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Let's be clear here, I was once one of you. So when you trot out an index created by the Heritage Foundation which I know was specifically crafted by the country's leading conservative think tank to produce a result that supports their conservative worldview to support your conservative...

First off, it's great that you're agreeing that current GDP per capita is a valid way to judge the effectiveness of a political system in a jurisdiction. Not for nothing those states you listed with the worst GDP per capita, Arkansas, Mississippi and West Virginia, are some of the reddest states...

As I've said over and over, the new Senate Majority Leader is Chuck Schumer, one of the senators from New York. He knows who butters his bread, no way in the world this even gets by him let alone several other democrats who represent large constituencies that would be impacted by this.

How, exactly, would that happen? There has to be an existing law that allows a regulator to adjust or set a tax, regulators can't unilaterally impose a tax. Which law would allow for which regulator to do this to which existing tax?

Sure, I mean Germany and France and Norway and Sweden and Spain and Canada and.....well I could list nearly every first world country with programs and leaders you would almost certainly consider "socialist" if they were here in the U.S. and have been for decades now. Shockingly, they're all...

If you were around when Obama was elected you would have been saying the same thing. If you were around when Bill Clinton was elected, you would have been saying the same thing. If you had been in any of pretty much the rest of today's first world countries when they elected leaders you would...

It only works if every jurisdiction where trading takes place implements it at the same level at the same time. Otherwise everyone just shifts their trading to another jurisdiction or you have to enact somewhat draconian and hard/expensive to enforce laws to stop the movement. And some...

Get a grip man. I think an FTT is a horrible idea. But I know that 99.9% of the middle class and poor make fewer than a dozen stock trades a year. The FTTs that are being discussed would impact them to the tune of at most a few cents per year. There are good reasons to be against an FTT, but...

In his defense, from his other posts I can see he's new and eager to learn and might not have known what a prospectus was. Hopefully he doesn't become old and jaded like us after slogging through his first one:D

Well again I experienced first hand my loved ones literally in the hallway for a multi-day hospital stay because they were over capacity, so that was no myth in AZ at least. As I think I've mentioned before discussing this with you, we may be seeing vastly different realities which lead us to...

An entry level statistics class would provide you some great tools you'll be able to use for the rest of your life, highly recommended. Statistics isn't intuitive, and as it turns out your chance of dying in any one short drive is orders of magnitude less than your chances of dying from COVID as...

They do occasionally shut down. Some key concepts to get your head around on these are the fact that they track the inverse of the daily return, not the inverse of the index, and the concept of creation units. There is a document called a prospectus which is required to be published for every...

So you're missing a bunch of closing "?>" tags on your PHP script. That both ensures it won't work and makes it impossible for us to answer your question because we can't tell what it is supposed to do. You always need to have your PHP code sandwiched between a <?php and ?>. Anything outside...

Sorry I think you maybe suffering from a translation issue. Protecting only 20k euros worth of an account is pitifully little. SIPC protection in the U.S. is $500k, for example. So yes, 20k in "protection" is a joke. Using the definition of the word "joke" as "something not to be taken...

20K euros? Seriously? Is that supposed to be a joke?

Tom Woods, an activist libertarian with a history degree, versus the entire body of macro economic research. I'll go with the entire body of macro econ research, thanks. BTW, I did an international wire transfer literally yesterday. It cost me nothing because I have a bank that gives me my...

Below is a chart of the EUR/USD since the euro's inception. Amazingly the exchange rate is almost the same now as it was shortly after the Euro's inception more than 20 years ago. I could pull charts of most major currency pairs with the USD and you would see a similar up and down somewhat...

I'm gonna try to condense a whole chunk of a macro class to one thought experiment so bear with me here. Once there were 100 people in the world. Imagine that they found a substance, let's call it unobtainium or UO for short, of which there were exactly 10,000,000 units in the world but it could...

I can't help but notice you seem to accuse everyone who points out the fallacies in your posts of being drunk. Some serious projection going on there? Let me guess, I must be drunk as well for pointing that fact out?

Now you're talking legitimate macro econ. Stop confusing the rubes on this thread with actual intelligent discussion that requires a modicum of background in the subject, that's just not nice:D