The left-leaning imagine against all reason that businesses are out to exploit workers with low wages. The right-leaning disagree with the left rhetorically, all the while making the left’s case for them.
“Cheap Labor” Is the Most Expensive Labor of All Read More »
According to Washington Post columnist Catherine Rampell, “The Chinese economy has hit a rough patch.” On their face, comments like these always rate a raised eyebrow: I can’t measure the economy of the street I live on, but Rampell feels comfortable commenting from New York City on the health of people in a vast country on the other side of the world. How does she know what she claims to know?
A Lesson From Hong Kong For Those Who Worry China Hides Bad News Read More »
In his memoirs about the remarkable rise of The Home Depot, the great Bernie Marcus oh-so-thankfully went against the grain of seemingly all modern thought in writing that “bankers put their careers on the line, and for that we protect them.” Amen.
Savers and Financiers Are the Economy’s Lifeblood, So Treat Them Well Read More »
To say that Harvard’s Jason Furman believes mass unemployment and bankruptcy is the answer to inflation is a waste of words.
Economists, and Their Comical Search For a Higher ‘Inflation Target’ Read More »
The birthrate alarmism that has infected the various economic religions won’t age well. Nothing against procreation, but lower birthrates don’t in any way signal country decline.
‘Low-Birthrate’ Pessimism Will Soon Embarrass the Pessimists Read More »
The story on Russia these days is that the economy is booming, with inflation breaking out as a consequence of all the government spending that is said to be stimulating the economy.
The Russians Have Stolen Our ‘Whip Inflation Now’ Buttons Read More »
President Biden’s recent move to ban U.S. investment in “sensitive” Chinese companies will not work. As is, U.S. investment funds all sorts of Chinese innovations despite all manner of rules in China that dis-allow foreign investment. Capital moves faster than government, obviously. Assuming Biden could ban U.S. investment into China, what a shame. When it comes to innovative companies, they generally get to choose their investors.
Biden’s Chinese Investment Crackdown Vandalizes Foreign and Economic Policy Read More »
Cato Institute co-founder Ed Crane and I have been discussing mark-to-market accounting for banks in the aftermath of SVB’s troubles. Crane is not seeking force on the matter, but does think mark-to-market would render bank balance sheets credible where they’re presently not. My response is that regardless of what banks do, investors strive to mark to market.
Mark-to-Market is Not as Simple For Banks as is Assumed Read More »
What machines and automated minds can do for us doesn’t replace us as much as it frees us to pursue all manner of new advances.
About the Future of AI, Dismiss the Pessimistic Creators of It Read More »
The simple truth is that if the Fed were as powerful as the various religions want it to be, the U.S. economy would always be in decline. Yield-curve obsession is powerful on the score of nothingness.
The Unbearable Nothingness of Yield Curve Inversion Read More »
