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A Change in Consumer Patterns

from the New York Times, Stores Suffer From a Shift of Behavior in Buyers by Hiroko Tabuchi excerpts: Data released by the Commerce Department shows that American consumers are putting what little...

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Why Inequality is Getting Worse

From George Will at National Review, A Philosopher Takes On the Left’s Obsession with Income Inequality First, the entitlement state exists primarily to transfer wealth regressively, from the...

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Folly and Presumption

The statesman who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority...

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Historical Regression

Any society that entails the strengthening of the state apparatus by giving it unchecked control over the economy, and re-unites the polity and the economy, is in historical regression. In it there is...

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The Secret to Berkshire’s Success

By Henry Oliner For the third consecutive year I attended the Berkshire Hathaway annual meeting in Omaha.  It has become a tradition for a group of us attending to meet the first night at Drovers...

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Stagnant Inertia

Six years from the Great Recession and the excuses for the tepid recovery are becoming worn.  This time is different- well it always is.  There may be an issue with structural changes that affect...

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Trump Steals The Union Vote

From Peggy Noonan at The Wall Street Journal, Trump Tries to Build a ‘Different Party’: The lengthy, public and early meeting with the union leaders was, among other things, first-class, primo...

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The True Cost of Cheap Money

From The City Journal "Ultralow rates ease the pressure on enterprises to adopt productivity-enhancing innovations, restructure inefficient operations, and dispose of unproductive assets. That’s a...

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The Covid Market

When the vast amount of money from the Fed is dropped on the economy it does not matter where it is directed, much of it will find its way to the service providers and producers where the money will be...

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Peter Has Options

When you rob Peter to pay Paul you can always count on Paul’s approval, but you cannot count on Peter to remain cooperative. Peter has options.

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