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Jul 26, 2024
Benefits for Starbucks employees include 100% payment of college tuition and fees, health insurance, and surely other perks not mentioned here. Starbucks corporate and its...
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Jul 25, 2024
Shein is a Singapore-based clothier that makes clothes in just-in-time fashion as a way of it relentlessly trying to mirror the needs and styles of its users. While future brides...
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Jul 25, 2024
The Association of American Railroads reports that the first inter-city railroad was the 13-mile Baltimore and Ohio, finished in 1830. Notable about the completion of this then...
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Jul 24, 2024
A certain sign of country prosperity is the ubiquity of foreign goods and businesses in that country. Markets are wise, and it’s in the countries where foreign producers are...
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Jul 23, 2024
When Sunday began, donors were closing their checkbooks to President Biden. This is notable simply because the major Democratic Party donors are rich.
Except that rich people...
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Jul 22, 2024
A falling dollar is a tax on investment that mutes the discovery of the future as a consequence.
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Jul 20, 2024
It’s accepted wisdom that in the matchup of Donald Trump vs. Joe Biden, voters despise their options. Supposedly Trump is the only individual Biden could beat, and supposedly...
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Jul 19, 2024
There’s a myth that just won’t die about fast-food chains going out of their way to underpay their employees. In reality, and as is the case with all industry...
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Jul 18, 2024
“What is harmful or disastrous to an individual must be equally harmful to the collection of individuals that make up a nation.” – Henry...
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Jul 17, 2024
Up front, thank goodness the shooter missed, that Donald Trump turned at just the right time, or both. As some reading this remember well, or have come to know through their reading,...
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Jul 16, 2024
“We are not going to allow big banks to discriminate based on someone’s political or religious beliefs.” Those words come to us from Florida Gov. Ron DeSantis, amid...
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Jul 15, 2024
Here lies the error, one of many, in using market prices as a proxy for what is always and everywhere a currency phenomenon.
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Jul 13, 2024
Policy experts need to cease shouting at Argentinean president Javier Milei to “dollarize.” He can do no such thing. Milei can only get government out of the way so that...
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Jul 12, 2024
The people are enduring triple digit heat in Karachi. A not insignificant number of them are dying in what is Pakistan’s largest city.
That Pakistanis are suffering horrific...
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Jul 11, 2024
“He’s a savant. That’s the only way I can say it.” That’s how Tee Martin, quarterbacks coach for the Baltimore Ravens, described Ravens’...
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Jul 10, 2024
Policy types are invariably looking into the past, and their tendency to do this is rooted in a wildly flawed conceit that they’re smarter than the markets. They're not. They...
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Jul 9, 2024
The envious in our midst routinely spill a lot of ink and angst about “hidden wealth.” Their view is that global tax havens and other so-called “tax...
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Jul 8, 2024
The higher prices that followed Covid precisely make Biden’s case. Biden’s problem is that he doesn’t know how to make it. Neither do his advisers.
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Jul 6, 2024
Leading up to the recent NBA Draft, it was reported that some of the smart money in the betting markets had Bronny James, son of LeBron, being picked #1. The reason this was news...
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Jul 5, 2024
In his excellent 2022 book Unreasonable Hospitality, restaurateur Will Guidara recalled his extraordinary attention to detail while operating Eleven Madison Park on its path to best...
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Jul 4, 2024
“I probably would have hit 40 each year.” Those are the words of the late, great Willie Mays. He was talking about the 80 home runs he believed he would have hit if...
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Jul 3, 2024
During the graduation season that just passed, a sign at a nearby gas station flashed a message on its digital screen for graduating high school seniors: “Make Good...
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Jul 2, 2024
It cannot be stressed enough that the corporation as a taxpaying entity is a fiction. And the previous assertion should in no way be construed as a suggestion that corporations pay...
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Jul 1, 2024
Demand and supply mirror each other such that there could never be too much demand or supply, and by extension, neither have anything to do with inflation.
