Socialist investing

Dan Solin points out that it's more profitable to invest in socialist countries:

According to one report, for the 39 years ending December 31, 2008, the annualized stock returns of "socialist" countries (like Norway, Denmark, Hong Kong, Sweden and France), exceeded the stock returns of the U.S. Unlike the U.S., these countries aggressively curtailed economic freedom. It appears there is an inverse relationship between higher returns and economic freedom. It is also difficult to conclude that government intervention in private industry is a precursor to lower returns.

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Conservative Fantasy Role Playing

I wonder sometimes how a modern conservative maintains. Romney has won the New Hampshire primary.  All the buzz now is how he’s going to have a much tougher fight in South Carolina, primarily because of the religious and social conservatives who will see him as “not conservative enough.”  There is a consortium of social conservatives meeting this week in Texas to discuss ways to stop him, to elevate someone more to their liking to the nomination.  And right there I have to wonder at what it means anymore to be a conservative. I grew up, probably as many people my age did, thinking of conservatism as essentially penurious and a bit militaristic.  Stodgy, stuffy, proper.  But mainly pennypinching.  A tendency to not do something rather than go forward with something that might not be a sure thing. I suppose some of the social aspect was there, too, but in politics that didn’t seem important.  I came of age with an idea of fiscal conservatism as the primary trait. That doesn’t square with the recent past.  The current GOP—say since Ronny Reagan came to power—has been anything but fiscally conservative, although what they have spent money on has lent them an aura of responsible, hardnosed governance.   Mainly the military, but also subsidies for businesses.  But something has distorted them since 1981 and has turned them into bigger government spenders than the Democrats ever were.  (This is not open to dispute, at least not when broken down by administrations.  Republican presidents have overseen massive increases in the deficit as opposed to Democratic administrations that have as often overseen sizable decreases in the deficit, even to the point of balancing the federal budget.  You may interpret or spin this any way you like, but voting trends seem to support that the choices Republican presidents have made in this regard have been supported by Republican congressmen even after said presidents have left office.) [More . . . ]

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Imagine a family running its budget like the federal government

What good can one say about a family that, year after year, pays for 43% of its budget with borrowed money? Here's a simple and shocking way of comparing the federal budget with a family budget. Many more facts and figures about the United States debt here.

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Why our electronic gadgets are so cheap.

Have you ever wondered how it is that our electronic gadgets, including iPhones are so cheap? According to Business Insider, it's because "they are built using labor practices that would be illegal in this country — because people in this country consider those practices grossly unfair." This story includes many details regarding the working conditions of the Chinese workers who make many of the gadgets that Americans consume.

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