If You’re Thinking Abt. Fed, Your Mind Is Wandering Aimlessly
Credit is produced by lender and borrower, and has nothing to do with the Fed funds rate or so-called “money supply.” Continue reading on Forbes.
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Essays
Writing by John Tamny and Parkview contributors, from the latest commentary to the collected archive.
1305 essays · Newest first
Palo Alto’s Help Wanted Signs Tell Ignored Economic Truths
The ambitious of all stripes flock to where the economic growth is. Which is no insight. Where growth is greatest, so are wages. Consider what you’ve just read in relation to the photo attached to…
Taiwan and TSMC Make the World Safer by the Day
A recent above the fold, front-page headline at the New York Times asserted that “Reliance on Taiwan Chips Endangers U.S. Economy.” The article’s subhead added that “Big Tech Has Done Little to Heed…
The 6-3 Supreme Court Tariff Vote Calls for Term-Limited Judges
In 1981, and while trying to get the tax cuts he favored passed by Congress, Ronald Reagan joked about getting shot again to move public opinion in his direction, and by extension, congressional…
The Birthrate Obsession: A Sign That Keynes Still Pollutes Economics
Why were there no billionaires in the 19th century? Tick tock, tick tock… No doubt those with an Austrian or Monetarist School bent would say that the scarcity of billionaires was rooted in a lack of…
There Is a Debt Crisis, But It’s Unseen and Not Even Discussed
Scholars at Brookings, Cato, Hoover, along with adjacent pundits, have been promising a “crisis” related to the national debt for decades. Despite so many of the wise so routinely and confidently…
Gold Price Mirrors Economic Unease Ignored by Politicians
Currency debasement in no way fools the electorate… Continue reading on Forbes.
Contra Bret Stephens, Freedom Trumps Western Civ by Many Miles
The frequently excellent Bret Stephens was thrilled about Secretary of State Marco Rubio’s elevation of Western civilization in his Munich Security Conference speech last week. Stephens desires a…
A Call for My Appointment As the White House's 'Knife Czar'
Dear Reader, I would like for you to contact the President and promote my candidacy to make me the “Knife Czar.” If you don’t know what that is, it’s a new…
Even If Social Security Were Going Bankrupt (It’s Not), Retirees Wouldn’t Care
Social Security is not going bankrupt, and by extension benefits won’t be cut. Not now, not in four years, not in forty. The irony in all of this is that existing and future retirees wouldn’t much…
Human Action Continues to Discredit Global Warming Theory
According to the New York Times, global warming isn’t a threat. About what you just read, the Times didn’t acknowledge the latter as much as it implied it. In a recent article, the Times reported…
Wealth Creation Is Not An Act of War, Opposite What You’re Told
West Virginia’s relative poverty isn’t an effect of California’s enormous wealth. The better way to look at it is to consider how much poorer the Mountain State would be minus all the advances…
Rising Inequality Is Great. Its Downside Is Bigger Government
The rich of tomorrow will happily be quite a bit richer than today’s rich. That’s because the proliferation of AI meant to do and think for us will unearth superhuman qualities in a growing number of…
Proof of Work Is What’s In Your Wallet, Not a BTC Blockchain
Money buys nothing. It’s always production for production. Continue reading on Forbes.
Regardless of Your Stance, the “Border” Insults the Immigration Discussion
If “the border” informs your thoughts about immigration, then your mind is wandering. Seriously, how often have you crossed the border (on foot, no less) to go to work in or visit any other city,…
Nosebleed Home Prices Are a Brilliant Signal, Not a Call for Policy
People travel from around the world to visit Brooklyn. The “outer borough” formerly known as “Crooklyn” is increasingly a destination for travelers the world over. As David Ibsen, executive director…
Remembering Edward H. Crane, Co-Founder of the Cato Institute
Ed Crane lived a big life. Some will see the previous statement as an obvious one, and one made evident by the fact that Ed, along with Charles Koch, founded the Cato Institute, the world’s foremost…
Amazon and Google Crush the ‘Quarterly Capitalism’ Myth
The U.S. economy would be a fraction of its incredibly vibrant self if investors truly keyed on “quarterly earnings.” Amazon and Google continue to show us why. For background, in the 1970s the cable…
National Debt Solutions That Don’t Address Why There’s Debt
The national debt will continue to soar. Bank on it. See Holman Jenkins’s column from last week for evidence. He wrote in the Wall Street Journal that “The U.S. won’t deal with its looming debt…
Warsh Will Soon Realize That Powell Was Never Vy. Powerful
The central bank is just not that important. We insult the U.S. economic engine when we pretend that it is. Continue reading on Forbes.
The Republican Aim Should Be To Keep California In California
In the recently launched California Post, gubernatorial candidate Steve Hilton wrote that Californians suffer the worst results despite paying the highest taxes. Without disagreeing with the…
Artificial Intelligence Will Be the Greatest Job Creator Ever
As Nvidia’s Jensen Huang routinely points out, Artificial Intelligence (AI) is work. That’s why it will be the most powerful, growth boosting, job creator the world has ever known. It can’t be said…
The TikTok “Saga” Is About American Envy, Not National Security
“This saga was never about TikTok’s utility or popularity but its Chinese ownership and apparent links to the Chinese Communist Party.” That’s from a recent editorial in the Washington Post, and it’s…
Punishment Is Not Hate, Opposite What So Many On the Left Think
“Every society gets the kind of criminal it deserves. What is equally true is that every community gets the kind of law enforcement it insists on.” — Robert F. Kennedy…