Friday, April 17, 2015
Thursday, March 7, 2013
President Obama announced the creation of a Trade Enforcement Unit to investigate “unfair trade practices in countries like China,” where many American goods are manufactured. “We will not go back to an economy weakened by outsourcing.” - President Obama during State of the Union Address.
The President's 'feel-good' attempts at making our economy better are drastically lacking substance. I cringe when I hear him 'urge' colleges to make tuition more affordable; clearly he doesn't come close to understanding the market. The irony in the government trying to make anything more affordable (housing, Health Care, Education, ...) is the consistent inflation in those same markets caused by the government. In terms of outsourcing and competing with China there are only so many things that can be done - and we should end it there.
Trade tariffs are really the only tool against this - but at some point I think economically it makes more sense to give up.
If a country is willing to subsidize a product and keep their people in complete poverty to a level that even after a big tax still beats our prices, then I say move on, buy the product and forget about it.
Think about it - if China wants to sell their Hankook tires at a price far below American tires with similar quality by taxing their own people then you can't win that battle. Buy their tires or make advancements far beyond Chinese tires. Yes it can/will hurt American jobs at first, but the entire country will be able to afford better tires at a cheaper price. We'll get more jobs elsewhere and our standard of living will improve off their poverty. The cotton gin destroyed thousands of American jobs as well - but everyone could afford a shirt. Advancements play out to be a positive economic move.
There are many economic situations that there are not easy solutions; in fact I'd argue that we chase better solutions indefinitely (i.e. financial regulations). We need to stop spending so much time and effort on problems with no solutions. Financial regulation will never catch up to the market. Name a time when the regulations were ahead of the market. Solution: put people in jail that steal/commit fraud/etc... Don't bail those out that fail. Keep the playing field fair. Done - move on.
Wednesday, December 19, 2012
One of the best pulled off pranks (if-you-will) that I've seen. Well worth the watch. Derren Brown is a genius. To make someone believe the apocalypse is real and happening sounds far fetched - but watch and see.
Second and final part:
Thursday, March 1, 2012
We bailed out our defunct banks. We've even helped bail out Europe with our Fed. More people need to start standing up like the Irish Journalist. @vincentbrowne
Monday, February 27, 2012
John Stossel is at it again. Interesting show, especially the drug war piece on Portugal. Does he shine to much of a positive light on it? or is it basically true? How many gangs/violence would there be here if it were legal? Makes you wonder.
Wednesday, February 1, 2012
Is this the Camera that changes it all? One picture - as many focus points as you want. Lytro introduces a camera that will instantly make everyone that has it better at taking pictures; much better. Not just that - think about the potential uses as well - especially if/when it becomes available for video. Surveillance cameras will never miss a face again. The crazy zooming in on anything in a picture that you see in movies or CSI - and then managing to focus the object - is now real.
Monday, January 30, 2012
Thursday, January 26, 2012
XBMC is clearly the best option around for a media center. The interface is fantastic, there are multiple views and skins, the setup is easy, the add-ons work well, the filters and search options are great, and they keep improving it. The 360 media player is a joke compared to it. You can stream over nfs, samba, or even uPnP. Now that it can run on Raspberry Pi - people will be able to get the best setup for less than $35.