“Do you honestly think you’re going to replace this?” The previous question should be printed and framed in poster-sized fashion at the Department of Justice’s (DOJ) antitrust trust division. The question itself was actually posed to Kimbal Musk, brother of Elon, back in the early days of the internet. The president of the Toronto Star was […]
The DOJ’s Antitrust Attacks on Visa Dig a Bigger Hole for Antitrust Read More »
Gold is referred to as a constant for good reason. It’s price doesn’t move. What moves are the currencies in which it’s priced. Which is a reminder that when the price of gold in dollars declines, that’s the sign of a rising dollar. Conversely, when the price of gold rises, that’s the sign of
With Gold Rising, It’s Time for Trump/Harris To Be Presidential Read More »
Honore de Balzac observed in seemingly acidic fashion that “Behind every great fortune there is a crime.” Eventually FDR latched onto Balzac’s nonsensical notion, and now it seems to be gaining currency among neo-Austrians. Austrian School economist Peter St. Onge is disappointly one of those. In a Twitter post, St. Onge asserted that “Federal spending, open borders,
Who Needs Balzac When We Have the Austrians? Read More »
Credit cards are used by billions of consumers at billions of businesses precisely because buyer and seller alike gain so much from their existence. Consumers can purchase what they want when they want it, and businesses can concentrate on getting customers what they want when they want it, all while outsourcing the financial aspects
What Do the Illini Gain With IL’s Attacks on Credit Cards? Read More »
“If you want to know what raising a family might look like under a Kamala Harris presidency, look to this Rust Belt city.” Those are the words of Washington Post economics columnist Catherine Rampell. Rampell is referencing what she deems “an innovative, pro-family program that has become a key plank of Harris’s economic agenda: giving newborn babies $6,000
Yes, Washington Post, Every Family’s Needs Are Different Read More »
“My husband and I were going to retire at 65, but the house we owned was too big and too expensive. We downsized to a co-op. Working longer helped, too, both financially and because I love what I do.” As readers can likely guess, those are the words of retirement expert Alicia Munnell, director
Alicia Munnell’s Delayed Retirement Signals No Crisis Read More »
“Why can’t you pulverize the market just by buying the stocks with the highest share prices?” The previous question was asked by Jason Zweig, author of the rather excellent “Intelligent Investor” column in the Wall Street Journal. Would it that staffers within the Department of Justice’s (DOJ) antitrust department were regular readers of Zweig. In particular his
Hindsight Is Not Discovery’s Coefficient Read More »
“We seem to be having an arms race. It’s emblematic of the complete breakdown of any kind of responsibility about the budget.” Cal-Berkeley economist Alan Auerbach said the latter in a recent Wall Street Journal interview. Auerbach was lamenting what he deems the unhappy fact that presidential candidates Kamala Harris and Donald Trump are persistently one-upping
It’s Responsible for Trump & Harris to Promise the Tax Moon Read More »
After a successful head coaching career that included a .668 winning percentage (148-79), and one Super Bowl appearance (a victory), Tony Dungy was voted into the NFL Hall of Fame. Notable about Dungy is that his induction occurred in 2016. What makes it extra notable is that it took place four years before Jimmy
How Is George Seifert Not In the NFL Hall of Fame? Read More »
There’s a price for every good and service. Always and everywhere. This is a notable point at the moment, and in light of the never-ending talk about whether home insurers will or will not continue to write policies in states like Florida. At first glance, looming exits read as very simple: hurricanes of the
Price Controls (Not Global Warming) Drive Insurers Out of Florida Read More »
