“I’m way too smart for Barack Obama, and I was way too smart for George W. Bush.” Those were the words of Houston businessman Ron Farmer in February of 2009. Keep the time when Farmer said what he…
Whether it’s actual inflation, or the kind of “inflation” that only economists and their media enablers tend to imagine it to be, a consensus invariably emerges that the Federal Reserve must “raise…
Back in the 1980s and 1990s, and likely before that, the University of Southern California (USC) had the reputation of a “safety school.” The biggest challenge to what some referred to as the…
In a recent article published in the Wall Street Journal, it was reported that credit-card giant Visa offered Costco a rather princely, anti-competitive deal in 2014. At least that’s the impression…
Humans don’t take wealth, they create it. And they create it by virtue of dividing up work with other humans and machines. It’s called specialization, and it’s the root of productivity. These…
It was recently revealed that lefty economist Robert Reich is not – gasp – an economist. It turns out he’s just a left-wing lawyer. The joke is on those who think Reich’s lack of a PhD is the source…
“Do you honestly think you’re going to replace this?” The previous question should be printed and framed in poster-sized fashion at the Department of Justice’s (DOJ) antitrust trust division. The…
Gold is referred to as a constant for good reason. It’s price doesn’t move. What moves are the currencies in which it’s priced. Which is a reminder that when the price of gold in dollars declines,…
Honore de Balzac observed in seemingly acidic fashion that “Behind every great fortune there is a crime.” Eventually FDR latched onto Balzac’s nonsensical notion, and now it seems to be gaining…
Credit cards are used by billions of consumers at billions of businesses precisely because buyer and seller alike gain so much from their existence. Consumers can purchase what they want when they…
“If you want to know what raising a family might look like under a Kamala Harris presidency, look to this Rust Belt city.” Those are the words of Washington Post economics columnist Catherine…
“My husband and I were going to retire at 65, but the house we owned was too big and too expensive. We downsized to a co-op. Working longer helped, too, both financially and because I love what I…
“Why can’t you pulverize the market just by buying the stocks with the highest share prices?” The previous question was asked by Jason Zweig, author of the rather excellent “Intelligent Investor”…
“We seem to be having an arms race. It’s emblematic of the complete breakdown of any kind of responsibility about the budget.” Cal-Berkeley economist Alan Auerbach said the latter in a recent Wall…
After a successful head coaching career that included a .668 winning percentage (148-79), and one Super Bowl appearance (a victory), Tony Dungy was voted into the NFL Hall of Fame. Notable about…
There’s a price for every good and service. Always and everywhere. This is a notable point at the moment, and in light of the never-ending talk about whether home insurers will or will not continue…
ber really started to become a thing in 2012. It was a spectacular revelation. Gone were the days of worrying about calling a cab or hailing one in order to get to the airport. Similarly gone were…
Do you the reader transact with cryptocurrencies? Do you store wealth in them? Particularly if the answer is no, it’s useful to think about such an answer in light of a recent national poll conducted…
Last week Elon Musk made waves with his latest effort to promote automation on our roads and in our homes. Seeing the sleek taxicabs and helpful robots gave hope to some, while instilling fear in…
“They’re on track to becoming the richest person on earth eventually.” Those are the words of Cullen Hoback, creator of a new HBO documentary (“Money Electric: The Bitcoin Mystery”) which purports to…
The protectionist attacks on TikTok continue, this time care of thirteen state attorneys general and the District of Columbia. The New York Times reports that the multi-state lawsuit against TikTok…
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…
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