04/12/2021
Today

What the Rolling Stones Teach About the Tax Debate

Andrew Walworth, Fox News

With Joe Biden in the White House, we're about to embark on another national experiment to see how Americans react to tax increases.

MLB Swings, Misses with All-Star Game Debacle

Charles Gasparino, New York Post

It's clear Georgia's new voter law is nothing close to the "Jim Crow on steroids" description attributed to our alleged unifier in chief, President Biden. Yet I'm pretty certain the law is an attem…

Ready or Not, Corporate Political Responsibility Is Here

Thomas Lyon, The Hill

Much as companies would like to avoid sticking their necks out in the overheated and polarized American political environment, they simply cannot do so any longer.

It's Apparent Biden Doesn't Truly Believe His Tax Rhetoric

Andrew Wilford, RCM

In recent years, it has become fashionable to profess outrage at reports of businesses with book profits that nevertheless owe zero taxes. Popularized by left-wing advocacy groups such as the Institute for Taxation and Economic Policy, these reports are intended to drum up public anger against a tax system supposedly "rigged" in favor of corporations. Ironically, recent attempts to solve this "problem" demonstrate how bogus this narrative is better than any op-ed ever could.

Biden Could Remake U.S. by Reviving Antitrust

Michael Hiltzik, Los Angeles Times

Biden searches for an antitrust enforcer who could radically transform the U.S.

Ever Given's Grounding Mocks Fallacy-Riddled Economics

John Tamny, Forbes

Keep the massive container ship in mind the next time some self-serious economist starts drooling about output gaps, overheating, and other fallacious notions so popular inside the economics profession

Ignore Econ Projections, Stocks Have Already Priced 'Em

Market Minder, Fisher

Stocks have already priced in economists' global growth projections.

How Much Higher Does the Bull Have Room To Go?

Mark Hulbert, MarketWatch

The lessons of past U.S. bull markets

Some of the Lessons from Bill Hwang's Failure

Kim Iskyan, American Consequences

$10 billion gone overnight. What investors can glean from Bill Hwang and Archegos Capital's mercurial implosion and epic financial fail.

The Scandalous Truth About Yet Another Covid-19 Myth

Jeffrey Tucker, AIER

"How many years will it take before people can come to terms with the embarrassing and scandalous reality that much of what posed as Science last year was made up on the fly and turns out to be wholly false?" ~ Jeffrey Tucker

Robert Smith's Vista Has Compelling Investor-Return Story

John Burnett, RCM

As public markets continue to be roiled by the pandemic, political instability in Washington, and so-called meme investing orchestrated on social media platforms, private equity is emerging as a more reliable alternative, especially for institutional investors like insurers and pension funds. The strengths that private equity brings to investors are many, including access to obscure but promising companies as well as rare deals and profits that often eclipse those seen on the public market.

Why We Shouldn't Be So Worried About Runaway Inflation

Dana Peterson, CNN

Based on the current factors at play, fears of dire, long-lasting inflation are likely overblown.

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.

Clarence Thomas Asks Central Texh Qs

Bret Swanson, American Enterprise Institute

Picking Up the Labor Market Pace, But Far To Go

Richard Moody, Regions Bank

Economic Data Springing Higher, But Stay Level-Headed

Market Minder, Fisher

The latest data are fueling rather rosy expectations for the US economy. Take it with a big grain of salt.

3 Reasons to Reject Biden's Tax Harmonization

Dan Mitchell, International Liberty

Way back in 2007, I narrated this video to explain why tax competition is very desirable because politicians are likely to overtax and overspend ("Goldfish Government") if they think ta…

5 Reasons We Shouldn't Worry About Runaway Inflation

Dana Peterson, CNN

Based on the current factors at play, fears of dire, long-lasting inflation are likely overblown.

The Neoliberal Era Is Behind Us. What's Next?

Dani Rodrik, Project Syndicate

The US administration's proposed $2 trillion infrastructure package could transform the US and set an important example for other developed countries to follow. But to achieve its potential, the plan must avoid misleading state-versus-market dichotomies and outdated Cold War tropes.

Are NFT Purchases Real? The Dollars Are.

John Schwartz, New York Times

Dive down a rabbit hole and explore nonfungible tokens, multimillion-dollar digital art and the nature of reality.

Industrial Policy Failed With Vaccines Too

Eric Boehm, Reason

Global supply chains beat government-directed manufacturing once again.

Is there a New Housing Bubble? Not Yet...

Bill McBride, Calculated Risk

There is discussion of another housing bubble. I wouldn't call the current situation a "bubble".

3 Overlooked Dividend Stocks That Top Managers Like

Editors, Morningstar

These wide-moat firms are currently undervalued.

Passive Investing Has Never Been So Risky

Bryce Coward, Knowledge Leaders

Three reasons passive investing has become more risky.

The Most Important Rule in Investing

Charlie Bilello, Compound Advisors

Know what you own and why you own it.

Economists Obsess Over Means, Misunderstand Ends

Casey Carlisle, UncleNap

When you hear of this millionaire or that billionaire, you might think of what you would like to do with just a fraction of that wealth. Notice that your dreaming doesn't end with, "I wish I had that much money;" that's how it begins. The dreaming ends, if ever, after deciding what you might do with that wealth. It's not the money you crave; it's the opportunities that the money can provide. John Tamny regularly points out that "we want money because of what it can be exchanged for." Sounds simple enough, but Tamny states it often because it's unnecessarily complex to most, which is why...

The Ponzi Career

Dror Poleg, Dror Poleg

The future of work is a pyramid scheme, where every person sells his favorite person to the next person.

Why Can't You Buy a Starbucks on the Interstate?

Robert Poole, Reason

In 1960, Congress forbid service plazas on the new Interstate highways. It's time for that to change.

Trying to Unlock the Power of Wave Energy

Ysabelle Kempe, Wired

After decades of false starts, the federal approval of a new testing site off the coast of Oregon could give the technology a much-needed jolt.

More Is Better? Subtracting Often Adds Up

John Timmer, Ars Technica

Across many experiments, participants tried to fix problems by adding stuff.
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