04/14/2021
Today

Calling for Biggest Jobs Investment Since World War II

Kamala Harris, USA Today

Millions are unemployed. The American Jobs Plan will create blue-collar jobs. For those who need training, President Biden's plan will provide it.

Biden and Yellen's Nutty Corporate Tax Rate Plan

Richard Rahn, Washington Times

In 2020, a great global pandemic not only affected people's bodies, leading to death in many of the elderly, but also caused the global political class to lose a non-negligible number of IQ points.

The Biden Administration Quietly Obsessing Over Inflation

Jim Tankersley, NYT

A monthslong effort to monitor and model economic trends inside the White House and the Treasury Department found little risk of prices spiraling upward faster than the Fed can manage.

What Flip-Flopping Dollar Fears Say About the Stock Market

Ken Fisher, RCM

Remember last summer? Pundits warned the falling dollar foretold economic and market doom? Continued growth and surging stocks proved notions of greenback prescience were phooey. Now, doomers fear the reverse: a rising dollar—claiming it signals a stalling global recovery—and looming danger for US stocks. More hogwash. History proves currency moves predict neither market direction nor country leadership. Today's dollar rise merely reflects an underappreciated bullish reality: America's golden gridlock. Let me explain.

What's Going On with New Boom Economy?

Bruce Yandle, Washington Examiner

Upward revisions of gross domestic product growth are the order of the day. In the last few weeks, we've seen Wells Fargo, the Wall Street Journal economists survey, and the Congressional Budget Office raise their 2021 growth forecasts for the United States to 6% or better. And now, the…

Tech Billionaires "Very, Very Quiet" About Higher Taxes

Theodore Schleifer, Vox

It is relatively easy for a billionaire to say they support higher taxes. More is on the line if they are asked to do something about it.

Streaming Event Today

Various, THE NEW MONETARY REGIME

Join Law & Liberty and the Real Clear Foundation live from Liberty Fund for a discussion on the growing crisis of inflation and debt.

'Hold My Beer' Phase of the Cycle Is Upon Us

Dan Ferris, American Consequences

From ARK Invest to Archegos Capital, Dan Ferris showcases profiles in investing hubris and how to avoid the market's speculative frenzy.

2021 Midas List: A Look at World's Top Venture Capitalists

Alex Konrad, Forbes

For the world's top venture capital investors, spotting tech's next unicorns is just another day at the office.

How to Prevent the Next Vaccine Famine

Harold Furchtgott-Roth & Kirk Arner, RCM

"Psst…do you know where to get a COVID vaccine?" For the past few months, this question has been asked repeatedly, and urgently, by tens of millions of Americans, many of whom are resorting to the services of volunteers to navigate convoluted websites in the middle of the night. Yet at the same time, millions of Americans who are eligible for vaccines have simply refused them, with countless doses routinely ending up in the trash. To many government officials, this is but collateral damage, only minorly detracting from an otherwise successful centrally-planned distribution system. ...

On Vaccine Passports and the Interpretation of Reality

Donald Boudreaux, AIER

"Where I see liberal civilization being brutally transformed by a Covidocracy into what David Hart calls a 'hygiene socialist' society, other people see civilization being compassionately reset into a safer and more humane arrangement in which, presumably, no one ever again will be killed or...

Absent Resistance, Mindless Mask-Wearing Could Persist

David Marcus, NYP

Yes, masks reduce the transmission of airborne illnesses. You know what else reduces transmission? Staying in a protective plastic bubble in your living room.

Housing Boom to Continue

Brian Wesbury & Robert Stein, First Trust Advisors

Is Faster CPI Here to Stay?

Richard Moody, Regions Bank

Will Rising Federal Debt Slow Econ. Growth?

Liz Ann Sonders, Charles Schwab

Over the past 70 years, rising government debt generally has been accompanied by weaker economic activity. But it's not a simple relationship.

Analyzing the Energy Rally

Russell Redenbaugh & James Juliano, Kairos Capital Mgmt.

Speculative Trades Take a Breather

Liz Ann Sonders & Kevin Gordon, Charles Schwab

Trendy and speculative trades have gained micro bubble status and rolled over of late, but their weakness hasn't infected the broader market.