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Jun 28, 2024
In his memoir Setting the Table, restaurateur Danny Meyer recalls telling friends in the 1980s that he was leaving his high-paying job for restaurant work. Those he told would shift...
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Jun 27, 2024
Well, you could see this one coming from miles away... What’s that? Nobel economists using the GOP’s new definition of “inflation” to critique Donald...
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Jun 26, 2024
Economists are naturally fearful of ill economic feelings. That is so because they’re near monolithically Keynesian, or what they imagine Keynes to have been. According to...
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Jun 25, 2024
The division of labor is the greatest friend of the worker that mankind has ever known. Nothing else comes close. Extra people or machines don’t ever take jobs from humans as...
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Jun 24, 2024
The classical thinkers would reject what is, and always has been, facile.
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Jun 22, 2024
Do you know those people who refuse to tip with anything but cash? They'll do anything to keep money from government, to the point of being annoying. Count yours truly as one of...
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Jun 21, 2024
Thank goodness for Bret Stephens. Think about it. While most who lean right protest left-leaning views about economic policy far from those who create it and support it, Stephens...
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Jun 20, 2024
Mother bears are well known to attack and kill on site any other living creature that comes near their cubs. Protection of the babies is seared in the mother bear’s DNA it...
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Jun 19, 2024
In Harrison Smith’s excellent Washington Post obituary for Dallas Cowboys great Larry Allen, he noted that when Allen was inducted into the Cowboys Ring of Honor, his...
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Jun 18, 2024
We learn by doing. No doubt we attend college and major in whatever discipline we think we might be interested in, but dynamic economies in no way wait for academics to catch up with...
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Jun 17, 2024
It's as though the 2017 Tax Cuts and Jobs Act was designed by Democrats.
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Jun 15, 2024
“Tech is maximally tolerant of any personality if you’re delivering.” Those are the words of Alex Karp, CEO of Palantir Technologies. And they speak to a beautiful...
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Jun 14, 2024
It’s too easily ignored that macroeconomics is a myth, a false notion presuming that what we call an “economy” is a living, breathing, tangible blob. In reality, an...
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Jun 13, 2024
Those who tout credit cards over debit cards claim usage of the latter is tantamount to giving away one’s money. Conversely, charge cards offer cash-back plans, airline miles,...
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Jun 13, 2024
Banks are in the business of competing for savings. They “rent” savings in order to carefully lend those savings out. Simple truths like this are sometimes easily...
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Jun 12, 2024
Last month it was reported (yet again) that Social Security will run out of money in 2035. And as is frequently the case with news items like this, pundit-class alarmists spilled all...
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Jun 11, 2024
The cancellation of Jennifer Lopez’s “troubled summer tour” has generated lots of media coverage. Concert-venue screenshots have made their way around social media...
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Jun 10, 2024
The miracle is that the price of a Big Mac isn't much higher.
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Jun 8, 2024
It’s better when companies are public. When they are, management is the recipient of minute by minute, hour by hour opinion from the knowledge-pregnant marketplace. Call share...
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Jun 7, 2024
The late Robert Novak’s 2013 memoir The Prince of Darkness was endlessly interesting, but also tiring in an odd way. Seemingly every day he went to Duke Ziebert’s for...
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Jun 6, 2024
It’s easily forgotten that around the turn of the century, Palm’s valuation was greater than that of Amazon, Apple and Nvidia combined. To which more than a few readers...
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Jun 5, 2024
Let’s imagine for fun you the reader approaching an investor or lender about a business concept the fruits of which will generate proceeds that merely pay back what the...
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Jun 4, 2024
“I needed cash…I spent most of every day thinking about liquidity, talking about liquidity, looking to the heavens and pleading for liquidity. My kingdom for...
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Jun 3, 2024
What an odd solution, empowering the central planning of one of the most important prices in the world as a way to bring down prices. Economists never disappoint.
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Jun 1, 2024
In his 2001 book The Elusive Quest for Growth, former World Bank officer William Easterly showed readers what a billion Argetine pesos in the 1950s had shrunk to by the 1990s. What...
