In the 1983 film Return of the Jedi, Admiral Ackbar turns to the officers on the bridge and says what everyone already knew: “It’s a trap!” It had seemed a little too easy to be…
Category:
Economy
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My confidence in free markets is so high, and my faith (for faith is required) in government is so low, that my presumption is that nearly all government interventions into the economy are, on net,…
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If you think the US banking system has problems now, ninety years ago this month a new President shuttered the entire banking system for a week. Knock on wood that does not happen again, as…
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Not long ago, I flew into a small Ohio airport. Don’t ask why, sometimes Ohio just happens and you have to deal with it. Arriving late (having flown Delta: “Delayed Every Last Time Always”), I…
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In 2021, Chobani became the first in the US dairy industry to achieve Fair Trade status after being certified by Fair Trade USA (FTUSA). This feat, however, wasn’t enough to keep at bay a class…
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Only the tiny island nation of Tuvalu outpaces Americans in citizens’ “choice” to spend on healthcare (as a share of GDP). Most Americans who seek health services, however, would rail against our use of the…
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Promotio Competitio is a magic spell, more potent than many others. Neither Harry Potter’s Expecto Patronum, which drives away horrifying Dementors, nor Hermione Granger’s Obliviate, which made her parents forget that they ever had a…
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On an otherwise sleepy afternoon of Friday, March 10, 2023, we witnessed the second-largest bank collapse in US history. Around midday, the California Department of Financial Protection and Innovation (DFPI) announced that it had taken…
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Following the recent US-imposed microchip bans on China, The Biden Administration launched the CHIPS for America Funding Opportunity. The administration aims to revitalize the domestic semiconductor industry and restore US leadership in chip manufacturing. Like…
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When gas prices rose 150 percent from June 2020 to June 2023, politicians and the media didn’t hesitate to blame corporate greed. The evidence they offered was two-fold: rising prices and rising profits. Yet over…