The ironic thing about Michael Malice's book The New Right: A Journey to the Fringe of American Politics is that it mostly deals with the Left. What unites the Right, argues Malice, is that they all hate the Left. His definition of the New Right...
On Monday, the automaker Tesla Inc. announced that it had acquired $1.5 billion in Bitcoin and may accept the cryptocurrency as a form of payment in the near future. The business intelligence software company MicroStrategy began purchasing large amounts of Bitcoin last August. The payment...
It’s winter in the Northern Hemisphere – a season when environmental concerns seem most strange. (And no, I’m not talking about cold winters providing evidence against global warming, for they are not: Climate is the long-term sum of volatile short-term weather patterns, patterns that themselves...
The recent GameStop short-squeeze drama has riveted financial markets. Given the historic unpopularity of short sellers (e.g., Holman Jenkins has written that “short-selling is…widely unpopular with everyone who has a stake in seeing stock prices go up”), the resulting heightened invective against them is not a surprise. Unfortunately,...
Blank Section (Placeholder)Blank Section (Placeholder)Featured interview with Terry Andersonvia Fellow TalksPolicyEdHoover Daily ReportHoover Institution senior fellow Terry Anderson answers frequently asked questions from his "Renewing Indigenous Economies" videos on PolicyEd. Read the Full Article here: >Hoover Institution...
There’s a movement well underway to make it illegal for low-productivity workers to hold jobs. The idea is that people who are not productive enough to earn $15 an hour should not be allowed to work. Several states have already passed laws that will prohibit...
(Don Boudreaux) Tweet“Who’s Robbin’ Who?” My old buddy Roger Koppl has written a superb explanation of Robinhood, the Redditors, and the regulators. A slice: No one specifically decided to give the Redditors a smackdown. So everything’s great, then? No! The regulatory environment is not meant to...
One of the greatest discoveries of the 18th century did not come from physics or astronomy but from the nascent science of economics. It is the theory that if individuals independently and freely pursue their ordinary self-interest, the resulting social order will be efficient, that...
Does Wall Street gain at the expense of the little guy? Yes. Is this gain via hedge funds and short selling? No. The fallout from the Robinhood/GameStop saga has led to the usual finger pointing at the wrong parties as a result of political tribalism. But...
Image credit: istockAnalysis and Commentaryvia The Grumpy EconomistDavid Battan writing in the WSJ brings come clarity to Robin Hood's trading stop. It raises some questions for me, however. Much of the problem seems to stem from two-day clearing and settlement, and brokers lending people money to...