The Chinese artificial intelligence startup DeepSeek is now the most downloaded app in 140 markets worldwide, including Apple’s App Store and Alphabet’s Android Play Store. To say American consumers…
Politicians are human. So are central bankers. Since central bankers are human, it’s a fact of life that their personal feelings, biases and politics will inform their decisions. It’s something to…
President Trump declared that the U.S. will be “the world capital of artificial intelligence” at the World Economic Forum in Davos, Switzerland. Trump’s commitment carries significant weight, given…
“How much do their leaders believe in communism?” That was the first question Ronald Reagan asked Suzanne Massie, the recently passed Soviet and Russia expert, during their meetings while Reagan was…
Despite what Fed officials, economists, and their media enablers tell you, there’s no such thing as costless credit. This is important simply because economists and pundits who should know better…
Ten days ago the shares of Nvidia corrected 17 percent. How could this have happened to such an “owned” and analyzed company? The answer, at least as of now, is that surprise over inexpensively…
“Please take into consideration when you want to come after us down the road for something that Bear Stearns did, that J.P. Morgan was asked to do this by the federal government.” Those were the…
Cato Institute co-founder Ed Crane has always said that freedom is the answer to any question about economic growth. If people are free they’ll have all the prosperity they could ever want. Crane’s…
As is well known now, Nvidia shares tumbled something like 17% last Monday. Was this bad news from the Fed about its plans for interest rates? The question isn’t serious. Stock prices are a…
“Since he was a kid, Randy Miod wanted to be at the beach. Once he got there, he never left.” That’s what the Wall Street Journal’s Chris Kornelis wrote about Miod in “Crawdaddy’s” obituary. Although…
Compensation in the United States is very good. How you know this without knowing it is that most of the best, most valuable businesses in the world are American. It brings to mind the popular…
Highly emotional members of the left have been known to bemoan immense wealth. Possessing a fixed pie, zero sum view of the world, they imagine that wealth is taken as opposed to being created. …
There are two types of people. One type whose North Star is “the truth,” and the other whose North Star is “the group.” Who has been watching the cabinet…
“We have access to information that you don’t have.” That’s one way Secretary of Defense Robert McNamara (1916-2009) explained a Vietnam War that not everyone supported. The recently passed writer…
Oil is the most important commodity in the world when it comes to human flourishing, and nothing else comes close. Stop and think about how intensely inconvenient and impoverished life would be…
Nvidia is crashing. Sell, sell, sell! Hey all you fellows up there on the 60th floor. Don’t jump. Listen to Mr. Rob Is Right, this is actually a beautiful day! It’s a beautiful…
Back in March of 2020, former Federal Reserve Board member Kevin Warsh penned an opinion piece for the Wall Street Journal (“Let the Fed Administer an Antiviral Shot”) calling for the Federal Reserve…
In his 2023 book The Art Thief, author Michael Finkel crucially observed (my book review here) that “art is the result of facing almost no survival pressure of all.” So true, and it raises an…
Before we begin, I am a generational Episcopalian. I am imperfect and a woeful sinner. I would be a broken man if not for the Holy Spirit who infuses me with joy and happiness and frees me…
The United States has long been the “Land of Opportunity.” That has been true since our founding and remained through different epochs of political change and social turmoil. During the past few…
“The world is being swamped with Chinese goods, and the United States, Europe and Japan are right to worry about it.” Those are the opening words of a recent Washington Post editorial about Chinese…
North Carolina’s legislature recently passed a Congressional Term Limits resolution in bipartisan fashion. The Tar Heel state is the third one in 2024 (joining Louisiana and Tennessee) to make the…
Washington Post columnist Catherine Rampell writes that Scott Bessent “is using all the budget high jinks at his disposal to produce a pseudoscientific plan that’s rosier, more magical and more…
Jack Kemp (1935-2009) always felt Republicans should do well with minorities and immigrants. He saw the Republicans as the party of opportunity, and felt his message of growth should and would…
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