market bomb

A Warning from Two Hedge Fund Managers: Rigged to Fail

– September 25, 2020

“At the end of the day, we should all learn from history. We have seen which monetary policies work and which ones fail. We know what a drunk looks like and we know an unsustainable market when we see one. Eventually there are consequences for risky behavior. Relying on proven principles may not be as glorious or exciting but it will guarantee we actually come out in one piece.” ~ Ethan Yang

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gavin newsom

Abolishing California Passenger Cars Could Reduce Global Greenhouse Gases – by 0.26%

– September 25, 2020

“Governor Newsom claims the right to dictate what sort of new cars Californians can buy, but not until 2035. When 2035 arrives, a different California Governor and legislature will surely ignore Newsom’s political time bomb. For one state to switch to electric cars would be demonstrably irrelevant to global warming, but not to the right of that state’s consumers to spend their earnings as they wish.” ~ Alan Reynolds

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elephant, donkey

Don’t Be a Party to Parties

– September 24, 2020

“Despite the Founders’ dislike of political faction, critics might retort, we have had political parties since the early 1790s and the economy has grown at modern rates ever since. That is right, but America has managed to grow despite slavery and tariffs and scads of other bad policies enacted by partisans. Think of how rich America would be today without those policy disasters.” ~ Robert E. Wright

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capitol hill

The Aristocracy of Pull

– September 23, 2020

“The reader of Political Capitalism will be pulled away from blackboard models of perfect worlds we can imagine, but they will come away with a better understanding of the world we actually inhabit.” ~ Art Carden

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tax, government, business

New Jersey’s Transaction Tax Grab

– September 17, 2020

“The way in which political figures view financial markets are a litmus test for their overall understanding of economics.” ~ Peter C. Earle

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Yes, 2021 Could Be Worse

– September 16, 2020

“Buck up, buckaroos, because 2021 is just a cultural construct anyway. The world will improve not on an arbitrary day but when you all decide to make it a better place.” ~ Robert E. Wright

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washington & lee, campus

So You Want to Overthrow the State: Ten Questions for Aspiring Revolutionaries

– September 15, 2020

“A course that asks students to put themselves in the positions of aspiring revolutionaries and to prepare their own revolutionary manifestoes is extremely creative. I think it’s the kind of course from which students can benefit mightily–if, of course, they ask the right questions.” ~ Art Carden

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Coase and Covid: The Individualized Option

– September 14, 2020

“The case, in short, for government-orchestrated NPIs is simply invalid. Why was Coase ignored and the individualized option never considered? And why will so many people continue to reject it?” ~ Donald J. Boudreaux & Lyle D. Albaugh

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Corona’s Culture of Coercive Compliance

– September 14, 2020

“We are not to ask certain questions, according to the politicians, the experts, our friends. It’s over when we say it’s over, they say. We must keep each other safe. So cover your nose and mouth. Stand six feet apart. Stay home. Comply.” ~ Jenin Younes

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California’s Dreaming

– September 13, 2020

“AB 2088 could break the back of the Donkey party or unleash another dangerous wave of mostly peaceful protests throughout the land. This time, though, the fatal arrogance comes not from London but Cali you-know-what fornia.” ~ Robert E. Wright

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classroom

Should K-12 classrooms teach from the 1619 Project?

– September 12, 2020

“We need not indulge the bombastic posturing of Trump, or unlikely legislative efforts to strip funding from schools, to conclude that the 1619 Project is still ill-suited for K-12 education. That is a judgement we may make on its scholarly shortcomings alone.” ~ Phillip W. Magness

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empty tables

The Empty Corona Chairs and the Spare Capacity Fallacy

– September 12, 2020

“Business responses to corona have shown us that unused items – from chairs and tables to urinals – still have value; they are still in use, even when nobody seems to be occupying them. Most importantly, government spending has little ability to raise that utilization. For this age-old economic fallacy, free lunches remain elusive.” ~ Joakim Book

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