Wrapping its thoughtless actions in “national security” sanctimony, the Biden administration will weaken a U.S. always and everywhere made stronger by imports, all the while reducing the cost of war between the U.S. and Chinese by suffocating the very trade that, for making war so expensive, renders it unlikely.
When Kimbal (brother of Elon) Musk brought the idea of an online directory of businesses to the head of the Toronto Star, he was dismissed haughtily for believing with his brother that the internet would replace the Yellow Pages. The present is always the past. This is lost on Lina Khan.
Another benefit of globalized LNG markets will be the quieting of country autocrats who merely threaten to cut off the flow commodities, along with the pundits who have a naïve tendency to believe their threats.
In prosperous economies the surest sign of prosperity is relentless job destruction. In 2020, we saw job destruction of a different kind whereby panicky politicians decided economic contraction was the answer to a virus.
The FTC’s focus is essentially on the past, while Amazon spends enormous amounts of money trying to discover the future
Governments can only centrally plan the direction of resources insofar as they’ve taken them from us first, and they can only offer tax incentives insofar as they’ve overtaxed us first. The economic damage from their meddling is immediate.
If voters really want to avoid a future “financial crisis,” they would vote for Biden if he promises to go to bed after the next financial institution failure, and Trump if he promises to play golf.
In the late 1970s, Ken Langone connected Bernie Marcus and Arthur Blank with Ross Perot. They were trying to raise money for what became Home Depot, and Perot was offered the chance to purchase 70% of the company for $2 million.
That markets are incredibly stupid is pretty much implied in all the Federal Reserve commentary from the various economic religions. Think about it.
