06/16/2021
Today

Tiny Texas Town Might Be a Gateway To Mars

Oliver Wiseman, Dallas Morning News

A few years ago, Boca Chica, Texas, was a forgettable little village at the point where the United States, Mexico and the ocean all meet. Now, it's home to...

Why Taxing Jeff Bezos More Won't Shrink Wealth Gap

James Surowiecki, MSNBC

The reason Jeff Bezos, Elon Musk, and the other richest people in the U.S. are so absurdly wealthy is not about their salary.

Dems Should Cease Worrying About Debt, and Spend

Jordan Weissmann, Slate

They just have to pay for the interest. That's it!

United's Supersonic Supremacy Bid Vivifies Burden of Gov't

John Tamny, RCM

One of the most important truths about economics is also the most basic: all human action is a tradeoff. It's ridiculous that something so obvious needs to be stated, but it does. Reduced to simplest form, to turn left is to not turn right. Spending is no different in terms of paths not taken. This is worth thinking about in consideration of the exciting recent announcement that United Airlines has placed an order for 15 supersonic jets from Boom Technology Inc. The would-be innovator intends to have a prototype ready by 2022, after which it expects its jets to be moving paying passengers...

How to Have Roaring 2020s w/o Inflation

Mike Konczal & J.W. Mason, New York Times

Manage the boom, don't fight it.

How Can Legislators Aid Small Business? Get Out of the Way

Bill Briggs, RCM

While the pandemic appears to be receding as ever more Americans get vaccinated against Covid-19, it's important to remember that many small businesses are still hurting--and as such they should stay top-of-mind for the public and public policymakers. A recent webinar from the Equifax credit report company, which has unique insight into the finances of small businesses, showed that some sectors are clearly still recovering from the economic crisis that accompanied the pandemic. Year over year data from March 2020 to 2021 show that small business loan delinquencies are down. Yet certain...

Why This Claim of "Market Failure" Deserves No Credit

Donald Boudreaux, AIER

"If you who claim to identify a market failure could, but don't, voluntarily put your own money where your mouth is in an attempt to address that alleged failure, why should anyone listen to your pleas for government to coercively put other people's money where your mouth is?" ~ Donald J. Boudreaux

Gov. Cuomo's Call To Live Life Is Way Too Little, Too Late

Jeffrey Tucker, RCM

"Life is about interacting." Wait, it's not about lockdown? Who is this non-compliant rebel saying this? Why, these are the words of New York Governor Andrew Cuomo as he announced the opening of New York state, while seeming to echo what many of us have been saying for 15 months. He just said it far too late.

What's Keeping U.S. Women Out of the Workforce?

Allison Schrager, City Journal

A number of factors—including some government policies that liberals favor

AMZN Has Grown Too Large To Care for Workers

Sarah Jones, New York Magazine

The company's growth outpaces its ability to care for its workforce.

Will Jobless Benefits Kill More Businesses?

Victoria Eardley, Washington Examiner

There are more than 8 million jobs available to workers across the United States.

A Lot of History Supports a Higher DJIA by Year End

Mark Hulbert, MarketWatch

Second half of the year tends to be strong for U.S. stocks.

Will the Fed Sit Tight—or Tighten Policy?

Brad McMillan, Commonwealth Financial

With inflation a concern, what should we expect from the Fed? Commonwealth CIO Brad McMillan says despite the headlines, the Fed will likely sit tight.

May Retail Sales: A Little Context Goes a Long Way

Richard Moody, Regions Bank

2021 Mid-Year Outlook: Fixed Income

Kathy Jones, Charles Schwab

We see the recent plateau in yields as a pause before the next wave higher.

Taper Tantrum 2?

Brian Wesbury & Robert Stein, First Trust Advisors

Municipal Bond Mid-Year Outlook: Positive View

Cooper Howard, Charles Schwab

We see several potential tailwinds for municipal bonds in the second half of the year.

Roth vs. Traditional IRAs: Which Is Right for You?

Rob Williams, Charles Schwab

Traditional and Roth IRAs have distinct requirements, including eligibility and contribution limits. Here's a guide to help you decide what's best for you.

CPI: Up, Up and Away....For Now

Richard Moody, Regions Bank

Could Crypto Ultimately Play a 401(k) Shaping Roll?

Maurie Backman, Motley Fool

Retirement plans don't commonly offer cryptocurrency investments. That could be changing.

Rich Got Richer While Poor Lost Jobs. Time for Wealth Tax

Chuck Collins, CNN

It's time to modernize the federal tax code — not only to raise revenue and ensure the wealthy pay their fair share, but also to slow these democracy-distorting levels of concentrated wealth and power.

You Are Not Paying a Higher Real Tax Rate Than Billionaires

Gary Galles, AIER

"Allegations that higher income earners don't pay their 'fair share' of taxes are a mainstay misrepresentation of the political left. When the facts say otherwise, they simply twist the facts and ignore more serious studies. ProPublica's latest effort is just one more of a long line of such...

Warren Buffett & the Myth of 'Good Billionaire'

Anand Giridharadas, New York Times

There is no way to be a billionaire in America without taking advantage of a system predicated on cruelty.

The Wealth Gap Comes Down to Asian Migration

Lok Siu & Jamie Noguchi, Vox

The largest wealth gap in the country comes down to the history of Asian migration.

People Favor Competitive NRG Markets. Mkts. Do Too!

Christopher Barnard, AIER

"With public opinion lining up with the practical advantages of competitive energy markets, deregulating energy markets and promoting competition among energy sources and producers is a no-brainer - both for consumers and the planet." ~ Christopher Barnard

Madison, Jefferson Offer Wise Advice On Modern Debt

Flavio Felice, City Journal

Madison and Jefferson can still offer us sage counsel for our heavily indebted times.

Questions to Ask Before Writing a Living Will

Emma Kerr, U.S. News & World Report

What should be on your mind.

Amid Frothy Markets, Better to Feed the Ducks

Dan Ferris, American Consequences

When it comes to the meme stocks of AMC and Gamestop, the best move as an investor is to watch from the sidelines.

What Fifty-Somethings Can Leverage to Retire Early

Kailey Hagen, Motley Fool

If you want to retire early without paying penalties, you need to read this.

Bidenomics Is Proving Very Harmful to the United States

Editorial, New York Post

Bidenomics is proving an utter disaster for American workers and consumers, and don't bet on it to end soon. With the pandemic all but over — more than half of American adults are fully vaccin…

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

Meritocracy, Not Democracy Is Key to Growth

John Cochrane, Grumpy Economist

Meritocracy, the secret sauce of growth?

Business Should Get Back To Business

Russ Greene & Adam A. Millsap, City Journal

Supporters of the U.S. free-enterprise system should beware those who would use government to overhaul it.

The Best Accounts for Heavy Savers

Susan Dziubinski, Morningstar

An HSA's tax benefits are hard to beat, but there are other options as well.

Predicting Inflation is Hard

Ben Carlson, A Wealth Of Common Sense

Lots of smart people have failed at it.

What The Fed Will Say Today

Charlie Bilello, Compound Advisors

Fed meetings are way too predictable.

An Historic Move By Sony Music

Tim Ingham, Music Business Worldwide

Rob Stringer-led company meets demand from artist advocates - a policy that some believed a major record company would never openly adopt.

What's Holding Down Long Rates?

Edward Harrison, Credit Writedowns

As I write this, the US 10-year Treasury bond is yielding 1.457%, well under the trading range it had established during this quarter. And there are a lot of theories as to why this is happening.
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