Amazon announced Thursday it will not build a new headquarters in New York City, citing the backlash from union leaders and some lawmakers over the nearly $3 billion in government incentives included in a deal to bring the company to NYC. Those leaders treat Amazon’s decision as a victory. [...]
We don’t think about it, but most of the Internet’s infrastructure, from Facebook to Google, is made possible by targeted online advertising. But Congress might be trying to change that, and it could have real consequences for advertisers and consumers. Q4 hedge fund letters, conference, scoops etc Renno_new / Pixabay Some members [...]
In terms of their reception by Western intellectuals, socialist experiments usually go through three distinct stages. Q4 hedge fund letters, conference, scoops etc DavidRockDesign / Pixabay Three Stages of Socialism The first stage is the honeymoon period, the period during which the experiment shows some initial successes, and Western intellectuals wax lyrical about [...]
In the introduction to my eBook anthology released by FEE last September, When Money Goes Bad, I zeroed in on an economic cancer responsible for bringing down scores of economies over the centuries: Q4 hedge fund letters, conference, scoops etc Image source: YouTube Video Screenshot Inflation—the systematic expansion of the money supply [...]
Can’t anyone do anything in this country without federal subsidies? Q4 hedge fund letters, conference, scoops etc pefertig / Pixabay A friend emailed me a local news story from Lancaster County, Pennsylvania: “Firefighter recruitment ads on hold due to funding because of government shutdown.” A Lancaster County government shutdown? Nope, the federal [...]
According to Congressional Budget Office (CBO) data, the federal government spent $3.9 trillion in 2017. In Argentina, total federal spending in 2017 was $161 billion. Q3 hedge fund letters, conference, scoops etc Proulain / Pixabay The above statistical disparity rates mention in consideration of all the hand-wringing related to the partial federal [...]
Editor's Note: Lawmakers reached a temporary agreement with the president to reopen the government on Friday. Q4 hedge fund letters, conference, scoops etc Renno_new / Pixabay In our Principles of Microeconomics courses, we sometimes consider whether a firm should shut down some line of production. A firm shuts down when it ceases [...]
The stock market was a wild ride in December. At one point, it was on track for its worst December since the Great Depression. Many observers saw in this the first twitchings of an economic downturn. They may well be right. Or, they may not. Q3 hedge fund letters, conference, [...]
I sometimes joke around with my friends about how I should write a book on how I grew up in a wonderful church community, meditated regularly, took long pensive walks, enjoyed great friendships, fell in love, laughed daily, engaged the brightest minds in rich conversation about the meaning of [...]
As a result of the impressive, "eye-popping," and ongoing surges in Texas’s oil production over the last decade, the Lone Star State recently surpassed Canada’s oil output for the first time this year (except for a few previous outlier months when production in Canada dropped sharply, see chart below), [...]
The disastrous state of Venezuela’s health system is yet another example of the calamity that has befallen that country under dictatorial socialism. Q3 hedge fund letters, conference, scoops etc DavidRockDesign / Pixabay Of course, defenders of the cause always like to argue that the failure of a socialist experiment doesn’t devalue socialism at all. [...]
Lambda School, a Y Combinator company that trains students in software engineering in exchange for a slice of their income for a few years, recently raised $30 million from investors in a Series B round. The core differentiator between Lambda School and its competitors is that Lambda operates under [...]
When it comes to education reform, there are generally two camps: those who want to improve the existing mass compulsory schooling system through tweaking and tuning and those who want to build something entirely new and different. Not surprisingly, Apple co-founder Steve Jobs was in the “think different” camp, [...]
In 1988, The Economist magazine ran an article on Ireland titled “The poorest of the rich.” The title was well-deserved. That year, Irish per capita GDP was just 70 percent of the figure for the United Kingdom and 52 percent that of the United States. The unemployment rate was 16.2 percent [...]
The number of generic drugs approved in 2018 surpassed those in the previous year. Q3 hedge fund letters, conference, scoops etc DarkoStojanovic / Pixabay In the 2018 fiscal year, the Food and Drug Administration set a record by approving and tentatively approving 971 generic drugs, including a record-breaking month with 110 generic drug [...]
On New Year’s Day 2018, California became the sixth state to end prohibition by legalizing the sale of recreational cannabis. In addition to striking a blow against the disastrous War on Drugs, the full-fledged legalization of marijuana was also expected to trigger an economic boom throughout the Golden State, [...]
There are two energy futures for America. One is freedom and prosperity. The other is politics, conflict, and waste. As with other goods and services, energy’s availability and affordability will depend on whether natural incentives and economic law are respected or hampered by government policy. Q3 hedge fund letters, conference, [...]
Earlier today, the Cato Institute sued the Securities and Exchange Commission in federal court, challenging the SEC’s policy of imposing perpetual gag orders on settling defendants in civil enforcement actions. The clear point of that policy is to prevent people with the best understanding of how the SEC uses [...]
Only a few months ago, most economic commentators were sanguine about prospects for the US economy. Most of them did not expect an imminent downturn. Now, all that has changed, with most experts expecting the economy to enter a downward phase of the economic cycle by 2019. According to [...]
The Atlantic has an article decrying the fact that economists are refusing to give behavioral economics a bigger role in introductory economics courses. I’m going to argue that this oversight is actually appropriate, even if behavioral economics provides many true observations about behavior. Q3 hedge fund letters, conference, scoops etc geralt / [...]
Our friends at E21 have a new article breaking down the exceptional (and surprising) US job growth in December: Q3 hedge fund letters, conference, scoops etc The US December jobs report was exceptional with employment gains of 312,000, rising labor force participation and hours worked, and average hourly earnings growth of [...]
I like subways and spent most of my adult life taking them to work. Unfortunately, most people prefer to drive. It can take an hour and a half to take buses and trains to work for a commute that would take only half an hour by car. Q3 hedge fund [...]
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