10/09/2021
Today

Biden Regulations Will Sabotage Recovery

Editorial, Washington Examiner

One would think that with his approval ratings in free fall, including his ratings on the handling of the economy, that President Joe Biden would be looking for every opportunity to stimulate the American economy.

The Debt Limit Is Still a Ticking Time Bomb

Jacob Lew, CNN Business

Congress must act quickly to significantly extend or raise the debt ceiling for the long term, so that our nation does not lurch from crisis to crisis.

The Debt Fight Shows U.S. Is Politically Bankrupt

Rebecca L. Spang, The Atlantic

For political reasons, powerful people don't want the country to pay its bills. History shows all that could go wrong.

Some Really Disastrous Macroeconomic Policy Advice

Victoria Guida, Politico

Former Federal Reserve economist Claudia Sahm sounds off on sparring with Larry Summers, Biden's blunder and the case for reappointing Jay Powell to the Fed.

Gensler's Everything Crackdown Is Coming

Schmidt and Bain, Bloomberg

(Bloomberg) -- The joke in Washington is that Gary Gensler could inspire his own version of the game, "Drink Every Time..." Most Read from BloombergNYC's Waldorf Gets Plush Renovation, Becomes Icon of China's OverreachTycoon Behind a Crisis-Era Property Crash Now Sits on a $9 Billion Debt MountainBefore Interstates, America Got Around on InterurbansHow Singapore's $50 Billion Financial District Will Change After Covid-19Amazon Delivery Partners Rage Against the Machines: 'We Were Treated Like Ro

Eliminating SALT Cap Won't Reduce Charitable Giving

Veuger & Pomerleau, AEI

How Facebook Silences Its Investors

Lauricella & Norton, Morningstar

Zuckerberg has veto power over investors thanks to Facebook's share class structure.

How WhatsApp Swallowed Half The World

Shoshana Wodinsky, Gizmodo

When Facebook, Instagram and WhatsApp went through a six-hour outage on Monday, your immediate reaction was probably based on two things: where you live, and where your family lives.

Common-Carrier Solution to Google's Market Dominance

Charles Miller, NRO

Treating the search giant as a common carrier is a reasonable solution for Ohio.

3 Social Security Rules That Could Catch You Off Guard

Christy Bieber, MF

Your finances could be affected if you aren't prepared for them.

The 'Kicking Ourselves When We're Down' Century

Kevin Erdmann, The Hill

It is well past time to give Americans more freedom to build and own homes where they want, lend to whom they want and buy lunch from whom they want.

Is It Time for a New Economics Curriculum?

Nick Romeo, The New Yorker

In the nineteen-forties, when the Massachusetts Institute of Technology was considering adopting a new economics textbook, the school's president received warnings about the book's author: "It is perfectly obvious that the young man is socially-minded if not strictly communistic," one correspondent wrote. The young man in question was the American economist Paul Samuelson, a future Nobel laureate. Samuelson's textbook "Economics," published in 1948, would dominate the market for nearly half a century; it introduced a Keynesian vision—in which government would take a more active role in...

We Have No Theory of Inflation

Duncan Weldon, Value Added

Inflation is the biggest debate in macro. The models don't work.

Dividends by the Numbers in September 2021

Ironman, Political Calculations

September 2021 closed out a strong quarter for dividend paying stocks in the U.S. stock market.

Look Past The 1970s For Economic Parallels

Neil Shearing, Capital Economics

Fuel shortages, tax increases and a whiff of stagflation have prompted comparisons between the economic situation today and that of the 1970s. But for the UK at least, the similarities with the period immediately following the Second World War are arguably more striking.

Crypto's Huge Gains, and Huge Losses

Carrie Schwab-Pomerantz, Charles Schwab

Cryptocurrency can yield big gains, but equally big losses.

MMT Is A Political Manifesto

Drumetz Françoise & Pfister Christian, Banque de France

In the last few years in the U.S. and especially since the publication of Stephanie Kelton's book, The Deficit Myth (Kelton, 2020) in Europe, the so-called Modern Monetary Theory (MMT) has been gaining prominence in the media and the public. This paper exposes the main proposals of MMT in the light of their doctrinal sources, also confronting them with economic facts and with other currents of economic thought.