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May 31, 2024
An old friend from college is part of a family that until recently owned a very large retail operation with stores throughout the Midwest. A few years ago the family sold the...
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May 30, 2024
It was in 2009 that Uber began serving customers in San Francisco. To show what low odds Uber and its early investors placed on its survival, in 2011 the then-nascent ride-hailing...
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May 29, 2024
Why do retailers accept credit cards and debit cards? It’s sad such a facile question requires asking, but at a time when fees associated with credit and debit usage are being...
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May 28, 2024
American Institute for Economic Research (AIER) senior research fellow Paul Mueller writes with AIER research fellow Thomas Savidge that “Pulling money from asset managers who...
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May 27, 2024
Drowning in theories that don't stand up to reality.
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May 25, 2024
“Some monopolies are just so entrenched, and some problems so difficult to address, that they require decisive and effective solutions.” Those are the words of Jonathan...
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May 24, 2024
Go to any library anywhere in the United States and you’ll almost invariably be able to find picture books, along with framed pictures on the walls of how things used to be in...
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May 23, 2024
What happens to “demand” if a billionaire lives in austere fashion? The answer is that thrift doesn’t shrink demand one iota. The same applies if a machine produces...
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May 22, 2024
Pretty In Pink was released on February 28, 1986. The John Hughes film about high school and teen angst included one of the first film-based hints of the technological future that...
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May 22, 2024
“Banks should act like banks, not like political activists that are hostile to our state, our citizens, and our economy.” Those are the words of Ken Paxton, the attorney...
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May 21, 2024
“Do you honestly think you’re going to replace this?” “This” was a thick phone book, or “Yellow Pages”, which on its own requires...
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May 20, 2024
If you’re laughing at Jared Bernstein you’re likely the butt of the joke yourself.
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May 18, 2024
A simple search on Google indicates that Warren Buffett’s Berkshire Hathaway has roughly $167 billion in cash or cash equivalents.
That one of the world’s foremost...
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May 17, 2024
It’s always amusing to hear about college students majoring in “entrepreneurialism,” or better yet, individuals who express a plan to be an entrepreneur....
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May 16, 2024
The federal government should never have funded Operation Warp Speed, the 2020 central plan quarterbacked by the Trump administration to rush a coronavirus-vaccine to the people....
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May 15, 2024
How quickly opinions change. The Masterpiece Cake Shop comes to mind. Not terribly long ago the owners of the Lakewood, CO small business were asked to bake a cake for a same-sex...
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May 15, 2024
They say that the NFL is the ultimate copycat league. No doubt that’s true. What’s successful is invariably imitated.
One of the most frequent ways in which copycatting...
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May 14, 2024
Economists incorrectly believe consumption powers economic growth. Actually, consumption is a consequence of economic growth. To believe consumption powers growth is the equivalent...
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May 13, 2024
“It became necessary to destroy the town in order to save it.” The previous quote, perhaps apocryphal, relates to a battle over Ben Tre in Vietnam. It comes to mind as...
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May 13, 2024
To say economists disappoint surely flatters them.
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May 11, 2024
“How big is the sun? We just heard right this minute a million of our earths could all fit right in it.” Those words can be found in Dr. Seuss children’s book...
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May 10, 2024
If you’re looking for negative commentary about your retirement prospects, you don’t need to look far, or dig too deeply. Predictions of desperation for the elderly of...
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May 9, 2024
There’s a question I’ve always wanted to ask musicians, famous ones like Paul McCartney in particular: When in the car, do they listen to their own songs when they come...
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May 9, 2024
Back in the 1990s and 2000s Amazon’s valuation continued to rise despite quarter after quarter of losses. The answer to this seeming oddity was that investors were looking into...
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May 8, 2024
“I’ve been reading these cover to cover since the 1960s.” So said foreign policy eminence and novelist Mark Helprin in his interview with the great Barton Swaim in...
