Panicky politicians caused the coronavirus crack-up, period. If not for their tragic inability to keep their cool, the coronavirus scare would have been anything but. To ignore the seminal role of politicians in the 2020-21 tragedy is to plant the seeds for a future crack-up. To which some will say the above analysis is […]
Forget Fauci, Forget China, Panicky Politicians Were the Covid Villains Read More »
Apple should be free to hire whomever it wants, and without regard to what its critics think. The previous assertion is about private property and freedom, but it’s worth adding that depending on the day, Apple is the most valuable company in the world. It’s something to keep in mind as the DEI police
Apple Should Be Free To Hire Whomever It Wants Read More »
A federal tax levied on a New York City resident is a tax on a Floridian. The previous truth is rarely discussed by economists and pundits focused on Floridians who’ve escaped blue state taxes, but it’s true nonetheless. To see why, stop and contemplate the national implications of taxes paid by private equity multi-billionaires
A Tax On Stephen Schwarzman Is a Tax On Us All Read More »
In 2020, West Virginia University president E. Gordon Gee memorably quipped to the New York Times that he wanted “to build a wall around West Virginia and keep all the kids here. A state can’t flourish that can’t keep its young people there.” Gee was and is so right. People are what drive prosperity. Call Artificial
AI Will Be An Artificial Wall Keeps Talent In West VA Read More »
The economic consensus of the moment is that higher prices are the same as inflation, and the Fed is the only governmental entity situated to bring down higher prices. It’s a dangerous consensus. Prices are how a market economy organizes itself. Forget for now that the Fed is not remotely capable of bending the
If Inflation Is Truly Higher Prices, Then the Fed Cannot Fight It Read More »
“He was just the waiter.” That’s what one of the owners of legendary New York steakhouse Peter Luger said about Wolfgang Zwiener. “All” he’d done over the decades was wait tables at Luger’s, and this ordinary former employee was in the process of opening his own, eponymous steakhouse to compete not just with Luger’s,
New Yorkers Are Too Talented To Be Restrained by Bad Policy Read More »
Whatever worries you about what’s going on in the world, stop. The advice is wise not because your fears aren’t potentially valid, but precisely because they’re potentially valid. If they are, rest easy that what keeps you up at night has already been priced. Take the present budget debate between the left and right.
Alarmists On the Left and Right Can Relax, Debt and Default Are Priced Read More »
It always interested Cato Institute co-founder Ed Crane that while left-handed writers represent roughly 11 percent of the population, something like 40 percent of Cato’s staff wrote left-handed. Crane’s conclusion from the statistical oddity was that the left-handed aren’t mirror images of majority. They see the world differently, and seemingly in a libertarian fashion.
Book Review: Philip Gefter’s Spectacular ‘Cocktails with George and Martha’ Read More »
“Carried interest” is extraordinarily misleading. It implies a fixed and very certain income stream in the way that interest bearing accounts at banks do. Which is the problem. Carried interest is the opposite of certain, and it’s not even income. It’s a share of the “profits” on an investment that is paid to the
‘Carried Interest’ Is the Opposite of Income, and Shouldn’t Be Taxed Like It Read More »
100% percent of any Department of Government Efficiency (DOGE) savings should be returned to taxpayers. This shouldn’t even be a debate, but sadly it will be since neither side of the ideological spectrum grasps why the federal government is so large, and why it can so easily borrow. For now, it’s useful to state the obvious: it’s not
Why Is Musk Being So Stingy? Return 100% of DOGE Savings Read More »
