California legislators are close to voting on a bill that would reclassify hundreds of thousands of independent contractors as employees. If passed, this bill will destroy many very productive economic opportunities, and substantially restrict free choice for individuals.
In an environment with stable inflation, the yield curve should typically be inverted. Long term investors care about money when they retire, not next month. Most investors are long-term. If inflation is steady, long-term bonds are a safer way to save money for the long run.
Two weeks from today, I start teaching Economics 1, Stanford’s introductory economics course, and the namesake of this blog and my twitter account. I am looking forward to it, and for the same three reasons that I gave years ago when I started teaching the course: (1) “I love to teach.” (2) “I love to do economic research” and teaching is “a natural extension of research.” (3) “I love economic policy—the application of economics to government as well as to decision-making in business.”
"The IP Commission estimates that between $200 billion and $500 billion a year of intellectual property is stolen from the U.S." I found this interesting tidbit in The Atlantic interview of Kevin Hassett, ex CEA chair. (HT Marginal Revolution)
Credit the folks at ABC News’ political division: They managed to convince their network’s executives to set aside three hours of prime time for Thursday night’s Democratic presidential debate in Houston.
With the publication of the December 2017 version of the National Security Strategy, the Trump administration changed the course of American grand strategy. With it, the U.S. made a conscious choice to leave behind President George W. Bush’s controversial neo-conservative inspired policy of “preemption” and Barack Obama’s convoluted “consequentialism,” embracing instead the more traditional approach of “principled realism,” first articulated by President George Washington. In this new era all previous policies and approaches are under review, including one of our oldest foreign policy statements—the Monroe Doctrine of 1823.
I’ll admit to a guilty pleasure: watching episodes of Shaqtin’ A Fool, a weekly cable television segment (featuring Shaquille O’Neal, it’s play on the phrase “actin’ a fool) that showcases off-beat and oddball moments in the National Basketball Association.
Hoover Institution fellow Jim Mattis discusses the importance of allies and America’s role in conflicts in the Middle East. Mattis also explains why we should never label political opponents ‘enemies of the people’.
For more than a year, leaders in Washington have been circling the drain trying to find a compromise on immigration legislation. It has reached far beyond just a policy concern as there have been multiple solutions tossed around from lawmakers as well as 2020 presidential candidates. In late August, the White House announced a new plan that will replace a decades-old court order that determines new regulations on detainment.
Former Secretary of State Condoleezza Rice has come out in defense of President Donald Trump's dramatic u-turn on an imminent peace agreement with the Taliban, suggesting that the militant group had become overly confident during recent negotiations.
Former U.S. Defense Secretary James Mattis has urged the U.S. government to offer more support to anti-government protesters in Hong Kong, arguing that the ongoing unrest in the territory is an international, rather than an internal, issue.
2020 watch: Dems See It as ‘Biden or Bust’ One difference between Donald Trump’s “exaggerations and narcissisms” and Joe Biden’s “daily bloopers, signs of debility or embarrassments,” notes Victor Davis Hanson at American Greatness, is that the former were “baked into” an outsider candidacy while Biden’s “brand is mainstream Democrat left-liberal orthodoxy, which supposedly does not include weird and wild La La Land pronouncements.”
Former U.S. Defense Secretary Jim Mattis said on Monday anti-government protests in Hong Kong were “not an internal” Chinese matter and that the United States should offer at least moral support to the demonstrators.
According to senior fellow at Stanford University Niall Ferguson, Boris Johnson the current prime minister of Britain has no alternative left before him except to resign as he has lost. There is already immense pressure on Mr. Johnson to complete formalities of Brexit within 55 days followed by political uncertainty within the country.
After reading Thomas Sowell’s Basic Economics this summer, I found a reason to feel confident that the Student Choice Initiative (SCI) poses some benefits despite its shortcomings. I am no economics major; however, the incentives the SCI creates for students’ unions might serve to be a major benefit.
During a recent Facebook Live Q &A session, Representative Alexandria Ocasio-Cortez (D-NY) told viewers that she so feared a future of climate change that she woke up at “like 3:30am” worrying about the fate of the planet.