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May 7, 2024
Mike Ditka grew up in Aliquippa, PA, a town most famous for high school football and J & L Steel. Ditka’s father worked J&L’s mills as did seemingly the majority...
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May 7, 2024
After a couple of subpar seasons in the 1980s, the late and legendary Washington Huskies football coach Don James instructed his assistants to bring their own stopwatches on...
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May 6, 2024
All high prices are transitory.
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May 4, 2024
Ken Auletta long ago described New York City as “the final test” for the ambitious. More famously, Frank Sinatra sang about New York that “if I can make it there, I...
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May 3, 2024
Responding back in 2022 to Meta’s planned acquisition of virtual reality start-up Within, FTC Chair Lina Khan stepped in to block the purchase since it would allegedly bring...
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May 2, 2024
Looks can be deceiving. Don’t judge a book by its cover. The grass isn’t always greener. Insert your line here for responses to the presumption that someone has it...
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May 1, 2024
“As soon as you stop attacking the oil and gas industry and as soon as you stop pushing a political agenda with our pension funds we are happy to do business with...
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May 1, 2024
Stop and think for a moment what your living standards would resemble if you had to build the house you live in, grow and raise the food you eat, sew the clothes you wear, and cut...
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Apr 30, 2024
A report in Saturday’s Wall Street Journal indicated that “Former Trump administration officials” have been discussing “a range of proposals,” including...
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Apr 29, 2024
The “general price level” is always flat.
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Apr 26, 2024
In his 2006 book Who Really Cares, Arthur Brooks wrote of how the late Robert Byrd’s generosity with the money of others could be found all over the state of West Virginia....
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Apr 25, 2024
Legendary and visionary retailer Sam Walton not only had a private airplane in the early days of Walmart, he also piloted it to Walmart stores throughout the south. On those trips,...
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Apr 24, 2024
Decades ago national security eminence Dick Allen asked Ronald Reagan what the strategy was for the Cold War. Reagan boldly responded “We win. They lose.”
Reagan’s...
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Apr 23, 2024
The Pete G. Peterson Foundation is running billboard ads in Washington, D.C. about - you guessed it - the federal debt. The ads read something like this: Each Day It Costs a Billion...
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Apr 23, 2024
Let the flow of people and corporations decide the good, bad or in between of employment contracts.
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Apr 22, 2024
The fallacious notions that inform economics as practiced by leading economists of the various religions can be found in the bark stripped from the argeli shrub in Nepal.
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Apr 20, 2024
Randolph Bourne famously said that “war is the health of the state.” A corollary to Bourne long written here is that “crises” are the state’s...
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Apr 19, 2024
"The single most significant, inter-galactic, extra-celestial, interplanetary, and spiritual force behind the global stock market rally is the decline of inflation to rates not seen...
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Apr 18, 2024
In his excellent new memoir, Never Say You Had a Lucky Life (review coming soon), Joseph Epstein writes of a Harvard economics professor by the name of Alexander Gerschenkron who...
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Apr 17, 2024
Technology giant Nvidia opened its doors in 1993, and publicly floated its shares in 1999. Did you purchase on IPO day, or in 2020? Perhaps early 2023?
Readers know the answer to...
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Apr 16, 2024
Walter Wriston long ago observed that capital goes where it’s treated well. Wriston would no doubt have admitted, were he still alive, that he was stating the obvious. Capital...
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Apr 15, 2024
A definition of inflation that loudly suggests markets are stupid. They're not.
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Apr 13, 2024
What work would you do if money were no object? It’s a question we’ve all asked ourselves, and it’s surely a question some are asking now.
It’s interesting to...
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Apr 12, 2024
People who graduated from the University of Texas at Austin in the early 1990s all have a variation of the same story: they know someone or they were that someone who quit a job at...
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Apr 11, 2024
In addition to my sister Kim, I dedicated my 2019 book, They’re Both Wrong: A Policy Guide For Independent Thinkers, to the “alarmists of the dominant ideologies.”...
