Amid the worst stretch of the global political panic over the coronavirus, the U.N.’s World Food Program estimated that 285 million of the world’s poorest were on a rapid path to starvation. To even…
Former Nebraska Sen. Ben Sasse writes that “the nation’s top private universities remain delusional about the dozens of reasons a large and growing share of the public distrusts them.” What’s mildly…
Regarding the makeup of Harvard’s student body, President Trump thinks 15 percent is a more advisable number than 25 when it comes to international students. Quite reasonably Trump’s critics, and…
The rain was heavy for parts of last weekend in the Washington, D.C. area. Seeing it coming down in sheets, it got me thinking about how people used to live. How awful it must have been in the days…
Social Security is not going insolvent. Not now, and not in ten years. Write it down and do so confidently. The surest sign insolvency in no way looms in Social Security’s present or future can be…
New York Times reporters Ben Casselman and Colby Smith wrote on A1 yesterday that “There is a basic rule of thumb when it comes to the federal budget. The government should spend heavily during times…
Government spending saps economic growth, which is no insight. Instead, it’s just a comment that the centralized and politicized allocation of goods, services and labor in sub-optimal fashion by…
President Trump recently warned Walmart to not raise prices in response to his imposition of tariffs. Economists and pundits reacted to Trump’s warning with a mix of horror and haughty disdain. With…
Taiwan Semiconductor founder Morris Chang is known to be skeptical about the TSMC plant in Arizona. Not only will it be incredibly challenging to reproduce stateside what TSMC has in Taiwan, Chang…
The world becomes more amazing by the day. The surest evidence of the previous assertion is that wealth inequality continues to soar. Yes, you read that right. Inequality is a wonderful thing…
Do you prefer to lend to those who will pay you back? No need to answer. As repeated with great regularity in my upcoming book, The Deficit Delusion, money is ruthless. It must be since the genius of…
Quick, how many right-wing or populist MAGA types got their news from CNN during the Biden administration? Tick tock, tick tock? Quick, how many left-wing or Biden types got their news from Fox News…
Who was Norm Peterson? You’re aging yourself if you know the answer to the question. More realistically, you aged yourself by clicking on an opinion piece with “Norm Peterson” in the title. About…
Debt is an effect of wealth, not desperation. That’s true for individuals and corporations, but also governments. The power of compounding vivifies this truth, and explains why Apple has lots of debt…
Everyone’s got an answer for why Treasury yields have jumped recently. Yet no one knows why. Crucially, they don’t know why precisely because they think they have an answer for the movements of the…
The more that kids can cheat thanks to AI advances, the better education will become. Yes, you read that right. No need to read it again. AI-enabled cheating on homework, term papers and tests will…
In Men at Work, George Will observed that “The history of baseball is littered with stories of failures by players who thought that their natural physical endowments would be sufficient.” The…
People in Texas pay taxes too. So do workers in Florida, Tennessee and other states that don’t impose an income tax. This has seemingly been forgotten in the ongoing debate about state and local…
Meta used to be Facebook. Why state the obvious? The answer is that what’s obvious very much calls into question the FTC’s antitrust case against Meta, the corporation formerly known as Facebook. Ok,…
“Rising yields on the back of the U.S. credit downgrade is indicative of what will occur if Washington does not curb its appetite for unsustainable spending and low taxes.” Those are the words of…
Low and falling birthrates are not an economic threat. Not remotely. The latter is not a Malthusian or Paul Ehrlich-ian statement as much as it’s a statement about production. The babies being born…
Inflation is not rising prices. Deflation is not falling prices. The more production expands across a rising number of hands and machines, the lower the price. And vice versa. The Apple iPhone is an…
Immigrants are almost monolithically poor, but they have the mindset of a rich person. That’s why they’re immigrants. They want better, and will do what it takes to get better. What’s written above…
It’s so easy to forget that Congress taxes us not so that it can stare at our money, but to spend it. Which means every dollar Congress extracts in taxes is an extra dollar of control politicians…
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