John Tamny

John Tamny is Founder and President of the Parkview Institute, editor of RealClearMarkets, senior fellow at the Market Institute, and Senior Economic Adviser to mutual fund firm Applied Finance Group. Tamny is the author of eight books. His latest is The Deficit Delusion: Why Everything Left, Right and Supply-Side Tell You About the National Debt Is Wrong. His others are Bringing Adam Smith Into the American Home: A Case Against Home Ownership, The Money Confusion, When Politicians Panicked: The New Coronavirus, Expert Opinion, and a Tragic Lapse of Reason, Popular Economics, Who Needs the Fed?, The End of Work, and They're Both Wrong: A Policy Guide for America's Frustrated Independent Thinkers.

Newsom, Pritzker and High Tax Blue States Offer Red States a Huge Gift

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Government spending saps economic growth, which is no insight. Instead, it’s just a comment that the centralized and politicized allocation of goods, services and labor in sub-optimal fashion by politicians lays a wet blanket on economic growth. What makes the economically enervating nature of government spending worth mentioning is the ongoing debate about state […]

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Trump Cannot Quiet Reality, Neither Can the Federal Reserve

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President Trump recently warned Walmart to not raise prices in response to his imposition of tariffs. Economists and pundits reacted to Trump’s warning with a mix of horror and haughty disdain. With good reason. Mindless as tariffs are, the foolishness of tariff imposition is magnified when the individual behind the implementation demands that prices

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Where the Chinese People Are Studying, China Won’t Be Invading

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Taiwan Semiconductor founder Morris Chang is known to be skeptical about the TSMC plant in Arizona. Not only will it be incredibly challenging to reproduce stateside what TSMC has in Taiwan, Chang questions the geopolitical worth of diversifying production. To understand why, stop and consider the exacting, staggeringly sophisticated nature of TSMC’s operations in

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Book Review: Stephen Witt’s ‘The Thinking Machine’

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The world becomes more amazing by the day. The surest evidence of the previous assertion is that wealth inequality continues to soar. Yes, you read that right. Inequality is a wonderful thing opposite the apologetic tone about it taken by left and right. Members of the left plainly disdain it, while members of the

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Opposite Peter Orszag and His Opposites, Government Spending Doesn’t Cause Inflation

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Do you prefer to lend to those who will pay you back? No need to answer. As repeated with great regularity in my upcoming book, The Deficit Delusion, money is ruthless. It must be since the genius of compounding is so substantial. The truth about money speaks to how backwards the dollar, inflation, and government

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Talk of a Biden ‘Cover-Up’ Is Performative Nonsense From Both Sides

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Quick, how many right-wing or populist MAGA types got their news from CNN during the Biden administration? Tick tock, tick tock? Quick, how many left-wing or Biden types got their news from Fox News during the Biden administration? Tick tock, tick tock. Both questions rate asking as self-regarding left wingers self-flagellate about how they

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There’s No Such Thing As ‘Exorbitant Privilege,’ There’s Just Production

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Debt is an effect of wealth, not desperation. That’s true for individuals and corporations, but also governments. The power of compounding vivifies this truth, and explains why Apple has lots of debt but the corner store doesn’t, and the U.S. has tens of trillions of debt, but Haiti next to nothing. The Washington Post’s

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If They Know Why Treasury Yields Are Rising, Then They Don’t

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Everyone’s got an answer for why Treasury yields have jumped recently. Yet no one knows why. Crucially, they don’t know why precisely because they think they have an answer for the movements of the most information-pregnant income streams in the world. Please read on. Let’s start with the obvious: all known information is already

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More ‘Cheating’ On Schoolwork Is a Feature of AI, Not a Bug

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The more that kids can cheat thanks to AI advances, the better education will become. Yes, you read that right. No need to read it again. AI-enabled cheating on homework, term papers and tests will vastly improve education.  Consider the world outside of school to understand why. People used to know how to milk

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