Posted in American Exceptionalism, Economic Issues, Education, Free Society, Free-Market, Liberty, Philosophy, Policy Issues, Progressivism, Rule of Law, U.S. Constitution, Uncategorized

Hoover Institution is proud to offer a new resource, “Liberalism, Old Style.” Written by famed conservative economist Milton Friedman, it’s a classic treatise on the key differences between classical liberalism and liberalism as you and I know it today.

Posted in Bailouts, Cost of labor, Economic Issues, Federal Reserve, Free-Market, government incompetence, Government Regulations, Government Stimulus, Interest on the Debt, Interest rate manipulation, National Debt, Policy Issues, Tax Policy, U.S. Security, Uncategorized, Unemployment

The Grumpy Economist: Volalitily, now the whole thing

WONK ALERT!

And now for the meaty post of the week! Seriously, this is a fantastic piece by The Grump Economist, John H. Cochrane, senior fellow at The Hoover Institute.

Here’s a sneak preview:

What’s causing the big drop in the stock market, and the bout of enormous volatility we’re seeing at the end of the year?

The biggest worry is that this is The Beginning of The End — a recession is on its way, with a consequent big stock market rout. Is this early 2008 all over again, a signal of the big drop to come?

Maybe. But maybe not. Maybe it’s 2010, 2011, 2016, or the greatest of all, 1987. “The stock market forecast 9 of the last 5 recessions,” Paul Samuelson once said, and rightly. The stock market does fall in recessions, but it also corrects occasionally during expansions. Each of these drops was accompanied by similar bouts of volatility. Each is likely a period in which people worried about a recession or crash to come, but in the end it did not come.

Still, is this at last the time? A few guideposts are handy.

https://johnhcochrane.blogspot.com/2019/01/volalitily-now-whole-thing.html

Posted in American Exceptionalism, Economic Issues, Education, Entitlements, Free Society, Free-Market, government incompetence, Government Regulations, Income Inequality, Job loss, Leadership, Liberty, Minimum wage, Organizational structure, Policy Issues, Progressivism, Quotes from American Presidents, Uncategorized

Discrimination and Disparities with Thomas Sowell

“The disconnect between the intention and what emerges”

A conversation with Dr. Thomas Sowell about the folly of political initiatives to solve disparate impact. With predictable irony, these same interventions often exacerbate the same problems the were commissioned to fix.