A Rising National Debt Bodes Well For Stocks and Bonds
Soaring government debt bodes well for your investment returns. This is true for both stocks and bonds.
Read
Essays
Writing by John Tamny and Parkview contributors, from the latest commentary to the collected archive.
1349 essays · Newest first
Opposite Stanley Druckenmiller, 10-Year Treasury Note Isn’t Important
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.
The Rapidly Approaching Disappearance of "Blue Collar" Jobs
“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…
No One Bets The Money Of Others As Carefully As They Do Their Own
Prediction markets are the opposite of gambling exactly because the participating individuals are bringing their own knowledge and money to the prediction.
A Dollar Is Not a Dollar: A Plea To Make Dollar Policy Great Again
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.…
The AI Race Isn’t The U.S. Vs. China, It’s A War For Human Capital
How unfortunate if the U.S. loses the AI race not because it’s not competitive, but because politics needlessly got in the way.
Non-Profit Taxation Would Amount to Quadruple Taxation of the Rich
Without the rich, non-profit organizations would be relatively scarce. The previous statement isn’t ideological as much as it’s merely a statement of the obvious that whether the arts, ideas, health,…
The New York Times Editorial Board Shrinks the New York Times
Nvidia’s share price is up 1,681% since October of 2020. The timing is notable because it was also in October of 2020 that the Department of Justice filed a lawsuit against Google based on its…
Every Struggling Corporation Is Struggling In Its Own Way
As opposed to a signal of worsening problems in the mortgage industry itself, United Wholesale Mortgage's struggles signal a company-specific reckoning.
Better Reading Lists Will Not Fix a Problem Of Too Much Tax Revenue
“The state of the world is terrifying.” That’s the excellent Bret Stephens from a recent conversation he had with the similarly excellent Frank Bruni at the New York Times. Stephens might admit to…
Much More Than Words: The High Cost of Regulations
In the late 19 th century, the Pennsylvania Railroad was the largest publicly traded corporation in the world. By figuratively shrinking the U.S. and the world through shipments of goods and inputs…
Kevin Warsh’s Rate Hikes Revive The Paul Volcker Myth
Breaking inflation is easy. It involves electing a president who believes in a dollar rendered strong by its stability. Alas, Donald Trump is not that president.
The Cures For Every Human Malady Hide In Plain Sight
“Sandy Koufax teases me. He said ‘Why weren’t you smart enough to come up with that 10 years before? Then it would be the Koufax operation.’” The words in quotes come from legendary orthopedic…
Production In Tennessee Doesn't Hurt Arkansas. Neither Does Chinese Production
The biggest threat to your livelihood is the indolence of others. Or if they’re dead.
A Luddite Reaction to Computers Is No Wiser Than the 19th Century Version
Progress is not defined by what we know, it’s what we no longer need to know. National Review editor Rich Lowry seemingly disagrees.
The Fed Will Fix the Inflation It Allegedly Created? Only In 'Economics'
If the Fed caused the inflation, then why is the Fed empowered to fix inflation? It’s a question not asked enough, but with the Fed a combination of mysticism, myth, and gullibility inform an…
The Incredibly High Cost Of Human Capital Exclusions
So valuable are technological minds presently that corporations are offering hundreds of millions to the best-and-brightest to move west, across town, or even next door.
Holman Jenkins Reveals the Real Crisis, and It's Not the National Debt
“I also remember 9/11. Every sense at the time recognized the magnitude of the event and also that the U.S., with so much money in its pockets, and political imperative being what it was, was about…
Clarity Act Sets The Stage For Much More Stringent Future Regulations
Blowups rooted in risky market behavior are ok, but not the regulation that inevitably follows them.
With His Calls For An AI Slowdown, Dario Amodei Doth Protest Too Much
For AI companies who’ve yet to go public, AI’s dangerous mystery is seemingly its life.
You Can't Have a Prosperous Nation Without New Arrivals
“Regimes planted by bayonets do not take root.” Those were the words of Ronald Reagan.
9/11 Was a Tragedy On Top of An Enduring Tragedy
Oil in abundance is a given. The United States could find itself 100% bereft of oil, all the while at war with or embargoed by every oil-producing nation on earth, and the truth about oil abundance…
Disagreeing With Joe Rogan. Money Will Not Fix Poverty
The United States fixed poverty over 250 years ago. Evidence supporting this claim can be found in the fact that the world’s poorest have long made the U.S. their destination not to attain security…
The Genius of Data Centers Isn't Blue Collar Job Creation, It's Their Erasure
Conservatives and libertarians must stop pandering. They’ve long done it with taxes and education, and now they’re doing it with data centers.