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Apr 10, 2024
Critics of Social Security, and there’s much to criticize, use the lack of a “lock box” or actual “trust fund” to make their emotional cases for the...
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Apr 9, 2024
More than most federal agencies today, the FTC embodies the old notion of a bureaucracy in search of a purpose. Precisely because the rather open U.S. economy is defined by...
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Apr 8, 2024
To bring the Fed into a discussion of the dollar is just odd.
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Apr 6, 2024
“Success in music requires discipline, dedication, and a lifelong commitment to learning and self-improvement.” Those are the words of the late and legendary pianist Van...
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Apr 5, 2024
A 2017 report on India in the New York Times indicated that 564 million of its citizens lack toilets, indoor or outdoor. What a tragedy. Only it gets worse.
Women in the country are...
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Apr 4, 2024
The federal government is the biggest buyer in the world. Stop and think about that.
To the vast majority of economists, the federal government’s gargantuan buying footprint is...
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Apr 3, 2024
Once past the embarrassment that the U.S. political class is so fearful of TikTok, and once past the shame that the political class would express its TikTok fears through brazen...
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Apr 2, 2024
“To be clear, that bank executives might have turned a blind eye to Trump’s fraud does not necessarily mean there were no victims. Giving Trump financial products he...
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Apr 1, 2024
If you’re talking about so-called “money supply” you’re guilty of obnoxious conceit on par with Soviet Five Year Plans.
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Mar 30, 2024
The 4-Day Workweek is on the way. It won’t become a thing because of legislation, but paradoxically because Americans are more in love with their work than ever.
What’s...
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Mar 29, 2024
Mick Mulvaney is disappointed with “everybody who gets elected” because they’re not like – you guessed it - Mick Mulvaney.
So, what is Mick Mulvaney like?...
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Mar 28, 2024
“Right off the lobby, to get to your class, I’d set up a system of tubes made of glass. You hop in a pod, press the number, then ZOOM! In under ten seconds, you’re...
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Mar 27, 2024
TikTok beat the competition, yet its owners are supposed to sell their creation to those they beat?
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Mar 27, 2024
Economist Ike Brannon talks of a stretch in the 1980s when he worked as a professor down in Peru. Snack giant Nestle had a substantial business there by Peruvian standards, only for...
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Mar 26, 2024
On March 25, 2020 Congress passed the $2.9 trillion CARES Act. It was a wrongheaded, but all-too-typical response from Congress to the immense damage (tens of millions unemployed,...
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Mar 25, 2024
To pretend that central banks are necessary to instigate or restrain inflation is to dream in non sequiturs.
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Mar 23, 2024
School drop-off isn’t a commonly mentioned market signal, but it’s arguably a relevant one. It’s not nothing that fathers are more and more the ones dropping kids...
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Mar 22, 2024
Does Chris Kempczinski want the U.S. to go war with China? It’s easy to answer for the McDonald’s CEO that he hopes for peaceful relations now, and well into the future....
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Mar 21, 2024
The brackets for the NCAA tournament were released on Sunday. About them, how many college basketball games did you watch this season?
UConn is billed as the prohibitive favorite to...
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Mar 20, 2024
The worst arguments against the lockdowns inspired by the coronavirus were medical and statistical. To see why, it’s worth remembering that as humans we’ve evolved to...
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Mar 19, 2024
“Well, you don’t see that every day.” Those were the opening words of an editorial about TikTok in the Wall Street Journal....
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Mar 18, 2024
Central banks have no resources, and surely cannot buy the debt of the government that created them.
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Mar 16, 2024
Ahead of takeoff on a recent flight, I overheard a nearby passenger telling his child “make good decisions today.” What great advice. Right to the point. Good decisions...
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Mar 15, 2024
Imagine a world defined by largely autarkic cities, states and countries. In such a world, wildly primitive living conditions and immense poverty would be the sad norm.
That it would...
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Mar 14, 2024
As TikTok-banning conservatives reveal just how situational their belief in limited government is, some are hiding behind Vladimir Lenin to justify their apostasy. Lenin famously...
