Coco Cay, Bahamas – Royal Caribbean’s Utopia of the Seas cruise ship had its maiden voyage just last month. Construction of what exceeds 1,100 feet in length took place in Saint-Nazare, France, but…
The “Showtime” Los Angeles Lakers of the 1980s always seemed so happy. This was particularly bothersome to me as a Boston Celtics fan growing up in the Los Angeles area.
According to University of Chicago economics professor Casey Mulligan, what he deems “inflation” was actually instigated by then Vice President Kamala Harris. Wow! Who knew VPs had so much power?…
Without accurate information in the form of prices, markets can’t function. As evidenced by RealPage’s prominence in the apartment software space, including what some deem “monopoly,” the market long…
Commenting on Twitter recently, Elon Musk wrote that inflation “is caused by the Federal government spending more than it earns, because they just print more money to make up the difference.”
In the future, knowledge will become increasingly narrow as more and more of the global population gets to do the work and pursue the knowledge most associated with their unique skills and…
The main thing is that the problems with CPI extend well beyond the known demerits. Prices are at best a reflection of the actual inflation, which means CPI is a distant look back to what market…
Quick: what will people do for a living in the future? How will market goods be transported to increasingly acquisitive and impatient customers? How will law enforcement protect people if a booming…
“When goods don’t cross borders, soldiers will.” There’s no documented evidence that the great 19th century free thinker Frederic Bastiat penned or spoke the previous line, but it doesn’t really…
Young people naturally expect more, but precisely because they can, they’re increasingly free to pursue narrow specialties that uniquely elevate their earning capacity.
Tipping has gotten a bad rap of late. Lots of op-eds and commentary more broadly from left and right about tips, and perhaps worse, the expectation of tips.
The most powerful evidence that CEOs are vastly underpaid can be found in the failures whose pay so angers the easily instigated. In seeing what they were paid despite overseeing declining corporate…
Tech visionary Susan Wojcicki died of lung cancer on August 9th. It’s always sad anytime someone dies too early, but it’s especially sad that Wojcicki won’t get to see more of the future she helped…
Remarkable abundance will be one of the many benefits of more automated production and thought, and from it will emerge all sorts of jobs that never could have been work in the past.
While the future is always unknowable, one historical truism about Wall Street is that it’s long rewarded those who produce accessibility at low costs. So why not let Wall Street try its hand at…
“I cannot defend why that roof was not better secured.” Those are the words of Ronald Rowe Jr., acting head of the Secret Service, while testifying before Congress.
The Fed is no longer the backstop to the financial system on a dark day. It’s the dominant player day in and day out.” Those are the dispiriting words of former Federal Reserve Board member Kevin…
The Parkview Letter
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