbage collection service, or any other common business, as long as it provided the returns that would allow me the freedom to enjoy what I wished.

    The market serves to provide us with wealth by serving others out of our own self interest. Prices ensure that we do not live illusions about what others desire, and how much tehy desire it. And the opportunities for entrepreneurship are everywhere.

    I’m not surprised at how many people who have worked for me have gone off to create new businesses. It’s the kind of person I’m attracted to hiring. But I’m always impressed with their ideas and achievements. And I’m more impressed with the fact that they seem to be successful.

    Just in the last few years:

    – Live Area Labs (Creative – and good work as well)

    – Tier 3 (IT/Cloud)

    – Salient 6 (Tech Services)

    – A specialty legal services business (which is fascinating) that I won’t name.

    – A financial sector startup (which is really fascinating) that I won’t name.

    And that’s just off the top of my head. I should start collecting a list.

    It’s a beautiful thing. 🙂


    Source date (UTC): 2012-09-18 10:29:00 UTC