Janet Yellen Is Incorrect on Tax Competition

Chris Edwards, Cato Institute

Nations competing to have better policy is not a zero‐​sum game.

Managing Credit: How We Fool Ourselves

Carrie Schwab-Pomerantz, Charles Schwab

When it comes to maintaining good credit, don't let myths and misconceptions fool you into bad decisions.

How Biden Can Free America From Its Zoning Straitjacket

Edward Glaeser, NYT

If a state wants funds for infrastructure, it should meet strict conditions about housing construction.

Shabby Tourist Treatment Threatens New York City

Nicole Gelinas, New York Post

Here's an economic-development idea for Gotham's political class: How about we stop shooting and stabbing our tourists? In the past few months, visitors from Kansas to Belgium have braved a p…

This Vaping Visionary Became a Billionaire Vy. Quickly

Giacomo Tognini, Forbes

Kate Wang, 39, jumped into the ranks of the world's richest when her vaping company RLX went public on the New York Stock Exchange in January. Now the Procter & Gamble and Uber veteran faces looming threats from Chinese regulators and skeptical investors.

Fauci At a Baseball Game Reveals Horrors of Experts

John Tamny, The Daily Wire

Imagine a future defined by the past. For the purpose of When Politicians Panicked, imagine a future of laughing, cheering, joyous crowds at amusement

Biden's Gaslighting Isn't a Great Way to Run An Economy

Tim Worstall,Examiner

The Biden administration appears to be gaslighting the entire nation.

Making Business Argument In Favor of Childcare Reform

David Merage, The Hill

I built my career and many successful ventures on the free market. I know when a system is not working.

Airlines Not Roaring Back Yet

Tom Stalnaker & Khalid Usman & Andrew Buchanan, CNN

Leisure air travel in the United States is on track to recover much more quickly than originally expected, thanks to the expedited distribution of vaccines, recent Covid-19 relief and economic stimulus legislation and pent-up demand. We now predict leisure travel in the United States will return to 2019 levels by early 2022. But even with the uptick in bookings, the industry still faces tough challenges ahead.

How Much to Perhaps Worry - Or Not Worry - About Inflation

Emily Stewart, Vox

9 questions about inflation you were too afraid to ask.

The Zip Codes Contributing Most to NYC's Outflow

Steve Cuozzo, New York Post

New York City's population drain in 2020 occurred not only in wealthy Manhattan enclaves but in less well-off neighborhoods across the five boroughs, according to a new report by real estate firm C…

Republicans Just Can't Handle the Real Truth About Taxes

Albert Hunt, The Hill

Since the fall of the Berlin Wall, tax cuts have been the only glue that holds increasingly disparate Republicans together.

C-19 Was an Economic Tragedy: Int.w/John Tamny

Tom Woods, Tom Woods Show

Our old friend John Tamny of RealClearMarkets.com joins us to discuss the economic folly that accompanied the coronavirus panic. Sponsor Blinkist lets you read

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

A Triumph of Democracies?

Editors, The Christian Science Monitor

One vision from a U.S. government think tank imagines how innovation and scientific progress could pave the way.

The High Priced Hustle Of Financial Domination

Alexandra Weiss, New York Times

The high-priced hustle of financial domination, where "pay pigs" send tributes to their cash masters.

US Households' Financial Security During COVID

Stan Treger, Morningstar

How different groups' household finances fared--and what we can do to improve.

The FDA's J&J Pause Will Kill People

Ronald Bailey, Reason

The risks of blood clots are much lower than the risks of COVID-19 illness, hospitalizations, and deaths.

Confessions Of An Overnight Millionaire

Anonymous, Intelligencer

I'm Rich Now. It's Weird.

The Definition of Inflation

Charlie Bilello, Compound Advisors

There is one definition of inflation that seems most applicable to today… "Too much money chasing too few goods." We are seeing the impact of trillions of dollars in stimulus money chasing a limited supply of goods almost everywhere you look.

What Biden's Housing Plan Is Missing

Jerusalem Demsas, Vox

Fed up with skyrocketing housing prices, voters support strong federal action.
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