Articles, commentary, and opinion on economics, markets, business, inflation, banking, history and more from Parkview Institute Founder John Tamny.
Generation Z will be the richest, most fortunate generation in the history of the richest, most fortunate nation in the world, the U.S. That is, until the generation that follows Gen Z reaches adulthood and beyond. Seriously, what any “Boomer,” “Gen X,” or “Millennial” would give to be in their twenties today, or better […]
Can We Please Stop Feeling Sorry for Gen Z? Read More »
In his 2008 book The Ascent of Money, Niall Ferguson observed that the English speaking peoples are obsessed with housing, and that “No other fact of financial life has such a hold on the popular imagination.” By extension, Ferguson might agree that no other market good brings out the stupid within American pundits, economists, and politicians like
How Could It Be a “Crisis” That Americans Can’t Afford a House? Read More »
“Productive labor may render a nation poorer, if the wealth it produces – that is, the increase it makes in the stock of useful or agreeable things – be of a kind not immediately wanted.” – John Stuart Mill, Principles of Political Economy, p. 76 Try to start a business by promising to create lots of
Meta’s “AI Layoffs” Are a Bullish Sign of More Meta Hiring Read More »
How dangerous for the Senators to enter what’s prosperous with a one-size-fits-all solution crafted by the most disliked legislative body in America… Continue reading on Forbes.
Sens. Cruz, Cantwell Would Be Wise to Let College Football Be Read More »
Since human interaction with computers and all manner of other devices is a frontier-free concept, there’s no way to ever credibly decree “dominance.” Continue reading on Forbes.
The Profound Foolishness of Google’s Antitrust Harassment Read More »
Members of Gen Z won’t just benefit from the genius of artificial intelligence (AI) throughout their careers, they’ll also benefit from a federal government thankfully hamstrung by past spending errors. Lucky Gen Z. Mindless as Social Security and Medicare are, and economically damaging as they were, they’ll spare those entering the working world now
A Great Fiscal Inheritance for Gen Z, and An Even Bigger Opportunity Read More »
The Fed is the proverbial potted plant, not an enabler… Continue reading on Forbes.
The Fed In No Way Enables Federal Government Expansion Read More »
People power economic growth, but declining global birth rates are a bullish phenomenon. Yes, both statements are true. If declining birth rates foretold economic decline as Washington Post columnist Megan McArdle believes, stock markets in countries like South Korea would be experiencing sickening collapses. That’s because South Korea has the world’s lowest birth rate in concert with
Declining Global Birth Rates Aren’t “Suspicious,” They’re Bullish Read More »
The great Warren Brookes (1928-1991) joked in The Economy In Mind about the return of an economist from overseas, and a quip from a U.S. Passport official about perhaps not letting him back into the United States. Something about the damage done by economists. Edmund Phelps, who died two weeks ago, would have likely passed muster
The Problem With Economics Is Macroeconomics Read More »
Detroit’s existing workers weren’t harmed by a global influx of people in pursuit of Henry Ford’s $5/daily wage. The impressive pay Ford offered as a way of shrinking employee turnover logically added to the productivity of Detroit’s existing workforce, and by extension their ability to earn even more. That’s because people are never a
There Was No “China Shock,” There Was a Big China Boom Read More »
