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The Search for Yield Now Extends to Imaginary Land in the Metaverse
Charlie Munger defines old school. The ninety-seven-year old is partners with Warren Buffett at Berkshire Hathaway. He’s lived and invested through a few booms and busts in his nearly a century on earth.
Speaking to...
They’ll Use the Welfare State to Get Compliance on Vaccine Mandates
A Democratic state lawmaker in Illinois has introduced legislation requiring unvaccinated residents to pay out-of-pocket for healthcare services. It's all part of an effort to come up with new and creative ways to punish people who refuse to get the covid jab.
Nirvana Economics: How Treating the Real World Like an Imaginary Ideal World Leads to...
In my industrial organization course, I discuss the economic theory of the firm. It is important in that there are many ways real world firms don’t correspond to the way they are presented in...
Vaccine Mandates and the Great Resignation: The Media Pretends There’s No Connection
Let me be clear from the start: I do not know the degree to which vaccine mandates have played a role in the massive voluntary exodus from the workforce. I do, however, know that any true...
Bitcoin Isn’t Any More Dangerous than the Euro
Major representatives of the European Central Bank—including ECB president Christine Lagarde—continue to warn against bitcoin. In a recent article, addressed to the inflation-adverse German audience, the ECB representative Klaus Masuch together with the former ECB chief...
A Strategy to Promote Sound Money: Decentralize the State
For more than a century, an inflationary monetary policy has plagued the United States. Most recently, price inflation has become the most obvious consequence of the Federal Reserve’s actions to the public. Other effects, while less...
Christmas and the Desacralization of the State
In about the year 9 BC, a group of Greco-Romans in Asia Minor issued a proclamation—now known from the Priene Calendar Inscription—commemorating the birth of the Roman emperor Caesar Augustus. The text of the inscription...
The Fed’s Dovish “Tapering” and the ECB
This week, the Federal Reserve gave the most dovish “hawkish” statement ever, an apparent aggressive tapering that, in reality, means maintaining very low rates and massive repurchases for longer.
Inflation has skyrocketed and aggressive monetary policy is...
Covid Lockdowns Will Be Remembered as One of the Greatest Policy Failures Ever
Lockdowns were one of the “greatest peacetime policy disasters of all time,” concludes Professor Douglas Allen in a paper just published by the International Journal of the Economics of Business.
Elsewhere, a team of researchers with...
Omicron: The Lockdowners’ Last Stand
Just as President Biden’s unconstitutional vaccination mandates were being ripped up by the courts, authoritarian politicians, public health bureaucrats, and the mainstream media announced a new Covid variant to justify another round of lockdowns and...