Matthew Lynn writes that a “financial castrophe” is in our future. He claims it’s due to the national debt. Lynn’s analysis implies that markets are quite stupid. Misunderstanding and non sequitur…
Immigrants will do work that Americans won’t. That’s what defenders and critics of immigration say. Which means even defenders miss what is arguably the bigger, more pertinent positive about…
Generation Z will be the richest, most fortunate generation in the history of the richest, most fortunate nation in the world, the U.S. That is, until the generation that follows Gen Z reaches…
In his 2008 book The Ascent of Money, Niall Ferguson observed that the English speaking peoples are obsessed with housing, and that “No other fact of financial life has such a hold on the popular…
You know what the most necessary ingredient is for capitalism to thrive? I'll give you three guesses. No, it's not lower interest rates. It's not better management of the Phillips Curve by…
“Productive labor may render a nation poorer, if the wealth it produces – that is, the increase it makes in the stock of useful or agreeable things – be of a kind not immediately wanted.” – John…
How dangerous for the Senators to enter what’s prosperous with a one-size-fits-all solution crafted by the most disliked legislative body in America… Continue reading on Forbes.
Since human interaction with computers and all manner of other devices is a frontier-free concept, there’s no way to ever credibly decree “dominance.” Continue reading on Forbes.
Members of Gen Z won’t just benefit from the genius of artificial intelligence (AI) throughout their careers, they’ll also benefit from a federal government thankfully hamstrung by past spending…
People power economic growth, but declining global birth rates are a bullish phenomenon. Yes, both statements are true. If declining birth rates foretold economic decline as Washington Post columnist…
The great Warren Brookes (1928-1991) joked in The Economy In Mind about the return of an economist from overseas, and a quip from a U.S. Passport official about perhaps not letting him back into the…
It’s common for the media to dismiss those extolling the virtues of the classical gold standard by pointing out most mainstream academic economists hate that idea. That skepticism is reminiscent of a…
Detroit’s existing workers weren’t harmed by a global influx of people in pursuit of Henry Ford’s $5/daily wage. The impressive pay Ford offered as a way of shrinking employee turnover logically…
If one-half of the commodities in the market rise in exchange value, the very terms imply a fall of the other half; and reciprocally, the fall implies a rise.” – John Stuart Mill, Principles of…
Jeff Bezos got the national debt wrong during last week’s CNBC interview. He has to know why. Amazon was founded in 1994, but it didn’t issue debt until 1999. Why did Bezos and Amazon rely for so…
The markets are never a snapshot of the present. They’re a look ahead. It’s worth keeping in mind as commentators try to make sense of rising Treasury yields. Take the Washington Post editorial…
I’ve had a revelation, I don’t think it is a hallucination. It has to do with digitalization. I now have a fascination, With tokenization. Dear Reader, I’ve been in Palm…
Ronald Reagan’s father lost his job on Christmas Eve. It’s a reminder of how different things used to be. Since life was so much more uncertain over 100 years ago for the average American, it’s no…
Do you remember the legislation that put incredibly affordable supercomputers in our pockets, or the federal decree that made Artificial Intelligence (AI) access as costless as an internet…
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