Cigarettes were referred to as “coffin nails” as early as 1906. That’s what George Will writes at the Washington Post. Will adds that the U.S. Surgeon General didn’t designate smoking as a possible…
An insufficiency of share supply was holding down Goldman Sachs shares not long after it went public in 1999. That’s why Goldman’s partners were given a chance to sell more of their shares in a…
Retirement is so last century. It’s the stuff of Bruce Springsteen songs about gallant Americans picking themselves up each morning to do work they can’t stand, but that they do with fantastical…
No individual, corporation, or government ever gets to choose how much money to borrow. Only in academic and pundit circles is such a fanciful notion accepted as realistic. A recent op-ed penned for…
“Daddy, that’s not fair.” The late, great P.J. O’Rourke used to joke about one of his young daughters pulling out the “fair” card, only for the satirist to respond with how unfair it was that she was…
I read Atlas Shrugged in 1994. It was also in 1994 that I first read about cable television visionary John Malone. He was in the news quite a bit thanks to the growing prominence of cable, but also…
“I didn’t get better on his steady dose of antibiotics, the constant pain didn’t go away — while the advice to go off antibiotics entirely led to disasters, where I stopped the drugs and…
The idea that defense spending should somehow be a consistent percentage of GDP is as fallacious as it is wasteful. Consider a recent Washington Post editorial. It oddly asserted that “Throughout the…
Budgetary experts have been promising us a future “crisis” related to the national debt for years, and in some instances, decades. If you’re reading this, you likely know some of their names:…
It’s Jeff Bezos’s money. And it wastes words to say that he has a right to not lose tens of millions annually on the Washington Post. At the same time, it seemed like Bezos knew he would lose…
Government spending is by far the biggest, most freedom and economy-sapping tax of all. While Larry Ellison, Elon Musk and Reed Hastings will work at all sorts of tax rates, they can’t innovate…
The great Andy Kessler says it’s “crazy” that California imports oil extracted in Iraq. Or maybe not. As Kessler knows better than anyone reading this, rare does a week go by that some…
No individual or nation need ever worry about the supply of oil or Artificial Intelligence (AI). The latter holds true whether both are sourced across the street or on the other side of the world. …
Money doesn’t solve poverty. Say repeatedly what politicians don’t grasp. Republican politicians used to understand that money is unequal to poverty, but in modern times they’ve become as wedded to…
The minute immigrants touch land in the United States, their economic value soars. That’s because the workers, machinery and training that they get to match their talents with in the U.S. well…
A balanced federal budget in the United States is consistent with a massively bloated government operating well beyond its constitutional limits. This is what the budgetary experts at libertarian and…
Low interest rates aren’t decreed by central planners to the economy’s betterment, rather they’re an effect of productive economic activity of the kind that rates low interest loans… Continue reading…
Do you fear the theory of “global warming”? If so, how deep is your fear? As in would you be willing to bet a substantial amount of your net worth that the theory is not just real, but earth…
I’m very grateful to Dave Hebert that he’s never gone wobbly on the genius of free trade. He’s right that we agree. Why my response to his? It’s an attempt to convince him not about free trade, but…
To discover the U.S. and what the Founding Fathers meant, drive a state or two or three of the United States. About the opening sentence, it’s not a trite tribute to the “Real America” that can…
“Roaches check in, but they don’t check out.” That was the iconic line from the 1970s/80s Black Flag Roach Motel ads. At risk of wasting words, roaches would enter traps that they would never be able…
Conservatives and libertarians talk rhapsodically about markets, while sometimes ignoring the market signals that reject their occasional alarmism. Which is why Montgomery College economics professor…
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