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 2018-04-26 09:39 

Economic Policy Journal

This is What Would Really Happen if the Bernie Sanders Plan to Get Government to Guarantee Everyone a Job Went Into Operation...

By Michael S. RozeffBernie Sanders is running for president again, it appears. He's in the news with his plan by which the government guarantees a job to every single American, and at a minimum wage of no less than $15 an hour. The plan is excellent, ...

 2018-04-26 09:39 

Economic Policy Journal

"There Are Very Few People Who Initiate A Whole New Philosophy."...

Below is Part 2 of my debate with Dr. Walter Block.Dr. Block starts out with some very kind words about my Private Property Society theory:There are very few who initiate a whole new philosophy, utilitarianism or libertarianism or anarcho-capitalism or wh...

 2018-04-25 21:27 

Economic Policy Journal

Stockman Takes on the Entire Fox Business Panel...

David is tough and correct here.Heed his warning, a yield shock is coming! And he is great on the military.-Robert Wenzel...

 2018-04-25 21:27 

Economic Policy Journal

The Just Released Redesigned Gmail is a Monster...

CONFIDENTIAL!Confidential emails, disappearing emails, the newly redesigned Gmail is a monster.CNBC reports on some of the features:One of the most exciting new features is a "confidential mode" that prevents people from copying, forwarding, downl...

 2018-04-25 21:27 

Economic Policy Journal

Japan is in The Details...

Scott Summers has a great report on his trip to Japan. This is how travel logs should be written. Here.-Robert Wenzel...

 2018-04-25 21:27 

Economic Policy Journal

Treasury Secretary Mnuchin Caught in the Big Solar Eclipse Lie...

According to the Washington Post, when Treasury Secretary Steve Mnuchin was asked last year if he took an Air Force jet in August 2017 to Fort Knox to watch the solar eclipse he said: ""People in Kentucky took this stuff very seriously. Being a Ne...

 2018-04-25 21:27 

Economic Policy Journal

Former CEO of PayPal: 'OK, I'll say it: Bitcoin is a Scam'...

Bill Harris, founding CEO of PayPalBill Harris, former CEO of Intuit and founding CEO of PayPal, writes at ReCode:I'm tired of saying, "Be careful, it's speculative." Then, "Be careful, it's gambling." Then, "Be careful, it...

 2018-04-25 09:09 

Economic Policy Journal

MIT Comes Up With Three Ways To Destroy Bitcoin...

Molly Jane Zuckerman reports:The MIT Technology Review has published an article today, April 24, called "Let's Destroy Bitcoin," detailing three ways that the cryptocurrency could be "brought down."The first option, according to the ar...

 2018-04-25 09:09 

Economic Policy Journal

Leland B. Yeager, R.I.P....

By David Gordon I am sorry to report that Leland Yeager passed away on April 23, at the venerable age of 93. Although he described himself as a "fellow traveler" rather than a full member of the Austrian School, he greatly admired Ludwig von Mises...

 2018-04-25 09:09 

Economic Policy Journal

Leland Yeager's Facility With Languages...

As David Gordon notes, Leland Yeager passed away on Monday.Alex Tabarrok reports:His facility with languages was legendary:Another doctoral student, the president of the Graduate Economics Club, was working with Yeager (in Yeager's capacity as Directo...

 2018-04-24 15:51 

Economic Policy Journal

COMING SOON: New Money-Hating Pope Film...

A new documentary on Pope Francis will be released wide in May.From the trailer we see the Pope hating on money. No doubt, the film will showcase more of his anti-capitalistic, pro-socialist views.Buckle your seat belts and carry a vomit bag.-Robert Wenze...

 2018-04-24 15:51 

Economic Policy Journal

The Differences in Wage Growth Premiums from Changing Jobs During Different Phases of the Business Cycle...

John Robertson, a senior policy adviser in the Atlanta Fed's research department, reports:The wage growth of job-switchers tends to be a better cyclical indicator than overall wage growth. In particular, the median wage growth of people who change ind...

 2018-04-24 09:32 

Economic Policy Journal

Does Larry Kudlow Have Big Time Influence with the President?...

