Free Markets
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Do We Really Need All These Barbecue Restaurants?
“Markets provide people with what they actually want as tested against their willingness to pay rather than what the Bernie Sanderses of the world know to be best for us. This is a feature, not a bug.” ~ Art Carden
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The Bankruptcy of Conservative Political Paternalism
“Oren Cass is really figuring out how to outwit the progressives in the game of political plunderhood by devising coalitions in society that will put ‘his side’ in elected office next time around through a ‘conservative’ version of handouts of favors, privileges and subsidies. His ‘new’ conservatism, therefore, is really only the same old political…
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Tesla’s Bitcoin Purchase Is the Start of a Bullish Monetary Future
“The bullish future that Tesla seems to be helping to usher in is one of private monies replacing government money, of individuals asking for compensation in money they trust over money that governments haven’t always overseen in trustworthy fashion. Elon Musk is helping to bring the future into the present. We’ll all be better off…
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Price-gouged and Happy About It
“When the anti–price gouging law is in effect, being able to buy a necessity here is a matter of timing: being on store premises at or shortly after a shipment arrives. Then you can buy it, and not even at the market price, but at the pre-emergency price enforced by the government. Everyone else is…
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Economic Illiteracy Is No Virtue
“Leading a misguided crusade ‘to reign in the market’ or to smash capitalism for the working class is not only a recipe for failure according to history, it completely fails to understand what economics is all about. Just because you don’t care about economics does not mean that the world suddenly bends to your wishes.…
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How to Navigate the Stock Market Madness
“There is nothing wrong with partaking in recent fad investing trends; some of them even seem quite promising. However, just like anything else, being prepared and knowledgeable will ensure your success is long-term and not just the prelude to disaster.” ~ Ethan Yang
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Paternalism and Robinhood Revisited
“Robinhood and other self-directed apps like it have fundamentally disrupted the market in a good way. Many entrenched interests, be it private firms or the government, are not comfortable with this change. Hopefully, our leaders have seen firsthand the disruption that such abrupt and restrictive actions have on society.” ~ Ethan Yang
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Dismiss All the Populist GameStop Hype: Short Sellers Are Heroes
“Keep this in mind as pundits make their silly arguments about GameStop’s price action signaling a shift of power away from hedge funds, and back to the little guy. Such a view isn’t true, plus it ignores the heroics of short sellers. They’re in truth price givers, and the economy couldn’t function without them.” ~…
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Who’s to Blame for the Rash of Short Squeezes?
“Cantillon Effects, not overzealous short selling or swarming retail traders, are the ultimate cause of the rash of explosive short squeezes in US equity markets.” ~ Peter C. Earle
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Tales of the Crypt
“Best of all, nobody was forced to subsidize others. They gave to charity, joined with like-minded people, or sought profit. The system wasn’t perfect — nothing is — but it was a far cry better than taxing people to support inefficient, uniform government educational and welfare programs.” ~ Robert E. Wright
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•
Do We Really Need All These Barbecue Restaurants?
“Markets provide people with what they actually want as tested against their willingness to pay rather than what the Bernie Sanderses of the world know to be best for us. This is a feature, not a bug.” ~ Art Carden
-
•
The Bankruptcy of Conservative Political Paternalism
“Oren Cass is really figuring out how to outwit the progressives in the game of political plunderhood by devising coalitions in society that will put ‘his side’ in elected office next time around through a ‘conservative’ version of handouts of favors, privileges and subsidies. His ‘new’ conservatism, therefore, is really only the same old political…
-
•
Tesla’s Bitcoin Purchase Is the Start of a Bullish Monetary Future
“The bullish future that Tesla seems to be helping to usher in is one of private monies replacing government money, of individuals asking for compensation in money they trust over money that governments haven’t always overseen in trustworthy fashion. Elon Musk is helping to bring the future into the present. We’ll all be better off…
-
•
Price-gouged and Happy About It
“When the anti–price gouging law is in effect, being able to buy a necessity here is a matter of timing: being on store premises at or shortly after a shipment arrives. Then you can buy it, and not even at the market price, but at the pre-emergency price enforced by the government. Everyone else is…
-
•
Economic Illiteracy Is No Virtue
“Leading a misguided crusade ‘to reign in the market’ or to smash capitalism for the working class is not only a recipe for failure according to history, it completely fails to understand what economics is all about. Just because you don’t care about economics does not mean that the world suddenly bends to your wishes.…
-
•
How to Navigate the Stock Market Madness
“There is nothing wrong with partaking in recent fad investing trends; some of them even seem quite promising. However, just like anything else, being prepared and knowledgeable will ensure your success is long-term and not just the prelude to disaster.” ~ Ethan Yang
-
•
Paternalism and Robinhood Revisited
“Robinhood and other self-directed apps like it have fundamentally disrupted the market in a good way. Many entrenched interests, be it private firms or the government, are not comfortable with this change. Hopefully, our leaders have seen firsthand the disruption that such abrupt and restrictive actions have on society.” ~ Ethan Yang
-
•
Dismiss All the Populist GameStop Hype: Short Sellers Are Heroes
“Keep this in mind as pundits make their silly arguments about GameStop’s price action signaling a shift of power away from hedge funds, and back to the little guy. Such a view isn’t true, plus it ignores the heroics of short sellers. They’re in truth price givers, and the economy couldn’t function without them.” ~…
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•
Who’s to Blame for the Rash of Short Squeezes?
“Cantillon Effects, not overzealous short selling or swarming retail traders, are the ultimate cause of the rash of explosive short squeezes in US equity markets.” ~ Peter C. Earle
-
•
Tales of the Crypt
“Best of all, nobody was forced to subsidize others. They gave to charity, joined with like-minded people, or sought profit. The system wasn’t perfect — nothing is — but it was a far cry better than taxing people to support inefficient, uniform government educational and welfare programs.” ~ Robert E. Wright