"The top 25 hedge fund managers made more than all the kindergarten teachers in the country," declared President Obama in a discussion of poverty at Georgetown University. Calling them “society’s lottery winners,” he proposed to hike their taxes. Predictably, battle...
Pragmatism is widely considered a virtue in business, but it is in fact a perilous approach, antithetical to long-term profitability.
It isn’t clear that the Fed has brought any substantial improvement in macroeconomic stability.
Obama’s stereotype of all rich people as being “born” into it (hence the lottery analogy) betrays not only willful ignorance, but an irrational hatred of production and success.
Why do most people criminalize wealth creation while others cheer and appreciate it?
Our monetary system is failing, but explaining that isn’t easy.
Integrity is being trumped by pragmatism, both in business and in politics.
If roads were private the owners would have an incentive to provide capacity, safety, and invent a pricing mechanism that would enable traffic to flow freely.
The problems startups have in raising capital caused by securities regulation.
All who participate gain from international trade, and all are made poorer to the extent that governments interfere or prohibit the freedom of trade among the peoples of the world.
Google is not limiting competition but creating it, through its own innovations that others are free to try to surpass.
Artifically low prices resulting from government decree causes an artificial shortage which results in long lines, empty stations, and lack of incentives for more supplies.
New rivals who want to enter the Internet services market and are not putting together big data sets cannot claim that they have a right to the established companies’ data—they have done nothing to deserve access to it.
Jobs come from government getting out of the way and letting employers produce goods and services.
Since people can search through other sources besides Google, it is not at all clear why Google cannot run its own operation for its own benefit, while others run their operations for their own benefit.
Water is distributed in California and other Western states not by market prices but by the political process.
Government intervention necessarily begets more intervention.
On April 10, General Electric, which for 123 years has been one of America's best known and most highly respected companies, announced a radical return to its basic industrial roots. After years of disappointing share performance, and a campaign of criticism by...
Creating paper money does not create goods.
The basic ingredients for Hong Kong’s progress were not foreign aid and other handouts from Western nations but instead law and order and a free market.
When our government subsidizes home purchases, recklessness is invited.
Minimum and maximum prices are but two ways do-gooders handicap poor and discriminated-against people.
In a recent Washington Post op-ed, Harold Meyerson, an avowed socialist, compares corporations who buy back their own shares to Las Vegas mafia bosses who used to skim casino profits. The basis for his smear is "a recent paper by J.W. Mason, an economist at the City...
The Fed is a large and aloof agency that needs to be tamed.
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