Few things in life are more certain than the costs of something exploding whenever government embarks on programs to make them “affordable.” It took just five years after the passage of the “Affordable Care Act” for insurance premiums on the private market to more...
The GameStop saga shows some "equity" movements are more equal than others. Stakeholder theory, the corporate version of social justice, attempts to install this hopelessly amorphous concept of "equity" in the business world. Equity, unlike equality, demands different...
Among the hotly contested list of Joe Biden’s promises is an increase of the federal minimum wage to $15 an hour. There are plenty of sound reasons to oppose government minimum wage laws, but there is one objection making the rounds that is based on bad economics and...
Deepak Lal, a prominent, pro-market, development economist wrote the following words in his 2004 book, In Praise of Empires: Empires have been natural throughout human history. Most people have lived in empires. Empires and the process of globalization associated with...
In the debate over whether or not China will soon rise to challenge the United States as the world’s hegemon, it is often assumed that states with large aggregate economies are necessarily more militarily powerful ones. This stems from decades-old methods that remain...
Something good is coming out of the covid lockdowns. Economist David Rosenberg released a special report via the eponymous Rosenberg Research, concluding “the pre-COVID-19 ‘norm’ of a 7% personal savings rate will morph into a post-COVID-19 norm of 10%.” Rosenberg...
Prussian general and military theorist Carl von Clausevitz famously said that "war is a continuation of politics by other means." I think we can reverse this: politics is war by other means. The ultimate aim of politics (in the narrow sense of the word; there's a more...
The big worry among the bitcoin perma-bears is the threat of government ‘making it illegal.’ The latest bogeyman on this front is none other than U.S. Treasury Secretary Steve Mnuchin. Rumors float that he’s considering outlawing ‘self-custody wallets,’ in effect...
