“I’m way too smart for Barack Obama, and I was way too smart for George W. Bush.” Those were the words of Houston businessman Ron Farmer in February of 2009. Keep the time when Farmer said what he said top of mind. There’s meaning to it. Farmer’s joyfully cocky answer was in response to […]
Trump and Harris Should Have Downcast Americans Cheering Read More »
Whether it’s actual inflation, or the kind of “inflation” that only economists and their media enablers tend to imagine it to be, a consensus invariably emerges that the Federal Reserve must “raise interest rates” to rein in the lending that has allegedly caused inflation. Translated, price controls from the Federal Reserve to supposedly bring
Banks Wouldn’t Cause Inflation, Not Could They Ever Cause It Read More »
Back in the 1980s and 1990s, and likely before that, the University of Southern California (USC) had the reputation of a “safety school.” The biggest challenge to what some referred to as the University of Spoiled Children was the nosebleed tuition, not attaining the proverbial fat envelope. Fast forward to the present, and USC
So-Called ‘Grade Inflation’ Is Another Bullish Sign of Progress Read More »
In a recent article published in the Wall Street Journal, it was reported that credit-card giant Visa offered Costco a rather princely, anti-competitive deal in 2014. At least that’s the impression conveyed by the aforementioned article. Please read on. At the time of Visa’s bid, American Express was the only credit card Costco customers could use if
Visa Isn’t Anti-Competitive, It’s Everywhere You Want It To Be Read More »
Humans don’t take wealth, they create it. And they create it by virtue of dividing up work with other humans and machines. It’s called specialization, and it’s the root of productivity. These truisms are frequently ignored thanks to economists, and prominent sources of news that shed their common sense when they’re being instructed by
No, Washington Post, Going To War Isn’t a Growth Strategy Read More »
It was recently revealed that lefty economist Robert Reich is not – gasp – an economist. It turns out he’s just a left-wing lawyer. The joke is on those who think Reich’s lack of a PhD is the source of what some deem ignorance. In truth, some of the most economically ignorant individuals on
The U.S., IMF and Greg Ip Get Into a Fight With Basic Economics Read More »
“Do you honestly think you’re going to replace this?” The previous question should be printed and framed in poster-sized fashion at the Department of Justice’s (DOJ) antitrust trust division. The question itself was actually posed to Kimbal Musk, brother of Elon, back in the early days of the internet. The president of the Toronto Star was
The DOJ’s Antitrust Attacks on Visa Dig a Bigger Hole for Antitrust Read More »
Gold is referred to as a constant for good reason. It’s price doesn’t move. What moves are the currencies in which it’s priced. Which is a reminder that when the price of gold in dollars declines, that’s the sign of a rising dollar. Conversely, when the price of gold rises, that’s the sign of
With Gold Rising, It’s Time for Trump/Harris To Be Presidential Read More »
Honore de Balzac observed in seemingly acidic fashion that “Behind every great fortune there is a crime.” Eventually FDR latched onto Balzac’s nonsensical notion, and now it seems to be gaining currency among neo-Austrians. Austrian School economist Peter St. Onge is disappointly one of those. In a Twitter post, St. Onge asserted that “Federal spending, open borders,
Who Needs Balzac When We Have the Austrians? Read More »
Credit cards are used by billions of consumers at billions of businesses precisely because buyer and seller alike gain so much from their existence. Consumers can purchase what they want when they want it, and businesses can concentrate on getting customers what they want when they want it, all while outsourcing the financial aspects
What Do the Illini Gain With IL’s Attacks on Credit Cards? Read More »
