Experts too easily forget that “government spending” is a benign way of describing central planning of precious resources. Which means it fails repeatedly. Rich as the U.S. presently is, we’re a…
The snowstorm has rendered driving in DC nearly impossible. But looking at the Senate calendar, maybe that’s a good thing. If Wednesday’s hearing on concert ticket prices gets cancelled, it would…
A stable dollar would lift the global economy like nothing else, and would give the Trump presidency infinitely more prestige than a Nobel Peace Prize ever could… Continue reading on Forbes.
There were “lines for everything” in the former Soviet Union. That’s what Hedrick Smith conveyed to rapt readers in his 1976 book, The Russians. As frustrated Americans endured long waits for…
Elon Musk and Jeff Bezos can’t realistically spend all the wealth they’ve created. That’s why both epitomize progress. It’s not just that they’ve transformed how we live, it’s that their inability to…
Australia’s young people are way too smart for Australia’s politicians. See the recent implementation of Australia’s “Social Media Minimum Age Act.” The Aussie law is meant to protect youths from the…
“The U.S. must build, baby.” The latter is the subhead to a recent opinion piece published at the right-of-center Manhattan Institute. Supposedly the easy answer to housing affordability is “build…
The worst thing for a country’s economy is for legislators to borrow money for deficit spending during economic downturns. Too bad no one agrees, including those perhaps pre-disposed to agree. For…
The U.S. oil sector had its worst stretch under Ronald Reagan. So substantially did prices fall during his presidency that even his Vice President (George H.W. Bush) made the rather puzzling…
Why did Kant, Hegel, Kierkegaard, and all the great philosophers know so little about the real world? Ever heard of Eddie Levert, Sammy Strain, Frank Little, Jr., and Walter Williams? The…
Forgotten by PhD types eager to elevate their economic intelligence by denigrating Trump’s is that frequently they reveal their own limitations while explaining Trump’s… Continue reading on Forbes.
“You don’t want to send your son there because he’ll become a communist, he’ll become a drug addict.” That’s the modern consensus about elite colleges and universities, so why pay for modern…
Cable television visionary John Malone could have owned a substantial portion of AOL before it was AOL. Where it perhaps becomes more ironic is that it was Malone’s TCI that was laying the cable…
There are already flying taxis in China. There’s drone delivery of meals too. About the leaps taking place in China, some will say we need to catch up. Others will say that in addition to catching…
One of Joe Biden’s biggest fibs received the least amount of attention. Back when he was president, and amid notably high gasoline prices, Biden talked of how when he was young, the price at the pump…
Leave Nancy Pelosi alone. Or at the very least, leave Pelosi alone to trade stocks. To muzzle her apparent skill when it comes to picking stocks is to blind the rest of us to crucial information. No…
The top 400 American taxpayers pay more in federal taxes than the bottom 70 percent of U.S. taxpayers combined. The previous truth is a friendly reply to Cliff Asness and Michael Mendelson’s recent…
The brilliant thinking of Ludwig von Mises (1881-1973) has been unfairly besmirched by a rather absurd “money multiplier” theory puzzlingly embraced by his more modern followers. Mises’s…
They thought Elon Musk was retarded. That’s what Walter Isaacson reports in his biography of Musk about the teachers at Musk’s elementary school. Musk’s response to Isaacson was “I wasn’t really…
“While the music industry continues to get buffeted by technological change – here comes the AI wave, next.” That’s how media visionary John Malone describes the relentlessly changing circumstances…
“We thought Grease was going to be a disaster.” That’s how Barry Diller bluntly puts it in his memoirs (Who Knew) about one of the many blockbuster films that Paramount Pictures released during his…
A weak dollar will sap Donald Trump’s presidency like no other policy. This is something Steve Moore, a top outside economic adviser to Trump, knows well. So does Moore’s great friend, Larry Kudlow.…
Central planning is bad, which means government spending is bad. Contra the most prominent number in economics (GDP), government spending is by its very name an economic wrecking ball. These truths…
Economists and their obtuse theories have been the overwhelming driver of reduced progress since 1971. Market-friendly economists (think Milton Friedman) are paradoxically the biggest offenders since…
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