Writing in 1984 (“Subsidizing Egos”), Thomas Sowell observed how “thousands of poorly educated Mexicans cross the border every week and go right to work.” Sowell went on to ask how “people new to the…
Writing at the New York Times, economist Rebecca Patterson confidently asserted that “Housing is the foundation of the economy. Homes represent the single largest asset for most Americans. They are a…
Major League Baseball stepped into the future with its recent announcement that “robotic umpires” will be introduced next season. Under MLB’s new Automated Ball-Strike challenge system, teams will…
It’s easy to forget that right into the 1990s, Sears was viewed as a blue chip retailer. In the year 2000, it’s worth remembering that GE was the world’s most valuable company, Enron the smartest,…
Private money will eventually replace fiat, government money. The reason is simple: Inflation (meaning currency devaluation) is a brand risk, and a private business would never be so foolish as to…
The deepest markets in the world continue to tell us that paying off the $37 trillion national debt will be the easy part, but budget experts are arguably missing the message. Think the Cato…
“You should expect a bunch of economists to wring their hands and say ‘This is so crazy. It’s so reckless’ or whatever.” Those are the words of Open AI CEO Sam Altman as he explains the expected…
While agreeing with Javier Milei’s reforms, this opinion piece asks if he got the order wrong. Up front, what’s not to like about Milei firing tens of thousands of government workers, his shuttering…
Saturday, I was having lunch at a sidewalk café when a family walked by. Their four-year-old boy tripped and fell on the sidewalk. His mother rushed to him, hugged him, and asked a…
While conservatives rightly talk up free markets and freedom to choose, their analysis of how the world works frequently tramples on their rhetoric. See their endless crisis-mongering about low U.S.…
Social Security is not going bankrupt, and that’s the problem. It means the politics don’t work for Republicans to pursue Social Security choice. As for the Democrats, what the Republicans can’t do…
There was no forgotten, downtrodden, so-called “Trump voter.” The latter was a creation of media members trying, and failing to understand the “exotics” outside the big coastal cities, and who voted…
No act of federal spending restraint will ever shrink the federal government. That’s because spending cuts ignore what’s enabling the relentless growth of federal government: humongous federal tax…
OH WHAT A BEAUTIFUL MORNING! There's a bright, golden haze on the Capitol Dome There's a bright, golden haze on the Capitol Dome. My spirits are as high as an elephant's eye And it looks…
The length of the foot doesn’t decline if the number of foot rulers produced exceeds demand for foot rulers. That’s because the foot is a measure, a fixed concept of length, nothing else. It’s…
Perhaps Javier Milei’s economic reform program has been oversold by Milei, along with myriad free-market proponents in the United States. That’s not a dig at free markets. It’s just a comment that if…
Products buy products. If this basic truth were understood, a lot of awful legislation and rulemaking could be avoided. Which is why it’s important to press on the point. When you walk into a small…
“I’ve just come from seeing a dead boy – and you killed him.” Those were the words of writer and civil rights activist James Baldwin (1924-1987) from a long-ago television appearance. Years after,…
“Amazon made it easy to sign up for Prime in just two clicks.” That’s how a CNN report on the FTC’s upcoming case against Amazon described it. Which doesn’t help the FTC’s case. To see why,…
“Washington’s spiraling debt trends are simply unsustainable.” Those are the words of Manhattan Institute budget expert Jessica Riedl in the Washington Post. But unless Riedl knows something that the…
Markets are information. They’re constantly pricing the knowns and unknowns, with “markets” a perfectly apt descriptor since no one agrees about the knowns and unknowns… Continue reading on Forbes.
You would have felt lazy, and likely viewed as pathetic and stupid if you were alive in 1825. Why? Because 200 years ago your work options were almost certainly limited to farm drudgery six days a…
The steam engine. Trains. Oil. Electricity. Flight. Nuclear power. The computer chip. The Internet. All of these innovations were transformational, but artificial intelligence (AI) might be…
There are no benefits to be had from a weak dollar. None. To suggest there are is the equivalent of saying a basketball player benefits from a shrinking inch and foot that will make him taller in…
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