08/14/2021
Today

No Denying That August 15, 1971 Was a "Fateful" Date

Alex Pollock, Law & Liberty

Alex J. Pollock recounts President Nixon's decision to take the U.S. dollar off the gold standard on August 15, 1971.

Don't Expect Food, Gasoline Prices to Fall Any Time Soon

John Tatom, The Hill

Inflation is soaring, and the Biden administration's policies already are affecting output and prices.

Don't Let Inflation Anxiety Undermine Our Future

Paul Krugman, New York Times

Please, Senator Manchin, do the math.

The Joe Biden Inflation Tax Revealed In One Chart

Andy Puzder, RealClearPolitics

What is all this “Biden inflation tax” talk really about? What is the actual effect of inflation on the lives of real people? Well, below is a chart that...

We Weaken Ourselves vs. China

Jessica Anderson & James Jay Carafano, The Examiner

"We have met the enemy, and they are us," declared Walt Kelly in the comic strip Pogo. When it comes to dealing with China, the greatest threat to the peace, freedom, and prosperity of all Americans, he could well be right.

Cubans Can Prosper Anywhere Except for Cuba

Anay Remón García, USA TODAY

This summer, for the first time in six decades, Cubans demanded the only thing that can change the present and free us from a grim future: Freedom.

YIMBYs Should Persuade the Reluctant, Not Browbeat

Patrick Brown, City Journal

More housing should be built—but some housing advocates are too inflexible.

How Reese Witherspoon Became World's Richest Actress

Madeline Berg,Forbes

Reese Witherspoon takes in huge fees for her roles on-screen—but it's a savvy business move that's rocketed her up the charts as the wealthiest actress in the world.

We Have to Accept That the Virus May Never Truly Go Away

German Lopez, Vox

The coronavirus may never truly go away.

CDC Hides Vaxx Breakthrough Rate

Jon Miltimore, Foundation for Economic Education

Vaccine breakthroughs appear to be a much bigger problem than the CDC is letting on, emerging evidence suggests. "The breakthrough problem is much more concerning than what our public officials have transmitted," Dr. Eric Topol told New York magazine this week.

Vaccine Mandates for American Workers Just Getting Started

Matt Egan, CNN

A growing number of major companies are exploring vaccine mandates for their employees as the Delta variant continues to spread through America and around the world.

Is Forced Vaccination the Path to Broad Vaxx?

Seth Berenzweig & John Tamny, TCB

Are Forced Vaccinations the Way to go? Seth Berenzweig and John Tamny discuss this very important and volatile issue

Should You Ponder Delaying Retirement?

Carrie Schwab-Pomerantz, Charles Schwab

Working longer is just about always a financial plus, but there's more to consider.

Dial M For Market

Christopher Sheldon, KKR Credit

The market will continue to keep investors in suspense.

Is Inflation Still Accelerating?

Brad McMillan, Commonwealth Financial Network

What's the story with inflation? Commonwealth CIO Brad McMillan evaluates the numbers to determine where inflation is coming from—and where it's going.

More Moderate CPI Increase Settles Nothing

Richard Moody, Regions Bank

Too Much Time On Government

Brian Wesbury & Robert Stein, First Trust Advisors

Predicting Equity Returns with Inflation

Jim Masturzo & Michele Mazzoleni, RALLC

Recent conversations in the investment industry are dominated by predictions about the path of the inflation rate and its implications for capital markets. Rather than predicting what will happen to inflation in the future—a particularly arduous and humbling task—we ask a simple question: What can past inflation dynamics tell us about the equity market's future returns? We find it can tell us a lot.

The Exclusionary Effects of Inclusionary Zoning

Connor Harris, Manhattan Institute

Many cities with high housing costs have adopted "inclusionary zoning" (IZ) ordinances that either incentivize or force developers of large housing projects to rent a portion of the units for below-market rates.

Motherhood vs. The American Work Ethic

Rani Molla, Vox

Working motherhood is getting harder. Let's fix that.

How Millennial Investors Lost Millions on Ackman's SPAC

Michelle Celarier, II

"Trading options was addictive, like cocaine," says one investor. "It was instant gratification."

Robinhood Bros Hiding Losses From Their Wives

Quinn Myers, Mel Magazine

What could possibly go wrong?

Steer Clear of Electric Vehicle Startups?

Margaret Giles, Morningstar

SPACs and other new companies may not be the best way to capitalize on growing EV adoption.

The Wedding Business Is Booming

Jeanna Smialek, New York Times

Frantic caterers, $200,000 weekends: The wedding industry is on fire, bringing spending, and bottlenecks.

CBDCs Are Coming. The US Must Prepare

Emily Parker, CNN Business

We may soon be living in a CBDC world. And if America stays on the sidelines, it could miss its chance to influence what that world looks like.

The Britney Effect: Conservatorships Get Scrutiny

Ryan Yu, CS Monitor

Britney Spears calls her case "abusive," and her dad agreed to step down Thursday. Critics say conservatorships facilitate elder abuse and undercut disability rights.

Why a China-Centered Future Is Still Uncertain

George Magnus, Newstatesman

In privileging political control over market freedom, the new superpower risks its own rise.

The Next Financial Crisis is Coming

Philip Pilkington, Newsweek

The markets are almost certainly deep into the late stages of a bubble. At some point, something will spook them.

The Fed's State of Exception Can't Last

John B. Taylor, Project Syndicate

Despite the recent surge of inflation in the United States, the Federal Reserve is keeping the federal funds rate in a range far below what its own monetary-policy rules would prescribe. But since history shows that this deviation cannot last indefinitely, it would be better to normalize sooner rather than later.

How The Ultrawealthy Shaped Trump's Tax Cut

Justin Elliott, ProPublica

Billionaire business owners deployed lobbyists to make sure Trump's 2017 tax bill was tailored to their benefit. Confidential IRS records show the windfall that followed.

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

The Bailouts States Didn't Need

Veronique de Rugy, Reason

As it turns out, state and local tax revenues hardly collapsed.

Rethinking the Great Housing Bust of 2007

Timothy Taylor, Conversable Economist

High house prices in 2007 weren't that out of whack after all.

Just Another Silicon Valley Company

Jamie Powell, FT Alphaville

Turns out not even Palantir can escape Silicon Valley-speak.

Why Is Elon Musk So Rich?

Tim O'Reilly, Naked Capitalism

Why Elon Musk, despite having built significant operating companies, is still mainly in the bezzle business.

World GDP Still Shrinking From COVID

Ironman, Political Calculations

The triple dip global recession from the coronavirus pandemic continued deepening in July 2021.

Missing: Corporate Leadership on Vaccines

Barry Ritholtz, The Big Picture

There is a lot companies could do to increase vaccine uptake.

Hanging By A Thread

Morgan Housel, Collaborative Fund

A big lesson from history is how chance encounters lead to both magic and mayhem in ways that would have been impossible to predict.
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