Beware the Compassion Industrial Complex

prisoner2

Financial columnist Barry Rithotlz authored a great tongue-in-cheek column in Friday’s Washington Post on how to ruin your financial life. If you faithfully adhere to his bizarro-world “guidelines” over your lifetime, you will likely die miserable and broke. The only “guideline” I have a problem with, though, is the one regarding our country’s safety net … [Read more…]

Government Sucks – A Series

Danger2

One part of me really appreciates government. Without government, it would be impossible to justly restrain our wolfen nature (due process for the accused doesn’t happen naturally), and it would be difficult if not impossible to provide a number of vital goods and services (roads, courts, environmental regulations, and national defense don’t happen naturally). And … [Read more…]

Uber: The Undocumented Cab Company

rule_of_law

Today I came across an article that didn’t have a warm and fuzzy feeling for Uber. Here’s the title of the article. The threat Uber poses to competition and productive capitalism How does Uber pose a threat to competition in the cab industry? What competition was there in the cab industry before Uber and Lyft came … [Read more…]

Lending Club and Risk Taking

RockClimber2

A few months back I came across a company called the Lending Club. And from what I read, it struck me as having a very intriguing business model. Here’s how the Lending Club works. Potential borrowers with relatively small loan requirements join the Lending Club (average loan size is $14,553). The Lending Club determines the … [Read more…]

Hillary Clinton: Archconservative

Hilary2

I’m sure Hillary Clinton sees herself as a champion of progressivism, someone who will gladly take on any vested interest that stands athwart the needs and aspirations of the great unwashed, the 99 percent. But is Mrs. Clinton really a progressive? Here is Mrs. Clinton’s plan to help those struggling with the cost of higher … [Read more…]