Economy

A water drop and ripples

As progressives rally to take “the whole F!@#$%^ State House,” RI must consider the consequences.

By Justin Katz | September 29, 2021 |

You can insist it’s immoral or simply scoff as if these folks don’t count, but this is simply the sort of thing that happens when radicals seize control: A potential lurch to the left in Germany’s election on Sunday is scaring millionaires into moving assets into Switzerland, bankers and tax lawyers say. If the center-left…

Gina Raimondo

America, beware Raimondo’s slick talk.

By Justin Katz | September 29, 2021 |

To be honest, there isn’t much content to the topic, yet, but Rhode Islanders may find themselves triggered by the Epoch Times’ headline on a Reuters article featuring our former governor, Gina Raimondo:  “US Commerce Chief to Push Investment in Domestic Economy.” “For America to compete globally, we must invest domestically—in American workers, American businesses,…

A woman with a bitcoin over her eye

Cryptocurrencies add nothing to the pricing of immaterial values.

By Justin Katz | September 28, 2021 |

For a recent episode of the Jordan Peterson Podcast, the host had a conversation with four Bitcoin enthusiasts: John Vallis, Richard James, Gigi Der, and Robert Breedlove.  As befits a college professor and intellectual, Peterson leads them to cover the basics of the technology as well as to explore some of the more-profound implications of…

Copenhagen, Denmark

Denmark shows how socialism creates a permanent underclass.

By Justin Katz | September 22, 2021 |

A July episode of the Econtalk podcast is worth your time.  University of Chicago Economist James Heckman (a Nobel Laureate) and host Russ Roberts discuss the former’s research on social mobility in Denmark, a country with frighteningly detailed data on all of its citizens.  Here’s a key point worth teasing out, from Heckman (emphasis added): … Denmark…

Pipes

A young entrepreneur in the trades shows how the economy ought to work.

By Justin Katz | September 21, 2021 |

The story of Canadian plumber Noah Fladager, as related by Louise Bevan in The Epoch Times, illustrates exactly the ideal around which public policy should be formed: A young plumber, and father, who quit a secure job to go solo is celebrating the fruits of his labor. Not only does he now employ others, but he’s…

A water drop and ripples

The bright Amazon cloud in Johnston does have a dark shadow.

By Justin Katz | September 20, 2021 |

It would be difficult to argue against welcoming an Amazon distribution center in Johnston.  That’s a lot of money that will flow into Rhode Island and one of its municipalities. There’s even an important and encouraging observation to be made about the fact that it will be in Johnston, with its conservative-Democrat mayor, Joe Polisena. …

A stack of boxes outside a door

Politics This Week with John DePetro: In and Out of Power and Everything In Between

By Justin Katz | September 20, 2021 |

John and Justin talk about people and groups that are in and out of political races and trends.

A man sips espresso with a view

Conservative redistributionists consider something progressive redistributionists don’t: human nature.

By Justin Katz | September 17, 2021 |

When Ray Rickman mentioned his support for progressive wealth redistribution during his State of the State conversation with Mike Stenhouse, Sten didn’t want to redirect the conversation into that debate, only mentioning (because he couldn’t not say anything, of course) that the big question is who the angels are to decide when enough is enough.  If…

A man and woman high five in an office

Is it really worth harming women in order to implement pay-equity laws?

By Justin Katz | September 14, 2021 |

Free-market purists err in that they disregard (or, at least, discount) the importance of factors that both they and the market have a hard time factoring into their equations.  Even relatively unadulterated free-marketers recognize the problem of externalities and the tragedy of the commons.  We should arguably go a little farther than that and recognize…

Joe Biden's smile.

Biden’s vaccine mandate seems strategically divisive to create two classes of people and businesses.

By Justin Katz | September 10, 2021 |

There are so many angles to debate with Joe Biden’s play to force every American company with 100 or more employees to mandate vaccines among its employees, but for the moment, think about how crazy it is economically.  The United States is in the position of having more jobs than people are willing to fill,…

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