10/18/2021
Today

Biden Spending Spree Will Lead To U.S. Collapse

Kevin Williamson, New York Post

Our budget game is one part musical chairs, one part Russian roulette, and somebody is going to have to lose when the music stops.

Here's All the Good In Joe Biden's Spending Bill

Michael Hiltzik, Los Angeles Times

Do you know what the reconciliation bill would pay for. Here are key provisions.

Biden Can Talk Socialist Because He Can't Govern As One

John Tamny, Forbes

Joe Biden's ability to talk like a socialist is directly related to his inability to govern like one.

Roman Empire Reminds Us Confidence In Currency Is Crucial

Rob Smith, RCM

I am a people person, and always enjoy meeting new people, especially if we share the same passions. Sometimes fortuitous circumstances bring people with similar interests together, as what happened to me the other day. GEORGE MAHER reached out to me after reading a recent article of mine: What Causes Societies to Rise and Fall. George holds a PhD in the economy of the Roman Empire from King's College London and a bunch of other fancy degrees. While I was writing the article, I thought to myself, I sure would like to know more about the Roman monetary and fiscal system. Then George called...

Broader Shift to Remote Work Calls for Crucial Tax Clarity

Andrew Wilford, RCM

Last month, Rite Aid announced that it would be transitioning its corporate workforce to a "remote-first" model of work. The pharmacy giant is hardly the first company to announce a shift toward remote work — in fact, it's fast becoming a standard in the wake of the pandemic for some businesses that can manage remote work to offer the option. That means that it's more important than ever for states and the federal government to create clarity about how state income tax burdens will function in a remote-working world.

Sh...High Inflation Rates Still Appear 'Transitory'

Market Minder, Fisher Investments

Pundits and policymakers alike seem fooled by statistical skew in September's CPI.

Would the Senators Please Remind FERC of Its Mandate

Benjamin Zycher, RCM?

Confirmation hearings can be bombastic and they can be banal. But there always is the option of reminding agency nominees clearly of the central responsibilities of their jobs upon confirmation, an important opportunity that now presents itself with the hearing October 19 before the Senate Energy and Natural Resources committee to consider the nomination of Willie L. Phillips Jr. to be a member of the Federal Energy Regulatory Commission. FERC has a mandate that is relatively straightforward conceptually, however complex in terms of implementation decisions. To wit: "Economically Efficient,...

Congress Must Step Up on Crypto, or Biden Will Crush It

George Nethercutt, Hill

With the Biden administration heading in the wrong direction on crypto regulation, Congress urgently needs to step in.

Why the "Big Short" Guys Think Bitcoin Is a Mania

Michelle Celarier, Intelligencer

Are they onto something huge again — or just fighting the last war?

Simplest Explanation for America's Supply Chain Woes

Jordan Weissmann, Slate

Snarled ports. Empty store shelves. Panicky Christmas shoppers. It all flows from one issue.

The Global Economy's 2020 Hangover Is Far From Over

Allison Morrow, CNN

It's almost 2022, but 2020 isn't done with us yet.

Corona Justice Warriors: Our Tyrannical Flagellants

Jeffrey Tucker, Brownstone

Every tyranny in history depended on recruits from within the culture. The desire to cleanse society of enemies compels compliance.

What You May Miss by Staying in Cash

Collin Martin, Charles Schwab

Rather than waiting on the sidelines, consider short-term, fixed-rate corporate bonds.

The 'We Need More of Everything' Economy

Richard Moody, Regions Bank

The Death and Birth of Technological Revolutions

Ben Thompson, Stratechery

Carlota Perez documents technological revolutions, and thinks we're in the middle of the current one; what, though, if we are nearing its maturation? Is crypto next?

Inflation: Persistently Transitory

Jeffrey Kleintop, Charles Schwab

Persistently going from one transitory source of inflation to the next may keep inflation elevated for longer than markets currently anticipate.

You Don't Have a Financial Plan? Why Not?

Carrie Schwab-Pomerantz, Schwab

Here are the top five reasons people give for not having a financial plan—and why everyone needs one.

Transitory Inflation Makes Itself Right at Home

Richard Moody, First Trust Advisors

The Real Essentials of Automation

Martin C.W. Walker, LinkedIn

With advances in artificial intelligence (AI), it seems that the range of economic activities that can and will be automated is now limitless. Not for the first time, society is both thrilled and fearful of the opportunities.

Dems Want to Soak the Rich by Snooping on the Poor

Matt Welch, Reason

Nancy Pelosi, Elizabeth Warren, and co. insist that the IRS needs to know about $600 bank accounts.

What's Right Often Sounds Crazy

Collaborative Team, Collaborative Fund

How to survive a world when what's right almost always sounds crazy at first.

A Trillion Dollar Disaster For Insurance Companies

Umair Irfan, Vox

Insurers are getting rocked by climate disasters. They're also shaping how we prepare for the next one.

Rising Rents Fuel Inflation, Pose Trouble for the Fed

Jeanna Smialek, NY Times

Economic policymakers have said inflation will prove temporary, but rising rents may challenge that view and pressure Washington to react.

Inflation Is Evil

Sheldon Richman, Free Association

Inflation is insidious.

Disco Inferno?

Ryan Avent, The Bellows

On stagflation, and other risks

Why Some People Invest and Others Don't

Stan Treger, Morningstar

What makes some people more inclined to invest than their peers?

The Great Supply-Chain Massacre

Diane Coyle, Project Syndicate

It is unclear whether current widespread product shortages are merely a temporary disruption or evidence of a global production meltdown. But today's supply shocks offer striking parallels with the 2008 global financial crisis, and may require a similarly bold policy response.

Is China A Buy After A Year Of Troubles?

James Picerno, The Capital Spectator

The once-bulletproof argument that investors could do no wrong by owning China stocks has suffered a reversal of fortunes in 2021. Cue up the contrarians, who are wondering if the correction in the country's equity market this year, in sharp contrast with much of the rest of the world, hints at a buying opportunity.

No, Joe Biden Can't Save Christmas

Eric Boehm, Reason

We've turned the presidency into an omnipotent office, and we expect that our gifts and government checks will be delivered on time.

Left & Right, Both Hunting the Satanists

Alex Tabarrok, Marginal Revolution

Far left or far right, both sides are huting for satanists.

Time Horizon is Everything For Investors

Ben Carlson, A Wealth Of Common Sense

Two investors can have completely different opinions about a specific stock or the market and both can be right (or both can be wrong). It all depends on the time horizon.

Beware the Hype Around New Technologies

Julie Segal, Institutional Investor

Technological disruption is coming for the services sector. But the blueprint may look nothing like what happened when tech reshaped manufacturing and retail.

Squalor By the Seaside

Soledad Ursúa, City Journal

Homelessness and RV fires have overrun Venice Beach, California.
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