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Mar 13, 2024
Paraphrasing my RealClear colleague Joe Calhoun, you can’t invest like everyone else and expect to outperform. Bill Ackman’s billionaire status at such a young age...
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Mar 12, 2024
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." – Ben Franklin
As of May of 2020, more than 40 million...
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Mar 11, 2024
Since when does monetary and fiscal intervention boost economic growth?
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Mar 9, 2024
The Washington Examiner’s excellent Conn Carroll is the latest, but surely not the last, to gloss over the crucial truth that the only “closed economy” is the world...
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Mar 8, 2024
“China has enjoyed miraculous economic expansion for the last few decades.” Vox’s Nicole Narea wrote the latter for a piece in which she decried China’s lack...
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Mar 7, 2024
Apple recently announced that it would shutter a division within the company that aimed to mass-produce automobiles. Underlying the initiative was the belief that automobiles are but...
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Mar 7, 2024
Nike signed Colin Kaepernick to a major endorsement deal in 2018. As readers doubtless remember, the combination of the former NFL star with the one of the world’s foremost...
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Mar 6, 2024
It wasn’t too long ago that Great Britain could claim no British-owned automakers of note. Was this a signal of the disappearance of auto manufacturing in the country that gave...
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Mar 6, 2024
Everyone says they love low rates of interest, but do they really? Logic says no.
Think about it. And in thinking about it, imagine if the Fed could actually decree credit costless...
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Mar 5, 2024
U.S. stock markets are not reliant on Federal Reserve rate cuts for their vitality. Repeat the previous truth over and over again for now, while forever marveling that such a fatuous...
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Mar 4, 2024
You quite simply cannot recreate a miracle of intricate cooperation on a global scale within a week, months, or years.
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Mar 2, 2024
“The doctrine of noblesse oblige became discredited, dismissed as corrupt and ‘elitist.’” Lance Morrow wrote the latter in the Wall Street Journal last Friday...
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Mar 1, 2024
I’ve only gone hunting once, but what a revelation it was. Hunters are the personification of careful around guns.
So fearful was I of getting gun etiquette wrong on my lone...
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Feb 29, 2024
Nowadays the vast majority of companies that defined the internet boom of the late 20th/early 21st century are gone, but not the fruits of this powerful jump into a better...
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Feb 28, 2024
“President Reagan cut taxes and deficits soared.” Those are the words of Washington Post columnist Megan McArdle. Decades after Reagan was served as president, his tax...
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Feb 28, 2024
“Politicians in both parties broadly agree that a handful of tech companies hold too much power.” Those are the words of former U.S. attorney general, William P. Barr,...
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Feb 27, 2024
Years ago I asked Ed Crane about an upcoming Olympic Games, and he expressed indifference. While he’s a big sports fan, Crane is not a big fan of the Olympics. His reasoning...
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Feb 27, 2024
“No matter your business, you cannot stay still for any length of time or your competitors will scratch and claw all over you.” Those are the words of Home Depot...
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Feb 26, 2024
The last way any sentient being would ever fight higher prices is with fewer workers.
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Feb 24, 2024
July Shelton was nominated for a position at the Federal Reserve on July 2, 2019. That Democrats were opposed to Donald Trump’s Fed nominee was a given. What’s more...
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Feb 23, 2024
Paraphrasing George Orwell, some things are so foolish only an economist could believe them. Which quickly brings us to Lael Brainard, director of the Biden administration’s...
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Feb 22, 2024
In an old South Park episode, the very un-PC creators laid out what girls should look for in a boyfriend. One “tell” that signaled for girls to move on was the...
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Feb 21, 2024
In the 1960s, millions swam across the Sham Chun River that separates Hong Kong from Shenzhen on China’s mainland. It’s a waste of words to say where the millions were...
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Feb 20, 2024
When he returned home from a visit to the Soviet Union in 1981, Cato Institute co-founder Ed Crane wrote a classic essay (Fear and Loathing In the Soviet Union) in which he called...
