“For as long as cancer treatment has existed, ‘cutting it out has been the best way to cure it.’” Those are the words of Washington Post reporter Kim Bellware. Bellware is quoting Luis Diaz, a…
“It took four decades for the top 0.00001% of Americans’ share of total U.S. household wealth to grow from 0.1% in 1982 – when 11 households made up that rarefied group – to 1.2% in 2023.” The…
Particularly amid the economic difficulties brought on by President Trump’s tariffs, there’s growing urgency within the Republican Party to mitigate the tariff damage with an extension of the 2017…
President Trump famously described Fed Chairman Powell last week as a “major loser.” Trump never disappoints, does he? Whatever his style, Trump’s disappointment with Powell, the disappointment of…
The EU is soon to intimately understand a truth too often lost on politicians and regulators: the only closed economy is the world economy. This will become apparent in the aftermath of the EU’s $570…
There are no sacred cows in Las Vegas. That’s the source of the city’s immense prosperity. The past and present are relentlessly pushed aside to make room for the future. In July of last year, the…
In their recent Wall Street Journal essay, George Gilder and Gale Pooley called for a “time-price index, or TPI.” They crucially reminded readers that “while we buy things with money, we actually pay…
It cannot be said enough that economic growth is defined not by what people do, but by what they don’t. Which certainly helps explain the big declines in future-seeing equity prices in concert with…
As parents, we all know how annoying it is to have our parenting judged by others. Much worse, those doing the judging do so without clear knowledge of what is led to the parenting situation they so…
“DOJ Urges Federal Judge To Break Google’s Search Grip.” How interesting it would be to focus group the previous headline to a broad swath of the American people, young ones in particular. That is so…
The future will be defined by economic growth that will make the present appear limp by comparison. Driverless cars will loom large precisely because they’ll free humans from so much work. It’s what…
“To consider the judges as the ultimate arbiters of all constitutional questions is a very dangerous doctrine indeed, and one which would place us under the despotism of an…
Prices are what organize the market economy, which means prices are a crucial form of communication that governments should never, ever meddle with. Too bad Milton Friedman’s monetarism continues to…
While there’s no evidence that Albert Einstein uttered the quip long associated with him about compound returns as the “8th Wonder of the World,” it’s not unreasonable to imagine the genius wit…
“Will Andersen’s father looked at a golf course and thought it should be a farm. Will looked at a farm and thought it should be a golf course.” That’s how the Wall Street Journal’s Ben Cohen…
When Facebook purchased Instagram for $1 billion in 2012, the deal wasn’t seen as obvious or a slam dunk… for Facebook. Which is a statement of the obvious, one abundantly proven by modern estimates…
“I have such easy access to my fans and customers.” Those are the words of Kylie Jenner, from a 2018 Forbes profile. Jenner was on the path to billionaire status, but in many ways the billionaire…
The EU is presently trying to limit a prominent source of income for Meta. The biggest victims will be European businesses. The EU wants to force Meta to provide Facebook and Instagram to users for…
With its antitrust lawsuit against Meta, the FTC’s goal is to force the sale of WhatsApp and Instagram, Meta’s up-to-now most successful acquisitions. Wise minds inside the Trump administration will…
Jobs are the easy part. It’s worth remembering every time a politician talks about “jobs created” by his or her economic program. They’re missing the point. True economic growth is an effect of the…
Gold and the foot are constants. You don’t adjust value and height against them, rather you adjust the value of everything else and length of everything else in terms of gold and the foot. Consider…
The following was sent to Texas House Speaker Dustin Burrows: Dear Speaker Burrows, My name is Jon Decker and I am a senior fellow at the Parkview Institute, an organization dedicated to supporting…
There’s foolish and then there’s macroeconomics. Macroeconomics insults foolish. Was “economics” always this dense? Acknowledging that there’s no empirical way to answer the previous question, it…
The impact that President Trump’s tariffs, whatever form they take, will have on U.S. manufacturing is unknown, and likely will be for several years. Hopefully, they will be the impetus for the…
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