Articles, commentary, and opinion on economics, markets, business, inflation, banking, history and more from Parkview Institute Founder John Tamny.
“It took four decades for the top 0.00001% of Americans’ share of total U.S. household wealth to grow from 0.1% in 1982 – when 11 households made up that rarefied group – to 1.2% in 2023.” The previous statistics come from the Wall Street Journal’s Juliet Chung, and are based on an analysis by […]
As the Wealth of the Top 0.00001 Expands, Watch Opportunity Skyrocket Read More »
Particularly amid the economic difficulties brought on by President Trump’s tariffs, there’s growing urgency within the Republican Party to mitigate the tariff damage with an extension of the 2017 Tax Cuts and Jobs Act (TCJA). Unknown is why. The tax cuts were Keynesian in design, hence not economically stimulative. Evidence supporting the above claim
What’s So Great About the ‘Tax Cuts and Jobs Act’? Read More »
President Trump famously described Fed Chairman Powell last week as a “major loser.” Trump never disappoints, does he? Whatever his style, Trump’s disappointment with Powell, the disappointment of the polite and economically serious with Trump, and the overall discussion of a fight that Trump ultimately walked back revealed lots and lots of misunderstanding and
Trump vs. Powell: Lots Of Misunderstanding and Lots Of Myth Read More »
The EU is soon to intimately understand a truth too often lost on politicians and regulators: the only closed economy is the world economy. This will become apparent in the aftermath of the EU’s $570 million and $228 million fines respectively levied on Apple and Meta. The EU’s regulators will describe the fines as
The EU Will Soon Discover the Only Closed Economy Is the World’s Read More »
There are no sacred cows in Las Vegas. That’s the source of the city’s immense prosperity. The past and present are relentlessly pushed aside to make room for the future. In July of last year, the recently passed Elaine Wynn attended the closing ceremonies of the Mirage Hotel. While the Mirage was at the
Elaine Wynn and Las Vegas Shine Bright Lights On Backward Looking DOJ, FTC Read More »
In their recent Wall Street Journal essay, George Gilder and Gale Pooley called for a “time-price index, or TPI.” They crucially reminded readers that “while we buy things with money, we actually pay for them with our time—not in dollars and cents but in hours and minutes of work.” Gilder and Pooley’s argument is that CPI
The Genius of TPI Can Only Be Realized With a Stable Dollar Read More »
It cannot be said enough that economic growth is defined not by what people do, but by what they don’t. Which certainly helps explain the big declines in future-seeing equity prices in concert with President Trump’s haphazard rollout of his tariff plan. It’s an economy-sapping blast to the past that is forcing a revaluation
Economic Progress Is a Brilliant Effect of What We’re Not Doing Read More »
As parents, we all know how annoying it is to have our parenting judged by others. Much worse, those doing the judging do so without clear knowledge of what is led to the parenting situation they so haughtily judge. It is useful to contemplate parental “Karens” as Alabama SB 187, the “App Store Accountability
Why Would We Outsource Parenting to Pols? Read More »
“DOJ Urges Federal Judge To Break Google’s Search Grip.” How interesting it would be to focus group the previous headline to a broad swath of the American people, young ones in particular. That is so because in urging U.S. District Judge Amit Metha to allegedly “Break Google’s Search Grip,” we’re witnessing DOJ lawyer David
The Headlines Alone Reveal the DOJ’s Weak Case Against Google Read More »
The future will be defined by economic growth that will make the present appear limp by comparison. Driverless cars will loom large precisely because they’ll free humans from so much work. It’s what we’re not doing that powers us forward, not what we’re doing. And to be a passenger in a Waymo-equipped car is
The Profound and Compounding Growth Implications of Waymo Read More »
