…though I’m not sure those are the three takeaways I would have attributed to our book. (Plus I would have given myself 5 stars.)
I don’t like the collar. There is no way the tips are gonna be covered by the jacket – hate that…
nice ears, though!
Gotta problem with sticking-out ears?
Speaking of Shameless Self-Promotion, if anyone is interested in computer simulation, emergent order and evolution, I’ve been knocking something together, by all means tell me what you really think…
Do I get away with being quite this shameless? I can offer Murphy a generous fraction of the proceeds I get out of visitors to my site. Delete the comment if I’m being too brash.
Is the a computational evolution type crowd? Hard to pigeonhole the people round here.
Just from a cursory glance, it appears that your spent a great deal of time on that. Since I respect you on an intellectual level, I will most certainly take a little time to see what exactly you have put together (i.e. it has been saved to my “data” folder for further perusal).
Regardless of your big, floppy ears, I still like ya’.
Hopefully he won’t criticize the illustrations in “Lessons for the Young Economist”…
To save everyone the time, here’s how privatized banking (a la Murphy/Lara/Nash) works:
“Hey, man, do you want to Fight The Power? Here’s how: put every spare cent you earn into a (tax-advantaged) whole life policy that guarantees growing wealth … um, at least as expressed in terms of the ultra-stable, non-devaluing US dollar. Because the WL policy will allow you to accumulate wealth (as measured in US dollars) much more reliably than the alternatives.
“It does this by the subversive strategy of investing in ultra-long-term fixed-income securities issued by only the biggest and most government-entangled borrowers! Yeah! They totally didn’t count on us putting all our money in fixed-3%-nominal-ROR long-term government bonds, thus slowly bringing the parasites in Washington to their knees!
“With this brilliant, subversive portfolio, you can also enjoy such amazing personal financial benefits as … the ability to borrow from your own savings nearly interest free and without a credit check! No longer do you have to suffer the indignity of nosy bankers when you want to spend money in your savings … you just make a call (or click or whatever) and they will actually give your money back to you! Can hotshots like Vanguard and ING promise that? I don’t think so!”
(Did I pile it on thick enough? )
Not nearly enough, I fear.
Fair enough Silas, just don’t come crawling to me when you need a personal loan.
‘Whole Life Insurance’ seems to be quite a touchy subject. LOL
Just kidding guys, totally buy his book.
You don’t even need to buy it. The pdf is at the link on the left. Save your money to buy some more Treasuries. (See what I did there?)
Haha, That was fantastic!
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