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.…
“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…
A famous libertarian economic thinker, and memory says it was the late Walter Williams, was once presented on a talk show with the idea of a higher minimum wage. The suggestion was something like…
Songwriter extraordinaire Burt Bacharach died in 2023 at the age of 94. In a recent New York Times interview of Herb Alpert, the musician extraordinaire looked back to 2021 when Bacharach called. He…
While electronic payments and transfers are quite a bit safer than they used to be, there remains the forever problem of individuals devising ways to separate those with wealth from it.
George Gilder writes that “Planetary prosperity depends on the outsized genius of a tiny minority of human beings.” He’s right, and this explains the urgent case he makes in The Israel Test
You know how the best NBA and MLB teams spend enormous sums of money scouting talent around the world? The best U.S. corporations do the same. A failure to do so comes at the cost of future…
Talent matched with capital drives all economic advance, always and everywhere. Archaeologists will marvel at how many smart people bought into the Fed myth either way.
Elon Musk recently revived the notion of “government efficiency.” No, there’s no such thing. Always and everywhere there’s no such thing. It’s a mirage.
“But in May 2015, Beijing went public with a 10-year plan to dominate high-value, high-technology sectors – with the unspoken goal of destroying America’s economic supremacy.” Those are the words of…
It has always been said that Amazon killed off the local bookstore. How could what profoundly increased access to books and the fun of reading them have killed off local stores?
Marks came to mind while reading a front page Wall Street Journal story in response to Friday’s employment report. It read along the lines of “Soft Hiring Will Tee Up Fed Rate Cuts.”
Just as large majorities of the electorate were exposed to Biden’s onrushing senility, so will they be exposed to Harris’s numerous weaknesses. Which means if the Republicans lose, the loss will be…
Last Tuesday Nvidia shed over $279 billion in value. It was the biggest one-day paper loss for a corporation in the history of the stock market. As a CNN report put it, “only 27 companies on the…
Are they really laying the groundwork for more of the “the Russians did it”? About the previous question, “they” is the Democrats, and “the Russians” are their go-to anytime elections don’t go their…
Anya Gillinson’s beautifully written and remarkable new memoir, Dreaming in Russian. Gillinson’s life story is largely about her time in the United States, after she, her mother, and sister Liana…
Donald Trump and Kamala Harris have both said that if elected president, they will block Nippon Steel’s planned, $14.9 billion acquisition of U.S. Steel. They’re not being leaders.
According to Ip and GDP, savings are a global problem. For the countries in receipt of the savings. The inflow of capital quite literally brings down GDP. Yes, the more one looks at GDP the dumber it…
The Roots of STEM Excellence” can’t be found in instruction, but in people too brilliant to be held down by non-admission to an elite school, or a lack of schooling altogether.
Freedom lovers will love what’s ahead because inequality is the surest sign (and feature) of freedom, and also the most certain sign that former luxuries are being made commonplace. As always, the…