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Feb 19, 2024
Resources go to where they're treated well, and without regard to what central bankers do.
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Feb 17, 2024
With his eponymous company, Henry Ford aimed to produce cars for the “multitude.” And so he did. It’s almost a waste of words to write about how he did it, but the...
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Feb 16, 2024
New York Knicks owner James Dolan is the money behind the $2.3 billion marvel in Las Vegas known as Sphere. It’s worth reading again that James Dolan, arguably one of the most...
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Feb 15, 2024
Compound interest or compound returns are fascinating. If you’re reading this, you don’t need to be told why. Time combined with money put to work can and does result in...
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Feb 14, 2024
Javier Milei’s stature among free thinkers is presently substantial. His recent speech at the World Economic Forum shows why. How rare for a country’s leader to so...
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Feb 13, 2024
Economies aren’t blobs or machines that occasionally pull over to dollar “filling stations.” In reality, economies are just individuals interconnected with...
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Feb 12, 2024
While accepting yet another award in 2010, Bruce Springsteen brought his mother Adele up on stage, along with sisters Dora and Eda. As he explained it, “They put the rock...
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Feb 12, 2024
The bitter fruits of unexpected events can’t be regulated or voted away.
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Feb 10, 2024
As a high school freshman I mentioned with awe to classmate Nick Shectman that a student at my previous school (Steve Garvin) understood computers better than did the computer...
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Feb 9, 2024
Napoleon “did not realize until it was too late that the only closed political economy is the world economy. Britain could not be starved into submission by blockade...
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Feb 8, 2024
In 2020, and after eleven seasons on air, ABC ran the last episode of mega-hit Modern Family. A newspaper account indicated that Modern Family was realistically the last show of its...
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Feb 7, 2024
If individuals comprise the U.S. economy, and they do, how could the U.S. have a trade “deficit”? It’s a useful question when it’s remembered that as far as...
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Feb 7, 2024
According to U.S. Census Bureau data, from 2017 to 2021 1 out of 5 new arrivals to Phoenix came from California. No doubt all sorts of factors inform a move, housing prices most...
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Feb 6, 2024
An enduring monetary myth is that Germany was awash in marks amid the “money printing” extravaganza that took place after World War I. A perhaps apocryphal story of a...
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Feb 6, 2024
Mytheresa is an online retailer of luxury items. The Wall Street Journal recently wrote reported on its lavish events thrown for its most frequent buyers in the U.S. Mytheresa gives...
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Feb 5, 2024
Abnormal for 20 years has been the Fed and its blind stabs at central planning. So wrong for so long, yet the U.S. economy continues to grow. Yes, the Fed is irrelevant.
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Feb 3, 2024
Were the Beatles better musicians and singers than songwriters? It’s a question worth asking. As in could they have produced even more hits if they’d left the songwriting...
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Feb 2, 2024
School drop-off in modern times is a bit of a marvel. To a substantial degree, parents from the 20th century wouldn’t recognize it. Think about it. So many fathers leaving...
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Feb 1, 2024
Economists, pundits, and politicians would write and say much wiser things if they would take a few minutes and consider the trajectory of California’s richest companies. Think...
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Jan 31, 2024
Prices are the way that a market economy organizes itself. It’s too easily forgotten, but it’s through naturally arrived at prices that providers of goods and services...
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Jan 30, 2024
Seemingly lost on the myriad deficit hawks in our midst is that the extraction of wealth from the economy is the true governmental sin, and also the crisis. Whether the extraction is...
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Jan 29, 2024
Economies gain strength from periods of weakness, so do stock markets.
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Jan 27, 2024
“He’s a savant. That’s the only way I can say it.” Those are the words of Tee Martin, quarterbacks coach for the Baltimore Ravens, from an interview with...
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Jan 26, 2024
A headline earlier in the week indicated that the searching-for-a-purpose EU governing body would attempt to block Amazon’s purchase of iRobot. It would seem the EU is trying...
