Not Fake News: the true impact of the Fed and what Shelton could do to challenge it
President Trump’s nomination of Judy Shelton to the Federal Reserve Board could be a huge win for sound money and reining in the Fed.
Netflix Lays Further Waste To the ‘Quarterly Capitalism’ Narrative
According to market data firm CB Insights and accounting firm PwC, technology start-ups managed to raise $55 billion worth of venture capital in the first half of 2019. This dollar amount is the most raised since the year 2000.
Not Fake News: Facebook’s Libra and Why it Matters
In John Tamny’s latest edition of Not Fake News, John takes a look at facebook’s new cryptocurrency, the Libra, and discusses its potential benefits for the global economy.
Facebook’s Libra Is A Global Reaction To Endless Currency Instability
With its proposed introduction of the Libra, Facebook is thankfully aiming to enhance the ability of individuals to exchange with other individuals. Will it succeed? Who knows? Foroohar thinks not, so she dismisses the very notion of the Libra with misplaced and misinformed contempt. She misses the point. To see why, please read on.
Left and Right Agree About the Fed, and That’s Too Bad
When the 21st century began, “internet cafes” were a thing. Hard as it may be for some to imagine now, bricks and mortar businesses existed into which individuals would enter with an eye on renting both a laptop and internet time.
‘It’s the Spending, Stupid!’
The Congressional Budget Office has just released its mid-year update on the federal fiscal situation, and it portends a debt avalanche. But don’t bother to tell Sens. Bernie Sanders and Elizabeth Warren that. They’re busy advocating tens of trillions of dollars in new federal spending.
Inequality Has Surged Since 1989, and Life Has Become Much Easier
Originally published in Real Clear Markets, 6/20/2019 I first read about “imported inputs” in a Wall Street Journal editorial published sometime in the late 1990s. It’s a near certainty that the editors of the world’s most important editorial page had written about them before, but it was around then that this most elementary of concepts […]
Resisting price controls on prescription drugs
Originally published in the Washington Times, 5/17/2019 President Trump has made great strides in dismantling the big-government legacy of his predecessor, Barack Obama. Historic tax cuts, dozens of regulations cut for every new one implemented, and two conservative Supreme Court justices, to name a few. President Trump’s free-market reforms have proven wildly successful. The economy […]
If the Fed Can Stimulate, Why Is Middletown Still So Poor?
Originally published in Real Clear Markets, 5/16/2019 Middletown, OH is the locale of the much-read and much-commented on J.D. Vance memoir Hillbilly Elegy. Vance describes a part of the U.S. that’s been economically collapsed for quite some time. Middletown’s relentlessly downtrodden situation came to mind while reading a Wall Street Journal excerpt of former Fed […]
Fewer Manufacturing Jobs, and More Millionaires
Originally published in Real Clear Markets, 5/7/2019 A recent study by market research group New World Wealth revealed that 108,000 millionaires “migrated across borders” in 2018. Australia, the United States, Canada and Switzerland were the biggest recipients of the well-to-do, while Turkey, India, Russia and China were the biggest losers. We emphasize losers simply because […]
