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Writing by John Tamny and Parkview contributors, from the latest commentary to the collected archive.
110 essays · Newest first
Clear filtersThere was nothing “financial” about the so-called “2008 financial crisis.” Markets quite simply ARE. They’re neither left nor right, nor are they biased toward one Party or another. They just tell…
Forgotten by PhD types eager to elevate their economic intelligence by denigrating Trump’s is that frequently they reveal their own limitations while explaining Trump’s… Continue reading on Forbes.
The Federal Reserve is a full employment act for economists, both inside the central bank and outside of it. Please keep this in mind amid all the debates about what the Fed will do, how independent…
“Increased cash flow allowed TCI to borrow more money and pay higher total interest costs on it, which we used to buy still more cable systems.” That’s how cable television visionary John Malone…
“Speed is the name of the game.” That’s how venture capitalist Ben Braverman recently explained investing to the New York Times. He was describing the extraordinary efforts he’s made to match capital…
I just didn’t know—until the other day, when it finally hit me. Jerome Powell is God, and the FOMC is the Holy of Holies. The cherubim floating above them, fluttering their…
So much that we see as expensive in the present will be incredibly cheap in the future. There are so many examples of this, so many past examples that so many readers know well (remember…
Diamond Grille doesn’t take credit cards. On the other hand, it does take business cards. Which is why every Federal Reserve official should be required to darken its doors, along with every…
In a recent Wall Street Journal opinon piece, the historically market-oriented Hoover Institution senior fellow John Cochrane argued that “Trump’s Monetary Policy Desires Aren’t Crazy.” As part of…
“Chinese companies are pushing across the globe to conquer new markets, and U.S. financiers are making a mint by helping them.” That’s how the Wall Street Journal’s Rory Jones reported it in a recent…
“You should expect a bunch of economists to wring their hands and say ‘This is so crazy. It’s so reckless’ or whatever.” Those are the words of Open AI CEO Sam Altman as he explains the expected…
Markets are information. They’re constantly pricing the knowns and unknowns, with “markets” a perfectly apt descriptor since no one agrees about the knowns and unknowns… Continue reading on Forbes.
Thoroughgoing Keynesian Ben Bernanke once quipped to Milton Friedman (1912-2006), “You’re right, we did it. We’re very sorry.” What did they or “we” do? According to Friedman, the Fed failed to…
“I trust that you will never lose sight of the fact that millions of Americans are dependent on the Fed continuing to support the economy’s recovery.” Those are the words of Democratic Rep. James…
The Fed can’t increase so-called “money supply.” If what you just read weren’t true, rest assured a never independent Fed would have all manner of programs to place so-called “money supply” in the…
Capital flows to where it’s treated well. Remember this amid President Trump’s endless jawboning of Jerome Powell. According to Trump, along with his various cheerleaders inside and outside the…
The difference between what economists believe and what’s true is Pacific Ocean vast. Think the popular view that the Federal Reserve, by paying banks to park reserves at the central bank, is…
Kevin Warsh is married to the daughter of Ronald Lauder, the cosmetics billionaire. Warsh himself earns enormous sums on the speaking circuit, he’s got a top designation at one of the world’s most…
The Fed’s mandates are rooted in endless fallacy, most prominently the discredited Phillips Curve which says economic growth causes prices to rise. Please keep this in mind as monetary policy…
Silicon Valley VC legend Don Valentine purchased a 33% stake in Cisco decades ago for $2.5 million. Cisco is one of the many great investments made by the VCs at Sequoia Capital, and it’s worth…
Fed officials don’t grasp what inflation is. If they understood what it is, they wouldn’t be so worried about the Fed’s so-called independence. For background, contemplate a recent New York Times…
In his classic book Lombard Street, 19th century financial writer Walter Bagehot observed that due to the unwarranted prestige attached to central banks, posts within tend “to be desired by vain men,…
Remember “costless” credit? Neither do I, neither do you the reader, neither does Elon Musk. As Walter Isaacson’s biography of the world’s richest man makes very apparent, Musk was so desperate for…
At heart, I’m a confederate. Rather than centralizing power in omnipotent institutions, I favor a confederation of smaller entities bound together by culture rather than coercive…
