Economists near monolithically believe the Fed can decree “easy money” via its funds rate, that government spending grows the economy, and that by pushing its funds rate low, the Fed can engineer stock market rallies. Thankfully we have companies like Nvidia.
Nvidia’s Unlikely Ascent Is An Enemy of Stalked-by-Fallacy ‘Economics’ Read More »
The low-birthrate “crisis” is yet another falsehood belied by market signals and common sense. The alarmism is rooted in the Keynesian view that fewer babies means reduced future consumption that will sap economic growth and government revenues.
Confused Keynesianism Informs Low-Birthrate Alarmism Read More »
How horrifying to think that the price control falsely described as “net neutrality” could deprive us of what the internet could be. And it’s what we aren’t “demanding” from the internet that should really worry us. See Pretty In Pink if you’re confused.
Watch ‘Pretty In Pink’ to Grasp the Unseen Horrors of Net Neutrality Read More »
What investments will not be made if government decree makes investment in an opaque communications future too costly? Let’s hope we don’t have to contemplate the question in the future.
Consider Kimbal Musk and Zip2 Before Cheering On ‘Net Neutrality’ Read More »
The federal government should never have funded Operation Warp Speed, the 2020 central plan quarterbacked by the Trump administration to rush a coronavirus-vaccine to the people.
The Operation Warp Speed Story Worsens By the Day Read More »
The simple truth is that genius is rarely transferable, and the fact that it isn’t can almost certainly be found in TikTok’s resistance to a sale.
TikTok Without ByteDance Is Like Belichick Without Brady Read More »
“It became necessary to destroy the town in order to save it.” The previous quote, perhaps apocryphal, relates to a battle over Ben Tre in Vietnam. It comes to mind as ‘limited government’ conservatives promise their flock small government via expanded government.
GOP Promises ‘Limited Government’ Via Big Government Read More »
Fewer dollars will stretch much further in the future at the same time that the interaction of old people with retirement will change profoundly. More and more will choose work. This truth can similarly be found in nominally low savings for the future.
A Lack of Savings Is the Surest Sign There’s No Retirement Crisis Read More »
Bernanke’s belief that the Fed’s efforts to foster fake Treasury yields, fake equity and corporate bond prices, more housing consumption, and a weaker dollar are remarkable not just for how much his alleged cures are/were at odds with growth, but because the vast majority of his fellow economists think him wise.
Every So Often Ben Bernanke Reminds Us Why Economists Are So Dangerous Read More »
The problem for white collar workers and “intelligentsia” is not AI, but that its genius isn’t being felt fast enough.
If AI Is Coming for Intelligentsia, the Intelligentsia Should Cheer Read More »