What To Do If You're Worried About Inflation

Robin Powell, TEBI

Like many other investors, you may be worried about inflation, but the best strategy is probably to stay invested and focus on your long-term goals.

Biden's "Make Big Government Even Bigger" Plan

Richard M. Ebeling, AIER

What is needed is a repeal of government regulations and restrictions, ending any and all government control over consumption and production, lowering taxes, the end to budget deficits, and working with a balanced budget.

Competition Is For Losers: Silicon Valley Vampire

David Runciman, LROB

Peter​ thiel is known for so many different things it can be hard to keep up.

A Facelift for Facebook

Steven Hill, Project Syndicate

The free market has never been a free-for-all, yet tech companies have long operated with few constraints on their business models. Perhaps the latest Facebook scandal will finally provide the impetus governments need to take effective action – beginning with the implementation of digital operating permits.

The Radically Changing Labor Market

Barry Ritholtz, The Big Picture

These days, the labor market is even more unusually dynamic than usual. It is not an exaggeration to suggest it is in the midst of a radical transformation.

The New Jobs Numbers Are Pretty Good, Actually

Neil Irwin, New York Times

They fell far short of analyst expectations, but they reflect a steady expansion that is more rapid than other recent recoveries.

Can Fusion Put the Brakes on Climate Change?

Rivka Galchen, The New Yorker

Amid an escalating crisis, the power source offers a dream—or a pipe dream—of limitless clean energy.

The Mystery of Elon Musk's Missing Natural Gas

Mark Harris, TechCrunch

An environmental document that needs U.S. Federal Aviation Administration approval before SpaceX can begin testing the world's largest rockets is missing key details about where its fuel will come from, experts say.

The COVID Inflation Scare

Daniel Gros, Project Syndicate

Central banks become concerned, and usually start tightening policy, when higher inflation fuels higher inflation expectations among consumers. Current trends suggest that US policymakers have more to worry about than their European counterparts.

Want The Best Stocks? Pick The Happiest Companies

Alicia McElhaney, II

New research shows that keeping employees happy not only helps the employees, it helps the company, too.

33 Undervalued Stocks for the Fourth Quarter

Susan Dziubinski, Morningstar

Here are our analysts' top ideas in each sector for the coming quarter.

Why Banks Don't Want Your Money Right Now

Dion Rabouin, Vox

Everyone's saving money, but no one is earning much interest.

Yet Another Covid Victim: Capitalism

Farah Nayeri, New York Times

Two economic experts from two different nations agree that the pandemic has altered the world's economy and brought capitalism and its power into question.

Ken Fisher on Nixing the VIX

Fisher Investments Editorial Staff, Fisher Investments

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

How 'Big Funeral' Made the Afterlife So Expensive

Eleanor Cummins, Wired

It's time to reevaluate the cost of death care—and its environmental impact.

Why I Like the Debt Ceiling

David Merkel, The Aleph Blog

I like anything that hinders the US Government from borrowing more.

Been There, Done That: Reagan's Semiconductor Trade War

Eric Boehm, Reason

What Reagan's tariffs in the '80s can teach us about today's foreign-made semiconductors

Nature Shows How This All Works

Morgan Housel, Collaborative Fund

Extremes lead to extremes

The Bitcoin Fountainhead

Daron Acemoglu, Project Syndicate

While it is clear that cryptocurrencies are here to stay, it remains to be seen what economic role they will – or should – play. In the case of Bitcoin, the technology's success lies entirely in what it promises, rather than in what it can actually deliver.

An Unhealthy Obsession with Money

Ben Carlson, A Wealth Of Common Sense

Money most certainly does not buy happiness.

When Environmental Regs Backfire

Mike Lee & David Schweikert, City Journal

A runaway environmental-review process bogs down improvement projects, stifling innovation and impeding clean-energy development.
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