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Banning Skittles Might Seem Trivial. It’s Not
My 9-year-old son and his teammates often buy Skittles at wrestling tournaments. Their theory is that eating them before matches gives them energy — especially certain colored ones. “The red ones make you kick a**,” one boy…
Silicon Valley Bank: Mismanagement Is Not an Excuse for Inefficient Regulation
"The mismanagement was endogenous to the regulatory regime. Rather than promoting financial stability, regulators have undermined it. Doubling down on a failed strategy will not make things better." ~ Nicolás Cachanosky
What if Gold Coins Were Mated With Bank Notes? An Interview with Jeremy Cordon of Goldback
"There is certainly a market for sound money that is hard to serve legally. Yet Cordon has proposed a way to serve that market – at least in an anachronistic sense. But those bought into the promise of cryptocurrencies,…
How Queen Elizabeth II’s Long Life Illustrates ‘the Greatest Story Ever Told’
What is the role of the British monarch? Since the Glorious Revolution of 1688, the role has been almost exclusively symbolic. But symbols have power to define a nation, give sustenance to a culture, and strengthen its…
Tax Strike!
"For political reasons, the beefed-up IRS probably will not cause serious trouble until processing 2024 returns in 2025. Unless, that is, taxpayers rebel the only way they still can, via the electoral process, starting…
Greta Thunberg’s War Against Wind Farms
"The Manichean view clutched by climate activists like Thunberg undercut the very goals they wish to achieve, by neglecting the power of human ingenuity. After all, the ultimate resource is the human mind, not government…
4 Tips to Building Financial Stability—Courtesy of Noah Webster
With inflation, prices, and bank failures all on the rise these days, many of us are looking anxiously toward our pocketbooks and wondering what we’ll do when the financial crisis inevitably hits. Will we have to start over…
Don’t Expand Deposit Insurance. Abolish It!
"Deposit insurance creates perverse incentives that weaken market discipline and encourage excessive risk-taking. Expanding deposit insurance will only make these problems worse." ~ Bryan P. Cutsinger
Inflation Slowed in February, But Remained High
"Recent experience should prompt calls for the Fed to adopt a symmetric average inflation target when it reevaluates its mandate in 2024 and 2025." ~ William J. Luther
John Lennon was Actually an Awful Role Model
Sixty years ago, Beatlemania was rocking the world of music. Writing in the Atlantic, Colin Fleming refers to 1963 as “that magical and formative year for the band,” “the year the Beatles found their voice,” and “the band’s…
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