President Joe Biden is boasting about the recent stock market rally. He's right that stocks have been on a tear for the last 14 months. The S&P 500 hit 5,000 for the first time in history. That's up from 500 some 30 years ago.
Even with all our problems, the United States is the unrivaled alpha male nation. The dollar is the only currency that ...Read more
President Joe Biden, Senate Majority Leader Chuck Schumer and a handful of left-leaning Republicans (led by Utah Sen. Mitt Romney, of course) have just agreed to a near $100 billion foreign aid bill for Israel and Ukraine.
Is the spending addiction so severe that there is NOTHING Congress will not spend and borrow money for?
Not one penny of ...Read more
It's a miracle of private sector innovation and the magic of the free enterprise system that technologies that were only the playthings of the super-rich a generation ago are now available and affordable to almost all Americans.
Back in 2000, only half of Americans had internet access. Now it's 92%. Today, nearly 19 out of 20 adults have access...Read more
Here's a sad and textbook case of how companies all too often use the strong-arm of government to destroy their competition.
The online gambling industry in America spent years and years fighting against the powerful Las Vegas casinos to make online sports betting legal in the states. They won a historic Supreme Court case in 2018 that struck ...Read more
For the past 30 years or so, the Left has invented a narrative that there are two Americas: a group of very super-rich people (the one-percenters) who have prospered over the past several decades, and everyone else who has gotten poorer. It's a fairy-tale narrative because almost all Americans have seen financial progress. The median household ...Read more
The rapid succession of bank failures last spring clearly spooked federal regulators at the FDIC, the Federal Reserve Board and bank depositors. The bad decision-making at Silicon Valley Bank, Signature Bank and First Republic Bank caused the regulators to implement emergency life preserver measures to banks and conjured up memories of the 2008 ...Read more
The latest Census Bureau data on population changes in America should have been a wake-up call to lawmakers in blue states and cities. The Census data provide even further evidence that "soak the rich" tax policies have incited a blue-state meltdown.
California, New York and Illinois all lost the most population last year. These states have ...Read more
Repeat after me, class: Growth does NOT cause inflation. Write it on the blackboard 100 times.
For decades, the economics profession has been trying to tell us all just the opposite. They keep shoveling out the dumbest economic concept of all time: the Phillips Curve. This was the lame-brained "theory" by neo-Keynesian economists of the 1960s ...Read more
Nothing exemplifies America's tech industry dominance in the global economy more than the meteoric rise of what is now being called the "Magnificent Seven" stocks -- Amazon, Apple, Google, Meta, Microsoft, Nvidia and Tesla. These companies single-handedly account for nearly all the gains in the stock market this year. They -- which is to say ...Read more
The late, great humorist P.J. O'Rourke used to quip that everyone wants to save the world, but no one wants to wash the dishes.
Well, now that can be said for traditional environmental groups that seem to have lost their way.
Green groups are supposed to be about keeping our rivers, lakes and streams clean. They are supposed to be about ...Read more
There's a political cartoon going around that shows John F. Kennedy and Robert F. Kennedy sitting on a couch watching a speech by Robert F. Kennedy Jr. The two hold their palms to their heads and moan that their legacy is being twisted and ruined.
This has the situation completely backward. It isn't RFK Jr. who is rejecting the Kennedy brothers...Read more