In a video that’s gone viral, the late Milton Friedman correctly asserts about inflation that “consumers don’t produce it,” and “producers don’t produce it.” Only for Friedman to go off track with…
Founded in 1868, Wayne State University is located in Detroit. It’s no insight to write that it’s a lesser-known Michigan college relative to University of Michigan, Michigan State, and perhaps even…
For the longest time banks have relied on the law to protect the private property of their account holders. Ironically, those same banks increasingly find themselves in the unenviable position of…
Back in the early 1990s, an oil-change service business ran a clever ad campaign which said “We’re not trying to change your oil, we’re trying to change your oil.” Get it? The ad springs to mind as…
Bikes were “as indispensable to a Chinese as a car to twentieth century Americans.” Those are the words of Fox Butterfield from Alive In the Bitter Sea, his 1982 book about communist-era China. Call…
Responding to the failures of Enron and Worldcom within six months of each other, failures that didn’t spook the markets much at all, President George W. Bush zestily signed into law Sarbanes-Oxley…
Visa is one of the country’s most accepted credit and debit cards, with the company’s motto boasting: “Everywhere you want to be.” To the federal government, Visa’s widespread utility for cardholders…
Western North Carolina I wasn’t going to write this piece, but a number of friends asked me to do so. I didn’t want to draw attention to myself by being one of those “hey…
Economists quite literally ascribe to themselves an ability to forecast the global economy. Any doubts about the previous assertion can be found by placing “global recession” into the search bar of…
A scroll through ESPN.com last Saturday afternoon revealed a bit of a shocker. #6 Ole Miss had lost to unranked Kentucky, 20-17. Trite as it sounds, muscle memory of sorts brought on the scroll of…
Democratic presidential nominee Kamala Harris has taken to blaming the Republicans for problems associated with a surge of immigrants at the southern border. Republicans have hit back. One editorial…
“We don’t take American Express.” Those five words kept coming to mind last week while reading about the Department of Justice’s (DOJ) antitrust case again Visa. To which some will reply that the…
I would be a complete fake if I didn’t occasionally jump up on a stump, waive my arms James Waddel style ( look him up ) and state what I think is true. Whether you are a hedge fund…
“And it’s paid for by you. No billionaires will fund work like this because there’s no money in it. This is government-funded research to determine how the universe was created and whether we are…
It was reported last week that Paul Pelosi, husband of former House Speaker Nancy, recently sold a sizable amount of Visa stock. Actually, it wasn’t that recent. July 1st to be exact. But since…
After last week’s jaw dropping news that Donald Trump was dropping out of the presidential race and the Republican Party nominating Rob Smith is his stead, the whole country has been…
Former Indiana Governor Mitch Daniels writes in the Washington Post about the coming “collapse of the U.S. public debt market and the dollar’s world reserve status.” Daniels believes that “It’s past…
Last week the New York Times reported on labor unrest among the musicians at the New York Philharmonic, America’s oldest orchestra. Currently paid $153,504 annually, the players were agitating for a…
The legendary Boeing 747 was a brilliant consequence of six million different parts produced by man and machine around the world. Absent this wildly sophisticated division of labor, 747s wouldn’t…
It wasn’t long after Donald Trump’s recent proposal to reverse his $10,000 cap on the State and Local Tax deduction (otherwise known as SALT) that critics on his right flank criticized the move.…
Google is on trial against the Department of Justice (DOJ) for allegedly holding a monopoly on digital ad technology. At issue, according to the Justice Department, is that Google acquired several…
She poisoned the damn dog. I’m pretty sure she killed her ex-husband. For the love of money People will steal from their mother For the love of money People will rob their own brother…
“We steadily began to realize the magnitude of the task ahead of us, not even in terms of financial resources, but just time and effort and coordination. The hour that we can save a day, it’s time…
According to a recently released report from the New York Fed, Americans collectively owe over $1.1 trillion on their credit cards. Reports like this have a tendency to elicit bad ideas from…
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