President Trump has made it clear that Larry Kudlow, his new economic adviser, "direct reports" to him and not through chief-of-staff General John Kelly, according to CNN sources.But the big question is does access mean influence? Kudlow is a free...

 2018-04-24 09:32 

Economic Policy Journal

Will the Nutty Moviepass Business Model Finally Cause the Collapse of the Company?...

I have reported on Moviepass in the past and questioned whether their business model could survive (See:What the Hell is Wrong With AMC Theaters?).Essentially, for a fee of $10 per month, Moviepass will pay for all your movie purchases for the month. Movi...

 2018-04-23 19:27 

Economic Policy Journal

What Paul Krugman Understood About Health Economics When He Went on TV Calling for More Central Planning in Healthcare...

He told mourners during a eulogy for Uwe Reinhardt:Around 2005 I was one of the many U.S. progressives with a public platform who decided that it was time to make another push at health reform, the push that eventually led to the Affordable Care Act. But ...

 2018-04-23 19:27 

Economic Policy Journal

"The Jesuits are Essentially Poorly-Educated Marxist Revolutionary Wannabes Hiding Behind Priests' Collars."...

In response to, Loyola Professor Attacks Austrian Economics, Dr. Thomas DiLorenzo writes:Walter, your ignorant, intolerant, closed-minded, and anti-scholarly "colleague" is indeed a very big dummy and a hypocrite. If he (or she) was the expert on ...

 2018-04-23 10:09 

Economic Policy Journal

Loyola Professor Attacks Austrian Economics...

Dr. Walter BlockDr. Walter Block writes to a colleague:Dear Colleague:I congratulate you for your interest and involvement in the betterment of our university in general and our college in particular.However, I cannot agree with this statement of yours:&#...

 2018-04-23 10:09 

Economic Policy Journal

Fighting the High Minimum Wage: The Robotic Coffeebar in San Francisco...

As the minimum wage climbs, it makes more sense for retail vendors to employ robots.Robotic Coffeebar has just opened its second location in San Francisco on Market Street at the corner of the financial district. The first SF location opened last year ins...

 2018-04-22 21:55 

Economic Policy Journal

This is The Original Sin in Accounting That Tries to Distort How You Think About Cash...

This is a great discussion (in under three minutes!) by the great Bill Bergman, Director of Research atTruth in Accounting, on the shady move by some accounting theorists to muddy the difference between physical cash you have in your hand and cash held in...

 2018-04-22 21:55 

Economic Policy Journal

Trump's Desire to Destroy the Value of the US Dollar...

Robert Burgess of Bloomberg correctly notes:If there was any doubt that the White House is actively seeking to weaken the dollar, then a tweet from President Donald Trump Monday should put the issue to rest. Trump wrote on Twitter that "Russia and Chi...

 2018-04-22 10:09 

Economic Policy Journal

Heroic Robotics...

A pair of robots has assembled an Ikea chair.The Economist reports:In a paper just published in Science Robotics, a group of researchers at Nanyang Technological University, in Singapore, report having managed to get a pair of ordinary industrial robots t...

 2018-04-21 21:54 

Economic Policy Journal

Confusion at the Wall Street Journal on Trade Deficits...

Greer, South Carolina BMW plantHere's a Don Boudreaux letter to the Wall Street Journal:Greg Ip writes that "The U.S. runs a trade deficit because it consumes more than it produces while its trading partners, collectively, do the opposite" (&#...

 2018-04-21 21:54 

Economic Policy Journal

Bitcoin Processor Bans WikiLeaks Shop...

Oh yeah, Bitcoin is really the way around government. #FakeClaim #DelusionalClaimCryptocurrency payment processor Coinbase has banned the WikiLeaks Shop without providing them with any explanation, reports The Gateway Pundit.According to Gateway, the Wiki...

 2018-04-21 21:54 

Economic Policy Journal

Bill Murray on Teaching Kids About Taxes...

"The best way to teach your kids about taxes is by eating 30% of their ice cream."-- Bill Murray pic.twitter.com/DBi1UVM3Tp— Prof. Steve Hanke (@steve_hanke) April 21, 2018...

 2018-04-21 09:54 

Economic Policy Journal

The Unequal Distribution of Talent...

