Randoms

Movies for reactionaries

The guy who wrote Is Marriage for White People is guest-blogging at Volokh.

Mainstream economics is totally crazy. Try reading this and arguing that macro-economics has advanced in last 300 years. It basically all comes down to this:

What we’d really like is to find an exogenous event that doesn’t kill anyone.

In other words, they don’t know shit. Think about how much money were wasting because they don’t just admit this.

I’ve written about divorce for tax arbitrage, but here’s divorce for pension arbitrage.

Headline of the day: "How Much Money Will Fannie And Freddie Get From Banks For Crappy Mortgages, Use To Make Further Crappy Mortgages?"

The problem with poor people is that they do stupid things:

But turn that around and what do you get? A fairly simple recipe for staying in the middle class: Go to college, get married, stay married, steer clear of hard drugs.

Do those simple things and the odds are on your side. The keys to a financially successful life seem to be family, education, sobriety. Seems boring and obvious, doesn’t it?

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5 Responses to Randoms

  1. Alrenous says:

    Or:
    If you find a married, educated, sober poor person, it might be worth tossing them a few bucks. If they can tell you what trap they need it to get out of – so you can tell the difference between success and failure.

  2. Jehu says:

    In recent years, it has been hard to find nondysfunctional poverty in the US. Church groups and the like tend to adopt families like that (who genuinely just need a little help and encouragement and will be back to ok after they get it). The more common dysfunctional poverty is a lot harder for outside elements to help. As the recession/depression deepens, that may well change. A lot of our social network programs were laid out when nondysfunctional poverty was the norm and dysfunction the exception.

  3. Gian says:

    “stay married”

    Do middle class people stay married?
    Is it known that the middle class divorce
    rate is significantly lower than that of poor?

    Also the college advice is simplistic.Shouldn’t it depend upon what you do and study in college?

  4. Bill says:

    A fairly simple recipe for staying in the middle class: Go to college, get married, stay married, steer clear of hard drugs.

    This is a sick joke. Most people are too dumb to complete college or to make sensible occupational choices. Most people are too dumb to figure out, in their twenties, all by themselves, who is a good marriage partner for them. Most people are too dumb to figure out how to make a marriage work.

    All those restrictive norms which used to govern these things were there to help morons, i.e. most people, so that they don’t have to figure these things out. In our current social state which largely lacks these norms, the things they are talking about are just proxies for intelligence, conscientiousness, etc.

    Unrelatedly, I have not spent significant time at Volokh in years. That post and that comment thread are really something. It’s remarkable how difficult it has become for me to tell libertarians from other types of leftists.

  5. Steve Johnson says:

    “In other words, they don’t know shit. Think about how much money were wasting because they don’t just admit this.”

    This is backwards – economists don’t know shit specifically so government can waste money.

    80 years ago economists knew more than they do now. (That doesn’t mean that 80 year old economics is all there is to know). What they did know was that wasting money paying off dependents isn’t a great idea unless you are one of the dependents or are one of the people buying loyalty. This wouldn’t do and in classic “when decisions are made based on academic conclusions you change the academic conclusions to fit the need to expand government dependency” mode a new form of economics arose that, even if it wasn’t right, everyone agreed with. This economics says that spending money creating dependents is a great idea!

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