France’s best-known stock index, the CAC 40, is up 18 percent over the last twenty-five years. The S&P 500 is up 24 percent over the last two months. These numbers rate comment. For one, they vivify the stupidity of so-called “trade deficits” in the U.S. There’s no such thing, nor is there such thing as insufficient savings […]
France’s CAC 40: Nail In the ‘Fed-As-Market-Opium’ Narrative Read More »
Most – including the writer of this opinion piece – listen to music in the way they watch football. They don’t hear the important, truly cerebral things in music in much the same way that they don’t see the truly important, cerebral things in football. Listening to the Beach Boys, it was easy to
Adam Smith Would Have Appreciated Brian Wilson Read More »
Cato Institute co-founder Ed Crane has always been of the view that “democracy” must be extraordinarily limited. It should be a device for removing highly objectionable people from national offices like that of the President, but not much more. As Crane explained it long ago in Forbes, Americans should go to bed early on election night.
Book Review: Shadi Hamid’s ‘The Problem of Democracy’ Read More »
Lots of people think Vladimir Putin is a detestable human being, but not all who disdain Putin think the U.S. should side with Ukraine in its war with Putin’s Russia. Sen. Lindsey Graham plainly dislikes Putin while also believing deeply in Ukraine’s war. Too bad Graham’s legislation meant to protect Ukraine would mark the
Rand Paul Is Trying to Save the U.S., Ukraine, and the World from Lindsey Graham Read More »
The New York Times reported last week that Legend Biotech has developed a potential cure for the incurable and brutally painful disease known as multiple myeloma. It raises a question: would readers accept tariffs on Legend’s drugs if the corporation weren’t based in Somerset, NJ? Clown question. Cancer in its various forms takes the
Would You Cheer for Tariffs on Sure-Fire Cancer Cures? Read More »
Maya MacGuineas has been crying wolf for years, and likely decades. She’s always been wrong not because she’s evil, or because she isn’t bright, but because she focuses on nominally large debt numbers rather than the real crisis. More on the real crisis in a bit. For now, it will be said that government
Why the Self-Proclaimed Deficit ‘Hawks’ Have Always Been Wrong Read More »
Amid the worst stretch of the global political panic over the coronavirus, the U.N.’s World Food Program estimated that 285 million of the world’s poorest were on a rapid path to starvation. To even partially vivify the previous truth, white flags were increasingly visible in El Salvador’s mass of hovels; the white flags a
Congress Contemplates What Might Be the World’s Cruelest Tax Read More »
Former Nebraska Sen. Ben Sasse writes that “the nation’s top private universities remain delusional about the dozens of reasons a large and growing share of the public distrusts them.” What’s mildly funny about this is that as is the case with so many prominent conservatives, Sasse is a graduate of one of those private
Harvard Is Fine, the Problem Is the ’60 Second Harvard Men’ Read More »
Regarding the makeup of Harvard’s student body, President Trump thinks 15 percent is a more advisable number than 25 when it comes to international students. Quite reasonably Trump’s critics, and surely many who are fans of Trump, are astounded by his conceit. How could the President effectively plan Harvard’s student body? Also, since foreign
What’s Harder? Planning Rates, or Harvard’s Class Of 2029? Read More »
The rain was heavy for parts of last weekend in the Washington, D.C. area. Seeing it coming down in sheets, it got me thinking about how people used to live. How awful it must have been in the days of primitive construction. Everything must have always been damp, moldy, buggy, and surely worse than
Book Review: Phil Gramm & Donald Boudreaux’s ‘The Triumph of Economic Freedom’ Read More »
