Who are you going to believe, Warren Buffett and his $167 billion or the rabid critics of banks operating as banks, and who believe banks operating as banks are relentlessly multiplying away the value of the dollar.
Warren Buffett’s $167B Mocks the Laughable ‘Money Multiplier’ Theory Read More »
No one chooses to be an entrepreneur, instead entrepreneurial activity is an expression of disdain for how things are done. If innovation were a choice, none would pursue it given the extremely low odds of altering the course of business.
A Review of John Mackey’s ‘The Whole Story’ Read More »
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.
The Operation Warp Speed Story Worsens By the Day Read More »
When Masterpiece Cake Shop chose not to bake a cake for a same-sex wedding on moral grounds, conservatives rightly defended the right of a business owner to refuse the business. Puzzling now is that Republican politicians are and have been harassing financial institutions in Texas for them allegedly passing on financing fossil fuel extraction and gunmakers.
Masterpiece Cake Shop From Right As Texas Pols Attack Banks Read More »
The simple truth is that genius is rarely transferable, and the fact that it isn’t can almost certainly be found in TikTok’s resistance to a sale.
TikTok Without ByteDance Is Like Belichick Without Brady Read More »
“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 ‘limited government’ conservatives promise their flock small government via expanded government.
GOP Promises ‘Limited Government’ Via Big Government Read More »
Freddie Mac quietly seeks approval from the Federal Housing Finance Agency (FHFA) to back second mortgages. If approval is granted, the U.S. economy will suffer.
The Swagger of Freddie Mac Is Not Its Own. Keep It Out of 2nd Mortgages Read More »
“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 There’s No Place Like Space: All About Our Solar System.
The Theory of Global Warming Versus the Rhymes of Dr. Seuss Read More »
Fewer dollars will stretch much further in the future at the same time that the interaction of old people with retirement will change profoundly. More and more will choose work. This truth can similarly be found in nominally low savings for the future.
A Lack of Savings Is the Surest Sign There’s No Retirement Crisis Read More »
Bernanke’s belief that the Fed’s efforts to foster fake Treasury yields, fake equity and corporate bond prices, more housing consumption, and a weaker dollar are remarkable not just for how much his alleged cures are/were at odds with growth, but because the vast majority of his fellow economists think him wise.
Every So Often Ben Bernanke Reminds Us Why Economists Are So Dangerous Read More »
