“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…
Openness to foreign production is the single greatest national security strategy the world has ever known. And nothing else comes close. That’s because foreign countries are loathe to aim their guns…
Charlie Kirk’s murder was a tragedy. “Vital few” (Reuven Brenner) doers on the left, right and in between make the world go ‘round, and Kirk was a member of the “vital few” regardless of whether you…
The $37 trillion national debt will not be paid for by America’s middle class. How we know this is the $37 trillion in debt itself, along with the accepted truth that soon enough $37 trillion will be…
Thoroughgoing Keynesian Ben Bernanke once quipped to Milton Friedman (1912-2006), “You’re right, we did it. We’re very sorry.” What did they or “we” do? According to Friedman, the Fed failed to…
People drive economic growth. Which means President Trump’s problem isn’t the Fed, it’s his own administration’s deportations. Trump wants economic growth, but he doesn’t want the people who make…
Who wants to invest in my newest venture? You will make oodles of money. You will need a wheelbarrow to carry all the cash to the bank. I only need $100 million. I can send you the private…
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