Articles, commentary, and opinion on economics, markets, business, inflation, banking, history and more from Parkview Institute Founder John Tamny.
The implied point in the Post headline was that government spending makes most sense when the economy is weak, a supposition suggesting that central planning of resource allocation is most needed when an economy is on its back. You can’t make this up…
Budget Deficits Don’t Power Economic Growth, They’re a Consequence of It Read More »
Ian Ayres and Quinn Curtis are law professors at Yale and UVA. Their area of expertise is retirement, and as they see it, the typical employee paying into retirement funds must be saved from himself. The professors want force to make sure the hoi polloi aren’t “misusing” their menu of investment options. Naturally it’s lost on Ayres and Quinn that the collective knowledge of those enrolled in retirement plans vastly exceeds theirs. Fearful that the mouthbreathers will go all in on gold, they’re out to make sure that experts take the proverbial wheel from those who don’t know as much as they imagine they know.
Retirement Plans Should Protect Employees From Retirement-Plan Experts Read More »
Corporate “whistleblowers” are billed by media types as innocents beset by scoundrels as they expose alleged wrongdoing inside corporations.
Whistleblowers As the New Ambulance Chasers, Only Much Worse Read More »
Talking to the New York Times recently, AEI’s lead economist in Michael Strain observed that “good news” for the Fed would be a recession. Since the credentialed near unanimously believe that job loss and bankruptcy are the cures for inflation, it’s up to those short on credentials but mildly long on common sense to correct an impoverishing narrative – over and over again – that just won’t die.
The Discredited Phillips Curve Cannot Be Discredited Enough Read More »
In reality, all decisions are business decisions, which means all business decisions are “about the money.” The bigger question not being asked is if the business decision was a correct one in light of the fact that businesses make decisions all the time that are very bad.
All Decisions Are ‘Business Decisions’: College Football Made a Bad One Read More »
The left-leaning imagine against all reason that businesses are out to exploit workers with low wages. The right-leaning disagree with the left rhetorically, all the while making the left’s case for them.
“Cheap Labor” Is the Most Expensive Labor of All Read More »
According to Washington Post columnist Catherine Rampell, “The Chinese economy has hit a rough patch.” On their face, comments like these always rate a raised eyebrow: I can’t measure the economy of the street I live on, but Rampell feels comfortable commenting from New York City on the health of people in a vast country on the other side of the world. How does she know what she claims to know?
A Lesson From Hong Kong For Those Who Worry China Hides Bad News Read More »
In his memoirs about the remarkable rise of The Home Depot, the great Bernie Marcus oh-so-thankfully went against the grain of seemingly all modern thought in writing that “bankers put their careers on the line, and for that we protect them.” Amen.
Savers and Financiers Are the Economy’s Lifeblood, So Treat Them Well Read More »
To say that Harvard’s Jason Furman believes mass unemployment and bankruptcy is the answer to inflation is a waste of words.
Economists, and Their Comical Search For a Higher ‘Inflation Target’ Read More »
The birthrate alarmism that has infected the various economic religions won’t age well. Nothing against procreation, but lower birthrates don’t in any way signal country decline.
‘Low-Birthrate’ Pessimism Will Soon Embarrass the Pessimists Read More »
