Catching up with whereaminow. What a long, strange trip its been.
Four years ago I wrote my first blog for TMF, with the encougament of a fellow blogger and nothing else. Since that time, I've smashed every TMF record for recs/blog and became the influential blogger in the brief history of Motley Fool (my 2012 blog predicting the GOP nomination to a tee ended up being the most rec'd blog of the year). Many of you have openly wondered why I haven't parlayed this success into bigger and better things. I will address this and many other open items as I return for a lengthy segment titled "where are you now, whereaminow?"
Blogging Doesn't Pay
At least not enough to make me quit my day job. "smartmuffin" pegged it right a few blogs ago. I'm obsessed with opportunity costs. I'm a forward looking person. My current job, protecting a large financial instution from Internet-based attack, is a spectacular leap from my previous job. Alas, I'm not meant to be here. My next job, hopefuly one heavy on the "analysis side" and light on the "react side" is on the horizon. That's life in the IT field. Either you're growing or you're dying. Time servies elastic. And thou who wander with eyes shut become obselete.
What does that have to with blogging? Well, do you know how much writers get paid? I do. It's sh*t. I have a career. End of story. I wish all writers, including the dopey Statists at Motley Fool the best of luck. But I know your salary.. and it makes me cringe. And you haven't even written a poorly selling book yet.
Speaking of Motley Fool writers
So many libertarians, so little time. Many of you have noticed a decided libertarian shift at Motley Fool. At the worst, you may have noticed that the argument at TMF has resolved to liberals vs. libertarians. Conservatives... el no existo...
A lot of you know that my popularity derives from debunking the Statist propaganda ever-present on TMF. Whether it's Morgan Housel's constant plea that all we really need is yet another tax raise, Ilan Moskowhatever's never-ending defense of the bailouts he supported, or Alex Dumortier's endless tirades against the supposed gold bubble, Motley Fool seems to be stocked with mouth-pieces of the regime.
1. I think they went to public school.
2. You can't blame them for parroting the nonsense so many others believe.
A race of people becomes extinct from doing things smart people don't do. Writers like Morgan Housel, as fluent and engaging as he may be, are the dinosuars of Internet journalism. He, and most of the TMF staff, has betrothed Keynesian economics. That's a dead end proposition with no alimony. But it's all they know. Take them to task on logical deduction or axiomatic economic analysis and all you will hear is crickets. I know. I have tried.
At least TMF hasn't gone MMT
Unfortunately, just give it time. Anyone who has studied MMT learns the following:
1. In order to curry Internet favor, they claim to understand the "cool school" (Austrian economics)
2. They have no understanding of Austrian economics.
3. They claim government cannot ever default on its obligations.
4. They mention (in footnotes) that if government tried to meet all its obligations it would result in massive price inflaiton.
5. They claim that anyone who predicts massive price inflation (such as Austrians School economists) are lunatics.
6. They expect price inflation.
Amazing right? They openly admit that the government's current strategy will lead to price inflation (if you don't believe me, feel free to read Chapter 1 of Mosler's book Seven Deadly Frauds), and at the same time diss any economist (particularly Bob Murphy of the Austrian School) for predicting price inflation as the result of expanding the Federal Reserve balance sheet.
Hey, I hate anecdotals as much as the next guy, but I just got back from a California coast drive and when I returned to my quiet surfing town, burritos' were 20% more expensive. I guess I just had it coming.
But it's all good. A bunch of different econometric measurements of the price level say there is very little price inflation. I must be a wacko religious nutbag.
More to come on that.
The Racism of the Left
But the subject I really want to address right now is political. I have come to respect the redneck-RedState-conservative. After all. the six of them that are left arguing on the Internet are at least honest. However, the pseudo-intellectual-Blue-State-crying-over-Sandy-Houk-and-ignoring-Fanapt-Progressive-Intellectual really has me interested.
Do lives only matter when they're white? And local, perhaps? How many brown babies does Dear Leader have to kill before you're a racist for supporting him?
White Bourgeouis Liberals, I am talking to you. How many brown babies does Obama have to kill with drone strikes in Pakistan (we declared war?) before you raise your voice in protest?
The bottom line is that at least the Nascar, God-worshipping, rednecks are honest.
The white, liberal, bourgeouis, hybrid driving Progressives are intellecually dishonest racists that fiegn some moral authority as they try to dictate what you can own to protect yourself. That makes me sick.
Remembering the Trolls
I will return soon to touch on many topics, including the glorious trolls who tried to take me down. Bottom line. I'm the best. Ain't no one better.
David in Liberty