Friday, July 28, 2017

Economics

Healthcare: A House Divided Cannot Stand

The latest healthcare initiative from the Trump administration and the Republican Party’s leaders in Congress seems set to sink just like the last version. Mitch McConnell can’t seem to round up the votes to...

The Big Crash Is Coming

American statists are convinced that the modern-day United States is immune from an economic catastrophe arising from its welfare-state, regulated-economy way of life. They say that out-of-control federal spending and debt is nothing to...

What Some Stocks Are Doing Now is Crazy

We saw a lot of stocks go up huge in May and then have key reversal days on June 9th on high volume. NVDA for instance went up over 68% in less than six weeks. Then...

The Story of Gold and Bitcoin: Bulls Make Money and Pigs Get Slaughtered

There is nothing wrong with being a bull in the stock market or a bear for that matter either. Nothing at all in fact. It's about seeing the trend and getting aligned with it. But being a...

Are Schools Limiting Education?

In Senator Ben Sasse’s recent book, The Vanishing American Adult, he argues that America is experiencing “a coming of age crisis.” He observes that kids are growing older without maturing; that, like Peter Pan,...

Death Panels: Sarah Palin Was Right, Sort Of

In 2009, former Alaska governor and vice-presidential candidate Sarah Palin raised the kind of ruckus she’s known for with her comment on the then-notional Affordable Care Act, aka “ObamaCare.” In a Facebook note, she...

TGIF: We Are the Economy They Want to Regulate

Critics of the libertarian philosophy think they can score points by calling libertarians "market fundamentalists." It's supposed to conjure images of dogmatic religious fundamentalists, just like the term global warming denier is supposed to conjure...

Illinois: Land of Legal Plunder

With the help of Republican Sen. Dale Righter (Mattoon-55), the Illinois Senate voted 36-19 to override Gov. Bruce Rauner’s (R) budget veto on Independence Day. Two days later, led by longtime Democratic Speaker and Chicago...

Minimally Convincing

Two high-quality studies of the disemployment effects of the minimum wage are getting a lot of attention.  The first looks at Seattle.  Punchline: This paper evaluates the wage, employment, and hours effects of the first...

Trump’s Maoist Steel Obsession

“If steel and iron works, copper mines, and sawmills cannot be operated to their full capacity, the reason can only be that there are not enough buyers on the market ready to purchase their...