One of the coolest aspects of modern life is about to come to an end. I’m speaking of the great innovation in the last 10 years in which vending machines accept credit and debit cards. No more fishing in our pockets for quarters, dimes and nickels. No more having to flatten out your $1 bills […]
Laissez-Faire Today
How Politicians Wreck What the Market Creates
One of the coolest aspects of modern life is about to come to an end. I’m speaking of the great innovation in the last 10 years in which vending machines accept credit and debit cards. No more fishing in our pockets for quarters, dimes and nickels. No more having to flatten out your $1 bills […]
The Twelve-Year Sentence
You look at the parade of mindless dopes and dopers that make up the Occupy protesters and think: What is wrong with these people? They are mostly kids. They don’t have jobs. Most don’t even look employable. Those who are employable can’t find work at a wage they are willing to accept. Instead, they meander […]
Does the Market Preserve or Wreck Tradition?
The fliers from the local grocery arrive by the day. “Buy your complete holiday meal for $40!” To me, this is just thrilling. You get a golden brown baked turkey, rolls, salad, stuffing, cranberries, and the rest of the works, straight off a Norman Rockwell painting, all for a low and memorably even price, and […]
I’ve Tried But Failed to Become a Wine Snob
Yes, I’ve been the wine-tasting parties with the index cards to fill out sip by sip. I’ve compared the 1984 with the 1986 variety of French wine and commented on their subtle differences. I’ve swished and swirled and learned how to affect a face of revelation just from the mere passing scent of a light […]
Is OWS Really Radical?
The Occupy protesters imagine that they stand in a great tradition of American radicalism, willing to stand up to the man and risk arrest in order to achieve their goals. The most obvious case of such a mass movement would be the anti-war protests of the 1960s. They started small and grew and grew until […]
A Hymn to Taco Bell
We’ve all visited Taco Bell a thousand times – 2 billion of us at least once every year – but now I’ve taken the time to examine why it is we love this place so much. Let’s just start with the obvious thing: the food. It is, of course, wonderful and full of varied textures: […]
Leaping toward the Keynesian Dream
The Fed’s latest inflationary scheme sounds like a technocratic innovation. It lowered the costs of currency swaps between central banks of the world, with the idea that the Fed would do for the globe what Europe, England and China are too shy to do, which is run the printing presses 24/7 to bail out failing […]
Unemployment Solutions: Weird and Scary
There was a brief moment of joy at the news that retailers hired 206,000 new people in November. But only one day later, the other shoe dropped: Jobless claims are, again, past the 400,000 mark — meaning that the unemployment problem is, overall, getting worse, not better. The broadest measure of unemployment exceeds 17%. It […]
Taxes Can Kill the Web Marketplace
Let’s say you are a farmer and most of your animals are dead from disease. But there are a handful of chickens still making it, and a couple of cows too. So you decided to kill them too. Now, why would you do that? I want to ask the same question of those who are […]