• The market provides its own punishment for irrelevant discrimination

    My letter to the Mercatus Center: Re: Should hot workers subsidize ugly ones? Excellent points by Omar Ahmad Al-Ubaydli, but aren’t all forms of irrelevant discrimination self-correcting and self-penalizing? If a company hires only beautiful workers and ignores ugly ones who may be better qualified, won’t this company suffer in the market place? Same with...

  • Unilateral Free Trade Would Benefit All UK Citizens

    From today’s Open Europe news summary: Removing tariffs post-Brexit could see prices fall up to 1.2%, suggests new study According to a report by the Institute of Fiscal Studies, UK households could see prices fall by around 0.7-1.2% if the UK were to eliminate tariffs on all goods after Brexit. The report...

  • The EU elite are ignorant of the true meaning and importance of “comparative advantage”

    From Open Europe news summary of 14 March 2018 (my highlight): Commenting on Prime Minister Theresa May’s Mansion House speech earlier this month, the EU’s chief Brexit negotiator Michel Barnier called it a “surprising idea” that the UK would be allowed to benefit from convergence with EU rules in some areas while...

  • Don’t Trust the “Trump Boom”

    Call me a bad conservative. I don’t cheer this past year’s stock market gains. I don’t enthusiastically...

  • Inflation has Central Banks Playing Musical Chairs

    This article originally appeared at douglasinvegas.com If the last few stock market days are interrupting your sleep, Jim...

  • What If Things Were Different?

    Apologies to Rod Sterling for borrowing his famous preface, but, imagine, if you will, the following scenario....

  • Why Comparative Advantage Matters

    On the way to work, I was thinking about the outcome of the trade ruling on the...

  • Can an Economy Advance Without Savings?

    According to Frank Decker, Honorary Associate at the University of Sydney Law School, it certainly can. Not only that, but eschewing savings in favor of “monetisation of assets” will yield better results! I refer to his article in Economic Affairs–Volume 37, Number 3, October 2017–, a publication of the Institute of Economic...

  • Bastiat and the Hubble Space Telescope

    A few days ago my wife and I watched a fascinating program on PBS. The long running Nova series featured the history and accomplishments of the Hubble Space Telescope. The program was titled Invisible Universe Revealed. This episode was composed of three parts.   The first third of the program explained how...

  • The Economic Benefits of Ending the Fraud of Fractional Reserve Banking

    Fractional reserve banking (FRB) is fraudulent. It should be prosecuted as a crime rather than accepted as normal practice under current banking laws. Any society that respects property rights and the rule of law would not allow it. For those unfamiliar with the term fractional reserve banking or not quite confident of...

  • We Don’t Trust Each Other Anymore

    To channel Tina Turner briefly, what’s trust got to do with keeping a nation? Everything, it turns...

  • Disgust at the LBJ Library

      Recently my wife and I spent a morning at the Lyndon Baines Johnson Presidential Library in Austin, Texas. The damage done by this big bully is incalculable. His library reminds us of the start of the blizzard of government expansion during Johnson’s presidential term, which lasted from the Kennedy assassination in...

  • Go With Taylor, President Trump

    As the kids say, boy, he ‘bout to do it! President Trump has indicated he’ll soon make...

  • For Restaurants, Sweeping the Floor is Equivalent to Cooking Great Food

    One of the most popular proponents of BE is Rory Sutherland (who I’ve been praising for years),...

  • Shooting War in North Korea? History says Yes.

    Washington insider Jim Rickards says a shooting war with North Korea is inevitable within the next six months. “Nobody wants the war. Nobody is rooting for the war, but it’s coming.”  Rickards believes Kim Jong Un will launch another missile any day.  The following explains why.  “In the case of the bombing...

  • Bank of Canada Raises Interest Rates… Again

    For the second time in less than two months, the Bank of Canada has raised interest rates....

  • Free the Arctic!

    From the Sunday, August 27th New York Times: Russian Tanker Completes Arctic Passage Without Aid of Icebreakers A new Russian tanker with a reinforced hull has cut shipping time from Europe to Asia by thirty percent. One would think that such an event would be hailed by all who desire the betterment of all...

  • Preposterous Bubble Predictions and the Madness of Crowds

    Think the DJIA and Bitcoin are getting a little toppy? If you require inspiration check out Ric...

  • The Bond Bubble

    Central banks have artificially lowered interest rates, making bonds attractive. And since bonds are historically safe havens,...