“And it’s paid for by you. No billionaires will fund work like this because there’s no money in it. This is government-funded research to determine how the universe was created and whether we are alone in it. If NASA and JPL were not doing it, it would not be done.” As readers can likely […]
Sorry Dave Eggers, the Billionaires Pay for Nearly Everything Read More »
It was reported last week that Paul Pelosi, husband of former House Speaker Nancy, recently sold a sizable amount of Visa stock. Actually, it wasn’t that recent. July 1st to be exact. But since Pelosi’s sale preceded the September 24th announcement of the Department of Justice’s (DOJ) antitrust case against Visa, it got people
If Paul Pelosi Is Why Visa Angers You, You’re Missing the Point Read More »
Former Indiana Governor Mitch Daniels writes in the Washington Post about the coming “collapse of the U.S. public debt market and the dollar’s world reserve status.” Daniels believes that “It’s past time to prepare” for the “cataclysmic reckoning, including double-digit damage to Americans’ income growth” that lies ahead due to federal deficits and the national debt.
National Debt Has Mitch Daniels Scared, Perilously Distracted Read More »
Last week the New York Times reported on labor unrest among the musicians at the New York Philharmonic, America’s oldest orchestra. Currently paid $153,504 annually, the players were agitating for a raise. The desire for more money has become particularly pressing as members of the Boston, Chicago and Los Angeles orchestras recently secured annual salary raises
They’re Being Paid to Play Music. What a Beautiful World Read More »
The legendary Boeing 747 was a brilliant consequence of six million different parts produced by man and machine around the world. Absent this wildly sophisticated division of labor, 747s wouldn’t exist. Construction of them would be way too expensive. Which is the point. When people the world over are free to blend their remarkably
Joe Biden’s Protectionism Threatens Our National Security Read More »
It wasn’t long after Donald Trump’s recent proposal to reverse his $10,000 cap on the State and Local Tax deduction (otherwise known as SALT) that critics on his right flank criticized the move. Supposedly past deductibility existed as a subsidy of blue states by red states, plus return of the deduction would allow high-spending
Red Staters Should Love Trump’s Pro-Growth Revival of SALT Deduction Read More »
“We steadily began to realize the magnitude of the task ahead of us, not even in terms of financial resources, but just time and effort and coordination. The hour that we can save a day, it’s time that we can spend with the kids or to have a glass of wine together.” Those are
Millionaire Renters: Start of a Multi-Bracket Trend Read More »
According to a recently released report from the New York Fed, Americans collectively owe over $1.1 trillion on their credit cards. Reports like this have a tendency to elicit bad ideas from politicians. For instance, Donald Trump has called for federal caps on interest rates charged to those who run up credit-card debt. Except that readers
It’s Lost on Christopher Waller That Shareholders Require Returns Read More »
A famous libertarian economic thinker, and memory says it was the late Walter Williams, was once presented on a talk show with the idea of a higher minimum wage. The suggestion was something like $7.25/hour to $10. In a paraphrase of Williams, he quizzically asked, “Why are you being so stingy? Why not raise
Where’s Walter Williams As Fed ‘Cuts’ Rates 50 Basis Points? Read More »
Songwriter extraordinaire Burt Bacharach died in 2023 at the age of 94. In a recent New York Times interview of Herb Alpert, the musician extraordinaire looked back to 2021 when Bacharach called. He was going into the hospital to have fluid drained from his lungs, but in between shots and draining his plan was to study
As ‘Tough Jobs’ Multiply, Retirement Parties Will Vanish Read More »