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Jan 25, 2024
It was in 2018 that the business media began seriously picking up on the massive business being created by Kylie Jenner. We should excuse the journalists. Figure that Jenner had...
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Jan 24, 2024
Have you ever heard of a city, state or country that’s thriving by virtue of being economically stuck in the past? Neither have I.
It’s something to think about as...
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Jan 24, 2024
“I could buy whatever I want, an iPhone and a computer, AirPods and a Barbie Dreamhouse. A real Barbie Dreamhouse that’s big and has walls. It would be in Paris because...
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Jan 23, 2024
In speeches given to rapt audiences over the decades, Cato Institute distinguished senior fellow Jose Pinera has talked about the exciting implications of his time as Minister of...
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Jan 22, 2024
To focus on the Fed when it comes to prices is to engage in obnoxious non sequitur.
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Jan 20, 2024
The 20th century called and it wants the word crisis back, the first half of the 20th century in particular. Back then crises were truly terrifying. Think two world wars...
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Jan 19, 2024
Up front, I’m strongly of the view that “crypto” or “private money” will soon enough replace the dollar, euro, yuan, pound, Swiss franc, and any other...
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Jan 18, 2024
In the classic Fyodor Dostoevsky novel Crime and Punishment, Rodion Romanych Raskolnikov commits the murders that shape the book in the midst of a sweltering St. Petersburg...
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Jan 17, 2024
Reader A finished Fyodor Dostoevsky’s Crime and Punishment last night, while Reader B completed Llama Llama Learns to Swim. Did Reader A and B do the same thing?...
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Jan 17, 2024
Every so often a video of Milton Friedman on the Phil Donahue Show goes viral. In it, the late Friedman reminds Donahue that even though “greed” has been abolished in the...
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Jan 16, 2024
Imagine if Jeff Bezos had been born in 1864 instead of 1964. What a tragedy for Americans if so, and realistically for humankind.
If born 100 years earlier there’s no debating...
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Jan 15, 2024
The 1970s inflation was true inflation, a currency devaluation that Arthur Burns passionately opposed.
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Jan 13, 2024
Back in 2012 a very good and entertaining writer submitted his weekly column to me. He was very specific about neither the title nor the next being edited, as his stated goal was to...
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Jan 12, 2024
It’s been said about Bernard Madoff that he wanted to be caught. That knowledge of the extent of his crimes was its own burden, one relieved by those same crimes being exposed....
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Jan 11, 2024
Professor Ellison has been called before the administrators at his Los Angeles-area prestige university. He’s offended yet another easily offended student. Ellison asks why...
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Jan 10, 2024
Billionaire investor and entrepreneur Ken Fisher routinely reminds people that if they’re aware of a looming crisis or calamity, that they should forget about it and move on....
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Jan 9, 2024
Ahead of the 2016 presidential vote, it was popular on the left and right to respectively say that if Donald Trump or Hillary Clinton won the election, the U.S. was finished as a...
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Jan 8, 2024
The Fed is powerless when it comes restraining the flow of resources to their highest purpose.
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Jan 6, 2024
There’s that saying that individuals shouldn’t stand in the way when the enemy is hanging himself. What’s true for individuals is arguably true in a commercial...
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Jan 5, 2024
At present, oil extraction in the United States sits at record levels of roughly 13.2 million barrels per day. No wonder oil is so expensive.
Wait, what’s that you say? U.S....
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Jan 4, 2024
In a recent Family Guy episode, Meg Griffin is told by her psychiatrist that he only accepts crypto as payment. Meg’s virtual wallet is populated by Bitcoin, Doge, Ethereum and...
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Jan 3, 2024
The story keeps writing itself. In 2018 I published a book titled The End of Work. Sadly, my working and more appropriate title (The End of Laziness) was nixed by the publisher....
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Jan 2, 2024
Considering New York City, it’s no reach to suggest that apartment rents are one of the biggest concerns for voters there. That's no insight. The world’s most talented...