-Robert Wenzel...

 2018-04-20 22:01 

Economic Policy Journal

Turkey Will Repatriate All Its Gold Held in the US; But Why?...

This morning, the government of Turkey announced that it has decided to repatriate all its gold stored at the New York Federal Reserve bank and have it delivered it to the Istanbul Stock Exchange.According to the latest IMF data, Turkey's gold reserve...

 2018-04-20 09:39 

Economic Policy Journal

How Will the Supreme Court Rule on Across the State Border Online Sales Tax Pain?...

Will the Supreme Court rule that online retailers have to collect sales taxes in states where they have no physical presence? In other words, if you live in New York and buy something online from a seller in Alaska are the Supremes going to force the Alas...

 2018-04-20 09:39 

Economic Policy Journal

Is Trump Going to Interfere With Federal Reserve Monetary Policy?...

Can Trump get into Jay Powell's head.Sam Fleming at the Financial Times notes:The Trump administration is proving more willing to comment on Federal Reserve rate moves after saying little about central bank policy in its first year, in a development t...

 2018-04-19 21:54 

Economic Policy Journal

Why Are Credit Card Numbers on the Back Now?...

By Jaime DunawayIf you've recently received a new credit card, you may have noticed a change. Perhaps what was missing caught your attention. A growing number of credit cards have a sleek design on their faces without bulky, raised account numbers run...

 2018-04-19 21:54 

Economic Policy Journal

Venezuela Price Inflation Hits a New Annual Rate of 18,926%...

Try and plan your budget in this economy.Via Prof. Steve Hanke-Robert Wenzel...

 2018-04-19 21:54 

Economic Policy Journal

Amazon Filed Patent to De-Anonymize Bitcoin Transactions...

Dark City Crypto reports that in 2014, Amazon applied for a patent that would help de-anonymize cryptocurrency transactions. They would then sell that information to law enforcement and government agencies. Although Bitcoin was never meant to be totally p...

 2018-04-19 21:54 

Economic Policy Journal

More Proof Trump is on Steroids When He Works for the Military-Industrial Complex...

The Trump administration just rolled out an overhaul of U.S. arms export policy on Thursday aimed at expanding sales to allies, saying it will bolster the American defense industry.According to Reuters, companies that stand to benefit from the new policy ...

 2018-04-19 08:07 

Economic Policy Journal

The Evil Supreme Court Decision on Eminent Domain...

Don Boudreaux writes:In what is perhaps the worst U.S. Supreme Court decision in my lifetime (although here is one of a handful of competitors for that awful honor), the highest court in the land sunk to the low depths at which typical politicians slither...

 2018-04-19 08:07 

Economic Policy Journal

The Truth About "Wild, Wild Country"...

-Robert Wenzel...

 2018-04-18 20:41 

Economic Policy Journal

Will a Certain Type of Private Property Protection Prevent a Certain Kind of Artificial Intelligence Abuse?...

It certainly could.Jordan Peele and BuzzFeed teamed up to make the below fake youtube video using AI to create a statement by "President Obama".According to Verge:The video was made by Peele's production company using a combination of old and ...

 2018-04-18 20:41 

Economic Policy Journal

Help-Wanted Ads Point to Boston, D.C. Area as Top Sites for Amazon HQ2...

By Jeffry BartashBoston and the greater Washington, D.C. metro might be the most likely places for Amazon to build its second headquarters — if help-wanted ads are any indication.One of key determining factors for Amazon is expected to be the availa...

 2018-04-18 08:16 

Economic Policy Journal

Larry Kudlow Throws Nikki Haley Under the Bus, Haley Throws the Bus Back at Kudlow...

On Sunday, U.N. Ambassador Nikki Haley said during an appearance on "Face the Nation" that Treasury Secretary Steven Mnuchin would be announcing new sanctions on Monday directed at companies associated with Syria's chemical weapons program, &#...

 2018-04-18 08:16 

Economic Policy Journal

Walter Block on Wenzel's New PPS Book: "A Totally New Form of Anarchism"...

Here's Part 1 of my debate with Dr. Walter Block on my new book, Foundations of Private Property Society Theory: Anarchism for the Civilized Person.In this part, he states that the perspective advanced in the book is a: "Totally new form of anarch...

