As parents, we all know how annoying it is to have our parenting judged by others. Much worse, those doing the judging do so without clear knowledge of what is led to the parenting situation they so haughtily judge. It is useful to contemplate parental “Karens” as Alabama SB 187, the “App Store Accountability […]
Why Would We Outsource Parenting to Pols? Read More »
“DOJ Urges Federal Judge To Break Google’s Search Grip.” How interesting it would be to focus group the previous headline to a broad swath of the American people, young ones in particular. That is so because in urging U.S. District Judge Amit Metha to allegedly “Break Google’s Search Grip,” we’re witnessing DOJ lawyer David
The Headlines Alone Reveal the DOJ’s Weak Case Against Google Read More »
The future will be defined by economic growth that will make the present appear limp by comparison. Driverless cars will loom large precisely because they’ll free humans from so much work. It’s what we’re not doing that powers us forward, not what we’re doing. And to be a passenger in a Waymo-equipped car is
The Profound and Compounding Growth Implications of Waymo Read More »
Prices are what organize the market economy, which means prices are a crucial form of communication that governments should never, ever meddle with. Too bad Milton Friedman’s monetarism continues to shrink the discussion of what’s 3rd grade (money), but at the same time thank goodness the only closed economy is the world economy such that the Fed
Paul Volcker Never Was Because Monetarism Never Will Be Read More »
While there’s no evidence that Albert Einstein uttered the quip long associated with him about compound returns as the “8th Wonder of the World,” it’s not unreasonable to imagine the genius wit saying something just like that. When it comes to savings, compounding has wondrous qualities that become magical over time. That’s why the patient investor can
When Buy-and-Hold Results In Capital Gains Taxes on Retirement Read More »
“Will Andersen’s father looked at a golf course and thought it should be a farm. Will looked at a farm and thought it should be a golf course.” That’s how the Wall Street Journal’s Ben Cohen described what became Landmand Golf Club in Homer, Nebraska. Presently one of the most sought-after tee times in the world, it wasn’t terribly long
They Can’t Steal Your Ideas Because They Can’t Steal Your Mind Read More »
When Facebook purchased Instagram for $1 billion in 2012, the deal wasn’t seen as obvious or a slam dunk… for Facebook. Which is a statement of the obvious, one abundantly proven by modern estimates that place Instagram’s standalone value at something north of $100 billion. Which brings us to another statement of the obvious,
A Weak Market for ‘Unicorns’ Muscularly Supports Meta Over the FTC Read More »
“I have such easy access to my fans and customers.” Those are the words of Kylie Jenner, from a 2018 Forbes profile. Jenner was on the path to billionaire status, but in many ways the billionaire part was the least interesting aspect of her ascent. Much more interesting was that Jenner had built her eponymous cosmetics
Book Review: Diane Coyle’s ‘The Measure of Progress’ Read More »
The EU is presently trying to limit a prominent source of income for Meta. The biggest victims will be European businesses. The EU wants to force Meta to provide Facebook and Instagram to users for free, even if they choose to navigate both without ads. Translated, the EU’s actions amount to a price control.
European Businesses Will Be Hurt the Most By the EU’s Attacks on Meta Read More »
With its antitrust lawsuit against Meta, the FTC’s goal is to force the sale of WhatsApp and Instagram, Meta’s up-to-now most successful acquisitions. Wise minds inside the Trump administration will hopefully choose to drop a suit first introduced during by a Biden administration reflexively disdainful of big. While the economic boom of the 1980s
With Its Antitrust Suit Against Meta, the FTC Brings Back the 1970s Read More »
