The Taxman Returns
“The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing. – Jean-Baptiste Colbert, Louis XIV’s Finance Minister, 1665 The most recent $2 trillion tax…
The Stimuli and the People
Given the intense political animus on display in Washington in recent weeks, it is hard to imagine any rational policy agenda emerging from the chaos. The optics of a new president being installed with thousands of federal troops standing by…
So Now What?
Was the election outcome a reaffirmation of free market capitalism or a headlong lurch towards socialism or what Hayek termed, “The Road to Serfdom”? Wait! Is that what this election was about? Struggling with the daily COVID fear and loathing,…
Greenback Boogie
“Money is the mother’s milk of politics” – Jesse M. Unruh, 1966 Each day I get more than 20 requests for money from both political parties. The friendly missives come via text and email. Happily, they haven’t discovered my WhatsApp…
The Fed: Love Minus Zero/No Limit
In the dime stores and bus stations People talk of situations Read books, repeat quotations Draw conclusions on the wall Some speak of the future My love she speaks softly She knows there’s no success like failure And that failure’s…
Crossing the Political-Economic Divide
How do entrepreneurs assess political risk? Other than Mark Zuckerberg, do they even think about it? Are technology companies and social networks on the side of the populists? Division is in the air. Everything I read and everything I hear…
Surveillance Economics
…or Why Does My Barber Have an App? Does my barber need an app? Contemplating that question opened up an intriguing can of worms… One of the more difficult aspects of economic analysis is…
Candidate Intersectional Rankings*
It is common practice in today’s political environment to carefully profile the essential nature, or intersectionality, of the candidates to establish a fundamental sense of their legitimacy. This encompasses not only the legitimacy of their political beliefs, but, more broadly,…