“The greatest fever of all was aspiration, a belief in the sheer possibility to remake a life.” That’s what Evan Osnos wrote in Age of Ambition, his remarkable 2014 book about life in emerging China.…
What should the interest rate be? The very question insults reason simply because economies are comprised of individuals, businesses and governments with wildly divergent pasts, presents and futures.…
December 31, 2024. I am in the middle of a 4 day fast (long story). Tomorrow, my reward will be to eat a bowl of black-eyed peas accompanied by stewed tomatoes and a hunk of cornbread.…
Repeat it over and over again: there’s no interest rate, and there’s no such thing as interest rates. There are individuals, and individuals face a myriad of borrowing costs as numerous as there are…
“At 5-foot-10, Henderson was smaller than many big leaguers, but he overcame his size with a combination of horse power, a savant-like ability to exploit deficiencies in pitchers, and an extreme…
Andy Kessler writes in his latest Wall Street Journal column that the U.S. “is strong precisely because we don’t all think the same way. New ideas come from new ways of thinking.” Kessler puts it so…
No individual, no corporation, and no country ever runs out of money. Ever. What all three run out of is investor trust. The above truth rates frequent repeat in light of a recent news account about…
“I love kids because I was never a kid. I was too poor to be a kid.” That’s what the late professional golfing legend and personality Chi Chi Rodriguez told Sports Illustrated. What Rodriguez said…
Never turn down capital when it’s offered to you. The previous axiom is easily as old as business. The wise refuse what’s precious precisely because they know well that tomorrow is another century.…
Imagine receiving an email from a stranger offering you one hundred thousand dollars in a week if you send them ten thousand dollars today. Most of us would immediately recognize this as a…
Bitcoin “doesn’t trade on fundamentals, but supply and demand.” The previous point was made in a recent column meant to explain the surging value of the most prominent crypto concept. In the same…
If you want to age yourself, talk about how you used to stay up until 11:30 on Friday nights to watch NBA playoff games. This was in the early 1980s. Friday night prime time was far too valuable to…
Recently, I sent out a number of distributions from various trusts. As trustee, I have discretion to do such things. I wanted to get the checks out before Christmas. This exercise gave me…
The Consumer Financial Protection Bureau (CFPB) ostensibly exists to protect consumers. However, its recent actions raise serious concerns about whether its policies truly serve the best interests of…
Booming Columbus, OH is thick with former Ohio State Buckeye football players who are part of the boom. Their close ties with the school’s most prominent alums, and that were forged during their…
They “ate, slept, made love, raised children, and tried to keep body and soul together by finding ways to make a living.” Those were the words of the late, great Wall Street Journal deputy editorial…
My daughter Ella is something like the 7 th generation of Ellas in our family. Samuel Coleman was an officer in the Revolution. A daughter Samuella was named after him, and in subsequent…
TikTok has asked for an injunction so the Supreme Court or the incoming Trump administration may consider its argument that forcing its ownership sale violates the First Amendment. Given what’s at…
The big credit card companies “should have killed us when they could have.” Those were the words of early PayPal employee Todd Pearson in Jimmy Soni’s excellent 2022 book, The Founders: The Story of…
Whether it’s Goldman Sachs and J.P. Morgan talking to their high-net worth prospects, or Edward Jones and Charles Schwab talking to traditional retail customers, there’s a constant theme in the…
If you look at the market prices of consumer goods you’ll much more often than not be blinded to inflation’s truth. To which more than a few readers will reply that prices are precisely the way to…
“You don’t have a baby here, you have a funeral expense.” That’s what the doctor said about recently deceased actor Earl Holliman to his parents upon seeing the baby they’d just adopted. The adoption…
While politicians frequently and incorrectly demagogue trade as harmful, the enterprising in the proverbial arena have long been looking for ways to bring people closer together not just so that they…
Banks are in the business of paying interest on deposits so that they can lend out the funds deposited with them at a higher rate of interest. Some will respond that the latter is a statement of the…
The Parkview Letter
Read John Tamny in your inbox
John Tamny’s latest essays on the economy and public policy, delivered by email.