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Writing by John Tamny and Parkview contributors, from the latest commentary to the collected archive.
1344 essays · Newest first
“We’re burdening the children” and “we’re burdening the grandchildren” have been used repeatedly by so-called “deficit hawks” for decades. Les Rubin is the latest - but surely not the last - deficit…
While an information edge can plainly be problematic for casinos taking wagers, information is what gives life to prediction market platforms.
“Soon, I’d see inmates unveil smartphones all around me. The economy inside prisons is an incredible testament to the power of capitalism and how creatively goods will flow to those who want them, so…
If you’re a U.S. citizen, you’re at home anywhere in the world. No other nationality can claim this.
There’s no there there to the French national debt story. Basic market signals confirm as much.
Sometimes doing what’s “best” for shareholders is very sadly doing what the existing White House most desires. Banks aren't the problem, but Washington is.
Artificial Intelligence (AI) is poised to drive a human knowledge explosion. The latter speaks to the genius of machines that do and think for us. But we’re getting ahead of ourselves.
Gambling suffocates knowledge, while prediction markets reward knowledge on the path to the creation of abundant information that is wealth personified.
Data centers will eventually drive down electricity prices, perhaps to zero. If not, close to zero.
AI, like any other technological endeavor, is people driven.
Congress is acting rationally, and in sober fashion. As the wealth pie grows so does federal tax revenue, along with the ability of Treasury to borrow in growing amounts for a Congress that is still…
Milton Friedman's monetarism is Keynesianism’s something-for-nothing variant.
"The next task for education reform isn't merely helping parents identify good schools but understanding what makes schools good." That's Robert Pondiscio of the American Enterprise Institute, in a…
Let's not confuse the production of knowledge with its suffocation. The former is prediction markets, the latter is gambling.
Without insider trading, the stock markets are blinded. Which means we need more insider trading.
Social Security’s rising costs restrain the growth of the federal government. Yes, you read that right.
The danger of the very few arrogating to themselves power over the many.
The Play Station 2's arrival in the U.S. apparently never kept Peggy Noonan up at night. At least not publicly.
Knowledge is wealth. Prediction markets enable the voluminous creation of knowledge.
Soaring government debt bodes well for your investment returns. This is true for both stocks and bonds.
Argentina doesn’t need to dollarize, but it very much needs a stable dollar. There’s a difference. But we’re getting ahead of ourselves.
“These days, people become cooks instead of becoming lawyers or doctors.” That’s Wolfgang Puck, from a 2016 interview with the Wall Street Journal’s Alexandra Wolfe. In Wolfe’s words from the same…
Prediction markets are the opposite of gambling exactly because the participating individuals are bringing their own knowledge and money to the prediction.
Le Diplomate is one of the toughest tables in Washington, DC. When it opened in 2013 its wildly popular Burger Americain (with French fries) set diners back $14, according to the Washington Post.…
