11/13/2020
Today

Government Spending Rages On No Matter the Party

Ralph Benko, Washington Times

Welcome, President-elect Biden! You will "preside" over a federal government nominally 40,000x bigger than it was in 1789 at its creation.

The Financial Nightmare That Awaits NYC's Next Mayor

Steven Malanga, City Journal

New York's next mayor will have to contend with a fiscal nightmare.

Tyler Cowen Is Wrong About Great Barrington Declaration

Benjamin Powell, AIER

George Mason University economist Tyler Cowen is attacking the Great Barrington Declaration again today on Marginal Revolution. He writes: If you are still pondering the Great Barrington Declaration and related matters, let us try a simple empirical test about predictions.

If We Expect More from Gov't, We Should Demand Less

Christopher Baecker, RCM

“Fiscal Policy” used to be my favorite chapter to cover in my macro class. Then I started using the U.S. Debt Clock as a tool of instruction. What a bright and colorful reminder of the depressing status quo! I felt compelled to punch it up on my own time after reading former democratic vice presidential nominee Joe Lieberman’s recount of his experience from the 2000 election.

Why Age 50 & Later Is the Best Time to Found a Company

Sheila Callaham, Forbes

Although data shows increased business success for older founders, funding success can be challenging. Following these six tips from two industry insiders could make all the difference.

Why Stock-Market Bulls Can't Ignore Rising C-19 Cases

William Watts, MarketWatch

Rising COVID tally requires fiscal ?bridge? to tide over consumers till vaccine available: analysts

"Game the System" On the Path to a Better Retirement

Christy Bieber, Motley Fool

Building up a large retirement nest egg can be a challenge, but you may be surprised at how easy it is to supercharge your savings and end up with a lot of extra money in your later years. In fact, by making one simple move, you could end up with an extra $73,000 in retirement savings if you're currently middle-aged and you don't plan to retire until you're in your 60s.

Proposed 'Fair Tax' In Illinois Gets Its Just Desserts

Adam Schuster, National Review

Voters finally drew a line to reject this progressive income tax. But Governor Pritzker is still not getting the message.

How Would Big Tech Fare Under Joe Biden?

Kirk Arner & Harold Furchtgott-Roth, RCM

Despite ongoing legal battles, it’s becoming increasingly likely that former Vice President Joe Biden will winthe 2020 U.S. presidential election. Once the page on this election is turned, and the race is behind us, the question must be asked: how would Biden actually govern America? And for those interested in technology policy, how would “big tech” fare under Biden?

Rarest of CEOs Who's Multiplied Corporate Value by 1000x

Rich Karlgaard, Forbes

Russian-born Bernshteyn took over the reins of the business-spend management cloud firm when it was struggling and worth just $20 million. It's now worth $20 billion.

Xi Jinping Is Like Mao, Only for His Focus to Be Technological

Jeffrey Snider, RCM

For someone living in China, their hukou designation can make all the difference. Ostensibly a family-registration system with the government, functionally it is like a domestic passport. Not only that, it conveys certain rights and privileges exacerbating already deep economic and political divides. From its earliest Communist days, urbanization has been a Chinese priority almost always at the expense of the nation’s rural farm dwellers. From the government’s perspective, hukou has been an effective means to effect control over people as a resource; and in...

Bad News for Home Buyers: Prices Are Going Up Everywhere

Anna Bahney, CNN

While mortgage rates remain at record lows, home prices are rising in more areas across the country.

CPI Version of Inflation Reverses Course In October

Richard Moody, Regions Bank

A Case Against the Bank of England's Bond Buying

Market Minder, Fisher Investments

As the Bank of England expands quantitative easing, we revisit the program's flaws.

A Lot Has Changed In the Past Week

Brad McMillan, Commonwealth Financial Network

What to Expect from the "Lame Duck" Congress

Michael Townsend, Charles Schwab

Debate over another round of coronavirus aid and economic stimulus likely will be at the top of the agenda for the post-election session.

A Bullish Spin On a Very Good Week for the Stock Market

Pat O'Hare, Briefing.com

Charitable Donations: The Basics of Giving

Hayden Adams, Charles Schwab

Helpful tax tips for your end-of-year charitable contributions, including stock donations.

