09/02/2021
Today

Humanity's Response to the Virus Sets Us Up for Worse

Donald Boudreaux, AIER

"I fear that humanity's response to Covid has put us on a terrible track, one destined to deposit us all in a horrific place." ~ Donald J. Boudreaux

SEC and Vaxx Mandates Could Save Us From Next Variant

Joyce Vance, MSNBC

LSU mandating vaccinations is a great step, especially in a region where college football is a cultural touchstone. But why not go further?

Lockdowns and Silent Economists

Jayanta Bhattacharya & Mikko Packalen, Brownstone

As professional economists, we have watched the response of much of the economics profession to COVID-era lockdowns with considerable surprise. Given the evident and predictable harms of lockdowns to health and economic well-being, we expected economists to raise the alarm when lockdowns were first imposed. If there is any special knowledge that economists possess, it is that for every good thing, there is a cost. This fact is burned into economists' minds in the form of the unofficial motto of the economics profession that "there ain't no such thing as a free lunch."

New Jersey: Yet Another Reminder of How Good We Have It

John Tamny, RCM

"It's a crazy story, but I fell in love with New Jersey." That was the answer to a question posed Sunday to an Uber driver in Westfield, NJ. The question to this British immigrant was "What brought you here?" It's worth repeating what he fell in love with. Wassim left his native country not for California, or Florida, or New York City; rather he left it all behind for New Jersey. Paraphrasing him ever so slightly, by living in northern New Jersey "I'm 40 minutes from the beach, 40 minutes from Manhattan, 40 minutes from lakes, an hour from skiing, and all around me is the world's greatest,...

Why Renting a Home May Be the Responsible Route

Jared Dillian, MarketWatch

Don't assume that owning a home is always better. In some circumstances and for some people, renting is the better choice.

Should I Sell When Market Wobbles? Some Advice.

Stuart Trow, Washington Post

How to limit the fallout from market stumbles, while remaining true to the principles of long-term wealth accumulation.

Enjoy the Calm, but Ready Mentally for Volatility

Market Minder, Fisher Investments

Stocks inevitably encounter rough patches; we don't know when, so the time to prepare mentally is now.

Why Suze Orman's Favorite Investing Method May Cost You

Nancy Sarnoff, MW

Dollar-cost averaging usually loses out to another technique, a new study shows.

Earth Needs Jerome Powell to Save It From Warming

Robinson Meyer, The Atlantic

The Trump-appointed chair of the Federal Reserve has inadvertently become a climate advocate.

How a Biden Corporate Tax Would Hit Small Business

Bruce Thompson, Examiner

More than 1 million small businesses would be hit by President Joe Biden's corporate tax rate increases, according to an analysis prepared by the U.S. Chamber of Commerce. This study indicates that the Biden administration's claim that their tax rate increase would only hit the largest corporations…

Austrian Economics for the Lower Classes –

Kai Weiss & Scott Nelson, Law & Liberty

Kai Weiss and Scott Nelson explain why Carl Menger, one of the founders of the Austrian School of Economics, should be rediscovered today.

Book Review: Patrick Radden Keefe's Empire of Pain

David Simon, The Spectator

In Empire of Pain, Patrick Radden Keefe compellingly narrates the story of the Sacklers and their connection to the opioid epidemic through OxyContin, the drug that the Sacklers' pharmaceutical business devised, created, and marketed.

Fed Policy Supports The Cyclical Rotation

Bryce Coward, Knowledge Leaders

Today at the annual Jackson Hole Economic Symposium, Federal Reserve Chairman Jerome Powell reiterated that the Fed is in no hurry to either taper asset purchases immediately or aggressively.

Common-Sense Policy Reforms for California Housing

Lee Ohanian, Cato

A few ideas to enhance affordability.

Unfinished Business In Building a More Stable System

Donald Kohn, Brookings

Don Kohn delivered remarks on financial stability at the August 2021 Jackson Hole Economic Policy Symposium.

How Much Can You Spend in Retirement?

Rob Williams & Chris Kawashima, Schwab

How much can you spend in retirement without running out of money? The "4% rule" is a popular rule of thumb, but we think you can do better. Here are our guidelines for finding your personalized spending rate.