 2018-04-17 21:35 

Economic Policy Journal

DELUSIONAL: City Attorney Issues Cease-and-Desist Orders to Scooter Companies...

San Francisco City Attorney Dennis Herrera has issued cease-and-desist orders to the businesses that rent electric scooters. Herrera sent letters Monday to Bird, LimeBike and Spin, the companies running the scooter operations, ordering them to stop doing ...

 2018-04-17 21:35 

Economic Policy Journal

Mnuchin Says Online Tax Filers to Get Extension...

Treasury Secretary Steve Mnuchin says Americans who have been unable to pay their taxes Tuesday because the IRS payment website is down will receive an extension until the site is working again.The website has been down most of the day and wasn't oper...

 2018-04-17 21:35 

Economic Policy Journal

The Cost and Fraud of Empire First...

By David StockmanWhen the Cold War officially ended in 1991, Washington could have pivoted back to the pre-1914 status quo ante. That is, to a national security policy of America First because there was literally no significant military threat left on the...

 2018-04-17 08:54 

Economic Policy Journal

Murray Sabrin Launches "Tax Day" Money Bomb...

Murray is a solid libertarian. It would be fun to see him in the Senate.He is anti-war.Anti-tax.and Anti-big government spending.More here.-Robert Wenzel...

 2018-04-17 08:54 

Economic Policy Journal

President Trump to Nominate Michelle W. Bowman for Federal Reserve Board...

President Trump is not exactly draining the swamp in front of the Federal Reserve Marriner S. Eccles Building in Washington D.C.Reports indicate he is about to nominate Michelle "Miki" Bowman for one of the empty Federal Reserve Board seats. There...

 2018-04-16 20:10 

Economic Policy Journal

How a New SEC Regulation is Going to Screw Low Wage Workers...

A new SEC regulation requires companies to disclose the pay ratio between executives and workers.In the current confused egalitarian environment, there is no CEO who wants to show a high executive pay ratio relative to workers.If I am the CEO at a firm th...

 2018-04-16 20:10 

Economic Policy Journal

Trump Throws Nikki Haley Under the Russian Sanctions Bus...

As the Trump World turns.The Washington Post reports:President Trump on Monday put the brakes on a preliminary plan to impose additional economic sanctions on Russia, walking back a Sunday announcement by U.S. Ambassador to the United Nations Nikki Haley ...

 2018-04-16 09:04 

Economic Policy Journal

Google is About to Launch a Major Upgrade for Gmail...

Rumors are flying that Google is on the edge of releasing a major update to the Web version of Gmail, reports the Washington Post.In a statement, Google did not confirm specific changes but did acknowledge that it's working on an update to its email s...

 2018-04-16 09:04 

Economic Policy Journal

The Financial Time Bomb That is Italy...

Wolfgang Mnchau was absolutely correct when he recently wrote:The eurozone crisis left Italy with only one improbable pathway to put itself on a sustainable footing: permanent fiscal restraint and economic reform (coupled with a prayer that this dream com...

 2018-04-15 16:43 

Economic Policy Journal

Why Trump Really Ended Up Putting Out a Positive Tweet About China's President and Trade Policy...

Very thankful for President Xi of China's kind words on tariffs and automobile barriers...also, his enlightenment on intellectual property and technology transfers. We will make great progress together!— Donald J. Trump (@realDonaldTrump) April ...

 2018-04-15 16:43 

Economic Policy Journal

What If China "Dumped" Goods in America for Free?...

Robert J. Barro correctly observes:The Trump theory of international trade seems straightforward: Selling stuff to foreigners is good, and buying stuff from foreigners is bad. It's a form of mercantilism. Exports are attractive because they represent ...

 2018-04-15 09:29 

Economic Policy Journal

A Report on "Saturday-Morning-Cartoon Central Planning" in the Oval Office...

The Wall Street Journal editorial board reports:Mr. Trump has been getting an earful about the damage that his tariffs-first trade policy might do to U.S. farmers if countries like China retaliate. But instead of dropping the tariffs, Mr. Trump and some o...

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