“He was just the waiter.” That’s what one of the owners of legendary New York steakhouse Peter Luger said about Wolfgang Zwiener. “All” he’d done over the decades was wait tables at Luger’s, and this…
Whatever worries you about what’s going on in the world, stop. The advice is wise not because your fears aren’t potentially valid, but precisely because they’re potentially valid. If they are, rest…
It always interested Cato Institute co-founder Ed Crane that while left-handed writers represent roughly 11 percent of the population, something like 40 percent of Cato’s staff wrote left-handed.…
“Carried interest” is extraordinarily misleading. It implies a fixed and very certain income stream in the way that interest bearing accounts at banks do. Which is the problem. Carried interest is…
100% percent of any Department of Government Efficiency (DOGE) savings should be returned to taxpayers. This shouldn’t even be a debate, but sadly it will be since neither side of the ideological…
There was no “Bidenflation” from 2021 to 2022. History books will make clear that there were rising prices, not inflation. There’s a difference. Just the same, the dollar has declined fairly…
“I keep a button on my desk that says ‘Life?’ Of course I have a life. It’s a life filled with books.” Those are the words of Michael Dirda, Pulitzer Price-winning book critic for the Washington…
Roughly a fifth of Apple’s iPhones are sold in China. Repeat the previous anecdote over and over again, and ideally convey it to Anthropic CEO Dario Amodei and Matt Pottinger, chairman of the China…
Laments about the state of education are arguably as old as education is, or close to it. And they’ve always been a waste of time. That’s because knowledge isn’t bestowed on us as much as it’s…
When Donald Keough took over as President and COO of Coca-Cola in 1981, one of the first things he did was walk the halls of the company’s headquarters to get to know the employees. He asked each…
The U.S. has a massive budget and eye-popping debt precisely because Congress annually fleeces the rich. To believe otherwise is to believe in Santa Claus, ferociously dumb markets, or both. What’s…
The Trump Administration is off to a fast start. While closing the border, DEI reversal, needed tax legislation and the work of DOGE are getting the headlines, the area that I am most excited about…
Without defending Joe Biden’s unfortunate presidency, future economics books will correct the “Bidenflation” narrative that Republicans and Democrats continue to embrace. Inflation is a decline in…
“He’s not going to play Division I football.” That’s what a Division I coach told Chris Cox, the defensive coordinator at Chris Jones’s high school (Houston High) in Mississippi. The skeptic couldn’t…
If leaders of other countries ever really want to weaken the United States, they should embrace collectivism. It’s that simple. Which is but a small reminder that imports never hurt the United…
“They have treated us very unfairly on trade.” That’s one of President Trump’s most frequent economic themes, and he has a point. So do “they.” To see why, it’s easy to forget that no one buys or…
As the Wall Street Journal’s Greg Ip reported last month, the Los Angeles fires had caused an estimated $50 billion worth of losses, but that only $20 billion worth of those losses were insured.…
Amazon and Google are fighting gallantly to remain relevant. Whether or not they will remain relevant is a question that hundreds of billions worth of investment will answer. To which more than a few…
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…
“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…
The Parkview Letter
Read John Tamny in your inbox
John Tamny’s latest essays on the economy and public policy, delivered by email.