Negative-Yielding Bonds Are Like Options

Lauren Foster, Enterprising Investor

Anything that you want to price in finance has three key inputs, Vineer Bhansali says.

We Still Think Stocks Undervalued

Brian Wesbury & Robert Stein, First Trust Advisors

Tax-Efficient Investing: Why Is It Important?

Hayden Adams, Charles Schwab

Tax-efficient investments are important because they can help lower your tax bill. Learn more with these tax-conscious investing strategies.

Global Warming: Seeking Truth, Defending Consensus?

Christopher Lingle, AIER

"Political agents can be expected to look to 'science' to provide a cover for expanded interventions or claims on resources that were previously considered to be unacceptable." ~ Christopher Lingle

Congress's Rare Chance to Support CleanTech

Dawn Lippert & Aimee Barnes, Hill

With massive gaps in existing clean technologies to meet that goal by 2050, the time is ripe for enhanced support from the federal government for equitable clean energy innovation and entrepreneurship.

GME Ushered In New Gen of Wall Street Barbarian

Emily Stewart, Town & Country

Finance's ancien régime may have been put on notice by a new breed of Wall Street buccaneer, but it still emerged from the GameStop frenzy unscathed, give or take a few billion.

Slower Than Cars, Amtrak May Still Add 50 New Routes

Matt McFarland, CNN

The $1 trillion infrastructure bill appears set to give passenger and freight rail $66 billion, an infusion that will likely expand where service is offered but does little to increase the speed of train travel in the US.

There Can Be No Caving On $3.5 Trillion Spending Plan

Editorial, New York Post

There's an outside shot that centrists in the House could block the measure, but Manchin and Sinema hanging tough is the best hope to avert this nightmare.

Congress Isn't Helping Renters Fast Enough

Spencer Bokat-Lindell, New York Times

Congress allocated enough money to stave off a wave of evictions, but it's not being sent to renters fast enough.

We Can Solve Eviction Problem w/o Fixing Housing

Michael Hendrix, Law & Liberty

Michael Hendrix explains the eviction moratorium is not only illegal but won't solve the housing-supply problem in America.

The "Global Warming" Narrative Takes Yet Another Hit

Editorial, Issues & Insights

Antarctic sea ice is increasing, part of a trend that goes back more than 40 years.

American Worship of Suburban Living Is Killing Planet

Hayes Brown, MSNBC

Americans want bigger houses, farther from schools and shopping — and that's killing the planet.

A Case That Federal Reserve Is Failing U.S.

Alexander Salter, Washington Examiner

The debate over inflation is getting more intense.

Get Used to Shortages of Everything

Peter Goodman & Keith Bradsher, New York Times

Pandemic-related product shortages — from computer chips to construction materials — were supposed to be resolved by now. Instead, the world has gained a lesson in the ripple effects of disruption.

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

13 Wide-Moat Companies With Exceptional Leadership

Susan Dziubinski, MStar

These wide-moat firms all earn Exemplary capital allocation ratings and trade in the 4- and 5-star range.

Social Security Was Well Worth the Wait

Dennis Friedman, HumbleDollar

IF SOMEONE ASKS ME what my favorite day is, I'd have to say the second Wednesday of the month. That's when my Social Security check gets deposited into my checking account. I've received three checks so far and each one has been a joy. The experts might be right when they say retirees who have predictable income are happier. At age 70, I feel like a little boy who just got his first bicycle.

Why A Dragon Is Better Than A Unicorn

Dan Primack, Axios

Last week, the number of companies qualifying as "unicorns" topped 800.

Money Supply & Home Prices

Scott Grannis, Calafia Beach Pundit

Milton Friedman must be rolling over in his grave.

The Semiconductor Heist Of The Century

Dylan Patel, SemiAnalysis

Arm China has gone completely rogue, operating as an independent company with their own IP and R&D. This is the semiconductor heist of the century.

Classic Bands Are Still Winning Streaming

Mark Savage, BBC News

New bands don't have a chance because everyone is streaming Queen and ABBA.

40 Ways Things Are Getting Better

Elizabeth Nolan Brown, Reason

"What has gotten materially better in America in, say, the last twenty years?" So! Much!
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