Georgia On Our Minds. Most Bullish Power Split

Market Minder, Fisher Investments

As both Georgian Senate seats potentially head to a runoff, we explore the popular theory that a Democratic presidency and split Congress is the most bullish combo.

How Much Longer Can Small Businesses Hang On?

Jeanne Sahadi, CNN Business

With no assurance that Congress will provide more stimulus soon, many business owners wonder how much longer they can hang on.

Bipartisanship Just Means More Bloated Budgets

Veronique de Rugy, Reason

Get ready for President-elect Biden to join forces with big spending Republicans.

How Pfizer Plans to Distribute Its Vaccine

Rebecca Robbins, New York Times

Success will hinge on an untested network of governments, companies and health workers.

How Quibi Imploded In Less Than Six Months

Julia Alexander & Zoe Schiffer, The Verge

The $2 billion streaming platform imploded less than six months after launch. Employees say they knew it would fail, but they were still shocked at how quickly it happened.

Elon Musk's Totally Awful, Crazy, Bonkers, Excellent Year

Nick Bilton, Vanity Fair

In 2020, the COVID-doubting, media-hating Twitterholic CEO became the third-richest man alive, SpaceX launched two astronauts into orbit, and Tesla became the most valuable car company on the planet. Inside the mind of Silicon Valley’s most vainglorious villain.

The Curse Of The Buried Treasure

Rebecca Mead, The New Yorker

Two metal-detector enthusiasts discovered a Viking hoard. It was worth a fortune—but it became a nightmare.

Facebook, QAnon & The World's Slackening Grip On Reality

Alex Hern, Guardian

The coronavirus pandemic has left us living more and more of our lives online. But the place where we chat with friends, get our news and form our opinions is full of vile and dangerous conspiracy theories. Is the world's biggest social network doing enough to combat them?

School Wasn't Great Before COVID

Erika Christakis, The Atlantic

Yes, remote schooling has been a misery—but it’s offering a rare chance to rethink early education entirely.

Investment Professionals List Biggest Mistakes We Make

Christy Bieber, Motley Fool

Investing is key to building wealth, but you could undermine your efforts if you make some common errors. Recent research from theNatixis Global Survey of Financial Professionals identified the eight biggest investment mistakes financial professionals believe are the costliest errors you can make. Here's what they are.

The Market Surge Doesn't Have Much to Do With Biden or Trump

Tim Worstall, WE

It's possible to put a little too much weight on the importance of politics, as the BBC does when it tells us that stock markets soared as Joe Biden won the election. NBC is rather closer to the truth when it notes that Pfizer's vaccine news has something to do with the stock market surge. The Dow Jones Industrial Average surged 5.9% at opening, hitting record highs, and may even go past 30,000 for the first time.

Ways Biden May Make Lasting Changes To Your Retirement

Rob Berger, Forbes

President-elect Biden is set to make lasting changes to your retirement savings. Here are 5 of the most significant changes he may pursue.

The Pfizer News Is Great, But Let's Temper Our Enthusiasm

Amesh Adalja, The Hill

Pfizer's news is generating a lot of enthusiasm.

Fisher Investments on Election-Year Uncertainty: This, Too, Shall Pass

Fisher Investments Editorial Staff, Fisher Investments

Ken Fisher on Nixing the VIX

Fisher Investments Editorial Staff, Fisher Investments

Will Uncle Sam Force Big Tech to Break Up?

Fisher Investments Editorial Staff, Fisher Investments

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

Growth vs Value, Large vs Small

James Picerno, The Capital Spectator

The value factor has fallen on hard times in recent years, prompting debate about whether this risk premium can recover as technology-fueled growth stocks eat the world.

How The World's First Central Bank Failed

Claire Jones, Financial Times

The Bank of Amsterdam is to central banking history what Little Richard is to rock ‘n’ roll.

The Big Lessons From History

Morgan Housel, Collaborative Fund

There are two kinds of history to learn from.

The Glass is Half Full and Half Empty Right Now

Ben Carlson, AWOCS

Things could get way worse before they get way better.

Biden Stands Up For Japan

Scott Sumner, The Money Illusion

It’s time to rebuild our alliances.

The Fed Has A Credibility Problem

Alexander William Salter, AIER

The Fed is too involved in credit allocation and should stick to actual monetary policy.

China's Big Tech Crackdown

Daniel Tenreiro, National Review

The canceled Ant IPO may be a big mistake.
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