In Men at Work, George Will observed that “The history of baseball is littered with stories of failures by players who thought that their natural physical endowments would be sufficient.” The previous assertion was what made Will’s book such a fascinating read. It never occurred to me that the most interesting aspects of baseball were […]
Book Review: Michael Arkush’s Excellent “The Golf 100” Read More »
People in Texas pay taxes too. So do workers in Florida, Tennessee and other states that don’t impose an income tax. This has seemingly been forgotten in the ongoing debate about state and local taxes (SALT), and the deduction of those payments against federal taxes paid. It’s a reminder that when the Tax Cuts
SALT Shrinkage Is Bad for Red State Taxpayers Too Read More »
Meta used to be Facebook. Why state the obvious? The answer is that what’s obvious very much calls into question the FTC’s antitrust case against Meta, the corporation formerly known as Facebook. Ok, but why the name change? Kodak is still Kodak, U.S. Steel is still U.S. Steel, and in a sense RCA is
Facebook Is Powerful Evidence That Meta Is Not a Monopoly Read More »
“Rising yields on the back of the U.S. credit downgrade is indicative of what will occur if Washington does not curb its appetite for unsustainable spending and low taxes.” Those are the words of RSM’s Joe Brusuelas. That he’s chief economist for RSM is excess, and can be seen in his analysis of the national debt.
What Market Signals Can Teach the National Debt Alarmists Read More »
Low and falling birthrates are not an economic threat. Not remotely. The latter is not a Malthusian or Paul Ehrlich-ian statement as much as it’s a statement about production. The babies being born today will grow up and individually produce at levels that would have literally required thousands, and realistically tens of thousands of
Low Birthrates Are a Market Signal of a Rich, Rich Future Read More »
Inflation is not rising prices. Deflation is not falling prices. The more production expands across a rising number of hands and machines, the lower the price. And vice versa. The Apple iPhone is an effect of production on six different continents. Boeing jets are an effect of millions of different parts around the world.
Donald Trump Vs. Joe Biden: Who Was Better On Inflation? Read More »
Immigrants are almost monolithically poor, but they have the mindset of a rich person. That’s why they’re immigrants. They want better, and will do what it takes to get better. What’s written above can be found within the Albanians in Greece. They used to be so poor. Which is a statement of the obvious.
Albania, Greece, and the Rich Person Mindset of Immigrants Read More »
It’s so easy to forget that Congress taxes us not so that it can stare at our money, but to spend it. Which means every dollar Congress extracts in taxes is an extra dollar of control politicians have over the economy. It’s something to think about as President Trump threatens to repeal Harvard’s tax-exempt
A Tax on Harvard and Harvard Professors Is a Tax on You Read More »
“We wouldn’t be where we are without Mike.” The Mike referenced was the one and only Michael Milken, but what was said about Milken could have realistically been said by countless people. Such was the reach of Milken. While entrepreneurs and CEOs get rich by democratizing access to formerly out-of-reach goods and services, Milken
Book Review: Butch Meily’s “From Manilla to Wall Street” Read More »
Reps. Nick LaLota, Andrew Garbarino, Elise Stefanik, and Michael Lawler, four House Republicans, are holding up the extension of the 2017 Tax Cuts and Jobs Act (TCJA). Good for them. To understand why, it must be remembered that the 400 richest U.S. taxpayers pay more in federal taxes than the bottom 70 percent of
Cheer the Four New York Republicans Engineering a Massive Tax Cut Read More »
