Everyone’s got an answer for why Treasury yields have jumped recently. Yet no one knows why. Crucially, they don’t know why precisely because they think they have an answer for the movements of the most information-pregnant income streams in the world. Please read on. Let’s start with the obvious: all known information is already […]
If They Know Why Treasury Yields Are Rising, Then They Don’t Read More »
The more that kids can cheat thanks to AI advances, the better education will become. Yes, you read that right. No need to read it again. AI-enabled cheating on homework, term papers and tests will vastly improve education. Consider the world outside of school to understand why. People used to know how to milk
More ‘Cheating’ On Schoolwork Is a Feature of AI, Not a Bug Read More »
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 »
