“The attempt to control risk by lowering interest rates reduces the cost of taking risk and so ends up increasing the aggregate amount of risk in the system.” Edward Chancellor, author The...Read More
“The ability to assimilate immigrants quickly may be our greatest competitive advantage in the twenty-first century.” Ben Wattenberg Author: Fighting Words Rational Immigration Movement...Read More
“There is one and only one social responsibility of business–to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, wh...Read More
“The virus—or specifically the political response to it—is causing a mass extinction event for small businesses in certain sectors.” John Maudlin...Read More
“One of the great mistakes is to judge policies and programs by their intentions rather than their results.“ Milton Freidman, Free to Choose...Read More
The vast majority of our national wealth isn’t money or gold or real property or personal property. Our wealth is intellectual, intangible capital. We know how to do stuff, and that’s what makes u...Read More
Back in 2002 I read Fooled by Randomness by Nassim Taleb and became a fan of his writing. Since then I’ve read all of his books and in each one I’ve learned actionable new things. I just f...Read More
“Dictators are rarely good economic managers.“ WSJ editorial referring to Turkey and Venezuela For every Lee Kwan Yoo there are ten Hugo Chavez and Fidel Castros...Read More